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HARNESSING ENERGIES IN UNIVERSE

A MAN’S OWN SELF IS HIS FRIEND, A MAN’S OWN SELF IS HIS FOE – BHAGAVAD GITA.

THE MIND IS ITS PLACE, AND IN ITSELF, CAN MAKE HEAVEN OF HELL, OR HELL OF HEAVEN- EMOTIONAL INTELLINGENCE

WHEN MIND IS WEAK Read More +

Power market beats pandemic, April trade up 90.2 per cent YoY

New Delhi: Continuing its exceptional performance during the last fiscal, the electricity market at the Indian Energy Exchange entered the new fiscal year 2022 with 7707 MU volume in April 2021, achieving a 90.2 per cent YoY growth.

Real-time power market will be ideal in dealing with variability and sudden demand surge: Rohit Bajaj, IEX

New Delhi: The 15-minute power trading window that will be available for companies engaging in spot electricity trade at the Indian Energy Exchange (IEX) beginning 1 June will help market participants in times of high Read More +

The Next Phase of India’s Renewable Energy Transition

In the midst of the coronavirus crisis, 2020 is shaping up as a pivotal year in India’s transition toward renewable energy. Over the prior decade, India dramatically accelerated its deployment of wind and solar power (see figure 1). Now it m Read More +

OPINION: RTC Renewable Energy as the new normal - Learnings from Karnataka and Tamil Nadu

New Delhi: Recent months have seen several unprecedented events affecting the society as well as the economy. The energy sector has witnessed a sharp dip in its demand, impacting the utilities all along the value chain. Phase-I of the lo Read More +

Power minister proposes a new scheme worth Rs 3 lakh crore to finance commission

Power minister RK Singh proposed a new scheme for the power sector amounting to Rs 3 lakh crore spanning five years, in his meeting with the 15th Finance Commission (FC) on Friday.

Offic Read More +

Round-the-clock renewable energy tenders worry developers

Bengaluru: Renewable energy developers are uneasy about the government’s recent focus on round-the-clock solar and wind tenders, as they feel this may not be workable in practice.

The ministry of new and renewable Read More +

MNRE may now hold auctions only for RTC and hybrid projects

Green energy developers in India have been supplying whatever power they generate right away to the grid, and since most have not invested in storage facility, the supply is intermittent. Continuous supply requires setting up of storage batteries, Read More +

Siemens says parent transfers 24 per cent stake in company to energy subsidiary

New Delhi: Siemens India’s promoter group rejigged its holding in the company as the German parent Siemens AG transferred 24% stake in the Indian arm to subsidiary Siemens Gas and Power Holding BV in line with the conglomerate Read More +

India to be largest energy growth market by 2030 Dharmendra Pradhan

NEW DELHI: India will overtake China as the largest growth market for energy in volume terms by 2030, Oil Minister Dharmendra Pradhan said on Friday. India, Asia's second biggest energy consumer since 2008, had in 2015 over Read More +

SBI Chairman identifies solar, city gas, oil as bright spots for funding

NEW DELHI: SBI Chairman Rajnish Kumar on Saturday stressed that there is an adequate availability of funds with the banking system but he does not find enough projects where investment is being sought.

Read More +

Thermal power plants in Koradi, Nashik among 12 NPAs in country

Nagpur: State-owned Koradi Thermal Power Station (KTPS) is among the country’s 12 non-performing assets in thermal power sector, reveals latest analysis by the Institute for Energy Economics and Financial Analysis (IEEFA) Read More +

Rajasthan launches new policies for solar, wind and hybrid energy

Jaipur: The Rajasthan government on Thursday launched new schemes and policies to promote industrial development, investment, solar energy, wind energy and small scale industries in the state.

Chi Read More +

Societies under Pradhanmatri Aawas Yojna all set to go green

RAJKOT: The housing societies built for the people of lower income group under the Pradhanmatri Aawas Yojna (PAY) are all set to go green. The Rajkot Municipal Corporation (RMC) on Saturday begun a pilot project with insta Read More +

Nagpur More energy to renewables, more power to coal plants too

Nagpur: In his speech at the United Nations COP25 climate summit last week, Union environment minister Prakash Javadekar announced that India was close to halfway towards meeting its 2022 target of installing 175GW renewab Read More +

Temple in Gujarat switches to solar power, uses saved money to fund college

Surat: In a bid to save on electricity usage, the management of Badrinarayan temple in Gujarat's Surat district has switched to using solar power for managing shrine's energy consumption and are utilising the money thus Read More +

Independent power producers allowed to use Coal India supplies across plants

KOLKATA: Independent power producers will now be allowed to use contracted fuel supply from Coal India at any plant run by the same group, a senior executive at the state-run firm said.

This is expecte Read More +

Power ministry unveils norms for allocating coal linkage to plants without PPAs

New Delhi: Power plants not having power purchase agreements (PPAs) will start getting coal supplies or linkages under auctions from Coal India Ltd and Singareni Collieries Company Ltd in few months, which would help Read More +

Coal India ranks 8th on world's top 20 carbon emitters

New Delhi: Coal India has been ranked eighth on the list of top 20 companies responsible for global carbon emissions from 1965-2017, according to a recent dataset released by US-based Climate Accountability Institute.

Inox Wind zooms over 13% after SECI grants extension for Gujarat project

New Delhi: Inox Wind shares on Monday surged over 13 per cent after the company got an extension from SECI for commissioning of a wind power project in Gujarat. Shares of the wind energy solutions provider were t Read More +

Coal India fetches 62 per cent premium at spot auctions in October

Kolkata: Coal India has managed to command a premium of 62% premium over notified prices for coal sold through spot e-auctions conducted in October. During September the company managed to fetch 82% premium over notified prices Read More +

Cairn Oil and Gas second quarter production disappoints; Cuts FY20 guidance

New Delhi: Vedanta-owned Cairn Oil and Gas, the country’s largest upstream player in the private sector, has posted a 4 per cent decline in average gross production to 178,744 barrels of oil equivalent per day (boepd) during the second Read More +

PM Narendra Modi asks cabinet secretary to sort green corridor’s land, forest issues

New Delhi: Prime Minister Narendra Modi has deputed cabinet secretary Rajiv Gauba to resolve issues of land, right of way and forest clearances that Modi said at a recent meeting were hampering the progress of the government&rs Read More +

Trump energy pick faces questions on coal, nuclear power

WASHINGTON: President Donald Trump's pick to run the U.S. Energy Department faced questions on emissions from energy operations and the future of nuclear power at his U.S. Senate confirmation hearing on Thursday, but was greeted warmly by Read More +

Govt mulling to cut stake in IOC to below 51 percent

New Delhi: The government may cut its stake to below 51 percent in the Indian Oil Corporation, ET NOW reported quoting agencies. ET Now in a report said the government is looking to become a minority shareholder in the company. It c Read More +

India to invite foreign firms to invest in state-owned oil companies

ABU DHABI: International energy firms will be invited to participate in India's privatisation of state-owned oil companies, the country's Oil Minister Dharmendra Pradhan said late on Monday.

Pradhan said Read More +

Renewables to account for 55 percent of energy mix by 2030 Minister

New Delhi: Power minister R K Singh told a meeting of BRICS energy ministers. He said the country will also exceed its target of installing 200 GW of renewable energy capacity in 2022.

India has already installe Read More +

Solar developer can set up higher generation capacity than contracted MNRE

New Delhi: The renewable energy ministry on Wednesday clarified that solar energy developers can install additional direct current (DC) capacity which can be higher than the contracted alternate current (AC) capacity. Read More +

Allocate 60,000 hectares for solar & wind park on priority, Centre tells Gujarat

GANDHINAGAR: The central government on Wednesday directed the state government to hasten the allocation of 60,000 hectares of land for the solar and wind park project in Kutch district. The project is expected to attract an&nbs Read More +

Coal India advances target for one billion tonnes production by two years to 2024

KOLKATA: Coal India has decided to advance its target year for achieving an annual production capacity of one billion tonnes by two years -- 2024.

The company was earlier planning to achieve the target by 2019-2 Read More +

Germany ready to provide 1 billion euros to India for green urban mobility

NEW DELHI: India and Germany on Friday agreed to provide financial support to climate initiatives aimed at reducing greenhouse gas emissions, with the latter expressing its readiness to provide one billion euros to India for green urban Read More +

Nuclear Power Corp of India says detected malware in its systems

NEW DELHI: State-run Nuclear Power Corp of India Ltd (NPCIL), which runs nuclear reactors across the country, said on Wednesday it had identified malware in one of its computers last month but its plant systems were u Read More +

Regulator weighs moving to gas entry-exit tariff model

NEW DELHI: The Petroleum and Natural Gas Regulatory Board (PNGRB) is considering a gas transmission tariff reform that would allow the tariff to be fixed separately for each entry and exit point of the pipeline, a shift from the current Read More +

India's thermal coal import likely to cross 200 million tonne in 2019-20

NEW DELHI: The country's overall thermal coal import is likely to cross the 200-million tonnes (MT) mark in the current financial year, according to Icra.

"Thermal coal imports expected to cross 200 MT in Read More +

Climate change may cause water scarcity for India's power plants: Study

Washington: Climate change and over-tapped waterways may leave developing countries in Asia, such as India and China, without enough water to cool power plants in the near future, according to a study.

The stu Read More +

Solar energy: 29 govt colleges pay zero sum on electricity

Jaipur: Taking a major leap in harnessing solar power, state’s 29 government colleges are fulfilling their 100% power needs through solar energy. The solar panels were set up in these colleges in 2017-18 under the previous governme Read More +

Coking coal shipments rise 15 per cent to 29 MT at 12 state-run ports in Apr-Sept

New Delhi: Coal shipments handled by India's 12 major state-run ports during April-September rose by 15.25 percent to 29.29 million tonnes (MT), according to a ports' body. The state-run ports had handled 25.41 MT of coking Read More +

Delhi's power discoms penalised for defaulting on green power obligations

NEW DELHI: Delhi's power regulator DERC has imposed penalties to the tune of Rs 1.71 crore on discom TPDDL and Rs 2.88 crore each on BYPL and BRPL for defaulting on renewable energy purchase obligations (RPO) for three fina Read More +

Govt launches portal for improving coal supply coordination to power plants

New Delhi: The government on Thursday launched a portal for transparency and better coordination among stakeholders, including Coal India Ltd, Indian Railways, power utilities and, ministries of coal and power, for coal supplies to Read More +

Tamil Nadu: As dams fill up, hydro power generation rises

CHENNAI: For the first time in years, more power was generated by hydel stations in the state than thermal power plants on Saturday. In fact, green power — hydro, wind, solar and biomass — generation was close to ha Read More +

India’s oil imports from Iraq jumped 53 per cent in August

New Delhi: Sanction-hit Iran’s fear of losing market share to other members of the Organization of Petroleum Exporting Countries (OPEC) seems to be coming true with one of its biggest buyers – India - gradually turning towards Ira Read More +

India bets big on EVs in push for green transport

New Delhi: The electrification of two-wheelers and buses in India has already picked up the pace, but the country also wants to become a major market for electric cars by 2030. The target is to have 30 percent of all cars on the road to be EVs. Read More +

India shelves plan on countrywide ban on single-use plastic products

NEW DELHI: India has held off imposing a blanket ban on single-use plastics to combat pollution, officials said on Tuesday, a measure seen as too disruptive for the industry at a time when it is coping with an economic slowdown and job losses.

Infosys wins UN Global Climate Action Award for 'carbon neutral now' category

Bengaluru: Digital services and consulting major Infosys has won the United Nations Global Climate Action Award in 'carbon neutral now' category, becoming the only Indian corporate to earn the recognition for its effort Read More +

Saudi Arabia to invest $100 billion in India in petrochem, infra, mining

New Delhi: Saudi Arabia, the world's biggest oil exporter, is looking at investing USD 100 billion in India in areas of petrochemicals, infrastructure, and mining among others, considering the country's growth potential.

Submit report on pollution due to fly ash in Faridabad- NGT

New Delhi: The National Green Tribunal has sought a report on a plea alleging release of fly ash in the environment by a thermal power plant operated by the Haryana Power Generation Corporation Limited in Faridabad di Read More +

Gujarat- Vadodara leads in solar rooftop power applications

Vadodara: Barodians are becoming quick to embrace renewable energy. State energy minister, Saurabh Patel revealed on Thursday that Vadodara tops the list of cities in Gujarat that have registered for the rooftop solar installat Read More +

Tata Power decommissions 500-MW unit at Trombay in Mumbai citing high cost

MUMBAI: Tata Power Company has decommissioned ‘Unit 6’ of 500 megawatts at its Trombay thermal power plant in Mumbai, citing the high cost of generation and its inability to get a power purchase agreement after the Read More +

ED attaches Rs 20 cr assets of private firm, its director in coal block allocation scam

Satna (Madhya Pradesh): The Enforcement Directorate (ED) has attached movable and immovable assets worth Rs 20.22 crore of Revati Cements Pvt Ltd (RCPL) and its director under Prevention of Money Laundering Act (PMLA) in coal b Read More +

MP govt plans to privatise power to cut down losses

Bhopal: The state government is gradually trying to implement its plan to privatize power in the state. In the past 20 days, two major firms have given a presentation before the government and suggested their models that could help the g Read More +

Gujarat to generate 30,000 Mw of renewable energy by 2022, says minister

Bharuch/Surat: Gujarat plans to generate 30,000 megawatts of renewable energy by 2022 and hence the state government is coming up with several reforms and initiatives in the renewable energy sector, energy minister Sa Read More +

Telangana- Coal miners to get Rs 1 lakh for Dasara

HYDERABAD: The Telangana government has announced Rs 1 lakh bonus as a Dasara gift to workers and employees of Singareni Collieries Company Limited (SCCL), a coal mining company jointly owned by the state an Read More +

Karnataka offers lower power tariff & timely plot possession to attract business

Kolhapur: Industrialists and entrepreneurs from Kolhapur and Sangli districts have evinced interest in expanding their businesses to Karnataka after meeting Jagdish Shetter, the industries minister of the southern sta Read More +

Solar power cheaper in Telangana now- Minister

Hyderabad: Energy minister G Jagadish Reddy on Tuesday said the Telangana government was studying the latest available technologies to store solar energy in the state.

The minister, while replying to questions from TRS& Read More +

Russia's largest petroleum firm Rosneft to increase investment in Nayara Energy project

New Delhi: Russia's largest petroleum company Rosneft on Tuesday committed to increasing its investments at its petrochemical unit in Vadinar refinery for the development of Nayara Energy project in Gujarat.

Power generation cos outstanding dues on discoms rises by 57 per cent to Rs 73,748 crore in July

New Delhi: The outstanding dues of distribution utilities from power producers have risen by more than 57 percent to Rs 73,748 crore in July 2019 compared to the same month last year, showing stress in the sector. According to PRAA porta Read More +

India gifts solar panels to UN, one each for 193 member states

New Delhi: Signifying its commitment to sustainability and climate action, India has gifted solar panels -- one each for the 193 UN member states -- that are being installed on the roof of the United Nations headquarters here.

Th Read More +

Solar plant encroaching on irrigation canals- TN Farmers

Tirupur: Farmers of Amanthakadavu village in Tirupur district have alleged that a private company has encroached on irrigation canals and poramboke lands to set up a solar plant.

