New Delhi : State-owned Bharat Heavy Electricals (BHEL) today said that it has commissioned the first 500 MW unit at the Chandrapur Super Themal Power Project in Maharashtra. “BHEL has successfully commissioned the first 500 MW unit at the 2×500 MW Chandrapur Super Thermal Power Project, Stage 3 of Maharashtra State Power Generation Company in […]
Month: April 2015
Vedanta reports $3 bn goodwill impairment charges related to oil, gas biz, biggest in India’s corporate history
KOLKATA/MUMBAI: Vedanta Ltd, formerly Sesa Sterlite, booked about $3 billion as goodwill impairment charges related to its oil and gas business, possibly the biggest such write-down in the country’s corporate history. The company reported exceptional items of Rs 19,956 crore for the quarter ended March 31, 2015, Vedanta said in its earnings statement on Wednesday. […]
TAPI gas pipeline construction to take 5 years: Afghan President Ashraf Ghani
NEW DELHI: The construction of the $10-billion TAPI gas pipeline project will be completed in the next five years, Afghanistan President Ashraf Ghani said today. Ghani also invited the Indian industry to invest in production of fertilisers and chemicals by tapping the natural gas from Afghanistan and Turkmenistan. The ambitious Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline was […]
ONGC sells cargo at lower price in choppy market
SINGAPORE: Oil & Natural Gas Corp Ltd (ONGC) sold 34,500 tonnes of naphtha for May 18-19 loading from Hazira to Unipec at premiums of close to $21 a tonne to Middle East quotes on a free-on-board (FOB) basis, traders said on Wednesday. This could not be directly confirmed as sellers and buyers usually do not […]
Mine fire: non-BCCL employees refuse to shift to new colony
DHANBAD: The raging underground fire in the Jharia coal mines here has put lives of thousands of families living in the surrounding areas at risk, prompting the BCCL to construct a new colony to relocate them. However, the non-BCCL employee residents of the belt refused to shift to the new colony offered by the Bharat […]
Hurdles in power projects cleared: Government
MUMBAI: The government on Monday said that most issues which were delaying coal-based power projects totalling about 65,000 MW and gas-based projects with a capacity of 24,000 MW have been resolved. The government also said that fresh coal block auctions will be held for projects with a combined capacity of 18-19,000 MW where fuel supply […]
Government mulls to upgrade existing power plants to Ultra Mega Power Projects: Piyush Goyal
NEW DELHI: The government is looking at the option of upgrading existing power plants into larger capacity Ultra Mega Power Projects (UMPPs) using clean technology and to offer them in plug and play mode, Power Minister Piyush Goyal said today. The minister’s comment come a day after Anil Ambani-led Reliance Power terminated the contract for […]
CCEA nod to policy on development of 12 RIL, ONGC gas finds
NEW DELHI: The Cabinet Committee on Economic Affairs (CCEA) today approved a policy to allow development of a dozen contentious natural gas discoveries of Reliance Industries and ONGC worth Rs one lakh crore at current prices. The policy, which gives companies options to either develop the finds at their own risk or perform DGH-prescribed conformity […]
As Reliance Power walks out of Tilaiya project, NTPC ready to walk in
NEW DELHI: With Reliance Power walking out of the Rs 36,000 crore Tilaiya ultra mega power project (UMPP) in Jharkhand, NTPC today said it is “more than willing to come on board”. Anil Ambani-led RPower yesterday walked out of the project citing inordinate delays in land acquisition. “In Jharkhand, there is a new government and […]
Editorial – May 15, 2015
Advances in the use of nuclear power for civilian purposes like electricity generation and medical isotopes are widely acknowledged as a cornerstone of scientific development. Prime Minister Narendra Modi is in mission mode for achieving super star status in terms of scientific accomplishments for the country. And therefore, science, engineering, civil nuclear agreements are the […]
The Nuclear Push
N-Power has been put in top gear. The Nuclear Power play is the major theme, content and roadmap of the Prime Minister Narendra Modi’s foreign policy and meetings with Heads of Government. And therefore one after the other we have seen major civil nuclear cooperation agreements being signed, with Australia, Canada, France & Russia. These […]
Air India High Profile Bribery
On May 23, 2014, the Ontario (Canada) Superior Court of Justice sentenced Nazir Karigar of Cryptometrics for allegedly offering bribe to Praful Patel, the then aviation minister, V Thulasidas, the then CMD of Air India, and other Indian public servants, to three years in prison. Before that on August 15, 2013, the same court had […]