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Nepal to import 80 MW electricity from India from tomorrow

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Nepal will import up to 80 megawatts of electricity from India beginning Saturday to ease the ongoing energy crisis plaguing the country. Prime Minister Narendra Modi and his Nepali counterpart KP Sharma Oli will inaugurate the Dhalkebar-Muzaffarpur transmission line using a remote control from Hyderabad House in New Delhi tomorrow to supply electricity to Nepal, Energy Secretary Suman Prasad Sharma said. Although the state-owned power utility had earlier said it would import the power beginning today, it had not been able to do so due to delay in carrying out […]

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Ind-Ra: Solar power tariffs have room to fall further

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Solar power tariffs—which hit a low of Rs 4.34 per unit at a recent solar power generation bid—are likely to fall further with a reduction in solar companies’ capital costs and their access to competitive funding, a new report says. “Despite aggressive bidding, debt viability of projects with low execution and counterparty risks — especially those under the Jawaharlal Nehru National Solar Mission scheme and Solar Park scheme, is likely to remain intact,” said a recent report of India Ratings and Research, or Ind-Ra. Nevertheless, Ind-Ra warned that creditors will […]

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16 commercial building spaces can save 8,960 Mwh/year: Study

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NEW DELHI: Sixteen commercial building spaces, including that of Wipro, Tata Chemicals and Genpact, have the potential to save 8,960 megawatt hours a year, which is sufficient to power 2,400 rural homes, says a study. Energy saving in 100 such buildings can power more than 12,000 rural homes, stated a energy audit report of 16 commercial buildings across the country by The TERI Centre of Excellence, launched by The Energy and Resources Institute (TERI) and United Technologies Corp (UTC) in 2014. “The results of these audits show a total potential […]

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Nava Bharat Ventures’ 50-mw power plant to restart by October 25

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NEW DELHI: Nava Bharat Ventures, a firm engaged in power, mining and ferro alloys business, today said its 50-mw power plant, which is under renovation, is expected to restart its operations by October 25. “The 50-mw power plant, after renovation and overhaul, is now expected to restart its operations by October 25, 2015 with improved turbine heat rate and efficiency of the unit,” the company said in a regulatory filing. The 50-mw turbine at Paloncha, Telangana, was taken up for renovation and overhaul with effect from August 24, 2015. Initially, […]

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Chhattigarh-Haryana transmission link to be completed by April

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NEW DELHI: After successfully setting up transmission line from Assam to Agra last month, state-run Power Grid will link 1,365 kms stretch between Chhattisgarh and Haryana by April next year. The entire Rs 11,500-crore HVDC (high voltage direct current) link between the two states will be developed in four phases and completed by March 2017 with a total capacity of 6,000 MW. “… the first pole of 1,500 MW (phase) will be operationalised next year and the remaining three poles of 1,500 MW each will be completed by March 2017,” […]

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Preparations on for launching Kudankulam Unit-2 Nuclear plant

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NEW DELHI: Preparations are underway for operationalisation of the Unit-2 of Kudankulam Nuclear Power Plant in Tamil Nadu and stage is set for construction of two more reactors of 1000 mw capacity each, according to Russian company Rosatom which is building the atomic power plant. “The construction of the second power unit (Unit-2) has been completed at the NPP (Nuclear Power Plant) site and preparations for putting it into operation are underway,” it said in response by email to queries from PTI on the status of the Kudankulam Unit-2. It […]

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India Power to buy 3 stressed power plants for up to Rs 800 crore

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KOLKATA: India Power Corp is in advanced talks to acquire three stressed power plants with a combined capacity of about 1,000 MW. The Kolkata based company is also looking at expanding its electricity distribution area, for which it is holding discussions with the governments of Rajasthan, Jharkhand and Uttarakhand. Without naming the entities, India Power chairman Hemant Kanoria said, “These power generation assets are in the east and their total generation capacity is around 1,000 MW. We are in negotiations with the management and the bankers of these projects.” Kanoria […]

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India to pay another $700 million to Iran on 12 October

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New Delhi: India on 12 October will pay another $700 million to Iran to clear part of past oil dues, the second payment since the Persian Gulf nation reached a historic nuclear deal with western powers. Essar Oil Ltd, Mangalore Refinery and Petrochemicals Ltd (MRPL), Indian Oil Corp. Ltd (IOC) and Hindustan Petroleum Corp. Ltd (HPCL) had on 30 September paid the first tranche of $700 million to clear a chunk of the $6.5 billion they owe to Iran for past oil purchases. A second tranche is scheduled to be […]

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Wary of risks, GAIL to take 10% stake in TAPI pipeline

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New Delhi: India will take no more than 10% stake in the US-based $10 billion Turkmenistan- Afghanistan-Pakistan-India (TAPI) natural gas pipeline, considering the risk associated with the project. The four nations to the pipeline had in August agreed to co-own the project and a joint venture company with participation of each country is to be set up to build and operate the 1,800-km line. “Turkmenistan’s state-owned TurkmenGaz will be the leader of the consortium and will take a minimum 51% stake. India will be represented by (state gas utility) GAIL […]

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