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In a strong penal action, the Madhya Pradesh Government has debarred Lanco Power and other Lanco Group firms from bagging contracts or business in the State for a period of five years.

Want liability exclusion in case laws change abroad oppose tariff renegotiation after bids are opened

A power producers’ group has demanded clauses to offset changes in international laws, with regard to ultra mega power project contracts, while opposing tariff renegotiation after the financial bids are opened.

The enquiry into the Lanco Infratech case is going on, said Mr Farooq Abdullah, Minister for New and Renewable Energy, on the sidelines of an Assocham conference.

Solar projects that feed power into the grid and are available to their full capacity will be considered as commissioned under the National Mission.

CSE study shows that wind energy business often subverts the purpose for profit, and wind farms do not generate energy

It was a trade exhibition abuzz with the restrained chatter of busy suited executives at company stalls making contacts and finalising deals. Nothing out of place — except that this trade was in renewable energy technologies, which have unconventional reasons for growth.

KG Basin output likely to decline to 27 mmscmd from 35-36 mmscmd.

Lanco Infratech is known to be in talks with international energy majors like AES of United States and Gaz de France to sell a part of its power business. The company had recently said it planned to sell a minority stake in its power business and raise $600-$750 million (Rs 2,940- Rs 3,675 crore).

“We have gone on record about the fact that we retained Macquarie to help raise equity for Lanco’s power business. This involves talking to various investors interested in the Indian power sector over a considerable period of time, which may include the names mentioned

NVVN recovers Rs 28 crore from erring firms. Acting tough on companies that did not commission solar power projects on time, NTPC Vidyut Vyapar Nigam (NVVN) Limited has encashed a part of bank guarantee of 14 of them. The companies were awarded projects under batch one of the first phase of Jawaharlal Nehru National Solar Mission (JNNSM). The last date of commissioning was January 9. About Rs 28 crores have been encashed from these firms located in Rajasthan, Odisha, Andhra Pradesh, Karnataka and Tamil Nadu.

NTPC Vidyut Vyapar Nigam (NVVN) has come down heavily upon 14 project developers for failing to meet the commissioning deadline under the first batch of phase I of the national solar mission.

New Delhi NTPC Vidyut Vyapar Nigam (NVVN), the nodal agency for implementing the National Solar Mission, has encashed the bank guarantee of 14 developers who failed to meet the commissioning deadli