Tag: India’s infrastructure

Infrastructure ministries to make power point presentation to Modi on Saturday

Infrastructure ministries will make a presentation to Prime Minister Narendra Modi on Saturday at 10 a.m. Sources indicate that the secretaries of Civil Aviation Ministry and other ministries will make a 10-point power point presentation to Modi on what issues need to be tackled. The Ministry of Civil Aviation presentation is likely to focus on… Read More ›

India has potential to get $40 b PE investment: PwC survey

Private equity (PE) investors’ sentiments towards India are turning significantly optimistic. A PricewaterhouseCoopers India report based on a survey of 40 PE firm partners estimates that India has the potential to get PE funding of $40 billion (over ₹2.36 lakh crore) by 2025. Future PE investments would be led by India’s continuing consumption story, realistic… Read More ›

Solar Power: Cost of production dropped 60%; price to equal thermal power’s in three years

More importantly, the MP tender brought the price of solar power closer to the price of thermal power — produced from coal or gas, and India’s largest source.   Earlier this month, when Madhya Pradesh accepted the bid of Himgiri Energ y Ventures to supply solar power to the state grid at Rs 6.5 a unit,… Read More ›

Vijay Kelkar wants existing regime for oil contracts

Kelkar said the committee had requested AOGO to provide data and analysis of issues that affect the sector. These were included in its interim report, which was submitted to the government in January.   NEW DELHI: Vijay Kelkar, chairman of the expert panel on energy security, has stuck to his position that the existing regime for… Read More ›

Many electricity regulatory bodies headless

Regulatory commissions in most states are either headless or have not appointed an expert member, leaving them overworked.  NEW DELHI: Power firms have a new regulatory hurdle. Regulatory commissions in most states are either headless or have not appointed an expert member, leaving them overworked, while power producers unable to get quick orders on tariffs… Read More ›

DVC seeks law tweak, may split power business from other activities

The DVC Act stipulates that the company will undertake flood-control, aid irrigation and help supply water for industrial and domestic use.  KOLKATA: State-run power producer Damodar Valley Corporation does not have the means to undertake operations it was mandated to carry out, according to its acting chairman Arup Roy Choudhury. The company is now seeking… Read More ›

Advantage Tata Power, pain for NTPC

Tata Power surges 5%; NTPC slumps to five-year low Power stocks reacted in a mixed way at the bourses on Monday, on the back of  separate orders by the Central Electricity Regulatory Commission (CERC). While the regulator upheld its earlier order of a bailout package to Tata Power for the electricity generated from its imported coal-based Mundra plant in Gujarat, it… Read More ›

No headway in India-US civil N-deal

US urges New Delhi to align its nuclear liability law with the international convention The much-awaited India-US Energy Dialogue has failed to push the stalled civil nuclear deal forward, even as the US urged India to align its nuclear liability law with the international convention on the issue. Ahead of a meeting of a working group on civil nuclear… Read More ›

Election Commission awards EVM contracts to ECIL, BEL

ECIL confirmed it received orders for 1.91 lakh ballot units and 1.25 lakh controlling units The Election Commission has placed orders estimated at more than Rs 300 crore with Electronics Corporation of India Ltd and Bharat Electronics Ltd to deliver EVMs for the Lok Sabhaelections. “The Election Commission needs 16 lakh EVMs for the Lok Sabha elections to… Read More ›

Strike at L&T Hazira crosses 82 days

Around 1,000 permanent workers on strike demanding hike in wages and allowances Even after 82 days of a strike by workers at Larsen & Toubro (L&T)’s Hazira factory in Gujarat, a resolution seems far. Around 980 permanent worksmen at the heavy engineering unit have been on strike demanding higher wages. The company is said to be losing Rs 1-1.5 crore a day…. Read More ›