Power & Energy News Monthly Archive May 2017

MAY 30 2017

States may auction under-construction wind power projects, further lowering tariffs

  • Mayank Aggarwal, Live Mint / New Delhi, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  The disruption caused by India’s low clean energy tariffs is playing out, with rating agency Crisil cautioning that the risk profile of wind projects will increase. In a ...

MAY 30 2017

India to witness 90 per cent growth in solar capacity in 2017: CII

  • Anisha Dutta, ETEnergyWorld / New Delhi, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  Lauding the efforts of the Modi government in setting up renewable energy capacity, industry body Confederation of Indian Industries (CII) has said the country is likely to witness ...

MAY 30 2017

ACME Group looking to raise capital by listing solar assets through InvIT

  • Pooja Sarkar, ETEnergyWorld / Mumbai, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  Delhi-based renewable energy and telecom solutions company ACME Group is planning to raise capital by listing its solar assets through infrastructure investment trust (InvIT) ...

MAY 30 2017

Solar power juggernaut to keep rolling despite higher taxes under GST

  • IANS, ETEnergyWorld / 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  The government's surprise announcement that solar photovoltaic cells and modules will attract a levy of 18 per cent under the Goods and Services Tax (GST) regime that comes into ...

MAY 30 2017

India to set up plants to cut down emissions from 122 Gigawatt coal-fired power projects

  • Debapriya Mondal, ETEnergyWorld / New Delhi, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  The government is planning to cut down harmful emissions at coal-fired power projects by setting up de-sulphurizing plants at their locations across the country. Divided ...

MAY 30 2017

New chemical can cut vehicle emission to zero: Inventors

  • TNN, ETEnergyWorld / Nagpur, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  A group of five people has claimed to have invented a chemical that can substantially reduce pollution caused by gases emitted by vehicles plying on roads. If successful, the ...

MAY 30 2017

Long associated with coal, NTPC seen as key to clean energy thrust

  • IANS, ETEnergyWorld / New Delhi, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  The state-owned conglomerate NTPC Ltd -- long associated with coal-fired power generation -- is poised to facilitate India's bid to achieve its ambitious national renewable energy ...

MAY 30 2017

Bihar announces mega renewable power policy; to add 3,400 MW in five years

  • Debapriya Mondal, ETEnergyWorld / New Delhi, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  The Bihar government has come up with a new renewable power policy for the state where it looks to set up over 3,400 Megawatt projects based on non-fossil fuel-based resources in ...

MAY 30 2017

Mumbai Port Trust plans solar unit, save on power costs

  • Chittaranajan Tembhekar, ETEnergyWorld / Mumbai, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  The city will start saving about 2 MW conventional coal power and nearly 3 MLD drinking water within next two years. Thanks to Mumbai Port Trust (MbPT) that will save on buying ...

MAY 30 2017

ONGC's onshore domestic crude production rises 2.4 per cent in 2016-17

  • PTI, ETEnergyWorld / Mumbai, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  The state-run ONGC has seen reversal in onshore domestic crude oil production as it increased to 5.97 MMT during the fiscal year ended March from 5.82 MMT in FY16, logging a growth ...

MAY 30 2017

Oil India fourth quarter net profit down 96 percent to Rs 19 crore

  • Bilal Abdi, ETEnergyWorld / New Delhi, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  State-owned Oil India Ltd today reported a 96 percent slump in net profit to Rs 19.31 crore for the fourth quarter ended March 2017 from Rs 470 crore in the corresponding quarter on ...

MAY 30 2017

Oil and gas firms say GST will impact production, expansion plans

  • Gireesh Chandra Prasad, Live Mint / New Delhi, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  Oil and gas producing companies on Monday told petroleum minister Dharmendra Pradhan that investments in the expansion of infrastructure networks including gas pipelines would ...

MAY 30 2017

Modis emphasis on clean fuels pays off: Fidelity, Aberdeen bet on natural gas retailers IGL, Gujarat Gas & Mahanagar Gas

  • Bureau, The Financial Express / Bllomberg, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  Fidelity Investments and Morgan Stanley Investment Management have increased exposure to Indian city-gas retailers, as Prime Minister Narendra Modi’s emphasis on clean fuels ...

MAY 30 2017

CIC hears 75 pleas of coal whistle-blower at one go

  • Manka Behl, ETEnergyWorld / Nagpur, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  The perseverance of 63-year-old whistle-blower Yugal Bhattad, a former employee of South-Eastern Coal Limited (SECL), has finally paid off. Relieved from his job four months before ...

MAY 30 2017

Coal India net declines 38% to 2,716 crore in Q4

  • Our Bureau, The Hindu Business Line / Kolkata, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  Coal India reported 38 per cent drop in net profit to 2,716 crore in the March quarter. The consolidated net for 2016-17 fiscal declined by 35 per cent to 9,266 ...

MAY 30 2017

New coal policy to benefit private independent power plants: ICRA

  • PTI, The Financial Express / New Delhi, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  The new coal allocation policy will benefit private independent power plants having combined capacity of 28 GW that were adversely affected by lack of fuel supply pacts, rating ...

MAY 30 2017

Coal scam: Parakh sees `weakening of cases in his new book

  • Our Bureau, The Hindu Business Line / Hyderabad, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  The cases related to coal block allocation scam were `weakened’ due to `undue’ haste in closure of the case, aaccording to former coal secretary P C ...

MAY 30 2017

Queensland says wont oppose infra funds for Adanis coal mine

  • PTI, The Financial Express / Melbourne, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  The Queensland government said today it will not oppose any direct infrastructure fund transfer from the Australian federal government for Adani group’s controversy-hit ...

MAY 30 2017

Kerala a totally electrified state, says CM Pinarayi Vijayan

  • K M Sree, ETEnergyWorld / Kozhikode, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  Kerala chief minister Pinarayi Vijayan said on Monday that the state should stop dependence on hydroelectric power. While declaring Kerala a totally electrified state, the chief ...

MAY 30 2017

Make policy changes to make open-access in power a reality: Hemant Kanoria

  • PTI, ETEnergyWorld / Kolkata, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  Urging for policy changes to make open-access in power sector a reality as lack of long term power purchase agreements is hurting commissioning of thermal power plants, India Power ...