Tata Power and ICICI Bank backed Resurgent Power has acquired 75.01% stake in Jaiprakash Associates 1980-mw power plant, becoming the first of the nearly dozen stressed power plants proposed to be resolved by lenders outside insolvency court.
Following an inordinate delay in developing waste to energy plants to address municipal waste issues of Bengaluru, the city corporation has now planned to install these plants on an experimental basis in two of its existing waste processing units.
ReNew Power chairman Sumant Sinha, ET Entrepreneur of the Year, said stress in the thermal sector serves as a lesson for renewable energy developers in India, but aggressive bidding to drive tariffs down is something that Indian businessmen find difficult to avoid.
Eastern and South Eastern Railways have decided to withdraw flexi fare on an experimental basis in some premium trains like Rajdhani, Shatabdi and Duronto Express that suffer from poor patronage, officials said on Tuesday.
The TAPI pipeline project, designed to diversify Turkmenistan’s gas exports, could deliver its first gas to Pakistan in 24 months, the company’s CEO said on Tuesday.
Reliance Infrastructure has bagged a Rs 16.14 crore arbitration award against National Highway Authority of India, a small win for the company which has Rs 8,000 crore of claims with different government agencies.
Buoyed by a good response for the first tender of mid-term (3 years) power purchase agreement auction, the power ministry will bring its second round for 2,500 MW capacities to give relief to stressed power asset
Tender submitted by supplier of AC local electrical components comparatively higher than another company’s. A tussle has broken out between the Integral Coach Factory and rake supplier Bombardier Transportation
On the lines of the national anthem being played at cinema halls, the government has directed 75 busiest railway stations in the country to install the national flag on their premises.
India will overtake the U.S. to become the world’s second-biggest emitter of carbon dioxide from the power sector before 2030 as the nation’s electricity demand skyrockets, the International Energy Agency said in its latest World Energy Outlook.