State-run Power Finance Corp (PFC) has committed financial assistance of Rs 4,009 crore to Telangana for setting up a 4,000 MW thermal power plant in Nalgonda district. PFC has sanctioned a term loan of Rs 4,009 crore to TSGENCO (Telangana Power Generation Corporation Ltd) for setting up 5X800 MW, coal based Yadadri Thermal Power Plant […]
Month: September 2017
Energy from evaporation could power 70% of US’ electricity demands: Study
Evaporation from the lakes and reservoirs in the US could generate nearly 70 per cent of the power that the country currently produces, a study has found. Though still limited to experiments in the lab, evaporation-harvested power could be made on demand, day or night, overcoming the intermittency problems plaguing solar and wind energy. “We […]
Govt eyes private players for small airports due to infra bottleneck
An executive of a leading soft drink giant was visibly upset with Lucknow airport. “There is hardly any place to sit, washrooms are dirty, it’s not a happy experience,” he said. Long queues at check-in counters of Indian airports is a common sight now. Air traffic from non-metro cities in India has multiplied exponentially over […]
Scheme to promote waste-to-energy projects on the cards
Taking a dim view of the recent collapse of the Ghazipur landfill, Power Minister R K Singh today promised that a scheme will be worked out to encourage waste-to-energy projects in all cities and towns across India. “We need many such (waste to energy) plants for many more metropolitan cities, towns and cities. As citizens, […]
Power transmission picks up pace with Jharkhand coming up with tender
In a major boost to public-private partnership in the power transmission sector, the Jharkhand government has announced projects worth Rs 5,180 crore, making it one of largest outlays ever for strengthening of the intra-state transmission system. The projects would be awarded through tariff-based competitive (TBC) bidding. At the central government level, 20,000 circuit kilometres of […]
Tamil Nadu to procure 1500 MW of solar power at Rs 3.47 per unit
Tamil Nadu Government has decided to procure 1500 MW of solar power from 16 companies that have invested around Rs 9,000 crore in the State. The price fixed is Rs 3.47 per unit, which is far below the price prevailed in February this year. According to industry sources, the tariff of Rs 3.47 is well […]
Narendra Modi’s 16,000 cr Saubhagya scheme for households: 10 highlights
Reiterating his commitment to deliver on the poll promise of electricity for all, Prime Minister Narendra Modi, on Monday unveiled a flagship programme called “Saubhagya — Pradhan Mantri Sahaj Bijli Har Ghar Yojana” to provide power to all households in the country by December 2018. The announcement, made at the headquarters of Oil and Natural […]
Shashi Shanker appointed ONGC Chairman
Shashi Shanker has been appointed Chairman and Managing Director of India’s biggest oil and gas producer, ONGC, till March 2021. The Appointments Committee of the Cabinet (ACC) named Shanker, who is currently Director (Technical and Field Services) at ONGC, as CMD till his superannuation, as against an initial one-year term proposed by the Oil Ministry. […]
Air India may be getting Rs 6,000 crore loan before it’s sold
Saddled with a debt of almost Rs 50,000 crore, Air India is likely to get another loan of up to Rs 6,000 crore to meet expenses before it is sold off. The national carrier was due to get Rs 2,500 crore this fiscal, according to the equity infusion plan and is facing a shortfall of […]
RIL world’s 3rd largest energy firm; IOC makes it to top 10: Platts
Reliance Industries Ltd has jumped five places to rank as the world’s third-biggest energy company behind Russian gas firm Gazrpom and German utility E.ON, according to Platts Top 250 Global Energy Company Rankings. State-owned Indian Oil Corp (IOC) broke into the top 10 club, climbing to 7th position in the 2017 ranking, up from 14th […]
ONGC to acquire HPCL in bulk or block deal in November-December
State-owned Oil and Natural Gas Corporation (ONGC) will acquire the government’s 51.11 per cent stake in HPCL through a bulk or block deal some time in November or December at the prevailing market price. While the government is keen that the deal, which would fetch it over Rs 33,000 crore at the current market price, […]
Petrol, diesel prices have gone down in two days, says Dharmendra Pradhan
Following the hike in petrol prices and the various protests staged all over the country against it, Union Petroleum Minister Dharmendra Pradhan, on Saturday, said that the prices of the fuel have already started going down. Speaking to the media, Pradhan said, “The prices have started decreasing. The prices have even gone down in the […]