Biomass-based power generation is renewable, widely available, carbon-neutral technology and has the potential to provide significant employment and income generation in the rural areas.
To complete its 1,200 MW independent power plant (IPP), presently under construction in Tuticorin, Dubai-based Coal and Oil (C and O) Group has secured additional funding of approximately Rs 1,600 crore from Indian public sector banks including the State Bank of India. The power project, which is being developed at a cost of around Rs 6,800 crore is developed by Coastal Energen, the power generating flagship company of the Coal & Oil Group.
Odisha government wants Jindal Steel and Power (JSPL) to sign power purchase agreement (PPA) with Gridco in order to be eligible for extension of its memorandum of understanding (MoU). It may be recalled that JSPL had signed MoU with the government in 2009 for a 1,320 mw coal-fired plant at Boin
Jammu and Kashmir State Power Development Corporation (JKSPDC) aims to add about 8,000 MW of hydro power in the state in the 12th-13th Plan including projects being taken up in private sector in the IPP mode. This information was provided by the Managing Director of JKSPDC.
According to a company filing, the board of directors of PowerGrid Corp cleared an investment of Rs 3,201.44 crore for transmission system for phase-I generation projects in Jharkhand and West Bengal.The project is part of the Rs 7,209.65 crore investment proposal approved by the board.
ReNew Wind Power, a reneÂwable energy independent poÂwer producer (IPP), announced it has secured an equity investment of up to Rs 1,000 crore from Goldman Sachs, a leading global investment bank and active investor in alternative energy/clean technology.