Power & Energy News We love to talk!

MAY 01 2012

Power sector needs Rs 13.72 lakh crore for 12th Five-Year Plan period: Government

  • Economic Times, PTI / New Delhi, 01 May 2012
  • Created:Tue 01st MAY 2012

The country's power sector requires Rs 13.72 lakh crore in funding for the 12th Five-Year Plan (2012-17), the government said today."The Working Group on ...

MAY 01 2012

‘Time of day tariff' made compulsory for HT consumers

  • Business Line / Bangalore, 01 May 2012
  • Created:Tue 01st MAY 2012

High tension users will now have to pay tariff based on the peak as well as non-peak hours.Called the ‘time of day tariff,' it is aimed at discouraging ...

MAY 01 2012

Energy sector high on India-Japan bilateral initiatives

  • Economic Times, 01 May 2012
  • Created:Tue 01st MAY 2012

To intensify cooperation in energy sector,representatives of India and Japan agreed on scores of initiatives that will ultimately give the required impetus to the energy sector in ...

MAY 01 2012

89 power projects await eco, forest clearance: Govt

  • Business Line, PTI / New Delhi, 01 May 2012
  • Created:Tue 01st MAY 2012

Environment and forest clearance for 89 power projects is pending with the Government, the Lok Sabha was informed today.While 41 power projects are awaiting environment ...

MAY 01 2012

Orient Green sells 21,000 RECs

  • Business Line, M.Ramesh / 01 May 2012
  • Created:Tue 01st MAY 2012

The renewables industry received a pleasant surprise last week when 71,326 ‘renewable energy certificates' were traded on the two exchanges, IEX (62,277) and PXIL (8,949). ...

MAY 01 2012

Rooftop solar capacity

  • Business Line, M.Ramesh / 01 May 2012
  • Created:Tue 01st MAY 2012

India has 98.05 MW of rooftop solar capacity coming up. Jharkhand tops the list of States with rooftop solar capacity with 16 MW under its belt. Rajasthan follows it with 12 MW and Andhra ...

MAY 01 2012

Releasing the captive

  • Business Standard / New Delhi, 01 May 2012
  • Created:Tue 01st MAY 2012

Govt's order on coal for Reliance Power is an errorAn Empowered Group of Ministers (EGoM) on Saturday chose not to reopen the question of what ...

MAY 01 2012

New mechanism to collect fuel cost adjustment

  • Business Line, Bangalore / 01 May 2012
  • Created:Tue 01st MAY 2012

The Karnataka Electricity Regulatory Commission (KERC) is planning to introduce a mechanism for collection of fuel cost adjustment from consumers.Addressing reporters, the ...

MAY 01 2012

CIL signs fuel supply pacts with 10 power firms, says Zohra Chatterjee

  • Economic Times, PTI / New Delhi, 01 May 2012
  • Created:Tue 01st MAY 2012

State-owned Coal India Ltd (CIL) has entered into fuel supply agreements (FSAs) with ten power firms for supplying a minimum assured quantity of fuel to power producers as per the government ...

MAY 01 2012

SK Srivastava to take over as Oil India chief

  • Economic Times, ET Bureau / New Delhi, 01 May 2012
  • Created:Tue 01st MAY 2012

Director general of hydrocarbons, SK Srivastava, will take charge as chairman of Oil India on Tuesday, ending a tumultuous two-year tenure in which he blamed Reliance Industries for the fall ...

MAY 01 2012

ATF price cut by Rs 312 a kilolitre

  • Business Line, PTI / New Delhi, 01 May 2012
  • Created:Tue 01st MAY 2012

State-owned oil companies on Monday reduced jet fuel prices by a marginal Rs 312 per kilolitre or kl, the second reduction in rates this month.The price of aviation ...

MAY 01 2012

EGoM on oil to meet by May end

  • Financial Express, Noor Mohammad / New Delhi, 01 May 2012
  • Created:Tue 01st MAY 2012

An empowered group of ministers led by Pranab Mukherjee will meet by the end of May to consider raising the prices of diesel, LPG and kerosene in order to help fuel retailers IOC, HPCL and ...

MAY 01 2012

Oil stocks unmoved by PM's statement

  • Business Line, R.Y narayanan / Chennai, 01 May 2012
  • Created:Tue 01st MAY 2012

Investors are not in a rush to buy oil sector stocks despite the Prime Minister’s statement that fuel prices need to be rationalised.The BSE’s Oil and ...

MAY 01 2012

China mulls guarantees for ships carrying Iran oil

  • Business Standard, Reuters / Beijing, 01 May 2012
  • Created:Tue 01st MAY 2012

Sanctions bar EU insurers and reinsurers from covering tankers carrying Iranian crudeChina is considering sovereign guarantees for its ships to enable ...

MAY 01 2012

Oil falls on concerns over US, Euro Zone

  • Business Line, PTI / Singapore, 01 May 2012
  • Created:Tue 01st MAY 2012

Oil prices edged lower in Asia today, with investors fretting over stuttering growth in the US as political and economic uncertainty in the Euro Zone weighed, analysts ...

MAY 01 2012

Government appoints ministerial panel as RIL, Essar CBM price differ

  • Economic Times, Rajeev Jayaswal,ET Bureau / New Delhi, 01 May 2012
  • Created:Tue 01st MAY 2012

The oil ministry plans to take coal bed methane (CBM) pricing matters to a ministerial panel as it sees a wide gap between prices offered by customers to Reliance Industries and Essar, a ...

MAY 01 2012

Oil Ministry urged to monitor KG-D6 fields output

  • Business Line, PTI / New Delhi, 01 May 2012
  • Created:Tue 01st MAY 2012

A Parliamentary panel has asked Oil Ministry and DGH to closely monitor Reliance Industries’ flagging KG–D6 gas fields saying any production decline should be supported ...

MAY 01 2012

GAIL pipeline project in Goa faces obstacle

  • Business Line, PTI / Panaji, 01 May 2012
  • Created:Tue 01st MAY 2012

The Goa Government’s ambitious plan to generate electricity using gas from the Gas Authority of India Ltd (GAIL) has hit a roadblock.The gas pipeline project has ...

APR 30 2012

Rajasthan Govt scraps Rs 12K-cr tenders bagged by BHEL

  • Business Line, PTI / New Delhi, 30 April 2012
  • Created:Mon 30th APR 2012

The Rajasthan Government has scrapped tenders worth Rs 12,000 crore that were bagged by Bharat Heavy Electricals (BHEL) more than a year ago for two separate thermal power projects in the ...

APR 30 2012

Fear of revenue loss dissuades discoms from providing open access

  • Business Standard, Sanjay Jog / Mumbai, 30 April 2012
  • Created:Mon 30th APR 2012

A power ministry directive last week to the Central Electricity Regulatory Commission (CERC) has once again exposed the reluctance of Maharashtra’s power distribution companies to ...