Meet this week to discuss proposal to increase 2013-14 wheat MSP by Rs 100

Riding high on NMDC stake sale garnering Rs 6,000 crore, the Cabinet is expected to discuss on Saturday a proposal to sell 12.5 per cent of its 92.5-per cent stake in state-run Rashtriya Chemicals and Fertilizers Ltd (RCF). Officials said the Cabinet is also expected to discuss a proposal from the agriculture ministry to raise the minimum support price (MSP) of wheat for the 2013-14 crop marketing season, which starts from

Merchant power plants based on captive coal might soon feel the pressure to enter into power purchase agreements (PPAs) for selling electricity as states return to market for power procurement through the tariff bidding route.

Companies such as Jindal Power, which are selling cheaper power generated from captive coal in the free market, have so far dodged compliance with the coal ministry's directive to sign PPAs by citing lack of tender for power purchase by states.

New Delhi: Seeks halting of work on 1,980-MW plant in coal-bearing area of Jharkhand

The coal ministry has contested the suggestion made by a group of ministers (GoM) to allow NTPC to set up a 1,980-MW power plant in the coal-bearing area of North Karanpura in Jharkhand. Moving a Cabinet note, it has sought directions to the PSU to halt work on the project and move to a non-coal-bearing area in the state. The ministry has also approached the PMO for necessary directions.

The first of the (2x600-MW) thermal power plants of the Damodar Valley Corporation (DVC) at Raghunathpur in the State’s Purulia district, which was delayed by over 18 months due to land acquisition problems, will be commissioned by March 2013, senior officials of the company said here on Sunday. The second unit will be commissioned six months later.

The project has been delayed mainly because of the non-availability of land for the construction of water pipeline for the project from Panchet Dam about 10-km from the project site.

The 800-MW Kol Dam hydro power project on the Sutlej being executed by the National Thermal Power Corporation (NTPC) here is running behind schedule by five years, that has shot up its cost by abou

The Supreme Court has refused to grant a stay on a Calcutta High Court order that bars the electricity regulator from fixing provisional tariffs for new power units.

Power plants producing 50,000 mw, or nearly a quarter of India’s total capacity, will have to cut tariffs as the Calcutta High Court has said regulators cannot fix provisional tariffs for new units

The Brahmani river here is facing pollution threat.

Though the work at 5-MTPA Kochi terminal is likely to be completed in the current fiscal (FY13), the non-availability of pipeline infrastructure will limit the benefits

Petronet LNG has gained more than 32 per cent since the closing lows of Rs 122.77 in May 2012. The rise comes on the back of benefits accruing to the company from the steady rise in demand for gas. The supply, however, has been limited given the falling production from the Krishna Godavari (KG) basin. The company’s volumes have risen 6.3 per cent to 135 Trillion British Thermal Units (TBTU), or 2.6 MT (million tonnes), in the September 2012 quarter, as compared to 127 TBTU in the June 2012 quarter.

State-run NTPC has decided to sign fuel supply agreements (FSAs) with Coal India in a month, without any major change in the norms of draft FSAs.

Both firms decided to bury differences at a meeting in Kolkata on Monday between the chiefs of the public sector undertakings, S Narsing Rao of CIL and Arup Roy Choudhury of NTPC. “Both parties have discussed various issues. Many of the problems can be thrashed out and the FSAs can be signed in a month,” Roychoudhury said. Rao said the Kolkata-based coal major will not go for a change in the revised draft FSAs, cleared by its board in September. In January, a meeting will be held in this regard to sign FSAs.