The power generating companies and coal traders in the country are seeking clarification on the move by Coal India Limited (CIL) involving withdrawal of the price rise in coal as well as on how the gross calorific value (GCV) mechanism would prove to be cost neutral to them.

Coal India had proposed a new pricing mechanism that involved linking the prices to the quality of coal. According to estimates, the new pricing policy brought in by the coal monopoly would have resulted in the coal to be become dearer by 12-15 % for the state-owned and private power utilities in the country.

Reliance Power led by Anil Ambani has entered into an agreement with Germany’s RWE Power International for technical assistance in extracting coal from its captive mines of the Tilaiya ultra-mega power project in Jharkhand.

RWE Power is the biggest coal miner in Germany and is among the biggest energy utility companies in the whole of Europe. RWE will assist the Indian company in designing and planning engineering aspects for its captive mine and will also help in acquiring equipment.

Power major, NTPC Ltd has said that it has received clearance from the union ministry of environment and forests (MoEF) for the 3x800 MW Kudgi Super Thermal Power Project Stage-I.

The project is being set up in Bijapur district of the southern state of Karnataka. The Board of Directors of the state run company cleared investment proposal amounting to Rs 15,166 crore for the project, it said in a statement.

The Nuclear Power Corporation of India Limited is planning to raise funds through debt from international markets.

The raised debt is expected to be used to fund two proposed nuclear power plants in India, according to a company official. Company's technical director S. A. Bharadwaj, "Getting overseas loans is part of the whole negotiation process with equipment suppliers as it may be less expensive."

Tata Group's chairman Ratan Tata has introduced his successor, Cyrus Mistry to Gujarat chief minister Narendra Modi in Gandhinagar on Thursday. Mr. Tata is also believed to have discussed the renegotiation of the power purchase agreement (PPA) with the state government for its Mundra. The first phase of the project is already complete but the company is aiming to get a higher price for the power before starting production of power.

The Power Grid Corporation of India Ltd has awarded a contract worth more than Rs 4,000 crore to ABB for an ultra high-voltage direct current (UHVDC) transmission system.

The UHVDC system will be used to supply hydro power from the North-East to Agra region in the north of the country. The sophisticated system will allow the power to be transferred over 1,700 kilometres. The total project is worth about Rs 5,000 crore and will be executed on a turnkey basis. It involves design, system engineering, supply, installation and commissioning.

Torrent Power (TEL) was incorporated on Apr. 29, 2004 as Torrent Power Trading. The name of the company was changed to Torrent Power Limited on Jan. 25, 2006. Consequent to the conversion of the company into a public sector company on Feb. 8, 2006, the company came to be called as TEL. It came into existence after the merger of Torrent Power AEC, Torrent Power SEC and Torrent Power Generation. Gujarat based TEL is a part of Rs. 45 billion Torrent Group and is engaged in generation, transmission and distribution of power.

The Comptroller and Auditor General of India (CAG) has asked the union Power Ministry to file a reply on the issue of allowing Reliance Power to use surplus coal from its 4,000 MW Sasan project in Madhya Pradesh to an another project in the state.

The power minister has said that the power generation sector in the country should get preferential treatment during spot market sales of coal.

The move follows ministry's requests to ban e-auction sales of coal in order to allow long-term consumers in the power sector to meet their requirements. Most thermal power plasnts are now operating on a depleting reserve of coal and they might have to reduce generation of even close without additional supplies.

New Delhi, Oct 3 - Reliance Power, part of the Anil Ambani-led Reliance Group, Monday said its 3,960 MW Tilaiya ultra mega power project in Jharkhand has got approval for carbon credits from the United Nations Framework Convention on Climate Change (UNFCCC).

The Tilaiya plant will generate 21.3 million carbon credits during the initial ten-year period valued at over Rs. 2,000 crore.

Delhi Electricity Regulatory Commission (DERC) should take measures by which it is able to control the incidents of power thefts rather than increasing the power tariff.

Recently, one more important bill was sanctioned in the House of Common’s (Lokh Sabha). This time, the bill was related to assurance of nuclear radiation safety.

Along with Lok Sabha members, a legal authority and regulatory bodies too gave their approval to the bill because all of them believed that the country’s nuclear safety assurance was the need of the hour.

The Nuclear Safety Regulatory Authority Bill 2011 was introduced by V. Narayanasamy, who is designated as the Minister of State.

The GVK Power and Infrastructure has credited to be the largest stakeholder in Bangalore Airports subsequent to picking up another 14% shares at Rs 614 crore from Siemens.

While commenting on the scenario, Analysts Deepak Agrawala and Bharat Parekh from Bank of America Merill Lynch (BAML) backed the raised concerns over the price at which GVK has bought stakes from Siemens. Sources have revealed that GVK has paid Rs 114-per share, almost two times more than its original offer to the German company two years ago, and now acquires 43% shares in Bangalore Airport.

According to recent developments in the stock market, Reliance Power has moved up by 300% in terms of their revenues earned in the first quarter of the year.

They now reside at Rs 541.80 crore. They were playing at a mere Rs 139.33 crore at the same time a year earlier.

It was revealed by the authorities of the firm which is owned by Anil Dhirubhai Ambani group, that the total income of the firm saw a 72% increase. It was Rs 401.18 crores earlier and is now Rs 689 crore.

The Indian stock market closed down as the Bombay Stock Exchange Sensitive Index, or Sensex dropped by 0.5% or 76.82, to 17,053.69 as notified at 3:30 pm in Mumbai. The giant experienced lows and highs 12 times during the day. The S&P CNX Nifty Index also withdrew at 0.5% to 5,133.35 and its August futures closed at 5,128. The BSE 200 Index dropped by 0.5%.

Gambling over Reliance Infrastructure for drawing electricity? If yes, then get set to shell out more as Reliance Power has bagged government’s approval to charge users more retrospectively as of 2004.

According to an order dated July 29, the Maharashtra Electricity Regulatory Authority (MERC) has licensed Reliance Infra to gather dues hoarded since 2004. The dues will reportedly bank a massive Rs 2, 316 crore for the Company.

According to reports, the power generation company CESC plans for a major expansion, as its discussing with bosses abroad for the likely 'equity participation in its retail venture'.

Also, the discussion generated form in a committee of secretaries, suddenly giving an 'in-principle approval' to let about 51% foreign FDI in a multi-brand retail.

It has been reported that soon the regions of Orissa, Chhattisgarh, Jharkhand, Sikkim, Andhra Pradesh, Tamil Nadu and Madhya Pradesh will get power from the proposed project of High Capacity Power Transmission Corridors. However, it will take about five years for the project in the proposed regions to complete.

New Delhi July 8 : State-run power utility major NTPC Friday entered into an agreement with the State Bank of India (SBI) for a loan of Rs. 10,000 crore for its capacity expansion plans.

"NTPC signed the loan (agreement) to surge ahead its capacity expansion plans and to finance the capital expenditure of its ongoing project," the company said in a statement.

The statement further said: "Rupee term loan has a door to door maturity of 12 years with a draw down period of 4 years."

New Delhi, May 27 : Reliance Power part of the Anil Dhirubhai Ambani Group (ADAG) Friday said its total income had risen by a whopping 124 percent at Rs. 1,892.47 crore for the fiscal ended March 31 while its net profit rose by 11 percent at Rs. 760.44 crore.

The robust results led to shares of the company soaring 7.6 percent to an intra-day high of Rs. 119 at the Bombay Stock Exchange.