Oil regulator PNGRB Monday declared the final list of winners of city gas retailing licences that had billionaire Gautam Adani’s group, state-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Torrent Gas as the big winner. Adani Gas won rights to retail CNG to automobiles and piped cooking gas to households and industries […]
Day: September 17, 2018
How IL&FS’ rapid growth in India is leading to an infrastructure debt crisis
It was as a newspaper-office intern in New Delhi in 1992 that I witnessed the birth of India’s homegrown belt-and-road initiative. The program was midwifed by an up-and-coming lender that few had then heard of: Infrastructure Leasing & Financial Services Ltd. It wasn’t called belt-and-road, a term that would gain currency much later as a […]
China to speed up efforts to cut solar, wind subsidies: draft guidelines
China will speed up efforts to ensure its wind and solar power sectors can compete without subsidies and achieve “grid price parity” with traditional energy sources like coal, according to new draft guidelines issued by the energy regulator. As it tries to ease its dependence on polluting fossil fuels, China has encouraged renewable manufacturers and […]
States ready to pay to meet peak demand, but where are the power sellers?
Demand-supply mismatch has been the nature of Indian power sector with seasonality playing a huge role. In current times, the situation is more precarious with demand registering a healthy, if not laudable growth, while supply options are shrinking. The current installed power generation capacity in the country is 300,000 Mw. There are 40,000 mega watts […]