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.
Tags » Power And Energy
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
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.
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
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.
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