Bengaluru’s technology and manufacturing hubs as well as shopping malls are unlikely to face any power shortage in summer months with the Energy department taking steps to conserve hydel and coal resources right away. The electricity
Day: February 2, 2019
BHEL wins Rs 350 crore order for railway line electrification
New Delhi: Bharat Heavy Electricals Ltd has won Rs 300 crore order for electrification of 440 track kilometers
LPG subsidy zooms 63% to ₹32,989 cr for 2019-20
The Centre has earmarked ₹32,989 crore as cooking gas subsidy for the financial year 2019-2020. Of this, ₹29,500 crore is for disbursal under the Direct Benefit Transfer for liquefied petroleum gas (LPG) subsidy. Another ₹2,724 crore has been provisioned for LPG connections to poor households, and ₹674 crore is for an additional subsidy payable for […]
Power public sector undertaking investments to dip 21.87 per cent to Rs 44,000 crore in FY20
NEW DELHI: The government has reduced the total investment by seven state-run power firms, including NTPC and PowerGrid, by 21.87 per cent to Rs 44,332.81 crore for 2019-20,
Government sets up committee to explore prepaid payments by discoms to generator companies
NEW DELHI: The government has constituted a committee under the Central Electricity Authority (CEA) to explore prepaid payments by state electricity distribution companies to power plants, a government official said. The government is also simultaneously looking at a recommendation made by Cabinet Secretary P K Sinha led panel to put in place a bill discounting
Budget emphasises on renewables, EVs for India’s energy security
NEW DELHI: The interim budget announced Friday has pegged renewable energy and electric vehicles as the key drivers behind reducing India’s import dependence as the government drives towards attaining energy security.
Air India SPV to get ₹2,600 crore after divestment fails
The interim Budget 2019-20 has allocated ₹2,600 crore to service Air india’s debt of about ₹30,000 crore which is to be parked in a Special Purpose Vehicle (SPV) created in October last year.
Rural roads, inland waterways get extra push in interim Budget 2019
The infrastructure, both social and physical, was named as the first dimension of Vision 2030 presented by Finance Minister Piyush Goyal while announcing the interim Union Budget 2019 on Friday.
Oil prices rise over 3% on strong US jobs data, Venezuela sanctions
Oil prices rose about 3 per cent on Friday, rising on upbeat US jobs data and signs that US sanctions on Venezuelan exports have helped tighten supply, then extending gains after weekly data showed US drillers cut the number of oil rigs.
Interim Budget 2019: Petroleum subsidy raised by 51% to Rs 37,478 crore
In Interim Budget 2019, Finance Minister Piyush Goyal has projected the government’s outgo on petroleum subsidies during the financial year to be Rs 37,478 crore, compared with the Rs 24,932.80 crore estimated in last Union Budget. The estimates for 2018-19 were marginally lowered in the revised estimates for the year to Rs 24,833.18 crore. when […]
Qatar, Exxon to proceed with $10 billion Texas LNG project: Report
Qatar Petroleum and Exxon Mobil Corp are expected to announce plans next week to proceed with a $10 billion project that will expand a liquefied natural gas (LNG) export facility in Texas, three people familiar with the transaction said.
India ramps up spending on coal exploration as it slashes funds for mine safety
The Indian government will increase spending on exploration of coal and lignite by 20% in the coming financial year but will slash funding for coal mine safety and conservation, according to the budget document released on Friday.