India’s top gas importer Petronet LNG has been in talks with several companies including U.S.-based NextDecade LNG on deals for liquefied natural gas (LNG), said Vinod Kumar Mishra, Petronet’s head of finance, on Thursday. Mishra said Petronet is in the process of appointing a consultant to help guide the company to sign deals to buy […]
Day: December 5, 2019
Government undertakes measures to check cyber attacks on national power grid
The Union Minister of Power R.K. Singh recently informed Parliament that the government had taken multiple steps to curb cyber threats on the national power grid. During the Question Hour in the Rajya Sabha, Singh informed that for securing the transmission assets of the power grid, the communication from the substations to the control centers […]
Dharmendra Pradhan hopes coming Budget will signal inclusion of ATF, natural gas in GST
Oil Minister Dharmendra Pradhan on Thursday hoped that Finance Minister Nirmala Sitharaman will signal the inclusion of jet fuel and natural gas under the ambit of GST to reduce multiplicity of taxes and improve the business climate. When the Goods and Services Tax (GST) was introduced on July 1, 2017 amalgamating 17 central and state […]
Natural gas consumption to rise 3-folds in 10 yrs for 15% target: Pradhan
India’s natural gas consumption will have to rise more than three-folds in next 10 years for the environment friendly fuel’s share to increase to 15 per cent in the country’s energy basket, Oil Minister Dharmendra Pradhan said on Thursday adding that a massive USD 60 billion is being spent to expand gas infrastructure to meet […]
Wind woes increase in India, world’s cheapest market, as delays pile up threatening nation’s renewable-energy ambitions
More and more wind farms face delays in India as developers struggle to make their projects work in the world’s cheapest market. About 2 gigawatts of wind power generation auctioned by the federal government since February 2017 is running behind schedule, according to Bloomberg NEF. That number has more than quadrupled since February, threatening to […]
SECI announces two tenders: 1.2 GW of Solar and 1.2 GW of Wind-Solar Hybrid Projects
The Solar Electricity Corporation of India (SECI) has announced two tenders for 1,200 MW of solar and 1,200 MW of wind-solar hybrid projects connected to the interstate transmission system (ISTS). The projects under both the tenders will be developed on a build-own-operate (BOO) basis, and SECI will enter into a power purchase agreement for a […]
Singapore’s Sembcorp to buyout balance stake in India JV for Rs 406 crore from Gayatri Projects
Singapore-headquartered Sembcorp Industries is in pact to buyout its Indian partner, Gayatri Projects’ 5.95% stake in Sembcorp Energy India (SEIL) for Rs 406 crore, the two companies said on Wednesday. On completion of this transaction, Sembcorp Energy India will become a wholly owned subsidiary of the parent. “The proposed acquisition will allow Sembcorp to have […]
NTPC floats tender for purchase of power from 100 MW of Solar Projects
The National Thermal Power Corporation (NTPC) has invited bids from eligible bidders for the purchase of power from existing solar power projects of a cumulative capacity up to 100 MW for a period of two months. The last date for the submission of bids is December 26, 2019, and the financial bid opening has been […]
Nitin Gadkari rues hurdles being faced in road projects across country
Union Minister Nitin Gadkari expressed regret in the Lok Sabha on Thursday over hurdles like land acquisition and environment clearance faced by various road projects, saying the country must have a positive approach towards development. Gadkari also asked all MPs to remain aware about road projects in their respective constituencies and help in resolving problems […]
A320 Neo Pratt engine issues likely to have an impact on future capacity: IndiGo
NEW DELHI: Pratt & Whitney (PW) engine issues and the regulatory requirement to have only modified — and hopefully less snag-rone — PW engines on all its Airbus A320/21 Neos by January 31, 2020, is “likely to have an impact on future capacity.” India’s largest airline, which reported a Rs 1,000 crore plus loss in […]
Oil marketing firms’ bid to encourage alternative fuels
Public sector oil marketing companies organised a roadshow here to create awareness about Sustainable Alternative Towards Affordable Transportation (SATAT) and bio diesel (from used cooking oil). Compressed bioGas Dharmendra Pradhan, Minister of Petroleum and Natural Gas and Minister of Steel, had launched an initiative last year to introduce Compressed BioGas (CBG) in this segment. Under […]
BPCL begins doorstep delivery of diesel in Noida
Bharat Petroleum Corporation Ltd (BPCL) has started doorstep delivery of diesel for industrial and bulk customers in Noida from Wednesday. A company statement said the delivery of the fuel will commence from the Shaheed Ramendra Pratap Singh Petrol Pump at Sector-95 in Noida. With this, BPCL has become the first company to begin door step […]