IPA Special

China, India 2030 Coal Imports May Hit 1.4 Billion Tonnes

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...

Mar 15 · >

Coal Minister To Issue Show Cause Notices To 58 Block Allocatees

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...

Mar 15 · >

Suzlon Refutes Talk Of Alstom Eyeing Repower Systems

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...

Mar 15 · >

Wind Mill Owners To Try Novel Approach To Power Trading

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...

Mar 15 · >

Tata Power, SN Power Group To Buy Stake In Sarda Energy’s Project

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...

Mar 15 · >

No More Gas-Based Plants Till 2015: Govt To Power Companies

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...

Mar 15 · >

Gazprom Trips In India As Shale Upends Asia Gas Markets

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...

Mar 15 · >

ONGC Close To Filling Key Positions

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...

Mar 15 · >

After Mamata Banerjee's Outburst, Oil Companies Fear No Hike In Prices

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,...

Mar 15 · >

Cairn India: Fairly Priced, But Some Concerns Prevail

MUMBAI: Cairn India’s stock has lost some steam after seeing an excellent run-up of 60 per cent from its 52-week low of Rs 250 in August last year to its 52-week high of Rs 400.95 on this February 22. The stock is down around seven per cent from its...

Mar 15 · >
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