NEW DELHI: The Power Ministry is likely to issue soon new norms for bringing greener options of electricity transmission cables like aluminium to protect environment from ill-effects of lead-based equipment, according to a source. Admitting that lead electricity transmission cables are an environmental hazard and poisonous, the Power Ministry along the Central Electricity Authority (CEA), […]
Category: Power
Power
NuPower-Videocon probe: Ministry of corporate affairs likely to submit report soon
MUMBAI: The Mumbai office of the ministry of corporate affairs will soon submit its report on alleged irregularities found in the functioning of Deepak Kochhar owned NuPower Renewables (NRL) and VN Dhoot’s Videocon IndustriesNSE 5.00 %, people aware of the development told ET. The agency found over a dozen violations under the Companies Act and […]
India, US agree to build six nuclear power plants
The US has agreed to build six atomic power plants in India to strengthen bilateral security and civil nuclear cooperation and expressed its strong support to India’s early membership in the NSG. The two countries said this in a joint statement issued at the conclusion of the 9th round of India-US Strategic Security Dialogue, co-chaired […]
NHPC to consider Rs 2,017 crore bond issue on Friday
New Delhi: State-owned hydro power giant NHPC said Wednesday that its board would on Friday consider a proposal to raise up to Rs 2,017.20 crore through taxable non-convertible bonds on a private placement basis. “The NHPC board in its meeting on Friday will consider proposal to issue ‘GOI Fully Serviced Bonds’ worth up to Rs […]
Chanda Kochhar’s fate was sealed by husband’s admission
MUMBAI: Former ICICI BankNSE -0.56 % CEO Chanda Kochhar’s fate was sealed after her husband acknowledged dealings with the VideoconNSE -4.76 % Group continuing over several years in April last year and the board found it difficult to believe her explanation of the sequence of events leading up to the disclosure. Conversations with officials having […]
L&T bags orders worth Rs 1,000 cr- Rs 2,500 cr from power T&D projects
Larsen & Toubro’s construction arm has bagged orders worth Rs 1,000 cr- Rs 2,500 cr for power transmission and distribution projects, the engineering major said on Tuesday. L&T Construction will execute these engineering, procurement, and construction orders in India and abroad. The orders include construction or substations and transmission lines connected to the ring network […]
Tardiness in tariff filings and inadequate tariff revision proposals negative for the power sector: ICRA
KOLKATA: Median tariff revision on an all India basis was subdued at 3% and 1% for FY2018 and FY2019 and it is likely to remain at similar levels for FY2020, ratings firm ICRA has predicted. In a report, ICRA said: “While power distribution has seen significant reduction in losses and debt following debt restructuring under […]
NHPC to complete Teesta VI hydropower project in Sikkim
SILIGURI: State-owned NHPC LimitedNSE -0.40 % has bagged the responsibility to complete Teesta VI hydropower project years after the initial builder – Lanco Teesta Hydro Power Ltd (LTHPL) – went into insolvency and the 500 mw project hit a roadblock. The Cabinet Committee on Economic Affairs (CCEA) headed by the Prime Minister has approved the […]
India’s Solar Sector faces headwinds as capacity addition slows down: CRISIL
NEW DELHI: India’s target of adding 100 GW of solar project capacity by 2022 is facing headwinds as lack of clarity on policy, frequent bid cancellation and safeguard measures have negatively impacted the sector, a market research has revealed. The country’s installed solar capacity is expected at 60 GW by FY 2022—40 GW short of […]
Share market update: BSE Power index rises; Adani Power climbs nearly 4%
NEW DELHI: The S&P BSE Power index was up with most of its components trading higher in Monday’s afternoon session. Shares of Adani Power (up 3.80 per cent), CESCNSE 1.97 % (up 2.99 per cent), Bharat Heavy Electricals (up 2.83 per cent) and NTPC (up 2.82 per cent) were trading in the green. Power Grid […]
Kalpataru bags orders worth Rs 1,288 c
NEW DELHI: Kalpataru Power Transmission Ltd (KPTL) Monday said it has bagged new orders worth Rs 1,288 crore. The company’s transmission and distribution (T&D) business has secured projects of Rs 771 crore primarily in international markets, KPTL said in a statement. Its oil and gas business bagged two projects totalling Rs 517 crore, the company […]
NHPC eyes stressed 120 MW Jal Power plant in Sikkim
NEW DELHI: NHPCNSE -0.20 % will bid for 120-MW Jal Power stressed plant in Sikkim when the project is bid out under the bankruptcy court this month. Lenders had referred the project to NCLT and the bankruptcy court is likely to call bids for the project soon, said NHPC chairman and managing director Balraj Joshi. […]