India

 

 

 

 

 

 

 

 

India's Environment Ministry has given in-principle clearance for Naveen Jindal-led Jindal Power's US$2.9 billion expansion project in Raigad.

Suzlon Energy  would acquire the tower business division of fully owned unit, Suzlon Towers & Structures, and the operations and maintenance division of wholly owned Suzlon Infrastructure Services .

Charanaka in north Gujarat is destined to become the state’s hub of solar power generation. Solar panels will be laid on close to 3,000 acres of land in this village , where the state government is going to set up a ' Gujarat Solar Park . at an investment of US$1.77 billion. Gujarat Urja Vikas Nigam Ltd or GUVNL, is currently in the process of entering into long term power purchase with agreements with 80 solar power project investors to commission almost 1,000 MW of generation capacity. This capacity will help procure 1,700 million units of environment friendly electricity per annum. Many of these 80 developers will set up their generation facilities ranging from 1-45 MW units at Gujarat Solar Park. In first phase, developers will commission 500 MW of generation capacity at the park. The Centre's National Solar Mission aims to install 1,000 MW of grid solar power by 2013, and 20,000 MW by 2022. Interestingly , Gujarat is the lone state which is in the process of inking power purchase agreements to procure 965 MW of solar power from 80 project developers to attract investments of US$3.32 billion in the next couple of years. The state government has already acquired 2,500 acre of land for the park. It is expected to have basic infrastructure in place by December, just ahead of the Vibrant Gujarat Global Summit, 2011.  

India will receive a credit line of around US$9.2 billion to fund supply of two EPR reactors and uranium. This will come from a consortium of French banks and institutions. French energy major Areva will be supplying to the reactors and fuel to the government-owned Nuclear Power Corporation of India Limited under two major deals for expanding the country's nuclear power generation base.

India is set to roll over to supercritical coal-based power generation mode this month.

Bharat Forge is fast-tracking plans with Areva for the construction of nuclear forgings plant this month. 

Bharat Forge will invest US$421 million in its joint venture with NTPC. The plans are expected to be finalised by March-April. The company has already secured 100 acres of land in Sholapur to set up a plant with a capacity of 60,000 to 70,000 tonnes per annum. “The Bharat Forge NTPC JV is currently looking for technology partners for manufacturing high pressure pipes, pumps and valves, which are used in thermal power plants,” said Bharat Forge Chief Operating Officer Sunil Chaturvedi. Under the NTPC joint venture the company may have three to four more joint ventures with those technology partners.   

Arshad Sayed has been named President – Peabody Mongolia and India, and will manage all of its business development initiatives.