The former India Chairman of Boston Consulting Group is smiling, as are domĂÂestic power equipment manufacturers. Not only will imported power equipment on large projects be levied duties,
Category: Power & New and Renewable Energy
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Areva T&D India bags contract
Areva T&D India said its transmission business, now a part of Alstom Grid, has bagged a Rs 400-crore contract from Rajasthan Rajya Vidyut Prasaran Nigam to design and build a 765-kV turnkey substation at Anta near Kota.
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Powergrid to double new lines
Power Grid Corporation of India (PGCIL) plans to install about 65,000 circuit km (ckm) of transmission lines during the 12th Five Year Plan (2012-2017), which is more than twice the likely installation in the current Plan.
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PFC to raise Rs 16,800 cr
Power Finance Corp (PFC) is hoping to raise nearly Rs 16,800 crore in the coming months through issue of securities, including tax-free bonds. Further, PFC has received regulatory approval for $1 billion
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Kothagudem plant production
The unit-11 of Kothagudem Thermal Power Project started commercial production. With this 500 MW unit, the thermal power capacity of APGENCO has crossed 5,000 MW.
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Treading the slippery path
Efficiency enhancement through pricing and non-pricing methods is the need of the hour in meeting our energy adequacy. With India's energy efficiency estimated to be the fifth lowest in the world, there is a tremĂÂendous scope to improve efficiency. DependĂÂence on oil imports is expected to rise.
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New duties
Ramesh Chandak has been elected as President, Indian Electrical & Electronics Manufacturers' Association (IEEMA) for the year 2011-12. Chandak takes over from Vimal Mahendru, the outgoing president.
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Cabinet nod for raw materials policy
The Cabinet approved a new policy allowing the acquisition of raw material assets outside India by state-owned companies with a three-year record of making profits, delegating moĂÂre powers for such buyouts to the boards of maharatna and navaratna public sector companies.
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Essar completes Vadinar refinery expansion
Essar Energy plc has completed a 35-day shutdown of its Vadinar refinery in Gujarat that helped it to tie-in new units required for a $1.85 billion capacity expansion.
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NTPC may fall short in FY12
NTPC may fall around 18 billion units short of its potential production capacity in the current fiscal, as state electricity boards (SEBs) turn away from purchases of expensive electricity produced with imported coal.