power sector

GDP growth will return to 9 percent: Moily


September 18th, 2012 - 9:28 pm ICT by IANS
Mumbai, Sep 18 (IANS) Power Minister Veerappa Moily Tuesday said that the country's GDP growth would soon return to 9 percent as the power sector is set to deliver a ... Read more...

Posted in Politics |

Essar denies wrongdoing in acquiring Navbharat power


September 5th, 2012 - 10:33 pm ICT by IANS
Mumbai, Sep 5 (IANS) Energy major Essar Power Wednesday denied any impropriety in its acquisition of Navbharat Power, one of the five companies against whom the CBI has filed an ... Read more...

Posted in Business |

CAG unravels Rs.14,000 crore cost overruns in hydro projects


August 31st, 2012 - 8:46 pm ICT by IANS
New Delhi, Aug 31 (IANS) Delays in implementing 16 hydro power projects by four state-run generators, including NHPC, resulted in cost overruns of more than Rs.14,700 crore, India's official auditor said ... Read more...

Posted in Business |

Smart grids and meters can prevent blackouts, says expert


August 30th, 2012 - 6:21 pm ICT by IANS
New Delhi, August 30 (IANS) India needs smart grids that can prevent recurrences like the worst power blackout last month, a senior power expert said Thursday."We need efficient command and ... Read more...

Posted in Business |

Task force to examine amending Electricity Act


August 29th, 2012 - 9:42 pm ICT by IANS
New Delhi, Aug 29 (IANS) As a measure for reforms in the power sector, a task force will look into amending the Electricity Act, 2003, Power Minister Veerappa Moily announced ... Read more...

Posted in Business |

Coal India achieves 95 percent of targetted supply to power sector


August 27th, 2012 - 7:46 pm ICT by IANS
New Delhi, Aug 27 (IANS) Coal India Ltd (CIL) has achieved 95 percent of its supply target to the power sector, Pratik Prakashbapu Patil, minister of state for coal said ... Read more...

Posted in Business |

11,000 km of LNG pipelines laid so far


August 21st, 2012 - 9:28 pm ICT by IANS
New Delhi, August 21 (IANS) More than 11,000 km of cross-country gas pipelines have been laid for connecting the consumption centres, Minister of State for Petroleum R.P.N. Singh said Tuesday."Another ... Read more...

Posted in Business |

Lack of contractors hitting northeast projects: ADB


August 8th, 2012 - 1:09 pm ICT by IANS
Shillong, Aug 8 (IANS) The biggest hurdle in implementing infrastructure projects in the northeastern states is the lack of competent contractors, an Asian Development Bank (ADB) official said Wednesday."One of ... Read more...

Posted in Business |

BJP seeks answer from PM over power outages


July 31st, 2012 - 6:20 pm ICT by IANS
New Delhi, July 31 (IANS) The Bharatiya Janata Party (BJP) Tuesday castigated the government for the breakdown of the northern power grid and sections of eastern and northeastern grids ... Read more...

Posted in Politics |

Blackout hits business activities


July 30th, 2012 - 6:47 pm ICT by IANS
New Delhi, July 30 (IANS) The worst blackout in more than a decade following a breakdown of the Northern Power Grid in the early hours of Monday severely hit business ... Read more...

Posted in Business |

OPG Power to increase capacity to 740 MW by 2013


July 20th, 2012 - 3:44 pm ICT by IANS
Chennai, July 20 (IANS) Britain-based OPG Power Ventures Plc, operating power plants in India through subsidiaries, would raise the total generation capacity to around 742 MW by next year, said ... Read more...

Posted in Business |

Solar Energy Corp to develop India-centric technology and products


July 8th, 2012 - 2:55 pm ICT by IANS
Chennai, July 7 (IANS) The state-run Solar Energy Corporation of India is planning to set up small, pilot power plants with strong linkages with research and academic institutions to develop ... Read more...

