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SINGAPORE: Oil prices slid in Asian trade today after nuclear talks over the weekend between major crude produce Iran and world powers eased concerns over West Asia supply, analysts said. New York’s main contract, West Texas Intermediate crude for delivery in May, was down 61 cents to $102.22 per...
NEW DELHI: In a development that makes a mockery of the government’s proclaimed transparency drive, the power ministry has asked the coal ministry not to make public the list of power projects that would get coal linkage under the new mandatory fuel supply agreements with Coal India. This results...
KOLKATA: Amid the controversy over Coal India Ltd’s (CIL) signing of fuel supply agreements (FSAs) with power companies, the Union power ministry has demanded quick action on a regulator for the coal sector, to decide on allotment and pricing issues, including whether to go ahead with the gross calorific...
NEW DELHI: Bhutan is likely to cut power export to India in coming years even as it plans to import electricity during winter.Bhutan is expected to slash power export to India as the neighbouring country’s own electricity consumption rises fast due to industrialisation. This move may force India to...
AHMEDABAD: Solar power projects with a total capacity of 600 Mw will soon be commissioned at a ceremony at Gujarat Solar Park at Charanka village in Radhanpur, officials of Gujarat Power Corporation said here on Sunday. The projects at Solar Park currently has an aggregate capacity of 214 Mw....
CHENNAI: The US Export-Import Bank has approved $80 million in export financing for a solar project in India. Supporting US jobs at companies in eight States, the bank’s board of directors approved $80.32 million direct loan for the purchase of ‘concentrated solar power technology’ by Reliance Power in Rajasthan....
MUMBAI: Global supplier of technology and services Bosch, which recently forayed into the solar energy space inIndia, is eyeing 10 mega watt worth projects over the next few years. “We are in talks for developing 10 MW projects with private players in Gujarat,Maharashtra, Rajasthan and Karnataka,” Solar Energy Division,...
DHAKA: Transparency International Bangladesh (TIB) and green activists yesterday called for cancellation of the ‘suicidal decision’ of Bangladesh on the proposed coal-fired power project, to be built by India’s NTPC near the world’s biggest mangrove Sundarbans. The corruption watchdog body along with Bangladesh Environmental Lawyers Association (Bela), ActionAid Bangladesh,...
NEW DELHI: Facing criticism for its inability to meet the growing demand for coal, the government is working on a proposal under which Coal India Ltd (CIL) would engage private sector companies to undertake mining on behalf of the public sector undertaking (PSU). The proposal to involve the private...
NEW DELHI: The coal ministry has contested the national auditor’s assessment that the government lost nearly R10.7 lakh crore by not auctioning 155 coal blocks during 2004-2009. The ministry has asked the Comptroller and Auditor General (CAG) to rework its draft performance audit report, giving due consideration to several...
NEW DELHI: CIL board is likely to meet tomorrow to consider the model agreement with power producers for assured supply of the fuel in the wake of the Presidential directive for signing fuel supply pacts. The government issued a Presidential directive on April 3 to CIL to commit a...
NEW DELHI: Coal India is expected to enter into fuel supply agreements (FSAs) with as many as 50 firms, including NTPC, Reliance Power and DVC, for a total capacity of 28,000 MW, sources said. The proposed move follows issuance of a Presidential directive to Coal India (CIL) for supplying...
NEW DELHI: UK-based hedge fund TCI has said it would initiate a legal action against state-run Coal India (CIL) within a week for failing to protect the interest of minority shareholders. “We will file a law suit against CIL board within a week or so…,” Oscar Veldhuijzen, a partner...
NEW DELHI: As New Delhi looks to translate its relationship with the US into badly needed high technology, the government is readying for meetings tomorrow with America’s key gatekeeper of military technology, the visiting assistant secretary of state for political military affairs, Andrew Shapiro. High on New Delhi’s technology...
BANGALORE: Even as the IAF Training Command is hit by shortage of trainer aircraft, the government is yet to procure more trainer jets. The IAF which is left with the aeging Kiran fleet which is also dwindling in numbers has been forced to revamp its training syllabus. “The syllabus...
India has decided to fast track purchase of air defence guns for its forces and has called for information from global firms in this regard. Exactly a month after army chief Gen. V.K. Singh highlighted gaps in the country’s defence preparedness in a letter to Prime Minister Manmohan Singh,...
Ultra Electronics, TCS, based in Montreal,Canada, has been awarded an order for Electronic Warfare equipment totalling $3.4 million. Ultra Electronics, TCS, based in Montreal,Canada, has been awarded an order for Electronic Warfare equipment totalling $3.4 million. The system will be delivered to the Defence Avionics Research Establishment (DARE) in...
Moves are on to bring the Ministry of Defence under a national offsets authority that the government plans to make an umbrella body for procurement by all its departments. While talks of having a national offsets policy has been on the cards for the past several years, the Ministry...