India Ratings and Research agency has maintained a negative outlook on the infrastructure sector for FY-18, with varied outlooks on individual sectors.
The world has too many coal-fired power plants, yet the power industry continues to build more. While the amount of electricity generated from coal has declined for two years in a row, the industry has ignored this trend and continues to build new coal-fired generating plants at a rapid pace.
Tata Power has agreed to buy the entire stake in Ideal Energy Projects Ltd (IEPL) for an undisclosed amount. IEPL owns a 540-MW coal-based thermal power project near Bela village in Nagpur, Maharashtra, of which 270 MW was commissioned in May 2013
State-run power gear maker BHEL has bagged a 16.96 million euro contract for a thermal power project in Turkey, the company has said. Â´The company has bagged a contract for rehabilitation of three units of Electrostatic Precipitators for the 430 MW Tuncbilek Thermal Power Project in Turkey on EPC basis,Â´ BHEL said in a statement.