Asked about the plans during the 11th Five Year Plan (2007-2012), which has been pegged at adding 22,000 MW power generation capacity, Sharma said all the projects were on track and running as per schedule. The company, which plans to focus on hydro power generation, would produce its first unit of electricity next year, he said, adding the company has set a target to add 7,000 MW of electricity to its total capacity only through hydro by the end of 2012.
India should take up the issue in the strongest way with Beijing. But the solution is definitively not building more dams in Arunachal Pradesh, cautions Claude Arpi.
Ending months of wrangling between treasury benches and the opposition, the Lok Sabha on Wednesday passed the civil nuclear liability bill after government dropped the contentious provision of 'intent' in the case of accident adopting a Bharatiya Janata Party amendment, paving the way for nuclear commerce with the world.
The government is likely to list four or five more of state-owned companies, which include Satluj Jal Vidyut Nigam Ltd, Manganese Ore India Ltd and Cochin Shipyard, by March next year. A senior government official said the government plans to dilute up to 10 per cent in these companies.
The Reserve Bank of India on Monday said inflationary pressures because of oil and food prices are likely to continue, giving an indication that monetary policy could be tightened further when it comes for review on Tuesday.
JSW Energy, the group company of Jindal South West headed by Sajjan Jindal, will launch its initial public offer within two months to raise Rs 3,000 crore (Rs 30 billion) to fund 3,000 Mw of power projects under construction. It aims to become a major power producer with about 11,400 Mw of generation by 2015, besides venturing into power transmission and distribution business and investments in renewables like solar energy.
According to the latest data from the Ministry of Water Resources, the water storage position in major reservoirs has gone down to a record low of 34.86 billion cubic metres (bcm) -- about 22 per cent of the total storage capacity of 151.76 bcm of all the 81 reservoirs taken together. The storage level was above 26 per cent last year. Of the total 81 reservoirs in the country, 36 have significant hydro power potential with an installed capacity of more than 60 Mw each.
The toll in the attack of Maoist rebels on a launch at the Balimela reservoir near the Andhra Pradesh-Orissa border on May 29, has turned out to be higher than anticipated. While so far 33 bodies have been recovered, officials have declared five more personnel including two Greyhound commandos as missing.
Samajwadi Party leaders Mulayam Singh Yadav and Amar Singh on Friday made it clear that they favoured the Indo-US nuclear deal as they met Prime Minister Manmohan Singh and Congress President Sonia Gandhi over the issue.
Devastating floods in north Assam districts of North Lakhimpur, Dhemaji and Sonitpur have so far taken lives of 17 flood-hit, besides causing misery to over eight lakh people.
Capex plans for the next six months imply a 20 per cent increase in calendar 2010.
The monsoon situation and its consequences for different sectors of economy was reviewed in a high-level meeting chaired by Prime Minister Manmohan Singh on July 12.
Although the Budget has projected only Rs 1,120 crore (Rs 11.2 billion) receipts from disinvestment, sources said some big-ticket initial public offers, or IPOs, could hit the markets soon. Finance Minister Pranab Mukherjee will meet the Securities & Exchange Board of India board on Friday to discuss, among other things, the disinvestment roadmap and the Budget proposal to raise the threshold for non-promoter public shareholding for all listed companies in a phased manner.
Over a hundred world leaders including the Indian prime minister will be at the UN Conference on Sustainable Development in Rio.
"We are targeting India. We will participate in the tender to be floated soon by the Indian Railways for 1,000 electric locomotives. We will offer 10 per cent cheaper price than other companies," Alstom's locomotive platform director Jean-Marc Tessier told PTI. The company unveiled on Wednesday the design of Prime II locomotives, the advanced version locomotives with high speed.
Projecting a whopping Rs 10,000 crore (Rs 100 billion) economic engagement with Bhutan in areas like telecom, infrastructure and education, Prime Minister Manmohan Singh on Saturday unveiled a mega plan for cooperation in the power sector.
Becoming the first world leader to address the Bhutan Parliament, Prime Minister Manmohan Singh on Saturday strongly pitched for a South Asia that is "at peace with itself" and expressed India's readiness to assist in making the region more secure and prosperous. Singh, who is on a two-day visit, assured Bhutan that India would stand by the Himalayan country as a factor of stability and support.
The power ministry had approached the department of disinvestment in August 2007 for approval for NTPC's FPO, which could fetch the company nearly Rs 6,000 crore to part-finance its expansion programme.
The Union Public Service Commission will hold the Geologists' Examination, 2009 commencing from December 5, 2009.
