March 27, 2015 22:07 (IST)
Aggressive bidding seen in the auction of 33 mines would result in a significant under-recovery in fuel cost estimated at Rs 1,800 crore by financial year 2017-18 for the winning bidders in power sector, rating agency Icra said.
March 26, 2015 19:30 (IST)
A subsidy of up to Rs 7,500 crore will be provided to private power companies in the next two years as part of the scheme approved by the Cabinet to revive 31 electricity generating units stranded for want of gas.
March 26, 2015 18:56 (IST)
Sources close to the company said none of the 31 idle power plants that were stated as being dependent on gas supplies from RIL, were installed or financed on the basis of KG-D6 ga
March 25, 2015 23:23 (IST)
The government said on Wednesday that it will boost imports of liquefied natural gas (LNG) to improve electricity generation and revive plants worth billions of dollars to fuel economic expansion.
March 25, 2015 21:42 (IST)
Tata Power will acquire a 50 per cent stake in Zambia's Itezhi Tezhi Power Corp Ltd (ITPC) from Tata Africa for an undisclosed amount.
March 25, 2015 19:29 (IST)
Infrastructure Leasing & Financial Services Ltd (IL&FS) plans to more than triple its power generation capacity in five years, a top executive said, betting on demand for renewable energy sources like wind and solar in Asia's third-largest economy.
March 24, 2015 17:21 (IST)
"With this coal mine acquisition, the company will commence mining operations to power the Mahan plant within a few months," it said.
March 22, 2015 17:45 (IST)
Unexpected rains across the country brought down the peak power deficit - shortfall in electricity supply when the demand is maximum - to 2.8 per cent last month.
March 11, 2015 16:58 (IST)
While the Minister did not name the fields, sources said OVL was in talks for a stake in Vankor and Yurubcheno-Tokhomskoye fields.
March 09, 2015 08:31 (IST)
In another revenue bonanza from the ongoing auction of coal mines, the government on Sunday garnered Rs 5,164 crore from sale of two more mines to Jaypee Cement and Ambuja Cements with cumulative proceeds surging to Rs 1.57 lakh crore.
March 05, 2015 19:17 (IST)
Central transmission utility Power Grid Corporation on Thursday said its board has approved total investment of Rs 1,481 crore in its various projects to be commissioned in the next 2-3 years.
March 02, 2015 17:26 (IST)
Coal India had set an output target for the first 11 months at 450.14 MT.
February 25, 2015 20:09 (IST)
The approval is subject to Environment Clearance of Ministry of Environment and Forests.
February 19, 2015 18:36 (IST)
Indian metal and cement companies have bid aggressively for coal blocks in the country's first auctions to sell mines - of the 19 blocks currently on offer, 14 have already sold for over 80,000 crore.
February 18, 2015 20:36 (IST)
Rating agency Crisil on Wednesday said the aggressive bids by companies in the ongoing coal blocks auctions, especially by the power sector, will be credit negative for them.
February 17, 2015 20:40 (IST)
Finance Minister Arun Jaitley on Tuesday said the ongoing auction of coal mines would help in ensuring cheaper electricity to the common man in a sustained manner as against the practice of states subsidising power.
February 17, 2015 12:40 (IST)
The public sector company has committed to set up renewable power projects of 10,000 MW capacity in the country over the next five years.
February 15, 2015 19:49 (IST)
Faced with limited energy sources and high cost of imports, Prime Minister Narendra Modi on Sunday called for innovation and research to develop renewable energy like solar and wind power to provide affordable electricity to every household.
February 14, 2015 18:50 (IST)
Government aims to have 1,00,000 MW of installed solar power capacity by 2022.
February 09, 2015 10:57 (IST)
India's coal imports in January fell 21 per cent month-on-month as state-owned Coal India Ltd ramped up supply from new and existing mines, online trader mjunction said, a trend that is likely to continue this month.