Wind power venture capital (VC) funding picked up significantly during second quarter of 2013 amounting to $210 million with the help of some large deals going to project developers in India compared to just $16 million last quarter.
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Nepal stays GMR project
Nepal's Supreme Court recently stayed the negotiations on the power development agreement (PDA) between the government and GMR Energy for the 900 MW Upper Karnali Hydropower Project.
GAIL’s wind power plans
GAIL (India) is planning to set up wind power projects with an aggregate capacity of 100 MW in Gujarat, Madhya Pradesh, Maharashtra, Rajasthan, Karnataka and Andhra Pradesh.
Railywas captive nuke plants
To meet its rising demand of energy for train operations, the Indian Railways is actively considering setting up captive nuclear power plants.
KEC secures pgcil contracts
Power Grid Corporation of India (PGCIL) awarded a Rs 318 crore contract to KEC International (KEC) for supply and erection of a 765 kV double circuit transmission line between Aurangabad-Padghe in Maharashtra.
8.5 GW gas-based plants remain idle
Some reports indicate that around 8,500 MW of gas-based power plants are lying idle in the country owing to non-availability of fuel. A high-powered ministerial panel rejected a proposal to cut natural gas supplies to urea plants and divert that fuel to power companies.
Separate grid for solar, wind projects
The Union Government would set up a green corridor to generate power from solar and wind capacities that were established at a cost of Rs 50,000 crore, Planning Commission member BK Chaturvedi has said
Reliance starts wind project
In Vashpet of Maharashtra, Reliance Power commissioned its wind power facility of 45 MW. Built with an investment of Rs 300 crore, the power from this project would be sold to Reliance Infrastructure for distribution to Mumbai in line with regulated tariff structure of Maharashtra
Tata seeks waivers from Mundra UMPP lenders
Hit by higher price of imported coal and lower tariff realisation, Tata Power has sought 'certain waivers' from lenders to ensure further disbursements of loans to the 4,000 MW Mundra plant
Govt land for steel project
For implementing its proposed 6-million tonne-per-annum (mtpa) steel plant, the Karnataka government granted over 2,000 acre land to ArcelorMittal at Kuditini, Bellary district.

