Policy | Panel to look into issues of private power firms

Policy | Panel to look into issues of private power firms
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First Published: Tue, Jul 14 2009. 10 21 PM IST
Updated: Tue, Jul 14 2009. 10 21 PM IST
New Delhi: The power ministry has decided to set up a five-member panel to resolve issues that the power generation companies in the private sector are facing, power minister Sushil Kumar Shinde said on Tuesday.
“I have asked the private sector companies to recommend five names from among themselves to form a panel. This panel will meet the secretary every two months to look into issues like coal linkages, environment and financing,” he said on the sidelines of a meeting with private sector generation companies.
He said India is currently facing a shortage of 15,000-20,000MW.
Shinde had on Friday told the Lok Sabha he was confident of adding 68,000MW capacity in the 11th Five-Year Plan (April 2007-March 2012) against the planned target of 78,577MW.
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Committee moots institute for valuers
New Delhi: An expert panel constituted by the government to work out details of a proposed legislation to regulate the business of corporate valuations has recommended setting up of an autonomous institute for such professionals.
The panel, headed by Amit Mitra, secretary general of the Federation of Indian Chambers of Commerce and Industry, has suggested the institute should function more as regulatory and technical body and play a promotional and facilitation role to ensure high quality education and examination system for the valuation profession, said a statement issued by the ministry of corporate affairs on Tuesday.
The Union government intends to introduce the Valuation Professionals Bill in the next session of Parliament. The Companies Bill provides for a framework to enable fair valuations in companies and, thus, charts a need for professional valuers.
— Sangeeta Singh
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First Published: Tue, Jul 14 2009. 10 21 PM IST