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NEW DELHI: India is mulling inviting Qatar to invest in the country’s energy sector, and may offer equity stake to the Gulf nation in NTPC’s gas-based project in Kerala, in lieu of assured fuel supply for the plant. Power Ministry which is battling with acute gas shortage at its...
HYDERABAD: Hindustan Petroleum Corporation Ltd (HPCL) is set to revive its plan to set up an integrated mega refinery near Visakhapatnam. The company has approached the Andhra Pradesh government for allotment of about 1,500 acres at Achyutapuram near Vizag for this. The land the state-owned company is keen on...
CHANDIGARH: About 50 retail outlets of Hindustan Petroleum Corp Ltd (HPCL) across Punjab have run out of their supply of diesel. The shortage of diesel supply has hit fuel dealers at a time when the demand for the fuel peaks in the agricultural sector with the harvesting season on...
MANGALORE/NEWDELHI: Mangalore Refinery and Petrochemicals Ltd (MRPL) is losing about Rs 20 crore daily due to the complete shutdown of its 300,000-barrels-a-day refinery. The shutdown was caused by acute water shortage. The shutdown will have a direct impact on fuel supplies particularly diesel, industry observers said. Most of the...
NEW DELHI: Looking to bring in more transparency, the Power Ministry is expected to introduce competitive bidding guidelines for short-term procurement of electricity next month. The guidelines, prepared after consultations with stakeholders, would be applicable for power being procured for a period of less than one year. “We are...
NEW DELHI: India is mulling inviting Qatar to invest in the country’s energy sector, and may offer equity stake to the Gulf nation in NTPC’s gas-based project in Kerala for assured fuel supply for the plant. Power ministry which is battling with acute gas shortage at its generating stations...
NEW DELHI: National Green Tribunal has sought a reply from the ministry of environment and forest (MoEF) on a plea challenging the environmental clearance granted to Kudgi Super Thermal Power Project Stage-I (2,400 MW) in Karnataka. A bench headed tribunal’s acting chairperson AS Naidu sought MoEF’s response on the...
KOLKATA: India’s largest power sector company NTPC’s denial to sign the newly formulated fuel supply agreement (FSA) for new power plants is likely to jeopardise the government mandated plan to secure committed coal supply to power producers. NTPC accounts for more than 35% of the quantity that CIL would...
NEW DELHI: The government has invoked special powers under the Electricity Act and directed the central and state regulators to implement a long-pending reform to allow industrial consumers to buy cheaper power from the open market. The move will help 15,000 large consumers particularly the sick textile, cement and...
NEW DELHI: Ahead of Saturday’s ministerial panel meeting to examine the attorney general’s opinion on the legality of a government decision allowing Reliance Power to divert surplus coal from its Sasan captive mines, the private developer has independently secured a favourable opinion from the country’s top legal brains, including...
CHENNAI: Amidst growing power demand this summer, Tamil Nadu chief minister J Jayalalithaa on Wednesday wrote yet another letter to Prime Minister Manmohan Singh, reiterating her earlier appeal that the entire 1,000 MW generated from the first unit of the Kudankulam Nuclear Power Plant (KNPP) be allotted to the...
JODHPUR: The environment ministry has cleared the way for the world’s largest consolidated solar power project to be located in Dhule,Maharashtra, a top government official said. A marquee project for the Maharashtra government to advertise its renewable energy commitments, the 125 megawatt (MW) solar plant was among the first...
MUMBAI: The renewable energy ministry is planning to re-introduce incentives for the wind energy sector to allay fears that capacity addition could fall after the sops were withdrawn from April 1. The government rolled back two key incentives for the sector this year: accelerated depreciation and generation-based incentive. Industry...
KOLKATA: Wind energy may have attracted lukewarm response in India but global venture funding in wind energy sector touched $240 million with record 12 deals during first quarter of 2012 according a report by Mercom Capital Group. This is in sharp contrast to two deals totaling $12 million in...
JODHPUR: State-run Solar Energy Corporation, formed primarily for executing the Jawaharlal Nehru National Solar Mission (JNNSM), will be fully functional by June. “The broad mandate of the company will be to help the ministry to implement JNNSM. It will be fully functional in another two months,” Director Ministry of...
NEW DELHI: The government’s decision to switch to a new royalty formula for coal would erode the benefit currently available to captive coal miners by way of reduced royalty rates. At the same time, it would increase state governments’ royalty collection multi-fold. As captive miners do not engage in...
NEW DELHI: Coal India Ltd workers will get Rs 1,12,800 life cover from the coal companies, minister of state for coal Pratik Prakashbapu Patil said on Wednesday. Coal India Ltd has recently revised the wages and salaries of coal workers with effect from July 1, 2011, he said in...
NEW DELHI: The government has identified 54 coal blocks with total geological reserves of about 18.22 billion tonnes for auction to various companies, minister of state for coal Pratik Prakashbapu Patil said in a written reply to Lok Sabha on Wednesday. Of the 54 blocks, 16 with 7.27 billion...