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Lanco to raise $1 bn via sale of plant, listing power arm

Aiming to pare debt, Lanco Infratech will raise USD 1 billion (about Rs 6,600 crore) through the sale of one of its large power projects and listing of its power business in the next two years.

Bids for subsidy by gas power projects postponed by 1 day

Sources said the e-auction on Tuesday will be for stranded power plants, and the same for units receiving sub-optimal domestic gas will be held on May 13.

Stranded gas-based power projects to bid for subsidy tomorrow

The government will provide as much as Rs 3,500 crore in financial support to the power plants this fiscal.

Bidding process to rescue Rs 60,000 crore power plants begins

The bidding process to rescue stranded power projects worth Rs 60,000 crore began on Friday with the companies putting in bids to be technically qualified for getting government's financial support.

Panel says RPL "ineligible" for 3 UMPPs, calls for probe

Calling for a probe into award of three ultra mega power projects to Reliance Power, a Parliamentary panel Wednesday said the Power Ministry selected an "ineligible bidder" for Tilaiya, Sasan and Krishnapatnam projects.

India's steps to revive gas-based plants to help banks: Moody's

Indian government's efforts to revive the stranded gas-based power projects will benefit the banks as they have significant exposure to such plants, credit rating agency Moody's said.

Assocham for coal preference to operational end use plants

Industry body Assocham today suggested the government give preference in mines auction to captive block allocatees whose end use plants were operational at the time Supreme Court quashed allocations of mines.

Suzlon to invest Rs 15,000 cr for 2,000 MW wind projects in MP

The world's fifth largest wind turbine supplier Suzlon Energy will invest close to Rs 15,000 crore in the next five years to set up power projects of 2,000 MW capacity in Madhya Pradesh.

NTPC Board clears over Rs 10,000-cr investment

The board of directors of NTPC, country's largest power producer, has approved investment of over Rs 10,000 crore for executing two thermal plants.

Lanco to sell 3,000 MW projs, raise Rs 5,000 crore

Lanco Infratech on Tuesday said it plans to raise Rs 5,000 crore by selling power projects having total generation capacity of 3,000 MW, amid lenders looking at ways to improve the group's financial position.

Coal Ministry may revisit policy on tapering linkages

The Coal Ministry is likely to revisit the policy on tapering linkages which may be done after the apex court gives its judgement on coal mines issue.

29 hydro power projects await CWC evaluation: Goyal

As per the existing guidelines of CWC for multipurpose projects, appraisals are to be completed within 6 months for the states where the Central Design Organisation exists.

Power projects worth Rs 36,000 cr stranded on coal shortages

To increase gas availability for power plants, the Ministry of Petroleum and Natural Gas has taken various steps.

Tata Power can't terminate contracts unilaterally: NTPC

Country's largest power producer, NTPC has said that Tata Power's unit can't unilaterally call off pacts with it, and should compensate the state-run firm if it decides to do so.

Power Grid to invest Rs 5,800 cr on upgradation work

Power Grid will invest Rs 5,800 crore in Gujarat to increase the number of Extra High Voltage (EHV) substations to 12 from the existing five.

Goyal to meet bankers on Monday, to discuss bottlenecks

Goyal is also scheduled to meet the Minister of Environment and Forests Prakash Javdekar to deliberate upon the issues impacting the power and coal sectors.

PowerMin mulls Rs 6k cr subsidy to discoms for cheap power

Power Ministry has initiated the process of sourcing gas for fuel-starved power projects and has proposed Rs 6,000 crore subsidy for distribution companies so that they can sell electricity at lower rates to consumers.

CCEA approves changes to Mega Power Policy

The policy was introduced in November 1995 to provide impetus to the setting up of large power projects and derive benefits from economies of scale.

CCEA may take up Mega Power Policy proposal tomorrow

The Cabinet Committee on Economic Affairs is expected to take up Thursday the Power Ministry's proposal to amend the Mega Power Policy.

Heavy Ind Min concerned over higher ECB cap for power projects

The Heavy Industries Ministry has raised concerns over enhanced external commercial borrowing limit for funding domestic power projects, citing that the move adversely impacts local gear makers including BHEL.