The government is working out a plan to restructure the loans, extend repayment deadlines by three years and waive penalties. This will help power companies such as Tata Power, Adani
The Union cabinet has cleared a proposal to sign an inter-governmental memorandum of understanding (MoU) to facilitate setting up Chinese power equipment service centers in India.
The government said that power companies may secure coal from alternative sources in the absence of sufficient supply of the fuel from state-run Coal India Ltd (CIL).
The Prime Minister's Office (PMO) has asked both Coal India and Central Electricity Authority to work on the issue of the price pooling mechanism of imported coal, which is unresolved.
Almost 65,000 Mw of power generation capacity is held up in the country due to shortage in fuel supply by state-run Coal India, says a report.
Maharashtra will have to pay higher levelised rates for power purchases in the coming months to keep load shedding away. Levelised rate is the average fixed and variable rate over the entire term of a power purchase agreement.
Government on Friday said it is open to accommodating more suggestions from stakeholders on new bidding documents being finalised for power projects to make the process more comprehensive.
State-run Power Grid Corporation on Thursday said that it will invest Rs 1,327.74 crore for strengthening two transmission systems in the Northern region.
Power producer NTPC has raised $500 million through a 10-year dollar-denominated bond offering in the US market. The transaction has been done as part of the $2-billion Euro Medium Term Note programme of the company. The coupon for the NTPC bond was fixed at 4.75% and the instrument will yield 4.764% a year for investors.
The Coal India Ltd (CIL) board is likely to take up the issue of coal price pooling today for implementation of the modified Fuel Supply Agreement (FSA).
An official panel on Monday decided to penalise Tata Power and Hindalco Industries for delay in developing a coal block in Jharkhand owned jointly by the companies.
The Power Ministry proposes to urge coal ministry to de-allocate the captive coal blocks from projects that have not progressed to those that will be commissioned during the 12th Five-Year Plan period. “We are going to take it up with the Coal Ministry as it is legally permitted,” Minister for Corporate Affairs and Power M Veerappa Moily told Business Line. But this proposal may clash wi...
Odisha government on Tuesday said though 10 power generating companies including three state-run public sector undertakings are allocated coal blocks by the Centre, none have so far gone for coal production.
Ravi Uppal on Tuesday resigned from the board of infrastructure major Larsen & Toubro. The company informed the stock exchanges that Ravi Uppal, the whole-time director and president of power business, resigned as the director. The resignation will be effective from 15 September, 2012.
NTPC, the country's largest power producer, is looking to spend about Rs 1.38 lakh crore over the next few years to add a total capacity of 27,000 MW. The capital expenditure has been envisaged for capacities that are either under construction or being awarded or at tendering/planning stage.