Essar Power's over Rs 11,000 cr investment awaits mining approvals...

  Within a month after the Comptroller & Auditor general (CAG) tabled the coal block allocation report in Parliament in August last year, the Central Bureau of Investigation filed a first information report (FIR) against Hyderabad-based Navabharat Power Private Limited for the coal block allotted to it in Odisha in January 2008....

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Increased buying from discoms improve sale of RECs...

  After months of tepid trading, sale of 'Renewable Energy Certificates' (RECs) at the power trading body India Energy Exchange (IEX) witnessed a rise in the current trading session. The trading session at IEX featured trade of 98,921 non-solar and 6,548 solar RECs with supply far exceeding demand. However, the trading session...

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CERC to hear Adani Power compensatory tariff issue on Nov 13...

  Electricity regulator CERC on November 13 will hear Adani Power's plea seeking increase in tariff from its thermal power plant in Gujarat due to rise in price of coal from Indonesia. Adani PowerBSE 1.08 % had petitioned Central Electricity Regulatory Commission for evolving a mechanism to meet the escalation in fuel cost due to...

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Suzlon's internation arm REPower renamed as Senvion...

  Suzlon Energy has renamed its German subsidiary REpower Systems as Senvion with effect from 2014, the wind turbine maker said Thursday. REpower has been using its name under licence since 2001. The rights belong to a Swiss company that is now using this name itself. Therefore the external corporate design will be gradually changed,...

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New Generation Power’s Consortium to be Awarded 315 Megawatt Power Purchase Agreement in India...

  New Generation Power, a Chicago based renewable energy company, along with Premier Solar Group, a Hyderabad based solar company has signed one of the largest Power Purchase Agreements (PPA) in India by a consortium. Under the Andhra Pradesh Solar Scheme, the open bid process will now be part of a 1,000 megawatt (MW) development...

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Vikram Solar tops Gujarat solar plants performance ranking...

  Vikram Solar, a leading global manufacturer of solar photovoltaic(PV) modules and EPC contractor, has been championing the use of efficient and sustainable solar energy. Its efforts are setting new standards in the industry as an independent research has confirmed. “Sunrise in Gujarat” report by RESolve Energy Consultants, Chennai,...

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Southern Railway plans to set up windmills in Nellai district...

  The Southern Railway is toying with the idea of setting up windmills in the district in a bid to draw on alternative energy to trim its annual electricity bill. General Manager, Southern Railway, Rakesh Mishra told reporters on Tuesday that a comprehensive project report on installing windmills was under preparation. Mr. Mishra,...

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PFC to raise Rs.1.5 Billion through bonds

    India's Power Finance Corp invited bids on Wednesday to raise at least 1.5 billion rupees ($24.43 million) through an issue of subordinate tier II bonds, a termsheet showed. The firm has sought bids for coupon rates for its proposed 12-year bonds, as per the document. The issue is scheduled to open and close on Nov.7....

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Load shedding resumes in Coimbatore as winds drop...

  The city witnessed two hour load shedding on Tuesday as wind energy generation dropped. Officials of the Tamil Nadu Generation and Distribution Corporation told on Tuesday that two hour load shedding was implemented in rotation across the city from 7:40am. Usually, hydro generation picked up in the evening hours and wind energy...

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Industry miffed as Maharashtra Electricity Regulatory Commission allows higher cross subsidy charge...

  In what may be a gain for farmers, but a loss for the manufacturing sector, Maharashtra Electricity Regulatory Commission (MERC) has approved a hike in cross subsidy surcharge (CSS) from Rs 1.18-1.60 per unit to Rs 2.30-2.75 a unit respectively. This has left the industries miffed. CSS is a charge levied from the industry when...

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Power Grid to invest Rs 2,820 crore in four projects...

  State-owned Power Grid Corp today said its board has investments worth Rs 2,820.04 crore for four projects. The power transmission major would invest Rs 1,364.52 crore in "Eastern Region Strengthening Scheme-V" project, with commissioning expected in 30 months, according to a regulatory filing. Besides, the company would pump...

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