Amid the anxiety and the anticipation awaiting the next Union government, as the country goes into polling mode, the infrastructure sector got some news to cheer about. The decision of the Planning Commission to propose the setting up of a Cabinet committee on transport, a move that could lead to speedy decision making in the sector, is a welcome move.
Category: Power & New and Renewable Energy
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Empowering shareholders
In her second article in this series, Prachi Manekar writes on some of the significant changes in the new Companies Act that has overhauled corporate governance regime to strengthen investor protection.
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Altaaqa Global receives ISO certification
Altaaqa Global CAT Rental Power has achieved ISO 9001:2008 (Quality Management System), ISO 14001:2004 (Environmental Management System), and OHSAS 18001:2007 (Occupational Health and Safety Management Systems) certification by TĂĆV NORD Germany, the ISO accredited certification body headquartered in Hanover, Germany. Altaaqa Global has been selected by Caterpillar Inc. to deliver multi-megawatt turnkey temporary power solutions worldwide.
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Fuel supply dues of NTPC
NTPC and Coal India are trying to resolve the Rs 2,500 crore payment impasse over fuel supply. It is expected that some amount of outstanding dues may have to be carried forward in the fiscal year beginning April. By end-February, NTPC owed Rs 2,500 crore with CIL, according to sources.
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Fuel supply dues of NTPC
NTPC and Coal India are trying to resolve the Rs 2,500 crore payment impasse over fuel supply. It is expected that some amount of outstanding dues may have to be carried forward in the fiscal year beginning April. By end-February, NTPC owed Rs 2,500 crore with CIL, according to sources.
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RIL gets two blocks in Myanmar
The Ministry of Energy (MOE) of the Republic of the Myanmar selected Reliance Industries (RIL) for two offshore blocks (M17 and M18) in Myanmar Offshore Block Bidding Round 2013. Both the blocks are located offshore in the Moattama basin of Myanmar in water depths up to 3,000 ft and together encompass an area of 27,600 sq km.
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RIL gets two blocks in Myanmar
The Ministry of Energy (MOE) of the Republic of the Myanmar selected Reliance Industries (RIL) for two offshore blocks (M17 and M18) in Myanmar Offshore Block Bidding Round 2013. Both the blocks are located offshore in the Moattama basin of Myanmar in water depths up to 3,000 ft and together encompass an area of 27,600 sq km.
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GAIL strikes MoU with Chubu Electric
GAIL has signed a Memorandum of Understanding (MoU) with Chubu Electric Power Co Japan for exploring the possibilities of collaboration in joint LNG procurement. Chubu and GAIL are large LNG importers having considerable synergy between their LNG business profiles.
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NTPC to import 15 mt of coal in FY15
NTPC has set a target of importing as much as 15 million tonne of coal in the next financial year (2014-15). The target may be lowered if Coal India increases its production. NTPC currently has an installed capacity of 42,964 MW, of which more than 37,000 MW is coal based.
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Suzlon Energy to raise Rs 1,500 crore
Pune-based Suzlon Energy is planning to raise about Rs 1,500 crore through selling its assets. Two of the fifteen assets, which the company plans to sell, are in abroad. These assets have components manufacturing facility and old plants. Suzlon wants to sell some of its assets in Gujarat, Maharashtra, Tamil Nadu and Pondicherry. According to the company, the process of selling assets would at least take 12 to 18 months.