Matthias's Feed
Jun 21, 2013

India allows power firms to pass on imported coal costs

NEW DELHI, June 21 (Reuters) – India has decided to allow
some power companies to pass on the costs of foreign coal to
customers, a minister said on Friday, in a move likely to boost
imports and investment in power generation but bring higher
prices.

The policy will apply only to power stations that rely
principally on domestic coal and buy imports to make up for
local shortfalls, however. Tata Power Co, one of the
country’s best known utilities, said the policy should be
extended to plants that rely on imported coal.

Jun 17, 2013

Road building revival offers rare hope for India infrastructure overhaul

NEW DELHI/MUMBAI (Reuters) – K. Ramchand, managing director at one of India’s biggest road builders, is doing something unusual to help dispel the gloom pervading much of the country’s infrastructure sector today: bidding for new projects.

His company, IL&FS Transportation Networks Ltd (ILFT.NS: Quote, Profile, Research, Stock Buzz), signed a $300 million contract in April to build a six-lane highway. The project will link an eastern industrial zone afflicted by some of India’s worst traffic snarls to mining districts such as Dhanbad, the nation’s coal capital.

Jun 16, 2013

JD(U) splits away from BJP ahead of election

NEW DELHI (Reuters) – Powerful regional party Janata Dal (United) pulled out of the main opposition alliance on Sunday, a split that could hobble the rise of controversial Hindu nationalist leader Narendra Modi who hopes to oust the ruling Congress party in elections due by May 2014.

The Janata Dal (United) party or JD(U) , based in Bihar, announced it would end a 17-year-old alliance with the Bharatiya Janata Party (BJP) after the BJP promoted firebrand leader Narendra Modi to lead its election campaign.

Jun 16, 2013

India’s main opposition alliance splits ahead of election

NEW DELHI (Reuters) – A powerful Indian regional party pulled out of the main opposition alliance on Sunday, a split that could hobble the rise of a controversial Hindu nationalist leader who hopes to oust the ruling Congress party in elections due by May 2014.

The Janata Dal (United) party, based in the eastern state of Bihar, announced it would end a 17-year-old alliance with the Bharatiya Janata Party (BJP) after the BJP promoted firebrand leader Narendra Modi to lead its election campaign.

Jun 5, 2013

L&T wins $300 million gas project in Saudi Arabia

NEW DELHI (Reuters) – Larsen & Toubro (L&T)(LART.NS: Quote, Profile, Research) won an infrastructure contract worth nearly $300 million from Saudi Aramco as India’s biggest construction and engineering firm chases overseas projects to offset a slowdown at home.

L&T has steadily expanded its global footprint, recently winning a construction project at the Abu Dhabi airport. The firm is further bidding for about $3 billion worth of projects in the region, including more construction work for Aramco and an oil refinery in Oman, its CEO told Reuters.

Jun 5, 2013

India’s L&T wins $300 mln gas project in Saudi Arabia

NEW DELHI, June 5 (Reuters) – Larsen & Toubro Ltd (L&T)
won an infrastructure contract worth nearly $300
million from Saudi Aramco as India’s biggest
construction and engineering firm chases overseas projects to
offset a slowdown at home.

L&T has steadily expanded its global footprint, recently
winning a construction project at the Abu Dhabi airport. The
firm is further bidding for about $3 billion worth of projects
in the region, including more construction work for Aramco and
an oil refinery in Oman, its CEO told Reuters.

May 29, 2013
via India Insight

Tata Power scouts for opportunities abroad

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(Any opinions expressed here are those of the author and not necessarily of Reuters)

Tata Power Company Ltd, part of the salt-to-steel Tata conglomerate, is India’s largest integrated power producer. It aims to generate some 20,000 MW by 2020, up from more than 8500 MW now, and is scouting for opportunities abroad as well as building its thermal and renewables business at home.

May 28, 2013

Tariff case stalls Tata Power’s investment plans

NEW DELHI (Reuters) – Tata Power Co will hold off on major investments until it clarifies the fate of a regulatory decision to raise tariffs, a company executive said on Tuesday.

The electricity regulator allowed Tata Power, a unit of the Tata conglomerate, to raise tariffs for power generated at its Mundra plant in Gujarat.

May 28, 2013

India tariff case stalls Tata Power’s investment plans

NEW DELHI (Reuters) – Indian utility Tata Power Co Ltd (TTPW.NS: Quote, Profile, Research, Stock Buzz) will hold off on major investments until it clarifies the fate of a regulatory decision to raise tariffs, a company executive said on Tuesday.

India’s federal electricity regulator allowed Tata Power, a unit of the Tata conglomerate, to raise tariffs for power generated at its Mundra plant in the state of Gujarat.

May 16, 2013
via India Insight

Counting the cost of India’s blackouts

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(Any opinions expressed here are those of the author and not necessarily of Reuters)

Is it better to pay more money for more electricity, or keep prices low and look forward to blackouts that will conk out offices, factories and homes in India? That is the question that lies at the heart of an ongoing debate about whether authorities should allow utilities Adani Power Ltd and Tata Power Co Ltd to raise their tariffs on existing contracts to clients, to compensate the companies for the domestic coal supply shortages and the rising cost of buying coal from overseas.