Power Sector

Bhima Cements to invest Rs 50 crore for the setup of 5 wind power stations

GVK Power divests its entire stake in aviation subsidiary

GVK Power divests its entire stake in aviation subsidiaryGVK Power & Infrastructure Ltd has informed that the company has divested its entire stake in its subsidiary, GVK Aviation Pvt. Ltd.

As a result, GVK Aviation (P) is no more a wholly owned subsidiary of the company from Sep. 30, 2008.

GVK Aviation Pvt. Ltd, founded in 2007, engages in the business of aviation, owning and chartering of private aircrafts and helicopters. 

In June 2007, the company acquired 100% equity stake in GVK Aviation, which became a wholly-owned subsidiary.

All Industrial And Commerce Bodies Greet Government Over N-deal

The US senate has, finally, approved the much hyped Indo-US nuclear deal. Many All Industrial And Commerce Bodies Greet Government Over N-dealindustrial associations and commerce bodies have greeted the government on its success. CII, Ficci and Assocham said that the deal would terminate nuclear isolation of the country and provide energy security to India.

PM Manmohan Singh Confident of Government's Performance

Speaking to the media on his way back to the Country, the PM was calm and PM Manmohan Singh Confident of Government's Performancecomposed. After successfully pulling off the Nuclear deal with France and positive response from the President of Pakistan on all issues, Mr. Singh said, “We have given this country a purposeful government, a government which by-and-large has the support of all constituents of our coalition”. 

The PM spoke on various issues ranging from the nuclear deal to land acquisition case in Singur to the terrorist blasts and attacks on Christians. 

SAIL inks MoU with L&T to form Joint Venture Company

SAIL inks MoU with L&T to form Joint Venture CompanySteel Authority of India (SAIL) and engineering & construction firm Larsen & Toubro (L&T) have signed a memorandum of under standing (MoU) for setting up a joint venture (JV) company to develop, manage and own captive and independent power plants, to meet the future power requirements of SAIL.

The JV company will develop a 1,600 mw (2 X 800 mw) greenfield coal- based power plant using super critical technology. In addition, the companies will keep the option to further expand capacity by 800 MW/1600 MW at the same or some other location.

China Comes To Pakistan’s Aid To Set Up Ten Nuclear Power Plants

After its failed persuasion to seek the Nuke deal like India with the US, Pakistan resorted for a different route when it planned to seek the same though this time from a different source. China seems to come to Pakistan’s aid this time with its bid to set up10 new atomic power plants in the forthcoming two decades.

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