The Delhi government’s proposal to penalise power distribution companies for unscheduled power cuts has been approved by the Lt Governor, Delhi. This is the second attempt by the AAP-ruled Delhi government to get penalty approved. However, the idea is as twisted as its implementation would be.
India’s oil imports from Iran during the 2017/18 fiscal year fell by 15.7 per cent from a year ago as state refiners reduced purchases after a row over development rights for an Iranian natural gas field, according to data from shipping and industry sources.
Senior bureaucrat Suresh Kumar is likely to be the new acting chairman and managing director of the world’s largest coal miner CIL.
Senior Congress leader P Chidambaram on Friday slammed the Modi government over the high petrol prices, saying it has become clueless and floundering and is living off an “oil bonanza.” In a series of tweets, the former Finance Minister said the BJP boasts that it is ruling 22 states but why does the NDA government…
NTPC Limited, the country’s largest coal-based power generator, will back down thermal power at some of its units to blend with renewable energy and sell it together. The company has placed a tender to procure 2,000 megawatts (Mw) of solar and wind power which will be bundled with the non-pithead units.
BP and Reliance sanction second phase of integrated KG D6 development
Reliance Power on Thursday posted a 16 per cent rise in its net profit for the fourth quarter ending March at Rs 250 crore on account of higher electricity generation.
Oil surged today close to 3.5-year peaks on simmering Mideast tensions and keen US demand, while London stocks rose with drugmaker Shire boosted by a reported takeover move.
Fuel smuggling is costing Libya more than USD 750 million each year and harming its economy and society, the head of the National Oil Company in the conflict-riddled country said.
Siemens Gamesa Renewable Energy today said it has bagged multiple wind power orders totalling 140 MW from a leading independent power producer and many industrial customers in the country.