Power & Energy News We love to talk!

APR 18 2012

Oil companies threaten to raise petrol prices by Rs 9.65 a litre

  • Economic Times, Rajeev Jayaswal, ET Bureau / New Delhi, 18 April 2012
  • Created:Wed 18th APR 2012

Petrol State oil marketing firms have threatened the government that they would raise petrol rates by about Rs 10 a litre unless government cuts taxes or else reverse its decision of ...

APR 18 2012

Govt asked to clear supply bottlenecks, curb subsidies

  • Business Standard, BS Reporter / Mumbai, 18 April 2012
  • Created:Wed 18th APR 2012

After doing its bit to give a push to the slowing economy, the Reserve Bank of India (RBI) had a strong message for the government: Clear supply bottlenecks, curb subsidies and hike ...

APR 18 2012

Gail to set up 4 MTPA floating LNG terminal

  • Economic Times, Rajeev Jayaswal, ET Bureau / New Delhi, 18 April 2012
  • Created:Wed 18th APR 2012

Gail India will set up India's first 4 million tonne capacity floating liquefied natural gas terminal off the Andhra coast with an investment of about Rs 2,000 crore, oil ministry and ...

APR 18 2012

Export of US LNG wins final approval

  • Financial Express, Ed Crooks / New York, 18 April 2012
  • Created:Wed 18th APR 2012

The first project to export liquefied natural gas from the US in more than 40 years has been given its final approval by the federal energy regulator, clearing the way for construction to ...

APR 18 2012

Indraprastha Gas fears tariff order will dry up future earnings

  • Economic Times / New Delhi, 18 April 2012
  • Created:Wed 18th APR 2012

The petroleum regulator's order that slashed tariffs of Indraprastha Gas Ltd and asked it to refund its customers will wipe out all its future earnings, the company told the High Court ...

APR 17 2012

McNally Bharat engineering bags Sagardighi power project order

  • Business Line / Kolkata, 17 April 2012
  • Created:Tue 17th APR 2012

The West Bengal Power Development Corporation Ltd (WBPDCL) has awarded a Rs 298-crore contract for Sagardighi power (extension) project's coal handling plant.The ...

APR 17 2012

TEECL commissions captive power plant for Bengal Energy

  • Business Line, Pratim Rajan Bose / Kolkata, 17 April 2012
  • Created:Tue 17th APR 2012

Techno Electric & Engineering Company Ltd (TEECL) – an EPC contractor – today announced commissioning of a captive power plant for Bengal Energy Ltd, Kharagpur, ...

APR 17 2012

No objections to Kudankulam nuclear power project: Lanka

  • Business Line, PTI / Colombo, 17 April 2012
  • Created:Tue 17th APR 2012

Sri Lanka on Monday said it had not objected to the Kudankulam nuclear power project in Tamil Nadu and underlined that India has every right to use nuclear technology in meeting the ...

APR 17 2012

CIL board okays fuel supply agreements

  • Business Standard, BS Reporters / Kolkata, New Delhi, 17 April 2012
  • Created:Tue 17th APR 2012

But, to dismay of power producers, offers only limited self-penalty for not committing at least 80% of promised supplyAbiding by the Presidential ...

APR 17 2012

Environment ministry extends bar on projects at 4 coal fields

  • Economic Times, Urmi A Goswami / New Delhi, 17 April 2012
  • Created:Tue 17th APR 2012

The environment ministry will not accept any proposal for new and expansion projects in four major coal fields - Korba, Asansol, Chandrapur and Dhanbad - as no measures have been taken to ...

APR 17 2012

Coal imports increase 24% to 11.6 million tonne in March

  • Financial Express, Bloomberg / New Delhi, 17 April 2012
  • Created:Tue 17th APR 2012

India, the world’s third-largest coal user, imported 24% more of the fuel in March as power plants increased buying before summer, according to shipping ...

APR 17 2012

Coastal Karnataka petroleum dealers to join agitation from April 23

  • Business Line / Mangalore, 17 April 2012
  • Created:Tue 17th APR 2012

Petroleum dealers in coastal Karnataka will participate in a ‘no-purchase no-sale' agitation from April 23. This follows their national body calling for an agitation against ...

APR 17 2012

Still in CDR, but Essar Oil plans to raise Rs 6,300 cr more via debt

  • Business Standard, Kalpana Pathak, Arijit Barman & Abhijit Lele / Mumbai, 17 April 2012
  • Created:Tue 17th APR 2012

In talks with SBI for six-year debt at 12.5 per cent to repay Gujarat governmentEven as Essar Oil gets set to come out of its Rs 9,000-crore corporate ...

APR 17 2012

Oil prices dip after ‘positive’ Iran nuclear talks

  • Business Line, PTI / Singapore, 17 April 2012
  • Created:Tue 17th APR 2012

Oil prices slid in Asian trade today after nuclear talks over the weekend between major crude producer Iran and world powers eased concerns over West Asian supply, analysts ...

APR 17 2012

RBI for hiking prices of petroleum products

  • Economic Times, PTI / Mumbai, 17 April 2012
  • Created:Tue 17th APR 2012

Making a case for increasing prices of petroleum products and deregulating diesel prices, the Reserve Bank today said these steps are necessary to contain fiscal slippages and arrest decline ...

APR 17 2012

Oil refining capacity to rise 43% a year by March 2017

  • Business Standard, PTI / New Delhi, 17 April 2012
  • Created:Tue 17th APR 2012

Refining capacity will exceed 310 million tonne per annum from current 216 million tonneIndia's oil refining capacity will rise by more than 43% to ...

APR 17 2012

Diesel prices have to be raised in phases: Rangarajan

  • Business Line / Hyderabad, 17 April 2012
  • Created:Tue 17th APR 2012

Dr C. Rangarajan, Chairman of Economic Council to the Prime Minister, said it is not possible or desirable to increase diesel prices at one go to adjust with international ...

APR 17 2012

Petrol pumps strike on April 23

  • Economic Times, ET Bureau / New Delhi, 17 April 2012
  • Created:Tue 17th APR 2012

Over 40,000 petrol pumps across the country will shut their outlets on next Monday to press their demand for raising their commission on petrol by about 27 paise per litre and diesel by 14 ...

APR 17 2012

Govt to persist with auction route for disinvestment despite ONGC setback

  • Financial Express, Gireesh Chandra Prasad, Himani Kaushik / New Delhi, 17 April 2012
  • Created:Tue 17th APR 2012

Oil India, Nalco and SAIL to be divested through auction, says divestment secretaryDespite the poor response to last fiscal's ONGC auction, the government is planning ...

APR 16 2012

POWERGRID signs three agreements with ADB for US $ 826 Million Loan

  • PGCIL site/corporate communication
  • Created:Mon 16th APR 2012

POWERGRID signed agreements for three loans totaling to US$ 826 million from Asian Development Bank on 30th March 2012, which includes Sovereign Guaranteed loans of US$ 500 million and US$ 76 ...