In a boost to Gujarat’s efforts to promote renewable energy sector, the four power distribution companies (discoms) associated with the state-run Gujarat Urja Vikas Nigam Limited (GUVNL) have signed power purchase agreements (PPAs) for 3,979 small scale solar power projects. To be setup under the state’s scheme for small scale distributed solar projects, the cumulative […]
Day: June 7, 2021
Power market trades 6,540 MU in May amid coronavirus lockdowns
Indian Energy Exchange (IEX) traded 6,540 million units of electricity volume in May, achieving 9 per cent year-on-year growth amid continuation of Covid-19 lockdowns as well the cyclonic disturbances which affected overall power demand in the country. The national peak demand at 169 GW recorded a 2 per cent growth while the energy consumption at […]
Power Grid Corp gains on acquiring two SPVs from REC Power
Power Grid Corporation of India rose 2.52% to Rs 231.85 after the state-run company said it has acquired two special purpose vehicles (SPVs) from REC Power Distribution Company. REC Power Distribution Company (RECPDCL), a wholly owned subsidiary of REC under Ministry of Power, has handed over two projects specific special purpose vehicles (SPVs) ‘Fatehgarh Bhadla […]
Options being explored to further sweeten BPCL privatisation deal
The Central government proposes to further sugarcoat the BPCL strategic sale deal for the interested investors by giving few more clarifications through a new set of frequently asked questions (FAQ). Sources said that the Department of Promotion of Investment and Internal Trade (DPIIT) may soon issue a clarification that the BPCL under new private sector […]
Oil hits new multi-year highs; investors eye Iran nuclear talks this week
Oil extended gains to hit fresh multi-year highs on Monday, underpinned by a brighter economic and fuel-demand outlook, while investors eyed the outcome of talks between Iran and world powers over a nuclear deal that is set to boost crude supplies. Brent crude futures for August rose 28 cents, or 0.4%, to $72.17 a barrel […]
Haryana formulating policy to manufacture electric vehicles: Chautala
The Haryana government will formulate a policy to manufacture electric vehicles and convert petrol-diesel vehicles into electric vehicles in the state for which suggestions will be invited after consultation with vehicle manufacturers and industry experts, deputy chief minister Dushyant Chautala said here on Saturday. Chautala presided over a meeting of senior officers of Industries and […]
Coal India’s e-auction sales up 52.5 per cent in April-May
State-run Coal India (CIL) has posted 52.5% growth in e-auction bookings during the first two months of the ongoing fiscal. CIL’s total allocated quantity this fiscal till May’21 increased to 21.5 Million Tonnes (MTs) under the five auction windows, against 14.1 MTs for the comparable period last year, a company executive said. With the demand […]
Climate change action plan launched by Gujarat CM Vijay Rupani
On the World Environment Day on Saturday, the Gujarat government unveiled its ‘State Action Plan on Climate Change’ with the aim to build a sustainable and climate-resilient future. Coordinated climate adaption and mitigation planning is envisaged by 2030. Announcing the plan in Gandhinagar, chief minister Vijay Rupani said that Gujarat had become the first state […]
Petrol, diesel prices rise for second consecutive day: Check rates in your city
The prices of petrol and diesel in India rose for the second consecutive day on Monday after a brief pause of one day. After a hike of 28 paise, petrol in Delhi was selling at ₹95.31 per litre, according to the Indian Oil Corporation (IOC). Diesel saw a rise of 27 paise and was priced […]
Petrol closes in on ₹100/l in Delhi, touches ₹95/l mark
Fuel rates continued to move up relentlessly in small doses for the nineteenth time in 34 days making petrol costlier by ₹4.63 per litre and diesel ₹5.22 across the country since May 4, a day after results of five assembly polls were declared. State-run oil companies raised petrol price by 27 paise and diesel by […]
Petrol past ₹95/litre in Delhi, ₹101 in Mumbai following 19th price hike
Fuel rates continued to move up in small amounts for the nineteenth time in 34 days making petrol costlier by ₹4.63 per litre and diesel ₹5.22 across the country since May 4, a day after results of five assembly polls were declared. State-run oil companies raised petrol price by 27 paise and diesel by 29 […]
Ethanol-petrol-blending 20% target date advanced to 2025: All you need to know
As India looks to cut carbon emissions and reduce oil imports, Prime Minister Narendra Modi on Saturday announced that the deadline for achieving 20% ethanol-blending with petrol was pushed to 2025 in the country. The government set a target of reaching 10% ethanol-blending in petrol by 2022 last year, and aimed to mix 20% of […]