Green thrust to boost revival
Gas-based power capacity addition in India has been hit badly owing to factors like - the cost of power, cost of transporting gas, and non-availability of gas. A decade back there were major initiatives by different stakeholders to put up gas-based power plants thinking that the fuel will be available in plenty from domestic production.
Power Sector | Positives to be visible after reset
The Ujjwal Discom Assurance Yojana (UDAY) scheme is aimed at bringing ailing power distribution companies (discoms) to a state of operational efficiency, with state governments taking over up to 75 per cent of their respective discoms´ debt and issuing sovereign bonds to pay back the lenders
Will the black magic work again
Sample this. Coal India, the much-reviled public sector coal behemoth, produced 462 mt of coal last year, with all the much-publicised legacy problems that it faces. The top seven global (private sector) mining giants together produced around 700 mt of coal last year (see Coal output by global players). And all of India´s private players produced a mere 50 mt of coal in 2014.
Tata Power acquires Ideal Energy´s 540 MW thermal plant
Tata Power has said it has signed a share purchase agreement with Ideal Energy Project (IEPL) to acquire the latter´s 540-MW thermal power plant near Nagpur in Maharashtra for an undisclosed amount. With this acquisition, the company´s generation capacity increases to 8,885 MW.
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