Category: Power

As much as Rs 1.4 lakh crore loans of 34 power companies had become non-performing assets. The sector is likely to benefit the most from the Supreme Court action on Tuesday quashing the RBI circular on bad loans. “The circular had outlined impractical conditionalities and timelines for resolution and also had an inbuilt bias against […]

Several areas serviced by Jharkhand Bijli Vitran Nigam (JBVNL), including Mango, Jugsalai and Chhota Govindpur, faced power crisis on Friday due to short supply from the state load despatch centre. Over a lakh residents of Mango experienced erratic power supply from morning as the power substation at Kuar Basti and Dimna are getting a meagre […]

A major fire broke out in a transformer near the captive power plant complex of Siyaljori-based Electrosteel Steels in Bokaro’s Chandankyari block, about 30km from the district headquarters, on Sunday morning, but timely action helped to prevent a potential tragedy. The Rs 2.5-crore transformer was gutted in the incident and knocked out power in the […]

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 […]

Solar-powered LED bulbs are being fitted at all major traffic signals in New Town. Traffic signal posts have solar panels attached atop to power the bulbs that are brighter than conventional ones. At present, New Town has 21 major traffic signals and work on installing solar panels on signal posts has started, a Hidco official […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]