Author : wirecable

L&T gets Rs 3,500 crore order from PPN Power

wirecableJuly 27, 2011July 29, 2011

July 27, 2011July 29, 2011

17 May, 2011 Larsen and Toubro (L&T) said it has bagged an order worth Rs. 3,500 crore from Chennai-based PPN Power Generating Company Limited to set up a gas-based power plant in Tamil Nadu for setting up a 3×360 MW gas-based power plant at Nagapattinam District of Tamil Nadu state.......

Ghana to invest USD 230 million

wirecableJuly 27, 2011July 29, 2011

July 27, 2011July 29, 2011

5 July, 2011 The Ghana Grid Company Limited (GRIDCo) is set to raise about USD 230 million this year from local and international financial markets to invest in the country’s electrical energy infrastructure. Under the initiative, which feeds into its long-term capital investment plan, GRIDCo will receive 80 million euros......

RINFRA awarded EPC contract to build Samalkot Power Project

wirecableMay 26, 2011April 19, 2023

May 26, 2011April 19, 2023

Reliance Infrastructure Limited (RInfra) announced securing EPC contract of 2400 MW Gas based Combined Cycle Power Project (CCPP) at Samalkot, East Godavari District in Andhra Pradesh. The other EPC contracts were for the Sasan UMPP in Madhya Pradesh and Butibouri in Maharashtra. The contact value for the project is Rs 7,200 crore and shall......

JK Organisation to foray into power, plans 1360 MW plant in MP

wirecableMay 26, 2011April 19, 2023

May 26, 2011April 19, 2023

JK Organisation said it will foray into the power sector with plans to set up 1,360 MW power plant near Jhansi in Madyha Pradesh, on which it will make an initial investment of Rs 1,300 crore. “Yes, as a group we are venturing into the power sector. To start with, we will be......

DVC to raise Rs 7,100 crore to fund Power and T&D expansion

wirecableMay 26, 2011April 19, 2023

May 26, 2011April 19, 2023

Damodar Valley Corporation (DVC) plans to raise Rs 7,100 crore in the current fiscal through a mix of bonds and bank loans to fund its expansion plans. The state-owned power producer has planned a capital expenditure of Rs 8,200 crore this fiscal to add 2,200 MW of generation capacity. Of Rs 7,100 crore, Rs......

Coal ministry to cancel 5 NTPC blocks reserves of 3 bn tonnes

wirecableMay 26, 2011April 19, 2023

May 26, 2011April 19, 2023

In a major setback to India’s largest power generator and Maharatna NTPC Ltd, the Union government announced it would cancel allocations of five of the eight blocks awarded to the company over the past seven years. The five blocks – Chatti Bariatu, Chatti Bariatu (South), Kerandari, Brahmani and Chichiro Patsimal – have combined geological......

Installed power generation capacity in Turkey over 50,000 MW

wirecableMay 26, 2011April 19, 2023

May 26, 2011April 19, 2023

According to calculations based on data received from Turkish Electricity Production Company and Energy Market Regulatory Agency (EPDK), Anatolia reported installed power generation capacity across Turkey reached 50,422 MW at the beginning of last month. Of this capacity, 64.3 percent was attributable to thermal power plants and another 32.8 percent to hydroelectricity power plants. Most of......

India to add 67,000 MW solar power capacity by 2022

wirecableMay 26, 2011April 19, 2023

May 26, 2011April 19, 2023

Technological breakthroughs and economies of scale will make solar power competitive in six years and help India add 67,000 megawatts of solar generation capacity by 2022 – more than thrice the country’s target, according to a report by consultancy firm, KPMG. “The present trends indicate that the prospects are very bright for solar power......

Brics nations back USD 452 million Brazil-SA mega cable

wirecableMay 26, 2011May 26, 2011

May 26, 2011May 26, 2011

The governments of Brazil, China, Russia, India and SA have agreed to support a new, R3bn (USD 452 million) undersea cable that will connect Brazil with SA and Angola, and provide the region with onward connectivity to the US and Asia. The South Atlantic Express (SAex) cable system, which will have an initial design......

Techno Electric & Engg to invest Rs 10,000 cr in power

wirecableMay 26, 2011May 26, 2011

May 26, 2011May 26, 2011

Kolkata-based Techno Electric & Engineering, an engineering, procurement and construction (EPC) major which has presence in non-conventional generation, transmission and distribution, is planning to invest Rs 10,000 crore in power industry till 2017 and will also foray into contract farming soon, said a top company official. “Till the end of 2017, the company will......