DRDO harnesses wind energy in snow riming areas
In Chandigarh, DRDO laboratory and the US army's Cold Regions Research and Engineering Laboratory (CRREL) have jointly developed a project of the Snow and Avalanche Study Establishment (SASE). Under the project, a prototype has been developed to harness wind energy, which can overcome ice and snow accumulation on wind turbine structures.
ABB to strengthen presence in India
Solar power equipment maker ABB plans to strengthen its presence in India as it feels that the country's PV market is one of the most rapidly growing solar power markets in the world.
Gammon India board to talk debt restructuring
The board of construction and engineering company Gammon India has agreed to begin talks with lenders to restructure the
company's debt through the corporate debt restructuring process, it said in a statement late on Wednesday.
ABB expands its central inverter production to India
The Indian PV market is one of the most rapidly growing solar power markets in the world. The long-term commitment of the Indian government to developing a sound and healthy PV market makes it reasonable for ABB to expand production
Techno Electric to expand wind energy capacity in FY14
Kolkata-based Techno Electric & Engineering may not have added any wind energy capacity in the current financial year, but it has big plans to expand in 2013-14, according to a top company official. The company so far has wind generation capacity of 207 mega watt, of which 162 mw is under its subsidiary Simran Wind Projects and 45 mw with itself.
Jhajjar KT Transco inaugurates its sub-station in Haryana
Jhajjar KT, a special purpose vehicle, is a joint venture between Kalpataru Power Transmission and Techno Electric and Engineering Company (51:49). The company got the contract from Haryana Vidyut Prasaran Nigam in May 2010 to build a 400 kv intra-state power transmission system.
Techno Electric Q3 FY13 Financial Results
Techno Electric & Engineering Company Ltd (TEECL), one of the leading power sector EPC Companies in the country, also having presence in Power Generation & Transmission, announced its financial results for the quarter and nine-month ended 31st December 2012. Consolidated Total Income from Operations was at Rs 149.30 crore for the third quarter of FY13 against Rs 169.71 crore in the corresponding quarter last fiscal.
Tata Power, Rockwell to bid jointly for IAF equipment contract
To supply radio equipment to the Indian Air Force (IAF) Rockwell Collins Inc will jointly bid with Tata Power's unit. The contract is expected to be worth $150 million to $200 million, Rockwell Collins, the US-based company said. Rockwell Collins, a supplier of avionics and other electronic systems for commercial and military airplanes, said it would provide the technology for the contract, while Tata Power's engineering unit would be the prime contractor.
Book Discipline Key to Success for Power Sector
The power sector is expected to be heading towards a consolidation phase. Companies with strong balance sheets shall acquire the weaker players who venture into the sector without the requisite experience for operating a power plant. These weaker players would also like to exit the sector given their small balance sheet size and the mounting pressure from banks to repay the debt, avers Saurabh Mukherjea and Bhargav Buddhadey.
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