The district rural development agen Read More +

India's diesel demand in August falls to a 10-month low

New Delhi: A broad decline in automobile sales coupled with excess rainfall and floods in some parts of the country may have finally caught up with diesel demand in India, which fell to its lowest level in 10 months to 6,116 Thousand Metric Tonne Read More +

India's fuel demand rose 2.8 percent year-on-year in August

New Delhi: India's fuel demand rose 2.8 percent in August compared with the same month last year.

Consumption of fuel, a proxy for oil demand, totaled 17.04 million tonnes, data from the Petroleum Planning and Analy Read More +

Arunachal Pradesh- 7 district headquarters reeling under power crisis

ITANAGAR: Headquarters of seven districts of eastern and central Arunachal Pradesh has been reeling under severe power crisis for three days due to a fault in a transmission line, a senior power department official said here on Read More +

Dharmendra Pradhan in Moscow where the Indian oil minister was holding the last round of Sherpa talks for the 20th bilateral summit between prime minister Narendra Modi and president Vladimir Putin at Vladivostok next week.

TOI’s Sanjay Dutta caught up with Dharmendra Pradhan in Moscow where the Indian oil minister was holding the last round of Sherpa talks for the 20th bilateral summit between prime min Read More +

Kerala State electricity board invites E Tender for roof top solar project

Thiruvananthapuram: The Kerala State Electricity Board has invited e-tenders for the 200MW rooftop solar power project aimed at enhancing the state's renewable energy generation capacity in the future. Read More +

India’s coal-based power capacity at risk from rising renewables, water shortages

New Delhi: India’s coal-based power generation capacity is facing increasing pressure due to the rise of low-cost renewables, over-capacity and water shortages, according to a report released today by the Institute for Energy Econo Read More +

India, Russia decide to expand bilateral trade to $30 bn by 2025

Vladivostok: India and Russia on Wednesday decided to step up industrial cooperation and create new technological and investment partnership, especially in advanced high-tech areas, with an aim to increase bilateral trade to $30 billion by 20 Read More +

Charging ahead? India's electric car revolution faces bumps

NEW DELHI: Paritosh Mitra, who drives a motorized rickshaw in Delhi, knows what he wants next and has saved 100,000 rupees ($1,390) to get it: an electric rickshaw.

But he won't buy one until it comes with all the basic Read More +

Coal stocks at 47 power plants reach critical levels

KOLKATA: Coal stocks have fallen at as many as 47 thermal power plants, with total installed capacity of 67,000 mw, to be barely enough for up to six days. These include a dozen plants which have just two days’ stocks, eight t Read More +

Nuclear power generation up 12 percent in Asia

KOLKATA: Nuclear power generation grew most rapidly in Asia, where generation increased 12%, up 56.3 TWh to 533.0 TWh, now more than one-fifth of global generation. Worldwide nuclear generation increased for the sixth successive year, re Read More +

Air India may cancel some flights if fuel crisis continues

Pune: Air India may cancel its flights at affected airports if the ongoing fuel crisis continues. Senior employees of the national carrier said a decision will be reached at a meeting on Friday. 

On Augus Read More +

India's 2nd largest single-site oil refinery in Jamnagar gets CISF security cover

NEW DELHI: An armed contingent of over 100 CISF commandos has taken over counter-terror security duties at the country's second largest single-site oil refinery in Gujarat's coastal district of Jamnagar.

The ref Read More +

Amit Shah flags off first fleet of eco-friendly electric buses in Ahmedabad

Ahmedabad (Gujarat): The ride in public transport buses in Ahmedabad will now be smoother and eco-friendly as Union Home Minister Amit Shah in the afternoon today flagged off the first fleet of eco-friendly electric buses  Read More +

India’s crude oil imports from Iraq, Nigeria, Saudi Arabia, and US jumped highest in Q1 FY2o

New Delhi: India has increased its reliance of crude oil from Iraq, Saudi Arabia, Nigeria, and the United States at a time when two of its major oil suppliers Iran and Venezuela are facing sanctions by the United States, fresh data published by co Read More +

46,000 Mw of new renewable energy capacity to come up in Gujarat

New Delhi: Around 46,000 Megawatt (Mw) of fresh renewable energy generation capacity is likely to be set up in Gujarat by 2030 taking the share of green energy in the state's total capacity to 70 percent, according to a study re Read More +

ONGC to drill 46 wells in Mehsana Asset at the cost of Rs 500 crore

New Delhi: Oil and Natural Gas Corporation (ONGC), the country’s largest producer of oil and gas is planning to drill 46 exploratory wells in 12 onshore Mining Lease (ML) blocks in Mehsana district in Gujarat at the cost of Rs 500 crore.&nbs Read More +

13 UP districts to get 650 electric buses

BAREILLY: In an attempt to improve public transport and curb air pollution caused by vehicle emission, the UP government has decided to introduce battery-driven electric buses in the urban areas of as many as 13 districts.

Read More +

Solar power- India appeals against certain parts of rulings by WTO dispute panel

NEW DELHI: India is challenging certain parts of rulings given by the WTO's dispute settlement panel on a solar case against the US, according to a communication by the World Trade Organization. Though India has won this case against Read More +

Environment Ministry relaxes lease rent on wind power projects

New Delhi: In a bid to boost investments in wind power projects and provide clean energy at cheaper rates, the Environment Ministry on Thursday decided to relax the lease rent of Rs 30,000 per megawatt charged mandatorily from Read More +

Coal burning- India largest SO2 emitter in world, says Greenpeace

New Delhi: India is the world's largest emitter of anthropogenic sulfur dioxide, which is produced from coal burning, and greatly contributes to air pollution, a study claimed on Monday. 

According to an analys Read More +

Madhya Pradesh- Subsidised power scheme scope expanded, 1 cr to benefit

Bhopal: The Madhya Pradesh government has decided to provide electricity at Rs one per unit to all domestic consumers using up to 100 units every month, with an upper cap of 150 units. 

The proposal was cleared at Read More +

Solar power dispute- US appeals against WTO panel's ruling in favour of India

New Delhi: A ruling given by the WTO's dispute settlement panel on renewable energy or the solar sector in favour of India has been challenged by the US in the upper body of the World Trade Organization. 

Read More +

India increases oil and gas bidding window to three times a year

New Delhi: In a bid to increase participation in India’s ongoing oil and gas bidding rounds held under the Open Acreage Licensing Programme (OALP), the government has now increased the Expression of Interest (EoI) submiss Read More +

Coal India's 54 mining projects facing delays

NEW DELHI: State-owned CIL's 54 coal mining projects are facing delay due to various reasons such as contractual issues and delay in green clearances among others, the world's largest coal miner said. "A total of 1 Read More +

ONGC investing Rs 83,000 cr in 25 projects; cumulative oil, gas gain over 180 MT

NEW DELHI: State-owned CIL's 54 coal mining projects are facing delay due to various reasons such as contractual issues and delay in green clearances among others, the world's largest coal miner said. "A total of 1 Read More +

Green projects hit but 60% of Rs 1 lakh crore in coal cess sits idle

NEW DELHI: More than 60% of the Rs 1 lakh crore collected through carbon tax on coal remains unutilized seven years after the levy was imposed to fund green energy transition, while transmission projects for upcoming solar and  Read More +

Govt planning mega renewable energy projects like UMPPs

New Delhi: The government is planning large renewable energy projects like the coal-based ultra-mega power project s (UMPPs) through the public-private-partnership route.

The renewable power projects may include any ren Read More +

No bidders for NTPC's tender for 1,200 MW solar projects

BENGALURU: NTPC’s latest tender for solar projects for 1,200 MW found no bidder, the first total rejection by project developers since the navratna state firm started inviting bids for renewable energy, forcing it to extend the dea Read More +

One year after safeguard duty was imposed, results have been disappointing

BENGALURU: One year after India imposed an additional import duty on solar cells and modules to stimulate local production and reduce dependence on imports, no new domestic manufacturing unit has been set up, according to a renewabl Read More +

Govt sanctions 5,595 electric buses for 64 cities under FAME II

New Delhi: The Department of Heavy Industry has sanction 5,595 electric buses for 64 cities under the FAME India scheme's second phase to give a further push to clean mobility in public transportation, according to an offic Read More +

PM Modi to inaugurate 3rd Global Renewable Energy Investors meet on Oct 30

New Delhi: Prime Minister Narendra Modi will inaugurate the third Global Renewable Energy Investors' Meet on October 30, an official said on Thursday. India is expecting an investment of $80 billion in 2-3 years in the  Read More +

Power ministry brings mechanism for stressed projects for servicing debt in first place

New Delhi: The power ministry on Monday introduced mechanism 'Trust Retention Account' for certain stressed power plants to utilise their surplus after meeting operating expense, for servicing debt in the first place. In case the Read More +

India raises cost of oil refinery project with Aramco by 36 per cent

NEW DELHI: India has increased the cost estimate of a giant refinery and petrochemical project to be jointly built with Saudi Aramco and Abu Dhabi National Oil Co by more than 36%, after protests by farmers forced the relocation of the p Read More +

India’s electricity regulator proposes new power trading rules

New Delhi: India’s power sector regulator Central Electricity Regulatory Commission (CERC) has proposed new rules aimed at a complete overhaul of the power trading market in the country including changed net-wor Read More +

India will have 330 GW of renewable energy capacity by 2030 Amitabh Kant CEO NITI Aayog

New Delhi: NITI Aayog CEO Amitabh Kant has said that India will have 175 gigawatt (GW) of renewable energy generation capacity by 2022 and 330 GW by 2030 provided power discoms become commercially-viable entities Read More +

Three bio-CNG plants to treat 300 tonnes of bio-waste in Chennai

CHENNAI: Greater Chennai Corporation will bring down the quantum of organic and food waste entering its landfills by 300 tonnes by next month by setting up three bio-CNG plants that will bottle compressed natural gas produced from biowaste.

Hyderabad CM KCR reviews power sector, assures electricity body of support

Hyderabad: Chief Minister K Chandrashekhar Rao held a review meeting on the power sector at Pragathi Bhavan and assured that the government would give necessary financial support to the Telangana Electricity Organisations and w Read More +

India expects coal-fired power capacity to grow 22 percent in three years

NEW DELHI: India's coal-fired power generation capacity is expected to rise by 22.4% in three years, the federal power ministry's chief engineer said on Wednesday, potentially neutralizing its efforts to cut emissions by boosting adoption Read More +

Energy storage will attract 662 bn Dollars investments through 2040 China, US, India to lead the pack

New Delhi: Global energy storage installations are set to multiply exponentially, from a modest 9 Gigawatt (GW)/17 Gigawatt Hour (GWh) deployed as of 2018 to 1,095 GW/2,850 GWh through 2040 led by China, US, and India. 

&n Read More +

Govt prohibits mining of atomic energy minerals by private entities

New Delhi: The government has prohibited mining of atomic minerals by private entities and will grant operating rights to only state-run companies to "safeguard" strategic interest of the country, according to a gazette notification issu Read More +

Indias renewable energy cost lowest in Asia Pacific WoodMac

 India's levelised cost of electricity (LCOE) using solar photovoltaic has fallen to $38 per megawatt-hour (MWh) this year, 14% cheaper than coal-fired power that has traditionally been the cheapest source of power generation, WoodMac sai Read More +

Government amends bidding guidelines for wind power projects

New Delhi: In a bid to fast-track wind energy projects, the Centre has made certain amendments to the bidding guidelines for such projects, according to an official statement. The amendments have been made based on the experience of bidding and co Read More +

State owned gencos out of payment security mechanism Power Ministry

New Delhi: State-owned power generating plants would not be covered under the new payment security mechanism which mandates offering a letter of credit by distribution companies to electricity generators, the Union Power Ministry sa Read More +

Thermal power to stay main energy source despite renewable push

New Delhi: Even as the government continues its push for renewables, coal-fired power is expected to remain the main source of energy for the next decade or so, Power and New and Renewable Energy Minister R.K. Singh s Read More +

Gujarat tops India in rooftop solar power generation capacity

Ahmedabad: Gujarat has emerged as the state with the most rooftop solar panels installed. 

According to data tabled in Rajya Sabha on Tuesday, Gujarat has an installed rooftop solar power cap Read More +

Oil Ministry eyes Rs 6,000-crore viability gap funding for Northeast gas grid project

New Delhi: The oil ministry will soon approach the Cabinet for about Rs 6,000 crore in viability gap funding (VGF) for the proposed gas grid in the northeast. Indradhanush Gas Grid Ltd (IGGL), a joint venture of Indian Oil, ONGC, GA Read More +

UP Over 6,000 incidents of snapping of live electricity wires in 2 years

LUCKNOW: UP witnessed over 6,100 incidents of snapping of live electricity wires often leading to loss of life and property in the last two years, energy minister Srikant Sharma informed the assembly on the second day of the monsoon sess Read More +

Cabinet approves investments in India's largest hydropower plant

NEW DELHI: The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi has approved Rs 1600 crore expenditure on pre-inv estment activities and various clearances for Dibang Multipurpose Project in Arunachal Pr Read More +

Govt invokes special powers to speed up power transmission lines for renewable energy

New Delhi: The government on Thursday invoked special powers to direct electricity regulator to clear transmission schemes identified for 66.5 Gigawatt capacity of renewable energy projects.

The directions under Read More +

Power distribution plan soon to ensure 24X7 electricity supply for all

New Delhi: The government said Tuesday it is devising a consumer-centric electricity distribution plan to ensure round the clock power supply for all. The Power Ministry in a release said that till now, the government has been prepa Read More +

India to launch rules to end gas distributors' monopoly in 34 cities

NEW DELHI: The Indian government is set to introduce rules in six months that could lead to the phase-out of monopolies controlled by natural gas distribution companies in 34 cities, including New Delhi and Mumbai, allowing many con Read More +

Govt invokes special powers to save green projects worth Rs 40,000 crore

NEW DELHI: The government has invoked special powers under the Electricity Act of 2003, directing the Central Electricity Regulatory Commission (CERC) to clear a clutch of inter-state transmission lines under the public sector Read More +

Govt wants ONGC to sell golf course in Ahmedabad that has oil wells

New Delhi: The government wants Oil and Natural Gas Corp (ONGC) to sell its golf courses in Ahmedabad and Vadodara in Gujarat, sending the company into a tizzy as one of them has two producing oil wells, sources said.

The Read More +

India to add only 6,000 Mw of coal-based power capacity next fiscal

New Delhi: Coal-based capacity addition in the Indian power sector, which fell to a low of 3,600 Megawatt last financial year (2018-19), is likely to remain subdued in a range between 5,000 Mw and 6,000 Mw in the current fiscal year and Read More +

Auction of coal blocks to start 'very shortly', says minister

New Delhi: Union minister Pralhad Joshi Wednesday said the auction of coal blocks would commence "very shortly". The coal minister also said that major policy changes would also be notified very shortly and expressed Read More +

Govt to rope in global firms to set up manufacturing units for solar cells, batteries, charging infra

New Delhi: The government will launch a scheme to bring in global firms for setting up mega manufacturing plants in India for solar cells, batteries and solar charging infrastructure through auction and provide tax benefits on these investments. T Read More +

Coal India to roll out business blueprint for ERP

KOLKATA: Coal India is streamlining a business blueprint for implementation of Phase I of Enterprise Resource Planning(ERP) - christened ‘Project Passion’. This is being pursued under the 100 days programme.

