People in Germany’s small towns and rural areas are turning to renewable energy in a process that has special lessons for countries like India. Learning how Germany’s citizen-owned, highly-decentralised energy transition, named Energiewende, is working to decarbonise the economy, could be most useful for India, the third-biggest solar installer after China and the US, and […]
Day: May 7, 2018
Oil surges to fresh highs on growing supply worries
Oil prices rose to their highest levels since late-2014 on Monday, boosted by Venezuela’s deepening economic crisis and a looming decision on whether the United States will re-impose sanctions on Iran. Brent crude oil futures were at $75.63 per barrel at 0909 GMT, up 76 cents from their last close. Earlier in the session, they […]
ONGC clocks 6.3% rise in gas production
State-owned ONGC registered 6.3 per cent increase in natural gas production in 2017-18 and is on track to double the output by 2022, a top company official said. It produced 23.484 billion cubic meters of gas in 2017-18 as against 22.088 bcm in 2016-17, he said. This is the highest gas output by Oil and […]
RInfra- Astaldi SpA JV wins Rs 70 bn EPC order for Versova-Bandra sea link
Anil Ambani-promoted Reliance Infrastructure on Monday said it has won the engineering, procurement and construction (EPC) contract for the Versova-Bandra Sea Link Project in a joint venture with Astaldi SpA (Italy) for a value of Rs 70 billion. “Reliance Infrastructure Limited-Astaldi SpA JV had emerged the most competitive bidder with their bid of Rs 69.93 […]
Tata Power output at 53,556 MUs in FY’18
Tata Power today said it produced 53,556 million units of electricity in financial year 2017-18, registering an increase of 1.9 per cent. The company generated 52,512 million units of power in 2016-17 from all its units, ranging from thermal to solar, Tata Power said in a statement. During the March quarter, Tata Power’s generation stood […]