In Arunachal Pradesh, the three hydro power projects of more than 5,000 mw capacity, undertaken by Naveen JindalÂ’s Jindal Power (JPL), are likely to take at least 10 more years to get commissioned. This is mainly on account of delays in getting regulatory approvals and funding. The proposed run-of-the-river projects, with envisaged investments of nearly Rs 50,000 crore, include the 3,097 mw Etalin project, the 680 mw Attunli project and the 1,600 mw project at middle Subansiri.
Category: Power & New and Renewable Energy
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Jindal, IL&FS keen to partner NMDC for UP power plant
Jindal Power and IL&FS Energy Development Company have individually evinced interest to partner NMDC in setting up a 2X250 mw thermal power plant in Uttar Pradesh at an estimated cost of Rs 2,000 crore. Jindal Power and IL&FS Energy Development Company have shown interest to be a joint venture partner of NMDC for its proposed power plant in Uttar Pradesh.
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Delhi CM asks Ambani to supply power round-the-clock
The Delhi Chief Minister Sheila Dikshit has asked Anil Ambani, Chairman of Reliance Infrastructure, which runs two power distribution companies, to take steps to 'rectify' the power outage problem in the city and ensure round-the-clock electricity supply. The Delhi CM is worried about the long power outages, especially before the assembly polls. In a letter to Ambani, Dikshit said the power supply by BSES Yamuna Power (BYPL) and BSES Rajdhani Power (BRPL)- has worsened in the city contrary to ex
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CIL raises prices by 5%, power tariffs may go up
Coal India (CIL) has increased prices by 4.7 per cent on average, a move that power producers say is likely to lead to an increase in power tariffs by 7 paise per unit to 45 paise. CIL on Tuesday reduced prices of two premium varieties of coal by 12 per cent while increasing prices of the rest, barring one, by 10 per cent. It had last increased prices in January 2011.
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Neyveli power plant expects to get land
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.
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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)