At the devastated Tapovan power project site rescuers worked nonstop even as the odds of finding the trapped workers alive seemed slim.
Using drones and remote-sensing equipment, rescue teams intensified efforts on Wednesday to reach the 25-35 men trapped in a sludge-choked tunnel since the Uttarakhand glacier disaster three days ago and more than 170 remained missing, hopes of finding them alive fading with every passing hour.
The SP of Chamoli district, which faced the brunt of the glacier break in Uttarakhand, provides insights about the rescue operations.
Bharat Heavy Electricals Ltd has bagged a Rs 2,125 crore (Rs 21.25 billion) worth contract from National Thermal Power Corp for setting up Stage-III of the 1,000 mw Vindhyanchal Super Thermal Power Station in Madhya Pradesh.
The plan includes close to 6,000-Mw capacity to be set up by NTPC alone.
'The Himalayas are the Creator of Life.'
Banks need assistance to complete projects that they have taken over
The water level of the Dhauli Ganga river at Joshimath flowed at a perilously high level, breaching all records, Central Water Commission officials said after a part of Nanda Devi glacier broke off in Uttarakhand's Chamoli district leading to massive floods.
Omission of the name and photograph of former chief minister Nitish Kumar from the site of NTPC power plant at Barh, where a unit is being dedicated to the people on Saturday, triggered a war of words between rival parties.
Bajaj Finance was the biggest loser in the Sensex pack, tanking up to 8 per cent, followed by Hero MotoCorp, IndusInd Bank, Maruti and HCL Tech. Axis Bank, ITC, NTPC and M&M were among the top gainers.
A greater payment security mechanism for power generation companies to ensure timely payouts for supply of electricity will be in focus in 2022 as stricter rules are on the anvil for 24x7 power supply amid discoms' outstanding dues at a whopping Rs 1.56 lakh crore. Mounting outstanding dues of distribution companies (discoms) to electricity generation companies (gencos) have been a perennial issue affecting the entire value chain in the power sector and are also a hindrance for the ambitious goal of 24x7 power supply across the country even when the payment for coal is made in advance. The situation persists despite the fact that discoms' dues become overdue after 45 days of generating bills and they also have to pay penal interest on the overdue amount in most of the cases to gencos.
Groups of relatives have gathered at the Tapovan tunnel, hoping that their loved ones will emerge alive from its mouth.
Billionaire Gautam Adani's Group on Wednesday announced the acquisition of SoftBank Group Corp's renewable power business in India for a deal value of $3.5 billion (approximately Rs 25,500 crore), to become the world's largest solar company. In a statement, Adani Green Energy Ltd, the renewable energy unit of the port-to-energy conglomerate, said it has inked share purchase agreements to buy 100 per cent of SB Energy India from SoftBank and Bharti Group. Without giving deal details, the statement said the transaction values SB Energy India at an enterprise valuation of approximately $3.5 billion, it stated. The transaction marks the largest acquisition in the renewable energy sector in India.
Shares of Adani Green Energy (AGEL) continued their upward movement, hitting a new high of Rs 1,955.90, up 2.6 per cent on the BSE in Wednesday's intra-day trade in an otherwise weak market. The S&P BSE Sensex was down 0.77 per cent at 60,285 at 11:01 am. In the past 14 trading sessions, the stock of the renewable energy arm of the diversified Adani Group has zoomed 50 per cent from Rs 1,307.05 on December 30, 2021. In comparison, the S&P BSE Sensex was up 4.3 per cent during the same period.
The wall broke up after being forcefully hit by the Ganga river waters when the pump was switched on for a trial run.
'Joro shoro se rescue operation chal raha hai.'
India, besides China, the UAE and Qatar, are some of the major countries where CCI indulged in unfair practices to bag contracts.
IndusInd Bank was the top loser in the Sensex pack, plummeting over 23 per cent. PowerGrid, Kotak Bank, Bajaj Finance, HDFC Bank and NTPC also finished significantly lower. ONGC and ITC were the only stocks in the index that ended with gains. US President Donald Trump has proposed an economic package which could approach $1 trillion, a rescue initiative not seen since the great recession of 2008.
