India
India's finance ministry intervenes in power project loans
India's Finance Ministry is intervening in power project loans after disbursements failed to materialize.
India's finance ministry intervenes in power project loans
India's Finance Ministry is intervening in power project loans after disbursements failed to materialize.
Average power capacity of India’s n-plants rises to 78%
The average power capacity of India’s nuclear plants has improved to 78% during 2011-12 (April- October) against 71% in 2010-11, largely due to the increased uranium imports, according to the latest data provided by National Power Corporation of India Ltd. The imports of uranium is largely from France and Russia and now the possibilities are high of getting yellow cakes from Australia too. The country is going ahead with new projects and also enhancing the already existing plants with better technology and fuel availability. The advancement in the India’s nuclear sector has come at the perfect time as the shortage of Coal was creating problems to meet the energy needs of the country. Many countries put back it nuclear projects after the destruction of Japan’s six-reactor Daichi Fukushima nuclear power complex by an earthquake and tsunami. But the rising BRIC economic superpower, India, has been going along with the proposed project with modifications like improved safety technologies etc. The opposition against nuclear plants are high but the government feels that it could be manageable. The major protests were seen in Kundankulam Nuclear Power Project in Tamil Nadu and also in against the proposed 9,900 megawatt Jaitapur Nuclear Power Plant. For India, use of nuclear energy is of great importance as it is carbon free(Clean energy and no green house gas emission) and could benefit countries seeking both power expansion and winning plaudits for reducing greenhouse gas emissions. Currently, there are 20 nuclear reactors being operated by NPCIL which add up 4,780 MW. India in its 12th five year plan (2012-17), more important would be given to power generation and plans to accelerate the nuclear power generation to 20,000 mega watt by 2020 from the existing 4780MW. Commodityonline.com
Gridcorp gets Rs 158 crore income tax relief
India's Income Tax Appellate Tribunal struck down an order for collection of Rs 158 from Grid Corporation of Orissa for the amount paid to Orissa Power for power transmission charges during 2008-09.
Pakistan's PM urged to scrap rental power policy
Four leaders of Pakistan People`s Party have asked Prime Minister Yousuf Raza Gilani to scrap the government`s rental power policy.
Suzlon receives 23.1 MW wind turbine order from GAIL
Suzlon Energy received a fourth consecutive order from GAIL consisting of 11 units of its S88-2.1 megawatt wind turbines, totalling to 23.1 megawatts.
World Bank to invest $1.5B in Indian energy sector
The World Bank expects to invest about $1.5 billion in India's energy sector over the next two years.
SunEdison secures financing for Indian solar energy projects
And guess how much funding SunEdison got from Overseas Private Investment Corporation?
Adani Power to commission second 660 MW Mundra TPP unit next month
Adani Power Limited has will commence commercial operations at unit-2 of the Mundra thermal power plant by end of December.
NHPC's Nimoo Bazgo HEP project slows due to supplies, manpower woes
NHPC Limited`s 45 MW Nimoo Bazgo hydroelectric project t has already suffered incessant delays owing to constrained supplies of the crucial electo-magnetic parts.
Malaysian investment firm eyes Indian energy sector
Khazanah Nasional, the sovereign wealth fund of the Malaysian government, plans to invest in India, including the latter's energy sector.
India's PM, Obama discuss civil nuke deal implementation
Indian Prime Minister Manmohan Singh has discussed ways to implement the civil nuclear deal with US President Barack Obama.
Indian state Jammu and Kashmir eyes bids for 400MW hydro project
The state government of Jammu and Kashmir in India is seeking bids from power companies to develop a 400MW Karthai hydro electric power project.
BGR Energy bags EPC contract to set up Chhattisgarh thermal plant
BGR Energy was awarded an EPC contract to establish a 2x300 MW thermal power plant at the Nawapara village of Chhattisgarh.
Agrawala appointed CEO of GE India's energy business
GE India has appointed Banmali Agrawala as President and CEO of its energy business in the country.
India a key partner in renewable energy: UK minister
India is a key strategic partner in the UK’s effort to promote renewable energy and tackle climate change, according to United Kingdom’s minister of state for climate change Gregory Barker.
US willing to assist Pakistan hydro power projects: US Ambassador
The US was willing to assist Pakistan’s hydro energy power projects to overcome energy crisis, according to Ambassador Cameron Munter.