For proper functioning of electricity grids in the country, the Union government is planning to give more powers to State electricity regulatory commissions and load dispatch centres. To facilitate this, the Centre plans to amend the laws concerned. A panel headed by Chairman of the Central Electricity Authority (CEA) - the apex planning body for the power sector - is expected to soon submit its report to the Power Ministry in this regard.
Category: Power & New and Renewable Energy
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Haryana govt may explore legal option against CEA order
The order of the Central Electricity Regulatory Commission (CERC) allowing Adani Power to charge "compensatory" tariffs for electricity from its Mundra plant has not gone down well with Haryana government. The state government plans to take legal action against the CERC order as it feels that the order violates the p
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Tamil Nadu needs 2 LNG import terminals
The Tamil Nadu government estimated that it needs two liquefied natural gas (LNG) import terminals of 5 million tonne each, including the proposed Ennore LNG terminal to meet gas demand. The state government plans to use LNG in order to reduce its dependence on coal-based power projects and help address its energy security.
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VSP produces 3.81 mn t of hot metal
Visakhapatnam Steel Plant (VSP) produced 3.81 million tonne (mn t) of hot metal and 3.4 mn t of iron & steel in 2012-13. It is learnt that the company achieved a cumulative sales of Rs 13,650 crore in 2012-13 and its sales was the highest in the month of March 2013 at Rs 2,136 crore. Exports at Rs 601 crore registered a growth of 45 p
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Clarity lacking policy strands solar projects in AP
The Federation of Andhra Pradesh Chamber of Commerce and Industries has said that about 750 mw of solar power projects are stranded for want of clarity in policy issues and clearances in Andhra Pradesh. The Andhra Pradesh Government announced its Solar Power Policy in September 2012 seeking to encourage solar power projects.
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Restructuring should not be considered anathema
Although banking sector stress may have 'bottomed out', as he puts it, India's infrastructure sector remains vulnerable to risks, both inherent and external. Corporate restructuring should not be thrown out the window as a solution for problems that are extraneous to a project.
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Pioneering in waste energy recovery
RINL, the corporate entity of Visakhapatnam Steel Plant is pioneering in recovery of waste energy to become self sufficient in power generation to meet its growing requirements and also to reduce its dependence on the state grid.
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New CFO at Essar Energy
Essar Energy, the India-focused integrated energy company, announced the appointment of Deepak Maheshwari as Chief Financial Officer. P Sampath, the current Chief Financial Officer, moves to a new role as the President of Business Optimisation and Improvement for Essar Energy
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Steering growth
As the MD and CEO of Azure Capital Advisors, Shailesh Ghorpade is responsible for laying down the vision of the company, managing the overall brand and steering the company towards achieving goals while ensuring highest standards in corporate governance.
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The undisputed leader
PP Gupta, the present promoter of Techno Electric & Engineering Company (TEECL), is an Honours Graduate in Industrial Engineering with Post-Graduation in Management from Indian Institute of Management, Ahmedabad.