Power & Energy News Monthly Archive May 2017

MAY 31 2017

Government's new policy on Enhanced Oil Recovery contracts can help double India's oil output

  • Sanjeev Choudhary, ETEnergyWorld / New Delhi, 31st May 2017 Published on : 31st May 2017
  • Created:Wed 31st MAY 2017

  The government will formulate a bold new policy this year to bring private capital and technology to substantially increase crude oil production in major oilfields such as Mumbai ...

MAY 31 2017

Farzad B gas field row: Iran threatens to replace India's OVL with Russian firms

  • Sanjay Dutta, ETEnergyWorld / New Delhi, 31st May 2017 Published on : 31st May 2017
  • Created:Wed 31st MAY 2017

  Iran has threatened to rope in Russian oil companies for developing the Farzad B gas field, replacing the consortium of Indian state-run entities that discovered it. The ...

MAY 31 2017

Integrated public sector oil company: Oil Ministry prefers making HPCL an arm of ONGC

  • Prasanta Sahu, The Financial Express / 31st May 2017 Published on : 31st May 2017
  • Created:Wed 31st MAY 2017

  To keep the brand names of ONGC and HPCL intact and leverage the expertise of both, the government is likely to opt for a subsidiary model wherein the latter will become an arm of ...

MAY 31 2017

Post fall, Coal India a Buy for high dividend yield

  • Jwalit Vyas, ETEnergyWorld / 31st May 2017 Published on : 31st May 2017
  • Created:Wed 31st MAY 2017

  After losing over 17 per cent in the past three months, Coal India's stock has become attractive for investors who prefer high dividend yield. At Tuesday's market price of Rs 267.1 ...

MAY 31 2017

Indian petrochemical company to increase investment in Egypt

  • PTI, The Financial Express / Cairo, 31st May 2017 Published on : 31st May 2017
  • Created:Wed 31st MAY 2017

  India’s largest investor in Egypt’s chemical business is planning to increase its investments in the Middle Eastern country to USD 1.5 billion, the company’s top ...

MAY 31 2017

Coal available aplenty, yet thermal plants face shortage

  • Pratim Ranjan Bose, The Hindu Business Line / Kolkata, 31st May 2017 Published on : 31st May 2017
  • Created:Wed 31st MAY 2017

  After two years of oversupply, coal is in short supply at Indian power plants in May. According to the Central Electricity Authority (CEA), as on May 22, the average coal ...

MAY 31 2017

Adani strikes deal on royalties payments with Queensland government

  • PTI, The Financial Express / Melbourne, 31st May 2017 Published on : 31st May 2017
  • Created:Wed 31st MAY 2017

  Indian energy giant Adani Group said today that it has struck a deal on royalties payments with the Queensland government for its 21.7 billion dollars coal mine project in ...

MAY 31 2017

French company Engie likely to invest Rs 6,500 crore in solar energy in India

  • Kaavya Chandrasekaran, ETEnergyWorld / New Delhi, 31st May 2017 Published on : 31st May 2017
  • Created:Wed 31st MAY 2017

  Engie, the French power giant with a global installed capacity of 115.3 gigawatts across all forms of energy, expects to invest a minimum of $1 billion (about 6,500 crore) in the ...

MAY 31 2017

Kandla Port to generate 200 MW solar, wind energy

  • Anisha Dutta, ETEnergyWorld / Mumbai, 31st May 2017 Published on : 31st May 2017
  • Created:Wed 31st MAY 2017

  The Ministry of Shipping is exploring the possibility of setting up 200 MW solar and wind energy projects on 1.5 lakh acres of land at Kandla Port in Gujarat, Union Minister for ...

MAY 31 2017

Wind power competitive bidding will reduce tariffs, squeeze returns: CRISIL

  • Anisha Dutta, ETEnergyWorld / New Delhi, 31st May 2017 Published on : 31st May 2017
  • Created:Wed 31st MAY 2017

  Competitive bidding in the wind power sector would change the market landscape leading to a sharp reduction in tariffs, pressure on returns across the value chain, and consolidation ...

