6/04/2009

NEWS for 4th june09

MUMBAI

State-run engineering equipment maker Bharat Heavy Electricals Ltd (BHEL.NS : 2134.9 +14.45) said on Wednesday it had won a contract worth 3.75 billion rupees ($80 million) to supply two gas turbines for a power project in Oman.



MUMBAI

Tata Power Company plans to build gas-based power plants and is in talks with state-run gas transporter GAIL India Ltd (GAIL.NS : 307.65 -2.4), the Hindustan Times reported on Wednesday, citing a senior official.

"We are looking at gas-based plants. We have a plan of having 25 percent of our total power supply from clean energy sources by 2017," S. Padmanabhan, executive director of Tata Power was quoted as saying in the paper.

"GAIL is always talking to us," he said, when asked whether talks were on with the state utility, the paper said.

Tata Power officials could not be immediately reached.

GAIL operates a national gas grid pipeline from the Krishna-Godavari basin off India's east coast. The gas pipeline goes up to Maharashtra in the west and Uttar Pradesh in the northern part of the country, the paper said.

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