There has been no violation of policy guidelines for implementation of schemes under Jawaharlal Nehru National Solar Mission, the Government today informed Rajya Sabha.
Gurgaon-based infrastructure firm Lanco Infratech said it will sell 300 MW power from its first domestic coal-fired plant — Lanco Amarkantak — in Chhattisgarh to Madhya Pradesh after the state’s re
Notwithstanding the claims of the Punjab Government on having taken a major initiative for augmenting power generation, the fate of the three upcoming thermal plants, with a combined capacity of 5,
After prolonged litigation and arbitration proceedings, Lanco Infratech will be entering into a fresh agreement with the Madhya Pradesh government for supply of the entire 300 Mw power from its Korba power plant in Chattisgarh. The state has agreed to waive the rate ceiling for power to be supplied from the plant, after the two sides reached a settlement through arbitration.
The company had commissioned the plant two years before at a cost of Rs 1,350 crore and was forced to sell it to Punjab in a short-term contract after it found the Rs 2.25 a unit ceiling on power rate was unviable.
Udupi Power Corporation Limited (UPCL), a subsidiary of Lanco Infratech Ltd, has commenced commercial operation of its second unit of 600 Mw in Udupi district of Karnataka. The company had synchronised the second unit a month ago with the grid and was waiting for the completion of 400 Kv transmission line between Nandikur and Hassan.
According to Panduranga Rao, Director and CEO, UPCL, the power project was completed about one and a half years ago and there was no evacuation of power due to the absence of 400 Kv transmission line.
FIRs against 5 companies, raids in 10 cities, captive block holders face charges of misrepresentation of facts, criminal conspiracy & cheating
After the telecom scam, the Central Bureau of Investigation (CBI) has turned the heat on the allocation of coal blocks. It has registered FIRs against 20 accused, including five private companies, their directors and unknown government officials for misrepresentation of facts during allocation. The agency is likely to register more FIRs.
New Delhi Top executives of private power companies such as Tata Power, Reliance, Lanco and Torrent Power met Union power minister Veerappa Moily on Friday to seek his intervention to ensure a speedy resolution to pending fuel issues relating to the sector.
A huge generation capacity is facing the prospect of being stranded due to shortage of fuel — both coal and natural gas. Developers feel the resolution of fuel issues would help boost sagging investors' confidence in the sector.
With investment running into thousands of crores of rupees languishing due to fuel supply constraints for power plants, a mega delegation comprising heads of 24 private sector power companies will meet Power Minister M Veerappa Moily on Friday.
Private companies contributed 26 per cent — Rs 166,000 crore — of the total expenditure of Rs 618,000 crore in the power sector during the eleventh Plan period. The government wants private sector’s contribution to the overall funding in the sector to go up to more than a half over the next five years.
New Delhi As many as 50 of the 57 captive coal blocks allocated to private firms, which are at the centre of a row over a damning CAG report, haven’t yet got various other statutory clearances.
Entering another important segment of the natural gas business, Reliance Industries Ltd and BP India are in talks with gas-starved power projects of Andhra Pradesh to supply long-term liquefied natural gas (LNG).
India Gas Solutions (IGS), the equal joint venture between the two companies, is looking to sell LNG to five power producers in Andhra Pradesh — GMR, GVK, Lanco Infratech, Sravanthi Energy and Konaseema Gas — and would give them term sheets in the next few days.
