Industrial production in United States eased by 0.5% in February 2008 from January 2008 levels. Infact, the country has been witnessing fall in the pace of growth from 0.4% in November 2007 to 0.2% in December 2007, which came down to 0.1% in January 2008 and finally a fall by 0.5% in February 2008, on a sequential basis over the previous month. On a y-o-y basis, the industrial production grew by 1% in February 2008 over February 2007 levels.
Much of the decrease in February 2008 has been attributed to a drop of 3.7% in the output of utilities. On the positive side, the mines output went up by 0.4% but on the flipside, the output of manufacturing sector decreased by 0.2%. As a result, the capacity utilization rate for total industry in February fell 0.6 percentage point, to 80.9%, which is the lowest rate since November 2005.
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National Thermal Power Corporation Ltd (NTPC) has commissioned a 500-MW unit of a thermal power plant in Bihar, taking its total generation capacity in the country close to the 30,000 MW-mark. NTPC’s second unit of 500 MW of Kahalgaon Thermal Power Project - Stage II located in Bihar has been successfully test synchronized on March 16. With the commissioning of this unit, the commissioned capacity of Kahalgaon project is 1,840 MW and the company’s total installed capacity stands at 29,144 MW.
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Bharat Heavy Electricals Ltd (BHEL) has bagged a Rs 2,030-crore contract from Bhartiya Rail Bijlee Company (BRBCL) a joint venture company of NTPC Ltd and Indian Railways for the supply and installation of the main plant package for the upcoming 1,000 MW Nabinagar thermal power project in Bihar. BHEL’s scope of work includes design, engineering, manufacture, supply, erection and commissioning of steam generators with electrostatic precipitators and associated auxiliaries and so on. Slated for synchronization during the Eleventh Plan, these units will add 24 million units every day to the grid on commissioning.
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