Read More +

Andhra Pradesh- Government to focus on power, agriculture sectors

Vijayawada: Chief minister Y S Jaganmohan Reddy on Sunday said the state government, on the eve of the birth anniversary of former chief minister YS Rajasekhara Reddy, has decided to focus on core sectors like power and agriculture. Read More +

Question mark on fate of Jaitapur N-power plant as France orders technology audit

Paris: An independent audit has been ordered into the entire European Pressurised Reactor (EPR) project under implementation at Flamanville nuclear power plant, French Finance and Economy Minister Bruno Le Maire said. The plant has been Read More +

Solar scheme to assure Rs 1 lakh income for farmers

New Delhi: The central government will launch a solar scheme for farmers that will ensure a minimum annual income of Rs 1 lakh.

Power Minister R.K. Singh on Thursday informed the Lok Sabha during Que Read More +

10 key pointers for Friday's Union Budget from Economic Survey 2019

Economic Survey 2019 usually contains certain pointers to what may come in the Union Budget.

The survey, written by Chief Economic Adviser Krishnamurthy Subramanian and tabled in Parliament by Finance Minister Nirmala S Read More +

TN not to permit any hydrocarbon exploration in state

Chennai: Tamil Nadu's ruling AIADMK government will not give permission for hydrocarbon exploration in the state, especially in the Cauvery delta region, Law Minister C. Ve. Shanmugam said on Wednesday.

Shanmug Read More +

Government neither divesting nor privatising ONGC- Dharmendra Pradhan

State-run ONGC will neither be disinvested nor privatised but only oilfields discovered by it are being monetised through a transparent bidding process to ensure the country's energy security, Petroleum Minister Dharmendra Pradhan sa Read More +

India seeks Kuwaiti investments in infrastructure and power sectors

New Delhi: India, showcasing its growth prospects, has pitched for investments from oil rich Kuwait across various sectors including infrastructure and power. 

Finance Minister Nirmala Sitharaman during a rece Read More +

Rajasthan- CM inaugurates two units of Chhabra Power Plant

Kota: Chief minister Ashok Gehlot on Sunday inaugurated the 5th and 6th units of Chhabra super critical Thermal Power Plant in Chhabra block, Baran. He also addressed the public and said, “Electricity is the foundation of developme Read More +

AISIA for raising export sops for solar module manufacturers

New Delhi: Raising concerns over the survival of solar modules manufacturers, the All India Solar Industries Association (AISIA) in its pre-Budget recommendations has called for providing incentives, such as subsidies for power, capital, Read More +

ReNew mops Rs 2,100 crore through rights issue to expand capacity

Mumbai: Clean-energy company ReNew Power has raised $300 million (Rs 2,100 crore) in equity funding from existing investors Goldman Sachs, CPPIB and Abu Dhabi Investment Authority through a rights issue.

Read More +

Delhi govt announces pilot project for using electric vehicles for delivering online orders

New Delhi: The Delhi government Wednesday announced its first electric vehicles (EVs) freight pilot under which up to 1,000 such vehicles are aimed to be deployed in the city over the next 12 months for delivering online orders. Delhi Transpo Read More +

Rajasthan govt decides against divesting two power plants

Jaipur: The Rajasthan government on Wednesday reversed the previous BJP dispensation's decision to disinvest the Kali Sindh and Chhabra power plants. A proposal in this regard was passed in a cabinet meeting chaired by Chie Read More +

Centre to provide CNG, PNG infrastructure in 406 districts- Pradhan

New Delhi: Petroleum and Natural Gas Minister Dharmendra Pradhan on Monday said that the Centre has chalked out a plan to provide Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) infrastructure in 406 districts of the country.

Read More +

Four dams to get floating solar power plants in Maharashtra

New Delhi: Maharashtra is all set to get floating solar power generation plants in four dams, state Water Resources Minister Girish Mahajan told the Legislative Council Monday.

In a written reply to a question Read More +

Govt to invoke special powers, save renewable energy projects of Rs 40,000 crore

NEW DELHI: The government is set to use special powers under the Electricity Act of 2003 to ensure regulatory passage for a clutch of inter-state transmission lines with the objective of preventing solar and wind power projects Read More +

Uttar Pradesh- Tweak the clause for rooftop solar power plants, directs govt

GHAZIABAD: All government and semi-government offices having an area of more than 1000 sq m will soon have to install solar photovoltaic power plant on their rooftops. 

This is likely be made mandatory from this month by the Read More +

IITH improves solar cell efficiency using magnetic field

Hyderabad: Researchers at IIT Hyderabad have developed a novel process to improve the performance of third generation solar cells using magnetic field. Working with dye sensitised solar cells (DSSC), they have sh Read More +

Pune firm develops solar-powered irrigation system

Pune: To solve water crisis for farmers throughout the varied climate conditions in India, Pune-based company Khethworks has developed solar-powered irrigation system. The irrigation system is intended to ma Read More +

Telangana govt to buy 2000 mw additional power from NTPC

Hyderabad: The Telangana government has sought 2000 MW additional power from NTPC to meet the growing power demand in the state, in view of the upcoming Kaleshwaram lift irrigation project, a top TRANSCO official said Thur Read More +

Nagpur- No property tax on power infra

Nagpur: The state cabinet on Tuesday decided to exempt power infrastructure like electricity poles, transformer, substations etc from property tax. The decision will hit already cash-strapped urban local bodies like Nagpur Muni Read More +

Solar tariffs increase marginally in SECI auction

BENGALURU: Tariffs rose marginally from February in an auction by Solar Energy Corporation of India (SECI) on Wednesday for 1200MW of projects.

SECI is the renewable energy ministry's nodal agency responsi Read More +

Tangedco stops floating tenders for solar, wind farms

Chennai: Tangedco has stopped floating bids for solar and wind power farms — a reflection of its inability to give a commitment to investors on power evacuation and timely payment for evacuated power. 

Read More +

CII says govt must hold industry consultations before finalizing Electric Vehicle plan

New Delhi: The Confederation of India Industry (CII) today said the government must hold multi-stakeholder consultations across the value chain with a special focus on affordability of consumers as India embarks on one of its strategic goals of tr Read More +

UP first state to invite EoIs to set up EV charging stations

New Delhi: Uttar Pradesh has invited expressions of interest (EoIs) from companies to set up charging stations for electric vehicles, the first state to do so after the Union power ministry issued guidelines for such facilities last Read More +

RIL looking at removing production bottlenecks at Vadodara facility at a cost of Rs 2,270 crore

New Delhi: Billionaire Mukesh Ambani-led Reliance Industries (RIL) plans to remove production bottlenecks at its flagship Vadodara Manufacturing Division (VMD) at a cost of Rs 2,270 crore as part of a plan to increase petrochemical Read More +

Nitin Gadkari for wider stakeholder talks on EV adoption

NEW DELHI: Road transport minister Nitin Gadkari has called for wider stakeholder consultation on the adoption of electric vehicles, to give adequate time to domestic manufacturers for making business adjustments.

Read More +

Waste-to-energy plant to power Delhi metro operations

New Delhi: Delhi Metro has become the first metro project in the country to receive power generated from a waste-to-energy plant, Delhi Metro Rail Corporation (DMRC) has claimed.

“From the beginning of t Read More +

World Environment Day-Wind mills and solar panels are only solution to air pollution today

Chennai: Air pollution can be controlled only through a combination of technology, public policy and people’s cooperation, said agriculture scientist M S Swaminathan on Tuesday. 

“We are exper Read More +

ONGC topples IOC to regain most profitable PSU tag

New Delhi: ONGC, India's top oil and gas producer, has toppled Indian Oil Corp (IOC) to regain crown of being the country's most profitable public sector company.

According to earnings statements of the listed compan Read More +

Crude stumbles to worst May in seven years

New Delhi: Oil posted its worst May performance in seven years as global trade tensions escalated, undermining the outlook for energy demand growth.

Futures tumbled 5.5 per cent in New York on Friday to a dept Read More +

Maharashtra- Vidarbha farmers to get 3,900 solar pumps soon

Nagpur: With the election code of conduct no longer in force, MSEDCL has launched a drive to provide solar farm pumps to Vidarbha’s farmers under the Mukhyamantri Saur Krishi Pump Yojana (MSKY). 

According to company o Read More +

India to acquire reserves of strategic minerals to power the countrys move into EVs

Kolkata: India's move to acquire reserves of strategic minerals like lithium and cobalt to power the country's move into electric vehicles is all set to become a reality with three state-owned metal and mining Read More +

Adani Green to raise 500 million dollars from offshore investors

MUMBAI: Adani Green Energy, the renewable power arm of Gautam Adani-controlled Adani Enterprises, is set to raise $500 million through an overseas bond sale, three people with the direct knowledge of the matter, said. The company co Read More +

Delhi peak power demand crosses 6,000 MW- Tata Power

New Delhi: With the summer heat pushing the capital's peak power demand to this season's highest of 6,011 MW on Wednesday, Tata Power Delhi Distribution Ltd (TPDDL) said it successfully met the demand of 1,690 MW in its Read More +

Maharashtra- Over 300 schools will run on solar power, become self-reliant

Nagpur: Over 300 zilla parishad schools in Nagpur will run on solar power before Diwali making them completely self reliant when it comes powering up their classrooms. 

Schools will get anywhere between 1 Read More +

Railways to install solar plants to generate electricity, reduce bills

Ludhiana: In a bid to reduce the huge amount being paid as electricity bills, to the state power corporation, the railways has started the installation work of solar plants on the rooftops of its buildings. 

This will not on Read More +

58% increase in power transmission capacity of UP in past three years

AGRA: If power situation has seen a marked improvement in the past two years, it is because of relentless effort of the state government to fulfill its promise to provide 22-hour supply to rural areas and 24-hour supply to Read More +

Australian state leader calls for timeline on Adani coal mine approvals

Melbourne: Australia's Queensland state premier on Wednesday called for India's Adani Enterprises to sit down with the state regulator to work out a definitive timeline to obtain approvals for a controversial  Read More +

Maharashtra electricity regulator fixes tariff for renewable energy

Nagpur: Maharashtra Electricity Regulatory Commission (MERC) has issued tariff order for renewable energy sources in the state for 2019-20. While tariff for wind energy has been reduced, that of the solar power&n Read More +

Delhi Metro continues green push, now plans e-scooters at 5 stations

NEW DELHI: In a major push to environment-friendly last-mile connectivity, Delhi Metro Rail Corporation plans to promote public bicycle-sharing services from its stations in a big way. The agency is also planning to introduce e Read More +

Land identified for solar panels at Chennai airport

Chennai: The Airports Authority of India (AAI) plans to install solar panels near the main runway to reduce the use of power from the grid at Chennai airport.

A tender, which was issued last year, has been given to Read More +

Maharashtra- 1,235 CNG buses may go off the roads over dues

PUNE: More than 1,200 gas-powered public transport buses could go off the roads soon, if the Pune Mahanagar Parivahan Mahamandal Limited (PMPML) fails to clear pending dues. 

Maharashtra Natural Gas Limited (MNGL), which sup Read More +

Engineers India Ltd signs pact for 1.5 mt refinery in Mongolia

New Delhi: State-owned Engineers India Ltd (EIL) Wednesday said it has signed an agreement to provide project management consultancy for a new 1.5 million tonne refinery being set up in Mongolia.

The pact Read More +

Madras HC stay on notice for acquiring agri lands to lay gas pipelines

Madurai: The Madurai bench of the Madras high court granted a stay on the notification issued for acquiring agricultural lands for laying of gas pipelines in Tuticorin district.

The petitioner K Chellam, a resident of South Veera Read More +

Talettutayi Solar emerges lowest bidder in auction with Rs 2.87 per unit tariff

New Delhi: Talettutayi Solar Projects Three Private Ltd has emerged as the lowest bidder in an auction conducted by Solar Energy Corporation of India, quoting a tariff of Rs 2.87 per unit on Tuesday. "Out of the 250 MW solar en Read More +

SECI again extends deadline for 3-GW manufacturing-linked solar tender

New Delhi: State-owned Solar Energy Corporation of India (SECI) Tuesday again extended bids submission deadline for manufacturing-linked 3-gigawatt (GW) solar power tender till May 31. On April 22, SECI had extended the last date of bid Read More +

Tariffs fall in Gujarat solar auction

Bengaluru: Gujarat’s second attempt to auction projects at Raghanesda Solar Park generated tariffs that were substantially lower than the first sale in January, which had been scrapped.

French utility Engie got 20 Read More +

Coal India to increase auction offering by 14 per cent in FY20

KOLKATA: Coal India (CIL) plans to ramp up auction offerings by 14% during the current fiscal against the previous year when similar supplies declined 5%. 

It is expected to bring down premiums in the auc Read More +

Ministry held session for stakeholders in renewable energy industry

Bengaluru: The Ministry of New and Renewable Energy (MNRE) today held a brainstorming session for all stakeholders in the renewable energy industry. 

Major challenges faced by the industry were Read More +

Centre to invite bids for 40GW battery plants

New Delhi: The government is considering a plan to establish battery making capacity of 40 gigawatts (GW) to give a boost to its electrical vehicles and renewable energy initiatives, an official said.

It will Read More +

Over 1k-MW wind projects running behind schedule

Bengaluru: Many of the projects won by developers in the two wind auctions conducted by Solar Corporation of India in 2017 have not been completed yet, according to sources close to the development. The commissioning deadline for the first tranche Read More +

Signify Innovations expecting good growth in solar lights segment ahead

New Delhi: Signify Innovations India, earlier known as Philips Lighting India, is expecting good opportunity in the solar lights segment going forward, not only from the rural market but also from the urban market, said a top c Read More +

Gujarat energy firm seeks protection to complete wind power project

Madurai: A Gujarat-based energy company which has signed a memorandum of understanding (MoU) with the Tamil Nadu government to set up wind power plants in Tuticorin district has moved the Madurai bench of the Madras high court Read More +

Italy, Myanmar sign 30 mn euro electrification agreement

Nay Pyi Taw: Italy has signed a 30 million euro soft loan agreement with Myanmar as part of a World Bank-funded national electrification programme that will bring power to half a million people, the Foreign Ministry s Read More +

End of Iran sanctions waivers to hit Indian economy- Analysts

Mumbai: The end on Thursday of US sanctions waivers for purchases of Iranian oil is likely to hit India's economy hard, increasing fuel costs and quickening inflation, analysts say.

Last May, President Don Read More +

Indian Oil plans to shut units at northeast refineries to upgrade fuel- Sources

NEW DELHI: Indian Oil Corp, the country's top refiner, plans to shut units in phases at its northeast plants from August to produce cleaner fuels, two sources privy to the move said.

Domestic refiners have lined up upgra Read More +

NHPC inks agreement with Indian Army to build bunkers, caverns

NEW DELHI: State-run hydro power giant NHPC said Monday that it has entered into a pact with the Indian Army to construct underground bunkers and caverns across India.

