The wind power sector is going through a transformation with the entry of competitive bidding process. Though it could keep up the pace as of now, analysts say, it will slow down going ahead.
“Fulfilled all-land compensation commitments for Gadarwara project,” says NTPC
NTPC Ltd has fulfilled all its commitments for the acquisition of land for its 1,600 MW Gadarwara power project, which is in tandem with the,Madhya Pradesh government's rehabilitation department and the tripartite agreement signed with the land owners and administration, according to the state-run company.
BHEL wins 2,400 MW project
In a surprise win, PSU giant BHEL has emerged the lowest bidder in the tender to build a 2,400 MW joint NTPC-Jharkhand government plant, beating Larsen & Toubro and Korea's Doosan. Estimated at around Rs 14,000 crore, it included EPC of 3x800 MW coal-fired plant and the Patratu Thermal Power Station.
MoC establishes GST facilitation cells
With a view to facilitate the implementation of GST for the stakeholders concerned with Ministry of Coal and its organisations, the Secretary (Coal) held a meeting to review the status of preparedness for GST and the steps to be taken by the organizations under it for smooth implementation within the organizations and also to facilitate and guide the stakeholders particularly, their consumers and suppliers.
Under Ind AS, Financial Statements Will Have A Face Off
The power sector in India is highly regulated, with continuing regulator's involvement in pricing, security of supply and extensively capital intensive. Till 1991, the whole infrastructure sector (of which power is a part) was primarily under government ownership, but due to severe foreign exchange crisis and a lack of capital for expanding infrastructure capacity, the Indian government allowed private foreign and Indian investments in the sector.
Road to the top!
Public utilities have played a significant role in India´s growth story. Be it garnering wealth for the nation, ensuring planned development, contributing to public exchequer, working towards sustainability and social empowerment or initialising corporate governance, they have always been in the forefront. Here, we look at the power sector PSUs and their contribution to the country.