Power & Energy News Monthly Archive August 2017

AUG 31 2017

IOCs first domestic exploration asset commences production in Assam

  • ETEnergyWorld, ETEnergyWorld / New Delhi, 31st August 2017 Published on : 31st August 2017
  • Created:Thu 31st AUG 2017

  Indian Oil Corporation (IOC), the country’s largest fuel retailer, announced it has commenced production of gas and condensate from its Pre-New Exploration Licensing Policy ...

AUG 31 2017

Surya Roshni looking for a new owner; Warburg Pincus, Crompton Greaves eye controlling stake

  • Indulal PM, ETEnergyWorld / Mumbai, 31st August 2017 Published on : 31st August 2017
  • Created:Thu 31st AUG 2017

  Homegrown lighting solutions brand Surya Roshni — remembered for the 1990s television commercials featuring Renuka Shahane, Shweta Tiwari, and Preity Zinta — is looking ...

AUG 31 2017

ONGC to seek shareholders' nod to raise Rs 25,000 crore for HPCL buy

  • Sanjeev Choudhary, ETEnergyWorld / New Delhi, 31st August 2017 Published on : 31st August 2017
  • Created:Thu 31st AUG 2017

  Oil and Natural Gas Corp (ONGC) will soon seek shareholders’ approval to raise a debt of Rs 25,000 crore to fund the planned acquisition of Hindustan Petroleum Corp ...

AUG 31 2017

Indian Oil mulling Rs 1.8 lakh crore investment over 5-7 years

  • Bilal Abdi, ETEnergyWorld / New Delhi, 31st August 2017 Published on : 31st August 2017
  • Created:Thu 31st AUG 2017

  Indian Oil Corporation (IOC), the country’s largest fuel retailer, has plans to invest around Rs 1.8 lakh crore over the next five to seven years in asset creation, ...

AUG 31 2017

Would the Paradip refinery tax issue resolution benefit IOC?

  • ETEnergyWorld Exclusive, ETEnergyWorld / New Delhi, 31st August 2017 Published on : 31st August 2017
  • Created:Thu 31st AUG 2017

  Days after the government announced it has successfully resolved the dispute between Indian Oil Corp (IOC) and Odisha government over tax incentives for the flagship Rs 40,000 crore ...

AUG 31 2017

Adani project moving at slow pace, says Australian trade minister

  • Kritika Suneja, ETEnergyWorld / New Delhi, 31st August 2017 Published on : 31st August 2017
  • Created:Thu 31st AUG 2017

  Australia’s trade minister on Wednesday said that Adani Group's $16.5-billion Carmichael coal project is moving ahead but slower than what his government would have ...

AUG 31 2017

MSEDCL plans 5 new sub-stations across Pune dist

  • Pune Mirror, ETEnergyWorld / Pune, 31st August 2017 Published on : 31st August 2017
  • Created:Thu 31st AUG 2017

  For the last few months, there have been several incidents of electricity supply been disturbed in various parts of the city. To supply extra electricity, the Maharashtra State ...

AUG 31 2017

Hydro generation grew 2.14 per cent in July as reservoir storage levels dip to 51 per cent

  • Anisha Dutta, ETEnergyWorld / New Delhi, 31st August 2017 Published on : 31st August 2017
  • Created:Thu 31st AUG 2017

  India’s hydro power generation grew 2.14 per cent to 15.41 Billion Units (BU) in the month of July as compared to 15.08 BUs in the corresponding month last year, fresh data ...

AUG 31 2017

Jharkhand CM Raghubar Das lays foundation stone for power transmission line

  • PTI, ETEnergyWorld / Garhwa(Jharkhand), 31st August 2017 Published on : 31st August 2017
  • Created:Thu 31st AUG 2017

  Jharkhand Chief Minister Raghubar Das laid the foundation stone for 220/132 KV and 132/33 KV grid sub-station's transmission line at Bhagodih village of Ramna block in Garwha ...

AUG 31 2017

Inox Wind bags 100 Megawatt project from Adani Green Energy

  • PTI, ETEnergyWorld / New Delhi, 31st August 2017 Published on : 31st August 2017
  • Created:Thu 31st AUG 2017

  Wind turbine maker Inox Wind today said it had bagged an order from Adani Green Energy to develop a 100 MW wind power project in Gujarat. "The company has closed a deal for ...

