Power & Energy News Monthly Archive March 2017

MAR 31 2017

How Yogi Adityanath becoming CM will bring affordable power for all in Uttar Pradesh

  • Deepa Jainani, The Financial Express / New Delhi, 31st March 2017 Published on : 31st March 2017
  • Created:Fri 31st MAR 2017

  With the newly-elected Yogi Adityanath government in saddle in Uttar Pradesh, the state is finally on the threshold of signing up on the Centre’s ambitious scheme 24×7 ...

MAR 31 2017

Azure Power wins 46 MWs solar rooftop projects from Railways

  • PTI, The Financial Express / New Delhi, 31st March 2017 Published on : 31st March 2017
  • Created:Fri 31st MAR 2017

  Azure Power today said it has bagged from Indian Railways 46 MWs of solar rooftop projects spread across eleven states in India. The power purchase agreement (PPA) will be signed ...

MAR 31 2017

Marginal rise in Singareni Collieries output at 60.59 mt

  • Our Bureau, The Hindu Business Line / Hyderabad, 31st March 2017 Published on : 31st March 2017
  • Created:Fri 31st MAR 2017

  Singareni Collieries Company Ltd has produced 60.59 million tonnes of coal from its mines as on March 28 this fiscal against 60.38 million tonnes during the financial year ended ...

MAR 31 2017

CIL aims to invest Rs 8.5K crore in capex in FY'18: Govtc

  • PTI, ETEnergyWorld / New Delhi, 31st March 2017 Published on : 31st March 2017
  • Created:Fri 31st MAR 2017

   State-owned CIL is looking at spending Rs 8,500 crore on capital expenditure next fiscal, starting April 1. "Coal India Ltd (CIL) has kept Capex target of Rs 8,500 ...

MAR 31 2017

CIL to boost its delivery system for swift supply

  • Debjoy Sengupta, ETEnergyWorld / Kolkata, 31st March 2017 Published on : 31st March 2017
  • Created:Fri 31st MAR 2017

  Coal India plans to ramp up its delivery system to be able to supply coal swiftly to consumers. “We plan to draw up a regional power demand map and ready ourselves to ...

MAR 31 2017

Steel major SAIL cuts costs by 10 per cent despite rise in coal prices

  • Rakhi Muzumdar, ETEnergyWorld / Kolkata, 31st March 2017 Published on : 31st March 2017
  • Created:Fri 31st MAR 2017

  Steel Authority of India cut production cost 10% despite a 12% hike in coal prices earlier in the year though high manpower cost and low productivity still remain for India's ...

MAR 31 2017

Stop work on open cast mine in Raniganj: Cong MP to Coal Min

  • PTI, ETEnergyWorld / New Delhi, 31st March 2017 Published on : 31st March 2017
  • Created:Fri 31st MAR 2017

  Senior Congress leader Pradip Bhattacharya today asked Coal Minister Piyush Goyal to stop work for an open cast mine in the Raniganj area of West Bengal till arrangements for ...

MAR 31 2017

Did India inspire Chinas energy plans? Heres how Indian oil companies could merge to tackle global competition

  • FE Online, The Financial Express / 31st March 2017 Published on : 31st March 2017
  • Created:Fri 31st MAR 2017

  Chinese authorities have asked the coal mining giant Shenhua Group Corporations and power generator China Datang Corporation to consider a merger. According to a report by ...

MAR 31 2017

NGT raps oil firms over polluting trucks; orders them off Delhi roads

  • Our Bureau, The Hindu Business Line / New Delhi, 31st March 2017 Published on : 31st March 2017
  • Created:Fri 31st MAR 2017

  Two years since the National Green Tribunal (NGT) issued orders to ban 10-year-old diesel vehicles, including trucks, from the National Capital, public-sector oil companies are ...

MAR 31 2017

Wrtsil eyes opportunities in solar and LNG segments

  • Our Bureau, The Hindu Business Line / Chennai, 31st March 2017 Published on : 31st March 2017
  • Created:Fri 31st MAR 2017

  Wärtsilä is expanding beyond its traditional business segments to tap emerging opportunities in the Indian market in renewable power and LNG (liquefied natural ...

