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NEW DELHI: To meet fuel supply commitments to the power sector, the government today said CIL might divert a portion of the coal meant for e-auction to power plants. “… Coal India Ltd (CIL) may reduce coal meant for e- auction from 10 to 7 per cent of its...
NEW DELHI: China’s thermal coal imports could soar to one billion tonnes in 2030 from just 175 million in 2011 , while India’s imports will be at least 400 million tonnes in that same year, five times last year’s levels, research consultants Wood Mackenzie said. Imports will rise as...
NEW DELHI: The government today said it has decided to issue show-cause notices for deallocation to allocatees of 58 coal blocks for sitting idle on captive mines. The decision was taken by a review panel headed by Coal Additional Secretary Zohra Chatterji. “The committee has given its recommendations and...
MUMBAI: Indian wind turbine major Suzlon Energy refuted media reports that French engineering conglomerate Alstom SA is evaluating a potential offer to acquire its subsidiary REpower Systems, saying it was “entirely speculative”. Shares of Suzlon Energy soared 5% to an intra-day high of Rs 30.75 on a report in...
CHENNAI: Windmill owners are considering partnering directly with wind energy consumers to facilitate power trading and get around power supply restrictions. The Tamil Nadu Spinning Mills Association (TASMA) along with its members is likely to float a special purpose vehicle (SPV) in which the windmill owners and power consumers...
NEW DELHI: A consortium comprising Tata Power Co. Ltd and SN Power Norway is in talks to buy a significant stake in a 96 megawatts (MW) hydropower project in Sikkim from Sarda Energy and Minerals Ltd in a transaction valued at about Rs.200 crore, according to two people aware...
NEW DELHI: Government has asked power producers to refrain from setting up new gas-based plants as dwindling fuel supply is threatening viability of 37,000-MW of existing and upcoming projects. The power ministry has issued an advisory to developers for not planning projects based on domestic gas till 2015-16. The...
Gazprom, the world’s largest natural-gas exporter, is struggling to get a foothold in the Asian markets leading global economic growth. The Russian company’s plan to supply liquefied natural gas to India from 2016, the year the US is set to start gas exports, is faltering after buyers said they’re...
MUMBAI: State-run energy major Oil and Natural Gas Corporation (ONGC) is close to filling two key senior management positions as the Public Enterprises Selection Board ( PESB) has recommended names of PK Borthakur – executive director and asset chief, Mumbai High – for the post of director (offshore), and...
NEW DELHI: Trinamool Congress leader Mamata Banerjee’s outburst against her own party member and railway minister Dinesh Trivedi for raising passenger fares has demoralised state oil companies as they fear the government would not be able to raise fuel prices despite mounting losses. Senior executives of Indian Oil Corp,...