The Environment Ministry has allowed a major relaxation for faster execution of all Ă´linearĂ´projects including roads, rail, power transmission lines, water supply lines and laying of optic fibre cables.
Category: Power & New and Renewable Energy
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Telangana for early completion of power projects
Telangana Chief Minister K Chandrasekhar Rao has sought the completion of power projects being taken up by State power generation corporation (Telangana Genco) within a fixed time-frame.
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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
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.
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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 IdealĂ´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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SuzlonĂ´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. Ă´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,Ă´ BHEL said in a statement.