Lower merchant power rates and higher coal prices would ensure sustained pressure on profitability of non-integrated companies.
Category: Power & New and Renewable Energy
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REC to launch 3 SPVs
REC Transmission Projects Company (RECTPCL)—Bid Process Coordinator (BPC) for three transmission projects—will incorporate three Special Purpose Vehicles (SPVs).
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3i deploys Rs 700 cr on infra projects
T3i India Infrastructure Fund, part of the UK-listed 3i group, has invested about $157 million (about Rs 700 crore) in road and power projects, taking close to four months to close the deals as increased approvals from authorities and the fund’s own stricter due diligence extended the time.
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Fukushima-Daiichi aftermath
In the aftermath of the tsunami in Japan, the Centre is considering fine-tuning its plans of locating power plants, along the coast.
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Cold chain: Finally warming up to India?
India’s agricultural infrastructure, and in particular its fledgling cold chain industry, may have caught investor attention, particularly after news of farm produce rotting because of lack of suitable storage infrastructure.
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Short-lived glory
As the pace of power generation heats up, the race to be king is likely to be ongoing, with players overtaking each other within short periods.
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Tax holiday extended to 2012
In a bid to boost power capacity, Finance Minister Pranab Mukherjee said tax holiday for power sector would be extended till 31 March 2012.
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High bets on geothermal
The government is readying a policy on geothermal energy. Companies planning to encash on it are Tata Power, Thermax and GeoSyndicate.
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THDC commisions 1st unit
The Tehri Hydro Development Corporation (THDC) has commissioned the first 100 MW unit of the 400 MW Koteshwar Hydro Power project synchronising it with the Northern Grid.
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Siemens bags Metro contract
Chennai Metro Rail (CMRL) has awarded a Rs 305 crore contract for power supply and overhead equipment (OHE) to Siemens AG, Germany, and its Indian arm Seimens India Consortium.