ICICI against PowerGrid selling its transmission assets
The Industrial Credit and Investment Corporation of India (ICICI) has cautioned Power Grid Corporation of India Limited (PGCIL) against selling its transmission assets to the private sector.

NTPC asked not to pursue gas-based projects
Union power minister Rangarajan Kumaramangalam on Monday said his ministry had asked the NTPC not to proceed further with the implementation of the proposed gas combined mega power plants anywhere in the country due to the sudden increase in the price of crude oil.

Financial closure to VBC gas-based plant in sight
City-based VBC group is close to achieving financial closure for its Rs 750-crore, 220mw gas-based power project coming up at Amalapuram in East Godavari district.


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