TD Power Systems is planning to enter the large electric generators space. The manufacturer of electric generators is investing Rs 200 crore for the expansion. The company currently manufactures generators of sizes 1MW to 55 MW and proposes to increase the range from 50 MW to 250 MW. According to the company’s Joint Managing Director, [...]

In an effort to profit from increasing demand for electricity, Power Finance Corp is planning to invest $42 billion by the end of March 2017 in India’s power sector. According to government estimates, India’s power sector will need $300 billion-o $400 billion between 2012-2017 to expand its generation capacity of 186.6 gigawatts. The government has [...]

Vedanta group’s Sesa Goa will buy 100 per cent stake in Vidoecon Industries’ Goa Energy for Rs 53.72 crore. In a regulatory filing, the private sector iron ore miner said it has signed a definitive share purchase agreement with the shareholders for the “all cash deal”. The agreement includes taking over an existing debt of [...]

Various factors including global economic uncertainty, high interest rates and the lack of new policy initiatives have driven new project announcements in the country to its lowest in the past couple of years. “The new project announcements by Indian corporates are drying up rapidly. In September quarter this year, only 770 projects worth Rs 2.60 [...]

State-run lender for the power sector Power Finance Corp is hoping that it could raise nearly Rs 16,800 crore in the coming months through issue of securities, including tax-free bonds. The company has already started the sale process for tax-saving infrastructure bonds and tax-free bonds, which together could raise up to Rs 11,900 crore. Further, [...]

A Karnataka team led by Energy Minister Shobha Karandlaje arrived in New Delhi Wednesday to plead with the Central government for more power as severe shortages have forced long hours of outages and staggered holidays for industries. Talking to journalists in Bengaluru before she headed for the country’s capital, Shobha said, “The details will be [...]

In the third quarter of calendar year 2011, that is between July and September, the energy sector has attracted maximum investments from the private equity players. Of the $2.25 billion worth PE placements across 98 deals in Indian companies during the quarter, about $823 million, or 37%, was in 16 energy-sector companies, according to data [...]

Bihar, which survived on supplies from the Central sector for long, is taking quick steps to have adequate power-generation capacity. If reports are to be believed, at least 23 companies including Tata Power, Videocon, Reliance Power, Essar have shown interest to set up three supercritical power stations of 2 X 660 MW (1,320 MW) each [...]

An e-procurement portal of Bharat Heavy Electricals Limited (BHEL) was launched by A V Krishnan, Executive Director, BHEL, in Tiruchi. A BHEL press release said here today that the portal was developed under the digitisation process of the enterprise procurement system (EPS) of the public-sector major. As part of the strategy, BHEL has decided to [...]

Thanks to an intensive nine-month evaluation and with a three-month pilot implementation, Atkins announced a decision to adopt Wrench as its global platform for project collaboration, control, and communication. A press release said the new technology will enable technical and design governance across all offices and automate business processes by integration with Microsoft Sharepoint and [...]