Bharat Heavy Electricals (BHEL) will be entrusted with the task of executing all overseas power projects financed by the Union Government. In addition to that the Union Heavy Industries Ministry will high preference to BHEL while procuring spares and services for its foreign power projects.
Author: admin (Infratructure Today)
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132 solar projects under JNNSM commissioned
Under the Jawaharlal Nehru National Solar Mission (JNNSM), out of a total of 159 grid-connected projects with 1,152 MW, 132 projects of 627 MW capacity have been commissioned within their scheduled commissioning date (SCOD), according to governemnt estimates.
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Tuticorin thermal unit
In Tamil Nadu, the Tuticorin thermal power project's first unit of 1,000-MW (2x500 MW), which is under construction, is likely to be commissioned in December 2013 and the second unit by March 2014, according to Neyveli Lignite Corporation (NLC) Chairman-cum-Managing Director B Surender Mohan.
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NMDC power plant
Government-owned National Mineral Development Corporation (NMDC) will set up a 500 MW power plant in Turkadih, Gonda district of Uttar Pradesh in partnership with IL&FS Energy Development Company (IEDCL).
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Power sector debts at `972,900 cr
The total outstanding loans from banks/financial institutions (including bonds) for all the utilities in the power sector during the years 2009-10 to 2011-12 stands at Rs Rs 972,900 crore. As per a report by the Power Finance Corporation (PFC), during 2009-10
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Wind energy capacity declines
Minister of New and Renewable Energy Dr Farooq Abdullah said that the capacity addition in the wind energy sector declined after the withdrawal of Accelerated Depreciation (AD) and Generation Based Incentive (GBI) from April 2012. In the approved 12th Plan document
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Power firms reduce capital expenditure
The capital expenditure of 25 top listed power companies declined 15 per cent to Rs 112,687 crore in 2012-13. The decline in investment may result in a considerable generation and supply crunch by the end of the current Plan, in 2016-17.
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Assam to set up ring fence system
To detect power thefts in the state, the Assam government is to introduce 'Ring Fence System,' an advanced IT device system. With this, electricity theft might soon become a thing of past in Assam, says the State Power Minister Pradyut Bordoloi.
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NHAI cancels road projects due to delay
The board of National Highways Authority of India (NHAI) cancelled three road projects which have seen no progress in implementation despite being awarded. The authority decided to cancel at least five such projects including the above three projects.
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Srei scouts for distressed projects
Srei Group is planning to acquire distressed assets in power and road sectors. The company is interested in assets which have already undergone a credit restructuring or lenders or promoters are ready to exit