Category: Power & New and Renewable Energy

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Upwardly Mobile

Upwardly Mobile

Nitin Chalke is the Managing Director of Eaton in India, a $22 billion global power management company. In his current role Chalke is responsible for working with Eaton´s five businesses to develop strategies that will build Eaton´s overall presence and success in India.

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Point Person

Point Person

CG has appointed Jean-Michel Aubertin as Executive Vice-President and President of Power Business Unit. Aubertin will also be a member of CG´s Executive Committee.

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Abhijeet Group plant up for sale

Abhijeet Group plant up for sale

Banks are making a second attempt to sell Corporate Power Limited (CPL), an Abhijeet Group company, to recover their dues. Adani Group, India Power Corporation and JSW Power have evinced initial interest in the deal. The companies have purchased bid documents, which makes lenders hopeful that they may be taking part in the auction eventually.

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Power Ministry cancels UMPP bids

Power Ministry cancels UMPP bids

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.