Power & Energy News Monthly Archive May 2017

MAY 30 2017

Barring 6 states and Chandigarh, India to turn power surplus this fiscal

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

  Most parts of the country will have surplus power availability in the current financial year thanks to higher electricity generation, the Central Electricity Authority said. The ...

MAY 30 2017

India Power Corp to lift generation capacity

  • Avishek Rakshit, Business Standard / Kolkata, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  Although faced with tepid power demand from distribution companies (discoms) as the energy scenario in the country remains muted, India Power Corporation (IPC) is focusing on ...

MAY 30 2017

IDFC Alternatives eyes deals in stressed thermal power sector

  • Deborshi Cheki, Live Mint / Mumbai, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  IDFC Alternatives is looking to buy troubled thermal power plants as part of its strategy to aggregate small and medium-sized assets and sell them later to larger funds, a top ...

MAY 30 2017

5% GST on solar panels not to hurt renewable energy sector: report

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

  A likely decision by the powerful federal indirect tax body, the Goods and Service Tax (GST) Council, to levy 5% tax on solar panels instead of 18% proposed earlier could mean only ...

MAY 30 2017

Does NTPC need to find a new growth engine?

  • R Sree Ram, Live Mint / 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  NTPC Ltd has reported a steady performance for the March quarter. Revenue increased 11.5%, but profit from continuing operations dropped 25.5% on pay hike related expenses and an ...

MAY 30 2017

India Power eyeing acquisitions in thermal power projects

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

  India Power Ltd will explore acquisitions preferably for thermal power projects, Chairman, Hemant Kanoria said. The company is also open for acquisitions in the renewable ...

MAY 30 2017

Solar panel equipment to attract lowest GST rate of 5%: Hasmukh Adhia

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

  Solar panel equipment will attract the lowest tax rate of 5% under the goods and services tax (GST) regime, as against the initially proposed 18%, revenue secretary Hasmukh Adhia ...

MAY 30 2017

NTPC profit plunges 25% in Q4 on investment impairment in Ratnagiri Gas

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

  NTPC Ltd reported a dip in net profit for the fourth quarter of 2016-17. In a filing to the exchanges, NTPC said that the Profit After Tax for the quarter stood at 2,079.40 crore, ...

MAY 30 2017

Tata Power Solar revenue doubles to Rs. 2,262 cr

  • Ksenia Kondratieva, The Hindu Business Line / Mumbai, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  Tata Power Solar, formerly known as Tata BP Solar and a wholly-owned subsidiary of Tata Power, has more than doubled its revenue to Rs. 2,262 crore in two years, the company said in ...

MAY 30 2017

24-hour power supply to farm sector in TS by 2018-end

  • Special correspondent, The Hindu / Hyderabad, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  The Telangana Government is planning to provide round-the-clock (24-hour) power supply to agriculture sector from 2018-end by strengthening the transmission and distribution network ...

MAY 30 2017

World Bank to extend $240 mn credit for APs Power for All project

  • V Rishi Kumar, The Hindu Business Line / Hyderabad, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  The World Bank has announced $ 240 million credit line to support Andhra Pradesh Government's effort to provide 24x7 quality and affordable power to its citizens. The loan ...

MAY 30 2017

4.70 lakh new power connections in State

  • Staff Reporter, The Hindu / Kasargod(kerala), 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  The LDF government has managed to provide 4.70 lakh fresh electricity connections as it completes first year in office, turning Kerala into a fully electrified State, Power Minister ...

MAY 30 2017

Revival of hydroelectric power projects a priority: Minister

  • Staff Reporter, The Hindu / Kozhikode, 30th May 2017 Published on : 30th May 2017
  • Created:Tue 30th MAY 2017

  Minister for Power M.M. Mani has said the State government will give priority to the revival of pending hydroelectric power projects in the State as it is the most viable option to ...

MAY 29 2017

ONGC creates history: Employees summit Mount Everest

  • ETEnergyWorld, ETEnergyWorld / New Delhi, 29th May 2017 Published on : 29th May 2017
  • Created:Mon 29th MAY 2017

  Three ONGC employees - Yogendar Garbiyal, N Jagoi and Rahul Jarngal -- created history by summiting the Mount Everest (8848 metres) today under the guidance of Border Security Force ...

MAY 29 2017

IOC seeks 2,700 acres to expand Paradip petrochem project

  • Jayajit Dash, Business Standard / Bhubaneshwar, 29th May 2017 Published on : 29th May 2017
  • Created:Mon 29th MAY 2017

  Undeterred by its stand-off with the Odisha government over the award of fiscal incentives to its oil refinery project at Paradip, the Indian Oil Corporation (IOC) has asked for an ...

MAY 29 2017

ONGC looking to aggressively expand acreage under exploration

  • Gireesh Chandra Prasad, Live mint / 29th May 2017 Published on : 29th May 2017
  • Created:Mon 29th MAY 2017

  With a steady rise in domestic fossil fuel consumption making the country’s target of cutting import dependence on oil more challenging, state-run Oil and Natural Gas Corp. ...

MAY 29 2017

The Mahanagar Gas stock gets a bit gassy

  • Pallavi Pengonda, Live Mint / 29th May 2017 Published on : 29th May 2017
  • Created:Mon 29th MAY 2017

  It’s not even a year since Mahanagar Gas Ltd (MGL) listed on the bourses and investors have already hit the jackpot. Since listing on 1 July, the MGL stock has more ...

MAY 29 2017

Reliance Industries eyes 10% market share in fuel retail

  • Kalpana Pathak, Live Mint / Mumbai, 29th May 2017 Published on : 29th May 2017
  • Created:Mon 29th MAY 2017

  Reliance Industries Ltd (RIL) is targeting doubling its market share in fuel retail in the next two-three years as it expands the business, two people aware of the plan said. RIL ...

MAY 29 2017

IOC overtakes ONGC to become Indias most profitable PSU

  • PTI, The Financial Express / New Delhi, 29th May 2017 Published on : 29th May 2017
  • Created:Mon 29th MAY 2017

  Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India’s most profitable state-owned company. IOC, which has for decades been India’s ...

MAY 29 2017

Natural gas production no longer profitable business: ONGC

  • PTI, The Financial Express / New Delhi, 29th May 2017 Published on : 29th May 2017
  • Created:Mon 29th MAY 2017

  State-owned Oil and Natural Gas Corp (ONGC) has said that producing natural gas is no longer a profitable business for the company as the government-mandated gas price is ...