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The pre-construction capacities are estimated to have risen to 46,033 megawatts
The House was also apprised about the construction of 1,07,440 km transmission lines and setting up of 2,82,740 MVA transformation capacity during the 12th Plan (by 2016-17).
Gammon India is looking to cut debt by around 22 percent Rs 2,500 crore by next year. The construction major which has lined up civil works, roads, bridges and thermal power projects across states has been facing liquidity issues since past two financial quarters.
New bidding norms for thermal power projects are likely to be finalised by December 31, Power Secretary P Uma Shankar said today.
The coal ministry today made it clear that it would not be able to provide coal to thermal power projects that are expected to be set up in the next five years. Coal Minister Sriprakash Jaiswal said that some projects require coal linkages and hence, the ministry would not be in a position to provide coal linkages to power projects.
Uncertainty over fuel supplies for thermal power projects as well as poor financial health of distribution utilities are among major risks faced by the fast growing Indian power sector, says global consultancy Deloitte.
South Korean power equipment-maker Doosan will set up a power equipment manufacturing unit at Chennai, in Tamil Nadu, Power Minister Sushilkumar Shinde said.
Larsen & Toubro’s metallurgical and materials handling company, part of its construction division, has received new orders worth Rs 1,610 crore from Tata Steel, Indiabulls Power and other customers in the current quarter (April-June).
Jindal Poly Films, a maker of flexible packaging films, is exploring options to raise USD 200 million for thermal power projects by selling a stake in its unit, top executives told Reuters on Thursday.