There is money to buy the central public sector enterprises, but buyers will need a firm assurance that the disvestment programme will keep environment issues front and centre of their corporate plans.
Around 7 billion units of coal power valued at Rs 2,400 crore lost due to drought.
It stands at a distance watching soundlessly as multiple teams work to reach those buried under mounds of debris and is sometimes heard breaking into howls of anguish -- a canine sentinel watching the rescue mission in its search for its missing puppies.
The minimum temperature in the capital dropped to 9.6 degrees Celsius, three notches below normal and the lowest this season so far. The maximum is likely to settle around 27 degrees Celsius, the India Meteorological Department said.
Uttarakhand Chief Minister Trivendra Singh Rawat said saving lives and extending all help to the families of the deceased is the state government's priority.
Unexpected discovery of huge coal reserves beneath NTPC's Karanpura plant site has led to a stand-off between the coal and power ministries.
The "load shedding", which entails compulsory power cuts in select areas, will be carried out both in urban and rural areas, the Maharashtra State Electricity Distribution Company said in a statement.
Security personnel at work inside the tunnel rushed out and heavy machines engaged in drilling through the debris and sludge inside were withdrawn.
HDFC was the top loser in the Sensex pack, shedding over 2 per cent, followed by Axis Bank, Bharti Airtel, M&M, Reliance Industries, ICICI Bank, IndusInd Bank and Titan.
The death toll from the Uttarakhand glacier disaster rose to 31 with five more bodies being recovered, officials said on Tuesday as multiple agencies raced against time to reach about 30 workers trapped inside a tunnel in a power project site and 175 people remained missing.
Top gainers in the Sensex pack included Sun Pharma, IndusInd Bank, RIL, ITC, Vedanta, Asian Paints, HDFC and Infosys, advancing up to 3.02 per cent.
He worked on the Delhi electricity privatisation
In the new policy, which is likely to be called the Gas Linkage Policy, the government is mulling the option of giving preference in allotment to greenfield (new) power projects over brownfield (expansion).
An analyst says, due to excess capacity, investment in manufacturing will not be forthcoming
Way before the rains arrived at Talwandi Sabo Power plant in Punjab, the one check the coal ministry was carrying out was the availability of coal stock with the generator. Talwandi Sabo Power Limited (TSPL), the 1,980-Mw thermal power plant of Sterlite Energy, part of the Vedanta Group, which supplies about 15 per cent of Punjab's power, is one of the most difficult locations to manage coal supplies. It is nearly 1,700 km from the mines of Mahanadi Coalfields in Odisha, the longest coal route in India and possibly the trickiest as it cuts through the traffic heavy rail lines between Delhi and eastern India.
The move to declare those who continue to be missing in the flash flood as presumed dead has been initiated to expedite the process of distribution of compensation among the affected families, he said.
As bodies are being continually pulled out of the muck-filled power project tunnel in Tapovan, the atmosphere outside is getting grimmer with families of the missing people losing hope of seeing them alive.
India's jugalbandhi with coal and clean energy is coming unstuck, neither achieving adequate renewable generation nor ensuring sufficient coal-fired power in the quest to become a $5-trillion economy. Six months have elapsed since Prime Minister Narendra Modi announced an ambitious climate agenda for India at COP26 at Glasgow. The net zero emissions target by 2070 is a distant one, but there are nearer-term plans to meet 50 per cent of energy demand with renewables by 2030 by increasing capacity to 450 Gw. A cursory look at the balance sheet of India's climate progress since November reveals ponderous progress towards meeting the renewables target even as the country is scrambling to expand coal-fired generation in the face of a power crisis.
'The 100-metre stretch from the opening of this tunnel is completely flooded with debris; the oxygen supply (through the pipes) too had gotten over and the chances of any survivors inside this tunnel are very bleak. Nobody has been able to talk to the people trapped inside'
Eyeing to become India's largest player in 2020 Adani Group plans to invest 70 per cent of its capital expenditure in clean energy and energy efficient systems.
