Power & Energy News Monthly Archive July 2017

JUL 29 2017

Power generation flat in June 2017 at 97 billion units

  • PTI, The Financial Express / Kolkata, 29th July 2017 Published on : 29th July 2017
  • Created:Sat 29th JUL 2017

  Power generation in June 2017 remained flat at 97 billion units on account of lower demand from distribution companies according to a credit rating agency. “Power generation ...

JUL 29 2017

IREDA gets RBI nod for masala bonds

  • Bhavika Nair, The Financial Express / 29th July 2017 Published on : 29th July 2017
  • Created:Sat 29th JUL 2017

  The Indian Renewable Energy Development Agency (IREDA) has received the Reserve Bank of India (RBI)’s approval for its masala bond issuance, two ...

JUL 29 2017

RP-Sanjiv Goenka group to focus on power distribution

  • Our Bureau, The Hindu Business Line / Kolkata, 29th July 2017 Published on : 29th July 2017
  • Created:Sat 29th JUL 2017

  RP-Sanjiv Goenka group will focus on electricity distribution than generation in the days to come. The group has 160 MW wind and solar capacities and is not planning aggressive ...

JUL 29 2017

Wind projects in peril as Andhra Pradesh, Karnataka rethink purchases

  • Anindya Upadhyay, Live Mint / New Delhi, 29th July 2017 Published on : 29th July 2017
  • Created:Sat 29th JUL 2017

  Two Indian states at the forefront of adding renewables to their power mix are backtracking on agreements for at least one gigawatt of wind projects and are seeking lower prices, ...

JUL 28 2017

ONGC says not liable to pay $1.57 billion dues to govt till litigation ends

  • Bureau, Live Mint / New Delhi, 28th July 2017 Published on : 28th July 2017
  • Created:Fri 28th JUL 2017

  State-owned explorer Oil and Natural Gas Corp. Ltd (ONGC) said on Thursday it was not liable to pay $1.57 billion profit-share dues to the government from the Panna-Mukta-Tapti ...

JUL 28 2017

ONGC takes step to increase natural gas production in Tripura

  • PTI, ETEnergyWorld / Agartala, 28th July 2017 Published on : 28th July 2017
  • Created:Fri 28th JUL 2017

   The Oil and Natural Gas Corporation is taking steps to increase production of natural gas in Tripura, a top ONGC official said today. "We need to double our production ...

JUL 28 2017

ONGC confirms government slapping it, RIL with $3.9 billion demand

  • PTI, ETEnergyWorld / New Delhi, 28th July 2017 Published on : 28th July 2017
  • Created:Fri 28th JUL 2017

  The government has slapped ONGC, Reliance Industries and Royal Dutch Shell with a demand of USD 3.9 billion (about Rs 25,487 crore) in dues following an arbitration award in its ...

JUL 28 2017

Ruias strike complex royalty deal with new owners of Essar Oil

  • Sugata Ghosh, ETEnergyWorld / Mumbai, 28th July 2017 Published on : 28th July 2017
  • Created:Fri 28th JUL 2017

  The Ruias have struck a complex royalty deal with the Russian government-owned company Rosneft and other investors that would acquire Essar Oil. The Ruias, as per the arrangement, ...

JUL 28 2017

ONGC first quarter net profit down 8.2 per cent

  • Bilal Abdi, ETEnergyWorld / New Delhi, 28th July 2017 Published on : 28th July 2017
  • Created:Fri 28th JUL 2017

  State-owned explorer Oil and Natural Gas Corp (ONGC), today posted 8.2 percent drop in standalone net profit for the quarter ended June on reduced gas price and higher ...

JUL 28 2017

India's reliance on coal to continue beyond 2047, says report

  • PTI, ETEnergyWorld / New Delhi, 28th July 2017 Published on : 28th July 2017
  • Created:Fri 28th JUL 2017

  India's dependence on coal will continue even after three decades from now with an estimated share of 42-50 per cent of the country's energy mix, said a report. The report, ...

