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AHMEDABAD: PSU oil major, Oil and Natural Gas Corp (ONGC), today said that it has appealed the government to offset the additional cess on crude. “Our appeal is to at least offset the additional cess burden, which has increased by 80 per cent from Rs 2,500 to Rs 4,500...
NEW DELHI: Reliance Industries has reported natural gas production from its eastern offshore KG-D6 fields dropping to less than 34 million standard cubic meters a day. Gas output from KG-D6 in the week ended April 1 dropped to 33.89 mmscmd from 34.09 mmscmd in the previous week, according to...
NEW DELHI: The government has ordered Reliance Industries (RIL) to sign agreements with NTPC and 10 city gas distribution firms for supply of natural gas from its eastern offshore KG-D6 fields. The Oil Ministry this month shot off three separate letters to RIL asking it to sign Gas Sales...
MUMBAI: A major upgrading of its refinery in western India by refiner Essar Oil should boost its margins by up to $5 a barrel, its chief executive said on Thursday, adding nearly three quarters of a billion dollars to its annual revenues. Essar has just completed a $1.6 billion...
NEW YORK: US natural gas for delivery this fall is trading at a record premium, signaling the fuel may be poised to rebound from its worst quarter in two years because of production cuts and rising demand from power plants. Gas futures for delivery in October traded at an...
NEW DELHI: The power ministry has written to the Cabinet Committee on Infrastructure to mandate a uniform 50% risk weight to bank loans for state-owned Power Finance Corporation (PFC) and Rural Electrification Corporation (REC), a move which could lead to banks doubling their exposure to these companies if it...
MUMBAI: In yet another push for granting open access to all electricity consumers with power requirement of 1 Mw and above, the power ministry, exercising its power under section 107 of the Electricity Act, 2003, has issued directives to the Central Electricity Regulatory Commission (CERC) stating that regulators have...
NEW DELHI: The Attorney General (AG) has advised the government that if it wants to revoke the permission given to Reliance Power to divert surplus coal from mines attached to the Sasan power project, it will have to show that the company violated the terms under which it was...
India’s installed power generation capacity crossed two lakh MW last week. However, there is little cheer as demand continues to soar. The Central Electricity Authority indicates that against a peak demand of 130,250 MW, the deficit was 11.1 per cent or 14,458 MW for 2011-12. For Mumbai alone, the...
KOLKATA: NTPC will not sign separate fuel supply agreements (FSAs) for new units and old units at the same power station as is now required by Coal India. It intends to sign the same set of contracts – the one it has already signed for some of its units....
NEW DELHI: Power companies have sought intervention from the power ministry to ensure that coal supply is maintained to power plants through the memorandum of understanding (MoU) route until fuel supply agreements (FSAs) are signed. This comes after the Central Coalfields Ltd (CCL), a Coal India Ltd subsidiary, recently...
LONDON: Nuclear energy should be considered a clean energy source, Mr Montek Singh Ahluwalia, Deputy Chairman Planning Commission, said that at the end of the 23-Government Clean Energy Ministerial meeting that took place in London this week. Mr Ahluwalia, who represented India at the third CEM conference, said that...
NEW DELHI: In a twist to the unending drama over coal supply, Coal India Ltd (CIL) has refused to supply to power plants commissioned since December 2011. The move is set to stall investment worth Rs 40,000 crore in new power capacity of 8,156 Mw. This includes a 300-Mw...
MUMBAI: Power generators who do not have power purchase agreements (PPA) with electricity distribution companies will not get Coal India supplies. A senior power company official said about 20,000 MW of merchant power projects will be stranded if the Government does not review its decision. The Government has directed...
NEW DELHI: India is all set to add another swift but silent lethal punch to its blue-water arsenal by inducting a new stealth frigate with weapons and sensors for three-dimensional warfare. The 3,970-tonne INS Teg frigate , armed with the 290-km BrahMos supersonic cruise missiles among other weapon systems...
NEW DELHI: Even as the Bofors gun scandal continues to haunt India years after it was unearthed during the 1980s, the good news is that these guns may soon be produced at home. The country’s largest power equipment manufacturer, state-owned Bharat Heavy Electricals Ltd (BHEL), which is already making...
CHENNAI/BANGALORE: French engineering company Altran Technologies, which operates across 20 countries in Europe, Asia and the Americas, plans to expand its Indian operations, by tapping the Indian market and also serving global customers in the aerospace, automotive, railways and energy verticals from India, a senior company official said here...
The European Union has sought India’s help to build the maritime capacities of coastal countries in the Horn of Africa to strengthen their ability to fight piracy in the world’s most dangerous waters for commercial shipping. The EU Military Staff (EUMS) wants to scale up engagement with the Indian...