The Karnataka government will soon announce its new power policy. According to DK Shivakumar, Minister for Energy, Karnataka, the new policy will give thrust on tapping non-conventional energy. He said that the proposed power policy would be an exhaustive one covering all aspects and harnessing solar and wind power to generate electricity under private-public partnership.
Category: Power & New and Renewable Energy
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Gas-fired power projects seek policy sops
The cabinet will consider a proposal to subsidise gas-based power plants to prevent electricity from becoming too costly. The power ministry has circulated a draft note for the cabinet committee on economic affairs (CCEA) for improving the viability of gas-based power generation, which seeks approval to allocate financial subsidy by the government to address the issue of substantial increase in the price of domestic natural gas.
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Sembcorp to acquire stake in NCC-Gayatri power project
Sembcorp Industries, a Singapore-based energy, water and marine group, has signed a conditional agreement to acquire 45 per cent stake in NCC Power Projects (NCCPP), which is currently building a 1,320-MW coal-fired power plant in Andhra Pradesh for Rs 848 crore. NCCPP is jointly owned by Gayatri Energy Ventures (GEVPL) and NCC Infrastructure Holdings (NCCIHL).
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A pivotal player
Taking the new responsibility of Director and Group Chief Executive Officer at Punj Lloyd, JP Chalasani is all set to prove his expertise and ability in handling challenging assignments once again. Joining Punj Lloyd from Reliance Power, Chalasani will work closely with the Chairman, Atul Punj and lead the entire management team from the company´s corporate headquarters in Gurgaon.
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Solar, biodiesel to power Nhava Sheva terminal
Nhava Sheva International Container Terminal (NSICT) is focusing on reducing carbon footprint in our overall operations, Ajay Singh, CEO, tells Sudheer Vathiyath, and explains some of the major steps taken by the terminal operator to 'green up' the port activities.
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There will be a second round of restructuring for infra projects
The alarming increase in bad loans from infrastructure was partly responsible for restructuring of bank loanks. B Sriram, Managing Director, State Bank of Bikaner & Jaipur, which saw a fall in its profits in the quarter ending December,
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Transforming Punjab
The first-ever Progressive Punjab Investors Summit attracted commitments worth Rs 65,000 crore, but infrastructure enablement will be a critical factor in realising those investments.
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Towards infra reform for industrial enablement
Sir M Visweswaraiah, considered the architect of Karnataka, famously said: Industrialise or perish. At that time, the state was the first to generate electricity and a first in many other developmental respects.
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Welspun to set up solar plant in Punjab
Welspun Energy (WEL) announced an MoU with Punjab government to set up solar power project of 150 MW capacity. WEL will invest over Rs 1,300 crore for this project over the next three years.
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Renewable: More NPAs?
Hindsight: FY 2013-14 was a mixed year. Compared to last year, the limited capacity addition what we are seeing in this financial year are either and the solar power plants under REC mechanism, or projects that were to be executed last year or allotments done last year for execution.