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Pinarayi Vijayan was cleared by vigilance in SNC Lavalin case: CPI(M)

Pinarayi Vijayan was cleared by vigilance in SNC Lavalin case: CPI(M)

The CPI(M) said its Kerala State Secretary Pinarayi Vijayan, whom the CBI plans to prosecute in the SNC Lavalin case, had been cleared by a 2006 vigilance enquiry in the same case. The then UDF government in Kerala had signed the MoU with the Canadian firm SNC Lavalin in 1995 for modernisation of power projects and the Minister then was G Karthikeyan of the Congress, the party said.

The Oomen Chandy government was"unhappy"with the February 2006 vigilance report and had decided to hand the case over to the CBI, the party said in a statement in New Delhi.The decision was then opposed by the CPI(M), which had described it as"a patently political move"as it had come just ahead of the assembly elections at that time.

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New Tariff Regulations- CERC raises pre-tax return on equity to 15.5% upto 2014

 New Tariff Regulations- CERC raises pre-tax return on equity to 15.5% upto 2014Let the power generators rejoice! Generating companies  will now be able to earn a higher rate of return on their equity investment in power projects. The Central Electricity Regulatory Commission (CERC) issued new tariff regulations for next five years(2009-14) under which the base rate for return ...
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OERC notice again to Reliance managed discoms - Nesco, Southco and Wesco

OERC notice again to Reliance managed discoms - Nesco, Southco and WescoThe Orissa Electricity Regulatory Commission (OERC) issued fresh notices to the Reliance Energy Limited (REL) and its three subsidiaries - Nesco, Southco and Wesco - to file objections to the petition of labour leader Sarat Chandra Mohanty.The regulatory commission initiated proceedings against the ...
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No Govt. Intervention - Poor coal supply to thermal power plants continues

No Govt. Intervention - Poor coal supply to thermal power plants continues

The coal situation in thermal power stations of the country has not got better in the last one month as there are still five such plants that exhaust their fuel reserves every day. Even Though many part of the country faces severe power crisis, central Government has not made any initiative to make ...

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Orissa RGGVY works - State Govt doubts ability of Maytas Infrastructure

Orissa RGGVY works - State Govt doubts ability of Maytas InfrastructureMaytas Infrastructure, a sister concern of the defamed IT major Satyam Computers, has its shadow in Sundergarh district of Orissa state. As the infrastructure company has taken up rural electrification programme on sub-contract basis from Power Grid Corporation of India Limited (PGCIL) in 11 out of ...
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Power projects can share captive coal - Coal Ministry once again favours Reliance

Power projects can share captive coal - Coal Ministry once again favours RelianceThe central government has relaxed captive coal mining norms to allow power companies to divert surplus coal from one of their projects to another.Permission will be given on a case-to-case basis to coal-surplus companies that approach the coal ministry, said a senior government official who asked n...
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Sheila Dikshit's son and Delhi MP Sandeep asks to disband DERC to cheer Reliance

Sheila Dikshit's son and Delhi MP Sandeep asks to disband DERC to cheer RelianceTo cheer the Reliance Group, Congress MP Sandeep, who represents East Delhi Lok Sabha constituency, asked the Delhi Chief Minister and his mother Sheila Dikshit to disband the Delhi Electricity Regulatory Commission(DERC), which he said is being run by a set of people "who are completely inactive." ...
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HPERC asks Himachal Government its stand on HPSEB unbundling

HPERC asks Himachal Government its stand on HPSEB  unbundlingClose on the heels of the Centre turning down the state’s request for more time for unbundling of the Himachal state Electricity Board (HPSEB), there is fresh trouble for the government. The State Electricity Regulatory Commission (HPERC) has asked the government and Himachal Pradesh State Electrici...
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Y S Ratra,PSEB Chairman favours unbundling of Punjab State Electricity Board

 Y S Ratra,PSEB Chairman favours unbundling of Punjab State Electricity BoardStating that unbundling of the Punjab State Electricity Board (PSEB) would encourage competition among the various departments of the Board, Mr Y S Ratra, Chairman of the PSEB called for implementing the recommendations of the Electricity Act 2003. “Although, it is up to the state government to deci...
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Satyam scandal may pull plug on MSEDCL power plans

Satyam scandal may pull plug on MSEDCL power plans

The revamp and repair of worn-out power supply network in Maharashtra has received a setback as many of the modernisation contracts have been awarded to Maytas Infra, the beleaguered company promoted by tainted Satyam honcho Ramalinga Raju's family. However, Maharashtra State Electricity Distributio...

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Sugar factories of maharashtra demand increase in power purchase rate

Sugar factories of maharashtra demand increase in power purchase rateSugar factories, which are setting up co-generation projects in Maharashtra, have made demand for increasing the power purchase rate that has been fixed by the Maharashtra State Electricity Distribution Company Ltd (MSEDCL).The factories will soon approach the Maharashtra Electricity Regulatory Comm...
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