"NHPC Read More +

Iraq maintains top position as Indias crude oil supplier in 2018-2019

New Delhi: Iraq maintained its position as the largest crude oil supplier to India in 2018-2019, supplying more than 46.61 Million Tonne (MT) of crude oil last financial year ended March 2019, official data sourced from Directorate General of Comm Read More +

India-Bhutan finalised Rs 4.5K crore Mangdecchu hydro projects power tariff protocol

Following prime minister level bilateral agreement between India and Bhutan, both the countries have finally signed tariff protocol for the output of 720 Megawatt (Mw) Mangdechhu hydropower project. First yield of this INR 4.5K crore Bhu Read More +

GIP in talks to buy RattanIndia solar power assets for 300 mn dollar

Mumbai: Leading infrastructure investor Global Infrastructure Partners (GIP) is in advanced negotiations to buy the solar portfolio of RattanIndia Power Ltd (formerly India Bulls Power) for an enterprise value of about $300 mil Read More +

OPINION- India has to navigate US Iran oil sanctions both economically and geopolitically

From Venezuela to Iran, on the supply side, and from France to India, on the demand side, the market for oil has once again been invaded by politicians and geopolitical strategists. While demanding of the world ‘fair trade’ practices, Read More +

India seeks right balance of ties with US, Iran

New Delhi: India is looking to balance its ties between the US and Iran even as New Delhi plans to source oil from alternate sources following expiry of waiver for Iranian oil imports from early May. New Delhi plans to assert i Read More +

Several wind energy projects in slow lane since 2017 auctions

Bengaluru: A large number of wind energy projects have been bid out since auctions for such projects began in early 2017, both by Solar Corporation of India (SECI) and state agencies, but only a small fraction of them have been Read More +

Stressed power resolution comes to a standstill

New Delhi: The resolution of 40,000 MW of stressed power projects has come to a standstill with lenders turning reluctant to engage with investors in the absence of fresh directions from the Reserve Bank of India and regulatory overreach Read More +

New way to create fast-charging lithium-ion batteries discovered

New Delhi: Scientists, including one of Indian origin, have developed a way to make lithium-ion battery that can charge within minutes but still operate at a high capacity, an advance that may improve performance for smartphones and elec Read More +

SECIs 1,200 MW wind energy sale gets tepid response

BENGALURU: Solar Energy Corporation of India’s (SECI) 1,200 MW wind auction on Monday saw a surprisingly lukewarm response from developers, with techno-commercial bids of only 600 MW received. SECI confirmed the developme Read More +

Tata Projects bullish on oil, gas, nuclear segments, eyes Rs 16,000 cr topline this year

New Delhi: Riding high on the pace of growth in the oil and gas, nuclear and urban infrastructure sectors, Tata Projects, a part of the diversified Tata Group, is eyeing up to Rs 16,000 crore worth of r Read More +

Mumbai housing complex goes green, to cut power bill by 70%

New Delhi: In what is, perhaps, the largest renewable energy project in the city, a housing society in the suburbs is looking at cutting its electricity bill by 70% by generating 700-kW solar energy from its sola Read More +

India needs policy on solar waste management, manufacturing standards- Report

New Delhi: The government needs to bring out a policy on solar module waste management and standards for use of material for manufacturing, according to consultancy Bridge To India on Thursday. 

"There is an u Read More +

India MRPL to shut crude unit other facilities for from mid-April

NEW DELHI: India's Mangalore Refinery and Petrochemicals Ltd plans to shut a 60,000 barrels per day (bpd) crude unit and some secondary units for maintenance from mid-April for about a month, a company source said. 

Read More +

CPPIB eyes emerging companies in financial services, healthcare & education

MUMBAI: After partnering with storied brick-and-mortar names such as Larsen & Toubro and Bharti, the Canada Pension Plan Investment Board (CPPIB) is looking to back emerging champions across financial services, healthcare, commerce a Read More +

Adani wins key approval for plan on coal mine in Australia

New Delhi: Diversified conglomerate Ad Enterprises said on Tuesday it has won a key approval for its groundwater management plan to construct a thermal coal mine and rail infrastructure project in Australia.

India to add 10k megawatt wind capacity in 2021

Bengaluru: Siemens Gamesa Renewable Energy, the second largest manufacturer of wind turbines in the world, expects India to add between 7,000 and 10,000 megawatt (MW) of wind energy capacity in 2021, its global chief Read More +

UT power department starts energy audit process

Chandigarh: The UT electricity department has started the process of conducting audit of its transmission and distribution (T&D) system to identify energy loses and implement steps to reduce the same.

Recently, the Read More +

In a first power demand in Tamil Nadu crosses 16000 MW

CHENNAI: Power demand in the state has crossed 16,000MW for the first time. It touched 16,151MW on Wednesday evening, surpassing the previous high of 15,847MW on March 13.

Tangedco sources said the increased demand was Read More +

Worlds top 10 start-ups working on energy transitions

New Delhi: The Start-up Energy Transition (SET), an international platform supporting innovation in energy transition, has officially released their list of 100 top energy start-ups. These start-ups are shortlisted for the 2019 SET Read More +

SC order on NPAs- Power industry association heaves a sigh of relief

New Delhi: Welcoming the Supreme Court ruling quashing the RBI circular on resolution of stressed assets, the Association of Power Producers Tuesday said it will give some breather and flexibility to restructure their debt.

Read More +

Solar power helps corporation save Rs 16 lakh in two months

Coimbatore: Since its inception two months ago, the Ukkadam solar power plant has generated about 3 lakh units of electricity and helped the city corporation save about Rs 16 lakh on its electricity bills.

“While Read More +

India gains access to Bolivian lithium reserves

New Delhi: India has leveraged its way into the Bolivian lithium reserves after signing a Memorandum of Understanding (MoU) in Bolivia for development and industrial use of lithium, a prime component used to power electric vehicles and c Read More +

Tamil Nadu - Govt bid to appoint gangmen to power board a poll gimmick- union

Tirupur: One of the employees’ unions of the Tamil Nadu Electricity Board (TNEB) has petitioned the election commission to restrain the state government from appointing gangmen to the board until elections were over.

Read More +

Vice President Naidu stresses on the need for EVs, adopting shared mobility

New Delhi: Vice President Venkaiah Naidu Thursday stressed on the need of adopting shared mobility and electric vehicles to meet increasing demands of transportation and said standalone metro systems are not effective as they r Read More +

SECL crosses 150 MT coal production in 2018-19 fiscal

Kolkata: The South Eastern Coalfields Ltd (SECL) has become the first company in the country to have crossed coal production figure of 150 million tonnes in a financial year. 

The SECL achieved the record during th Read More +

BP commits 100 million dollars to fund new emissions reduction projects

New Delhi: BP today announced it has established a $100 million fund for projects that will deliver new greenhouse gas (GHG) emission reduction in its Upstream oil and gas operations. The new Upstream Carbon Fund will Read More +

India seeks bids for 5 billion dollars in transmission lines to fuel renewables growth

By Sudarshan Varadhan and Nidhi Verma

NEW DELHI: India will launch $5 billion of transmission-line tenders in phases, beginning in June, to route a targeted 175 gigawatts (GW) of power from renewable sources into the co Read More +

JDA signs agreement to save 7.3L energy units per year

Jaipur: Conservation of energy seems to be on Jaipur Development Authority (JDA)’s top agenda. After deciding to install roof top solar panel, the civic body has signed an agreement with Government of India, public sector undertaking (PSU) t Read More +

Delhi to get 131 charging stations for electric vehicles

New Delhi: The capital will get 131 public charging stations for electric vehicles to address the concerns of potential buyers and to ensure that people have access to recharging facilities in their vicinity. 

According to t Read More +

Maharastra moves one step ahead in gree buildings, signs MoU with IFC

New Delhi: The government of Maharashtra is taking pro-active measures in promoting green housing. The state government’s Housing Department has signed a memorandum of understanding (MoU) with World Bank arm Internat Read More +

KUSUM scheme for solar uptake by farmers- A fineprint

New Delhi: The government has published the guidelines for the implementation of Kisan Urja Suraksha evam Utthaan Mahabhiyan (KUSUM) scheme for installation of solar pumps and grid-connected solar power plants by farmers.

Read More +

NTPCs floating solar plant to be commissioned in April

New Delhi: NTPC Ltd's Kawas has become first power unit in the state to install 1MW grid-connected floating solar project, which is likely to be commissioned in April 2019. 

Debashish Das, NTPC direct Read More +

CIL dividends, buybacks to draw Rs 19,000 crore for government

New Delhi: Coal India will fetch the Centre around Rs 19,000 crore on account of dividends paid and shares sold through various modes by the end of 2018-19 — almost double that of last year.

The dry fuel Read More +

Coal production at 638 MT during Apr-Feb

New Delhi: The coal output grew 8 per cent year-on-year to 638.46 million tonne (MT) in the April-February period of the current financial year. The coal production was 591.42 MT during the corresponding period of the previous Read More +

Cloud over SKY- State scales down pilot solar project

Ahmedabad: Gujarat government’s ambitious plans to roll out a state-wide scheme where farmers can generate electricity using solar and sell surplus power to the electric grid, is facing challenges. The government has decided to scale down th Read More +

Discom to set up four solar microgrids in east Delhi

New Delhi: Power distribution company BSES Yamuna has launched a pilot project to establish solar microgrids, becoming one of the first discoms in the country to do so in an urban setting. A similar rollout is planned Read More +

Coal imports by state power plants up in FY19

Kolkata: Coal imports by state government-run power producers were up 2.6-fold in the first 10 months of the current fiscal as domestic supply dwindled, but overseas purchases by private generators and central entities declined 2.5% duri Read More +

RERC relief to renewable projects worth Rs 4000 cr

New Delhi: In a big relief to the renewable power developers whose investments of more than Rs 4,000 crore came under a cloud, the Rajasthan Electricity Regulatory Commission has reversed an order passed by the previous governm Read More +

Cash sops for states to secure land for green power projects

Bengaluru: The Centre has introduced a financial incentive for states and tweaked its policy to address two major issues plaguing solar park developers — shortage of land and lack of transmission facility.

States Read More +

PM to launch projects worth Rs 65K-cr in Kanpur today

New Delhi: Prime Minister Narendra Modi will launch and lay foundation stones of several projects worth over Rs 65,000 crore in a mega ground-breaking ceremony to be held during his visit to the industrial city on Friday.

India wants to keep Iran oil purchases at 300,000 bpd in extended waiver- Report

New Delhi: India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with the Washington about extending a sanctions waiver past early May, two sources in India with knowledge of Read More +

Govt cancels coal auction meant for open market sale

New Delhi: The government has cancelled the proposed auction of coal blocks in which winners would have been allowed to sell 25% of the production in the open market. It was postponed five times after notice inviting tende Read More +

No takers for Gujarat's 1k-MW solar auction

Bengaluru: In a setback for Gujarat’s renewable energy drive, its latest solar auction of 1000 MW got no bids at all because developers felt the ceiling tariff it had set was too low. 

Read More +

Central Bank puts Bhushan Power, Essar Steel accounts up for sale to recover bad loan dues

New Delhi: State-owned Central Bank of India has put up for sale four stressed accounts, including Bhushan Power & Steel and Essar Steel India, to recover dues of Rs 3,321 crore. "In terms of the bank's p Read More +

100 per cent electrification- PM Narendra Modis praise boosts morale

New Delhi: The energy department officials must be feeling elated over PM Narendra Modi’s praise on Sunday for 100% household electrification in the state before the nationwide target set for that. But there are still complain Read More +

Cabinet approves Rs 1,236 cr investment for Arun-3 hydro project

New Delhi: The government Thursday approved Rs 1,236.13 crore investment proposal for transmission component in Nepal portion of Arun-3 Hydro Electric Project by Sutlej Jal Vikas Nigam (SJVN). 

The Cabinet Committe Read More +

Cabinet approves Rs 10,000 cr FAME India Phase II scheme

New Delhi: The Union cabinet chaired by Prime Minister Narendra Modi has approved a proposal for implementation of a scheme titled 'Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II)&# Read More +

5,000 compressed bio gas plants to come up by 2023- Pradhan

New Delhi: Around 5,000 compressed-bio gas (CBG) plants will be set up in the country by 2023, while a city gas distribution system covering 400 districts will provide a ready market for the CBG, Petroleum Minister Dharmendra Pradha Read More +

Indian govt may offer up to Rs 2.5L subsidy for 60,000 e-cars

New Delhi: The government is set to announce a subsidy of up to Rs 2.5 lakh for 60,000 electric cars and dole of up to Rs 20,000 for 20,000 hybrid cars that are bought over the next three years as it seeks to promote green fuel in the country via Read More +

Rs 1.40 lakh crore of oil & gas investments likely in Odisha- Pradhan

Bhubaneswar: Union Petroleum Minister Dharmendra Pradhan on Sunday said Odisha is going to be the epicentre of petroleum and gas sector, with around Rs 1.40 lakh crore investments proposed under various oil and gas projects in Read More +

A solar tree that can help irrigate farms

Ludhiana: With demand from farmers and researchers for almost 10 years, the Central Mechanical Engineering Research Institute (CMERI), a constituent laboratory of the Council of Scientific and Industrial Research (CSIR) has come up with a sol Read More +

Government asks ONGC, OIL to sell out 66 fields to private firms

New Delhi: The government has asked state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) to sell out 66 of their small oil and gas fields to private firms as it brought in a new policy to boost domestic pr Read More +

Maharashtra power utility gets additional 1,000 MW cheap solar power

Nagpur: After tying up for 1,000MW solar power at the rate of Rs 2.71 and Rs 2.72 per unit in 2018, Maharashtra State Electricity Distribution Co Ltd (MSEDCL) will now sign power purchase agreements (PPAs) for another 1,000MW cheap solar Read More +

Not invited to bid, power firms may sue Coal India

Kolkata: Power companies that participated in an auction for long-term fuel supply contracts may sue Coal India for holding another round of auction and not allowing them to bid.

Coal India executives, ho Read More +

ABB wins Rs 270 crore electric traction order from Indian Railways

New Delhi: Swiss power major ABB said Tuesday that it has bagged a Rs 270-crore order for train technologies from Indian Railways. "ABB has won its largest traction equipment order in India, worth more than Rs 27 Read More +

Centre offers Fifty paise per unit support for solar projects using locally produced equipment

The Centre has offered a viability gap support of ₹70 lakh per MegaWatt (MW) for solar projects that will be built using domestically sourced cells and modules. This support will be implemented through the Central Public Sector Undertaking Read More +

Relief for solar developers on safeguard duty

BENGALURU: Developers who won solar projects just before safeguard duty on solar panels and modules was imposed on July 30 last year have been greatly relieved by an order passed by Maharashtra’s power regulator on Friday, maintaining that s Read More +

Work begins on Adanis Data Centre in Vizag as part of Rs 70000 cr plan

Visakhapatnam: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday laid the foundation stone for Data Centre and Technology Park of Adani Group in this port city.

The ground-breaking cerem Read More +

Transport sector can become all electric-driven by 2030- EV expert

Kolkata: Electric vehicles are the future and with the help of innovative approaches, Indias transport sector can become all electric-driven by the year 2030, an EV expert and professor of IIT Madras has said. 

Pro Read More +

Major boost for 4 hydro projects worth Rs 45,000 crore

New Delhi: The government expects a big push to hydropower sector having received clearances for four projects worth about Rs 45,000 crore. La Read More +

CERC Provides Relief to Solar Developers in Matter of GST Compensation

In a positive development for the domestic renewable industry, the Central Electricity Regulatory Commission (CERC) has provided relief to solar project developers with regards to the effect of goods and service tax (GST) on solar projects which a Read More +

SECI project winners buying expensive land as state stays reluctant on leasing for central projects

New Delhi: Wind developers have begun acquiring more expensive private land in Gujarat for central government projects as the state continues to go slow on leasing out land to them.

Over the past several months, Gujarat Read More +

Discom seeks to boost green bus infra in Delhi

NEW DELHI: Tata Power Delhi has sent a proposal to the Delhi government to join hands in deployment of electric buses by contributing in setting up charging stations for electric vehicles (EV). 

