Category : News

News

India to add 65,000 MW power in 12th plan

wirecableApril 22, 2011April 19, 2023

April 22, 2011April 19, 2023

India will add 65,000 MW of power during the 12th five year plan as various power projects will be commissioned by then. This was revealed by union Power Minister Sushil Kumar Shinde, according to the Indo-Asia News Service. “India’s electricity needs will be solved to a large extent in two-three......

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Chhattisgarh to pump in Rs17,000 crore in Power Sector

wirecableApril 22, 2011April 19, 2023

April 22, 2011April 19, 2023

Chhattisgarh government-run power companies will pump in Rs.17,000 crore in the state over the next three years to increase power production and also improve the power transmission and distribution infrastructure, Governor Shekhar Dutt told the state assembly. ‘State government-run power companies in Chhattisgarh would invest Rs.17,000 crore over the next......

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ONGC Likely To Complete 727 MW Tripura Power Project By December

wirecableApril 22, 2011April 19, 2023

April 22, 2011April 19, 2023

ONGC is likely to complete the 727-MW gas-based power plants at Palatana in Tripura, worth Rs 8,500 crore, by December, a year before schedule. This is the company’s first power venture in India. The company, which is setting up two gas-based power units each of 363.3 MW in Tripura, had......

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Ultra Mega Power Project in Orissa gets green signal

wirecableApril 22, 2011April 19, 2023

April 22, 2011April 19, 2023

Environment ministry has given green nod for the 4,000- mw ultra mega power project (UMPP) at Bhedabahal in Orissa after more than six-months delay. “Orissa UMPP is cleared (by environment ministry). We are hopeful of receiving the documents from environment ministry soon,” power minister Sushilkumar Shinde told reporters at a......

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1800 MW green power added during Apr-Dec

wirecableApril 19, 2011April 19, 2023

April 19, 2011April 19, 2023

With an addition of over 1,800 mw of capacity during the first nine months of the current fiscal, India’s cumulative grid-interactive renewable energy instalment capacity had crossed 18,500 mw mark as of December 2010. During the April-December period in 2010, the country added 1,259, 204, 144, 216, 5.5 and 7.5......

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Reliance Power to increase capacity of its mega projects by 50%

wirecableApril 19, 2011April 19, 2023

April 19, 2011April 19, 2023

Reliance Power, the flagship company of the Anil Ambani group, plans to expand four large coal-fired power projects by 50% to generate an additional 8,000 MW of power. The company will scale up three ultra mega power projects of 4,000 MW each at Sasan, Krishnapatnam and Tilaiya. Similarly, it will......

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PFC sanctions 7000 Crore to Karnataka power project

wirecableApril 19, 2011April 19, 2023

April 19, 2011April 19, 2023

Power Finance Corporation (PFC) has sanctioned Rs. 7,046 crore to fund a thermal power project to be set up by Raichur Power Corporation (RPCL) in Karnataka. RPCL is a joint venture(JV) company of PSU Bharat Heavy Electrical (BHEL) and Karnataka Power Corporation (KPCL), the state-owned power generating company. The jv......

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L&T to set up 375 MW Gas Based Power Plant for GSECL

wirecableApril 19, 2011April 19, 2023

April 19, 2011April 19, 2023

Larsen & Toubro (L&T) has received an order valued over 1100 crore from Gujarat State Electricity Corporation Limited (GSECL), a Government of Gujarat company, to set up a 1 x 375 MW gas based power plant at Dhuvaran, near Baroda in Gujarat, on EPC basis. L&T’s scope includes design, detailed......

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M&A deals value in power sector at $116 bn in 2010

wirecableApril 19, 2011April 19, 2023

April 19, 2011April 19, 2023

The power sector globally saw merger and acquisitions to the tune of $116 billion in 2010, a 19 per cent growth from the previous year, said a report. According to an annual review of M&As in the global power sector by PricewaterhouseCoopers, the total deal value in the power and......

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Jaiprakash Power Ventures Announces Amalgamation

wirecableApril 19, 2011April 19, 2023

April 19, 2011April 19, 2023

Jaiprakash Power Ventures Ltd. (JPVL), the designated power vehicle of the Jaypee Group announced amalgamation of Jaypee Karcham Hydro Corporation Limited (JKHCL) & Bina Power Supply Company Limited (BPSCL) with JPVL (w.e.f 01.04.2010, the Appointed Date). JPVL is the largest producer of hydro power in the private sector with 700......