The government is considering reducing the tenure of power purchase agreements (PPAs) for future gas-based projects by 10 years and reviewing the deals every five years on basis of fuel availabilit

Rajasthan govt issue fraud certificates to Cong MP for solar projects

Current Indian investment may not be hit immediately

The Australian government’s move to impose 30 per cent tax on coal mining and iron ore profits might not affect any Indian investment in that country immediately, but could have an impact on Indian companies, including state-run mining major Coal India Limited (CIL), which are scouting for assets Down Under.

Tata Power on Monday synchronised the second unit of its Maithon power project in Jharkhand. With this 525 megawatt (Mw) unit, the company has a total power generation capacity of 5,297 Mw, making it the country’s largest private sector power generating firm.

The Maithon project's first unit was commissioned in September 2011. It is a 74:26 joint venture between Tata Power and Damodar Valley Corporation. “The synchronisation of Maithon unit-2 today is a significant milestone.

New Delhi A committee, set up by the government to probe alleged irregularities in the solar mission project bidding, has questioned top executives of companies facing charges of fronting for Lanco Infratech.

The Centre for Science and Environment (CSE) recently accused Lanco Infratech of flouting rules for bagging projects under the national solar mission, a charge the company has refuted.

New Delhi The coal-rich Jharkhand state is set to get a second ultra mega power project (UMPP) soon, with the power ministry clearing a project in Deogarh district, sources said.

This will be the seventh UMPP to be launched in the country. Major industry players like Tata Power, Lanco, Adani, JSW Energy, Indiabulls, Jaiprakash Group as well as public sector generator, NTPC, are expected to participate in bidding for the project which would offer a R20,000 crore investment opportunity.