The Union government has planned four ultra mega solar power projects (UMPPs) at a cost of Rs 90,000 crore in Rajasthan (4,000 mw), Gujarat (4,000 mw), Kargil (2,000 mw) and Ladakh (5,000 mw).
Category: Power & New and Renewable Energy
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Power Finance Corp posts Rs 1,274 cr profit
The Power Finance Corporation (PFC) has stated in a regulatory filing that it has posted 23 per cent jump in net profit at Rs 1,273.79 crore for the three months ended September. PFC, a government-owned company and a key lender for the power sector, had a net profit of Rs 1,036.49 crore in the year-ago period.
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Cairn India is the fastest growing energy firm
In the global ranking, Cairn India has been ranked as the fastest growing energy company while Reliance Industries is the top ranked Indian energy firm in the global ranking. With a compound growth rate of 121 per cent in past three years, Cairn was ranked the fastest growing energy company in the world ahead of Cnooc of China, Valero Energy of the US, PetroChina, Essar Energy and Russian Rosneft, according to the Platts Top 250 Global Energy Company Rankings.
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The Bill lacks focus and effective structure
Does the new Bill run the risk of ending up like many other tribunals that were replete with court intervention? Amit Kapur and Vishnu Sudarsan evaluate why the currently drafted Dispute Resolution Bill, which is understood to have reached the PMO
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Survival of the fittest
A remote town in Rajasthan on the border of Gujarat and close to the international border, Barmer today has emerged as a major source of energy to change the landscape of Rajasthan. Today Barmer is a bustling mining town with large fleets of mining equipment and Volvo tippers.
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A dynamic leader
VP Mahendru, Chairman & Managing Director, Eon Electric Ltd, promoted the company in 1958 for manufacturing and marketing electr¡ical distribution and safety equipment. The Group has since been growing by leaps and bounds with its various manufacturing plants. Mahendru is a dynamic and energetic personality well known in the business and social circles.
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Cairn India ranked worlds fastest growing energy firm
Cairn India has been ranked as the fastest growing energy company in the world while Reliance Industries is the top ranked Indian energy firm in the global ranking. With a compound growth rate of 121 per cent in past three years, Cairn was ranked the fastest growing energy company in the world ahead of Cnooc of China, Valero Energy of the US, PetroChina, Essar Energy and Russian Rosneft, according to the Platts Top 250 Global Energy Company Rankings.
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Cairn India eyes acquisitions
To strengthen its exploration and production portfolio, Cairn India is exploring opportunities to buy gas and oil blocks. The acquisitions would be funded by the earnings from its Rajasthan assets. By 2015-16, the company plans to spend $3 billion and is hopeful of a production of 225,000 boepd overall by 2013-14.
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Power Grid to take up 4 projects
To launch four power projects, Indian government-owned Power Grid Corporation is to invest Rs 2,820.04 crore. The power transmission major would invest Rs 1,364.52 crore in 'Eastern Region Strengthening Scheme-V' project, with commissioning expected in 30 months, the company said in a regulatory filing on October 30.
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Centre gives clearance for two projects
The Union Ministry of Environment and Forests has given its clearance to the 4,000-MW Cheyyur ultra mega power project in Kancheepuram district and the 1,320 MW Udangudi thermal power project in Tuticorin district of Tamil Nadu.