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DEC 19 2012

NTPC to exit proposed third power exchange

  • Economic Times, Sarita C Singh, ET Bureau / New Delhi, 19 December 2012
  • Created:Wed 19th DEC 2012

India's largest power company NTPC has decided to exit the proposed third power trading exchange because of policy hurdles and adverse market conditions for trading platforms that ...

DEC 19 2012

NTPCs MoUs with CIL to lapse in Dec, fuel pacts yet to be signed

  • Mint, Aman Malik & Utpal Bhaskar / New Delhi, 19 December 2012
  • Created:Wed 19th DEC 2012

Disagreement over the terms of the legally binding fuel pacts, guaranteeing supply, behind the discordThe memoranda of understanding (MoUs) signed between NTPC Ltd and ...

DEC 19 2012

Videocon pulls plug on Rs 20k-cr power, steel project in Bengal

  • Business Standard, Shine Jacob / Kolkata, 19 December 2012
  • Created:Wed 19th DEC 2012

This adds to the list of projects that left the state, whose industrial image has sufferedIt is curtains for yet another large-scale project in West Bengal. The Videocon ...

DEC 19 2012

Gencos with captive coal may have to sign PPAs to sell power

  • Financial Express, Noor Mohammad / New Delhi, 19 December 2012
  • Created:Wed 19th DEC 2012

Merchant power plants based on captive coal might soon feel the pressure to enter into power purchase agreements (PPAs) for selling electricity as states return to market for power ...

DEC 19 2012

Coal blocks: Eco nods before auction may delay bidding further

  • Business Line, Siddhartha P Saikia / New Delhi, 19 December 2012
  • Created:Wed 19th DEC 2012

The Coal Ministrys target to auction 54 mines only after in-principle environment and forest clearances are obtained is set to hit procedural hurdles, delaying the bidding ...

DEC 19 2012

Coal use set to surpass oil in a decade: IEA

  • Mint, Richard Lein / Paris, 19 December 2012
  • Created:Wed 19th DEC 2012

Rapid increases in power generation will make India the second-largest coal consumer in 2017, says IEACoal is set to surpass oil as the worlds top fuel within a decade, ...

DEC 19 2012

Private power producers against cost-plus pricing of coal

  • Business Line, Our Bureau / New Delhi, 19 December 2012
  • Created:Wed 19th DEC 2012

Private power producers have opposed the cost-plus pricing of coal and fear that the proposed Coal Regulatory Authority Bill would encourage such a regime.Ashok Khurana, ...

DEC 19 2012

Of coal and controlled pricing

  • Mint / 19 December 2012
  • Created:Wed 19th DEC 2012

The challenge before the government lies in allowing free-market pricing of coalThe power ministry has sought a steep 90% reduction in the reserve price of coal blocks ...

DEC 19 2012

Ministerial panel formed to look into coal blocks allocation for PSUs

  • Business Line, PTI / New Delhi, 19 December 2012
  • Created:Wed 19th DEC 2012

Amid persisting issues over fuel supplies for power projects, the Coal Ministry has set up an inter-ministerial panel to look into applications from government companies for allocation of ...

DEC 19 2012

GoM meet on draft coal regulator bill deferred

  • Business Line, Siddhartha P Saikia / New Delhi, 19 December 2012
  • Created:Wed 19th DEC 2012

The Government on Tuesday deferred a Group of Ministers (GoM) meeting to discuss the draft Coal Regulatory Authority Bill.The meeting has been cancelled because of ongoing ...

DEC 19 2012

Crude oil rises on hopes of US budget deal

  • Economic Times, ET Bureau & Agencies / Kolkata, 19 December 2012
  • Created:Wed 19th DEC 2012

Crude oil rose for a third day in New York on speculation that an agreement will be reached to avert a US budget impasse that would trigger automatic spending cuts and tax increases next ...

DEC 19 2012

ONGC Videsh offered stake in Russian exploration blocks: Minister

  • Mint, PTI / New Delhi, 19 December 2012
  • Created:Wed 19th DEC 2012

OVL has been invited to jointly explore with Rosneft the Magadan 2 and 3 blocks situated in the Okhotsk seaRussias Rosneft has offered ONGC Videsh Ltd. (OVL) a stake in ...

DEC 19 2012

US to benefit from LNG exports to India, China: Report

  • Business Line, PTI / Washington, 19 December 2012
  • Created:Wed 19th DEC 2012

The US stands to benefit immensely from export of LNG, particularly to the Indian and Chinese markets, where demand for the clean fuel is growing rapidly, according to a report by NERA ...

DEC 19 2012

RIL has agreed to CAG audit, oil ministry tells Rajya Sabha

  • Mint, PTI / New Delhi, 19 December 2012
  • Created:Wed 19th DEC 2012

Company agrees to CAG audit of spending in the KG-D6 gas block for the years 2008-09 to 2011-12Reliance Industries Ltd (RIL) has agreed to an audit by the Comptroller and ...

DEC 18 2012

Haryana to set up JV hydel project in Bhutan

  • Economic Times, Prashant Krar, ET Bureau / Chandigarh, 18 December 2012
  • Created:Tue 18th DEC 2012

Aiming to become the first Indian state government to set up power project beyond borders, Haryana government is setting up joint venture hydel power project in Bhutan in partnership with ...

DEC 18 2012

Power cuts force Tamil Nadu leather units to suspend ops

  • Business Standard, T E Narasimhan / Chennai, 18 December 2012
  • Created:Tue 18th DEC 2012

Leather units — mostly small and medium enterprises ( SMEs) — in Ambur, Vaniyambadi and Pernambut in Tamil Nadu’s Vellore district have been forced to suspend ...

DEC 18 2012

Faridabad SMEs to buy power from pvt discom

  • Business Standard, Vikas Sharma / Chandigarh, 18 December 2012
  • Created:Tue 18th DEC 2012

For industrial units — especially small and medium enterprises — who are faced with bleak power situations that hurt their efficiency, here is a model of how power woes ...

DEC 18 2012

TN power crisis hits consumer durable sales

  • Business Standard, BS Reporter / Chennai, 18 December 2012
  • Created:Tue 18th DEC 2012

While Tamil Nadu is celebrating Karthikai, the Tamil month of lights, the state’s power situation is turning from bad to worse. This capital city is witnessing around two hours of ...

DEC 18 2012

Bid norms for new projects by this month

  • Mint, Utpal Bhaskar / New Delhi, 18 December 2012
  • Created:Tue 18th DEC 2012

Govt to specify that these be transferred to electricity buyers at end of 25-year power purchase agreementsThe government will this month finalize the ...

DEC 18 2012

Call for efficient energy management by power utilities

  • Business Line, Our Bureau / Hyderabad, 18 December 2012
  • Created:Tue 18th DEC 2012

Power utilities should adopt an effective energy management policy for energy conservation, according to Minnie Mathew, Chief Secretary, Government of Andhra Pradesh and Chairperson of State ...