New Coal Bill extends blanket protection to govt officials
The Centre is taking steps to protect government officials involved in allotting coal blocks from prosecutions and legal proceedings. The Coal Mines (Special Provisions) Bill, introduced in the Lok Sabha on Wednesday to replace an Ordinance, states:
Taking wind energy to the next level
The plans of the new government to accelerate the generation of wind energy by adding an ambitious 10,000 MW every year is a welcome change in the Indian power scenario.
Tata Power generates 10,946 MUs in Q2
Tata Power has announced that the company´s generation stood at 10,946 MUs collectively from all its power plants in Q2 FY15. Subsidiaries CGPL and MPL have significantly contributed to the increase in generation, with 5722 MUs and 1577 MUs respectively in Q2 FY15.
Making a splash!
India is endowed with rich hydropower potential to the tune of 148 GW (which would be able to meet a demand of 84 GW at 60 per cent load factor) which makes it one of the most important potential sources to meet the energy security needs of the country.
An Energy Revolution
There has been a development on the energy sector front in November that has the potential to shake up the entire domain. In a few markets in the United States, renewable energy is now cheaper than coal or natural gas.
India To Formulate Renewable Energy Act
India has been taking notes from Germany to achieve its mega renewable energy targets. This can be seen from the push rooftop solar has been receiving.
Gamesa eyes solar power projects
Gamesa, one of the leading wind energy companies is also looking to invest millions and eventually expand operations into solar energy as well. Gamesa´s Executive Chairman recently told Indian journalists that the company will invest Rs 100 million in India over the next five years.
The Rs 4.5 lakh crore power rush
Over the past one year, the Indian power sector has witnessed four major deals worth Rs 20,000 crore taking shape. Call it consolidation, but financial experts suggest that bankers are pulling the trigger on the companies which are under heavy debt
IPPs are not keen for BoP services
Prayasvin Patel, Chairman & Managing Director of Elecon Engineering Co Ltd, feels that IPPs, due to several issues involved in BoP contracts, are more inclined towards EPC.
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