Coal India Limited (CIL) is waiting for a good partner for a 50: 50 joint venture of its 1600 MW power plant in Vasundhara Coalfield, in Orissa. CIL Chairman N C Jha said that the responsibility to find a right partner for joint venture is of the Power Plant Corporation and they are already searching [...]

Tecpro Systems is in talks with a few overseas boiler, turbine and generator (BTG) makers for partnerships to tap the growing potential of the Indian power sector. According to vice chairman and MD of the turnkey solutions provider, Amul Gabrani, “We are talking to different BTG players so that we can offer each and every [...]

Vedanta group’s Sesa Goa will buy 100 per cent stake in Vidoecon Industries’ Goa Energy for Rs 53.72 crore. In a regulatory filing, the private sector iron ore miner said it has signed a definitive share purchase agreement with the shareholders for the “all cash deal”. The agreement includes taking over an existing debt of [...]

Japan-based Mitsubishi Heavy Industries Ltd has announced plans to set up a new firm Mitsubishi Power Systems India Private Ltd (MPS India) that will serve as a regional arm overseeing the company’s power systems business. The move, the company said, is aimed at strengthening MHI’s marketing activities “to accommodate India’s rapidly growing power demand”. MPS [...]

UJVN Ltd, Uttarakhand government enterprise for power generation, will set up a joint venture with GAIL to install two power plants in the state. A decision to this effect was taken by state cabinet meeting chaired by Chief Minister B C Khanduri. The joint venture company would set up two gas-based power projects at Haridwar [...]

Hitachi Ltd announced that it has formed a joint venture with Kochi-based SFO Technologies Pvt Ltd to manufacture control systems for thermal power projects. “The joint venture company, Hitachi NeST Control Systems Pvt. Ltd is scheduled to be established in October 2011 and to be based in Bangalore. Hitachi India Pvt Ltd, a wholly owned [...]