GAIL India Ltd will import about 5 million tonnes (MT) of LNG from the US next fiscal, replacing the volumes the state-owned utility buys from the spot market, a senior company official said. GAIL has contracted 5.8 MT per annum of liquefied natural gas (LNG) from the US, some of which it has swapped – […]
Month: December 2017
Need to bring losses below 15% for 24X7 power: R K Singh
Power and New & Renewable Energy Minister R K Singh today urged his states’ counterparts to bring electricity distribution losses below 15 per cent to ensure 24X7 power for all by 2019. Singh also asked them to roll out the Saubhagya scheme in their states to provide power connections to 4 crore families by December, […]
Oil prices stable as lower crude stocks counter soaring US output
Oil prices were stable on Thursday as a fall in U.S. crude inventories was countered by soaring output and a rise in fuel stocks. U.S. West Texas Intermediate (WTI) crude futures were at $55.92 a barrel at 0751 GMT, down 4 cents from their last settlement. Brent crude futures, the international benchmark for oil prices, […]
Indian oil refiners to use dirty fuel ‘pet coke’ for power generation
Indian oil refiners are drawing up plans to use petroleum coke for power generation and to produce syngas after the government banned use of the heavily polluting fuel in and around New Delhi. The country’s top refiner Indian Oil Corp (IOC) and other refiners have invested billions of dollars in recent years to install delayed […]
Oil prices dip on rising US fuel stocks; OPEC supply cuts support market
Oil prices dipped on Wednesday, as refined product inventories in the United States rose in what the market interpreted as a sign of lacklustre demand. Brent crude futures, the international benchmark for oil prices, were down 6 cents at $62.80 a barrel as of 0751 GMT. US West Texas Intermediate (WTI) crude futures were at […]
Anil Ambani’s RInfra wins contracts worth Rs 5,000 cr in Bangladesh
Anil Ambani-led Reliance Infrastructure Ltd today said it has bagged contracts worth Rs 5,000 crore in Bangladesh which includes setting up of the entire infrastructure for a 750 MW LNG-based combined cycle power plant. The company won the projects on international competitive bidding, Reliance Infrastructure (RInfra) said in a statement. “The first EPC contract includes […]
Yogi govt targets Rs 50,000 crore private investment in solar energy
Betting big on green energy space, the Yogi Adityanath government in Uttar Pradesh is targeting to attract investment of almost Rs 50,000 crore in the solar energy sector over the next five years till 2022. Besides, the government is targetting total solar energy generation of about 10,700 megawatt (mw) during the same period vis-à-vis tentative […]
Air Asia India adds one A320; to connect Hyderabad-Bhubaneshwar
Budget carrier AirAsia India today announced the induction of an additional Airbus A320 aircraft in its fleet besides launching a new route, connecting Telangana capital Hyderabad with Bhubaneshwar from early 2018. The airline also said it will enhance connectivity to Jaipur and Bhubaneswar from its Bengaluru hub. AirAsia India will now have three direct flights […]
Delay in highway projects could disqualify companies from future contracts
Companies delaying execution of highway projects may be disqualified from bidding in the next round of contracts as the government is mulling over a policy that would debar concessionaires from tenders of fresh road projects if the previous contracts of the same company have missed completion timelines. According to a proposal, the government is not […]
Madhya Pradesh takes away must-run status & exemptions to renewable energy
Giving a shocker to the renewable energy industry in Madhya Pradesh, the state regulator has taken away the must-run status of power generated from renewable energy sources. In the latest order issued by the Madhya Pradesh Electricity Regulatory Commission (MPERC), it was said: “the generation from co-generation and renewable sources of energy to be subject […]
60 pc of PMUY beneficiaries bought 4 LPG refills: Pradhan
As many as four LPG cylinders are bought by about 60 per cent of the 3.2 crore poor women who were given free cooking gas connection, Oil Minister Dharmendra Pradhan said today. Since launch on May 1, 2016, more than 3.2 crore LPG connections, each costing Rs 1,600, have been given to poor women under […]
Oil steadies above $62, expected fall in U.S. inventory supports
Oil steadied above $62 a barrel on Tuesday as expectations of a drop in U.S. crude inventories and prolonged supply curbs by OPEC and other producers countered rising output in the United States. An OPEC-led producer group last week extended a supply-cutting deal through 2018, but the resulting support for prices could bolster U.S. output […]