Prime Minister Narendra Modi today pushed for an “Asia-Africa growth corridor” supported by Japan and India — a pitch coming days after China’s ambitious OBOR (One Belt, One Road) initiative taking off. Declaring the 52nd Annual General Meeting of the African Development Bank group open, which is being held for the first time in the […]
Day: May 23, 2017
India seeks alternatives to OPEC, shifts towards North American oil boom
OPEC production cuts and the prospect of more expensive oil are pushing India to consider US and Canadian suppliers, as well as encouraging it to turn to renewable energy, the country’s petroleum and natural gas minister said on Monday. Dharmendra Pradhan made the comments in Vienna ahead of OPEC’s meeting this Thursday when members will […]
NHAI: Won’t invite bids till land is acquired for construction of roads and flyovers
The National Highways Authority of India (NHAI) will not invite any bids for road projects until it has completed the process of land acquisition and shifting of utilities, and obtained in-principle forest clearance. Similarly, the authority will not commence work on structures, such as flyovers, bridges and rail over bridges, until it has 100% of […]
Bhel commissions 3rd unit of 1,980 MW Prayagraj plant in UP
State-run power equipment maker BHEL today said it has commissioned the third unit of the 1,980 MW Prayagraj super thermal power project in Uttar Pradesh. With the commissioning of the third unit, Bhel has successfully executed the 1,980 MW coal-based supercritical thermal power project in Uttar Pradesh, the company said in a regulatory filing. “Located […]
US plan to sell oil reserves undermines OPEC supply management efforts
US President Donald Trump’s proposal to sell half of the United States’ strategic oil reserve surprised energy markets on Tuesday since it counters OPEC’s efforts to control supply in order to boost prices. The White House requested in its budget released late on Monday gradually selling off the nation’s Strategic Petroleum Reserve (SPR) starting in […]