Capacity utilisation of thermal power plants remained subdued in April-December period this fiscal at 59.7 per cent even as the electricity demand grew at 5.8 per cent, rating agency Icra said. The domestic electricity demand has grown by 5.8 per cent during April-December 2017-18 period mainly led by a significant pick-up in electricity demand in […]
Day: January 11, 2018
UAE energy minister says OPEC committed to supply cut pact for full year
The United Arab Emirates (UAE) Energy Minister said on Thursday he expects the oil market to balance in 2018 and that the Organization of the Petroleum Exporting Countries (OPEC) was committed to continue with its supply cut pact until the end of this year. “OPEC is committed to what they have decided when we met […]
What FDI change means for Air India’s airline arm
At 86, the Maharaja is a hot bachelor for suitors from across the globe with an Indian connection, thanks to the government’s move to allow foreign airlines to be part owners of soon to be privatised Air India. The Tata-Singapore Airlines (SIA) JV Vistara and Jet Airways, in which Abu Dhabi-based Etihad has 24% stake, […]
Regulatory Board to begin process to auction gas distribution licenses: Dharmendra Pradhan
Petroleum and Natural Gas Regulatory Board (PNGRB) will begin the process to auction gas distribution licenses for hundred cities this month, Oil Minister Dharmendra Pradhan has said. The government has been encouraging the consumption of natural gas, aiming to raise the share of gas in country’s energy mix from the current 6.5% to 15% in […]
India’s 2017 oil demand growth posts lowest gain since 2013
Indian oil consumption in 2017 grew at its slowest in four years, according to government statistics, hit by the government’s demonetisation move and a tax increase that knocked the gain in fuel use back to a modest 2.3 percent. The low growth also coincided with another year of weak, albeit improving, new vehicle sales. Last […]
Govt to extend Urja Ganga gas pipeline project to North Eastern states
Prime Minister Narendra Modi’s ambitious Rs 129.4 billion Urja Ganga gas pipeline project is now being extended to North East adding another 750-km up to Guwahati and later to all the state capitals of the region. Connecting to Guwahati itself may see around Rs 37-40 billion investment. Petroleum Minister Dharmendra Pradhan on Thursday said that […]
Coal India works out pricing policy based on energy content
Coal India has decided to replace its pricing policy from rupees per tonne to paise per unit of energy for different grades of coal sold from April 1, 2018. The grading system, based on total energy content per kilogram, remains but the price of each consignment will be determined by a rate fixed for each […]