An environment ministry panel has cleared power projects with total proposed capacity of 5,674 mw. Developers will now need clearance from the environment ministry to start work.

RAIPUR, 7 MARCH: Blame it on a flawed policy, India is set to shed about 40,000 acres of its prime double-crop agriculture land to dozens of upcoming power projects in a district that is billed having the country

DB Power is close to raising . 2,625 crore to part-finance its mega power project in Chhattisgarh. The DB Corp subsidiary is developing a 1,200-mw coal-fired mega power plant in the state at an estimated cost of . 3,500 crore. It is raising 75% of the project cost as debt.

The company hopes to sign the credit deal in the next two weeks, with SBI as the sole debt arranger and syndicator.

New Delhi: Union environment minister Jairam Ramesh would dilute environmental norms to allow 16 coal projects to take off, coal minister Sriprakash Jaiswal said on Tuesday.

Jairam Ramesh had not taken a decision by the evening but he wrote a letter to Prime Minister Manmohan Singh apprising him of the meeting between the two.

THE Lanco Group will invest . 3000 crore to set up a solar photovoltaic manufacturing unit with an annual capacity of 250 MW for local sales and exports to Europe and USA, a company official said.

The plant, at Rajnandgaon district in Chhattisgarh, would be set up in two phases by Lanco Solar , a special purpose vehicle of Lanco Infratech.