Popular Articles

Base rate to replace BPLR
The Reserve Bank of India (RBI) committee on reviewing the benchmark prime lending rate (BPLR) has recommended that the nomenclature be scrapped and a new benchmark rate — known as base rate — should replace it.

Uttar Pradesh industry ready with 2010 wish-list
Taking a leaf from positive signals emanating from the stock markets in the last few sessions, companies in Uttar Pradesh hope to see further boost to the state’s industrialisation in 2010.

News of the day

Growth rate could decline to 6% in Q3: Pronab Sen
The government today said economic growth rate could decline to 6 to 6.5 per cent in the third quarter (October-December 2009) on account of the impact of drought and floods on agriculture production.
Public Relations

Ratnagiri Gas to begin power generation by March 2010

Ratnagiri Gas and Power Private (RGPPL) or the erstwhile Dabhol power project in Maharastra would start generating 1,900 Mw of electricity by March, 2010. - EGoM reviews Dabhol project operations, revival - Govt to double wind power generation by 2022 - BHEL: Fairly valued - Bajaj Hindusthan to add 400 MW worth Rs 1,600 crore - BHEL, MP Power Gen in pact for thermal project - "Thermal capacities boost power generation in Sept" RGPPL was conceived in the early 1990s with a capacity of 2,200 Mw. It was divided into three phases of 740 Mw each, which the government says would be functional by the month of March next year. "Dabhol project would generate 1,900 Mw by March next year...All the three units would start," Power Secretary H S Brahma told reporters here. At present, the project is running at 700 Mw capacity. NTPC and GAIL India hold 30.17 per cent equity stake each in RGPPL, while Maharashtra State Electricity Board holds 17.89 per cent and the rest is held by public sector financial institutions. The project is also receiving 5.67 mmscmd of gas from Reliance Industries KG basin. RGPPL ran into controversy with US-based GE for recommissioning of the project.


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