Tata Power Managing Director Anil Sardana urges government to take policy measures to enable the power sector grow at 12 per cent every year. He said the power sector must grow at 12 per cent every fiscal in order to support a GDP growth of 7-8 per cent
Category: Power & New and Renewable Energy
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OMEL to explore Nigerian block only if investment commitment waived
ONGC Mittal Energy, a joint venture between ONGC Videsh and Mittal Investment Sarl, has reportedly told the Nigerian government that it would explore the OPL-285 oil and gas block only if it is waived of the attendant investment commitment. It may be recalled that the joint venture firm secured exploration rights in OPL-279 and OPL-285 block
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UP CM assures policy revamp to attract private investment
Uttar Pradesh Chief Minister Akhilesh Yadav asked companies to invest in the state by assuring them that his government would revamp the investment related policies across sectors and create an enabling and business friendly environment. He made this appeal at the CII Partnership Summit in Ag
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Coal transportation contract of Durgapur Projects
The West Bengal government founded Durgapur Projects Ltd aims to develop infrastructure for various large, medium and small scale industries in and around Durgapur and also at other places within the state. Incorporated on September 6, 1961, the body consists of coke oven batteries, bye-products plant, gas grid project, thermal power plant
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Govt wants JSPL to sign PPA for extending MoU
Odisha government wants Jindal Steel and Power (JSPL) to sign power purchase agreement (PPA) with Gridco in order to be eligible for extension of its memorandum of understanding (MoU). It may be recalled that JSPL had signed MoU with the government in 2009 for a 1,320 mw coal-fired plant at Boin
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TN’s policy boosts solar energy units in Coimbatore
In Coimbatore, manufacturing of solar energy-related products is set to get a boost with the State unveiling a new solar energy policy and the solar energy equipment manufacturers in the city expect to clock a 15-20 per cent annual growth, say organisers of the ‘Renergy Coimbatore 2013’ show.
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TN’s streetlights to be replaced with solar lamps
The Tamil Nadu government, as part of its efforts to tide over the current power crisis, has been implementing various steps to conserve electricity. Recently, the State Chief Minister J Jayalalithaa unveiled a solar power policy aimed at tapping 3,000 mw of power in the next three years (details in box).
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RBI suggests alignment of existing debt recast pacts with scheme
The existing bilateral debt recast schemes between banks and some power distribution companies may be aligned with the government-introduced debt restructuring scheme, Reserve Bank of India (RBI) suggested. Last year, lenders entered into a debt restructuring agreement with power distribution firms in Uttar Pradesh, Rajasthan and Haryana — who together owe
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Aeon Renewable Energy to invest Rs 250 cr in 3 yrs
Chennai-based Aeon Renewable Energy Solution is to invest Rs 250 crore over the next three years on setting up 25 megawatt (mw) of solar power generation capacity in Tamil Nadu. The company is planning to establish its presence in the retail solar power generation solutions for domestic and industry for captive use.
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New technologies to raise efficiency of rolling mills
Umesh Chandra, Director (Operations) of the Visakhapatnam steel plant stressed on the need to adopt modern technologies for the improved performance of rolling mills. The operational efficiency of the steel plants relies on the improved performance of rolling mills, Chandra said at the forty-sixth meeting of the Rolling Mill Oper