Search Result for : Ntpc

The Dollar Business Bureau The Government said on Sunday that it is targeting to bring down the imports of thermal coal to ‘zero’ of power public sector units (PSUs) such as NTPC Ltd in this fiscal, a step that will help in cutting down the import bill of the country by about Rs.17,000 crore. “This year we want that coal import by these plants (of public sector companies) should be brought down to zero and slowly we would convince the private sector that there is no need for you to import coal,” Susheel Kumar, Secretary - Coal told the PTI. The government would gradually persuade the private firms to stop the imports of thermal fossil fuel and source their coal requirements through local sources as this is ...

The Dollar Business Bureau The Madhya Pradesh state government formally signed strategic agreements to fuel India’s ambitions of cheaper solar tariff. A formal function at Delhi, presided by Piyush Goyal, Union power minister, Shivraj Chouhan, Chief Minister of Madhya Pradesh and Venkaiah Naidu, Union Minister for Urban Development, saw signing of deals for the Rewa Ultra Mega Solar Park (RUMSP). RUMSP is a joint venture between the Madhya Pradesh Urja Vikas Nigam Limited and Solar Energy Corporation of India Limited, aimed at a 1,590 acre solar park in the Gurh tehsil of Rewa district. Official release from the ministry as well as International Finance Corporation (IFC), a World Bank affiliate confirmed the development. IFC, the official transaction and auction advisor, shared in an ...

The Dollar Business Bureau The board of NTPC, India's biggest energy conglomerate, has cleared Rs.323.35 crore investment in the public sector unit’s (PSU) first wind power project of 50 MW in Rojmal, Gujarat. In its BSE filing, the company said, “The Board of Directors of NTPC in its meeting held on November 30, 2016 has accorded investment approval for Rojmal Wind Energy Project (50 MW) in Gujarat at an appraised estimated cost of Rs.323.35 crore subject to signing of Power Project Agreement.” This will be NTPC’s first wind energy project, the statement said. The state-run power company has drafted its business strategy of adding capacity through renewable resources to about 1,000 MW by 2017. To achieve this endeavour, the PSU has so far ...

The Dollar Business Bureau Prime Minister Narendra Modi on Sunday laid the foundation stone for the Phase I of NTPC's Rs. 10598.98 crore Telangana Super Thermal Power Project (STPP) in Ramagundam city in the Karimnagar district of Telangana. Speaking at the event, Modi said that Telangana is only a two-year-old state, but still it has been able to fulfill the people’s expectations.” “Whenever the Telangana Chief Minister K Chandrashekhar Rao has a meeting with me, he has talked about the development of the state and its issues related to water,” he said. Modi stressed on the need for cooperative federalism and said, “There was a time when dialogue between Centre and states was quite tense but now, both work together for development.” NTPC (National Thermal Power Corporation) will ...

The Dollar Business Bureau In a bid to meet the demands of eastern states and help India attain self-sufficiency, the government agreed to revive three closed urea plants at Sindri, Gorakhpur and Barauni at a cost of Rs. 18,000 crore. The Union Cabinet, which was chaired by Prime Minister Narendra Modi, approved the renewal of the three fertilizer plants, each bearing potential of 1.27 million tonnes per annum production capacity. The revival will be done through nomination of Special Purpose Vehicle of PSUs such as Coal India Ltd, NTPC, HFCL, FCIL and Indian Oil Corp Ltd. Ravi Shankar Prasad, Law and IT minister, stated that the decision to revive the plants is the game-changer for eastern India’s economy. In 2015, the government had approved the ...

The Dollar Business Bureau The government of Jharkhand organized the inaugural of Jharkhand Investment Promotion Board, chaired by Chief Minister Raghubar Das, in Mumbai.  The JIPB will likely include ten representatives from the industry, who will be elected by the government with focus onto the areas of automobiles, information technology, energy, food processing, tourism, education, infrastructure development and healthcare. The state government has already received 27 investment proposals ranging from the sectors of agriculture, food processing, mining, power, healthcare, education and tourism. The 27 proposals are worth Rs.1 lakh crore. The investors inclusive of industry giants like Essar, Tata Steel, Adani, JSW, NTPC, SAIL and NDMC. Of late, the government beefed up the efforts to project Jharkhand as investment hub of eastern India. Jharkhand CM ...

The Dollar Business Bureau Coal India Limited announced that it has entered into an agreement with state-run power company NTPC Ltd. for revival of its two fertilizer plants. According to the deal, the 50-50 joint venture between Coal India and NTPC will establish and operate new fertiliser (ammonia urea) complex at Gorakhpur in Uttar Pradesh and Sindri in Jharkhand units of the Fertiliser Corporation of India Limited (FCIL). The joint venture will also market FCIL’s products. "The Ministries of Coal and Power directed CIL and NTPC to enter into joint venture for revival of these projects and hence a JV agreement was signed between the two companies," CIL said in an announcement. During the meeting held at the Prime Minister’s office, both Coal and ...

The Dollar Business Bureau Bihar’s Chief Minister Nitish Kumar on Sunday reviewed the progress of Nabinagar power project, currently being developed by National Thermal Power Corporation (NTPC) in Aurangabad district. The Chief Minister was on his two-day visit to the district on June18-19. He took stock of the ongoing construction, and expressed satisfaction on the current stage of project development. NPGCL, a joint venture firm between NTPC and Bihar State Power (Holding) Company Ltd. is developing a 3300 MW power project (5X660 MW) near Majhiyan and Ankorha railway station in Aurangabad. The government has given its principle nod to set up a sixth unit of 660 MW, which will take the overall project capacity to 3960 MW. Three units, each of 660 MW, would be set up in ...