Power Ministry awaits comments on hiving off POSOCO...

  Hiving off electricity grids operator POSOCO into a separate company is likely to take some more time with the Power Ministry yet to complete inter-ministerial consultations on the proposal. Power System Operation Corporation (POSOCO), which ensures integrated functioning of regional and national electricity systems, is a wholly-owned...

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FinMin seeks gas allocation details from Power Ministry...

  The Finance Ministry has sought from the Power Ministry details of fuel allocation to gas- based plants before giving its nod to pool prices of imported and domestically produced natural gas. "Ministry of Finance has asked us to provide the gas allocation list of power plants and also the ones which have signed PPAs (Power Purchase...

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NGOs want World Bank out of Tata project...

  Over a hundred non-governmental organisations focused on environmental and social issues have demanded the World Bank withdraw assistance to a 4,000 Megawatt power project operated by Tata Power at Mundra in Gujarat. This comes days after the Ombudsman for International Finance Corporation (IFC), the Washington-headquartered investment...

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NEEPCO to execute Kurung Kumey Hydro Power project...

  The Arunachal Pradesh government has allocated the 330 MW Kurung Kumey Hydro Power project to the North East Electrical Power Corporation (NEEPCO) for execution. The state cabinet in its meeting on November 1 also approved setting up of a Gas Power Plant at Miao in Changlang district and a Nursing College at the state capital,...

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Exempt UMPP from compensatory afforestation clause, says power ministry...

  The power ministry plans to give a shot in the arm for ultra mega power projects and has approached the Cabinet to exempt the plants from a key provision of the Forests Act, 1980, that requires companies to identify land for mandatory compensatory afforestation. To facilitate this, the ministry has approached the Cabinet Committee...

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Debt woes set to bedevil India’s power sector...

  One sector that analysts predict will be a significant source of bad loans is India’s power sector. Observing a huge need in this electricity-starved nation, several new players have entered the market in recent years to build power plants. However, many of these companies set up new projects without lining up the fuel supply...

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