Staff Reporter

GE Energy and Greenko Group formed a venture where US $115 million will be invested to set up wind power projects of 500 megawatt capacity in India.

Star Hydro Power has secured a $97m loan from the Asian Development Bank to finance the construction of a 144MW hydro power plant in Muzaffarabad, Pakistan.

The country’s largest thermal power producer NTPC may soon appoint Deloitte as a consultant on revamping its operations and human resources development. “NTPC is likely to appoint Deloitte as a consultant for preparing its restructuring plans, which would include the company’s new mining plans, manpower management, etc,” a Power Ministry official said. Deloitte is believed to have made a presentation to the company on taking up the job, which would also involve an analysis of the proposed restructuring of NTPC joint ventures— including NTPC-SAIL Power Company Ltd, NTPC Tamil Nadu Energy Company Ltd, Ratnagiri Gas & Power Ltd, NTPC-Alstom Power Services Ltd, NTPC-SCCL Global Ventures Ltd, International Coal Ventures Ltd and NTPC BHEL Power Projects Pvt Ltd— the official added. NTPC plans to expand its existing power capacity of over 35,000 Mw to about 66,000 Mw by 2017. The company planned to raise its capacity to 75,000 MW by the end of the 12th Five-Year Plan (2012-17), but it had to curtail the target due to non-availability of gas and coal and land acquisition issues. NTPC currently employs approximately 26,000 people. It will seek the consultant’s advice on streamlining its present workforce and how to make the best use of manpower. The consultant would also advice the company on its coal mining venture. NTPC has been awarded coal blocks and is expected to start excavation from those blocks in the near-term. Meanwhile, NTPC has signed a preliminary agreement with Birla Institute of Management & Technology (BIMTECH) to jointly explore opportunities related to capacity building, institution development and training and development programmes with a view to strengthen ties between industry and educational institutes.

China and Myanmar agreed to properly settle matters related a suspended joint hydropower project in Myanmar, reports Xinhua News.

New Delhi received up to 1,000 MW less power recently leading to load shedding in many areas.

Fukushima Daiichi nuclear plant remained stable afetr a 5.5 magnitude offshore earthquake that recently hit the surrounding area, according to operator TEPCO.

Voltaix has formed a sales and customer support office for solar and semiconductor applications in Shanghai, China.

JinkoSolar has claimed it has completed ‘Phase 1’ of an environmental safety upgrade of its chemical storage area, without noting what upgrades had actually been undertaken.

Yingli Green Energy has upgraded existing warranties for both its mono and multicrystalline products as well as introduced a linear-based extended warranty that guarantees power output for each year of a 25-year warranty period.

China Resources Power selected Emerson Process Management to automate two new ultra-supercritical units of 1000MW Puqi power plant in China.

China’s new feed-in tariff has led to a significant increase in downstream activity.

It increased to 9,368,705 MWh from 7,733,629 MWh for the same period last year.

China Guangdong has reopened talks with Kalahari over a 270 pence-a-share bid, according to a Bloomberg report.

The transaction would mark the latest energy sector deal between China and Canada.

BHEL has again secured a thermal power plant contract from Dainik Bhaskar Power Limited.

Mingsong Liang and Shuming Zhao has been selected as the new independent directors for the company board of Daqo New Energy.