Order of the National Green Tribunal in the matter of Varsha Aggarwal & Others Vs Union of India & Others dated 21/04/2025. The application was filed by the residents of Jaypee Wishtown, Noida, Gautam Buddh Nagar district. The allegation of the applicant is that the project proponent, Jaypee Infratech Limited …
The idea is that these plants are run by the SPV without any change in their current ownership, for a reasonable period, within which their value could improve as demand picks up. Amid the prospect of insolvency proceedings being initiated for several stressed power plants, the power ministry has proposed …
Another mega NPA list may be in the making for lenders About 25,000-Mw capacity in thermal power is on sale but finding buyers is posing a challenge. Most promoter companies of the projects — some operational and others still under development — want to exit to lighten their debt. Among …
Govt to encash the bank guarantee for these projects worth up to Rs 350 cr The BJP led Uttar Pradesh government cancelled power purchase agreement (PPAs) with seven coal based power projects totaling 7040 MW which failed to meet their commissioning targets. These projects were awarded through MoU route to …
Shakti to resurrect units of Reliance Power, Adani, Bajaj Hindustan, Lanco etc In a major breather to the thermal power sector, the Union Cabinet approved the long languishing coal linkage policy. The new policy which aims to auction long term coal linkages to the power companies has been named ‘SHAKTI' …
The availability of power at cheaper rates in the market has led to the TS not giving the nod for renewing the PPA with Lanco. Hyderabad: While the Telangana state government has refused to sign a Power Purchase Agreement with Lanco power project, owned by former Congress MP Lagadapati Rajagopal, …
Solar projects in India secured major financing deals as corporate funding of such projects rebounded in the third quarter of the current financial year, rising to nearly $3 billion in 45 deals globally against $1.7 billion in 32 deals in the second quarter. Among the notable solar financing deals in …
Private, state thermal producers exceed capacity addition targets; hydro, nuclear power languish Lanco, Dabhol bag half of gas in e-auction by Power Ministry Power generation will be 100 per cent of the envisaged capacity addition target of 88,537 megawatt (Mw) by the end of the Twelfth Five-Year Plan. The sector …
To make Odisha an industrial state, the Naveen Patnaik government signed MoUs with 30 independent power producers (IPPs) to set up their units in the state since 2005. Eleven years on, only three IPPs - Vedanta Limited at Jharsuguda, GMR Kamalanga Energy Limited in Dhenkanal and Jindal India Thermal Power …
MUMBAI: The sun is finally setting on SunEdison in India. The US company that started the solar power frenzy around the world and especially in India with super high growth projections and super low tariff bids for new projects before it went belly up earlier this year and filed for …
Lanco has received 2-year extension of environment clearance validity, with certain conditions, for its 1,320 MW thermal power plant in Maharashtra. After detailed deliberations, the Environment Ministry panel (Expert Appraisal Committee) "recommended extension of validity of EC (Environment clearance) for two years and ...Amendments in EC subject to the additional …
Changing technology is slashing the cost of generating solar power, but it is still unclear if these projects are feasible at such low prices Non-performing assets (NPAs) in the power sector made their appearance in 2007, when a number of companies announced big power projects. Most of these projects are …
RAIPUR: In its endeavour to promote innovative industrial projects aligned with national priorities, Chhattisgarh government on Monday signed a memorandum of understanding with M/s LancoInfratech Limited, a subsidiary Lanco Solar Private Limited, for manufacturing 100MW of solar cells annually. The proposed Rs 290 crores project, slated to come up in …
In a relief to cash strapped infrastructure developer Lanco Infratech, the Supreme Court on Friday directed the erstwhile Andhra Pradesh power utilities to refund about Rs 175 crore of minimum alternate tax (MAT) collected from Lanco Kondapalli Power (LKPL) from 2001. Confirming the court's orders upholding orders passed by the …
Punjab got a thumbs-up from solar power project developers, including representatives of a French solar company, for emerging into a major solar power generating state. Buoyed by industry response, the state is now looking at generating 2,000 mega watt of solar power by 2016-17. The Go Solar Punjab summit got …
State cabinet headed by Chief Minister Akhilesh Yadav on Tuesday cancelled the 660MW power plant proposed to be set up by Torrent power in Sandila. Torrent had deposited bank guarantee of Rs 66 crore with the state government after the project was proposed to be set up through memorandum of …
The state-run Power Development Board has decided to scrap a deal with Indian Lanco Infratech Ltd as the firm failed to begin installation of a 214MW plant in more than 21 months after signing the contract, officials said. Even the firm did not submit its financial and technical proposal for …
Chief minister J Jayalalithaa on Thursday laid the foundation for a supercritical thermal power project at Ennore near Chennai. The contract to construct the 660MW thermal plant at a cost of Rs 4,956 has been given to Lanco Infra Tech, Gurgaon. An order to this effect was given by Jayalalithaa …
Govt reviewing the allocation of 61 blocks that have not started production The inter-ministerial group, which is reviewing allocation of coal blocks, has decided to give more time to 10 companies to obtain final forest and environment clearance for the eight blocks that have not yet started production. The government …
The Government has decided to take back coal mines awarded to some 50 companies, including Adani Power, JSPL, Tata Group, Rungta Mines, Arcelor Mittal, Lanco, Hindalco and GMR. This could spell big trouble for companies that have invested in end-use projects, as they will now be left without a fuel …
