Neyveli Lignite seeks to commission 250 MW unit in RajasthanOctober 10th, 2009 CHENNAI - The state-run Neyveli Lignite Corporation Limited (NLC) has sought the central government's permission to commission a 250-MW power project in Rajasthan, a company official said. The company already has a mandate to build two 125 MW project at Barsingsar village in Rajasthan.
Dadri farmers up in arms over proposed power projectAugust 29th, 2009 LUCKNOW - Hundreds of farmers took to the streets in Uttar Pradesh's Dadri district, seeking return of farmland acquired to set up a power plant. Reliance Power held by Anil Ambani's ADA group had announced setting up of a 3,500 megawatt gas-based power plant in Dadri at a cost of 2.2 million dollars.
Tuticorin power project financial closure achievedJuly 2nd, 2009 CHENNAI - The city-based Coastal Energen Private Limited Thursday announced that 16 bank consortium and financial institutions have agreed to lend it Rs.3,450 crore (Rs.34.5 billion) to set up 1,200 thermal power station at Tuticorin in Tamil Nadu. The 15-year loan will carry an interest of 12 percent, said the company in a statement issued Thursday.
Tamil Nadu wants more power from upcoming Tuticorin plantJune 22nd, 2009 CHENNAI - Energy-starved Tamil Nadu wants a higher share of power that will be generated by the joint venture it has set up with mining and power company Neyveli Lignite Corp (NLC). A similar demand had earlier been raised by Gujarat, where NLC proposes to set up a 1,000 MW plant at Valia, also in joint venture with that state's power board.
Neyveli Lignite to enter hydel, wind power sectorsJune 20th, 2009 CHENNAI - Mining-cum-power company Neyveli Lignite Corp (NLC) is planning to enter hydel, wind and nuclear power generation, a top official said here Saturday. "We are interested in setting up a 1,000-MW hydel power project in Uttarakhand partnering with the state government.
Tripura power project gets central nodJune 19th, 2009 NEW DELHI - The Cabinet Committee on Economic Affairs (CCEA) Friday gave go-ahead to the 100-MW Tripura gas-based power project, to be developed by the state-run North Eastern Electric Power Corp (Neepco). The estimated cost of the project is Rs.421.01 crore.
Chhattisgarh farmers protest Rs.55-bn power projectMarch 9th, 2009 RAIPUR - Nearly a hundred farmers took out a rally here Monday to protest land acquisitions by GMR Energy at Raikheda village in Chhattisgarh for its Rs.55 billion power project. The company is purchasing land directly from nearly 250 farmers for a 1,200 MW coal-fired power plant.
West Bengal, Emami in pact for pulp, paper projectFebruary 28th, 2009 KOLKATA - West Bengal Industrial Development Corp (WBIDC) and the city-based Emami Group Friday inked a pact for setting up a greenfield integrated pulp and paper project at an investment of Rs.22 billion (Rs.2,200 crore). The proposed project at Kutikri in West Midnapore district will be part of a Paper and Allied Products Park being developed by WBIDC.
Mukherjee to lay foundation of 1,000-MW project at TuticorinFebruary 28th, 2009 CHENNAI - External Affairs Minister Pranab Mukherjee will Saturday lay the foundation stone for Neyveli Lignite Corp's (NLC) 1,000-MW thermal power plant in Tuticorin. 'The Rs.59-billion (Rs.5,900 crore) project has a couple of special features like the reverse osmosis desalination plant, gas insulation switchyard and pile foundation apart from NLC's first venture into power generation with coal,' NLC chairman and managing director A.R.
Chennai firm plans new project's financial closure by MayFebruary 26th, 2009 CHENNAI - The city-based Coastal Energen, the Indian arm of Coal and Oil group of Dubai that is promoting a Rs.45-billion (Rs.4,500-crore) thermal power plant in Tuticorin, hopes to achieve financial closure within two months, said a top company official Wednesday. 'We are talking with an 18-bank consortium led by State Bank of India.
Chinese power equipment firm to set base in IndiaFebruary 26th, 2009 CHENNAI - With its Indian client base increasing, Chinese power equipment manufacturer Harbin Power Engineering is considering setting up a service centre in Tamil Nadu, said a top company official. 'We have orders worth $450 million in India.
NTPC to set up hydroelectric project in MizoramFebruary 8th, 2009 AIZAWL - A 460 MW hydroelectric project will be set up by state-run National Thermal Power Corporation (NTPC) in Mizoram, officials said here Monday. A Memorandum of Understanding (MoU) was signed between NTPC and the Mizoram government to commission the Rs.30 billion power project in Sahia and Lawngtlai districts of southern Mizoram.
GMR power project hits roadblock in ChhattisgarhFebruary 7th, 2009 RAIPUR - A Rs.55 billion project has hit a roadblock in Chhattisgarh as about 150 farmers Sunday decided not to hand over their land to GMR Energy for its proposed 1,200 MW thermal power project. 'GMR Energy has tasked several agents or brokers in the village to persuade farmers to surrender their land.
Work on GMR's Chhattisgarh project to begin by SeptemberJanuary 28th, 2009 RAIPUR - GMR Energy will begin construction work on its ambitious, albeit contentious, 1,200 MW Chhattisgarh power project by September, a top company official said Thursday. 'The company will begin construction work by September and we are confident about completing the land acquisition within three-four months,' GMR Energy chief executive Raaj Kumar told newsmen here.
Jai Balaji gets land for West Bengal steel projectDecember 28th, 2008 KOLKATA - The West Bengal government Monday allotted 748.97 acres to Jai Balaji Industries for setting up a five-million-tonne integrated steel plant at Raghunathpur in Purulia district. 'We will get another 250 acres over and above this within the next 10-15 days,' company chairman and managing director Aditya Jajodia said after receiving the land allotment order from state industries minister Nirupam Sen.
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