Posted in Sci-Tech |

Expedite Chinese power projects: Pakistan president


July 5th, 2012 - 12:53 pm ICT by IANS
Islamabad, July 5 (IANS) President Asif Ali Zardari has called for expediting the projects of electricity generation being undertaken in cooperation with China's Three Gorges Corporation, which operates the world's ... Read more...

Posted in South Asia |

UP ups taxes on tobacco products


June 30th, 2012 - 5:47 pm ICT by IANS
Lucknow, June 30 (IANS) The Akhilesh Yadav government in Uttar Pradesh has increased taxes on all types of tobacco products in the state in a bid to deter their use, ... Read more...

Posted in Politics |

UP blacklists 14 firms supplying sub-standard transformers


June 27th, 2012 - 12:17 am ICT by IANS
Lucknow, June 26 (IANS) The Uttar Pradesh Power Corporation Limited (UPPCL) Tuesday black-listed 14 companies supplying electrical equipment on the directions of Chief Minister Akhilesh Yadav, who took a serious ... Read more...

Posted in Business |

India offers $100 mn to improve Nigeria’s power supply


June 24th, 2012 - 2:13 pm ICT by IANS
Lagos, June 24 (IANS) India is offering a helping hand to Nigeria in the country's bid to generate enough electricity to meet the ever-growing demand in Africa's most populous nation.... Read more...

Posted in Business |

German major Cronos acquires Kerala IT firm


June 5th, 2012 - 6:08 pm ICT by IANS
Thiruvananthapuram, June 5 (IANS) German-based Cronos Group, the largest privately held consulting company for utilities in Germany, has acquired 100 per cent shares of IT firm AES."The deal has been ... Read more...

Posted in Sci-Tech |

Neyveli Lignite to soon finalise power equipment suppliers


May 29th, 2012 - 12:33 am ICT by IANS
Chennai, May 28 (IANS) Integrated lignite mining-cum-power generator Neyveli Lignite Corporation Ltd (NLC) will order boilers and turbine generators for its proposed 2x500 MW power plant at ... Read more...

Posted in Business |

Coal India’s Q4 profit dips 5 percent


May 28th, 2012 - 9:59 pm ICT by IANS
Kolkata, May 28 (IANS) Maharatna public sector coal mining giant Coal India Ltd's (CIL) 2011-12 Q4 fiscal net profit dipped by 5 percent to Rs.4,013 crore due to wage revisions ... Read more...

Posted in Business |

Lalu plans protest against Bihar government


May 28th, 2012 - 8:33 pm ICT by IANS
Patna, May 28 (IANS) The Rashtriya Janata Dal (RJD) Monday announced a plan to launch a state-wide agitation against what he called the Nitish Kumar-led Bihar government's failure on all ... Read more...

Posted in Uncategorized |

China eyes Myanmar power sector


May 25th, 2012 - 11:57 am ICT by IANS
Beijing, May 25 (IANS) China will encourage its firms to discuss cooperation with Myanmar on upgrading the country's power grid in order to help ease power shortage, the Chinese foreign ... Read more...

Posted in South Asia |

Gas distribution networks to be set up in Uttar Pradesh


May 22nd, 2012 - 9:50 pm ICT by IANS
Lucknow, May 22 (IANS) The Uttar Pradesh government Tuesday announced an ambitious plan to set up gas distribution networks across the state in order to ensure cheap and uninterrupted fuel ... Read more...

Posted in Business |

Dhaka approves $7 bn for development projects


May 20th, 2012 - 3:44 am ICT by IANS
Dhaka, May 20 (IANS) The Bangladesh government Saturday approved 550 billion taka ($7 billion) for undertaking developmental projects during the fiscal year 2012-13.The decision was taken at a meeting ... Read more...

Posted in Business |

Slowdown hits electrical equipment industry


May 11th, 2012 - 5:09 pm ICT by IANS
New Delhi, May 11 (IANS) The growth of India's electrical equipment industry fell to 6.6 percent in 2011-12 as compared to 13.7 percent in the previous year, industry data showed ... Read more...