AUG 31 2017

ABB Indias solar inverters supply crosses 5,000 Megawatt mark

  • ETEnergyWorld, ETEnergyWorld / New Delhi, 31st August 2017 Published on : 31st August 2017
  • Created:Thu 31st AUG 2017

  ABB India, the Indian arm of Swedish-Swiss multinational corporation ABB, today announced it has crossed the 5,000 Megawatt mark of the capacity of solar inverters supplied in ...

AUG 31 2017

Power tariff may go up in Punjab as state regulator calls for consultations

  • Manish Sirhindi, ETEnergyWorld / Patiala, 31st August 2017 Published on : 31st August 2017
  • Created:Thu 31st AUG 2017

  After a relief of over two years for consumers, the Punjab State Electricity Regulatory Commission (PSERC) has started the process to hike power tariffs. Revision of tariffs is ...

AUG 31 2017

Second auction of wind power projects: Tariff tumbles to Rs 3.42 a unit

  • Shreya Jai, Business Standard / New Delhi, 31st August 2017 Published on : 31st August 2017
  • Created:Thu 31st AUG 2017

  Six months after the first auction of projects, the second one has seen wind power tariff falling to a record low of Rs 3.42 per unit. The three companies that have qualified in the ...

AUG 31 2017

India's dodgy energy contracts risk turning away investors

  • Bureau, ETEnergyWorld / Bloomberg, 31st August 2017 Published on : 31st August 2017
  • Created:Thu 31st AUG 2017

  Falling renewable energy tariffs in India have prompted some state governments to tell generators that they can't buy the energy at prices agreed upon, exposing the businesses to ...

AUG 31 2017

GJ Nature Care, GJ Eco Power to set up waste-to-energy projects

  • Our Bureau, The Hindu Business Line / Kochi, 31st August 2017 Published on : 31st August 2017
  • Created:Thu 31st AUG 2017

  UK-based firms GJ Nature Care & Energy (GJNCE) and GJ Eco Power (GJEP) plan to invest close to 1,500 crore over a period of five years in waste-to-energy projects across South ...

AUG 31 2017

Govt bars states from independently exiting, modifying solar project pacts

  • Mohi Narayan, Live Mint / New Delhi, 31st August 2017 Published on : 31st August 2017
  • Created:Thu 31st AUG 2017

  India has barred state authorities from unilaterally cancelling or modifying solar power purchase agreements (PPAs) after six state governments in last two months pushed developers ...

AUG 31 2017

Narendra Modi government sells 7 pct NTPC stake to raise Rs 9,100 cr

  • FE Bureau, The Financial Express / 31st August 2017 Published on : 31st August 2017
  • Created:Thu 31st AUG 2017

  The government has received bids for 7% stake in the country’s largest power producer NTPC, which will fetch about Rs 9,100 crore to the exchequer. At the end of the ...

AUG 31 2017

NTPC signs Rs 3,000 cr term loan agreement with ICICI Bank

  • PTI, The Financial Express / New Delhi, 31st August 2017 Published on : 31st August 2017
  • Created:Thu 31st AUG 2017

  State-owned NTPC today said it has signed a term loan agreement for Rs 3,000 crore with ICICI Bank for partially funding its capital expenditure. “A term loan ...

AUG 30 2017

Centre set to jump start privatisation process after 13 years

  • Prasanta Sahu, The Financial Express / Kolkata, 30th August 2017 Published on : 30th August 2017
  • Created:Wed 30th AUG 2017

  The government, which had drawn up a plan for strategic sales in 20-odd PSUs including profitable ones such as Bharat Earth Movers (BEML), is now ready to jump-start the process. If ...

AUG 30 2017

Indian Oil revamping Mourigram terminal to meet safety norms

  • PTI, ETEnergyWorld / Howrah, 30th August 2017 Published on : 30th August 2017
  • Created:Wed 30th AUG 2017

  Maharatna PSU Indian Oil Corporation is in the process of revamping its Mourigram oil terminal to meet additional safety standards as per norms. "The Mourigram terminal is a ...