The idea is that these plants are run by the SPV without any change in their current ownership, for a reasonable period, within which their value could improve as demand picks up. Amid the prospect
Want liability exclusion in case laws change abroad oppose tariff renegotiation after bids are opened A power producers’ group has demanded clauses to offset changes in international laws, with regard to ultra mega power project contracts, while opposing tariff renegotiation after the financial bids are opened.
In a strong penal action, the Madhya Pradesh Government has debarred Lanco Power and other Lanco Group firms from bagging contracts or business in the State for a period of five years. The state government
The enquiry into the Lanco Infratech case is going on, said Mr Farooq Abdullah, Minister for New and Renewable Energy, on the sidelines of an Assocham conference. He, however, did not give any timeline
CSE study shows that wind energy business often subverts the purpose for profit, and wind farms do not generate energy It was a trade exhibition abuzz with the restrained chatter of busy suited executives at company stalls making contacts and finalising deals. Nothing out of place — except that this trade was in renewable energy technologies, which have unconventional reasons for growth.
Solar projects that feed power into the grid and are available to their full capacity will be considered as commissioned under the National Mission. This has been stated by the Ministry for New and Renewable
Lanco Infratech is known to be in talks with international energy majors like AES of United States and Gaz de France to sell a part of its power business. The company had recently said it planned to sell a minority stake in its power business and raise $600-$750 million (Rs 2,940- Rs 3,675 crore). “We have gone on record about the fact that we retained Macquarie to help raise equity for Lanco’s power business. This involves talking to various investors interested in the Indian power sector over a considerable period of time, which may include the names mentioned
KG Basin output likely to decline to 27 mmscmd from 35-36 mmscmd. The gas-based power plants of GVK Power, Lanco Infratech, GMR and others, all based in Andhra Pradesh, are functioning at less than 50
New Delhi With the government preparing to rationalise gas distribution from RIL’s KG-D6 block in the wake of a drop in production, Lanco and GMR plants in Andhra Pradesh are a worried lot. Lanco’s Kondapalli power plant expansion and GMR Tanir Bawi power plants in Andhra Pradesh, which are earning a fortune by selling power in the free market, are facing cancellation of gas allocation from RIL’s KG-D6 block.
New Delhi NTPC Vidyut Vyapar Nigam (NVVN), the nodal agency for implementing the National Solar Mission, has encashed the bank guarantee of 14 developers who failed to meet the commissioning deadline under
With companies missing deadline for the National Solar Mission, NTPC Vidyut Vyapar Nigam (NVVN) has encashed bank guarantees of 14 project developers including Lanco Infratech, Aftab Solar, Amrit Engineering and Alex Solar. Of the 14 projects, Lanco is engineering procurement and construction (EPC) contractor in three. The action follows with 14 project developers failing to meet the commissioning deadline under the first batch of phase I of the national solar mission. Besides, the Ministry of Corporate Affairs, which is represented in a three-member committee probing the issue of floating of front companies, has simultaneously started gathering information on the status of companies accused for flouting the norms.
