Tata Power CEO Anil Sardana may resign as group plans rejig
Following his tenure of over two decades at different Tata Group companies, Tata Power chief executive officer (CEO) Anil Sardana may soon be putting in his papers, according to sources who added that the resignation could come in anytime this week. Sardana is seeking growth opportunities outside the group, the second person said.
Gujarat power discoms seek fuel-surcharge increase
Power distribution companies (discoms) in state have approached Gujarat Electricity Regulatory Commission (GERC) seeking a hike in fuel price and power purchase adjustment (FPPPA) base price or fuel surcharge. However, the disocms have not sought any increase in basic electricity tariffs for fiscal 2018-19.
More power to gas will fuel cogeneration
The gas-based cogeneration in India is still a challenge because of gas pricing. Currently, it is difficult to motivate the consumer to go for the gas- based combined heat and power (CHP) option. Except for fertilisers and oil & gas companies, we are not seeing much except for those installed before.
Kudankulam NPP Units 5 and 6 entering implementation
Three main contracts for Units 5 and 6 of the Kudankulam nuclear power plant were signed between ASE Group of Companies (a part of ROSATOM State Atomic Energy Corporation) and the NPCIL on July 31, 2017. The contracts are: for supply of the equipment with long manufacturing cycle, for the first priority design works and for supply of the working documentation.
The Indian Power League
We at Power Today are pleased to present to you Power 20:20, the league of 20 companies and 20 people who have made a mark during 2015-16 going by various parameters, for the 8th year in a row.
BPCL buys 21percent in Fino
State-owned oil marketing company Bharat Petroleum Corporation (BPCL) said that it has signed a deal to acquire 21 per cent stake in FINO PayTech for Rs.251 crore in an all cash deal. FINO holds a licence to set up a payments bank. BPCL said that the deal would be completed by December 2016.
Raising of resources to fund Nuclear Insurance Pool
M/s General Insurance Corporation of India (GIC-Re), along with several other Indian Insurance Companies, has launched the India Nuclear Insurance Pool (INIP) with a capacity of Rs.1,500 crore to provide insurance to cover the liability as prescribed under Civil Liability for Nuclear Damage (CLND) Act 2010.
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