The US has given a grant to an Indian company to carry out a feasibility study in developing resources of coalbed methane, a clean-burning natural gas, in India. Coalbed methane (CBM) is a form of natural gas extracted from coal beds. In recent years it has become an important source of energy in United States, […]
Day: September 13, 2017
Global oil surplus is shrinking due to stronger-than-expected demand: IEA
The global oil surplus is beginning to shrink due to stronger-than-expected European and U.S. demand growth, as well as production declines in OPEC and non-OPEC countries, the International Energy Agency said on Wednesday. The agency, which coordinates the energy policies of industrial nations, raised its 2017 global oil demand growth estimate to 1.6 million barrels […]
‘Need to tap potential on Indo-US synergy on renewable power’
Renewable hybrid projects are key to ensuring uninterrupted power supply and there is a need to explore full potential on this front, said US-India Strategic Partnership Forum (USISPF) Secretary Nolty Theriot. The USISPF is a Washington headquartered not-for- profit body focused on deepening business ties between the US and India. “Renewable hybrid projects have emerged […]
NLC to scrap 4,000 MW Tamil Nadu coal project, bags new blocks in Odisha
In the wake of cheaper and environmental-friendly coal blocks allotment in Odisha, Neyveli Lignite Corporation India (NLC) has decided to scrap its 4,000 megawatts (MW) coal-based thermal power plant at Sirkali, Tamil Nadu. The Navaratna company, which comes under the coal ministry, had earlier received administrative sanction to acquire 1,190.59 hectares of land issued by […]
GE Power bags SP Group contract for power plant in Bangladesh
GE on Wednesday said it has bagged a contract from the Shapoorji Pallonji Group (SP Group) to supply power generation equipment for the upcoming 220 mw power plant in the Bhola district of Bangladesh. This will be GE’s second power plant in Bhola of the same capacity with the first being commissioned in 2015. “The […]
Cabinet approves development of six laning of Narasannapeta-Ranastalam section of NH16 in AP
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for development of six laning of Narasannapeta-Ranastalam section of National Highway (NH) – 16 (old NH-5) in Andhra Pradesh. The cost is estimated to be Rs.1423 crore including cost of land acquisition, resettlement and rehabilitation and other […]
Power prices shoot up to seven-year high of Rs 9.91 in spot market
Power supply prices in the spot power market shot up on Tuesday to a seven-year high at Rs 9.91 per unit. The average price prevailing currently is Rs 5.13 per unit, which is higher than the contracted price for both coal and renewable through long-term agreements across states. The spot market has been witnessing such […]
Bangladesh set to sign 15-year LNG import deal with Qatar
Bangladesh will sign a 15-year deal with Qatar’s RasGas Co to import liquefied natural gas (LNG) starting in 2018 as the South Asian country turns to the supercooled fuel to fill a domestic supply gap for power generation, two officials told Reuters. The deal will be signed on Sept. 25 in Qatar, said Mohammad Quamruzzaman, […]
USTDA signs MoU with AAI to develop Kolkata, Lucknow airports
The US Trade and Development Agency has signed a memorandum of understanding with the Airports Authority of India to support a 20-year master plan aimed at expansion of operational capacities of the Kolkata and Lucknow international airports, an official said today. Airports Authority of India (AAI) selected Cincinnati- based Landrum & Brown (L&B) company to […]