Government owned companies, the Nuclear Power Corporation of India (NPCIL) and NTPC would jointly work for setting up nuclear power plants, in a bid to over come shortage of power, indispensable to propel economic and industrial growth of the country.

The MoU was signed by NPCIL Chairman and Managing Director, S. K. Jain and NTPC Chairman and Managing Director, R. S. Sharma in the presence of Union Minister of State for Power and Commerce Jairam Ramesh and Anil Kakodkar, the Atomic Energy Commission Chairman of country.

Bharat Heavy Electricals (BHEL) has announced its financial results for the third quarter of current financial year.

India’s largest power equipment manufacturer has posted a marginal 2.4 percent growth in net profit for Q3 ended December 31, 2008 on account of high raw material costs and increased wage revision.

Its net profit stood at Rs 790.56 crore against Rs 771.90 crore for the quarter ended December 31, 2007.

It was confirmed by Kalpataru Power Transmission on Thursday that it has acquired an order

The Tilaiya ultra mega power project (UMPP) in Jharkhand has been acquired by Reliance by proposing to supply power at Rs 1.77 per unit, which is the lowest price quoted by the four companies in the fray.

The government owned NTPC was the one to come with the next bid for the Rs 16,000-18,000-crore project that assured to provide power from the pithead coal project at Rs 2.39 per unit.

Jindal Steel and Power and Sterlite Industries were other two bidders. The former offered to supply power at Rs 2.69 per unit whereas latter bid the highest at Rs 2.97 per unit.

Refex Energy, the part of BSE-listed Refex refrigerants, has informed that the firm is setting up a 50 MW solar PV power plant in Gujarat.

Recently, the energy firm for the purpose has signed a MOU with energy and petrochemicals department in the State.

Refex Energy stated in an official communiqué that it intends to begin the first phase of the 50 MW in 2009 and complete the investment in stages.