11844 stories by IPA Staff
RIL-BP Allowed To Survey 12 KG-D6 Fields
NEW DELHI: A regulatory panel has allowed Reliance Industries to carry out surveys on 12 satellite fields in the deep water D6 block in the east coast, subject to the condition that this expense would become eligible for recovery only if a subsequent field development plan is approved by...
CBM Pricing: DGH Endorses RIL's Formula
NEW DELHI: The directorate general of hydrocarbons (DGH) has endorsed Reliance Industries’ pricing formula for coal bed methane (CBM) from its Madhya Pradesh blocks but raised two queries that could further delay the pricing approval. Reliance had invited price bids from potential CBM customers. The oil ministry has to...
India Requests Qatar For Immediate Supply Of 3 Million Tonne Of LNG
NEW DELHI: India has requested Qatar for immediate supply of 3 million tonne of LNG to India to be imported by Petronet LNG Ltd and GAIL. The requested amount will increase to 15 million tonnes in the next 3-4 years, commerce and industry minister Anand Sharma said in a...
Will a gas seller's fine upend a promising industry?
IGL has run afoul of the industry’s regulator because it refuses to disclose vital numbers used to compute the price charged to the end-user NEW DELHI: Indraprastha Gas Ltd, or IGL, was sitting pretty with a monopoly over the sale of compressed natural gas (CNG) and piped natural gas...
Reliance Industries Fails To Get Nod For Full Survey Of D-6 Block
NEW DELHI: Getting Government approvals is never easy, even though the energy behemoth, Reliance Industries, had managed to crack the process better than most corporates. On Friday, though, the company hit some unexpected red tape in the Capital, even as its top management was trying to allay investor worries...
Brent Crude Steady Under $119; Europe, Iran Eyed
SINGAPORE: Brent crude was steady under $119 a barrel on Tuesday as fears over the health of the euro zone economies and political uncertainty countered worries over a production stoppage in the North Sea and potential supply disruptions from Iran. The euro zone economy remains in dire straits, with...
Customs Duty On Power Equipment Put On Hold
NEW DELHI: The government has put on hold its plan to levy duty on import of power equipment by all developers to protect the interest of domestic firms, such as BHEL and L&T. A note proposing a 5% customs duty on electrical equipment imported by mega power projects was...
Exchanges Forced To Sell Power At Lower Rates: Deo
KOLKATA: Power exchanges will have to sell power at low prices since state distribution companies will not be able to purchase high-priced power, Central Electricity Regulatory Commission (CERC) chairman Pramod Deo said on Monday. Deo, at an interactive session organised by the Merchants’ Chamber of Commerce, said power has...
Merchant Power Rates May Go Up This Summer
KOLKATA: The Chairman of Central Electricity Regulatory Commission, Dr Pramod Deo, today said the merchant power tariff may increase this summer. This is largely because of the rise in fuel costs. “We are monitoring the merchant tariff. The tariff is showing a tendency to move up when compared to...
MoEF Nod For Parallel Processing Of Eco Clearances
MUMBAI: The Union Ministry of Environment and Forests (MoEF) has accepted coal-based power producers’ demand for a parallel processing of environment and forest clearances, instead of sequential clearances. This would help power producers secure these clearances early. The MoEF’s decision, made last week, is expected to fast-track clearances to...
Policy On Anvil For Thermal Power Plants
KOLKATA/BHUBANESWAR: The Odisha government is in the process of formulating a comprehensive policy for coal-based thermal power projects and captive power plants (CPPs) in the state. The proposed policy is likely to have a clause at the MoU (Memorandum of Understanding) level which will make it mandatory for all...
CERC Bats For Private Participation In Distribution
KOLKATA: The Central Electricity Regulatory Commission (CERC) has batted for more private sector participation in distribution sector to reduce aggregate technical and commercial(AT&C) losses and to improve efficiency. “Losses in distribution companies is due to huge inefficiency. More private sector participation is needed in the sector. In distribution, only...
Power Plants Grapple With Coal Shortage
NEW DELHI: Power plants in the country continue to grapple with coal shortage as 19 stations suffered acute scarcity, with only four days of fuel stock, last week. As per the Central Electricity Authority (CEA) data (April 19), 19 power plants spread across all the four regions of the...
One In Three Plants Running On Critically Low Coal Supply
NEW DELHI: More than one-third ofIndia’s coal-based thermal power plants are running on critically low levels of fuel stocks, according to the latest data released by the Central Electricity Authority (CEA) on Monday. Figures posted on the CEA website on Monday show that, as of 19 April, 32 of...
Cairn Deal: SC Notice To Govt, ONGC, Others
NEW DELHI: The Supreme Court on Monday sought replies from the Centre, ONGC and others on a PIL seeking a CBI probe into the $8.48-billion Cairn-Vedanta deal, besides a direction to the government to cancel its approval for the deal on the ground that the country would lose over...
Now, gujarat to cover narmada canals with solar panels!
GANDHINAGAR: Close on heels of commencing use of wastelands in northern districts and rooftops in towns and cities, Gujarat is set to potentially use the existing 19,000 km-long network of Narmada canals across the State for setting up solar panels to generate power. The Chief Minister, Mr Narendra Modi,...
No Auction Of Coal Blocks For Power Sector: Source
NEW DELHI: India will not auction new coal mining blocks to the power sector and will instead allocate them to companies that offer to sell electricity cheapest, a government source said on Monday. The country is introducing a new system that will put an end to allocation of captive...
Indonesia Bets On Tax Incentive To Attract Investments From India
CHENNAI: The Indonesian government is betting on a tax incentive for export of value-added products from the country and attract more investments from India. The country expects that the tax incentive, compared to the higher tax structure for trading of raw coal and crude palm oil from Indonesia to...