Posted in Uncategorized |

Industry demands roll back in Goa power hike


May 8th, 2012 - 6:19 pm ICT by IANS
Panaji, May 8 (IANS) A leading trade body here Tuesday demanded a roll back on the proposed power tariff increase by the Goa government as it would hit the industry ... Read more...

Posted in Business |

Border management with Bangladesh operationalised


May 7th, 2012 - 4:38 pm ICT by IANS
New Delhi, May 7 (IANS) The coordinated border management plan with Bangladesh was in operation and will help reduce cross-border violations, External Affairs Minister S.M. Krishna said Monday.Talking to reporters ... Read more...

Posted in Uncategorized |

Power generation firms need to improve efficiency: Shinde


April 26th, 2012 - 9:08 pm ICT by IANS
New Delhi, April 26 (IANS) Power generation firms need to improve efficiency to meet growing demands and reduce dependence on coal and gas supply, Power Minister Sushilkumar Shinde said Thursday.Addressing ... Read more...

Posted in Business |

‘More private participation needed in power distribution’


April 24th, 2012 - 12:07 am ICT by IANS
Kolkata, April 23 (IANS) Pitching for more private sector participation in power distribution, the Central Electricity Regulatory Commission (CERC) has said it would help improve efficiency and bring down aggregate ... Read more...

Posted in Business |

India enhancing domestic capacity for new gen power plants: Shinde


April 22nd, 2012 - 12:32 am ICT by IANS
Istanbul, April 21 (IANS) India's Power Minister Sushil Kumar Shinde Saturday said that the government is augmenting domestic capacity for building critical and ultra-super critical technologies based power plants ... Read more...

Posted in Business |

Dhumal wants lower interest rate on NABARD loans


April 20th, 2012 - 9:04 pm ICT by IANS
Shimla, April 20 (IANS) Himachal Pradesh Chief Minister Prem Kumar Dhumal Friday called for a cut in the interest rate on the National Bank for Agriculture and Rural Development (Nabard) ... Read more...

Posted in Business |

Coal India to ink fuel supply pact before April 20 (Lead)


April 16th, 2012 - 11:46 pm ICT by IANS
Kolkata, April 16 (IANS) Bringing relief to the country's power sector, Public sector Coal India Limited (CIL) Monday said it would sign a Fuel Supply Agreement (FSA) with power companies ... Read more...

Posted in Business |

Akhilesh meets PM, seeks funds for central aided projects (Lead)


April 14th, 2012 - 6:59 pm ICT by IANS
New Delhi, April 14 (IANS) Uttar Pradesh Chief Minister Akhilesh Yadav Saturday met Prime Minister Manmohan Singh here and discussed a range of issues, including funding for development projects, ... Read more...

Posted in Politics |

Akhilesh meets PM, seeks funds for central aided projects


April 14th, 2012 - 2:32 pm ICT by IANS
New Delhi, April 14 (IANS) Uttar Pradesh Chief Minister Akhilesh Yadav Saturday met Prime Minister Manmohan Singh here and discussed a range of issues with him, including funding for ... Read more...

Posted in Politics |

Shree Ganesh jewellery aims to generate 500 MW solar power


April 12th, 2012 - 11:57 pm ICT by IANS
Kolkata, April 12 (IANS) Kolkata-based jewellery maker Shree Ganesh Jewellery House Ltd (SGJHL), which recently forayed into solar power business, Thursday said it is aiming to scale up its generation ... Read more...

Posted in Business |

Slow growth, high interest could impede loan growth: HSBC


April 12th, 2012 - 6:31 pm ICT by IANS
Kolkata, April 12 (IANS) HSBC, Europe's biggest bank, Thursday said India's slow growth rate and high interest rates could hurt loan growth in the country going ahead."I think we ... Read more...

Posted in Business |

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