Ranchi Municipal Corporation rethinks waste-to-energy plant

The proposed waste-to-energy plant in the capital to streamline waste management is economically not feasible and environmentally harmful, Ranchi Municipal Corporation (RMC) CEO Manoj Kumar, who visited the Jhiri site earlier this week for the proposed plant on Tuesday, has admitted. The municipal corporation CEO told this reporter that the basic idea of generating electricity […]

ETF prop for selloff

The race to meet the Rs 80,000-crore divestment target for the current fiscal will largely depend on the CPSE-Exchange Traded Fund (ETF) to be launched next week. Besides, the board of Power Finance Corporation will meet soon to approve a buyout of the shares of Rural Electrification Corporation at a premium. The ETF offer is […]

Green light for civic area street lights

Bidhannagar Municipal Corporation’s LED street-lighting project, that had been in a state of limbo for several months, has made some progress. The civic body has submitted a list of lights that are required in all 41 wards under its jurisdiction to the urban development and municipal affairs department. The ball has got rolling after a […]

Dead meters haunt power revenue

Most of the 3,000-odd transformer meters that were installed in Jharkhand Bijli Vitran Nigam’s (JBVNL) Singhbhum electricity supply area barely six years ago to keep tabs on power distribution and consumption have gone defunct. The problem came to the fore after the state power utility began examining its existing infrastructure ahead of peak summer to […]

Tatas on green turf with electric buses

Tata Motors will finish the delivery of 255 electric buses to six states within three months. The company had bagged the contracts from the state transport corporations (STCs) under the FAME I scheme. This order includes 80 buses from Bengal, 40 each from Jammu and Kashmir, Lucknow, Indore and Jaipur and 15 from Assam. Sixty-five […]

PFC to feel selloff strain

The Power Finance Corporation is likely to dip into its finances and buy out the government’s stake in Rural Electrification Corporation at a premium. This will bail out the Centre in meeting the divestment target of Rs 80,000 crore for the current fiscal. The board of PFC is slated to meet next week to decide […]

Power project delayed

Jharkhand Bijli Vitran Nigam Ltd (JBVNL) on Wednesday floated a fresh tender for an integrated power development scheme in Singhbhum electricity supply area after the 265-crore contract with IL&FS was scrapped recently. Now, JBVNL will not be able to complete work under the scheme within the March 31 deadline, which would have led to better […]

Poll-eve energiser for power

In a hurry to beat the poll announcement deadline, the government on Thursday cleared four power projects worth Rs 31,560 crore with a generation capacity of 3,760MW. It also approved the hydro power policy as well as some measures to revive stressed assets. “The government has approved investment for four power projects and two policies […]

REC sale in final lap

The government plans to sell its stake in Rural Electrification Corporation to Power Finance Corporation at a premium, which could fetch about Rs 15,000 crore to the exchequer. PFC would acquire the 52.63 per cent government stake in REC in a merger deal which is likely to fetch the exchequer around Rs 15,000 crore and […]