NEW DELHI: Government today said PricewaterhouseCoopers has been engaged as a consultant for formulation of a plan to scale up solar energy in the country. “PricewaterhouseCoopers (PwC) Pvt Ltd has been engaged as a consultant for formulation of solar energy scale up plan,” Power Minister Piyush Goyal said in a written reply to the Rajya […]
Category: Power
Power
India 3rd least efficient coal-fired power generating nation: Report
NEW DELHI: Chinese and US companies generate power through “least efficient and most polluting form of coal-fired generation”, followed by Indian firms at the third position globally, says a report. According to a research by Stranded Assets Programme at the University of Oxford, 39 per cent of total global “sub-critical” capacity is located in China, […]
NTPC issues largest ever bonus debentures worth Rs 10,307 cr
New Delhi: NTPC, the state owned thermal power giant issued bonus debentures worth Rs 10,306.83 crore – the largest ever by any Indian company. It is also the first public sector company to adopt this innovative instrument to reward the shareholders, said the company’s executives. After the shareholders’ approval for the scheme of arrangement to […]
China, India drive global energy needs: Ex-OPEC official
DUBAI: The global energy industry has seen huge demand from two fast-growing major economies – China and India – even as consumption dropped in Europe. “These two countries have launched themselves to a high growth zone,” said Abdullah bin Hamad al-Attiyah President of the Administrative Control and Transparency Authority ( ACTA). “Take the case of […]
Marubeni Corp, Alstom to build cleaner coal-fired power plant in Thailand
TOKYO: Japan’s Marubeni Corp said on Tuesday it and French engineering group Alstom had won a $1 billion contract to build a 600 megawatt (MW) coal-fired power plant in Thailand that would use cleaner technology than traditional plants. The new plant will replace some existing units at Mae Moh power plant in the northern Thai […]
Delhi power minister wants discom-NTPC pact information
NEW DELHI: Delhi power minister Satyendar Jain has asked the power department for details of the power purchase agreements with NTPC. In a meeting on Monday, Jain said that the details of these agreements need to be studied to find out why Delhi is paying more for its power compared to other states. Drawing a […]
Power Grid gets nod for four investment proposals worth Rs 1481.00 crore
Mumbai: Power Grid Corporation of India (PGCIL) has received an approval for four investment proposals worth Rs 1480.96 crore. The board of directors at its meeting held on March 04, 2015 has approved for the same. The first investment approval is for installation of STATCOM in Western Region at an estimated cost of Rs 1,071.24 […]
Government mulls cutting subsidy by half for rooftop solar projects
NEW DELHI: With limited funds at disposal and price of solar panels going down, the government has proposed to reduce the subsidy on rooftop projects by half, Parliament was informed today. “The ministry has proposed to reduce the subsidy on rooftop solar power plants to 15 per cent from the present level of 30 per […]
BHEL commissions 660 MW thermal unit in Bihar
New Delhi: State-run BHEL has commissioned another 660 MW super-critical or energy efficient unit of NTPC’s Barh thermal power project in Bihar. Meanwhile, the company said it is currently executing orders for 36 sets of super-critical boilers and 31 sets of super-critical turbine generators, which are in various stages of execution. “These orders include orders […]
South Africa’s power crisis risks choking green energy drive
CAPE TOWN: South Africa’s hopes of becoming one of the world’s top renewable energy hubs are dimming due to poor infrastructure and delays as cash-strapped state utility Eskom is distracted by a scramble to keep the lights on. Chronic electricity shortages are one of the biggest brakes on growth in Africa’s most developed economy as […]
NTPC commissions fifth unit of Barh thermal project in Bihar
NEW DELHI: State-run NTPC today said it has commissioned the fifth unit of its Barh thermal power project in Bihar. “Unit V of 660 MW of Barh project has been commissioned,” NTPC said in a regulatory filing to the stock exchange. The company said, “With this, the total installed capacity of Barh-II has become 1,320 […]
Jaiprakash Power jumps on plan to extend bond repayment
Mumbai: Jaiprakash Power Ventures rose 4.23% to Rs 12.80 at 13:42 IST on BSE after the company said it will hold meeting of bondholders on 30 March 2015 to discuss repayment schedule with bondholders. Meanwhile, the BSE Sensex was up 226.93 points, or 0.77%, to 29,820.66. On BSE, so far 27.71 lakh shares were traded […]