Italian Gearbox maker, Bonfiglioli, planning to set up another plant in Chennai…

Power India found that Bonfiglioli Transmissions (the Italian gearbox maker) is planning to set up its second plant at Sriperumbudur near Chennai.   Bonfiglioli has already invested around Rs. 60 Crores in a facility and the another proposed facility along with an R&D unit will need investment amount of roughly Rs. 40 Crorers....

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Coal Ministry directed CIL Subsidiaries to supply coal through MOU route till FSA related issues are resolved…

  Power India found that the Coal Ministry has issued a directive to Coal India and its subsidiaries to supply coal through the Memorandum of Understanding (MOU) route to the power plants which have been commissioned this year till the issues related to Fuel Supply Agreement (FSA) are resolved.   According to the Economic Times,...

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IFC to finance Rs. 750 Million equity to SunEdison…

Power India found that International Finance Corporation (IFC), is planning to invest around Rs. 750 Million equity to SunEdison along with possible funding of Rs. 2.9 Billion depending upon certain future conditions.    The funds are intended to support the growth,development and construction of SunEdison’s PV power projects...

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Coal Ministry backed the Power Producers’ demand of review of new FSA of Coal India…

Power India found that Coal Ministry has backed the Power Developers’ – Reliance Power, NTPC and India Bulls etc – demand for review of the new Fuel Supply Agreement (FSA) Proposed by Coal India Ltd (CIL).   Most the Power Developers has argued that the FSA proposed by CIL is having too many escape clauses and heavily loaded against...

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Chhattisgarh is set to become a national power hub…

Power India found that Chhattisgarh is one of the few States of India where Power sector is effectively being developed.   Based on the current production of surplus electric power, position of the State is comfortable and profitable.   The Chhattisgarh State Electricity Board (CSEB) is in a strong position to meet the electricity...

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