Lignite mining-cum-power generator Neyveli Lignite Corporation (NLC) is hopeful of getting around 59 hectares of declassified forest land so that its 1,000 mw power project in Tuticorin can proceed without hitch. The land was obtained from the Tuticorin Port Trust. Long back some portion of the land was classified as forest land though there is no forest there, Chairman and Managing Director B Surender Mohan said.
Category: Power & New and Renewable Energy
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SJVN plans power projects worth Rs 9.8 bn in FY14
RP Singh, Chairman of SJVN informed that the firm may invest about Rs 986 crore on several projects, including wind and thermal during 2013-14 compared to Rs 796 crore invested in the previous fiscal. Singh informed this during a conference call with analysts. Most of the Rs 796 crore spent last year went to its 412 mw Rampur hydro electric project in Himachal Prad
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GMR’s power projects to get Rs 1,700 cr
During this financial year, GMR Infrastructure, the Bangalore-based infrastructure major is set to infuse Rs 1,700 crore fresh equity capital in its energy business. The GMR Energy business presently consists of six operating assets with a cumulative capacity of 837 mw and four generation projects under various stages of construction with an aggregate capacity of 3,788 mw.
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Draft policy on offshore wind energy released
Union Ministry of New and Renewable Energy has released a draft national offshore wind energy policy for 2013. The draft policy was written with inputs from a steering committee on offshore wind energy.
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CCEA may clear fuel pass
In order to enable power plants to pass on the rise in the cost of imported fuel to end consumers, the Cabinet Committee on Economic Affairs (CCEA) may clear the fuel pass through mechanism.
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NSL raises $5 mn from IFC
To support the development of wind and hydro power NSL Renewable Power (NRPPL), part of the Hyderabad-based NSL Group, has raised $5 million from International Finance Corporation (IFC) through compulsorily convertible debentures (CCDs)
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Discussion on hydro projects
The Union Power Ministry has taken up the issue of environmental and forest clearances to hydel projects with the Environment Ministry. The initiative is to encourage development of hydro sector in the country.
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SJVN plans power projects
RP Singh, Chairman of SJVN informed that the firm may invest about Rs 986 crore on several projects, including wind and thermal during 2013-14 compared to Rs 796 crore invested in the previous fiscal.
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Mcnally Bharat wins contract
McNally Bharat Engineering secured a Rs 277 crore contract for construction of portion of four laning of national highway. The project is to be completed within 22 months.
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Rs 43,000-cr Green Corridor project for renewable energy
To flow renewable energy into the national grid the Union Government plans to roll out a Rs 43,000 crore green energy corridor project. The blueprint for the project has already been submitted to the Power Ministry by Power Grid Corporation of India (PGCIL).