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JUN 15 2012

India seeks more oil, gas from producing countries

  • Business Line / New Delhi, 15 June 2012
  • Created:Fri 15th JUN 2012

India has sought more crude oil, LNG, and LPG as well as enhancing mutual cooperation from the producing nations at the 5th OPEC International Seminar in Vienna.The ...

JUN 15 2012

ONGC Tripura project helps unleash investment potential

  • Business Line / New Delhi, 15 June 2012
  • Created:Fri 15th JUN 2012

RECENTLY IN TRIPURA: Unlike the mountainous North, the Southern part of Tripura is made up of smaller mud hills that descend on to the plains bordering ...

JUN 15 2012

Power cos turn to LNG as coal, gas output stagnates

  • Financial Express, Prashant Mukherjee, Subhash Narayan / New Delhi, 15 June 2012
  • Created:Fri 15th JUN 2012

The stagnation in domestic gas and coal production has led to a revival of interest in the liquefied natural gas (LNG) business, despite it being the most expensive fuel for power ...

JUN 15 2012

Gas output from RIL's KG-D6 fields drops to 31.5 mmcmd

  • Business Standard, Press Trust of India / New Delhi, 15 June 2012
  • Created:Fri 15th JUN 2012

High water and sand ingress led to shutting of 8 wells, which led to the dropReliance Industries has reported natural gas output at its eastern offshore ...

JUN 15 2012

A Market for Gas

  • Economic Times, 15 June 2012
  • Created:Fri 15th JUN 2012

Discover efficiency prices to meet growing demand-supply mismatch There is much loud thinking on a new mechanism for pricing natural gas. The growing ...

JUN 15 2012

US spot gas little changed despite soaring futures

  • Reuters, Eileen Houlihan / New York, 15 June 2012
  • Created:Fri 15th JUN 2012

U.S. spot natural gas prices were mostly flat to slightly higher on Thursday, with fairly mild near-term weather expected to only marginally boost airm conditioning demand. But soaring gas ...

JUN 14 2012

Welspun Energy to invest Rs 5,675 cr in wind power projects

  • Business Line, PTI / New Delhi, 14 June 2012
  • Created:Thu 14th JUN 2012

Welspun Energy Ltd today said it will invest Rs 5,675 crore in developing two wind power projects in Karnataka over the next five years.Welspun Energy, a part of $3.5 ...

JUN 14 2012

Wind energy comes into its own

  • Business Line / Chennai, 14 June 2012
  • Created:Thu 14th JUN 2012

The Indian Wind Turbine Manufacturers Association is set to mark the Global Wind Day on Friday with a series of programmes to increase public awareness of the importance of wind ...

JUN 14 2012

Power Exhange India ties up with Korea Power

  • Business Line / Mumbai, 14 June 2012
  • Created:Thu 14th JUN 2012

Power Exchange India Ltd (PXIL) has signed a memorandum of understanding with Korea Power Exchange (KPX) to work together in overseas power markets.PXIL is a joint venture ...

JUN 14 2012

Narayanaswamy favours FDI in nuclear sector

  • Business Line, PTI / New Delhi, 14 June 2012
  • Created:Thu 14th JUN 2012

Keen to ramp up nuclear energy production, the government today favoured allowing foreign direct investment in the atomic power sector, a view that was welcomed by the ...

JUN 14 2012

Improving financial viability of distribution companies will spur investments in power

  • Economic Times, Lalit Jalan / 14 June 2012
  • Created:Thu 14th JUN 2012

One of the biggest challenges for the power sector in India is to find urgent solutions to the dismal financial health of distribution utilities. A stark realisation for all stakeholders in ...

JUN 14 2012

Concerns already priced into NTPC's stock valuation

  • Business Standard, Priya Kansara Pandya /Mumbai, 14 June 2012
  • Created:Thu 14th JUN 2012

While the lowering of capacity target for the 12th Plan is known, recent trends indicate fuel availability is gradually improvingNTPCs stock fell 2.5 ...

JUN 14 2012

India setting up investment cell for new energy: Abdullah

  • Business Line, PTI / London, 14 June 2012
  • Created:Thu 14th JUN 2012

India is setting up an Investment Promotion Cell for the energy sector to provide a single point of contact for investors, Minister of New and Renewable Energy, Mr Farooq Abdullah, has ...

JUN 14 2012

Govt plans to roll out 3,000-MW solar power projects

  • Business Line / Bangalore, 14 June 2012
  • Created:Thu 14th JUN 2012

The Government of India is working on a plan to roll out 3,000 MW of grid connected solar power projects in phase 2 of the Jawaharlal Nehru National Solar ...

JUN 14 2012

Kudankulam power plant set to start operations in a few days'

  • Business Line / New Delhi, 14 June 2012
  • Created:Thu 14th JUN 2012

The Nuclear Power Corporation of India Ltd (NPCIL) will start operating 1,000 MW of new capacity at Kudankulam in Tamil Nadu "within the next few days, Mr V. Narayanasamy, Minister ...

JUN 14 2012

Markets ignore bearish calls on Suzlon stock

  • Business Standard, Jitendra Kumar Gupta / Mumbai, 14 June 2012
  • Created:Thu 14th JUN 2012

Even as the countrys top research houses, HSBC and Citigroup, downgraded the Suzlon stock, the markets didnt react in any major way. Over the past two days, the stock is down just 10p to Rs ...

JUN 14 2012

25,000 MW feasible if CIL assures fuel supply: NTPC

  • Business Line, PTI / New Delhi, 14 June 2012
  • Created:Thu 14th JUN 2012

NTPC on Wednesday said it can meet the thermal power generation target of 25,000 MW by 2017 if it gets the fuel supply assurance from Coal India (CIL) in the next six ...

JUN 14 2012

UK-based The Children's Investment Fund serves ultimatum to Coal India Limited

  • Economic Times, ET Bureau / Mumbai, 14 June 2012
  • Created:Thu 14th JUN 2012

UK-based hedge fund The Children's Investment Fund (TCI) has delivered an ultimatum to Coal India (CIL) chairman and managing director Narsing Rao, giving the company time till the end ...

JUN 14 2012

Coal India Limited defers plans to buy overseas assets

  • Economic Times, ET Bureau / Kolkata, 14 June 2012
  • Created:Thu 14th JUN 2012

State-run Coal India has put on hold its initiative to acquire foreign assets and has stopped talks with all foreign companies that it had started dialogues with. It does not intend to start ...

JUN 14 2012

Government examining whether Coal India could facilitate coal imports

  • Economic Times, PTI / New Delhi, 14 June 2012
  • Created:Thu 14th JUN 2012

The government today said it is assessing whether Coal India, under obligation of supplying a minimum assured quantity of coal to power producers, could facilitate imports of coal through ...