Power projects News

BJP leader Uma Bharti, expressed grief over the loss of lives after a glacier burst in Uttarakhand. She reveals she had opposed the idea of having any power projects on the Himalayan mountain range in the state.

Aiming to pare debt, Lanco Infratech will raise USD 1 billion (about Rs 6,600 crore) through the sale of one of its large power projects and listing of its power business in the next two years.

Sources said the e-auction on Tuesday will be for stranded power plants, and the same for units receiving sub-optimal domestic gas will be held on May 13.

The government will provide as much as Rs 3,500 crore in financial support to the power plants this fiscal.

The bidding process to rescue stranded power projects worth Rs 60,000 crore began on Friday with the companies putting in bids to be technically qualified for getting government's financial support.

Calling for a probe into award of three ultra mega power projects to Reliance Power, a Parliamentary panel Wednesday said the Power Ministry selected an "ineligible bidder" for Tilaiya, Sasan and Krishnapatnam projects.

Indian government's efforts to revive the stranded gas-based power projects will benefit the banks as they have significant exposure to such plants, credit rating agency Moody's said.

Industry body Assocham today suggested the government give preference in mines auction to captive block allocatees whose end use plants were operational at the time Supreme Court quashed allocations of mines.

The world's fifth largest wind turbine supplier Suzlon Energy will invest close to Rs 15,000 crore in the next five years to set up power projects of 2,000 MW capacity in Madhya Pradesh.

The board of directors of NTPC, country's largest power producer, has approved investment of over Rs 10,000 crore for executing two thermal plants.

Lanco Infratech on Tuesday said it plans to raise Rs 5,000 crore by selling power projects having total generation capacity of 3,000 MW, amid lenders looking at ways to improve the group's financial position.

The Coal Ministry is likely to revisit the policy on tapering linkages which may be done after the apex court gives its judgement on coal mines issue.

As per the existing guidelines of CWC for multipurpose projects, appraisals are to be completed within 6 months for the states where the Central Design Organisation exists.

To increase gas availability for power plants, the Ministry of Petroleum and Natural Gas has taken various steps.

Country's largest power producer, NTPC has said that Tata Power's unit can't unilaterally call off pacts with it, and should compensate the state-run firm if it decides to do so.

Power Grid will invest Rs 5,800 crore in Gujarat to increase the number of Extra High Voltage (EHV) substations to 12 from the existing five.

Goyal is also scheduled to meet the Minister of Environment and Forests Prakash Javdekar to deliberate upon the issues impacting the power and coal sectors.