What is required is a radical reworking of business processes and incentives to which staff respond.
TI report, which placed 42 oil and gas companies into three tiers based on their level of transparency in revenue disclosure, clubbed ONGC with China's CNOOC and CNPC, Russia's Lukoil and US-based ExxonMobil Corp in the lowest tier for disclosing information only by geographical segment and providing almost no additional information.
"We require eight million cubic metres for overall expansion which is almost half the gas available at Panna-Mukta-Tapi. At present, for the 655 mw, we are using three million cubic metres a day," said Rajiv Mishra, managing director of CLP Power India, which is a 100 per cent subsidiary of the Hong Kong-based CLP Group. The company had received the required environment clearance from the Gujarat Pollution Control Board in 2007.
But the toughest opposition to a strategy for halting climate change also comes from entrenched private interests, says Rajni Bakshi.
National Hydroelectric Power Corporation will hit the market with an initial public offering by August this year and govt has assured the 'mini-ratna' status to the public sector unit. The IPO, scheduled for last year, got delayed as the company had not appointed non-official directors on time, a condition mandatory for any company to float an IPO. As per the guidelines of market regulator Sebi, 50 per cent of the board must be of non-official directors.
'Fukushima should inject a sense of nuclear neutrality into the thinking of our policy makers and it leads to a full appraisal of our options for the future,' says T P Sreenivasan.
The 900-Mw Purulia Pumped Storage Project (PSPP), the biggest project of its kind in India is set to mitigate the peak power deficit in the country by utilising the low-cost excess power available during periods of low demand. It will also boost the industrial drive of Purulia district which is poised to witness operations of many steel projects in the coming years. The Rs 2,953 cr (Rs 29.53 billion) project is located in Ajodhya Hills in Bagmundi village of Purulia district.
The CPI-M did not pass any resolution on the Indo-US nuclear deal at its 19th Congress meet since it felt the issue has been debated at length and that the party's stand was clear. CPI-M politburo member Sitaram Yechury said that the deal was not only dangerous, but unacceptable. Party general secretary Prakash Karat said it would launch a struggle against the deal to defend the sovereignty of the country.
A short-term (five-year) price is not relevant beyond a point when power plants have a life of 15-20 years, says J P Chalasani, CEO, Reliance Power.
Three Northeast Frontier Railway employees were killed when suspected militants belonging to the Dima Halam Daogah (Jewel Garlosa) group, also known as the Black Widow, hurled grenades at Harangajao railway station in the North Cachar Hills district of Assam late on Monday night. Senior army officials and police officials rushed to the spot after the strike and a combing operation has been launched in the area.
In spite of increasing opposition from the Left Front to the India-United States nuclear agreement, Prime Minister Manmohan Singh on Monday said that his government is committed to developing nuclear energy as a clean source of electricity."Our government is committed to developing nuclear energy as a clean source of electricity," Singh said after laying the foundation stone of the 1500 MW Pragati Phase three-gas power project at Bawana.
The first thing that struck Sheela Bhatt, in Thimphu to cover the summit, was that whiff of fresh air -- opulent and serene. Here are her first impressions on the eve of the summit.
PESB is believed to have forwarded names of National Hydro-electric Power Corp Director (Personnel) S K Chaturvedi and Hindustan Paper Corp CMD Raji Philip as the best contenders to the power ministry.
The fund would be promoted by three partners - Deepak Kavadia, Palak Jain, and Philip Ho, Managing Director of US-based private equity fund Cornell Capital. The promoters would own 75 per stake in the firm. "We are in talks with 10 large players at global scale.
The offer was made during the ongoing high level visit of the Norwegian crown price to India.
Official sources in Guwahati informed that the Central team would be led by Cabinet Secretary K M Chandrasekhar who would be accompanied by Union Special Secretary Home M L Kumawat and Defence Secretary Vijay Singh.
The ten-kilometre stretch of road from Umrangshu power plant to the NEEPCO staff colony is considered highly vulnerable due to the presence of militants.
Prime Minister Manmohan Singh will lay the foundation stone for the 3,000 MW multipurpose Dibang power project, the largest in the country.
Many NEEPCO employees in the hydel power project have fled following the January 14 killing of five persons, including two security men of the plant and a minor girl, by suspected Black Widow militants at the gate of the power project.
The police said that two NEEPCO security guards and two children were killed when suspected Black Widow militants opened fire on the Kopili Power House of the Kopili Hydro-electricity Project of North Eastern Electric Power Corporation, located approximately 22 kilometers away from Umrangshu, at around 1 pm on Monday.
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