Power & Energy News Monthly Archive January 2017

JAN 30 2017

Prakash Industries secures long-term coal linkage from Coal India

  • PTI, ETEnergyWorld / Mumbai, 30th January 2017 Published on : 30th January 2017
  • Created:Mon 30th JAN 2017

Prakash Industries today said it has secured long-term linkages for sponge iron. "In the recent coal linkage auction conducted by Coal India Ltd, we have secured coal linkages of a total ...

JAN 30 2017

ONGC to invest Rs78,000crore in KG basin, signs deal with Andhra Pradesh

  • Gireesh Chandra Prasad, Live Mint / New Delhi, 30th January 2017 Published on : 30th January 2017
  • Created:Mon 30th JAN 2017

State-owned explorer Oil and Natural Gas Corp. Ltd (ONGC) said on Saturday it will invest Rs78,000 crore in the Krishna Godavari basin for producing hydrocarbons and has signed an agreement with ...

JAN 30 2017

Ranchi firm Domco Private Ltd, others to be formally charged in coal scam

  • IANS, ETEnergyWorld / New Delhi, 30th January 2017 Published on : 30th January 2017
  • Created:Mon 30th JAN 2017

A local court has ordered to frame charges against a Ranchi-based company Domco Private Ltd and five other individuals accused in a coal block allocation case. The court, however, ...

JAN 30 2017

SAIL seeks removal of cess on coking coal in Union Budget 2017-18

  • PTI, ETEnergyWorld / New Delhi, 30th January 2017 Published on : 30th January 2017
  • Created:Mon 30th JAN 2017

Ahead of the Union Budget, country's largest steel maker SAIL today said it expects the removal of clean energy cess on coking coal and reduction of import duty on metallurgical coal as the ...

JAN 30 2017

Budget should step up capital expenditure, demands CII Eastern Region

  • PTI, ETEnergyWorld / Kolkata, 30th January 2017 Published on : 30th January 2017
  • Created:Mon 30th JAN 2017

Ahead of the Union Budget on February 1, CII Eastern Region today hoped that the government would increase its capital expenditure substantially and overhaul tax structure to cope with the ...

JAN 30 2017

Indian nuclear sector does not expect budget bounty, unlike last year

  • IANS, ETEnergyWorld / Chennai, 30th January 2017 Published on : 30th January 2017
  • Created:Mon 30th JAN 2017

After getting a firm commitment of Rs 3,000 crore allocation over the next two decades for atomic power projects in the last Union Budget, the nuclear power sector is not expecting anything new in ...

JAN 30 2017

IT parks, schools, hospitals opt out of grid, embrace green energy for power

  • Aparjita Ray, ETEnergyWorld / Bengaluru, 30th January 2017 Published on : 30th January 2017
  • Created:Mon 30th JAN 2017

From Infosys, SAP Labs to St Joseph's College and Sri Sathya Sai Medical Hospital, big energy consumers are switching to renewable energy sources, primarily solar. There are many plus points of ...

JAN 30 2017

Govt says peak power shortage in UP down to 9.8 per cent in Apr-Dec

  • Debapriya Mondal, ETEnergyWorld / New Delhi, 30th January 2017 Published on : 30th January 2017
  • Created:Mon 30th JAN 2017

Peak power shortage in Uttar Pradesh has reduced to 9.8 per cent during the period April- December, 2016 from 17.0 per cent during the period April-December, 2014, according to data given by power ...

JAN 30 2017

Power Ministry misses target despite rise in output for November-December

  • PTI, ETEnergyWorld / New Delhi, 30th January 2017 Published on : 30th January 2017
  • Created:Mon 30th JAN 2017

Demonetisation may have negligible impact on power sector as output grew by 8.53 per cent in November and 6.13 per cent in December year-on-year but Power Ministry could not achieve the targeted ...

JAN 30 2017

Over 10 million LED bulbs distributed in Bihar under UJALA scheme

  • PTI, ETEnergyWorld / Patna, 30th January 2017 Published on : 30th January 2017
  • Created:Mon 30th JAN 2017

The Union Government in coordination with Bihar Government has successfully distributed over 1 crore LED bulbs under the UJALA (Unnat Jeevan by Affordable LEDs and Appliances for All) scheme in ...

