Subhash Narayan NEW DELHI

Mumbai: The beleaguered Gujarat Mineral Development Corporation (GMDC), which has seen its scrip fall sharply in September, is facing the dark shadow of Lehman Brothers over its power project in Chattisgarh. GMDC has a joint venture with KSK Energy to set up a 1800 MW coal-based power project at Korba. Almost 30% of equity in the Hyderabadbased KSK is held by the fallen US financial giant.

New Delhi Signs Pact With Bogota To Facilitate ONGC, OIL, Gail & RIL To Acquire Oil & Gas Assets
Our Bureau NEW DELHI

INDIA has strengthened its ties with the fifth-largest oil-producing country, Colombia, by signing an agreement that would facilitate public sector ONGC and Oil India (OIL) to acquire oil and gas assets in that country. Colombia has also invited Indian companies, including Gail (India) and Reliance Industries (RIL), to invest in its refining sector.

This study aims to reveal Sub-Saharan Africa

Sudheer Pal Singh / New Delhi August 21, 2008, 0:23 IST

Central Electricity Authority data reveal that orders for some higher capacity (500-800 Mw) equipment have not been placed

India is set to miss the 11th Five-Year Plan's power capacity addition target as some orders for higher-capacity equipment have not been placed yet.

Experts say even if the orders are placed today, it is not possible to commission the equipment within the 43 months that remain of the current Plan period, which ends in March 2012.

Petrol price hiked again: Pakistan

The Hyderabad Electric Supply Company (Hesco) is planning to establish 16 new grids stations in different parts of Sindh so as to ensure uninterrupted power supply to consumers, said the Chief Executive Officer of Hyderabad Electric Supply Company, Guftar Anjum.

Gas shortage has been worrying electricity officials, foreign financiers and private entrepreneurs about the future of power plants, already in the pipeline or even in operation.
Many cannot rest assured of required gas supply to power plants despite having prior assurance with Petrobangla as the country has been passing through its worst gas crisis in decades.
Some are planning to switch over to dual-fuel system so that diesel or furnace oil could be used for keeping the plants operational in case of gas failures, power officials said.

Tata Power acquires 26% in Bhutan hydro project

Mumbai: Tata Power on Monday said it has acquired 26% stake in 114 MW hydro-power project and will deliver the generated power at the India-Bhutan border. The company has bought 26% stake in the project, while Tata Power trading has negotiated to purchase all the power generated from the project, the private sector power utility said in a filing to the Bombay Stock Exchange.
"Tata Power Trading will off-take power from the project for a period of 25 years and the power will be delivered at India-Bhutan border,' it added.

The Private Power Infrastructure Board (PPIB) has barred the Sindh government from entering into any joint venture with investors for a 1000 MW coal-fired power plant without prior consultation with the power purchaser, well-placed sources told Business Recorder.

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