Power & Energy News We love to talk!

DEC 18 2012

Power, water availability to determine TN’s growth: Rangarajan

  • Business Line, K R Srivats / New Delhi, 18 December 2012
  • Created:Tue 18th DEC 2012

Tamil Nadu would do well to focus on the issue of power and water availability as these will determine the State’s growth in the coming years, a top policymaker has ...

DEC 18 2012

Suzlon bags contract in Canada

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

Suzlon Group subsidiary REpower Systems SE has concluded a contract with wpd Europe GmbH, a subsidiary of project developer wpd AG, for the delivery of 51 wind ...

DEC 18 2012

Tata Power to modernise Trombay thermal plant

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

Tata Power has proposed modernisation of its 500 MW Unit 6 at Trombay Thermal Power Station. At present, Unit 6 can operate only on oil and gas.The modernisation plan ...

DEC 18 2012

No violation of guidelines under Solar Mission: Govt

  • Business Line, PTI / New Delhi, 18 December 2012
  • Created:Tue 18th DEC 2012

There has been no violation of policy guidelines for implementation of schemes under Jawaharlal Nehru National Solar Mission, the Government today informed Rajya ...

DEC 18 2012

DVC, CESC may become party to TCI-CIL legal battle

  • Business Standard, Shine Jacob / Kolkata, 18 December 2012
  • Created:Tue 18th DEC 2012

The high-profile legal battle between The Children's Investment (TCI) Fund and Coal India Ltd (CIL) has taken a curious turn with state-run Damodar Valley Corporation (DVC) and R P ...

DEC 18 2012

Miners can determine coal prices: Ministry

  • Business Standard, Sudheer Pal Singh / New Delhi, 18 December 2012
  • Created:Tue 18th DEC 2012

Ahead of the second meeting of a ministerial panel to give final shape to the Coal Regulatory Authority Bill on Tuesday, the coal ministry has proposed that coal producers can determine the ...

DEC 18 2012

Pvt power producers against cost plus pricing of coal

  • Business Line, Siddhartha P Saikia / New Delhi, 18 December 2012
  • Created:Tue 18th DEC 2012

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

DEC 18 2012

Focus will be on exploration and production: T K Ananth Kumar

  • Business Standard, Jyoti Mukul / New Delhi, 18 December 2012
  • Created:Tue 18th DEC 2012

Interview with Director (Finance), Oil India LtdWith presence in nine countries, Oil India Ltd is more than an Assam company. As it gets ready for disinvestment of 10 per ...

DEC 18 2012

ConocoPhillips in talks to pick stake in ONGC blocks

  • Business Standard, Kalpana Pathak / Mumbai, 18 December 2012
  • Created:Tue 18th DEC 2012

ONGC's foreign arm had agreed to buy firm's stake in Kashagan field for $5 bnUS-based ConocoPhillips is in talks with state-run Oil and ...

DEC 18 2012

HPL asks SBI for credit help

  • Business Standard, Shine Jacob / Kolkata, 18 December 2012
  • Created:Tue 18th DEC 2012

The HPL board had reinstated its CDR committee to woo lendersHaldia Petrochemicals Ltd, in a desperate bid to raise at least Rs 1,000 crore for working ...

DEC 18 2012

Oil panel may go for profit share based on output

  • Financial Express, FE Bureau / New Delhi, 18 December 2012
  • Created:Tue 18th DEC 2012

The C Rangarajan panel, which is likely to give its report on the licensing of oil and gas fields in a week, is expected to favour production-linked payment for profit-sharing between the ...

DEC 18 2012

Good news for oil cos: Lower crude oil cess likely in next Budget

  • Financial Express, Subhash Narayan, Prashant Mukherjee / New Delhi, 18 December 2012
  • Created:Tue 18th DEC 2012

The coming Union Budget may bring some relief for upstream oil companies ONGC and OIL, which have to burden the greater share of oil subsidy, by reducing crude oil cess. The finance ministry ...

DEC 18 2012

Stake sale target on track; Oil India on block in January

  • Financial Express, Reuters / 18 December 2012
  • Created:Tue 18th DEC 2012

The government is looking at new ways to attract investors to sales of shares in state-run industries and large offerings in Oil India and power company NTPC are set to come in the next few ...

DEC 18 2012

Billionaire Ruias Stall Refinery Plan for Debt: Corporate India

  • Bloomberg, Rakteem Katakey / 18 December 2012
  • Created:Tue 18th DEC 2012

Essar Oil Ltd. (ESOIL), the Indian refiner controlled by the billionaire Ruia brothers, will freeze expansion plans in a bid to cut costs and debt.The company wants to ...

DEC 18 2012

Crude oil up in Asia on hopes of higher demand from China

  • Business Line, PTI / Singapore, 18 December 2012
  • Created:Tue 18th DEC 2012

Oil was up in Asia today on traders’ expectations of a hike in Chinese crude demand after a key survey showed its manufacturing activity hitting a 14-month high in December, ...

DEC 18 2012

Crude oil futures rise to Rs 4,742 per barrel

  • Business Line, PTI / New Delhi, 18 December 2012
  • Created:Tue 18th DEC 2012

Crude oil futures prices rose 0.3 per cent to Rs 4,742 per barrel today as speculators created fresh positions amid a firm trend in Asia.At the Multi Commodity Exchange, ...

DEC 18 2012

ADB’s 5.2% stake in Petronet offered to Qatar

  • Business Line, PTI / New Delhi, 18 December 2012
  • Created:Tue 18th DEC 2012

India has offered Qatar a 5.2 per cent stake that Asian Development Bank (ADB) held in Petronet LNG Ltd, the nation’s largest liquefied natural gas ...

DEC 18 2012

Oil marketing companies may cut LPG imports

  • Economic Times, Rajeev Jayaswal,ET Bureau / New Delhi, 18 December 2012
  • Created:Tue 18th DEC 2012

State-run oil marketing companies are likely to reduce imports of liquefied petroleum gas (LPG) after its consumption slumped 3% in November because of a recently-introduced cap on ...

DEC 17 2012

AP may float tenders for additional power

  • Business Line, V. Rishi Kumar / Hyderabad, 17 December 2012
  • Created:Mon 17th DEC 2012

AP Transco is likely to float tenders for purchase of about 1,000 MW of additional power, including about 300 MW from the Southern region to tide over the demand supply gap during the ...

DEC 17 2012

TN industry languishes for want of power

  • Business Line, Our Bureaus, Chennai / Coimbatore, 17 December 2012
  • Created:Mon 17th DEC 2012

Coupled with the slowdown, many sectors are battling for survivalThese days, foundry workers in Coimbatore can often be seen waiting restlessly in their lodgings within ...