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).
Month: July 2018
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.
Ease of Doing Business
In a bid to make it easier for explorers to find and produce more oil and gas, the government has allowed companies to go beyond their allocated block boundaries if a discovery were to extend outside their contracted area.
Editorial- August 2018
PwC has presented a debt report on the Adani group to the State Bank of India. The report, all of 111 pages is as alarming as its volume. The Adani group’s total outside liability as on March 31, 2017 stands at a mindboggling Rs 126,354 crore. Outside liability means short-term, long-term borrowings and debt to […]
Oil prices fall with stock market; Brent marks weekly gain
Oil prices fell on Friday, weighed down by a drop in the U.S. equities market, but Brent still marked a weekly increase, supported by easing trade tensions and a temporary shutdown by Saudi Arabia of a key crude oil shipping lane. Brent crude futures fell 25 cents to settle at $74.29 a barrel, but notched […]
Indian Oil shuts 40,000-bpd crude unit at Haldia plant after fire incident
Indian Oil Corp, the country’s top refiner, has shut a 40,000-barrel-per-day (bpd) crude unit at its 150,000-bpd Haldia refinery on the east coast after a minor fire, a company source said on Friday. The crude unit has been isolated and is expected to resume operation from Saturday, the source said, adding that the remaining units […]
Petronet submits proposal to set up $1 billion LNG terminal in Bangladesh
Petronet LNG Ltd, India’s biggest liquefied natural gas importer, has submitted a firm proposal to set up an LNG import facility in Bangladesh at an investment of about USD 1 billion, its Managing Director & CEO Prabhat Singh said. Petronet had last year signed a MoU with Petrobangla to set up a 7.5 million tonnes […]
Private power producers allege CIL selling more coal through e-auctions
Private power producers have alleged that Coal India is selling increased quantities of coal through e-auctions and have sought to stop e-auction sales till the company’s supply obligations to the power sector to generate low cost power are met. Ashok Khurana, director general of Association of Power Producers alleged that generators with supply contracts are […]