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TOKYO: Disaster-battered Japan reported its biggest annual trade deficit ever on Thursday, a contrast from decades of surpluses, as a nuclear crisis boosted expensive oil and gas imports. The finance ministry’s preliminary trade data showed a 4.41 trillion yen ($54 billion) trade deficit for the fiscal year that ended...
NEW DELHI: Iran has rejected a request from India’s Mangalore Refinery and Petrochemicals to slightly delay an oil shipment for its 300,000 barrels per day (bpd) refinery which is closed, two sources said, as Tehran continues to face sanctions pressure. The refusal to push back delivery indicates Iran is...
NEW DELHI: In what belies the popular notion of a depressed investment environment in the country, the government’s spending on central sector projects commissioned in the first half of the previous financial year had risen exponentially, according to data obtained from the Ministry of Statistics and Programme Implementation (MoSPI)....
NEW DELHI: Union home minister P Chidambaram on Wednesday urged industry captains to train and employ the youth in Jammu & Kashmir. During a meeting with around 20 CEOs, the home minister also asked them to examine possibilities of marketing J&K’s agricultural produce. RP-Sanjiv Goenka Group chairman Sanjiv Goenka,...
NAGPUR: The state’s power availability has gone up by at least 150MW this summer as the first unit of NTPC’s Mouda power plant has started generation at full load. NTPC officials said that the first 500MW unit was synchronized on April 8 and it went on full load on...
NEW DELHI: The notion that hydro power is cheaper than thermal power is proving to be a fallacy. An FE analysis of the tariffs of some of the country’s largest hydro stations has revealed that they generate electricity at a cost much higher than most thermal plants. Thermal stations...
BANGALORE: Power and automation technology group ABB has commissioned three 765 kV sub-stations for Power Grid Corporation of India Ltd (PGCIL). The sub-stations are located in Wardha,Maharashtra, Seoni, Madhya Pradesh and Bilaspur, Chhattisgarh, according to a press statement. From the current inter-regional power flow capacity of 27,950 MW, the...
KOLKATA: Uranium Corporation of India’s new 3,000 tonne per day uranium mine & and processing plant will be inaugurated at Tummalapalle in Andhra Pradesh on Friday by Dr Srikumar Banerjee, secretary, department of atomic energy & chairman Atomic Energy Commission. With confirmed reserves of over 49,000 tonnes of uranium...
MUMBAI/AHMEDABAD: After dedicating to the nation 600 megawatts (Mw) of solar power projects in different parts of Gujarat, state chief minister Narendra Modi on Thursday hinted to come out with a rooftop solar power plant policy to encourage people to produce their own electricity and earn by selling the...
Solar-powered State: The Gujarat Chief Minister, Mr Narendra Modi, dedicated Asia’s largest solar power park, set up with an investment of Rs 9,000 crore by private companies to produce 214 MW daily at a single location at village Charanka in Patan district on Thursday As the hot summer triggers...
says Mr D.J. Pandian, Principal Secretary (Energy), Gujarat Government. Over the last decade, Gujarat has emerged a power-surplus State and carried electricity to nearly all of its 18,000 villages through the Jyotigram Yojana. Most of its areas now have a round-the-clock electricity supply. Its biggest cities such as Ahmedabad...
AHMEDABAD: A 600 MW solar power park, touted as Asia’s first and largest, was Thursday dedicated to the nation by Gujarat Chief Minister Narendra Modi in the state’s Patan district, in a boost to India’s efforts towards low carbon growth. The Gujarat Solar Park, spread across a desolate swath...
It is not common for the government to issue a Presidential order, forcing Coal India to sign fuel pacts with power producers. Now, the board of directors of CIL has created a chapter in the history of corporate governance in government-owned companies in India. It has effectively ensured that...
MUMBAI: With the initial heat and dust around Coal India Ltd’s (CIL) fuel supply agreements (FSAs) having settled, experts are now saying these are unlikely to improve the situation dramatically. For starters, there is no clarity on how much of the 80 per cent coal supply guaranteed would be...
NEW DELHI: The tension sharpened at the launch area at Wheeler Island on the Odisha coast this morning as the massive, 50-tonne, 17.5-metre-high Agni-5 missile was elevated into the vertical launch position, and the pre-launch checks began. The previous evening, exactly at this stage, lightning and thunder in the...
Marine-defense giant Atlas Elektronik is looking at new ways to target the booming Indian defense market. Atlas Elektronik is now focused on winning the torpedo upgradation program for the Indian Navy which has been using the German-made SUTs torpedoes (Surface and Underwater Torpedo). Designed to counter the threat of...
Minister of State for Defence MM Pallam Raju on Thursday welcomed Pakistan Army Chief General Ashfaq Parvez Kayani’s call for both nations to demilitarise the world’s highest battlefield at the Siachen glacier on their international border. Demilitarisation of Siachen will save millions of valuable dollars and the money can...
In the early morning of April 19, Agni V,India’s new big boy, stood tall on the launch pad on Wheeler Island off the Odisha coast. The sun peeped out dispelling the overnight clouds and exposing an azure sky. The missile was glistening white, interspaced with black, red and orange...