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Daily Archives: December 8, 2013

Tata Power receives offers to take over 300MW wind and 80 MW solar farms

According to reports, Tata Power Co Ltd is evaluating renewable energy projects totalling over 2,800 MW for acquisition. In October, the company had acquired a 39-MW wind farm in Gujarat, and since then, the country’s largest private sector integrated power company has been flooded with offers. In an interview with Business Line, Rahul Shah, Chief, Business Development, India Business and Renewables, said the company has received offers to take over 2,500 MW of hydro power, 300 MW of wind and ... Read More »

Ministerial panel meet on Dec 10 for issue price of Power Grid FPO

According to reports, the panel of ministers on disinvestment will meet on Tuesday to decide the issue price for allotting 17 per cent equity of the Power Grid Corporation, which FPO was subscribed about seven times. The follow-on-public offer (FPO) of the state-run transmission utility saw bids coming in for nearly 530 crore shares, or 6.74 times the 78.70 crore shares on offer. “The meeting to fix the issue price for Power Grid shares is scheduled on December 10,” a ... Read More »

Excess power bottled up in power surplus Gujarat

According to reports, it is a paradox that a little bit of planning can easily address. Gujarat, a power surplus state, is forced to shut down power units for there are no buyers for the power it generates. On the other hand, power deficit states such as Karnataka and Tamil Nadu, with capacity to buy power they badly need are not able to tap in to this surplus in the absence of west-south grid, the commissioning dates of which are ... Read More »

PowerMin’s meeting today to discuss amendments to tariff policy

According to reports, the power ministry, which has released draft amendments to the National Tariff Policy to further promote competition and reduction in distribution losses, would be meeting on Friday to discuss the amendments with key stakeholders. The ministry has proposed competitive bidding process and power purchase agreements for the renewable energy sector, stable renewable power obligation regime to promote renewable energy sources, cuts in cross subsidies and encouragement of open access. Further, the ministry has proposed that consumers below ... Read More »

Odisha Govt to set up solar power project at Manmunda in Boudh with Rs 400 cr investment

According to reports, in another step towards generation of green power, Energy department has proposed for a Solar Power project at Manmunda of Boudh district to be set up by Green Energy Development Corporation of Odisha Ltd. ( GEDCOL). A high level meeting to this effect was held under the Chairmanship of Chief Secretary Jugal Kishore Mohapatra in secretariat conference hall today wherein Secretary Energy Pradeep Kumar Jena outlined the broad features of the project for discussion. Discussions in the ... Read More »

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