Tata Power to invest Rs 1,000 Cr to lay cables in Mumbai…

 Tata Power, India's largest private power generation company is planning to lay its own distribution cable network in the Mumbai with the investment of  around Rs 1,000 crore over the next three years. Currently, Tata Power serves around 8 lakh consumers using the distribution netwok of BEST and Reliance Infrastructure. For...

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Spark’s Update on Reliance Power…

 Reliance Power is in a better position than peers to generate cheaper power, because of high captive coal reserves, lesser logistics expense due to proximity of mines to plants and low-cost debt financing. The company has one of the highest captive coal reserves - 65 million tonne at peak production - most of which...

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Jharkhand State PCB shuts 22 mines of Coal India…

According to news, The Jharkhand State Pollution Control Board has ordered shutting down 22 open-cast mines of Coal India world’s largest miner. A subsdiary of Coal India, called Bharat Coking Coal Ltd (BCCL), is having around 22 open cast mines in Jharia in Dhanbad District, Jharkhand. The output of these mines account for a 20% of...

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Essar Power to terminate 800 MW PPA with GUVNL…

Spark learnt from the reports that the Essar Power Limited has issued one week notice for terminating its PPA singed with GUVNL for supplying 800 MW of Power for next 25 years. Essar Power has earlier signed a PPA with Gujarat Government for supplying 800 MW for Power for next 25 years at the tariff of Rs. 2.80 per unit. However, it seems...

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Adani Power to raise $1.8b abroad by September…

According to the Market Buzz, Gujarat based Power major Adani Power is on the verge of raising foreign currency funds of USD 1.8 Billions (Rs. 8232 Crs) by September 2011 .   This move of Adani Power is quite significant considering the present time when most firms in India face difficulties in raising funds abroad due to unfavorable...

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