OPEC is seeking “very long-term” cooperation with other oil exporters, the secretary general of the oil exporting group said on Wednesday. Mohammad Barkindo was commenting on news that top OPEC producer Saudi Arabia and non-OPEC Russia were working on a long-term pact that could extend controls over world crude supplies by major exporters for up […]
Day: March 28, 2018
India must strengthen grid infra to boost renewable energy: IRENA
India must strengthen grid infrastructure to support its “strong push” towards renewable energy especially solar, said the head of the International Renewable Energy Agency (IRENA). “The main constrain in India right now is the grid,” said IRENA Director-General Adnan Z Amin. “There is a huge upsurge in investment,” he said of the renewable projects being […]
Thermal power projects with 65,861 Mw total capacity face 13% cost overrun
Thermal power projects under various stages of construction across the country are facing cost escalation of 13 per cent due to delays in implementation. Total capacity of these projects is pegged at 65,861.15 Mw. Original cost of these projects was estimated at Rs 4.46 trillion but due to time overruns, the cost has shot up […]
LNG shipment from Texas reaching India next month: Pradhan
The first liquefied natural gas (LNG) shipment from the US state of Texas will reach India within a week to provide a thrust to the country’s move towards a gas economy, Petroleum Minister Dharmendra Pradhan said on Wednesday. Briefing reporters following a meeting here with Texas Governor Greg Abbott, who is in India on an […]