The Ministry of Power has decided to cancel the two-year-long bidding process for two ultra mega power plants (UMPPs) in Tamil Nadu and Odisha. The decision comes in the wake of private companies pulling out of the process, with public sector units NTPC and NHPC emerging as the only bidders.
Category: Power & New and Renewable Energy
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Private power firms may shift to regulated tariff
The government is considering giving a one-time option to private power companies to shift to regulated electricity tariff from tariff discovered through competitive bidding.
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Tata Power buys Ideal´s 540 MW plant in Nagpur
Tata Power has agreed to buy the entire stake in Ideal Energy Projects Ltd (IEPL) for an undisclosed amount. IEPL owns a 540-MW coal-based thermal power project near Bela village in Nagpur, Maharashtra, of which 270 MW was commissioned in May 2013
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Telangana pays Rs.350 cr to BHEL for stations
Telangana Chief Minister K Chandrasekhar Rao has handed over a cheque for Rs 350 crore to Chairman and Managing director of Bharat Heavy Electricals Limited (BHEL) B Prasada Rao for construction of super critical power stations at Kothagudem and Manuguru in Khammam district.
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Jakson Group bags
Rs.110 crore order from DMRC Power solutions provider Jakson Group has received an order worth Rs 110 crore from Delhi Metro Rail Corp (DMRC).
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Suzlon´s arm bags wind power contracts
Suzlon Group firm Senvion SE has bagged orders worth over Rs 420 crore for setting up wind power projects having nearly 64 MW capacity in the UK. Three of them are repeat orders.
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BHEL bags -C16.96 million contract in Turkey
State-run power gear maker BHEL has bagged a 16.96 million euro contract for a thermal power project in Turkey, the company has said. ´The company has bagged a contract for rehabilitation of three units of Electrostatic Precipitators for the 430 MW Tuncbilek Thermal Power Project in Turkey on EPC basis,´ BHEL said in a statement.
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Alstom T&D India bags Rs.151 crore order
Alstom T&D India has bagged an order of about Rs 151 crore from Rajasthan Rajya Vidyut Prasaran Nigam Ltd (RRVPNL) to supply a 400/220 kV substation in Bhadla and expand the existing 400/220 kV substation in Bikaner.
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SJVN inks MoU for Ultra Mega Solar Wind Park
SJVN has signed an MoU with Hindustan Salt Limited to Conceptualise, Structure, Implement, Operate and Maintain the Ultra Mega Hybrid Renewable Energy (Solar & Wind) Park at Salt Pan Land in Kharaghoda, Gujarat.
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Stocks & Barrels
It´s raining good news for the Indian economy. Credit Suisse has said that India will witness the fastest dollar nominal growth in 2015. And falling oil prices are proving to be a major windfall for the country.