MAR 31 2017

BPCL, ONGC pip Reliance in overseas fundraising

  • Dev Chatterjee, Business Standard / 31st March 2017 Published on : 31st March 2017
  • Created:Fri 31st MAR 2017

  Thanks to aggressive acquisition of oil assets abroad, government-owned BPCL and ONGC are set to overtake Reliance Industries in overseas fundraising in 2016-17. Reliance was the ...

MAR 31 2017

Indian Oil Corp to set up second generation ethanol plant in Panipat

  • TNN, ETEnergyWorld / Chandigarh, 31st March 2017 Published on : 31st March 2017
  • Created:Fri 31st MAR 2017

  The Indian Oil Corporation Limited (IOCL) has decided to set up a 50-acre second generation (2G) ethanol plant in Panipat. It will be IOCL's first such plant in the state. ...

MAR 30 2017

India becomes net exporter of electricity for the first time

  • Our Bureau, The Hindu Business Line / New Delhi, 30th March 2017 Published on : 30th March 2017
  • Created:Thu 30th MAR 2017

India has turned from a net importer of electricity to a net exporter for the first time, according to the Central Electricity Authority. According to an official statement, “During ...

MAR 30 2017

Kerala, Tripura and Arunachal join UDAY

  • Our Bureau, The Hindu Business Line / New Delhi, 30th March 2017 Published on : 30th March 2017
  • Created:Thu 30th MAR 2017

Kerala, Tripura and Arunachal Pradesh have joined the Centre’s power distribution company debt relief scheme, Ujjwal Discom Assurance Yojna. With this, 26 states have joined the ...

MAR 30 2017

Renewable energy: poor demand, weak utilities expose challenges

  • R. Sree Ram, Live Mint / New Delhi, 30th March 2017 Published on : 30th March 2017
  • Created:Thu 30th MAR 2017

The gap between good intentions and execution is starkly evident in one area of the renewable energy sector. Capacity additions are gathering pace but 25 states (including Union territories) are ...

MAR 30 2017

Discoms cut revenue losses under UDAY scheme

  • Gireesh Chandra Prasad, Live Mint / New Delhi, 30th March 2017 Published on : 30th March 2017
  • Created:Thu 30th MAR 2017

State power distribution firms have reported interest cost savings of Rs11,989 crore and sharp reduction of revenue losses—by up to 60% in some cases—under the Ujjwal Discom Assurance ...

MAR 30 2017

Wind developers at risk as India copes with dual payment system

  • Anindya Upadhyay, Live Mint / New Delhi, 30th March 2017 Published on : 30th March 2017
  • Created:Thu 30th MAR 2017

India’s wind-energy industry is seeing the viability of projects called into question as it adjusts to Prime Minister Narendra Modi’s transition away from two separate systems to pay ...

MAR 30 2017

ADB approves $175 mn loan to Power Grid Corp

  • PTI, Business Standard / New Delhi, 30th March 2017 Published on : 30th March 2017
  • Created:Thu 30th MAR 2017

Asian Development Bank (ADB) has approved $175 million loan to Power Grid Corporation to expand its solar energy transmission network in the country. The project funding will improve the ...

MAR 30 2017

Govt sells 60.48 cr shares in NHPC for Rs 1,950 crore

  • PTI, Business Standard / New Delhi, 30th March 2017 Published on : 30th March 2017
  • Created:Thu 30th MAR 2017

The government has sold equity shares worth Rs 1,950 crore in the state-run hydro power generator NHPC Ltd under buyback issue of the company. The Central government has sold 60.48 crore ...

MAR 30 2017

UDAY pulls down discom book losses in 2016-17 by half to Rs 37,500 crore

  • Debjoy Sengupta, ETEnergyWorld / Kolkata, 30th March 2017 Published on : 30th March 2017
  • Created:Thu 30th MAR 2017

ICRA estimates that debt refinancing or takeover by state governments will lower book losses of discom from Rs 67,000 crore in FY2015 to Rs 37500 crore in FY2017. ICRA finds that the ...