| As the Indian economy continues to surge ahead, its power sector has been expanding concurrently to support the growth rate. The demand for power is growing exponentially and the scope for the growth of this sector is immense. The Centre has targeted capacity addition of 100,000 mega watt (MW) each in the 12th Five Year Plan (2012-17) and 13th Five Year Plan (2017-22), according to Mr Sushil Kumar Shinde, Union Minister of Power. |
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| The Indian power sector has the fifth largest electricity generation capacity in the world and the world's third largest transmission and distribution network. |
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| Furthermore, the two American venture capital (VC) firms—Bessemer Venture Partners and Lightspeed Venture Partners—have invested Rs 70 crore (US$ 15.62 million) in Indian Energy Exchange (IEX), the country's first power exchange. |
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Power sector may see $1 billion PE inflows in six months
The Economic Times: Dec 15, 2010 |
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| Private equity (PE) investors may invest nearly US$ 1 billion in the Indian power sector in the next six months, according to Sanjay Sethi, Executive Director and Head of Infrastructure Group at Kotak Mahindra Capital... |
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Dahej PCPIR to attract Rs 4000 crore investment from SMEs
CII: Jan 10, 2011 |
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| In a major lift for the small and medium enterprises (SMEs) engaged in the chemicals, dyes and dyestuff manufacturing in Gujarat, the upcoming global investment congregation, Vibrant Gujarat Global Investment Summit (VGGIS), 2011 will see memorandums of understanding (MoUs) worth Rs 4,000 crore being signed between the State Government and the dyes units for setting up manufacturing facilities... |
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NRL inks MoU with APGCL
Business Standard: Jan 10, 2011 |
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| Assam-based Numaligarh Refinery Ltd (NRL) has signed a memorandum of understanding (MoU) with Assam Power Generation Co Ltd (APGCL) on January 8, 2011 for development and implementation of new power projects in the State... |
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Bessemer, Lightspeed invest Rs 70 cr in Indian Energy Exchange
Business Standard: Dec 31, 2010 |
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| The two American venture capital firms - Bessemer Venture Partners and Lightspeed Venture Partners - have invested Rs 70 crore (US$ 15.62 million) in Indian Energy Exchange (IEX), the country's first power exchange... |
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NSL signs MoU for 1,320 Mw thermal plant worth Rs 6,600 cr
Business Standard: Jan 07, 2011 |
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| NSL Power, part of the Hyderabad-based NSL Group, has signed a memorandum of understanding with the Orissa government for setting up a 1,320 (2x660)-Mega Watt (MW) coal-based power plant. |
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Tata, partner to hold 100% in African unit
The Economic Times: Jan 07, 2011 |
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| Tata Steel and its Australian joint venture partner Riversdale Mining are acquiring full ownership of the US$ 1 billion Benga power plant in Mozambique for an undisclosed amount... |
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Orissa signs MoU with 3 IPPS for setting up 3960 MW power
The Economic Times: Jan 04, 2011 |
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| Government of Orissa has signed memoranda of understanding with three private companies to set up at least three supercritical independent thermal power plants (IPP) of 1, 320 mega watt (MW) each, at a total investment of Rs 20,469 crore (US$ 4.57 billion). |
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JSL, Gridco sign Power Purchase Agreement
Business Standard: Dec 31, 2010 |
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| JSL Ltd has entered into a power purchase agreement (PPA) with Grid Corporation of Orissa Ltd (GRIDCO), the bulk purchaser of power in the state, for its 1320 mega watt (MW) Independent Power Plant (IPP) proposed to be set up in Dhenkanal district... |
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UP clears four power projects totalling 5,280 Mw
Business Standard: Dec 30, 2010 |
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| Uttar Pradesh (UP) cabinet has cleared four thermal power projects in the state. All the plants have 1,320 mega watt (MW) capacity each, totalling to 5,230 mega watt (MW). |
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CLP India inks $288 mn ECB pact for Haryana power plant
Business Standard: Dec 24, 2010 |
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| CLP India, the wholly owned subsidiary of Hong Kong's top power company CLP Holdings Ltd, has signed a US$ 288 million external commercial borrowing (ECB) agreement for its Haryana based power project with five of Asia's top banks... |
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SBI, MSIF jointly invest Rs 580 cr in MP power plant
LiveMint: Jan 12, 2011 |
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| Macquarie SBI Infrastructure Fund (MSIF) and the State Bank of India (SBI) have together invested Rs 580 crore (US$ 128.50 million) in a Moser Baer Projects Pvt Ltd power plant at Anuppur in Madhya Pradesh (MP). |