Tokyo Electric Power Co (Tepco) has requested the Japanese government to grant extra aid of 690 billion yen ($8.8 billion) so that it could cover compensation payments to victims of the Fukushima Daiichi power plant disaster.

Tokyo Electric Power Co. (Tepco) has said that increase in electricity bills has become indispensable to cover costs of switching to other sources of power.

Tepco, the leading power utility in Japan, faces huge compensation payments and clean up costs at Fukushima Dai-ichi nuclear plant, which was wrecked in March 11 earthquake and tsunami.

SP Services said yesterday that electricity prices will increase by 6.5% between April and June from the first quarter to hit 25.58 cents per kilowatt hour due to hike in oil prices in recent months. The hike in power tariffs would be highest in two-and-a half years.

This increase in tariff would increase the average cost of a household living in a four room flat by an extra of S$4.85 monthly.

The shares of Power Grid Corporation got as high as one hundred and six rupees and seventy paisa within the day and became as low as one hundred and five rupees and ninety paisa within the same day.

The Power Grid Corporation of India saw a rise of forty one decimal six two percent in its net profit net profit reaching six hundred and fifty one decimal four zero crores of rupees as it grew by twenty five percent and touched the figure of two thousand one hundred and twenty six decimal six three crores of rupees in the second quarter of 2010 compared to the second quarter of 2009.  

The construction of main plant of the projected five hundred Mega Watt unit in the Korba power project of the National Thermal Power Company got delayed and has put a leading construction company under keen eyes of the NTPC.

Nine percent stake in Avantha Power & Infrastructure (APIL) has been acquired for two hundred and seventeen crores of rupees by the leading American private equity firm Kohlberg Kravis & Roberts (KKR).

According to an investment banker the American private equity firm has received six decimal four crores of equity shares at thirty four rupees per share from APIL which is a power segment of the Avantha group.