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NHPC takes over Jal Power Corporation Ltd

NHPC takes over Jal Power Corporation Ltd NHPC takes over Jal Power Corporation Ltd Excelsior Correspondent JAMMU, Mar 31: NHPC, India’s premier hydropower company took over Jal Power Corporation Limited today after payment of resolution amount of Rs 165 crore into the lenders designated account. The handing and taking over ceremony was carried out in the presence of RP Goyal, Director (Finance), NHPC, Biswajit Basu, Director (Projects) and other senior officers from NHPC, Secure Financial Creditors from PFC and PNB and Resolution Professional. RS Dhillon, CMD, PFC was also present on the occasion. Jal Power Corporation Limited is developing a 120 MW Rangit Stage-IV Hydroelectric Project in the State of Sikkim. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) which was initiated on April 9, 2019 vide an order of NCLT. PFC and PNB are the financial Creditors. NHPC’S Resolution Plan was approved by Hon’ble NCLT vide order dated 24.12.2020 a

CKPower Invests in Xayaburi Power with 1,800 MB to Acquire 5% More

The Company to pay dividends on May 20, 2021 Mr. Thanawat Trivisvavet, the Managing Director of CK Power Public Company Limited (CKPower), or CKP in SET, announced that the Board of Directors has approved the acquisition of shares in Xayaburi Power Company Limited ( XPCL ), the operator of the Xayaburi Hydroelectric Power Plant ( Xayaburi HPP ) in the Lao PDR. The Company intends to acquire 134,305,000 shares in XPCL, representing 5% of XPCL s registered capital solely from PT Sole Company Limited ( PTS ). The total amount of acquisition is approximately 1,826.55 million Baht. A request for approval will be made at the 2021 Annual Ordinary General Meeting of Shareholders of the Company, which is scheduled for April 22, 2021. Should the Ordinary General Meeting of Shareholders resolve to grant approval to the Company to execute such transaction, the Company expects to complete the acquisition of the shares of XPCL and the execution of the Share Purchase Agreement with PTS by the th

China Southern Power Grid responded to Namtha 1 Dam - Business & Human Rights Resource Centre

Business & Human Rights Resource Centre Featured pages Featured pages Update Featured pages Featured pages China Southern Power Grid response on Namtha 1 Dam China Southern Power Grid responded to the Resource Centre s request for comment. The company quoted a response from Nam Tha 1 Lao Power Company Limited, produced as follows: Subject: Clarifications on the Report of the Namtha Hydro Project in Laos [.] [A]fter a thorough investigation into the issues raised in the “Lao Villagers Relocated from China-Backed Dam Lack Land to Grow Crops” article, we have concluded that the contents described in the article were seriously inconsistent with the actual situation. Our fact-based formal response and clarifications are as follows:

Uttarakhand Disaster: Tapovan dam completely washed off, Says Air Force s initial survey dgtl

Uttarakhand Disaster: Tapovan dam completely washed off, Says Air Force s initial survey dgtl
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