In Vashpet of Maharashtra, Reliance Power commissioned its wind power facility of 45 MW. Built with an investment of Rs 300 crore, the power from this project would be sold to Reliance Infrastructure for distribution to Mumbai in line with regulated tariff structure of Maharashtra
Category: Power & New and Renewable Energy
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Tata seeks waivers from Mundra UMPP lenders
Hit by higher price of imported coal and lower tariff realisation, Tata Power has sought 'certain waivers' from lenders to ensure further disbursements of loans to the 4,000 MW Mundra plant
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Jaipur metro project
The Railway Ministry gave technical clearance for the operations in signal, telecom and electricity expansion system at the Jaipur Metro Rail Project.
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Import of natural gas to operate power plants
The decline in the supply of natural gas from Reliance Industries' (RIL) KG D6 basin to gas-based power plants may prompt these units to import costly
R-LNG to operate their facilities. Anticipating sufficient gas availability, power producers set up a substantial amount of gas-based power capacity in recent
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Govt to set up separate grid for solar, wind projects
Planning Commission member BK Chaturvedi has said that the Union government would set up a green corridor to generate power from solar and wind capacities that were established at a cost of Rs 50,000 crore, Planning Commission member BK Chaturvedi. The National Action Plan on Climate Change has recommended that India generate 10 per cent of its power needs from solar, wind, hydropower and other renewable sources by 2015, and an additional 5 per cent by 2020.
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Govt may not give significant gas to power sector
An Empowered Group of Ministers (EGoM) may not give any significant natural gas to the fuel-starved power producing units in the country till domestic production rises in 2016-17. Over $21 billion power plants are stranded for want of fuel. The EGoM headed by Defence Minister AK Antony is to meet shortly to squeeze out some gas from current year output of 105 million standard cubic meters a day for the power plants.
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Scindia seeks gas supply for $21 bn power plants
Union Power Minister Jyotiraditya Scindia has emphasised over an urgent solution on fuel woes to generate an additional 14,000 mw of electricity. Over $21 billion worth of power plants have stalled due to natural gas shortfall, Scindia said. Besides seeking untied gas currently produced or likely to be produced in future by companies like State-owned ONGC and GSPC, Scindia wants fertiliser plants to spare some gas after fulfilling the requirement for producing urea.
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2013 IHS Day APAC Summit to be held in New Delhi – Connect Decision Making
IHS(NYSE: IHS), the leading source of information, insight and analytics in critical areas that shape today's business landscape, will be hosting the IHS Day APAC Summit in New Delhi on 25th July at Taj Palace Hotel. Under the theme "Connect Decision-Making with the Source of Critical Information and Insight"
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Essar Power issues bonds to refinance debt
In order to refinance its existing debt, Essar Power mopped up Rs 750 crore by issuing rupee denominated bonds. The company, which is part of the London-listed Essar Energy, has a total debt of around Rs 16,500 cr. The bond offering would increase the maturity timeframe of its debt and also enable the firm save on inter
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Gujarat govt seeks cut in tariffs for solar plants
Gujarat government, lauded by India Inc for being business friendly, has stumped industry as it seeks to back out of the high tariffs contracted for nearly 1,000 mw of solar plants of the Tatas, GMR, Adani, Bollywood star Ajay Devgn, Lanco and others. Gujarat Urja Vikas Nigam (GUVNL) has approached the regulator with a plea to reduce tariff from Rs 12.54 per unit to Rs 9 to cut its payment liabilities. It is arguing that the state agreed to pay tariff of 12.54 per unit based on the then availabl