Lenders to power projects, particularly, banks have raise concern over the change in development model drafted in the new standard bidding document. Under the draft standard bidding document (SBD), the ministry has proposed changing the development model from build-own-operate to design-
Karnataka chief minister Jagadish Shettar has asked the Union power minister to consider setting a UMPP in Karnataka urging the centre to set up an Ultra Mega Power Project (UMPP) in the coastal district of Dakshina Kannada. In a letter to Union Minister of State for Power, Jyotiraditya M Scindia, Chief Minister Jagadish Shettar noted that a team of officers last year had visited fou...
Reliance Power reported over 30% jump in net profit at Rs 266 crore for the third quarter ended December 31, 2012.
The ministry of power has clarified that Reliance Power's Tilaiya ultra mega power project (UMPP) enjoys the exemption from a key provision of the Forest Act stating that the project's status is on a par with 'central government undertakings'.
The nodal agency for ultra mega power projects (UMPP) in the country, Power Finance Corporation Ltd (PFCL) said that it has initiated preliminary studies to assess the feasibility for setting up of a second 4,000 Mw UMPP in Husainabad, Jharkhand.
Anil Ambani-led company Reliance Infrastructure is looking at Reliance Power's ultra mega power projects (UMPP) to boost its order book.
The new bidding norms being formulated for power projects may not require approval from the Empowered Group of Ministers, thus easing regulatory hurdles for developers.
Coastal Andhra Power (CAPL), a Reliance Power owned subsidiary, has been given time till November 22 to settle the issues related to the change in Indonesia’s coal policies with its power buyers. A division bench of the Delhi High Court gave this order on 18 October.
Anil Dhirubhai Ambani-owned Reliance Power (RPower) has announced that the company has started production from captive coal mines allotted for its showcase Sasan Ultra Mega Power Project (UMPP) last month, despite a government directive asking the company to stop mining activities till few formalities are completed.
Tata Power through its wholly owned subsidiary Coastal Gujarat Power Ltd (CGPL) has announced synchronisation of 800 Mw sized Unit 3 of the country’s first ultra mega power project (UMPP) in Mundra, Gujarat.
With financial institutions (FIs) refusing to fund future projects, saying the new norms make them unviable, India’s plan to build giant power plants to meet growing energy needs is facing a bottleneck.
Tata Power has seen erosion of more than 60% of the Rs 4,500 crore equity investment in its 4,000 Mw Mundra ultra mega power project (UMPP).
The Build-Own-Operate-Transfer (BOOT) model would not be suitable for setting up power plants in the country and could lead to complications in the sector, experts said.
The bidding for Ultra Mega Power Projects (UMPPs) will be based on first year tariff and not 25 years levelised tariff, as was the practice earlier. The new norm would be applicable for the three UMPPs planned in Tamil Nadu, Odisha and Chhattisgarh.
The finance ministry on Tuesday said that 10 corporate entities, which are projected to generate 70% of all power in next five years, will become more vulnerable if coal blocks allotted to them are cancelled en masse. The balance sheets of these companies, the ministry cautions, are already stretched with high levels of debt.