Read More +

Coal India to procure mining equipment worth Rs 7000 cr

Kokatta: Coal India Limited (CIL) is fast tracking the process of procuring 360 high capacity mining equipment valued at over Rs 7000 crore to bolster production after reviving the one billion tonne production target, officials said Thur Read More +

Breather for solar gear makers

New Delhi: Domestic solar gear makers like Adani Group and Tata Power Solar finally had a breather in a 12-GW scheme mandating state-run firms to set up projects using local equipment. It also paves way for fresh investments in Read More +

Adani Green Energy arm bags 390 MWac hybrid renewable project

New Delhi: Adani Green Energy on Tuesday said its arm Mahoba Solar (UP) Private Ltd has bagged a 390 megawatt alternating current (MWac) capacity hybrid renewable energy project. The Solar Energy Corporation of India Read More +

Adani, IOC, GAIL among 225 bidders for city gas licences in 50 cities

New Delhi: As many as 225 bids by companies such as Adani Gas, Indian Oil Corp (IOC), Torrent and GAIL Gas were received on Tuesday at the close of bidding for city gas licences for 50 cities, official sources said.&n Read More +

Pottery sees a ray of hope in solar energy

Bangalore: Ramon Magsaysay Award-winner Harish Hande, an expert in solar power energy, is now working towards revival of the pottery industry — using solar energy — in the villages of Kundapur. Shekar Shetty, s Read More +

GERC nod to solar power supply by salt pan workers

Ahmedabad: Setting the stage for salt pan workers to supply solar power and make some extra money, Gujarat Electricity Regulatory Commission (GERC) has permitted Gujarat Urja Vikas Nigam Ltd (GUVNL) to procure 2.7 MW solar powe Read More +

Enhanced tax relief, lowering of oil prices dominate budget expectations

New Delhi: The last Union budget before the general elections has set expectations soaring among the people in the state. Despite it being an interim budget by the Narendra Modi government, the wish list is long with almost all Read More +

Budget 2019- Govt must allocate up to Rs 50,000 crore for petroleum subsidy

New Delhi: The government’s petroleum subsidy allocation for the next financial year must be between Rs 37,000 crore and Rs 50,000 crore taking into account expected levels of average crude oil prices and the exchange rat Read More +

IOC trades in the red ahead of Q3 results

NEW DELHI: Shares of Indian Oil Corporation (IOC) were trading in the negative territory ahead of the announcement of its December quarter earnings on Wednesday in an otherwise buoyant market.

Brokerages are expecting a Read More +

Solar duty fails domestic producers as demand languishes

New Delhi: India’s bid to protect its solar-equipment makers by imposing a safeguard duty on cheap, Chinese imports has failed, according to domestic manufacturers, who are campaigning for tougher measures.

The country last Read More +

Gujarat frames land policy for green energy projects

BENGALURU: Gujarat has released its land policy for renewable energy projects, which seeks to set up wind parks and wind-solar hybrid parks in the state, similar to solar parks. Such parks will be a first by any India Read More +

India must manufacture petrochemicals domestically- PM Modi

New Delhi: Prime Minister Narendra Modi on Sunday said most of the petrochemicals being used in India are sourced through imports and it will be the government’s endeavour to ensure they are manufactured domestically. He was dedica Read More +

Coal Indias supplies to power sector rise 8 pc to 390 MT

New Delhi: The government Thursday said state-owned CIL supplied 389.63 million tonne (MT) of coal to the power sector in the current financial year till up to January 22, registering a rise of eight percent over the previous year. " Read More +

Gujarat finds solar tariffs high, cancels auction

Bengaluru: The Gujarat government has canceled the solar auction for 700 MW it held in December on the grounds that the winning tariffs reached were too high. 

The decision was conveyed to the winning dev Read More +

Indian Oil to invest Rs 16,641 crore in Tamil Nadu

New Delhi: Indian Oil Corporation Ltd (IOC) on Wednesday said it would invest Rs. 16,641 crore in Tamil Nadu for expanding its retail outlet network, upgrading its infrastructure and laying of gas distribution pipelines.

Read More +

Domestic solar equipment makers may plead again for safeguards

New Delhi: In another attempt to protect the local solar manufacturing market from Chinese imports, Indian companies are considering a fresh anti-dumping petition, after the recently implemented safeguard measures failed to provide the intended re Read More +

Govt signs long-term contract with Uzbek for uranium supply

Gandhinagar: Widening the source base for the nuclear fuel, the government Friday entered into a long- term contract with Uzbekistan for supplying uranium ore concentrates. 

The contract was signed in the presence of Prime M Read More +

Maharashtra- Now, farmers to apply for solar power pumps online

NASHIK: The state government discontinued providing solar-powered agriculture pumps to farmers via district-level committee. Instead, the applicants have been asked to register online through MSEDCL website.

“As p Read More +

Web-based tool to help assess rooftop energy potential

Bengaluru: A first-of-its-kind tool that evaluates which part of one’s rooftop can generate maximum solar energy and identify the best areas for solar power generation is expected to go live on Bangalore Electricity supply Company  Read More +

Final government nod for FAME scheme likely by March 31- Official

New Delhi: The union ministry of heavy industries and public enterprises hopes to get a final government approval for the Rs 5,500 crore second lap of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles(F Read More +

Brookfield, Macquarie, KKR in race for IL&FS green assets

Global Infra Partners, KKR, Brookfield, I Squared Capital and Macquarie are among the 15 large funds in the race for buying over 1,000-megawatt renewable energy assets of Infrastructure Leasing & Financial Services Ltd (IL& Read More +

Charging stations for electric cars may be considered CSR activity

New Delhi: Expenses incurred by manufacturing companies in setting up charging stations for electric vehicles across the country should be considered an activity within the ambit of corporate social responsibility (CSR), a co Read More +

Fresh auctions for power pacts likely soon

New Delhi: The government is likely to launch a fresh round of auction of power purchase contracts while also allowing escalation and fixed charges to power companies in a bid to alleviate stress in the sector.

Ahead of Read More +

Gujarat unhappy with high tariffs at recent solar auction

Bengaluru: Winning tariffs by Softbank backed SB Eenergy, Finland’s Fortum and French utility Engie in the latest solar auction in Gujarat are much higher than expected, prompting the state to consider whether t Read More +

Worlds 1st fully green data centre to be solar-powered

New Delhi: The company also inked an MoU for the same with the AP government in Vijayawada on Wednesday evening. 

Adani Group chairman Gautam Adani told TOI that the company has already acquired 100 acres at Kapuluppada in V Read More +

Govt approves India-France pact on technical cooperation in renewable energy

New Delhi: The government Thursday approved a pact between India and France to enhance technical bilateral cooperation in new and renewable energy. The decision was taken by the Union Cabinet chaired by Prime Minister Read More +

Power sector employees may go on indefinite strike- Power engineers body

New Delhi: Power sector employees across the country are on a two-day strike which may become indefinite without any notice to the government on issues related to Electricity (Amendment) Bill 2018 and center's privitasation policies. Read More +

Govt panel proposes 2-way strategy to push EVs in India

New Delhi: A government appointed panel led by cabinet secretary Pradeep Kumar Sinha has proposed a bouquet of incentives for makers as well as buyers of electric vehicles in an effort to push emobility in the country.

Expedite GST on energy- PMO

NEW DELHI: The Prime Minister’s Office has asked nodal ministries to speed up efforts to bring all states on board for the inclusion of oil, natural gas, electricity and coal under the ambit of the goods and service tax (GST). States have be Read More +

Buildings will have to allot 20% parking space for EV charging- Govt

NEW DELHI: Residential and commercial complexes will have to allot 20% of their parking space for electric vehicle charging facilities, while eateries will have to reserve space for kiosks as per the new guidelines of the housing and urban develop Read More +

Torrent Power bags distribution rights for 3 Maha sub-divisions

New Delhi: Torrent Power Thursday said it has been appointed as electricity distribution franchisee for three sub-divisions under Thane urban circle of Maharashtra. 

"The company has emerged as winne Read More +

Startups raised $38 bn funding- Flipkart, ReNew Power among big names

New Delhi: Indian startups are estimated to have raised USD 38.3 billion in funding in 2018, behind only the US and China, a report by Yostartups said. 

Flipkart's USD 16 billion deal with American retailer Walmart& Read More +

Vikram Solar gets 140-MW unit order from NTPC

New Delhi: Renewable energy solution provider Vikram Solar Wednesday said it has got a 140-megawatt (MW) project order from state-run power giant NTPC Ltd. "Vikram Solar claimed a 140-MW solar plant project from NTPC Limited. T Read More +

Niti Aayog for liberalising mineral mining policy to cut imports

New Delhi: The government is considering liberalising the exploration and licensing regime for mineral exploration in India to attract big-ticket private investment in the sector.

The plan includes an “Explore in India&rdqu Read More +

FPIs invest Rs 5,400 crore in Dec on slump in crude prices, strengthening rupee

New Delhi: Foreign investors have infused more than Rs 5,400 crore in the Indian capital markets this month so far on persistent drop in global crude oil prices and strengthening rupee.

This comes following a 10-mo Read More +

NLC conducts boiler light-up test for thermal power projects first unit

New Delhi: State-owned NLC India Sunday said it has achieved a critical milestone towards commissioning of 1,000 MW Neyveli New Thermal Power Project (NNTPP) by successfully conducting the boiler light-up test for the Read More +

Haryana plans to issue 44,000 tube well power connections in 6 months

Chandigarh: The Haryana government Thursday said about 44,000 tube well connections pending since January 1, 2014, will be issued to farmers of the state in the next six months. Chief Minister Manohar Lal Khattar said the gover Read More +

MSEDCL plans floating solar power project on Ujani dam

New Delhi: Water bodies, such as reservoirs and canals, in the state will be used to set up floating solar power projects.  The Maharashtra State Electricity Distribution Company Ltd (MSEDCL) has initiated t Read More +

Coal India gets 1.5 times premium at e-auction

New Delhi: Coal India has managed to command an average premium of one and half times the floor price for 5.99 million tonnes (mt) coal booked by consumers in the non-power sector at a recent e-auction for five-year supply term Read More +

India races against the clock to rescue 'rat-hole' miners

New Delhi: Indian rescuers desperately battled rising water levels and a lack of effective machinery Tuesday in a race against the clock to reach 15 miners trapped for nearly two weeks in a flooded mineshaft. 

The so-called Read More +

Azure power qualifies for technical round, government discussing tariff

New Delhi: The government is negotiating tariffs with New York-listed Azure Power, the only developer that responded positively to the manufacturing-linked solar tender.

Solar Energy Corporation of India(SECI) floated a Read More +

Solar power industry wants more clarity on GST rates applicability

JAIPUR: Solar power project developers breathed a sigh of relief after the GST Council on Saturday clarified that renewable energy devices and parts will be taxed at 5%, while the services will attract 18% GST. In the Read More +

PowerGrid gets shareholders nod to raise FPI shareholding limit to 35%

New Delhi: State-owned power utility Power Grid Corporation Thursday said that it has got shareholders' approval to raise shareholding limit of Foreign Portfolio Investor (FPI) to 35 per cent from 30 per cent at present.

Read More +

Hyderabad- Go for solar energy, urges ESL Narasimhan

HYDERABAD: Insisting that solar power is the way forward to overcome energy woes, governor ESL Narasimhan favoured solar power panels in every residential complex in Hyderabad. 

He went on to advise the G Read More +

GE Renewable Energy, GE Energy Financial Services partner for wind project

New Delhi: GE Renewable Energy and GE Energy Financial Services have partnered to provide technology and advisory support for its flagship onshore wind project in Sub-Sahara Africa. Kipeto Energy Plc's 100 Megawatt (Mw) win Read More +

India loses $86 billion annually to power sector distortions- World Bank

New Delhi: What could be the total economic cost imposed by distortions in the power sector on the Indian economy annually? The figure was a staggering $86.1 billion, or roughly 4.13 per cent of the gross domestic product& Read More +

Rs 20,000 crore to be invested in Odisha in bio gas sector

New Delhi: Petroleum minister Dharmendra Pradhan here on Sunday said Rs 20,000 crore will be invested in Odisha within five years for setting up of around 500 compressed bio gas (CBG) plants to turn waste materials in Read More +

Outcome of climate talks in Poland positive- India

New Delhi: India termed "positive" the outcome of climate talks in Poland as it sets nations on the path for successful implementation of the historic Paris Agreement, and asserted it engaged in the negotiations "constructively Read More +

Reliances Nov oil imports down 9 per cent from Oct- Trade sources

New Delhi: India's Reliance Industries, owner of the world's biggest refining complex, imported nearly 9 percent less oil in November compared with October and did not purchase Iranian oil, according to data from shipping and ind Read More +

Karnataka awards solar power projects of 80 Mw capacity to Tepsol

New Delhi: The Karnataka government has awarded solar power projects of 80 MW capacity to TEPSOL Projects, a joint venture between Think Energy and EverStream Capital.

This takes the firm's Karnataka Read More +

Haryana govt starts new scheme to recover pending power dues

Chandigarh: The Haryana government has started a new scheme for defaulters who have not cleared their pending electricity dues since 2005.

Under the scheme, which will end on December 31, the Dakshin Hary Read More +

Land for Ratnagiri refinery should be available by 2019- B Ashok, Ratnagiri Refinery CEO

New Delhi: The process of acquiring land for the ambitious Ratnagiri refinery project in Maharashtra should be over by end 2019 as work on the ground for the refinery has to start by 2020, B Ashok, Chief Executive Officer (CEO) of Ratnag Read More +

Investors managing $32 trillion in assets call for action on climate change

London: Global investors managing $32 trillion in assets have called on governments to accelerate steps to combat climate change, as policymakers meet for talks at a United Nations conference in Poland.

A total of 415 invest Read More +

Indias coal output up 10% to 156 million tonne during April-November

New Delhi: India's coal import rose 9.7 per cent to 156.08 million tonne (MT) in the April-November period of the ongoing fiscal, as against 142.25 MT in the corresponding months a year ago, according to mjunction services Ltd, Read More +

India likely to commission 720 Mw hydro power project in Bhutan- Foreign Secy

NEW DELHI: India is likely to commission a major hydropower project in Bhutan this month, Foreign Secretary Vijay Gokhale has said, vowing to strengthen bilateral collaboration in the energy sector.

In his address Read More +

India could gain $8 trillion with climate battle- Special WHO report

NEW DELHI: India can get massive health benefits worth $3- $8 trillion by making efforts to limit global warming to 1.5°C by the end this century, says a special report by the World Health Organisation (WHO) released at the UN climate conferen Read More +

Tamil Nadu asked to identify sites for wind and solar power projects

Chennai: Union ministry of renewable power has asked Tamil Nadu and other states to identify locations where solar and wind power projects could be set up. Once the survey is completed, the ministry will fix tariff for solar an Read More +

Niti Aayog-led panel mulls free-market pricing for all local natural gas

New Delhi: A panel led by the Niti Aayog vice chairman is actively considering free-market pricing for natural gas produced from all fields, a major market-friendly reform that oil companies say is necessary to boost domestic output.

Modi govt to change customs duty architecture to boost trade, ease of doing business

NEW DELHI: After rolling out the most comprehensive indirect tax reform – the goods and services tax – the Narendra Modi-led NDA government is set to unleash the next generation of changes to the customs duty architecture to Read More +

SmartE aims to raise up to $20 million to fund next round of expansion

The country's largest electric vehicle fleet operator SmartE plans to raise around USD 20 million to expand its operations to around 20 major cities across the country over the next four years, a top company official said.

