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August 7, 2013

Adani Group in race to buy Stemcor India assets...

  Adani Group, in line with Tata Steel, JSW and JSPL, is planning to participate in the auction of the coal assets of Stemcor India which are valued at around USD 800 Million. Adani Group, having primary interests in coal, power and port sectors, has already evinced interests to buy Stemcor India assets with Stemcor management in...
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GE & First Solar to enter into Technology & stake sell and purchase agreement...

  General Electric (GE) and First Solar have decided to join their competing thin-film solar panel technologies in an effort to improve efficiency and decrease costs. First Solar is the world's largest producer of thin-film panels and among the world's largest solar farm developers. GE's thin-film technology has performed well in...
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NTPC, L&T kin on picking up stake in OTPCL's 2,400 MW Power Project...

  It seems that National Thermal Power Corporation Limited (NTPC) as well as Larsen & Toubro (L&T) are interested in picking up stake in the 2,400 MW Power Plant proposed by the Odisha Thermal Power Corporation Limited (OTPCL). OTPCL, which is a Joint Venture between Odisha Mining Corporation (OMC) and Odisha Hydro Power...
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BHEL won 103.5 MW order for Gas Turbine Generator from BPCL for its captive power plant...

  Bharat Heavy Electricals Limited (BHEL) won a contract for supplying the Gas Turbine Generator package from Bharat Petroleum Corporation Limited (BPCL) for its energy efficient and environment-friendly co-generation captive power plant at Kochi Refinery in Kerala The contract is valued at around Rs. 2650 Million, and envisages...
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R-Power & Tata Power opposes the proposed changes in the Standard Bidding Documents for Power Projects...

  Reliance Power Limited & Tata Power have opposed the recent changes proposed by the government over Standard Bidding Documents (SBDs).   According to both the leading private power sector companies any drastic changes in SBDs would make it difficult for them to put competitive bids under proposed new norms.   As...
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Wind Developers demands better grid before following to CERC's forecasting regulations...

  Wind power producers who were recently directed by the Central Electricity Regulatory Authority (CERC) to give day-ahead forecast for power generation have asked the Power Ministry to first resolve the issue of grid stability and build required transmission infrastructure for evacuation of wind power. The Central Electricity Regulatory...
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UP Government to invest Rs. 2,300 Crores for solar projects with eight firms...

  Uttar Pradesh Government is planning to enter into agreements worth Rs. 2,300 Crores with eight firms for the solar power projects in the state. The New & Renewable Energy Development Authority (NEDA) which is a state nodal agency for the renewable energy development has signed Memorandum of Understanding (MoU) with National...
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