NEW DELHI: Emphasising the need to generate more electricity from clean energy sources, the government today announced a massive renewable power production target of 1,75,000 mw in the next seven years. Of the total 1,75,000 mw proposed to be tapped by 2022, solar power will have a lion’s share of 1,00,000 mw followed by 60,000 […]
Month: February 2015
Air India to get Rs 2,500 crore of fresh equity
New Delhi: Finance Minister Arun Jaitley Saturday proposed infusion of an additional equity of Rs.2,500 crore in the cash-strapped national passenger carrier Air India for 2015-16 fiscal. According to the expenditure budget document, a budgetary support of Rs.2,500 crore has been earmarked for equity infusion in Air India. “The provision under (investment in public sector […]
China to raise retail price of gasoline and diesel
BEIJING: China will raise retail prices for gasoline by 390 yuan ($62) per tonne and for diesel by 375 yuan ($60) per tonne from Saturday as oil prices moved off lows plumbed last month, the country’s powerful economic planning agency said on Friday. The hike is the second consecutive price increase by the National Development […]
Economic Survey 2015: Solar Mission being scaled up five-fold to 100,000 megawatts
NEW DELHI: The country’s National solar Mission is being scaled up five-fold to 1,00,000 megawatts by 2022, says the Economic Survey for 2014-2015. “In the next five years proposals are likely to generate business opportunities of the order of $160 billion in the renewable energy sector,” the survey says. “It offers very good opportunity for […]
Renewable energy sector to create Rs 10 lakh crore business in 5 years: Economic Survey
NEW DELHI: India’s renewable energy sector will generate business opportunities of a whopping Rs 10 lakh crore in the next five years, says the Economic Survey 2014-15. India’s total renewable power installed capacity as on December 31, 2014 has reached 33,800 MW, wind energy continues to dominate this share accounting for 66 per cent of […]
Essar Energy defends bidding price for coal block in Jharkhand
MUMBAI: Essar Energy’s bidding price for the Tokisud coal block in Jharkhand was part of a Rs 7,600-crore investment in the power to protect its sector, according to a top company executive. The Essar group company’s Rs 1,110-per-tonne bid, the highest by a power company, helped it win the coal block in the recent government […]
Electricity transmission lines yet to be upgraded in Delhi
NEW DELHI: Last year Union finance minister Arun Jaitey had allocated Rs 200 crore for upgrading Delhi’s dilapidated electricity transmission network. This was the result of multiple trippings the previous month which had led to severe outages in Delhi in June. Eight months after the allocation was made, the city is yet to get the […]
Additional levy
The government has worked out penalty of Rs 9,602.46 crore at the rate of Rs 295 per tonne for coal extracted upto October 2014 and Rs 891.90 crore for the period November 2014 to March 2015, for 39 operating coal blocks cancelled by the Supreme Court. Thus, government can expect to get Rs 10,494 crore […]
Fly Ash Generation
Coal based power plant not only generates electricity but also generates leaps of fly ash. In 2013-14, about 173 million tonnes of ash was produced and only 57.63 per cent of this could be used in construction and land filling activities. It is estimated that a whopping 260 million tonnes of fly ash will be […]
UMPP
In less than two years of the commissioning of an ultra mega power project (UMPP) at Mundra in Gujarat of 4,000 MW capacity, Tata Power has sought the No Objection Certificate (NoC) from the power ministry for its expansion by two units of 800 MW each. It has said that it does not need any […]
Creating 40,000 Entrepreneurs
No business can be as assuring as this. Solar costs you Rs 6 crore to Rs 7 crore per MW that includes the cost of the land (5 acres per MW). The central government is giving you almost 10 per cent as equity, and if the state government also gives a similar kind of grant […]
Coal mining expn
More production generally is seen as a boon, but mining beyond a permissible limit could land you in jail. Mahanadi Coalfields Ltd (MCL), government owned company, has filed as many as 10 criminal complaints against its own officers including the CMD of the company, for producing more than what was permitted Because of such a […]