JAN 30 2017

NORDIC POWER-Forward electricity prices fall on weaker coal, carbon

  • Reuters, ETEnergyWorld / New Delhi, 30th January 2017 Published on : 30th January 2017
  • Created:Mon 30th JAN 2017

Nordic forward power prices fell on weaker coal and carbon markets and a wetter weather outlook for next week in the hydropower-dependant region. The Nordic front-quarter baseload power ...

JAN 30 2017

Govt taking initiatives to ensure round-the-clock power supply: J&K Dy CM

  • PTI, ETEnergyWorld / Jammu, 30th January 2017 Published on : 30th January 2017
  • Created:Mon 30th JAN 2017

Jammy and Kashmir Deputy Chief Minister Nirmal Singh has said the government has introduced several initiatives for upgrading the power sector which would have a long-time impact on power ...

JAN 30 2017

Jharkhand electricity board continues to lose despite distribution reform scheme UDAY

  • IANS, ETEnergyWorld / Ranchi, 30th January 2017 Published on : 30th January 2017
  • Created:Mon 30th JAN 2017

The Jharkhand Bijli Vitran Nigam Ltd, despite joining the centre's ambitious UDAY scheme aimed at bringing state-run power discoms out of losses, is again saddled with huge arrears to be paid to ...

JAN 30 2017

Farook College sets a model by going all-solar

  • Staff Reporter, The Hindu / Kozhikoda, 30th January 2017 Published on : 30th January 2017
  • Created:Mon 30th JAN 2017

Farook College, Feroke, the cradle of many a luminary in north Kerala, is setting a model for other educational institutions yet again. The college will soon start depending on a solar power plant ...

JAN 30 2017

Narayan Karthikeyan's company looks to buy Inox Windfarms for Rs 1,200 crore

  • Mohit Bhalla, ETEnergyWorld / New Delhi, 30th January 2017 Published on : 30th January 2017
  • Created:Mon 30th JAN 2017

A clean energy company promoted by India’s first Formula One driver, Narain Karthikeyan, and his family is in talks to buy the wind power generation business of Inox Group for enterprise ...

JAN 30 2017

Govt mulls introducing fixed-cost component in renewable energy tariff

  • Mayank Agarwal, Live Mint / New Delhi, 30th January 2017 Published on : 30th January 2017
  • Created:Mon 30th JAN 2017

The government is exploring a change in the tariff structure for electricity from clean energy sources to boost India’s efforts to promote a green economy.The ministry of new and renewable ...

JAN 30 2017

Fitch assigns NTPCs 500 mn euro notes final BBB rating

  • PTI, The Hindu Business Line / New Delhi, 30th January 2017 Published on : 30th January 2017
  • Created:Mon 30th JAN 2017

Fitch Ratings today said it has assigned state-run power producer NTPC’s 500 million euro, 2.75 per cent notes due in 2027, a final rating of ‘BBB—’, which denotes ...

JAN 27 2017

GAIL approves issuance of a bonus share for every 3, 85 per cent dividend

  • PTI, ETEnergyWorld / New Delhi, 27th January 2017 Published on : 27th January 2017
  • Created:Fri 27th JAN 2017

State gas utility GAIL India Ltd today approved issuance of one bonus share for every three held and an interim dividend of 85 per cent to shore up government revenues. The Board of ...

JAN 27 2017

Cairn India moves Delhi HC against bar on surplus export from Barmer oilfields

  • Priyanka Mittal, Live Mint / New Delhi, 27th January 2017 Published on : 27th January 2017
  • Created:Fri 27th JAN 2017

Cairn India on Wednesday moved the Delhi high court in an appeal against an order rejecting permission to the company to export surplus crude from Barmer oilfields in Rajasthan. The matter ...

JAN 27 2017

Indias oil consumption to be fastest in world by 2035: report

  • PTI, Live Mint / New Delhi, 27th January 2017 Published on : 27th January 2017
  • Created:Fri 27th JAN 2017

Having pipped Japan to become world’s third largest oil consumer, India’s oil consumption growth will be the fastest among all major economies by 2035, BP Statistical Review of World ...