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Jhajjar plant’s 3rd 500 MW unit to start commercial operations

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April 25, 2013 The third 500 MW unit of the Indira Gandhi Super Thermal Power Project (IGSTPP) at Jhajjar in Haryana will start commercial operations. The project is being implemented by Aravali Power Company Pvt Ltd – a joint venture between NTPC, HPGCL and IPGCL. With the commissioning of the......
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Gayatri Projects’ arm executes PPA for 1,320 MW power plant

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April 18, 2013 Gayatri Projects Ltd said its subsidiary has executed power purchase agreement (PPA) with Andhra Pradesh government for its 1,320 MW power plant in the state. “The company’s subsidiary TPCIL has executed a Power Purchase Agreement with Andhra Pradesh Power Distribution Companies, wholly-owned by the government of Andhra......
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Uttar Pradesh set to privatize power distribution in four cities

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April 9, 2013 After proposing a revision in power tariff, the state government is all set to privatize power distribution system in at least four major cities – Ghaziabad, Kanpur, Meerut and Varanasi. The privatization will be done under the public-private-partnership (PPP) model wherein the state government will set up......
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Government finalises norms for distribution companies’ debt recast

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April 5, 2013 The Centre said that the bonds to be issued by states, backed by it under the debt recast plan for power distribution utilities, will attract about 0.5 per cent premium over the issue price yet to be determined. The government has also extended the deadline to July......
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Sterlite and Tongguang joint venture in China starts production of optical fiber

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February 18, 2013 Jiangsu Sterlite Tongguang Fiber Co. Ltd. (JSTFCL), the joint venture (JV) company formed between Sterlite Technologies Limited (Sterlite) and Jiangsu Tongguang Communication Co Ltd (TGCI), announced the commencement of production of optical fiber at their new facility located in Haimen, Jiangsu Province, China. The greenfield factory has......
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Bekaert releases FY 2012 results, records consolidated sales of 3.5 billion

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February 28, 2013 Overcapacity in most markets and an overall slowdown in global demand led to fierce competition and persistent price and margin pressure in 2012. The sawing wire business collapsed even further in 2012 and the measures taken to rightsize the respective activities with the new business reality substantially......
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