In response to a proposal by the commerce ministry on the National Offset Policy, the power ministry has termed it to be against the interest of the power sector PSUs that may lead to hike in tariff to the end consumer. Under the proposed policy, the government is attempting to bridge the gap in trade […]
The government is working on the Integrated Power Development Scheme (IPDS) under which it would reward states for improving efficiency in metering & collection besides reducing transmission losses. Under the scheme, the distribution networks in the urban areas would also be improved. Broad highlights of the scheme are reproduced herein for our readers.
Central Electricity Authority (CEA) receives very detailed data from all the power plants. A compilation of the same by them fuel source-wise and their weighted average rate of sale of power from generating station to power utilities for the year 2012-13 has been tabulated by them (see table). This reveals that the cheapest source of […]
Tata Power has taken various steps to meet its obligation to buy power from renewable resources. It has tied up various contracts based on ‘waste to power’ technology, small hydro power projects and solar power projects. It has got competitive rates ranging from Rs 5.921 to Rs 8.860 per unit. In this regard, extract of […]
The under-recovery by the public sector Oil Marketing Companies (OMCs) on the sale of subsidized diesel, LPG and kerosene is Rs 51,110 crore in Q1 & Q2 of the current financial year. In the next two quarters, this is estimated to be Rs 26,491 crore (total for year 2014-15 is Rs 77,601 cr) due to […]
Technopromexport (TPE), a Russian company, awarded with EPC contract for 1,980 MW (660×3) by NTPC way back in March 2005, is yet to start any kind of activity for its rollout. The project was to be installed at Barh, near Patna in Bihar and all the three units were to be commissioned by January 2010. […]
Responding to a request from MoP&NG, DGH has recently sent updated information to the ministry on the historic and prevailing structure of various revenue streams associated with the exploration and production of petroleum and gas business. The information provided relates to royalty, profit petroleum, production level payment, Petroleum Exploration Licence (PEL) and Petroleum Mining Licence […]
India will be commissioning 5.33 million tonnes of underground crude oil storages by October to ensure uninterrupted oil supply to the nation for about two months in the case of disruptions in imports from oil producing countries due to geopolitical reasons. The first strategic oil reserve of 1.33 million tonnes will be ready in Visakhapatnam […]
In January 2015, the Deputy Prime Minister of Mauritius visited India and also met the minister of P&NG to explore the possibility of exploration of non living assets in Mauritius Sea. The ministry had sought feedback from their PSUs. While ONGC has proposed exploration, Mangalore Refinery and Petrochemicals Ltd (MRPL) has proposed setting up petroleum […]
The revival of three fertilizer plants – Gorakhpur (UP) and Talcher (Odisha), both of Fertilizer Corporation of India Ltd (FCIL) and Barauni (Bihar) of Hindustan Fertilizer Corporation Ltd (HFCL) – is on the top the Modi government’s agenda. The Gorakhpur plant will be taken over by Kribhco as the government has agreed to provide them […]
