Power articles

GAIL India may acquire all of wind energy assets held by troubled IL&FS

India’s biggest gas utility is considering acquiring all of the wind energy assets held by a subsidiary of a troubled shadow bank, according to people familiar with the matter. GAIL India Ltd. is looking to buy 775 megawatts of wind energy assets from IL&FS Energy Development Co., a unit of Infrastructure Leasing & Financial Services

NHPC Net up 19.62% at Rs 1,218.51 cr in Jul-Sept qtr

State-owned hydro power giant NHPC posted 19.62 per cent jump in its net profit at Rs 1,218.51 crore in the quarter ended September 30, 2018. The company’s net profit in the quarter ended September 30, 2017 was Rs 1,018.64 crore, a BSE filing stated. According to the statement total revenue of the company rose to

GVK seeks shareholders’ nod to raise Rs 8000 Cr to retire debt

GVK Power and Infrastructure Limited Wednesday sought approval to raise up to Rs 8,000 crore from shareholders and an appropriate resolution was moved in the Annual General Meeting (AGM) held here. The Board of Directors sought to raise the amount for the repayment of the outstanding financial obligations of the company and its subsidiaries or

Government mulls second round of 2,500 MW medium-term PPA auction

Buoyed by a good response for the first tender of mid-term (3 years) power purchase agreement auction, the power ministry will bring its second round for 2,500 MW capacities to give relief to stressed power assets, Power Secretary A K Bhalla said Tuesday. A PPA is a prerequisite for getting coal supplies for power plants.

At Make in Odisha 2018, Aditya Birla Group pledges $2-bn fresh investments

Diversified conglomerate Aditya Birla Group has committed $2 billion in new investments in Odisha over the next two years, a top executive said in Bhubaneswar. “The investments would be spread across businesses. Beyond business, we are also going to invest in socio-economic areas. Inclusive growth is at the heart of what we do. The chief

BHEL commissions 120 MW Pulichintala hydro power plant in Telangana

State-owned engineering giant BHEL said Monday that with the completion of fourth and final 30 MW unit, it has completely commissioned 120 MW Pulichintala Hydro-Electric Project (HEP) in Telangana. The other three units of the 4×30 MW Pulichintala HEP, commissioned earlier by the BHEL have been operating successfully, BHEL said in a statement. According to