Supply of coal by state-owned CIL to power plants dipped by nearly two per cent to 64.7 million tonnes (MT) in April-May period of the ongoing fiscal even as demand by the power sector showed an upturn. According to recent government data, Coal India (CIL) dispatched 65.8 MT fuel to the power sector in the […]
Day: June 23, 2017
Clean energy to generator 300K new jobs by 2022: Study
More than 300,000 new workers can be employed in wind and solar jobs and more than 1 million total employment opportunities can be created in achieving India’s ambitious clean energy goals to install 160 gigawatts (GW) of renewable power by 2022, according to a study of the Council on Energy, Environment and Water (CEEW) and […]
Lenders approve Rs 86,000-crore Essar Oil-Rosneft deal
The Joint Lenders Forum, led by State Bank of India (SBI) and ICICI Bank, have approved Rs 86,000 crore stake sale of Essar Oil to Rosneft and Trafigura-UCP consortium in a meeting held on Friday. The transaction would be the largest Foreign Direct Investment (FDI) in India. Twenty-three banks, led by SBI and ICICI, have […]