Company hopeful of bringing 3 operation ready projects on stream shortly, completing its Rs 50,000 cr power investment cycle set in motion 5 yrs back

London-listed metals and mining conglomerate Vedanta Resources Plc expects its operational power generation capacity in India to jump by half to 10,000 Mw within a year. The $15-billion group is hopeful of bringing three operation-ready projects on stream shortly, completing its Rs 50,000-crore power investment cycle set in motion five years back.

Bids invited based on production-linked multiple; company quoting the highest multiple to become preferred bidder

Amid controversy surrounding the allocation of coal blocks to private companies, the Union Cabinet on Tuesday gave its approval for new allocation policies that would govern the auctioning of coal reserves and shale gas acreages in the future.

Company says Rs 1,000 crore came from sales of diesel generator sets during last financial year

Noida-based Jakson Power Solutions Ltd today launched India’s first mobile solar power generator sets and solar water purifiers. The company aims at garnering Rs 200 crore revenue from the new products over the next three years.

R-Power, Essar could be hit as state mulls benefit-sharing levy for ecology loss

In yet another case of a state government asserting its right on natural resources, Madhya Pradesh is set to issue notices imposing a new environmental benefit-sharing levy on mining companies operating in the state. This could spell more trouble for captive coal mine operators, already grappling with issues of green clearances.

Once commissioned, the plant will add 1,600 Megawatt to the company's portfolio

Following its move to shift its flagship Gadarwara project from Odisha to Madhya Pradesh, power generator NTPC has crossed a major hurdle by securing the environment ministry’s approval for the Rs 11,640-crore power plant. Once commissioned, the project would add 1,600 Mw to the company’s portfolio.
As the ministry’s environment clearance was on the condition that the project be set up as a role model, NTPC has quickly moved to source equipment and fuel for the project.

NTPC has thrown up two new demands relating to acceptable quality and losses during transport of coal under the new Fuel Supply Agreements

The battle between energy giants Coal India Ltd (CIL) and NTPC Ltd over the issue of fuel supply pacts does not seem to be nearing an end. The latter has put forth two new demands — concerning the acceptable quality of coal and losses during transport — under the new fuel supply agreements (FSAs). Though CIL has trashed these as “absolutely baseless”, the new demands are set to derail the government’s efforts to free huge investments stuck due to coal shortage.

Cyrus Mistry, Anil Ambani and Chanda Kochhar on the 22-member advisory panel

Power sector heavyweights including, Tata Group Chairman Cyrus Mistry and ADAG Chairman Anil Ambani, along with top bankers, will meet power minister Jyotiraditya Scindia tomorrow to discuss issues hurting fresh investment running into lakhs of crore in the sector. This will be the first meeting of a 22-member advisory panel for the power sector.

The Union coal ministry has floated a Cabinet note seeking approval of the Cabinet Committee on Investment ( CCI) to free investments worth Rs 1,347 crore stuck in coal mines stuck due to lack of environment clearances.

The coal ministry and the Ministry of Environment and Forests ( MoEF) have jointly identified 12 projects ,which were stuck for want of green clearances and where approvals can be given quickly.

Units with a combined capacity of 16, 000 Mw to be affected

Coal-based power plants with 16,000 Megawatt (Mw) capacity, entailing an investment of more than Rs 80,000 crore, are unlikely to get the benefit of coal price pooling. The coal ministry has said these projects would be kept out of the pooling mechanism, since they came up without any firm long-term linkage from Coal India Ltd (CIL).

Guj CM had written a series of letters to PM since June 2010 seeking additional coal blocks for Guj Mineral Dev Corp

The Centre has turned down Gujarat government requests for coal blocks. Gujarat Chief Minister Narendra Modi had written a series of letters to Prime Minister Manmohan Singh since June 2010 seeking additional coal blocks for Gujarat Mineral Development Corporation (GMDC) and allocation of an alternate coal block for the state-run company.