Power Sector

NTPC to begin coal production from its Jharkhand mines this year

NTPC to begin coal production from its Jharkhand mines this yearIn a latest development, India's largest utility NTPC has informed that it would start coal production from its mines in Jharkhand in the second half of this fiscal.

The company plans to achieve a coal production target of 15 million tonnes per annum by 2012.

It should be noted that NTPC has ventured into the coal mining business with an aim to meet about 20 per cent of its fuel requirement from its captive mines by 2017.

IFC All Set To Make Investment In Chinese Firm Honiton Energy

IFC All Set To Make Investment In Chinese Firm Honiton EnergyThe International Finance Corporation (IFC), a member of the World Bank Group, has decided to provide both equity and debt to china-based wind energy developer, Honiton Energy Caymans Plc.

The Tanti Group, promoters of India's top wind turbine maker Suzlon Energy Ltd, holds a 23.6% equity stake in Honiton Energy.

Honiton Energy plans to build up about 1,600 MW of wind energy capacity by the next three years (2012) in China's Inner Mongolia region.

ABB opens its new facility in Bangalore

ABB power and automation technologiesABB, a leader in power and automation technologies, on Wednesday announced the opening of its greenfield automation products facility near Bangalore.

The inauguration of latest facility is one of many initiatives that company has taken up in India to build and expand capacity to meet the needs of the future.

NTPC reports 5.56% net profit; plans Rs. 17,700 capital expenditure in 2009-10

National Thermal Power CorporationAccording to the Wednesday announcement from National Thermal Power Corporation (NTPC), the company’s year-on-year net profit figures for the fiscal ending March 2009 rose 5.56 percent, after deducting Rs. 1,400 crore for the employees’ wage revision in 2008-09.

BHEL-PSSR turnover above Rs. 1,000 crore; new orders worth over Rs 2919 crore!

BhelFor the year ending March 31, 2009, the turnover of the Power Sector Southern Region (PSSR) division - which is the engineering, procurement and construction wing of the state-managed Bharat Heavy Electricals Ltd (BHEL) - has crossed the Rs. 1,000-crore mark! The precise turnover figures stand at Rs. 1,000.40 crore as compared to the earlier year figures of Rs. 675 crore.

PTC India amends earlier decision regarding shareholders raising of funds

PTC India amends earlier decision regarding shareholders raising of funds The 59th PTC India Ltd Board Meeting on Monday, April 5, was marked by the amendment of the decision taken by the company's board at the 57th meeting. The previous decision went thus: "subject to the approval of shareholders raising of funds up to Rs. 12 billion through the Qualified Institutional Placement - NCDs upto Rs. 4 billion; plus warrants of upto Rs. 8 billion."

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