Congress general secretary Rahul Gandhi

The Environmental Impact Assessment (EIA) report on the basis of which conditional environmental clearance for the proposed 450-MW Hankon thermal power project was granted is riddled with flaws, the report of a central committee reveals.

As many as 15 firms have shown interest in the 1,320 MW Rajpura thermal plant project after an appeal by its earlier lone bidder Lanco calling for acceptance of its negotiated bid by the Punjab State Electricity Board (PSEB) was rejected by the Appellate Tribunal for Electricity.

Hemas Power, a subsidiary of Hemas Holdings PLC, announced an Initial Public Offering for 31.3 million ordinary shares which will be listed in the Colombo Stock Exchange hoping to raise between Rs. 532 million and Rs. 626 million to fund projects in non-conventional renewable energy generation.

THE government

In its quest for securing coal reserves, state-run behemoth Coal India Limited (CIL) has built a Rs 5,000-crore war chest to acquire overseas coal mines and meet the growing demand from steel and power companies.

LUCKNOW: Aware of the ever-escalating power crisis in the state, the energy task force (ETF) headed by chief secretary Atul Kumar Gupta has given its nod to set up two more thermal power stations in the state.

A Chinese state-run company, Shenhua Group Corporation, which had rolled back its plan in 2006, is likely to invest $1.5 billion for setting up 1,000 Megawatts coal-fired plants, it is reliably learnt.

The Sindh government had started re-establishing contacts with the Chinese firm and was giving assurances that no hindrance would be put in place in the project, sources told Business Recorder.

The natural gas industry has enjoyed something of a winning streak in recent years. It found gigantic new reserves, low prices are encouraging utilities to substitute gas for coal, and cities are switching to buses fueled by natural gas.

Aubrey McClendon of Chesapeake Energy blamed

Mega Plants May