Sources say the cost of setting up the power plant is Rs 5,000 cr; the project has already received forest and defence nod

Jindal Steel and Power (JSPL) is known to be in talks to purchase a 1,320-megawatt coal-based power plant at Nellore, Andhra Pradesh, that belongs to Hyderabad-based Kineta Power.

The company already provides engineering, procurement and construction (EPC) services to those who wish to set up solar energy capacity

The Welspun group’s energy business has plans to set up solar energy parks across four states. The company has begun work on acquiring land for a 100 Mw one in Rajasthan. It would need around 500 acres.

The combined capacity of the three power projects in Arunachal Pradesh is about 5,500 Mw

Jindal Power Limited (JPL) has assured its three hydel power projects, in a joint venture with Hydro Power Development Corporation of Arunachal Pradesh Limited (HPDCAPL), are on track. This follows the company's deal with the state government to pick up 49 per cent stake in HPDCAPL being cancelled.
"JPL and HPDCAPL continue to hold 74 per cent and 26 per cent, respectively, in the three project companies for Etalin, Attunli and Kamala projects. What has been reversed is the agreement by which our group company had acquired 49 per cent shareholding in HPDCAPL by mutual understanding," Jindal Power said, in response to a questionnaire sent to the company.

Tata Power Co Ltd, India’s largest private power producer, is looking at bidding for projects in countries with easy regulatory norms, with South and West Asian nations being high on the priority list, a top official said.

The company has already set up a crack team of “seed staff”, which is looking for the “right environment” where the company can bid for projects, Anil Sardana, managing director of Tata Power, told Business Standard.

GMR Infrastructure has put the development of its Rs 7,000-crore power project at Shahdol, Madhya Pradesh, on the backburner, thanks to coal shortages.

The company acquired this 1,370-Mw project from SKJ Powergen in 2009. It was to be commissioned in 2014. “Private power producers are so much bruised on Thursday, they do not dare to set up anything new. No one can put up any capacity in this kind of situation,” said A Subba Rao, chief financial officer of GMR.

Current Indian investment may not be hit immediately

The Australian government’s move to impose 30 per cent tax on coal mining and iron ore profits might not affect any Indian investment in that country immediately, but could have an impact on Indian companies, including state-run mining major Coal India Limited (CIL), which are scouting for assets Down Under.

The Karnataka government is in talks with Indian and international energy companies to arrange gas for three power plants for which it is planning to seek bids. Currently, it is in talks with GAIL India and Hindustan Petroleum Corporation Ltd (HPCL) to procure about 26 mmscmd for a total gas capacity of 2,100 Mw.

According to a person close to the development, after the government ties up the gas, it would approach private power producers to bid for these three power plants. Neither HPCL nor GAIL responded to e-mailed queries.

Lanco Infratech is known to be in talks with international energy majors like AES of United States and Gaz de France to sell a part of its power business. The company had recently said it planned to sell a minority stake in its power business and raise $600-$750 million (Rs 2,940- Rs 3,675 crore).

“We have gone on record about the fact that we retained Macquarie to help raise equity for Lanco’s power business. This involves talking to various investors interested in the Indian power sector over a considerable period of time, which may include the names mentioned

Mahanadi Coalfields Ltd (MCL), an arm of Coal India Ltd (CIL), plans to set up a 1,600-Mw power plant in Orissa with an investment of Rs 9,000 crore. The pithead plant would be fed by the company’s stranded coal asset near the Ib valley in Jharsuguda, Vasundhara, said a person close to the development. MCL will develop the coal block on its own.

Private equity firms concerned about falling returns and project delays
The infrastructure sector remained a favourite of private equity (PE) investors in the year gone by. With deals worth $4 billion being closed, the sector saw four-fold growth in PE investments.

However, things have become quite uncertain.