Media reports indicate that SREI Infrastructure Finance may spruce up its portfolio of road and power projects through acquisition. It is learnt that the firm is eyeing road and power projects, the promoters of which have already undergone a credit restructuring or they are ready
Tag: generation
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Govt to decide on diverting gas to power sector
Government would decide on whether to increase the supply of natural gas to power sector by diverting a part of the existing supply to fertiliser sector. Fertiliser plants in India get 43.6 mscmd of natural gas at present. Of this, 19.5 per cent (8.5 mscmd) comes from imported liquefied natural gas (LNG). Some reports indicate that the fertiliser plants may have to import 45-50 per cent of their total gas
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Power producers lobby for diversion of gas
Power developers who run natural gas-based power plants are lobbying for the diversion of gas supply from the fertiliser sector and lowering of the plant capacity for recovery of fixed costs and assured return on equity. Amish Shah of Credit Suisse Research said this in a recent report. Owing to shortage of gas supply, power plants of Lanco, GMR, GVK, Essar, NTPC, RGPPL, Torrent, VBC Group — with a total capacity of 9,861 mw — are funct
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Thermal plants operated at low peak load factor
Thermal power plants in the country operated at an average peak load factor (PLF) of 69.95 percent, which is a nine-year low in 2012-13 owing to insufficient availability of coal. Given the stagnation in the production of coal and natural gas, industry observers raise doubt as to how
the raw material needs of our future power projects would be met. In 2013-14, India's power generation capacity is expe
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Coal India to cut supplies to CPPs
Coal India (CIL) is considering a reduction in coal supplies to captive power plants (CPPs) operated by energy intensive industries, which account for 15 per cent of the country's power generation capacity.
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GMR to get Rs1,700 cr
During this financial year, GMR Infrastructure is set to infuse Rs 1,700 crore fresh equity capital in its energy business.
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NSL raises $5 mn from IFC
To support the development of wind and hydro power NSL Renewable Power (NRPPL), part of the Hyderabad-based NSL Group, has raised $5 million from International Finance Corporation (IFC) through compulsorily convertible debentures (CCDs)
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NTPC added 4 gw capacity in FY13
State-run power producer NTPC added 4,170 mw of generation capacity during 2012-13 surpassing its earlier best capacity addition of 2,820 mw in 2011-12. The company currently has an installed capacity of 41,184 mw through 16 coal based, two solar renewable, seven gas or liquid fuel and seven Joint Venture power stations
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Ministry may not agree to reduce import duty on coal
It seems the power ministry may not succeed in convincing the finance ministry to reduce import duty on all forms of coal used in power plants to mitigate the impact of rising cost of imported coal on power sector. Increase in the cost of imported coal has threatened the viability of several power generation projects in the
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GVK Power has Rs 160 bn debt
GVK Power and Infrastructure sits on a total consolidated debt of Rs 16,000 crore, according to the earnings results released by the company. Although this is lower than the debt level of some other companies in the infrastructure sector, interest cost on the debt is a huge drag on the firm's balance sheet. GMR Infrastructure, which is a peer company of GVK,