JUL 28 2017

India's coal imports in first quarter fall 8.1 per cent on higher output

  • Debjoy Sengupta, ETEnergyWorld / Kolkata, 28th July 2017 Published on : 28th July 2017
  • Created:Fri 28th JUL 2017

  During April-June 2017-18, 52.74 million tonnes of coal was imported against 57.38 million tonnes in the corresponding previous period registering a 8.1% fall, ...

JUL 28 2017

Coal India Asks Five Arms to Save 40 mt for Auction under Shakti Scheme

  • Debjoy Sengupta, ETEnergyWorld / Kolkata, 28th July 2017 Published on : 28th July 2017
  • Created:Fri 28th JUL 2017

  Coal India has asked five of its seven subsidiaries to keep aside a total of 40 million tonnes of coal for auction to independent power producers under the Shakti ...

JUL 28 2017

Indian coal utilities seek state funds or tariff hike to cut emissions

  • Reuters, ETEnergyWorld / New Delhi, 28th July 2017 Published on : 28th July 2017
  • Created:Fri 28th JUL 2017

  Indian power companies are seeking billions of dollars of federal funding to retrofit coal-fired plants to cut emissions, saying hefty tariff increases would otherwise be needed to ...

JUL 28 2017

Indian coal utilities seek state funds or tariff hike to cut emissions

  • Sudarshan Varadhan, Live Mint / New Delhi, 28th July 2017 Published on : 28th July 2017
  • Created:Fri 28th JUL 2017

  Indian power companies are seeking billions of dollars of federal funding to retrofit coal-fired plants to cut emissions, saying hefty tariff increases would otherwise be needed to ...

JUL 28 2017

Over 13,000 consumers caught stealing power in Bareilly by UPPCL

  • Maria Khan, ETEnergyWorld / Bareilly, 28th July 2017 Published on : 28th July 2017
  • Created:Fri 28th JUL 2017

  During a three-month special drive launched by Uttar Pradesh Power Corporation Limited (UPPCL) to check power theft in Bareilly division, the department has found 13,068 consumers ...

JUL 28 2017

Haryana executing solar power-run micro irrigation project under PMKSY

  • PTI, ETEnergyWorld / Chandigarh, 28th July 2017 Published on : 28th July 2017
  • Created:Fri 28th JUL 2017

  The Haryana government is executing a unique solar power-run micro irrigation pilot project under the Pradhan Mantri Krishi Sinchai Yojna (PMKSY), an official said ...

JUL 28 2017

25 charging stations installed in Bengaluru for electric vehicles on a pilot basis: Piyush Goyal

  • Anisha Dutta, ETEnergyWorld / New Delhi, 28th July 2017 Published on : 28th July 2017
  • Created:Fri 28th JUL 2017

  As part of the government’s Faster Adoption and Manufacturing of Hybrid Electric Vehicles in India (FAME-India) scheme, 25 charging stations have been installed in Bengaluru, ...

JUL 28 2017

NYSE-listed Azure Power raises $500 million from sale of bonds

  • Mohit Bhalla, ETEnergyWorld / New Delhi, 28th July 2017 Published on : 28th July 2017
  • Created:Fri 28th JUL 2017

  NYSE-listed Azure Power has raised close to $500 million from a sale of bonds to overseas investors, but a similar offering of notes by rival renewable energy company Continuum ...

JUL 28 2017

Bengaluru street vendors can soon tap solar energy

  • TNN, ETEnergyWorld / New Delhi, 28th July 2017 Published on : 28th July 2017
  • Created:Fri 28th JUL 2017

  The National Association of Street Vendors of India estimates that there are around 30,000 street vendors in Bengaluru. Small businesses like these face innumerable challenges, ...

JUL 28 2017

Government has reviewed 34 stressed power projects with Rs 1.77 lakh crore debt: Goyal

  • Anisha Dutta, ETEnergyWorld / New Delhi, 28th July 2017 Published on : 28th July 2017
  • Created:Fri 28th JUL 2017

  Minister of power, coal, new & renewable energy and mines Piyush Goyal on Thursday said the government has reviewed the status of 34 stressed thermal power projects with an ...