Power distribution company BYPL has signed a memorandum of understanding (MoU) with Business Finland, a Finnish government agency, for collaborative activities in different areas, including energy efficiency and electric vehicles.
Deep in the jungles of eastern India lies an abandoned power plant, a warning symbol for the $38 billion of additional bad loans which are about to engulf the country’s banks.
Tata Sons chairman N Chandrasekaran will present his five-year vision plan for the group’s larger listed companies, updates of various mergers and acquisitions, and progress on the creation of different business verticals at a two-day board meeting starting Tuesday in London.
Tata Steel, which bought Bhushan Steel, the bankrupt promoter of power company Bhushan Energy, is now the sole bidder in the fray for the latter too, said two people familiar with the development.
India is fast-tracking environmental clearances for projects like power plants and coal mines in a bid to propel growth, setting off alarm bells among environmentalists and affected residents who say the decisions are being made too quickly.
Krishnapatnam port operator Navayuga Engineering and state-run Sikkim Power Investment Corporation have submitted binding bids for the Rs 15,000-crore planned hydro power project in Arunachal Pradesh that is undergoing insolvency proceedings.
The government has advised manufacturers of air conditioners to set the default temperature on their machines at 24° C. India is projected to have an air conditioning load of at least 200 gigawatts by 2030. Therefore, an initiative to rein in the energy spent on cooling makes eminent sense.
General Electric Co is close to a deal to sell its industrial gas engines business to private equity firm Advent International for $3 billion or more, The Wall Street Journal reported on Sunday, citing people familiar with the matter.
With the start of paddy transplanting in Punjab, the state has witnessed a 33% increase in the demand for power compared to the previous year.
Government employees are supposed to be a notch above others as far as civic sense is considered. However, this does not seem to be the case. An SNDL survey has found out that over 5,000 government and civic employees are not paying power bills and some are also pilfering power. A large percentage of these employees are cops.