Faced with a decline in its cash balance and convinced that picking up stakes in power plants by way of investment and/or in exchange for equipment supplied would hardly help in the current situation, public sector Bharat Heavy Electricals (BHEL) has taken a strategic decision to exit its joint venture power projects and not enter into any such alliance in the immediate future.

A source privy to the discussions at the PSU's board confirmed this to FE, even as the company maintained that the la...

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The power ministry is preparing a booster dose of financial incentives and easier green norms to energize the hydel sector that would also prop up 136 private projects, including those by companies aggregating a capacity of 40,000 mw, or enough power to light up 8-10 cities of Delhi's size.

A panel set up by power minister Jyotiraditya Scindia has recommended excise duty exemption for cement, steel and equipment used for constructing hydel projects. It has also suggested waiver of service tax ...

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The Bihar government has initiated the privatization of power distribution network in 12 cities and awarded the contract for Bhagalpur and Muzaffarpur. State energy secretary Sandeep Poundrik made this announcement here on Wednesday at the daylong conference on 'Powering Bihar: approaches to distribution reforms'. The conference was organized by the Confederation of Indian Industry (CII), Bihar office, in collaboration with Bihar government.

Talking about Patna, Poundrik said the distribution ...

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The newly-formed Wind Independent Power Producers Association (WIPPA) has started off with two major campaign themes — opposing price discovery of wind power tariff through a competitive bidding route and moving the judiciary to enforce renewable purchase obligation.

WIPPA, which had been in the forming for several months now, was formally launched at Renergy 2013, a conference of the renewable energy industry organised here by the Tamilnadu Energy Development Agency (TEDA). WIPPA is ...

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Industry's performance in the last financial year was the worst in the past 20 years but the smart recovery in March cushioned the shock somewhat. The Index of Industrial Production (IIP) in 2012-13 grew by one per cent, down from 2.9 per cent in the previous year and manufacturing output grew just 1.2 per cent, prompting rating agency CRISIL to say "history seems to be repeating itself. The current situation is reminiscent of the crisis year of 1991-92 (when there was a severe balance...
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Even as the Rs 15,000-crore transmission project continues to remain embroiled in a controversy over change of conductors, the UP Transmission Corporation Limited (UPTCL) is all set to embark on yet another ambitious project. The fresh project envisages construction of new sub-stations and transmission lines at a cost of over Rs 700 crore.

According to UPTCL sources, the project proposes to construct new transmission substations of 132 KV and 220 KV and laying of new transmission lines ...

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