Reliance Natural Resources Ltd (RNRL), a firm of Anil Ambani group, has filed an intervention plea in the Supreme Court seeking permission to intervene in the ongoing NTPC-RIL gas dispute.

The RNRL has claimed that the issues raised by the state owned power PSU have a direct effect on its own case against the RIL.

Currently, Mukesh Anbani led RIL and Anil Ambani led RNRL, are in a gas row. The case is in the Supreme Court and RNRL is asking for gas at $2.34 per mmBtu.

After setting a target of generating 20,000 MW solar power by 2020 under the Solar Mission, the Prime Minister's Council on Climate Change will take up the National Mission for Enhanced Energy Efficiency (NMEEE) at its meeting Monday.

The NMEEE, one of the eight national missions under the National Action Plan on Climate Change is trying to raise energy energy efficiency.

The mission will help save 5% of yearly energy consumption and nearly 100 million tones of carbon dioxide per year.

The Bharat Heavy Electricals Ltd (BHEL) and the Maharashtra State Power Generation Company (MahaGenco) on Wednesday signed an agreement to establish a 1,500 MW gas-based power plant in Latur.

According to the agreement, in case the Centre fails to allocate gas to the plant, both the partners would go ahead with the construction of a 1,320 MW thermal plant at the same place.

The plant would have advanced super-critical technology and would be free from pollution.

Adani Power, a part of Gautam Adani-led business conglomerate, is all set to sell 337.7 million shares through Initial Public Offer (IPO) with the Indian firm approaching the market regulator SEBI for approval of its plans.

The company is encouraged by recent improvement in stock market conditions in the midst of global financial crisis which plunged the stock market earlier before few months.

Tata Power Company, a leading power major, has clocked phenomenal decline in standalone net profit for the three month period ended December 2008.

During the quarter, the profit of the company slashed 48.76% to Rs 1,010.80 million against Rs 1,972.80 million in the same quarter of previous fiscal.

Net sales grew 25.18% to Rs 17,768.70 million, while total income rose 24.78% to Rs 18,228.70 million for the quarter ended December 2008 against with the prior year period.

Bharat Heavy Electricals (BHEL) has announced that it has been awarded Rs 50.40 billion contract by Jindal Power for constructing 2,400 megawatt power plant in Chhattisgarh.

Under the said contract, BHEL would install four units of 600 megawatt each in O P Jindal super thermal power plant situated at Raigarh in Chhattisgarh.

The major activity of BHEL in the contract entails designs, engineering, manufacture, supply and erection of boilers, turbines, generators and associated auxilliary.

A consortium of power transmission tower manufacturer Kalpataru Power Transmission (KPTL) and German gas infrastructure conglomerate Zangas secured a gas pipeline contract worth Rs 240 crore from GAIL.

According to the sources, KPTL had submitted their bid in association with JSC-Zangas for GAIL's prestigious Vijaipur-Dadri piper project in June, 2008.

The sources further revealed that KPTL has already finalized over 1000 Kms of cross country pipelines in India in the last four fiscals of commencing infrastructure business in Oil & Gas sector.

Polyplex Corporation has made announcement that the company plans to pump up to Rs 370 million in hydro power projects.

According to the sources, the funding of the proposed projects will be done through company’s internal accruals / surpluses of its subsidies.

The sources further revealed that company’s products include plain, corona and chemically-treated transparent films; high adhesion and barrier films, ultra clear films, hazy films, matte films, co-extruded films, and metallized films.

India’s major power producer NTPC has made announcement that the company has clinched a pact with Ministry of Power (MoP) and Japan International Cooperation Agency (JICA) to undertake joint project with technical assistance of JICA experts for `Study on enhancing Efficiency of Operating Thermal Power Plants in NTPC – India` in New Delhi.

The source close to the company said the proposed pact the outcome of talks under Indo-Japan Energy Dialogue.

KEC International, a leading player in the power transmission engineering, procurement and construction business, has revealed that the company is looking for contracts worth more than Rs 800 crore in the coming quarter.

According to the sources, the company expects a major chunk of order from overseas market.

While commenting on the orders, Mr. Ramesh Chandak, Manging director and CEO stated, “We expect our overseas orders in the next quarter of this fiscal to be at over Rs 500 crore.”