The power sector being the largest emitter of CO2 has a key role to play if India wants to achieve its target of going net-zero by 2070. This will mean that we would need to move away from coal-based
Plans to add 10,000 MW capacity in the next five years CONSOLIDATING GROWTH: Prasad Menon (left), Managing Director, with S. Padmanaban, Executive Director, Operations, Tata Power, addressing a press conference in Mumbai on Monday. Tata Power has reported a total revenue of Rs. 5,915.91 crore in the year ended March 31, 2008 against Rs. 4,715.32 crore in the previous year. The profit after tax rose by 24.8 per cent at Rs. 869.90 crore against Rs. 696.80 crore. The company has announced a dividend of Rs. 10.50 per share of Rs. 10 each.
Tata Power Company (TPC), the country's largest private power generation company, plans to invest Rs 25,000 crore to boost its capacity by six-fold to 12,800 mw by 2013. At present, the company is implementing new power projects to the tune of 5,500 mw.
Himachal Pradesh will have the country's first solar-grade silicon plant, based on environment friendly, state-of-the-art technology. The plant will be set-up by Indo-Norwegian Solar Company. "It will manufacture silicon ignots and wafers at 70 per cent lower cost, to meet India's emerging demand for solar cells. The price of silicon has been increasing rapidly as there are only few manufacturers of solar-grade silicon,' Erik Tonseth, chairman of the company, said.
The country's electricity generation is diminishing every month, belying the authorities' much-trumpeted assurance that power supply situation would improve from May with the end of irrigation season. Frequency of outages throughout the country has been on the rise as the Power Development Board rather added less electricity to national grid in May than in June, PDB data showed. The interim government time and again said that they would be able to save on electricity when irrigation pumps would be shut from May and so-called rental power plants would come into operation.
The government has approved the mining plan for the coal block that Anil Ambani group firm Reliance Power plans to use for setting up 4,000 MW Ultra Mega Power Project at Sasan in Madhya Pradesh. Mining plan for Moher and Moher-Amlori extension coal block relating to Sasan Power for Sasan ultra mega power projects was approved by the ministry of coal earlier this month, an official source said on Sunday. Sasan Power Ltd is a special purpose vehicle (SPV) set up by Power Finance Corp for the Reliance Power's 4,000 MW Sasan ultra mega power project in Madhya Pradesh. PTI
Sujay Mehdudia Seeking to address the ground reality and change the way of working of public sector power companies, the Prime Minister's Office has directed the Power Ministry to change the definition of "commissioning of projects' and use the Commercial Operation Date (COD) as the relevant milestone. In a letter to Power Secretary Anil Razdan, the PMO has said there is need for a specific milestone to unequivocally determine the actual addition to power generation capacity in the country.
Indo Asian Fusegear, a Noida-based manufacturer of electrical lighting and switchgear equipment, is planning to foray into power generation. "We are looking at options in hydel and wind projects," said Joint Managing Director P K Ranade. Ranade has already visited prospective hydro project sites in Himachal Pradesh.
VIRENDRA SINGH RAWAT The two proposed power plants in Allahabad for which Anil Dhirubhai Ambani Group (ADAG) company Reliance Power has emerged as the lowest bidder are yet to get clearance, from the Airports Authority of India (AAI). "The AAI clearance is required in these cases as the Bamrauli airstrip of Allahabad falls within the zone of the power projects," a senior Uttar Pradesh Power Corporation Ltd (UPPCL) official involved with the projects told Business Standard.
NTPC, which generates nearly 30,000 Mw, is aiming at a capacity of 50,000 Mw by 2012. In its biggest-ever credit line, the Power Finance Corporation (PFC) will lend Rs 10,000 crore to the country's largest power producer, NTPC, for various projects to be completed in the current 11th Five-Year Plan. According to officials, the MoU between the two PSUs is likely to be signed in the next one week and the money will be disbursed in instalments.
Ignatius Pereira An acute power shortage gripped the State on Wednesday. Kerala State Electricity Board (KSEB) sources told The Hindu that austerity measures in distribution may become inevitable. The KSEB has issued a statement asking consumers to cut down on consumption. Cause of crisis
