The government plans to launch a natural gastrading hub by October, creating an Indian gas benchmark which will spark a surge in consumption of the cleaner-burning fuel. Oil regulator PNGRB has sought bids to hire a consultant to help develop a regulatory framework for operationalising the gas trading/exchange hub. “In order to further boost the […]
Day: April 16, 2018
Oil markets tense on western strikes on Syria, rising US drilling
Oil prices fell on Monday as markets opened the week cautiously following western air strikes in Syria over the weekend, and as American drilling for new production continued to rise. The United States, France and Britain launched 105 missiles on Saturday, targeting what they said were three chemical weapons facilities in Syria in retaliation for […]
ReNew Power slapped with Rs 110-million fine for delay in MP solar project
The Supreme Court has slapped a penalty of Rs 110 million on Gurgaon-headquartered renewable energy company ReNew Power for delaying the commissioning of a 51-Mw solar power project in Madhya Pradesh by more than 210 days. The court, however, set aside the cancellation of the power purchase agreement (PPA) which the MP government had initiated. […]
Road sector revival: Projects being awarded at lower than reserve price
A slew of measures taken by the Union government have bolstered growth in the road sector, with nearly 80 per cent of the Engineering Procurement Construction (EPC) projects tendered last year being bagged by infrastructure developers quoting lower than the reserve price. These projects are expected to be completed within their timelines as the necessary […]
Suzlon commissions 626 MW wind power projects in FY18
Renewable solutions provider Suzlon said today that it has commissioned 626 MW of wind power projects in 2017-18 (FY18), the highest installations by any player during this fiscal. With this, Suzlon has gained a market share of 35 per cent despite an extremely challenging year for the sector and several hurdles due to the transition […]