Adani, JSW & Tatas Bid For Stake In GMR’s Power Plant

Adani, JSW & Tatas Bid For Stake In GMR’s Power Plant

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.

Adani, Essar And Tata Caught In The Political Crossfire

Adani, Essar And Tata Caught In The Political Crossfire

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”.

Gujarat BJP Government Squandered Rs 26,000 Crore By Buying Electricity At High Rates From Adani, Essar, Tata And China Light Power: Congress

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.

Government stitches rescue plan for Tata, Adani power plants

Government stitches rescue plan for Tata, Adani power plants

The biggest rescue package being stitched together for distressed power plants could see lenders take over three imported coal-fired generation stations of the Tata, Adani and Essar groups, involving an estimated investment of over Rs 40,000 crore, and transfer 100% equity for Re 1 to consumers states, including Gujarat where these plants are located.

110 Maoist hit cut-off villages in Odisha to be illuminated soon

110 Maoist hit cut-off villages in Odisha to be illuminated soon

Report by Kishore Dash; Bhubaneswar: As many as 110 remote villages in Naxal-affected cut-off area, on the other side of the vast Chitrakonda reservoir in the district which have no electricity supply since long will soon be illuminated thereby opening a new window for the development of the region to where right now there is no on road connectivity