Rgppl To Upgrade Dabhol Power Plant

nRgppl To Upgrade Dabhol Power Plant

A plan to add 2,100 MW of capacity to the Dabhol power plant has been approved by the board of Ratnagiri Gas and Power (RGPPL), which runs the plant. The capacity addition is estimated to cost Rs 8,820 crore. The gas-based project has a total project area of about 1,700 acre. It also has an associated liquefied natural gas (LNG) terminal.

R Power Awards Ge Rs 10k Cr Order

R Power Awards Ge Rs 10k Cr Order

Reliance Power has awarded a Rs 10,000 crore equipment order to GE Energy India for the expansion of its 2,400-MW gas-based power project at Samalkot, in Andhra Pradesh. Under the contract, GE will supply six frame 9FA gas turbines, 3 D-11 steam turbines and generators for the power project.

Bina Refinery To Resume Operations In 2011

Bina Refinery To Resume Operations In 2011

Bharat Petroleum Corporation’s Bina refinery, located in Madhya Pradesh, will commence operations early next year as a power plant, critical for the plant, will be set up in January after a delay of 21 months. The Rs 11,400 crore refinery is losing Rs 2.5 crore per day as it has not been able to function after a test run that was done by drawing power from the grid and using a hired boiler in July.

Isgec To Set Up 4,000 Mw Boiler Facility

Isgec To Set Up 4,000 Mw Boiler Facility

Isgec John Thompson (IJT), a division of Saraswati Industrial Syndicate Ltd and, Foster Wheeler North America Corporation, US, plan to set up a manufacturing facility for sub-critical and supercritical boilers in Tamil Nadu. The greenfield project is likely to see an investment of around Rs 800 crore. For the same, the company has sought 150 acre in the Tiruchy- Madurai belt.

Cccl Plans To Raise Rs 250 Cr From Pe

Cccl Plans To Raise Rs 250 Cr From Pe

Consolidated Construction Consortium Limited (CCCL) has made plans to raise about Rs 250 crore from a private equity (PE) fund for its infrastructure arm CCCL Infrastructure. The company also plans to foray into oil and natural gas by floating a separate division and would be followed by its foray into pipeline and ports business. At present,

Gail Plans Rs 400 Bn Investment

GAIL India will explore gas sector investment in the African market. It will make a capital investment of around Rs 400 bn ($8.8 bn) by 2014-15, mainly to expand its pipeline network and boost petrochemicals capacity.

Rgppl To Upgrade Dabhol Power Plant

A plan to add 2,100 MW of capacity to the Dabhol power plant has been approved by the board of Ratnagiri Gas and Power (RGPPL), which runs the plant. The capacity addition is estimated to cost Rs 8,820 crore. The gas-based project has a total project area of about 1,700 acre. It also has an associated liquefied natural gas (LNG) terminal.

Spanco to be Nagpur's power discom

Spanco has received a letter of intent from the Maharashtra State Electricity Distribution Company for distributing power to most parts of Nagpur. Spanco's bid, to be the power distribution franchisee for 15 years, was the highest at Rs 5,350 crore. It will provide efficient power, reduce losses and provide high level of consumer satisfaction to four lakh consumers of Nagpur city for 15 years.

APGenco awards water management project to VA Tech

The Andhra Pradesh Power Generation Corporation (APGenco) has placed order with VA Tech Wabag, one of the leading players in the water treatment sector, for total water management at their thermal power projects at Kakatiya and Rayalaseema under balance of plants package as part of consortium. Wabag part involves around Rs 290 crore for total water management.

Valecha Engg to forays into power sector in Madhya Pradesh

Valecha Engineering Ltd (VEL), through its 100 per cent subsidiary Valecha Infrastructure Ltd, is foraying into power sector by setting up 440 MW project in Madhya Pradesh. It has signed an MoU with the Government of Madhya Pradesh to this effect at the Global Investor Submit held at Khajuraho.

Jindal Power to raise Rs 7,000 cr, expand steel and power capacity

Jindal Power to raise Rs 7,000 cr, expand steel and power capacity

Jindal Power, a subsidiary Jindal Steel and Power, is likely to raise Rs 7,000 crore through initial public offer (IPO) in the next six months. According to the Executive Vice Chairman and Managing Director Naveen Jindal, the company will augment its power generation capacity to 6,000 MW in three years from the current 2,000 MW.

