Gas-hit Lanco seeks govt help to save AP power project...

  Invoking its rights under the company laws, infrastructure major Lanco has rushed to the ministry of power and the corporate affairs ministry, urging them to suspend two key provisions in the accounting standards (AS) to save its gas-based Kondapalli power project in Andhra Pradesh, which has come to a standstill after a complete...

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Tamil Nadu takes Centre to SC for not re-classifying forest land for 1,500 MW thermal power...

  The Tamil Nadu government has approached the Supreme Court against the Centre for not re-classifying forest land for a 1,500-Mw thermal power project at Tuticorin. The project is joint venture between the Tamil Nadu Electricity Board (TNEB) and Neyveli Lignite Corporation (NLC). Chief minister J Jayalalithaa said the Congress-led...

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India's Power Grid wins tender to manage Ethiopian power co....

  Ethiopia is to outsource the management of the Ethiopian Electric Power Corporation (EEPCo) to Power Grid Corporation of India Ltd (PGCIL), a company owned by the Indian government. PGCIL has won the tender floated by Ethiopia's Ministry of Water, Irrigation and Energy. Gosaye Mengeste, director in the ministry, told IANS that...

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Industry unhappy with govt plans for Chinese power equipment firms...

  The government’s latest plan to have Chinese companies set up power equipment service centers in India does not seem to have gone down well with the domestic industry. Indian manufacturers are concerned over losing market share in the absence of what they call “level playing field” to compete with Chinese manufacturers. “A level...

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Power Grid FPO next month...

  Power Grid Corporation of India is preparing for its planned follow-on public offer (FPO), with a hope that the offer could be launched as soon as next month. The government-run transmission utility giant on Thursday said that all the required procedures for the FPO had already been completed, and that it was just waiting for Cabinet's...

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Power reforms saved state Rs 1,000 cr a year, says Odisha govt

  Countering the criticism of failed power sector reforms in Odisha, the state government today said the measures taken to improvise power distribution system has resulted in saving of about Rs 1,000 crore per year. "When OSEB (Odisha State Electricity Board) was disbanded, it used to get a grant of Rs 250 crore per year then. Considering...

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