India's largest power company National Thermal Power Corp Ltd. (NTPC), Asian Development Bank (ADB), GE Energy Financial Services, Kyushu Electric Power Co and Brookfield Renewable Power have jointly signed a Memorandum of Understanding (MoU) on Tuesday, to form a joint venture company for generating renewable power.

Anil Ambani group firm Reliance Power (R-Power), has received US$1 billion funding from three Chinese banks for the Sasan ultra mega power project (UMPP) in Madhya Pradesh.

The fund raised from China Exim Bank, Chinese Development Bank and China Export & Credit Insurance Corporation (Sinosure).

Reliance Power is currently developing two power projects — Rosa Phase I (600 Mw) and Sasan UMPP (3,960 Mw).     

As per views of stock market experts, investors can purchase PGCIL (Power Grid Corporation of India) stock above Rs 95, in order to achieve an intraday target of Rs 97.5.

The stop loss for the suggested counter is Rs 94.2. The stock pricing becomes more attractive, and reach above Rs 99.5, if the stock markets remain positive.

Tata Power Company (TPC), India’s largest private power utility, has picked up 26% stake in the Royal Government of Bhutan (RGoB) promoted 114 MW run-of-the-river hydro electric power project over river Dagachhu through Druk Green Power Corporation (DGPC).

Tata Power Trading has negotiated to purchase all the power generated from the project.  

Under the deal, Tata Power Trading will off-take power from the project for a period of 25 years and the power will be delivered at India-Bhutan border.

Paris - Ten days after the leak of radioactive uranium from a nuclear power plant in southern France, Environment Minister Jean-Louis Borloo said he wants all of France's reactors and the surroundi

Bharat Heavy Electricals Limited (BHEL), the countr