MAY 31 2017

Wind capacity addition to depend upon discoms bidding plans: ICRA

  • Anisha Dutta, ETEnergyWorld / New Delhi, 31st May 2017 Published on : 31st May 2017
  • Created:Wed 31st MAY 2017

  The state power distribution utilities are expected to adopt the competitive bidding mechanism for awarding wind energy projects going forward and their plans will determine the ...

MAY 31 2017

GST impact on thermal power sector to be marginally positive: ICRA

  • Anisha Dutta, ETEnergyWorld / New Delhi, 31st May 2017 Published on : 31st May 2017
  • Created:Wed 31st MAY 2017

  Reduction in tax rate on domestic coal will provide a relief in the cost of power generation even after accounting for an increase in capital cost due to higher tax rates in boiler, ...

MAY 31 2017

India to be first in world to run all government ports on green energy

  • Rajat Arora, ETEnergyWorld / New Delhi, 31st May 2017 Published on : 31st May 2017
  • Created:Wed 31st MAY 2017

  All 12 major domestic ports will soon switch to renewable energy to meet their entire power requirements, making India the first country to have all government-owned ports running ...

MAY 31 2017

Actis LLP eyeing profitable exit from renewables firm Ostro Energy

  • Utpal Bhaskar, Live Mint / New Delhi, 31st May 2017 Published on : 31st May 2017
  • Created:Wed 31st MAY 2017

  Global private equity fund Actis LLP is exploring the sale of Ostro Energy Pvt. Ltd, a successful renewable energy company it owns, at a premium. In February 2015, Actis ...

MAY 31 2017

Environment ministry panel defers clearance to Tawang power project

  • Mayank Aggarwal, Live Mint / New Delhi, 31st May 2017 Published on : 31st May 2017
  • Created:Wed 31st MAY 2017

  The expert forest panel of the environment ministry has deferred clearance to the 600 megawatt (MW) Tawang hydroelectric project in Arunachal Pradesh until a study is conducted on ...

MAY 31 2017

IITH-based start-up forays into solar power

  • Staff Reporter, The Hindu / Sangareddy, 31st May 2017 Published on : 31st May 2017
  • Created:Wed 31st MAY 2017

  A start up based at Indian Institute of Technology Hyderabad (IITH) focusing on solar energy has signed a MoU with My Home Group. According to a release here on Tuesday, ...

MAY 31 2017

Karnataka eyes 400 MW rooftop solar plants

  • Our Bureau, The Hindu Business Line / Bengaluru, 31st May 2017 Published on : 31st May 2017
  • Created:Wed 31st MAY 2017

  Under Karnataka’s Solar Policy 2014-2021, the state has already allotted solar energy projects to the tune of 300 MW to farmers and this scheme is in progress with good ...

MAY 31 2017

Power Grid Corporation plans capex of Rs 25,000 crore for FY18

  • PTI, The Financial Express / Mumbai, 31st May 2017 Published on : 31st May 2017
  • Created:Wed 31st MAY 2017

  State-run Power Grid Corporation, which has reported a 22 per cent rise in standalone net profit for March 31 quarter at Rs 1,916.36 crore, has planned a capex of Rs 25,000 crore ...

MAY 31 2017

REC receives Rs 42,000 cr as repayments from discoms under UDAY

  • Vikas Shrivastava, The Financial Express / 31st May 2017 Published on : 31st May 2017
  • Created:Wed 31st MAY 2017

  Rural Electrification Corporation (REC) has received Rs 42,700 crore as repayment from state distribution companies under Ujjawal Discom Assurance Yojana (UDAY) after discoms raised ...

MAY 30 2017

Tangedco to procure wind power through reverse auction

  • Sanjay Vijaykumar, The Hindu / Chennai, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  The Tamil Nadu Generation and Distribution Company Limited (Tangedco) plans to procure 500 MW of wind power through reverse auction with a benchmark rate of Rs. 3.46 per ...