Cabinet clears coal linkage policy
In a long awaited relief for the thermal power sector, the Cabinet has approved ‘Shakti’ (acronym Scheme to Harness and Allocate Koyla (Coal) Transparently in India), a policy which aims to auction long-term coal linkages to power companies. The move is expected to revive 30 GW of power plants awaiting fuel supply, including those of Reliance Power, Adani Power, Lanco Infratech, GMR Energy, DB Power, CESC and KSK Energy.
APL acquires Lanco Infratech´s Udupi Power plant
Adani Power Limited (APL) has announced the acquisition of 100 per cent shares of Udupi Power Corporation Limited (UPCL) from Hyderabad-based Lanco Infratech Limited in a deal valued at Rs 6,300 crore. UPCL is a 1,200 MW power plant based on imported coal and includes a captive jetty for coal imports.
Lanco may sell more power assets
After selling its 1,200 MW thermal power plant in Udupi to Adani Power recently for Rs 6,000 crore, Lanco Infratech now plans to sell another 3,000 MW capacity for Rs 20,000 crore, wiping out its operational power portfolio.
'Change UMPP bidding norms'
The private power industry has proposed changes in the bidding norms for two Ultra Mega Power Projects (UMPPs) planned to be set up in Odisha and Tamil Nadu.
Best & Brightest
The Government is expected to come up with fire power in the form of a mega Rs 50,000 crore equity fund as it looks for 24x7 supply in villages. The initial corpus is expected to flow in from State-run banks and power sector FIs such as Rural Electrification Corporation and Power Finance Corporation.
Lanco Kondapalli power plant wins 1st prize in energy conservation
Lanco Infratech Limited (LITL), one of India´s largest integrated infrastructure enterprise, has announced that its unit Lanco Kondapalli Power Plant situated at Kondapalli Industrial Development Area near Vijayawada, has been awarded the prestigious National Energy Conservation Award 2013 in the award function held recently at Vigyan Bhavan, New Delhi.