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MAY 05 2012

‘Bangalore has potential to save 10% of power generated'

  • Business Line / Bangalore, 05 May 2012
  • Created:Sat 05th MAY 2012

Bangalore city, which consumes 2,000 MW of power daily, has potential to save 10 per cent, said the Karnataka Energy Minister, Ms Shobha Karandlaje.Addressing reporters, ...

MAY 05 2012

India violating WTO norms, says US solar industry

  • Business Line, PTI / Washington, 05 May 2012
  • Created:Sat 05th MAY 2012

The US solar industry is pushing the government to drag India to the World Trade Organisation, alleging that the recent Indian regulation that certain things in solar panels be manufactured ...

MAY 05 2012

Uttarakhand for speeding up Jamrani dam project

  • Business Line, PTI / Dehra Dun, 05 May 2012
  • Created:Sat 05th MAY 2012

The Uttarakhand Revenue and Irrigation Minister, Mr Yashpal Arya, on Friday directed officials to remove hurdles coming in the way of construction of the proposed multipurpose Jamrani dam ...

MAY 05 2012

Vedanta's Rs 1,000-cr Odisha investment stuck

  • Business Standard, Sudheer Pal Singh / New Delhi, 05 May 2012
  • Created:Sat 05th MAY 2012

The fate of the Rs 1,000-crore investment made by Vedanta Aluminium Ltd (VAL) in setting up a power plant in Odisha is hanging in balance. A high-level inter-ministerial committee that ...

MAY 05 2012

Maharashtra Electricity Regulatory Commission's ‘no’ to intervene in franchise model

  • Times of India, Ashish Roy, TNN / Nagpur, 05 May 2012
  • Created:Sat 05th MAY 2012

Maharashtra Electricity Regulatory Commission (MERC) has refused to interfere in MSEDCL's franchise model, which has got the green signal of the central government, and instead asked ...

MAY 05 2012

Into Power Tariffs

  • Economic Times / 05 May 2012
  • Created:Sat 05th MAY 2012

Where else can fuel costs go,provided competition rules at multiple levels Power minister Sushilkumar Shinde says his ministry is willing to let electricity producers ...

MAY 05 2012

Policy on surplus coal usage to be finalised in a month: Govt

  • Business Standard, BS Reporter / New Delhi, 05 May 2012
  • Created:Sat 05th MAY 2012

The government on Friday said a formal policy on the usage of surplus coal produced in mines allocated for captive use to companies would be finalised in a month.This ...

MAY 05 2012

CIL to invite bids for exploring Mozambique mines soon

  • Economic Times, PTI / New Delhi, 05 May 2012
  • Created:Sat 05th MAY 2012

State-owned Coal India (CIL) will soon invite fresh bids for exploration of its two coal mines in Mozambique having reserves of over one billion tonnes, according to ...

MAY 05 2012

Ministry plans sovereign fund for coal buys abroad

  • Financial Express / New Delhi, 05 May 2012
  • Created:Sat 05th MAY 2012

The coal ministry has proposed a sovereign fund to facilitate the acquisition of coal properties abroad. The proposal comes following the demands from steel, fertiliser and power companies ...

MAY 05 2012

Coal supply pacts lack substance

  • Economic Times, Kameswara Rao, ET Bureau / 05 May 2012
  • Created:Sat 05th MAY 2012

It is hard to recall another commercial contract that has attracted as much impassioned debate as Coal India's (CIL) fuel supply agreements (FSA). The unusual step of presidential ...

MAY 05 2012

Haldia Petro to appear before International Court on ownership issues

  • Business Line / Kolkata, 05 May 2012
  • Created:Sat 05th MAY 2012

The loss-making Haldia Petrochemicals Ltd (HPL) is set to face another phase of court room battle on ownership issues.Having failed to convince the West Bengal ...

MAY 05 2012

Sajjan Kumar is new GM for IndianOil Bihar

  • Business Line, Shobha Roy / Kolkata, 05 May 2012
  • Created:Sat 05th MAY 2012

Mr Sajjan Kumar has joined Indian Oil’s Bihar state office as General Manger and state-level coordinator of Bihar and Jharkhand.Mr Kumar holds a masters degree ...

MAY 05 2012

Oil rebounds ahead of US jobs data

  • Business Line, PTI / Singapore, 05 May 2012
  • Created:Sat 05th MAY 2012

Oil prices bounced back in Asian trade today from the previous day’s sharp losses as traders awaited a key labour market report in the United States, the world’s biggest ...

MAY 05 2012

Sticky facts on oil refining

  • Business Line, Santanu Sanyal / 05 May 2012
  • Created:Sat 05th MAY 2012

The recent commissioning of a 9-mtpa refinery at Bathinda is significant at least for two reasons. First, the maiden Indian venture of Mr L. N. Mittal, who is known as the world's ...

MAY 05 2012

Stocks, oil slump on weak jobs data

  • Reuters, Herbert Lash / New York, 05 May 2012
  • Created:Sat 05th MAY 2012

* Weak U.S. payrolls, PMI reports in Europe, spur gloom* Global shares slide; bond prices jump on QE3 hopes* Brent crude falls to 3-month lows around ...

MAY 05 2012

Government defends decline in oil output by Imperial Energy

  • Economic Times, Rajeev Jayaswal, ET Bureau / New Delhi, 05 May 2012
  • Created:Sat 05th MAY 2012

The government has defended the steep fall in oil output by Imperial Energy, which ONGC acquired for $2.1 billion three years ago, and blamed geological complexity for the situation, ...

MAY 05 2012

Government says Reliance Industries can recover KG-D6 cost later

  • Economic Times, ET Bureau / New Delhi, Mumbai, 05 May 2012
  • Created:Sat 05th MAY 2012

Reliance Industries will once again be able to recover the development cost of about $1 billion from its KG-D6 operations if gas output climbs back to the projected level, a top oil ministry ...

MAY 05 2012

Where’s the KG D6 audit?

  • Financial Express, Sunil Jain / New Delhi, 05 May 2012
  • Created:Sat 05th MAY 2012

In the ultimate analysis, if RIL is to be denied cost recovery, it can only be for padding costs–GoI still hasn’t done this analysisGiven Solicitor ...

MAY 04 2012

PSERC allows PSPCL to carry forward RPO

  • IEX Bulletin
  • Created:Fri 04th MAY 2012

  Responding to the petition filed by PSPCL to PSERC ci t i ng reasons such as del ay i n commissioning of RE projects and ...

MAY 04 2012

First Solar appoints Sujoy Ghosh as India head

  • Economic Times, PTI / New Delhi, 04 May 2012
  • Created:Fri 04th MAY 2012

First Solar, a provider of photovoltaic solar systems, has appointed Sujoy Ghosh as the country head to lead business development in India. Ghosh would also manage the ...