For Reliance Infrastructure, higher volumes and tariff growth in its electricity business, besides eight of its toll roads generating revenues helped to post a 76 per cent rise in net profit at Rs 726 crore (Rs 411 crore) for the quarter ended March 31, 2013. However, revenues were down to Rs 6,187 crore (Rs 7,135 crore).
Category: Power & New and Renewable Energy
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Power biz, toll roads help R Infra to gain Rs 726 cr net
For Reliance Infrastructure, higher volumes and tariff growth in its electricity business, besides eight of its toll roads generating revenues helped to post a 76 per cent rise in net profit at Rs 726 crore (Rs 411 crore) for the quarter ended March 31, 2013. However, revenues were down to Rs 6,187 crore (Rs 7,135 crore).
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EIB commits 150 mn euro funding for clean energy projects
European Investment Bank (EIB) agreed to support renewable energy projects in India by committing a 20-year 150-million euro loan facility to the Exim Bank. Exim Bank would use the fund under the facility to lend for energy projects, notably wind, solar photovoltaic, concentrated solar power, hydro-power, geothermal, biomass and efficient co
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TECA wants govt to allot land for solar projects in industrial estates
Tamil Nadu Electricity Consumers Association (TECA), Coimbatore requested the state government to allot land in each of the proposed industrial estates for solar power generation. It may be noted that the state government proposed to set up new industrial estates in the southern districts. D Balasundharam, President of TECA pointed out that these industrial estates would have electrical sub-stati
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Tidco to implement Rs 35 bn worth projects
State Chief Minister J Jayalalithaa informed the assembly that the Tamil Nadu Industrial Development Corporation (Tidco) would implement Rs 3,500-crore worth projects across port, power and natural gas sectors. The project includes a deep water port, floating storage re-gasification unit and a 500 mw gas-based power plant in the southern district of
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Coal stock rises across several ports
Data from Interocean Group shows that coal stock across several ports in the country grew 5.8 percent to about 10.8 million (mn t) as of May 3 compared to 10.27 mn t in the previous week. The stock includes both thermal and coking coal. Of the 10.8 mn t, coking coal comprised 2.30 mn t, up from about 2.24 mn t a week ago. The company collected data from 16 ports across the country
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Cairn Energy picks up stake in two Irish oil blocks
According to a media release, Cairn Energy, which is headquartered at Edinburgh, picked up 38 per cent equity in Porcupine Basin pair Frontier Exploration Licence (FEL) 2/04 and FEL 4/08, two Irish blocks, in a cost-and-carry deal. The company also bought stake in six adjacent licencing option blocks. The acreage covers an area of 2,75
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Pricing formula of Kelkar panel, Rangarajan panel may be similar
Media reports indicate that the Vijay Kelkar committee, appointed to suggest pricing of natural gas, may offer a band of prices besides the formula arrived the committee under C Rangarajan, the Chairman of the Prime Minister's Economic Advisory Council. Reports also suggest that the price band may not differ substantially from the basic formula arrived at by the
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Pricing formula of Kelkar panel, Rangarajan panel may be similar
Media reports indicate that the Vijay Kelkar committee, appointed to suggest pricing of natural gas, may offer a band of prices besides the formula arrived the committee under C Rangarajan, the Chairman of the Prime Minister's Economic Advisory Council. Reports also suggest that the price band may not differ substantially from the basic formula arrived at by the
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Bihar govt takes steps to bridge power deficit
Bihar government is taking steps to bridge the power shortage in the state by resorting to open market purchase of power, signing power purchase agreement (PPA) with producers etc. The Bihar State Power (Holding) Company Limited (BSPHCL) signed a power purchase agreement (PPA) with