Power & Energy News We love to talk!

MAY 16 2012

Essar Energy replaces $450-m bridge loan

  • Business Line, Shankar Subramaniam /Mumbai, 16 May 2012
  • Created:Wed 16th MAY 2012

Essar Energy said it has replaced a $450-million bridge loan with a $300-million loan and $150 million from cash generated by the company.The bridge loan was due in ...

MAY 16 2012

‘Local factors hampering AP wind power projects'

  • Business Line, V. Rishi Kumar / Hyderabad, 16 May 2012
  • Created:Wed 16th MAY 2012

State has potential to add 1,000 MW projects, says IWPA chiefAndhra Pradesh has potential to add 1,000 MWs per annum of wind power projects but some ...

MAY 16 2012

Power capacity addition target for FY’13 set at 18,000 MW

  • Business Line, PTI / New Delhi, 16 May 2012
  • Created:Wed 16th MAY 2012

The Power Ministry is believed to have fixed a target of adding 18,000 MW capacity in the current financial year.In a meeting between the Power Ministry officials and the ...

MAY 16 2012

Energy-intensive sectors turn to saving

  • Business Line, V. Rishi Kumar / Hyderabad, 16 May 2012
  • Created:Wed 16th MAY 2012

The Perform, Achieve and Trade (PAT) scheme to encourage energy saving in energy intensive sectors such as power, steel and cement has begun to attract companies to its fold, according to ...

MAY 16 2012

BHEL moves oversized cargo via Ennore Port

  • Business Line, T.E. Raja Simhan / Chennai, 16 May 2012
  • Created:Wed 16th MAY 2012

It took BHEL nearly five months to move it, but the PSU finally transported a 310-tonne ‘stator,' a key piece of equipment to generate power for the North Chennai Thermal ...

MAY 16 2012

The 110 KV bolt from the blue

  • Business Line, Vaidya Viswanathan, 16 May 2012
  • Created:Wed 16th MAY 2012

One of the successful traits of a boss is his/her sharp-wittedness and the ability to remain cool when pushed to a corner, think out of the box and exploit the situation to his/her ...

MAY 16 2012

Private power producers line up to ink fuel supply pacts with Coal India

  • Business Lne, Pratim Ranjan Bose / Kolkata, 16 May 2012
  • Created:Wed 16th MAY 2012

Private power producers are queuing up to sign fuel supply pacts with Coal India Ltd despite criticism that the agreements are skewed in favour of the coal major. The Kolkata-based CESC Ltd ...

MAY 16 2012

Pvt power firms urge govt to pool gas to tackle scarcity

  • Business Standard, PTI / New Delhi, 16 May 2012
  • Created:Wed 16th MAY 2012

Industry body fears dwindling KG-D6 output wil lead to gas-based plants running only at 30% capacityIn order to tackle the problem of scarcity of fuel ...

MAY 16 2012

Coal truths

  • Business Line, 16 May 2012
  • Created:Wed 16th MAY 2012

Ineffective orders to Coal India to adhere to its fuel supply pacts with power producers only underscore the need for mining sector reforms.Power ...

MAY 16 2012

Coal Ministry wants more transparency in the system

  • Business Line, Siddhartha P. Saikia Richa Mishra / New Delhi, 16 May 2012
  • Created:Wed 16th MAY 2012

The Coal Minister, Mr Sriprakash Jaiswal, is in no mood to make any controversial statement. He is clear that whatever be the decision of the high-level ministerial panel dealing with some ...

MAY 16 2012

Coal India too will have to pay reserve price for new blocks

  • Business Line, Siddhartha P. Saikia Richa Mishra / New Delhi, 16 May 2012
  • Created:Wed 16th MAY 2012

Coal India will henceforth have to pay the reserve price, as any other bidder, for acquiring blocks in fresh auction rounds. This will be so even for blocks offered to the public sector ...

MAY 16 2012

Indian Oil Corp plans 41 pc capacity expansion by 2016/17

  • Economic Times / New Delhi, 16 May 2012
  • Created:Wed 16th MAY 2012

Indian Oil Corp, the country's biggest refiner, aims to expand refining capacity 41 percent by 2016/17 and use more cheaper, heavy crude grades to boost profitability and offset ...

MAY 16 2012

Oil hits 5-month low of $94 per barrel

  • Business Line, PTI / Singapore, 16 May 2012
  • Created:Wed 16th MAY 2012

Oil prices fell to near $94 a barrel today in Asia, extending a two-week sell-off that has brought crude to a five-month low amid concerns over Europe’s debt ...

MAY 16 2012

GoM accepted Chawla committee report

  • Business Standard, PTI / New Delhi, 16 May 2012
  • Created:Wed 16th MAY 2012

The group of ministers (GoM) has accepted the Ashok Chawla committee's recommendation suggesting distancing the administrative ministry from the appointment and removal of regulators in ...

MAY 16 2012

ONGC Videsh 2011/12 output down 7.35 pc y/y

  • Economic Times, Reuters / New Delhi, 16 May 2012
  • Created:Wed 16th MAY 2012

Oil and Natural Gas Corp produced 7.35 per cent less oil and oil equivalent gas from its foreign assets in 2011/12 from a year ago due to the difficult geo-political situation in Syria and ...

MAY 16 2012

Looming threats

  • Financial Express / New Delhi, 16 May 2012
  • Created:Wed 16th MAY 2012

Challenges in sourcing and financing crudeIndia could face serious external and internal challenges in sourcing and financing its crude oil imports in ...

MAY 16 2012

India cuts crude oil import from Iran by 11% to 15.5 mt

  • Financial Express, PTI / New Delhi, 16 May 2012
  • Created:Wed 16th MAY 2012

Government on Tuesday disclosed in Parliament that the target for India’s crude imports from Iran has been reduced by 11% this financial year to 15.5 million tonne, a statement ...

MAY 16 2012

Smooth sail ahead for supertankers

  • Financial Express, Bloomberg, Isaac Amsdorf / New Delhi, 16 May 2012
  • Created:Wed 16th MAY 2012

Atlantic-to-Asia business raises VLCC earnings by 81%this yearThe biggest hedge fund in shipping is turning bullish on the largest oil tankers for the ...

MAY 16 2012

Knowledge for RIL

  • Economic Times / 16 May 2012
  • Created:Wed 16th MAY 2012

RIL needs to step up research and development to consolidate its growth Reliance Industries (RIL) seems to be on a sticky wicket, appearance running ...

MAY 16 2012

BPCL, Videocon up on Mozambique gas discovery

  • Economic Times, Reuters / 16 May 2012
  • Created:Wed 16th MAY 2012

India's Bharat Petroleum Corporation gains 2.3 per cent, Videocon Industries adds 1.25 per cent after partner Anadarko Petroleum Corp 's says discovers major new gas field in ...