Read More +

Maharashtra women to protest against inflated power bills on Friday

Mumbai: Women activists from Mumbai Mahila Congress (MMC) will protest outside 15 railway stations here on Friday evening over “inflated” power bills of Adani Electricity and recent hik Read More +

Amitabh Kant pitches for ban on usage of fossil fuel-based gensets

New Delhi: Stressing on tough steps to reform power sector, Niti Aayog CEO Amitabh Kant Tuesday pitched for ban on use of fossil fuel-based gensets saying that the government needs to do it before a court order six Read More +

Trump energy nominee clears hurdle after fossil-fuel remarks

Washington: A Senate committee has approved the Trump administration's nominee for the top federal energy board after a video surfaced showing him declaring that renewable energy "screws up" the nation's electrical Read More +

Solar plants commissioned at Alandur, St Thomas Mount metro stations

Chennai: Chennai Metro Rail has commissioned solar power plants at Alandur and St Thomas Mount metro stations with a total capacity of 1120 KW. Solar plants have been installed on rooftops at these metro stations.&nbs Read More +

JSW Energy MD says no new capacity to turn power sector profitable

NEW DELHI: Power sector will be a profitable business again in two years as no fresh capacity is being added to cater to the rising demand, JSW Energy managing director Prashant Jain said, adding the company seeks to Read More +

Hybrid solar and wind tender will see reverse auction among two bidders

NEW DELHI: The government will go ahead with the reverse auction for its first solar and wind hybrid tender which will see the two bidders, Adani Green Energy and Softbank-backed SB Energy, competing for a cumula Read More +

India records lowest crude oil production in seven years

New Delhi: India produced 20,294 Thousand Tonne of crude oil in the first seven months of the current financial year (April-October 2018), the lowest output recorded in the past seven years during the same period, according to fresh data sourced f Read More +

European Investment Bank, SBI expand cooperation in wind energy financing

New Delhi: The European Investment Bank (EIB) on Friday said it will increase its support for India's wind energy projects by expanding the existing lending programmes with SBI. 

EIB and SBI have agre Read More +

Adani bags CGD contracts for 22 locations- becomes largest private city gas player

New Delhi: Adani Gas Ltd, the City Gas Distribution (CGD) arm of the Ahmedabad-based Adani Group, today announced it has become the largest private sector CGD player in the country by bagging authorization to expand footprint in 13 Read More +

ONGCs natural gas production at all-time high of 70 mmscmd

New Delhi: State-owned Oil and Natural Gas Corp's (ONGC) natural gas production has hit an all-time high of about 70 million standard cubic meters per day as it doubles up efforts to raise domestic output to curb imports, sources pri Read More +

358 infra projects show cost overruns of over Rs 3.37 lakh crore

New Delhi: As many as 358 infrastructure projects, each worth Rs 150 crore or above, have shown cost overruns to the tune of over Rs 3.37 lakh crore owing to delays and other reasons, a report said. The Ministry of Statistics and Programme Im Read More +

Developers still reluctant to bid for solar power assets

Mumbai: Developers continue to show reluctance to bid for solar power assets, putting question marks over future growth in this industry, once considered as a sunrise sector. 

Recent tenders of Solar Energy Corpora Read More +

Terms of 10 GW solar tender unlikely to be relaxed

NEW DELHI: The government is unlikely to relax the terms of a 10 GW solar tender linked with manufacturing of solar equipment and industry sources anticipate that the tender could be cancelled if the response to bid submission due next week remain Read More +

41% rise in renewable energy sourced by companies- RE100 report

New Delhi: A dramatic upsurge in demand for renewable energy from ambitious multinational companies was now shifting markets away from fossil fuels in more than 140 markets worldwide, a RE100 report said on Thursday.

Read More +

Niti Aayog plans policy for coal self-sufficiency

New Delhi: Niti Aayog plans to come out with a policy prescription on how India should meet its demand for coal in domestic power and non-power sectors to cut imports of the fossil fuel over the next 10 years.

Renewables should learn from thermal power plant woes- Sumant Sinha of ReNew Power

ReNew Power chairman Sumant Sinha, ET Entrepreneur of the Year, said stress in the thermal sector serves as a lesson for renewable energy developers in India, but aggressive bidding to drive tariffs down is something that Indian Read More +

Milestone- 10% of Indias total electricity output now comes from renewable power

Despite a slowing of the pace at which solar power projects are being built owing to tariffs plunging to levels unviable for the developers, the country has crossed a milestone on the renewable energy front. Renewable-power units (solar and wind) Read More +

IEA finds Indias rural electrification one of greatest success stories this year

New Delhi: India’s move to energise every village in the country with electricity is one of the greatest success stories in the world this year; providing clean cooking fuel to people is another laudable achievement that will reduc Read More +

SECI increases ceiling price for two tenders to woo developers

New Delhi: Solar Energy Corporation of India (SECI) has raised the ceiling price it had set for two recent innovative tenders by 10 paise per unit of power to induce more developers to bid for the projects after tepid response in previou Read More +

Adani Transmission to buy KECs transmission firm for Rs 227 crore

NEW DELHI: Power firm Adani Transmission has signed an agreement to buy entire stake in KEC International's Rajasthan-based power transmission arm at an enterprise value of Rs 227.5 crore.

& Read More +

SECI auction for Maharashtra solar park put off indefinitely

BENGALURU: Developers’ interest in Solar Corporation of India’s (SECI) auctions hit a nadir when Tata Power Renewable Energy was the sole bidder on Wednesday for an auction for 50 MW at Dhodhainicha Solar Park in Maharas Read More +

West Bengal government looks to sell 30% of coal output in open market

New Delhi: The West Bengal government is keen on entering commercial coal mining and intends to sell 25% to 30% of its output in the open market from the world’s second largest block allotted to the state earlier this yea Read More +

Indias Petronet, ONGC Videsh eye stake in Tellurian project

New Delhi: India's Petronet LNG and ONGC Videsh are jointly in talks about buying a stake in Tellurian Inc's proposed Driftwood project in Louisiana, Petronet's managing director said on Friday.

&q Read More +

Coal block winners can sell excess output to Coal India at 15% discount

Kolkata: Successful bidders in the current round of coal block auction will be allowed to sell their production beyond 100% of their planned capacity to Coal India at a 15% discount on the state-owned company’s notified p Read More +

Govt may step up disinvestment drive with power PSUs mergers

New Delhi: The government is looking to execute at least two mergers among central public sector enterprises (CPSEs) in the power sector to step up the disinvestment process and meet its target.

It may kicksta Read More +

SECI postpones hybrid auction for fifth time- justifies low ceiling tariff

BENGALURU: The Solar Energy Corporation of India (SECI) has postponed its first major hybrid tender for 1200MW – where developers are required to set up a solar and a wind generating plant at the same site – for the Read More +

Rs 1.9 lakh crore benefit to power companies post Gujarat bailout

New Delhi: Two consumer-interest NGOs, the original applicants in the 2017 Supreme Court case challenging tariff hike allowed to Tata, Adani and Essar group power plants in Gujarat, have told the apex court that the bailout package recom Read More +

Captive coal miners allowed to sell 25% output in open market

New Delhi: The government has allowed captive coal block owners to sell 25% of their production in open market and provided some flexibility in coal output as it kick-started a fresh round of captive coal auctions on Thursday after a gap Read More +

The auction process for debt ridden Bhushan Power has been compromised- Tata Steel

New Delhi: The auction process for debt ridden Bhushan Power has been compromised, Tata Steel said on Thursday, making its first public comment on the bidding race where it was overtaken by JSW Steel even after being Read More +

Govt looks to relax norms for setting up petrol pumps

New Delhi: The government is mulling relaxing norms for setting up petrol pumps as it is keen on getting more private players into fuel retailing so as to increase competition. The Oil Ministry has set up an expert committee to Read More +

Exchange in the works to discover local gas price

New Delhi: The government is planning a major gas-pricing reform by permitting trading of all domestic supply on a local exchange, slated for year-end opening, a move that would help discover the market price for gas locally and render current&nbs Read More +

New material harvests Sun's heat for cheaper electricity generation

Washington: Scientists have developed a material that can be used to harvest electricity from the Sun's heat, paving the way for generating cheaper solar power on cloudy days and at nighttime. The innovation is an important Read More +

Korea power firm warns India of arbitration over fuel supply issue

New Delhi: Korea’s state power utility has begun arbitration proceedings against India for not honouring fuel supply commitment to its gas-based power plant in Maharashtra. Korea Western Power Company (Kowepo) owns 40% in Pioneer G Read More +

NTPC to raise $150 mn in foreign currency loan

New Delhi: NTPC, India's largest electricity producer, plans to raise $150 million in foreign currency term loan to finance its capital expenditure, according to a company document. 

NTPC on Thursday invit Read More +

Oil refiners profit will fall on high crude prices- RIL

New Delhi: Crude oil prices will remain high in the near term, while petrol supply will increase globally, which will reduce the profit a refiner makes from producing fuel, Reliance Industries, which runs the world’s biggest refining co Read More +

India likely to add up to 8.5 Gw renewable energy capacity in current fiscal- ICRA

New Delhi: India is likely to add between 8 Gigawatt (Gw) and 8.5 Gw of renewable energy generation capacity in the current financial year ending March 2019 followed by healthy growth next fiscal (2019-20) too, according to research and Read More +

Edelweiss Infra-backed Sekura buys Essels four Power Transmission Projects for 800 million dollar

Mumbai: Sekura Energy Ltd, backed by Edelweiss Infrastructure Yield Plus (EIYP) fund, will acquire two operating power transmission assets from Essel Infraprojects Ltd- namely Darbhanga-Motihari Transmission Limited and NRSS XXXI (B) Tra Read More +

Jaiprakash, RKM, 5 others bag 1,900 MW power supply deals

NEW DELHI: Seven companies including RKM PowerGen, Jaiprakash Associates and MB Power have secured contracts to supply 1,900 MW of power to five states.

Power Finance Corp Consulting Ltd, a wholly-owned subsidiary of state-o Read More +

JSW Energy puts solar power plans on backburner over policy uncertainties

Himachal Pradesh: As uncertainties loom over the solar power sector, mainly on the policy front, the Sajjan Jindal-led JSW Energy has put its ambitious expansions plans in the segment on the backburner. 

Read More +

Gujarat to seek SC stamp on rescue plan for power plants

New Delhi: The Gujarat government and its discom, Gujarat Urja Vikas Nigam, will on Friday seek the Supreme Court’s consent for implementing a plan allowing the Tata, Adani and Essar groups to pass on increased fuel costs of t Read More +

IOC to invest Rs 5,463 crore in city gas network in 7 districts

New Delhi: State-owned Indian Oil Corp (IOC) on Thursday said it will invest Rs 5,463 crore in setting up city gas distribution network for retailing CNG to automobiles and piped cooking gas to households in seven districts.&nb Read More +

BHEL bags Rs 2,900 cr orders from NTPC for emission control equipment

New Delhi: Bharat Heavy Electricals Ltd (BHEL), the country’s largest power equipment manufacturer, today announced it has bagged four order worth Rs 2,900 crore from state-run power generator NTPC Ltd for suppl Read More +

Panel proposes relief for mega Rs 50,000 cr power projects

NEW DELHI: Relief is in sight for Rs 50,000 crore mega imported coal-based projects of Tata Power, Adani Power and Essar Power with an expert committee recommending that fuel cost should be passed on to consumers prospecti Read More +

Spot power bids hit ceiling as states rush for purchase ahead of elections

NEW DELHI: Preparations for the upcoming elections have set the spot power market on fire, with state power distribution companies offering to pay more than the asking price just to ensure consistent supply.

D Read More +

Orange Renewable a done deal, Greenko in final talks to acquire Tanti Co

MUMBAI: Greenko Group is acquiring Orange Renewable from Singapore’s AT Capital Group for an enterprise value of $850 million, ending weeks of intermittent negotiations.

Hyderabad-headquartered Read More +

Spot power rate at decade high of Rs 18 per unit

Kolkata/New Delhi: Spot power prices shot up to a record Rs 18 per unit on Wednesday as many states bought large volumes at high prices to meet rising demand while supply languished.

This is the highest spot power Read More +

Acme solar mulls putting 650 MW of capacity up for sale

New Delhi: Acme Solar, which had bid aggressively to push solar tariffs in India to record lows, is considering putting 650 megawatts of capacity on the block, as it weighs various options for the future, multiple people aware of de Read More +

Saudi shelves $200 bln SoftBank Solar project- WSJ

New Delhi: Saudi Arabia has shelved a $200 billion plan with SoftBank Group Corp to build the world's biggest solar-power-generation project, the Wall Street journal reported on Sunday, citing Saudi government officials. Read More +

If you delink Aadhaar, oil firms will need bank account details again for gas subsidy

New Delhi: Cooking gas consumers wishing to delink Aadhaar from their bank account after the Supreme Court verdict on the biometric identity will have to provide their bank account details again to oil companies to keep subsidy flowing i Read More +

Indian electric vehicle start-up gets angel funding to bolster leadership status

Bengaluru: Electric vehicle start-up Strom Motors (E14 Technologies Pvt Ltd) on Thursday said it has secured angel funding from Indian Angel Network (IAN).

The investment would help the Mumbai-based Read More +

Solar developers skip bidding, new date for submitting bids Oct 12

New Delhi | Bengaluru: India’s efforts to promote domestic solar manufacturing through a large-scale tender have received damp response as most project developers did not submit bids, forcing authorities to extend the deadline for Read More +

Reverse bidding in renewable energy sector to continue- R K Singh

New Delhi: The government will not accept any unreasonable bids for renewables like solar and wind and continue to conduct auctions via reverse bidding as it is transparent, Union Minister R K Singh said Tuesday. 

Read More +

Winning power tariff inches up to Rs 2.77 per unit

Bengaluru- Wind power tariffs climbed in the latest auction of 1,200 MW of projects, reflecting concerns by developers over higher costs of transmission. Winning tariffs in the auction held on Tuesday were in the range of Rs 2.76-2.77 pe Read More +

West Bengal to commission floating solar power plants next year

KOLKATA: The West Bengal government is the process of commissioning floating solar power plants by next year, state minister for power and non-renewable energy Sobhandev Chattterjee said.

The two plants would Read More +

India will register highest GDP, energy growth among nations through 2040- OPEC

New Delhi: India’s economy will grow at the fastest pace through 2040 and the country’s oil demand growth will remain the fastest globally, in a market that will likely require investments of over $11 trillion. These are the key findin Read More +

MSEDCL plans to set up 500 electric vehicle charging stations

NAGPUR: State-run power utility MSEDCL plans to set up 500 electric vehicle charging stations across Maharashtra to encourage use of green energy by automobiles, an official said Thursday.

Read More +

Lenders to decide on stressed power projects by October 10

NEW DELHI: Top lenders to power projects including State Bank of India, Punjab National Bank, Power Finance Corp and others have agreed to decide the fate of a dozen stressed assets totalling about 13,000 MW by October 10. Read More +

BHEL wins orders worth Rs 40,932 crore in FY18, declares 91 per cent dividend

New Delhi: State-run engineering major Bharat Heavy Electricals(BHEL) booked orders worth Rs 40,932 crore in 2017-18, registering 74 per cent jump from the previous financial year, its Chairman and Managing Director Atul Sobti& Read More +

Tata Power, India Power Corp bid for Odisha discom

NEW DELHI: Tata Power and Hemant Kanoria-controlled India Power Corporation Ltd have bid to acquire Odisha’s Central Electricity Supply Utility (CESU), being privatised again after 17 years.

