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 Ăâ who together owe
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Category: Power & New and Renewable Energy
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RBI suggests alignment of existing debt recast pacts with scheme
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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
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Transport sector accounts for 65.3% of diesel consumption
Data from the union petroleum ministry shows that almost 65.3 percent of the total diesel consumed in India is for transportation with road transport itself accounting for 60.4 percent. Around 8.2 percent of the total diesel consumed goes to power generation, while agriculture uses up 12.2 percent
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AP’s wind power potential assessed at 88k mw
In Andhra Pradesh, the wind power potential is assessed to be at least 88,000 mw from wastelands. Furthermore, there is a potential of around 12,000 mw if 5 per cent of the stateĂâs agricultural lands suitable for wind power were used.
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Weak pricing power may have hit profitability of steel firms
Weak pricing power and high cost of raw materials may have eroded the profitability of many steel makers in India, some brokerages feel. Despite high cost of raw material, domestic steelmakers are unable to raise prices because of subdued demand. Therefore, analysts expects steel firms to a
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SAIL-led consortium to meet Afghan officials
The Indian consortium, that won the bid to mine iron ore reserves in Hajigak near Kabul in Afghanistan over one year ago, would meet officials of mining ministry in the country in a month's time. Although the consortium bagged the mining asset over a year ago, it has not signed a mining contract with the Afghan government because of contentious
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Policy changes to boost investment in wind energy
To give a fillip to investment in India's wind energy sector the Union Ministry for New and Renewable Energy has suggested certain policy changes. The Ministry wants to reintroduce Ăâaccelerated depreciation mechanismĂâ which had earlier helped grow the wind energy industry.
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JSPL plans to start operation at 2 mn tpa unit by April
By April 2013, Jindal Steel & Power (JSPL) plans to commission 2 million tonne per annum (mn tpa) greenfield steel plant at Angul, Odisha. The plant is part of the 6 mn tpa integrated steel plant project being developed by the firm in the area. The Naveen Jindal owned company received 970.34 acre of g
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Orissa’s solar policy to be framed in two months
A comprehensive solar policy is going to be framed in in Odisha, the State government has decided to this extent to promote solar power generation in a big way. The State Department of Science & Technology, which is finalising the policy has targeted solar power production of 80 mw in three years.