The centre has spent over Rs 1.25 lakh crore in the last two years across the country for the development of national highways (NHs) which includes the money spent on four and six laning of NHs. Punjab is the major beneficiary of this spending.
Category: Magazine News
Under Scanner
ONGC Videsh Ltd (OVL) & Oil India Ltd (OIL) purchase of stakes in Mozambique gas field has come under scanner of the oil ministry amidst allegations that the PSUs may have overpaid subsidiaries of Videocon Industries Ltd and US based Anadarko Petroleum Corporation for acquiring the stakes. The two companies in total paid $5,159 million […]
BJP surge in Panchayat Polls
On February 7, 2016, the Prime Minister Narendra Modi dedicated to the nation Paradip Refinery which is Indian Oil Corporation Ltd (IOCL)’s 11th Refinery. Envisioned as the Energy Gateway to Eastern India, the 15 mmtpa (million metric tonnes per annum) Refinery has been set up at an estimated cost of Rs 34,555 crore.
Energy Saving Certificates
Energy Savings Certificates (ESCerts), introduced in 2013 by the Bureau of Energy Efficiency (BEE), have received Central Electricity Regulatory Commission (CERC)’s nod for being traded on a separate market platform. CERC has notified rules of trading on power exchanges.
Oil & Gas
On February 15, 2017, the Cabinet Committee on Economic Affairs (CCEA) approved award of 31 contract areas to the highest ranked bidders as part of the Discovered Small Field (DSF) Bid Round 2016.
Greenko
In February 2017, the income tax department conducted searches at the premises of Greenko in Hyderabad. While the details are awaited, a few articles published in the media have been reproduced herein for our readers. The company is into hydro power business and has recently acquired SunEdison’s solar power projects in India.
Research
Scientists are developing a new way of extracting uranium from seawater, an advance that may help countries that lack resources to harness nuclear power from the oceans.
Rewa Solar
Tariffs for solar power have fallen to record lows. Mahindra Renewables Pvt Ltd, Acme Solar Holdings Pvt Ltd and Sweden’s Solenergi Power Pvt Ltd bid Rs 2.979, Rs 2.97, and Rs 2.974 per unit respectively, to win contracts to build 250 MW plants each in Rewa, Madhya Pradesh. The reverse auction for 750 MW of […]
Easier RPO for discoms
Central Electricity Regulatory Commission (CERC) has proposed to decrease the floor prices of renewable energy certificates (RECs), making it easier for the state discoms to meet their renewable energy purchase obligations (RPOs).
Wind Power @ Rs 3.46
After the recent first ever auction of 1,000 MW Wind Power projects by Solar Energy Corporation of India (SECI), in which four companies were awarded projects of 250 MW each at Rs 3.46 per unit, ICRA has come out with a report saying now the wind power is competitively priced vis-à-vis solar power as well […]
Ind-Ra FY18 Outlook for Power
India Ratings and Research (Ind-Ra) in its latest report has maintained a stable to negative outlook on the power sector for FY18, despite an improvement in coal availability, the restructuring of discom debt and the operationalisation of stuck projects. This is owing to large underutilised capacities, muted demand, bunched capacity addition, soft merchant power-prices, continued […]
Indo-Bangla Energy Sector Projects
India and Bangladesh have an intense relation with bilateral mechanisms in the spheres of Security & Border Management, Trade and Commerce, Power, Energy, Shipping, Railways. More pacts in these spheres are expected during the forthcoming visit of Bangladesh’s Prime Minister, Sheikh Hasina to Delhi in April. Sheikh Hasina will be in Delhi at the invitation […]