Power & Energy News Monthly Archive April 2017

APR 01 2017

Few lenders delay Essar Oil's $12.9 billion sale, India's largest FDI deal

  • Nayantra Rai, ETEnergyWorld / New Delhi, 1st April 2017 Published on : 1st April 2017
  • Created:Sat 01st APR 2017

The $12.9 bn sale of Essar Oil to a consortium led by Rosneft may have been blessed by Narendra Modi and Vladimir Putin, but a few domestic lenders of the Essar Group have delayed the mega ...

APR 01 2017

Petrol price cut by Rs 3.77 per liter, Diesel price slashed Rs 2.91

  • ETEnergyWorld, ETEnergyWorld / New Delhi, 1st April 2017 Published on : 1st April 2017
  • Created:Sat 01st APR 2017

The Oil Marketing Companies (OMCs) today announced Rs 3.77 per litre cut in petrol prices along with Rs 2.91 per litre cut in diesel rates in order to align the domestic rates of the automobile ...

APR 01 2017

Natural gas price cut 0.8 per cent to $2.48 per unit

  • Bilal Abdi, ETEnergyWorld / New Delhi, 1st April 2017 Published on : 1st April 2017
  • Created:Sat 01st APR 2017

The government today announced a 0.8 per cent cut in domestic natural gas price to $2.48 per million British thermal units (mmbtu) from the current $2.50 per mmbtu for the six months period ...

APR 01 2017

BS IV fuel in supply for a month now: Oil companies

  • Bureau, ETEnergyWorld / New Delhi, 1st April 2017 Published on : 1st April 2017
  • Created:Sat 01st APR 2017

The auto industry may have blamed fuel companies for its large BS III inventory saying poor availability of BS IV fuel slowed down transition, oil companies claimed they have been supplying BS IV ...

APR 01 2017

BS-III impact: Rebates, freebies help 2-wheeler makers clear inventory

  • Ketan Thakkar, ETEnergyWorld / New Delhi, 1st April 2017 Published on : 1st April 2017
  • Created:Sat 01st APR 2017

Diwali came early for two-wheeler buyers who rushed to cash in on hefty discounts offered by two-wheeler makers after the Supreme Court halted the sale and registration of vehicles that don't ...

APR 01 2017

Coal Indias Director-Personnel R Mohan Das terminated

  • ET Bureau, ETEnergyWorld / Kolkata, 1st April 2017 Published on : 1st April 2017
  • Created:Sat 01st APR 2017

Services of Coal India’s director personnel, R Mohan Das has been terminated with effect from March 30 as per direction received by the company from the coal ministry, it said in a notice to ...

APR 01 2017

Government working on railway policy to diversify freight revenue

  • PTI, ETEnergyWorld / New Delhi, 1st April 2017 Published on : 1st April 2017
  • Created:Sat 01st APR 2017

The government is working on a long-term policy with lock-in contracts especially for cargo to help increase and diversify freight revenues, Railway Minister Suresh Prabhu said today. He told the ...

APR 01 2017

Kudankulam nuclear power plant unit 2 begins commercial operation

  • PTI, ETEnergyWorld / New Delhi, 1st April 2017 Published on : 1st April 2017
  • Created:Sat 01st APR 2017

The second unit of Kudankulam Nuclear Power Plant Project (KKNPP) with a capacity of 1000 MW became operational today, giving a boost to the atomic power generation in the ...

APR 01 2017

Solar power capacity addition seen at 7-7.5 GW in FY18: ICRA

  • Debapriya Mondal, ETEnergyWorld / New Delhi, 1st April 2017 Published on : 1st April 2017
  • Created:Sat 01st APR 2017

Solar power capacity addition is estimated to increase to at least 7-7.5 Gigwatt in the next financial year as compared to 3.5-4 GW this year, ratings agency ICRA said in a ...

APR 01 2017

European Investment Bank makes 200 mn euro loan to SBI for mega-solar projects

  • IANS, ETEnergyWorld / New Delhi, 1st April 2017 Published on : 1st April 2017
  • Created:Sat 01st APR 2017

The European Investment Bank (EIB) on Friday announced a euro 200 million (Rs 1,400 crore) long-term loan to the State Bank of India (SBI) to finance mega-solar projects in the ...

APR 01 2017

Power min asks state utilities to complete transmission projects in pipeline to meet summer demand

  • Debapriya Mondal, ETEnergyWorld / New Delhi, 1st April 2017 Published on : 1st April 2017
  • Created:Sat 01st APR 2017

The Ministry of Power has asked state utilities to complete transmission projects in pipeline to meet the power demand in the upcoming summer which is expected to reach 165 ...

APR 01 2017

From TCS to Tata Sons, N Chandrasekaran may lose crores in annual pay

  • Megha Mandavia, ETEnergyWorld / 1st April 2017 Published on : 1st April 2017
  • Created:Sat 01st APR 2017

From TCS to Tata Sons, N Chandrasekaran may lose crores in annual payTata Sons will pay N Chandrasekaran as much as Rs 14.4 crore a year in salary and bonus, its board has decided as the new ...

APR 01 2017

Power Ministry crosses 13,000 village electrification milestone

  • PTI, ETEnergyWorld / New Delhi, 1st April 2017 Published on : 1st April 2017
  • Created:Sat 01st APR 2017

Power Ministry achieved the milestone of electrifying 13,000 unelectrified villages against a target of providing electricity to 18,452 such settlements by 2018 as envisaged by Prime Minister ...

APR 01 2017

We plan to disburse Rs 75,000 crore worth of loan next fiscal: REC CMD P V Ramesh

  • Debapriya mondal, ETEnergyWorld / 1st April 2017 Published on : 1st April 2017
  • Created:Sat 01st APR 2017

What are the areas of work REC is currently focussing on? REC’s mandate has been expanded from rural electrification to cover the entire value chain of the power sector. We are also ...

APR 01 2017

Government approves extension of mega power policy

  • ET Bureau, ETEnergyWorld / 1st April 2017 Published on : 1st April 2017
  • Created:Sat 01st APR 2017

Government approves extension of mega power policyNew Delhi: The government on Friday approved the extension of mega power policy to benefit 24 plants of 30,000-mw capacity that are expected to ...

APR 01 2017

UDAY is a classic example of Comprehensive, Cooperative, Collaborative, Competitive, Consensual and Compassionate Federalism: Shri Piyush Goyal

  • Bureau, newsite / 1st April 2017 Published on : 1st April 2017
  • Created:Sat 01st APR 2017

Kerala, Arunachal Pradesh and Tripura join UDAY, to derive Overall Net Benefits of approximately Rs. 4178 crores, Rs. 309 crores and Rs. 810 crores respectively “UDAY is the most ...