This is firs Read More +

Solar project developers seek reversal of cap in tariffs

NEW DELHI: Solar project developers have cautioned the government that the decision to cap tariffs in future auctions at Rs 2.50 per unit needs to be reversed because it will make projects unviable as their bids are determined by changes Read More +

Lenders reluctant to fund renewable energy projects, Power Minister calls stakeholders meet today

New Delhi: Lenders are becoming reluctant to fund renewable energy projects in the country, prompting power minister RK Singh to call all stakeholders on Wednesday to address the concerns of the sector.

Falling tar Read More +

Delhi High Court to hear petition against fuel price hike today

NEW DELHI: A public interest litigation (PIL) seeking the sale of petrol and diesel at reasonable prices instead of letting oil companies increase the rates exorbitantly was filed in the Delhi high court on Tuesday.

Read More +

Tata Power to offer suite of services in rooftop solar drive

New Delhi: India's Tata Power Company plans to offer a range of services from advice and financing to installation and maintenance as it strives to increase its share of the market for rooftop solar panels, a senior executive said on Read More +

Maharashtra to launch new industrial policy draft today

Nashik: The state government is all set to launch the draft of the new industrial policy in Mumabi on Monday that will be attended by office-bearers of Nashik Industries & Manufacturers’ Association (NIMA) and Ambad Industries Read More +

The second tender for 10,000 electric cars will be floated soon- Saurabh Kumar, MD, EESL

Saurabh Kumar, Managing Director of Energy Efficiency Services Ltd (EESL) is working hard to implement the government's massive energy efficiency drive through electric vehicles, LED lighting, smart meters, demand side mana Read More +

ONGC discovers oil and gas reserves in Madhya Pradesh, West Bengal

New Delhi: State-owned Oil and Natural Gas Corp (ONGC) has made oil and gas discoveries in Madhya Pradesh and West Bengal that may potentially open up two new sedimentary basins in the country, the firm's director for explo Read More +

RBI refuses to relax norms for ARC to warehouse stressed power projects

New Delhi: The Reserve Bank has turned down the Power Ministry's request to give certain concessions for setting up of an Asset Reconstruction Company (ARC) for warehousing stressed assets to prevent distress sale of these plants, a Read More +

Biodiesel Association of India plans to make biodiesel from used cooking oil

AHMEDABAD: To manufacture biodiesel from used cooking oil, the Biodiesel Association of India (BDAI) aims to collect 1 crore litres of used cooking oil in Gujarat, through the two lakh registered food vendors in the state. 

Government rules out excise duty cut as petrol, diesel prices hit fresh high

NEW DELHI: The government will not cut excise duty on petrol and diesel to cushion spiralling prices, which touched fresh highs Tuesday, as it has limited fiscal space available to take any dent in revenue collections, a top official sai Read More +

External factors behind fuel price rise- Pradhan

Surat: Union Petroleum and Natural Gas Minister Dharmendra Pradhan Sunday blamed "external factors" for the rise in domestic prices of petrol and diesel, but said the increase is temporary. Talking to reporters on the sidelines of a Read More +

With eye on tariffs, ministry tweaks eligibility for solar tender

New Delhi: The government has scaled down the component manufacturing requirement under its first such solar tender where developers must also agree to locally produce equipment to win projects.

The manufacturing compon Read More +

Capping solar power tariffs could hurt projects viability, capacity target

New Delhi: Any cap on solar power tariffs imposed in future auctions could dampen free-market sentiment, negatively impact the viability of projects and prove to be an Achilles heel for the government’s plan to achieve the sol Read More +

SECI's fresh wind energy tender for 1,200 Mw sees better response

BENGALURU: The Solar Energy Corporation of India’s revised wind tender following cancellation of the earlier one has attracted a marginally better response as transmission issues continue to worry developers. The original Read More +

Indian renewables sector to see strong growth, favourable policy support- Report

New Delhi: Renewables sector in India is expected to see strong growth and favourable policy support going forward as traditional fossil fuel power projects are facing growing transition risks, an HSBC report says. Ac Read More +

MP's RESCO tender attracts over 31 bidders for 35 MW solar rooftop

New Delhi: A tender floated by Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL) for 35 MW of solar rooftop power attracted 31 bidders, and received the country's lowest tariff quote of Rs 1.58 per unit. 

"Madh Read More +

India commissions first wind project connected to inter-state transmission system

New Delhi: The government today announced the country’s first wind power project connected to the Inter-State Transmission System was commissioned today by Ostro Kutch Wind Private Ltd in Gujarat.

State-owned  Read More +

Government looks to meet 75% of FY19 selloff target by December

New Delhi: The government is looking to complete nearly three-fourths of its disinvestment target by the end of December and has a pipeline of about 15 companies in which it will sell stakes to achieve this interim goal.

Tata-backed Resurgent Power makes better offer for Prayagraj Power

New Delhi: Resurgent Power Ventures, a company backed by the Tata Group and ICICI Ventures, has submitted what may be a better offer for Prayagraj Power Generation Company than JSW Energy’s bid, even though they both Read More +

Government sets schedule for state entities to float solar power tenders

NEW DELHI: The government has set a schedule for state companies and official agencies to float solar tenders in a move aimed at spacing out the offer of large project capacities and preventing distortion of the market.

Read More +

HC stays order slashing tariffs of incentivised wind power generators

NEW DELHI: The Andhra Pradesh High Court has stayed the state regulator’s order that reduced tariffs of electricity supplied by wind projects that received generation-based incentive (GBI) from the Centre.

Read More +

Adani Green Energy acquires AGEPteL to invest in international renewable business

New Delhi: Adani Green Energy today said it has acquired 100 per cent stake of Adani Green Energy Pte Ltd (AGEPteL) from its Group firm Adani Global Pte Ltd. AGEPteL was incorporated in March 2017 for investment in in Read More +

Wind power tariffs rise in NTPC's 1,200 Mw auction

New Delhi: Tariffs climbed substantially in the latest reverse auction of 1,200 MW of wind power projects, held by NTPC.

In the first wind project auction in four months, winning tariffs reached Rs 2.77-2.83 per unit. T Read More +

Vedanta to invest $2.3 billion towards capex on oil and gas in near term

New Delhi: Vedanta Limited has said it will be investing USD 2.3 billion towards capex on its oil and gas activities in the 'near term' to increase the reserve base by around 375 million barrels.

According to it Read More +

Govt bets on power sector to meet divestment target

NEW DELHI: With a strategic sale of public sector companies such as Air India (AI), Hindustan Copper and Mecon off the table until next summer’s general elections, the government is eyeing state-run players in the power s Read More +

NTPC to set up a subsidiary for coal mining soon

New Delhi: State-run power giant NTPC will soon set up a subsidiary to handle its coal mining operations and also plans to enter commercial coal mining after meeting its requirement, an official said. The power sector Read More +

Govt asks power plants to increase generation to build coal inventories

KOLKATA: The government has asked state-run power plants holding large fuel stocks to increase generation to allow others to run at a lower capacity and build inventories before the festive season.

At present, 117  Read More +

IOC says will invest Rs 20,000 crore in city gas projects in 5-8 years

NEW DELHI: Indian Oil Corp (IOC), the nation's largest oil company, plans to invest Rs 20,000 crore in city gas distribution projects in next 5-8 years as it bets big on gas business to complement its traditional oil refining and mar Read More +

Finance ministry defers safeguard duty on solar cells in view of court order

New Delhi: The finance ministry today said that safeguard duty will not be insisted upon on import of solar cells for the "time being" in deference to interim directions passed by the High Court of Orissa. L Read More +

Preference for state utilities led to power sector stress- RBI

NEW DELHI: The Reserve Bank of India (RBI) has said that stress in the power sector has been caused by state-run utilities being favoured at the expense of private ones amid an escalating row with the government over the centra Read More +

Madras High Court allows solar import release without paying safeguard duty

Bengaluru: In a new twist to the imposition of safeguard duty on imported solar panels and modules from July 30, the Madras High Court permitted Shapoorji Pallonji Infrastructure to get its consignment of panels from Read More +

India to invest Rs 3.85 lakh crore to set up 77,000 Megawatt solar capacity

New Delhi: India is likely to invest Rs 385,000 crore for setting up 77,000 Megawatt of solar power generation capacity by 2022, Power and New and Renewable Energy Minister R K Singh said today. 

Read More +

India to explore China's participation in International Solar Alliance

NEW DELHI: The Ministry of New and Renewable Energy (MNRE) has been asked to explore with its Chinese counterpart the possibility of China joining the International Solar Alliance (ISA), a move that could be instrumental in imp Read More +

India to comfortably achieve 100 GW solar energy target by 2022- Government

New Delhi: India is all set to comfortably achieve 100 GW of solar energy capacity by 2022 and has already installed solar capacity of 23.12 GW till July this year, Parliament was informed today.

The data regarding generation of Read More +

World Reaches 1,000GW of Wind and Solar, Keeps Going

August 2, 2018

Bloomberg NEF data indicate that the world has attained the landmark figure of 1TW of wind and solar generation capacity installed. We estimate that the second terawatt of wind and solar will arrive by mid-2023 and Read More +

Suzlon eyes 30% of 20,000 MW wind capacity to be installed by FY21

MUMBAI: Leading wind turbine maker Suzlon is looking to capture about 30 per cent of the 20,000 megawatt (MW) of wind capacity likely to be commissioned by financial year 2020-21, a senior company executive said.

Read More +

Discom plans Rs1.25/unit levy on rooftop solar prosumers

Nagpur: Going against the policy of state government to promote solar power, MSEDCL has proposed to levy a surcharge of Rs1.25 per unit on solar rooftop prosumers. Prosumer is a person who produces and consumes a product.

SECI okays lowest solar auction bid, cancels rest

New Delhi: Solar Energy Corporation of India, the nodal agency for implementing National Solar Mission, has cancelled all but the lowest priced projects allotted in its mega solar auction held on July 13, multiple people familiar with th Read More +

DIPP starts programme for startups in energy sector

NEW DELHI, AUG 2

The commerce and industry ministry today said Invest India has joined hands with energy companies to offer its three-month programme for startups in the sector.

Initiatives to promote budding entrepreneurs are Read More +

Safeguard duty to jack up solar tariffs by 35 paise, dent solar's competitiveness- Experts

New Delhi: The government’s latest decision to levy safeguard duty on solar cells imported from China and Malaysia is likely to jack up capital costs of solar power projects by 15 per cent resulting in a 30-35 paise per u Read More +

Coal India may invite global firms to extract coal bed methane

KOLKATA: State-run Coal India is considering outsourcing coal bed methane production to global operators and will set aside Rs 3,000 crore to part-finance the initiative, company executives said.

“We plan to appoi Read More +

NITI Aayog proposes nodal energy ministry to streamline governance

New Delhi: The NITI Aayog has proposed a common nodal energy ministry on the lines of the model followed in various other countries to streamline governance among different ministries and departments pertaining to the crucial s Read More +

Uttar Pradesh annuls 1000 MW solar auction without citing any reasons

Bengaluru: Uttar Pradesh cancelled a 1000 MW solar auction it held earlier this month without citing any reasons but industry sources said it could be because the state government felt the tariff quoted was too high.

Read More +

Karnataka overtakes Tamil Nadu in renewable energy, says US-based IEEFA

New Delhi: Karnataka is the new national leader in renewable energy generation, US-based Institute for Energy Economics and Financial Analysis (IEEFA) said on Tuesday.

It has overtaken Tamil Nadu tha Read More +

NTPC board to consider plan to raise Rs 12,000 crore via NCDs this week

New Delhi: State-owned NTPC today said its board will this week consider proposal to raise up to Rs 12,000 crore through issuance of non-convertible debentures. The board will meet on July 28, the PSU said in a filing to BSE. 

Read More +

Government may favour more time for stressed power companies

New Delhi: The government is likely to recommend that bankruptcy proceedings for stressed power plants should kick in after 360 days of default, giving relief to banks and companies that are struggling to meet the 180-day deadl Read More +

Indian Oil investing over Rs 11,900 crore in Bengal for various projects

New Delhi: State-run oil marketing company Indian Oil Corporation is investing over Rs 11,900 crore in West Bengal for various infrastructure and capacity enhancement projects, an official said on Monday.

Read More +

The U.K. Just Went 55 Hours Without Using Coal for the First Time in History

Coal, which fueled the world’s biggest economies for more than a century, is increasingly losing out to renewables.

The latest example of how one of the dirtiest fossil fuels is being squeezed out of the market came this week in Br Read More +

First tender for 1,000 Mw solar power capacity in DSIR likely in August

New Delhi: The first tender for the 1,000-megawatt (mw) solar capacity in the Dholera Special Investment Region (DSIR) in Gujarat is likely to be issued next month, a senior official has said.

The DSIR is proposed to ha Read More +

This Rs 8,000 crore solar power scheme may help Indian firms boost manufacturing

New Delhi: A new 12 Gigawatts solar energy scheme, which has been deftly crafted to mandate local manufacturing without violating WTO’s trade rules, is in the final stages of approval, and will help local industry withsta Read More +

Safeguard duty on imported modules will raise solar power tariffs up to Rs. 3 per unit- ratings agencies

Mumbai: Solar power tariffs will rise to ₹2.9-3.2 per unit if the government imposes a safeguard duty on solar modules imported from China and Malaysia, as recommended by the Directorate General of Trade Remedies Read More +

Stressed power assets- HC refuses to stay RBIs Feb circular, to hear plea on Aug 2

The Allahabad High Court on Wednesday refused to stay the Reserve Bank of India’s February circular that had mandated early detection and time-bound resolution of stressed assets, sources said. However, the HC has said until it hears the cas Read More +

Mytrah Energy bags 100-Mw wind power project in Maharashtra

New Delhi: Independent power producer Mytrah Energy (India) (MEIPL) on Tuesday announced it has bagged a contract for setting up a 100-Megawatt (Mw) wind power project from Maharashtra State Electricity Distribution Company Ltd Read More +

Indias renewable energy investments topple fossil-fuel for the first time in 2017- IEA

New Delhi: Investment in India’s renewable energy sector overtook those made in the country’s fossil-fuel based power generation projects for the first time in 2017, Paris-based International Energy Agency (IEA Read More +

Rs 1 crore ISRO's lithium ion cell technology gets overwhelming initial response

New Delhi: Over 130 companies have shown interest in the Indian space agency's lithium ion cell technology and the pre-application conference will be held on Tuesday, said a senior official.

"The response to our announce Read More +

Revamp of coal auction rules- Business-friendly reforms on cards

NEW DELHI: The coal sector is poised for a round of business-friendly reforms after being opened up for private commercial mining.

An high-power committee, headed by former Central Vigilance Commission Pratyus Read More +

Electricity bills for Maharashtra consumers may rise 5-6 per cent

MUMBAI: Maharashtra State Electricity Distribution Company Ltd (MSEDCL), which supplies power to parts of Mumbai, Navi Mumbai, Thane and rest of state, has proposed a hike of 5-6% in electricity charges for residential consumer Read More +

June retail inflation hits 5-month peak of 5 percent industrial growth slows

New Delhi: Inflation based on consumer price index (CPI), or retail inflation for the month of June came at 5 per cent, government data showed on Friday.

In May, the inflation stood at 4.87 per cent.

EESL signs pact to install 1 million smart electricity meters in Haryana

New Delhi: Energy Efficiency Services Limited (EESL), an arm of the power ministry, today announced it has signed two pacts with Haryana power discoms to install 1 million smart electricity meters in th Read More +

Solar power tariffs rise by more than a rupee in latest auction

Bengaluru: Solar power tariffs in the latest auction have risen by more than one rupee above the record low of Rs 2.44 per unit, which industry insiders say reflected the bidders’ concern about land acquisition in Uttar Prades Read More +

Proposal for solar-powered ferry boats gains steam

Panaji: Paving way for innovation, the river navigation department (RND) is all set to include the eco-friendly technology of a solar-powered ferry launch service in the state. This service will operate on the Panaji-Aldona route.

