Adani Power, JSW Energy and Tata Power have submitted bids to acquire a majority stake in GMR Infrastructure 1,370-mw power plant in Chhattisgarh. Sources said state-run Neyveli Lignite did not submit its bid for the project. Neyveli had earlier held talks with the lenders for acquiring acontrolling stake in the project.
India’s Adani said on Monday it had cancel Led plans with Downer EDI Ltd to help develop and run its Carmichael coal mine in Australia after failing to secure a cheap government loan for the A$16.5 billion (US$13 billion) project.
The Congress recently alleged that the BJP government in Gujarat had let four private companies -Adani, ESSAR, Tata and China Light Power – to “squander” Rs 26,000 crore of the public exchequer. The Opposition claimed that the ruling party had purchased electricity from these four companies at “unimaginably high rates” in a “huge power purchase scam”.
Chinese Banks Refuse Loan To Adani’s Controversial Mine Project In Australia Due To Environmental Concerns
Two major state-run Chinese banks have refused loan to Indian energy giant Adani’s controversy-hit Carmichael coal mine project in Australia due to environmental concerns. The 16.5 billion dollar Carmichael coal mine project, one of the world’s largest, will start construction after being given the green light by the federal and Queensland state governments.
The state government-sponsored bids for tenders of solar power projects in Odisha is likely to see stiff competition, as top-notch private developers and leading public sector undertakings (PSUs) compete in the bidding process.
Gujarat BJP Government Squandered Rs 26,000 Crore By Buying Electricity At High Rates From Adani, Essar, Tata And China Light Power: Congress
The Congress on Thursday alleged that the BJP government in Gujarat had let four private companies — Adani, ESSAR, Tata and China Light Power — to “squander” Rs 26,000 crore of the public exchequer by purchasing electricity from them at “unimaginably high rates” in a “huge power purchase scam” in the state.
The incumbent Australian Labor Party (ALP) is well on way to form government in Queensland, a result that casts shadow on Adani Group’s proposed $16.5 billion coal mine in the state’s north.
Indian resources conglomerates Adani and Vedanta are considering bidding for a $9 billion diamond project in the country that was abandoned by global miner Rio Tinto this year, according to multiple sources with knowledge of the matter.
Indian energy giant Adani says it has found a retailer to sell energy generated by its new central Queensland solar plant.
Indian mining giant Adani today named the regional Australian cities of Rockhampton and Townsville as ‘Fly-in-Fly-out’ (FIFO) hubs for its employees working in the 16.5 billion dollars Carmichael coal project.