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JUL 19 2012

Private coal transport to resolve power woes

  • Financial Express, Vijay Kurup / 19 July 2012
  • Created:Thu 19th JUL 2012

Did you know that one of the many reasons why you were sweating it out without power in an intensely hot summer is because the Indian Railways (IR) had a shortage of wagons? Bizarre as it ...

JUL 19 2012

IOC agrees to pick up stake in Rajasthan refinery

  • Financial Express, Prashant Mukherjee / New Delhi, 19 July 2012
  • Created:Thu 19th JUL 2012

After initial reluctance, state-run oil marketing company Indian Oil Corporation has agreed to take a stake in the proposed nine-million-tonne refinery in Rajasthan along with its project ...

JUL 19 2012

Oil Falls Below $89 on China,Europe Concerns

  • Economic Times / Pune, 19 July 2012
  • Created:Thu 19th JUL 2012

Oil fell from a seven-week high in New York on concern fuel demand may falter after China signalled more economic weakness and analysts cut their profit forecasts for European companies at ...

JUL 19 2012

Oil firms offer to study Indo-Pak pipeline feasibility

  • Business Line / New Delhi, 19 July 2012
  • Created:Thu 19th JUL 2012

Hindustan Petroleum Corporation/HPCL-Mittal joint venture and Indian Oil Corporation have offered to examine the feasibility of laying petroleum product pipelines between India and ...

JUL 19 2012

RIL’s net profit may dip again in June quarter

  • Mint, Aveek Datta / 19 July 2012
  • Created:Thu 19th JUL 2012

Muted crude refining businesses, hydrocarbon exploration and output may drag down firm’s profits, say analystsReliance Industries Ltd (RIL) is expected to post a ...

JUL 19 2012

BP rejects media reports on potential D6 output shutdown

  • Economic Times, ET Bureau / New Delhi, 19 July 2012
  • Created:Thu 19th JUL 2012

British energy major BP, Reliance Industries' partner in KG-D6 block, has firmly rejected reports that gas output from D6 would come to a halt unless government expeditiously approves ...

JUL 19 2012

OVL looks at Russia again, revives Yamal LNG plans

  • Business Standard, Kalpana Pathak & Arijit Barman / Mumbai, 19 July 2012
  • Created:Thu 19th JUL 2012

OVL-IOC-Petronet combo to compete for 15-20% stake for close to $3.5 bnAfter almost a year’s lull, ONGC Videsh Limited (OVL), the overseas arm of the state-owned ...

JUL 19 2012

Government looking at LPG subsidy cut, partial decontrol of diesel

  • Economic Times, PTI / Bangalore, 19 July 2012
  • Created:Thu 19th JUL 2012

The government is close to taking a decision on capping the number of subsidized LPG cylinders to "economically not weaker" sections to bring down the subsidies by up to Rs ...

JUL 19 2012

Gas: Stand firm, but move on

  • Business Standard / New Delhi, 19 July 2012
  • Created:Thu 19th JUL 2012

RIL’s dispute with govt cannot hold up KG-D6 productionIt is a matter of legitimate concern that the Krishna-Godavari natural gas fields in ...

JUL 19 2012

Fishermen affected by GSPC gas pipeline to be compensated

  • Business Line, V. Rishi Kumar / Hyderabad, 19 July 2012
  • Created:Thu 19th JUL 2012

Gujarat State Petroleum Corporation and thousands of local fishermen have agreed to work collaboratively as the former seeks to implement the DeenDayal-West gas block of Krishna-Godavari ...

JUL 18 2012

NTPC may import coal to meet fuel demand

  • Business Line, Our Bureau / New Delhi, 18 July 2012
  • Created:Wed 18th JUL 2012

Public sector power major, NTPC, proposes to import 16 million tonnes (mt) of coal this fiscal up from 12 mt last fiscal to meet its requirements.According to industry ...

JUL 18 2012

Spot electricity tariffs still high as demand rises

  • Business Line, Siddhartha.S / New Delhi, 18 July 2012
  • Created:Wed 18th JUL 2012

Insufficient rains and rising demand from agriculture sector see spot electricity tariffs continued to rule high for the third consecutive month in ...

JUL 18 2012

Power shortage making tiny units sick

  • Business Line, T. E. Raja Simhan / Chennai, 18 July 2012
  • Created:Wed 18th JUL 2012

Last year, every one hour three tiny units became sick. In other words, every day 79 tiny units became sick, according to trade associations, quoting Reserve Bank of India ...

JUL 18 2012

Russia and India sign protocol for financing Kundankulam Nuclear Power Project

  • Economic Times, Rakhi Mazumdar, ET Bureau / Kolkata, 18 July 2012
  • Created:Wed 18th JUL 2012

Russia and India have signed a protocol for financing the Kundankulam Nuclear Power Project (KKNPP). As per the protocol, Russian federation will be providing $3400 million for financing ...

JUL 18 2012

Fuel supply pacts to be signed at 80% trigger level, says Power Secy

  • Business Line, Our Bureau / New Delhi, 18 July 2012
  • Created:Wed 18th JUL 2012

Plan Panel supports pooled price for coalThe Power Ministry has reiterated its stand that Fuel Supply Agreements (FSAs) between Coal India Ltd and power ...

JUL 18 2012

Planning Commission wants states to hike power tariff, cut losses

  • Economic Times, PTI / New Delhi, 18 July 2012
  • Created:Wed 18th JUL 2012

The Planning Commission today asked states to increase electricity charges and use power subsidy to improve essential services like drinking water, education and health. ...

JUL 18 2012

Steep fall in wind capacity addition in Q1

  • Business Line, M. Ramesh / Chennai, 18 July 2012
  • Created:Wed 18th JUL 2012

Wind power capacity addition fell by nearly half in the first three months of the current financial year over the same period of last year. The fall was led by the two states Tamil Nadu and ...

JUL 18 2012

PE firm NEA invests Rs 84 crore in renewable energy firm Trishe Developers

  • Economic Times, PTI / New Delhi, 18 July 2012
  • Created:Wed 18th JUL 2012

Private equity firm New Enterprise Associates (NEA) has invested Rs 84 crore in Trishe Developers, a Chennai-based renewable energy infrastructure company."This ...

JUL 18 2012

AP seeks preferential gas allocation to improve generation

  • Business Line, Our Bureau / Hyderabad, 18 July 2012
  • Created:Wed 18th JUL 2012

Andhra Pradesh has sought additional preferential gas supply to improve power generation, review of the progress of ultra mega power projects and financial package for distribution ...

JUL 18 2012

Equis Funds may pick up stake in Bhilwara Energy

  • Mint, Utpal Bhaskar, PTI / New Delhi, 18 July 2012
  • Created:Wed 18th JUL 2012

The deal involves acquiring stake both at holding company level and for individual projects Singapores Equis Funds Group is in ...