Alarmed by the critical financial condition of state-owned power distribution companies, investors have started dumping shares of power companies putting downward pressure on their prices. The decline in power companies' share prices is much steeper than the general fall in stock prices. This is evident if one goes by the NSE's infrastructure index which comprises power companies. The hardest hit are companies engaged in...
Empowering the Indian Power Sector with News, Insights, Publications & Other resources...
Featured Articles...
November 23, 2011
Private sector drives power capacity additions - Adds more than the Central and State utilities combined…
Fuel shortages and funding woes notwithstanding, private sector developers accounted for much of the power capacity addition that has taken place so far this fiscal. During April-October 2011, the private sector added 4,301 MW, more than what was added by the Central and State sector utilities put together. The continued hold-up at the near-complete Kudankulam nuclear power units, though, could ensure that the actual capacity...
India plans to sell 500MW electricity to Pakistan : Two countries scheduled to meet next month to finalise tariff and grid connectivity…
India plans to sell 500 megawatts power to Pakistan, according to an Indian newspaper. Officials of the two countries are scheduled to meet next month to finalise the t ariff and grid connectivity. Electricity trading with Pakistan is part of a larger plan of a South Asian transmission link, which will help countries in the subcontinent harness energy potential of the region, it said. "The two countries have reached a...
Chhattisgarh to stay power-cut-free state for 20 yrs: Raman Singh, Chief Minister…
Providing the cheapest energy to consumers, mineral-rich Chhattisgarh will remain a no-power-cut state for the next 20 years, Chief Minister Raman Singh has said. "There is no power cut (today) and there will be no power cut in Chhattisgarh in the next 20 years - be it industry, agriculture or domestic sector," Singh said. The young state, which was created out of Madhya Pradesh eight years ago, would add power generation...
Power situation improves in Orissa, yet 3-hour cut must…
The deficit energy situation in the State leading to unscheduled and frequent power cuts has, in the meantime, improved to some extent with the Energy Department now holding that to manage the situation for a few days more it has to continue with minimum three hours of power cut daily - two hours during day time and one hour at night. The problem started with drastic reduction of power generation at the thermal power units...
'Civil nuclear deal key to India-US prosperity'…
Observing that completing the civil nuclear deal is central to the long-term prosperity of India-US relationship, the Obama Administration said ensuring a level-playing field for its companies in India's civil nuclear industry is its top priority. "Completing the US-Indian civil nuclear cooperation partnership is central to both our nations' long-term prosperity and India's future energy security," the State Department...
CIL appoints PFC to select a suitable partner and operator for its proposed 1,600-MW power project in Orissa…
Mining major Coal India said it had appointed the Power Finance Corporation to select a suitable partner and operator for its proposed 1,600-MW power project in Orissa. "We have appointed PFC to identify a partner for management of power plant at a tariff based pricing system," Coal India (CIL) Chairman N C Jha said. "We are looking for a 50:50 JV with the partner," he added. CIL had mooted the 1,600-MW coal-based...
Chhattisgarh to add 1,500 MW by 2012 - To raise its power generation capacity to 3,424 MW from the current 1,924 MW…
Coal-rich Chhattisgarh will add 1,500 MW electricity by 2012 that will raise its power generation capacity to 3,424 MW from the current 1,924 MW, official sources said on Tuesday. "The work on 1,000 MW power project at Marwa-Tendubhata in Janjgir district and 500 MW Korba West power project are going on at war-footing and both projects will begin generation by 2012. It will raise Chhattisgarh Government's power generation...
Coal India open to utilise up to one-fourth of its projected Rs 600 billion cash reserve as of March 2012…
Coal India Ltd has told the Union Government that it is open to utilise up to one-fourth of its projected Rs 60,000 crore cash reserve as of March 2012, to help the Centre mitigate the fiscal deficit; provided the company is 'assured' of a return, not less than the existing interest income from such reserves. CIL earned an int erest income of nearly Rs 1,800 crore in the July-September 2011 quarter from a cash reserve...
Subscribe to:
Posts (Atom)
