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Fourth CMD in 2 years

Fourth CMD in 2 years

Quick turnovers are not the salient feature of a vibrant economy alone, it seems. Rural Electrification Corporation (REC) has seen turnovers of a different kind: four CMDs in two years. Rajeev Sharma takes over the reins from HD Khunteta who took over from JM Phatak only in May last year for a period of “three months or until further orders”. He served for seven months, while Phatak was CMD for less than a year.

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Tata Power to run Mundra UMPP at low capacity

Tata Power to run Mundra UMPP at low capacity

Tata Power Company is preparing contingency plans to minimise loss from running the plant as the cost of imported coal from Indonesia has risen sharply. The company plans to run the 4,000-MW Mundra unit at low capacity, at around 72-78 percent, and is considering blending the fuel with che­aper coal of low calorific value to reduce cost of generation.

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20 bidders for Orissa's UMPP

20 bidders for Orissa's UMPP

All the 20 power companies, including Tatas, NTPC and Lanco, which had submitted bids for the 4,000 MW ultra mega power project (UMPP) in Orissa are believed to have qualified for the second round, which starts in October.