BUSINESS ROUND UP

By Group 2
 Union Budget
• Total outlay for the Ministry of Power is Rs 60,751.42 crore.
• NHPC - Rs 781 crore,
• Energy Conservation - Rs 143.94 crore,
• Bureau of Energy Efficiency - Rs 66.92 crore,
• RGGVY - Rs 5,500 crore,
• Restructured Accelerated Power Development Reform Programme - Rs
3,700 crore and
• Interest subsidy on National Electricity Development Fund - Rs 227.64
crore.
• Total outlay for Nuclear Power Scheme is Rs 4,739 crore.
• The Plan outlay consists of Rs 1848 crore by way of budgetary support and
Rs.2,891 crore
• India needs to shift from coal to other sources of energy: IEA
• More power needed for sustained economic growth, says
PM (Lead)
• Availability of affordable power critical for India’s
development: PM
• PM lays foundation of NTPC-BHEL power equipment plant
• World Bank backs Dhaka’s power, transit deals with Delhi
• Bengal business chambers demand subsidy after power hike.
• Government started an ambitious project called “Power for
All” by 2012.
 Past week Updates
• Reliance Natural Resources and Reliance
Power Plans For Merger
• Jindal Power To Urge To Restore Terms Of
Reference For Chhattisgarh Project
• GMR Completes Land Acquisition For Power
Project In Chhattisgarh
• Tata Power To Commission 3 MW Solar Power
Plant By 2010 End.
• Suzlon Energy Incurs Loss Of Rs 188 Crore In Q4

• Chandigarh to spend Rs.14 cr for upgrading power sector

• Power sector's dependence on coal to continue

• Indonesia invites Indian firms to invest in its power sector

• Power ministry wants more gas

• US firm to invest $2 bn in India's renewable power sector

• Uttar Pradesh plans public-private model for power distribution

• Advani tells Karnataka to emulate Gujarat in power sector

• 'Localisation and cost cutting important for power sector'

• Power sector needs to double growth, says Shinde

• Power sector to miss 11th Plan targets

• Power sector will be biggest beneficiary of n-deal: Kamath

 Current Week Updates
• PowerGrid FPO in November second week.
• Suzlon makes a rebound on the new order.
• US worried about nuclear liability.
• Nuclear accountability Bill goes after international
principles: MoS.
• U.S. Exim Bank to finance $900m Reliance Power project.
• Gas To Dominate Power Generation.
• Economic Downturn Hamstrings IT Stimulus About to Kick
In
• JAPAN RISING SOLAR - At What Cost?