HPCL to expand Vizag refinery capacity for Rs 13k crore

HPCL to expand Vizag refinery capacity for Rs 13k crore

Hindustan Petroleum Corp Ltd will invest Rs 13,000 crore to double the capacity of its Vizag oil refinery in Andhra Pradesh to 15 million tonne a year by 2013-14. The preparation of detailed feasibility report (DFR) was in progress.

NLC to set up coal fired power plants and a wind mill

NLC to set up coal fired power plants and a wind mill

Neyveli Lignite Corp has proposed to set up 2,000 MW each coal-based power plant in Orissa and Uttar Pradesh and a 50 MW wind mill in Tamil Nadu costing of Rs 313 crore. However, according to recent reports, coal fired power plants cost as much as Rs 20,000 crore.

L&T secures order from Jaiprakash Power Ventures

L&T secures order from Jaiprakash Power Ventures:

"L&T has bagged an order worth Rs 6,500 crore from Jaiprakash Power Ventures for its 1,980 MW (3x660 MW) power plant being set up in Karchana district of Uttar Pradesh.

Adani Power eyes solar energy, inks 40 MW deal-Power-Energy

Adani Power eyes solar energy, inks 40 MW deal-Power-Energy-News By Industry-News-The Economic Times:

"MUMBAI: Power utility Adani Power is installing a 40 MW solar power plant in Gujarat as it forays into renewable energy, a top official told Reuters on Tuesday.

Power-hungry India seeks coal reserves

Power-hungry India seeks coal reserves:

"Australia could benefit as India looks for the coal and oil it increasingly needs to feed its rapidly expanding economy. POWER stations are a symbol of how rapidly India's economy is expanding.

Adani to buy Australian coal miner's assets for Rs 4,200 cr-Metals & Mining-Ind'l Goods

Adani to buy Australian coal miner's assets for Rs 4,200 cr-Metals & Mining-Ind'l Goods / Svs-News By Industry-News-The Economic Times:

"NEW DELHI: Adani Enterprises is likely to buy Australian firm Linc Energy's coal assets in Queensland for about Rs 4,200 crore and an official announcement is expected on Tuesday.

Reliance Power used 50% IPO funds, projects yet to start

Reliance Power used 50% IPO funds, projects yet to start: Macquarie Equity Research-Power-Energy-News By Industry-News-The Economic Times:

"MUMBAI: Reliance Power has spent half of the proceeds garnered from its initial share sale but has not made much progress on the execution of its major power projects, according to Macquarie Equity Research. RPower had raised $2.5 billion in January 2008, from the largest IPO in the history of the Indian markets. The report, authored by analyst Jeff Evans, retains an underperform rating on the stock as he believes the current market value cannot be justified considering what it describes as the “risk around execution”. A lot of success is already built into the price, according to the report.

Mr Evans says that the bulk of the money spent in the past two quarters have not been on the five power projects highlighted in the prospectus, including the so-called ultra-mega power project at Sasan. Ultra-mega projects are large power plants capable of generating more than 4,000 mw. Such projects, awarded by the government through a tendering process, are a key component of India’s plans to ramp up generating capacity."......................

Adani buys Galilee coal block in Australia

The Hindu : Business / Companies : Adani buys Galilee coal block in Australia:

"Gautam Adani-led Adani Enterprises Ltd. (AEL) on Tuesday entered into a pact with Australia's Linc Energy to buy the latter's coal assets for Australian dollar 500 million (about Rs.2,100 crore).

In addition, Adani will pay a royalty of A $2 on every tonne of coal mined over the next 20 years to the Australian miner, under the purchase agreement inked by its subsidiary, Adani Mining Pty.

The royalty payments are estimated at A $2.5 billion (about Rs.10,500 crore), taking the overall deal size to Rs.12,600 crore.

“We were in search of coal mines to enable the rapid expansion of the power business of Adani Power in India while also expanding AEL's coal business, where we are the largest importer of thermal coal,” AEL CFO Devang Desai told reporters here.

“As per our Vision 2020 development plan, we aim to increase our power generation capacity from 13,000 MW to 20,000 MW,” Mr. Desai said.".....................

Gujarat government against second UMPP in the state

Gujarat government against second UMPP in the state - Economy and Politics - livemint.com:

"Ahmedabad: The Gujarat government has opposed the setting up of a second ultra-mega power project (UMPP) in the state on the grounds that its present terms of allowing a pass-through of any escalation in the cost of imported coal to consumers through higher tariffs were not acceptable to the state government.