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SC ruling may force power firms to rebid for mines

Power companies are in for tough times, with the Supreme Court (SC) terming all coal block allocations since 1993 illegal. The apex court has also ruled that coal mines allocated to ultra mega power projects (UMPPs) may not use the surplus coal for commercial exploitation.

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Power And Energy

Resilient Partners

Last August 6, NEA and the electric coops celebrated the 45ht anniversary of rural electrification int he Philippines.

We launched three books about rural electrification, including one I wrote – … 1,677 more words

Leadership

CAG pulls up PowerGrid for loss in revenue

CAG had undertaken an audit of PowerGrid Corp of India Ltd and its grid management arm, Power System Operation Corp Ltd (POSOCO), to assess the effectiveness of their planning and implementation of transmission projects between 2007 and 2012. 45 more words

Power And Energy

Indraprastha Power gave undue financial benefit to discoms: CAG

The Comptroller and Auditor General of India, in a report tabled in Parliament stated that the Delhi government-run Indraprastha Power Generation Company acted in such a way that it gave undue benefit to Discoms.The report said  that the company had made payment of advance tax and self-assessment tax of Rs 107.10 crore in September 2011, March 2012 and July 2012 from its own funds on behalf of the beneficiaries.

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Power And Energy

Collett & Sons Ltd celebrate the first of many projects to come through their Grangemouth facility.

Collett & Sons Ltd celebrate the first of many projects to come through their Grangemouth facility.

As wind turbine components keep getting bigger the challenge for transport companies and equipment manufacturers to overcome these difficulties gets ever more complicated. 287 more words

Uncategorised

JSW Energy eyeing stressed assets; may raise upto Rs 5,000 crore

Private sector power producer JSW Energy, which is looking to raise up to Rs 5,000 crore, is eyeing stressed projects for acquisition.JSW Energy has sought an approval of its shareholders for mopping up Rs 5,000 crore through an issue of secured/unsecured redeemable non-convertible debentures on a private placement basis, as well as the utilisation of the funds.

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Power And Energy

India's Iran oil imports for Jan-June climb by a third to 7.3%

India’s crude imports from Iran rose by a third in the first half of the year. India, Iran’s top oil client after China, raised the imports to some of the highest levels in nearly two years in the first quarter, partly to make up for deep cuts in 2013 due to the lack of insurance coverage for refineries processing Iranian oil.  24 more words

Power And Energy