The Government is taking various measures, including focusing on biofuels, to ease the cost of crude oil import, Union minister Dharmendra Pradhan said today. He told the Lok Sabha that the government is focusing on biofuels such as first and second generation ethanol, biodiesel and bio-CNG as part of efforts for “import reduction, environmental benefits […]
Day: July 30, 2018
Oil prices edge higher but trade row caps gains
Oil rose on Monday as investors remained cautious over the supply outlook, although the fallout from global trade tensions limited price gains. October Brent crude futures were last up 36 cents at $75.12 a barrel by 0902 GMT. The September contract expires on Tuesday. U.S. crude futures were up 78 cents at $69.47 a barrel. […]
Government to launch second round of oil, gas field auction on Aug 9
The government plans to launch the auction of 60 oil and gas fields being offered in the second round of bidding for Discovered Small Field (DSF) on August 9, regulator DGH said. DSF-II was supposed to be launched around mid-June, but it was deferred. “Launch of Discovered Small Field (DSF) Bid Round-II on August 9, […]
More bad news for Air India, carrier gets default notices from banks, aircraft lessors
Three banks and two aircraft leasing firms have served default notices on Air India over the last few weeks, the Business Standard newspaper reported on Monday, raising concerns about the government-owned carrier’s state of finances and credit-worthiness. San Francisco, United States-based Wells Fargo Trust Services and UAE’s state-owned Dubai Aerospace Enterprise (DAE) have sent letters […]
Tata Power gets shareholders nod to raise Rs 5.5K Cr
Tata Power today said it has got shareholders’ approval to raise up to Rs 5,500 crore through issuance of non-convertible debentures on private placement basis. The company had sought shareholders’ approval at the annual general meeting held last week through a special resolution which was passed by the requisite majority, as per a BSE filing. […]
Adani Group Loan at Rs 126,354 cr
PricewaterhouseCoopers Pvt Ltd in a confidential report to State Bank of India has stated that the Adani group’s four verticals’ total “outside liability” as on March 31, 2017 stands at Rs 126,354 crore.
Make in India
As many as 29 companies participated in the pre-bid meeting held on June 22, 2018 for the forthcoming 10,000 MW manufacturing-linked solar auctions, to be conducted by Solar Energy Corporation of India (SECI).
One Day Energy Ministers Meet at Shimla
In water-scarce Shimla, where energy ministers from across India flew to discuss woes of the power sector, the host state pushed for immediate and long-term reforms in the hydro power sector. Along with other hydro rich states, Himachal Pradesh asked the government to give hydro power the same status, priority and focus as solar power.
Ease of Doing Business
In a move that might provide some relief to solar power plant developers, the government has relaxed time lines for land acquisition, financial closure and the commissioning period for solar projects. For forthcoming projects, land acquisition documents would now have to be submitted within 12 months from signing power purchase agreement (PPA), instead of seven […]
Stressed Power Assets
Parliamentary standing committee on energy in its report tabled before the Parliament in March 2018 identified 34 stressed power plants based on the inputs provided by the government sometimes in 2017. But, it appears there are many more plants which are stressed but not covered in this report.
China-Pakistan Economic Corridor
Pakistan’s growing dependence on China for development projects such as a $62 billion economic corridor under the Belt and Road Initiative could turn Islamabad into a “colony,” a European think tank has warned in a new report.
Coal India Ltd
Coal supply to the power sector by CIL increased 15 per cent to 122.8 million tonnes (MT) during Apr-Jun 2018 from Apr-Jun 2017.