Power Grid Corp net up 16.7 percent

September 23rd, 2009 American Superconductor shares riseNEW YORK — Shares of American Superconductor Corp., which makes equipment for power generators and utilities, rose on Wednesday as an analyst reiterated an "Outperform" rating for the company. American Superconductor shares rose 58 cents to $31.67 in afternoon trading.

September 15th, 2009 MUMBAI - The Power Exchange India Limited (PXIL) on Tuesday launched its longer duration power products for the Indian power market at a function in Mumbai. These 'Weekly' and 'Day-Ahead Contingency (DAC)' products will enable the market players in the Indian power market to buy and sell electricity up to a month in advance.

July 29th, 2009 MUMBAI - State-run electricity grid operator Power Grid Corp's net profit rose 78.81 percent to Rs.546.61 crore in the first quarter this fiscal from Rs.305.69 crore in the like period last year. Total income of the company grew 24.9 percent to Rs.1,822.32 crore for the quarter ended June 30 from Rs.1,458.49 crore a year ago.

July 24th, 2009 NEW DELHI - Renewable energy player Astonfield will invest around $2 billion in India over the next five years to generate about 1,000 MW of power, most of it from solar sources, a top official said Friday. "We are going to make an announcement in the next 30-60 days.

July 6th, 2009 HYDERABAD - The national gas grid proposed in the union budget by Finance Minister Pranab Mukherjee Monday triggered fears in the Andhra Pradesh industry that the gas found in the Krishna-Godavari (KG) basin might go out of the state, starving the local units. An industry leader urged the state government to ensure the requirements of the local industry were met while building a national gas grid.

June 27th, 2009 NEW DELHI - Delhi's residents took to the streets yet again Saturday to protest the continuing power and water shortages in the city. People blocked traffic, vandalized offices of power distribution companies and even demonstrated outside the home of state Power Minister A.K.

June 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.

June 17th, 2009 AGARTALA - Norway has agreed to share its power technology and supervision methods with India's electricity-starved northeastern states, Tripura Power Minister Manik Dey said here Wednesday. The statement comes after last week's visit to Norway by the power ministers of the seven northeastern states to explore how a power stock exchange could be set up for the region, apart from picking up tips on power marketing and ensuring energy efficiency.

June 11th, 2009 NEW DELHI - BSES, one of the two private power distribution firms in the national capital, is setting up a Rs.400-million ($8 million) electricity grid that will exclusively serve the upcoming athletes village for the Commonwealth Games next year. "We will provide uninterrupted power supply to the 2010 Commonwealth Games.

June 8th, 2009 AGARTALA - India's northeastern states are keen on setting up a power stock exchange in the region on the lines of Nord pool, the world's first multinational exchange for trading power in the Scandinavian market, Tripura Power Minister Manik Dey has said. Power ministers of the electricity-starved seven northeastern states are now on a week-long visit to Norway to study the possibilities of setting up the power stock exchange and pick up tips on power marketing and ensuring energy efficiency.

May 29th, 2009 AHMEDABAD - Power transmission and distribution major Transformers and Rectifiers India Friday inaugurated its new facility for manufacturing and testing high capacity transformers at Moraiya near here. The Moraiya unit is the company's third facility in the Gujarat after its plants in Odhav and Changoder.

March 30th, 2009 MUMBAI - Tata Power has commenced commercial operations of a 250 MW coal-based thermal unit at the Trombay Thermal Power Station, it said here Monday. With this, the Trombay plant's generation capacity will be increased to 1,600 MW from 1,350 MW, the company said in a regulatory statement.

February 25th, 2009 BHUBANESWAR - Power trader PTC India will swap power with Orissa to help it overcome the power shortage it is facing currently, an official said Wednesday. PTC - formerly Power Trading Corp of India - will supply about 150 MW daily to Grid Corp of Orissa (Gridco), the bulk supplier of electricity in the state.

January 16th, 2009 NEW DELHI - Delhi Chief Minister Sheila Dikshit Saturday laid the foundation stone of a grid sub-station near the Akshardham Temple here that will cater exclusively to the power needs of the 2010 Commonwealth Games Village. 'The 2010 Commonwealth Games will catapult Delhi on to the world center-stage.

December 23rd, 2008 NEW DELHI - State-owned power equipment maker Bharat Heavy Electricals Ltd (BHEL) has bagged two orders worth Rs.21 billion (Rs.2,100 crore) from National Thermal power Corp (NTPC), the company announced Wednesday. BHEL would supply and install the main plant equipment for NTPC's Mauda Super Thermal Power Project in Nagpur, Maharashtra, the company said in a statement.