Power & Energy News Monthly Archive May 2017

MAY 23 2017

Non-performing PSUs bleeding Uttar Pradeshs coffers dry

  • PTI, The Financial Express / Lucknow, 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

  Non-performing public sector undertakings (PSUs) in Uttar Pradesh, mounting arrears and gross anomalies in the power sector are bleeding the state’s coffers dry, the ...

MAY 23 2017

Total electrification works completed in Kannur

  • Special Correspondent, The Hindu / Kannur, 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

  The district-level announcement of total electrification in the district will be held on May 28 as 11,223 families have been given free electricity connection under the supervision ...

MAY 23 2017

Power supply restored in many parts of Guntur

  • Staff Reporter, The Hindu / Guntur(AP), 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

  Power supply was restored in most parts of the city that were lashed by heavy downpour accompanied by gales. SPDCL Superintending Engineer B. Jayabharath Rao said that power ...

MAY 23 2017

18% tax under GST for solar modules to increase project costs: reportc

  • Mayank Aggarwal, Live Mint / New Delhi, 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

  The GST Council’s decision to set 18% tax rate for solar modules as compared to a present effective rate of zero will increase overall project costs by about 12%, consulting ...

MAY 23 2017

Tata Power's generation crosses 52,000 million unit mark in FY17

  • PTI, Business Standard / Mumbai, 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

  Tata Power today said its total generation through all its subsidiaries stood at 52,512 million units (MU) in fiscal 2016-17 as against 47,347 million units in FY16. The ...

MAY 23 2017

Bhushan Power & Steel wins Netrabandha Pahar iron ore block

  • PTI, Business Standard / Bhubaneshwar, 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

  Bhushan Power & Steel (BPSL) has emerged as the preferred bidder for the Netrabandha Pahar iron ore block in Odisha after 17 hours of intense bidding that ended on the wee hours ...

MAY 23 2017

BIS pulls up Toshiba T&D Systems for misuse of licence norms

  • V Rishi Kumar, The Hindu Business Line / Hyderabad, 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

  The Bureau of Indian Standards has pulled up Toshiba Transmission & Distribution Systems (India) Pvt Ltd for misuse of its licence norms. It has directed Toshiba to ...

MAY 23 2017

Modi government's solar alliance gets approval from 5 African countries

  • Dipanjan Roy Chaudhary, ETEnergyWorld / New Delhi, 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

  The Modi government's key renewable energy initiative -- International Solar Alliance (ISA) -- on Monday received boost when Djibouti, Comoros, Cote d’Ivoire, Somalia and ...

MAY 23 2017

Work begins on India's first green energy corridor project

  • Anisha Dutta, ETEnergyWorld / New Delhi, 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

  India today conducted the ground-breaking ceremony for its first green energy corridor project with an ultra high-voltage direct current (UHVDC) link over 1,800km with the aim to ...

MAY 23 2017

Now, solar power to light up CST annexe building

  • TNN, ETEnergyWorld / Mumbai, 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

  The administrative wing of Chhatrapati Shivaji Terminus (CST) building will now meet a fraction of its power requirement through solar power. Railway minister Suresh Prabhu ...

MAY 23 2017

No royalties holiday for Adani: Queensland government

  • PTI, The Financial Express / Melbourne, 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

  The Queensland government today rejected reports that it has offered a “royalties holiday” to Indian energy giant Adani’s 21.7 billion dollar coal mine project in ...

MAY 23 2017

Adani defers Australian coal project investment decision

  • Agencies, The Hindu Business Line / Melbourne, 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

  Adani Enterprises has deferred a final investment decision on its long-delayed Australian Carmichael coal project, as the Queensland state government has yet to sign off on a ...

MAY 23 2017

Ex-coal secy HC Gupta's bail: A detailed timeline of the coal scam

  • Debapriya Mondal, ETEnergyWorld / New Delhi, 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

  Former coal secretary HC Gupta was today sentenced to a two-year jail term by a special court by the Central Bureau of Investigation (CBI) in the coal scam case. He was later ...

MAY 23 2017

Govt to auction CIL supply to imported coal-based power plants

  • Sarita C Singh, ETEnergyWorld / New Delhi, 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

  The government may auction domestic coal supply to imported coal-based power plants. The coal supply policy to power sector approved by the government last week provides for ...

MAY 23 2017

WGPL to Set up State-of-the-art LPG Bottling Plant in Bihar

  • PTI, The Financial Express / Patana, 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

  Worthwhile Gases Private Limited (WGPL) has initiated the process of setting up its state-of-the-art LPG Bottling Plant at Village Gaddachak, Sanhaula, Bhagalpur with an installed ...

MAY 23 2017

OPEC Secretary-General termed demonetisation visionary, GST as bold move by PM Narendra Modi, reveals Dharmendra Pradhan

  • FE Online, The Financial Express / 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

  Secretary General of OPEC on Monday briefed Union Petroleum Minister Dharmendra Pradhan about the efforts being taken to stabilise the price of crude oil and cooperation with other ...

MAY 23 2017

GAIL Q4 profit dips 69% on Dabhol investment write-down

  • PTI, The Financial Express / New Delhi, 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

  State-owned gas utility GAIL India Ltd today reported 69 per cent drop in fourth quarter net profit as it wrote down the value of its investment in Dabhol power plant. Net profit ...

MAY 23 2017

India could invest in Aramco IPO to strengthen ties

  • Reuters, The Financial Express / Vienna, 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

  India said on Monday its state refiners could become cornerstone investors in Saudi Aramco when it floats its shares next year, as New Delhi seeks to strengthen ties with the ...

MAY 23 2017

Even J&K FM wants petro oil lubricants under GST

  • Saurabh Kumar, The Financial Express / 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

  With reports of the petroleum sector taking a Rs 25,000- crore hit due to not being able to get input tax credits under GST, revenue secretary Hasmukh Adhia said that a committee ...

MAY 23 2017

Pradhan seeks discount on oil

  • Special Correspondent, The Hindu / New Delhi, 23rd May 2017 Published on : 23rd May 2017
  • Created:Tue 23rd MAY 2017

   Petroleum Minister Dharmendra Pradhan on Monday urged the Organization of the Petroleum Exporting Countries to remove the ‘Asian premium’ on the crude oil supplied ...