Power Ministry mulls Rs 50 crore reward for discoms under Saubhagya

New Delhi: The power ministry is mulling a reward of Rs 50 lakh for state utilities employees and a grant of Rs 50 crore for discoms which will meet household electrification target under Saubhagya scheme at the earliest. Read More +

ACME bags 600 Mw solar power project in SECI tender

New Delhi: Solar power developer ACME today announced it has bagged the contract for a 600 Megawatt (Mw) Solar Photo Voltaic project in a reverse auction conducted by Solar Energy Corporation of India (SECI) at a tari Read More +

Hope flickers for troubled power projects in Gujarat

Shimla: Stressed power projects of Adani, Tata and Essar groups may get a favourable package soon as a panel headed by a former Supreme Court judge has been appointed to resolve issues of Rs 40,000 crore of projects idling or underu Read More +

India to auction 40 GW renewables every year till 2028

New Delhi: India will auction 40 GW of renewable energy projects comprising 30 GW solar and 10 GW wind every year for the next 10 years till 2028, indicating huge potential for domestic manufacturers and developers, a senior of Read More +

BESCOM asks 110 green energy developers to pay transmission charges

Bengaluru: Karnataka’s main power distribution company has asked 110 renewable energy developers to pay transmission charges as directed by the regulator in an order that was stayed by the state high court on a petit Read More +

Coal-fired power plants set to get renewed push

New Delhi: Coal-fired power plants, often regarded as polluting relics in an era of clean energy, are making a comeback in the government’s thinking as an official study says the rapid growth in solar projects needs to be Read More +

India preparing for cut in oil imports from Iran - sources

By Nidhi Verma

NEW DELHI: India's oil ministry has asked refiners to prepare for a 'drastic reduction or zero' imports of Iranian oil from November, two industry sources said, the first sign that New Delhi is respondi Read More +

Global, local solar manufacturers spar over safeguard duty

Bengaluru: The first public hearing on a proposal to introduce 70% safeguard duty on imported solar panels on Tuesday saw heated arguments between global manufacturers of the panels and modules and their local rivals, with Indian solar p Read More +

Impose 95 per cent safeguard duty on solar cells import- ISMA

New Delhi: Indian Solar Manufacturers Association (ISMA) has demanded imposition of 95 per cent safeguard duty on imports of solar cells and modules to protect domestic players from cheap inbound shipments. 

Read More +

Bihar planning to have 2,000 MW solar power by 2022 Deputy CM

PATNA: Deputy CM Sushil Kumar Modi said on Sunday the power plants at Pirpainti in Bhagalpur and Kajra in Lakhisarai, which were initially proposed to be coal-based thermal power plants, would now be solar power plants.

Safeguard duty on solar equipment may hit India's 100 GW target- Industry

New Delhi: Solar power developers have expressed concerns that safeguard duty on solar equipment may jeopardize India's target of installing 100 GW capacity by 2022 as it would directly affect 25 GW volume under various sta Read More +

Gujarat government announces wind-solar hybrid power policy

AHMEDABAD: In a bid to ensure optimal use of land and transmission infrastructure, the Gujarat government today announced a policy to promote setting up of wind as well as solar power projects at one location.

The 'Wind-Solar Hybrid Read More +

Govt to launch single solar power bid of 100,000 Megawatt- R K Singh

New Delhi: Union Minister R K Singh has said the government will bring single solar bid of 1 lakh MW, which would also include storage and solar equipment manufacturing components. 

"The bi Read More +

India announces 30 Gigawatt offshore wind energy target by 2030

New Delhi: The Ministry of New and Renewable Energy (MNRE) today announced medium and long-term offshore wind energy target of 5GW by 2022 and 30 GW by 2030, respectively, to provide confidence to the industry. 

Read More +

Sanctity of contracts fundamental requirement for investment- Vedanta Cairn Oil & Gas CEO

New Delhi: Vedanta Cairn Oil & Gas Chief Executive Officer (CEO) Sudhir Mathur has said sanctity of contracts is a fundamental requirement for businesses to invest. The company had taken the government to court over extensi Read More +

Gujarat Borosil to invest Rs 435 crore to double tempered solar glass capacity

New Delhi: Solar glass manufacturer Gujarat Borosil plans to invest around Rs 435 crore to more than double its manufacturing capacity of tempered solar glass facility by fiscal 2020.

The company, which has a Read More +

India will achieve 10 per cent GDP growth by Q4 of current fiscal- Goyal

New Delhi: The government is hopeful of achieving double-digit gross domestic product (GDP) growth in the country by the fourth quarter of the ongoing financial year, Railway and Coal Minister Piyush Goyal said on Monday.

Japans SoftBank to invest up to $100 billion in India solar power project - NHK

TOKYO: SoftBank Group Corp has decided to invest $60 billion-$100 billion in a solar power project in India, Japanese public broadcaster NHK reported on Friday.

SoftBank and the Indian government are Read More +

Indias first solar-powered EV charging station installed in Mumbai

Renewable energy solutions provider Magenta Power, in association with Exicom Power Solutions, has installed India's first solar-powered DC fast charging station for electric vehicles (EVs) in Turbhe, Mumbai.

Tata Power Renewable signs power purchase pact with GE

New Delhi: Tata Power Renewable Energy Ltd today said it has entered into a power purchase agreement (PPA) with GE to provide solar rooftop solutions for six manufacturing and services sites in India. 

Read More +

Karnataka regulator pegs wind power ceiling tariff at Rs 3.45 per unit

Bengaluru: Karnataka’s power regulator has fixed a ceiling tariff of Rs 3.45 per unit for wind auctions in the state and directed that all future purchases of wind power should be solely through competitive bidding.

Read More +

India's first technology transfer pact for lithium-ion batteries signed

New Delhi: An agreement on first transfer of technology for lithium-ion batteries was signed here on Sunday between the government-run Central Electro Chemical Research Institute (CECRI) and RAASI Solar Power Pvt Ltd, Read More +

Solar auctions to delay further amid concerns over duty, ISTS issues

New Delhi: Solar auctions would be "dragged further" amid uncertainty about imposition of 70 per cent safeguard duty on solar equipment and concerns among developers over grant of inter-state transmission system (ISTS Read More +

China's new solar policy may delay India's plan to make panels

New Delhi: India may delay its first-ever auction to build solar factories after a Chinese decision to withdraw some state support to power projects is seen leading to an equipment supply glut and price crash.

An auction by state Read More +

No more electricity bills to your home, Here is governments plan to revolutionise billing system

Electricity bills reaching homes will be a history soon as government is currently planning to revolutionise the entire billing system by making all meters smart prepaid in the next three years. “In next three years metering will go smart pr Read More +

4 years of Modi government How India performed in renewable energy sector

Four years of Modi government: During the four years of its rule, Modi government brought about many changes in the country’s renewable energy landscape. Even though it may be too early to call the entire journey as pat Read More +

Israel plans to tender the country's largest solar energy project

JERUSALEM: Israel is planning to put to tender a 500 megawatt solar energy project, which would be the country's largest, the Energy Ministry said on Tuesday.

Plans for the photovoltaic field, which w Read More +

DGTR to hold public hearing on safeguard duty probe of solar cells on June 26

New Delhi:The Directorate General of Trade Remedies(DGTR), under the commerce ministry, will hold a public hearing on June 26 here on safeguard duty investigation of solar cells. 

The meeting assumes significa Read More +

Government may cut stake in state-run companies to 49 percent

NEW DELHI: The government is readying a roadmap to lower its stake in all central public sector enterprises (CPSEs) to 49% in three years, except for those operating in sectors of strategic importance such as defence a Read More +

Greenko set to buy Orange Renewables for $1 billion

Mumbai: Greenko, backed by Singapore’s GIC and Abu Dhabi Investment Authority, is set to announce its largest acquisition with the purchase of the solar and wind portfolio of Orange Renewables for an enterprise value Read More +

Solar equipment imports wont have safeguard duty

Ahmedabad: In a major relief to solar power producers, the central government has decided not to levy 70% safeguard duty on solar equipment imported from China and Malaysia. The move, according to National Solar Energy Federation of Read More +

Tamil Nadu taps record wind energy for 2017-18, leads clean energy chart

Chennai: Tangedco harnessed 13,000 million units of wind energy and 2,905 million units of solar energy in 2017-18. Tamil Nadu is the only state to have used so much of green energy last year. The state Read More +

Is it possible to get 100 percent of our energy from renewable sources

Washington D.C: The questions regarding renewable energy are never-ending.

Is there enough space for all the wind turbines and solar panels to provide all our energy needs? What happens when the sun doesn't shi Read More +

Global green bonds issuance dropped 11.5 per cent in Jan-Mar 2018

New Delhi: The issuance of green bonds at a global level declined 11.5 per cent in the first three months of 2018 with only $30.4 billion of green bonds brought to the market, as compared to the same period last year, international credit rating a Read More +

IRP of Lanco Infratech awaits tribunal decision for liquidation

HYDERABAD: Lanco Infratech today said its interim resolution professional (IRP) has sought the approval of the National Company Law Tribunal for liquidation of the company or a takeover by Thriveni Earthmovers which has submitt Read More +

Lenders find a rescue plan for stressed power generation assets

New Delhi: Lenders to the power sector led by State Bank of India (SBI) have decided to float a fund to take over 14 stressed power plants of companies such as KSK Energy, IndiaBulls and RKM Powergen. The decision is aimed at preventing Read More +

Indias refining capacity rose 5.8 per cent last fiscal on Jamnagar and Kochi expansion

New Delhi: India’s refining capacity rose 5.8 per cent last financial year to 247.6 Million Tonne Per Annum (MMTPA) mainly on the back of capacity expansion at Jamnagar refinery operated by Reliance Industries (RIL) in Gujarat and Kochi refi Read More +

Renewable power developers headed for transmission woes

BENGALURU: Renewable energy developers are worried that transmission facilities are not keeping pace with power generation even as 12,000 MW of solar projects under construction and another 7,000 MW of wind projects have been bid out since wind au Read More +

MSEDCL floats tenders for buying solar power from new plants

NAGPUR: State discom MSEDCL has given a big boost to solar power in state by deciding to buy 2,000 MW for next 25 years. This power will come from new solar plants. At present, it buys 850 MW against the peak demand of about 20,00 Read More +

India, Nepal revive bid to bring 22-yr-old mega dam project back to life

NEW DELHI: India and Nepal have decided to prepare a detailed project report (DPR) of their ambitious Pancheshwar multi-purpose dam project by December and agreed to resume fresh negotiations to resolve critical issues of water sharing a Read More +

Bhushan Power and Steel lenders decide against inviting fresh bids

MUMBAI: Lenders to Bhushan Power and Steel have decided against seeking a second round of bids for the bankrupt steel company over concerns that this could lead to offers below the Rs 18,500 crore offered by Liberty House and t Read More +

Indias GDP may grow 7.3 percent in FY19- Fitch

NEW DELHI: India’s economy will grow 7.3% in the current financial year and gain pace to 7.5% next year as the “temporary drag” from demonetisation and the goods and services tax fades away, Fitch Ra Read More +

India aims to split GAIL within a year to open up natural gas sector

MUMBAI/NEW DELHI: India plans to split state-run gas utility GAIL by March next year to create two companies: one marketing gas, and another operating pipelines that can be used by consumers who buy direct from producers, the head of the Read More +

Liberty House trump's Tata Steel bid for Bhushan Power

New Delhi: UK's Liberty House group has trumped a bid by Tata Steel to buy bankrupt Bhushan Power and Steel, according to people directly briefed on the matter.

The committee of creditors of Bhus Read More +

SECI invites bids for 2000 MW hybrid solar and wind projects

BENGALURU: Solar Corporation of India (SECI) is set to launch its second hybrid tender – for projects combining wind and solar energy – in May. It has issued an advertisement alerting developers that it will be inviting sealed bids for Read More +

Siemens Gamesa bags largest wind turbine order in India

New Delhi: Siemens Gamesa Renewable Energy, the Spanish wind energy giant, today announced it has bagged largest order for wind turbines in India. 

“Under the terms of the EPC contrac Read More +

U'khand Cabinet approves use of dry pine leaves for generating power

Dehradun: The Uttarakhand Cabinet gave its nod to a policy, permitting commercial use of dry pine leaves, considered the main factor behind forest fires in the state, for generating electricity. 

The cabinet&# Read More +

Grundfos bets big on solar, smart pumps to double India revenue to Rs 1,000 crore

FRISHOLT (DENMARK): Grundfos India Ltd is expanding its network with the aim of doubling revenue to Rs 1,000 crore in the next four years, betting big on an innovative ‘Make in India’ solar pump for rural areas and intelligen Read More +

Petrochemicals growth and stable GRM to pump it up for RIL

New Delhi: Reliance Industries Ltd (RIL) is likely to post 13th straight sequential increase in the standalone net profit when it declares results for the March quarter on Friday. Higher profitability of the petrochemical segment and sta Read More +

Stanchart raises crude oil price forecasts for 2018, 2019

New Delhi: Standard Chartered has raised its 2018 crude oil price forecasts by $10 saying that the market has began to acknowledge the importance of OPEC-led production cuts.

The British bank, which revised it Read More +

Global wind capacity to rise by more than half in next five years

New Delhi: Global wind energy capacity could increase by more than half over the next five years, as costs continue to fall and the market returns to growth at the end of this decade, a report by the Global Wind Energy Council shows.

Coal India ropes in IIT to plan manpower profile

Kolkata: Coal India Ltd (CIL) has engaged the Indian Institute of Technology (IIT) to prepare a comprehensive manpower profile plan for itself. The world’s largest coal company employs 2.8 lakh persons including Read More +

Thermal plant pollution to be controlled by 2022- Govt to SC

NEW DELHI: Pollutant spewing coal-based thermal power plants, indispensable because they account for 60% of India’s electricity production, will conform to emission standards by 2022, the Centre informed the Supreme Court  Read More +

Thriveni Earthmovers leads race for Lanco Infratech

NEW DELHI: Iron ore mine developer-cum-operator Thriveni Earthmovers has emerged as the highest bidder for debt-laden Lanco Infratech, people familiar with the development said.

With a debt of about Rs 45,000 crore, Lanco In Read More +

Mamata to visit China, US to woo investors

Kolkata: West Bengal Chief Minister Mamata Banerjee today said she has plans to meet industrialists in Shanghai during her visit to China soon. 

Stating that she has received a communication from the Ministry of Fo Read More +

Trump likes coal, but that doesn't mean he's hostile to wind

New Delhi: President Donald Trump has courted coal miners and cast doubt on whether fossils fuel contribute to climate change, but that hasn't translated into hostility for renewable energy - particularly offshore Read More +

General Electric to trial world's largest wind turbine in Britain

LONDON: U.S. conglomerate General Electric will test the world's largest wind turbine in a facility in northeast England, it said on Tuesday.

GE Renewable Energy, the renewable arm of the U.S. fi Read More +

Indias safeguard duty on solar cells faces criticism at WTO

NEW DELHI: India’s decision to impose safeguard duty on imported solar cells drew criticism from the European Union and Japan at the World Trade Organisation (WTO) on Monday, with the two trade giants criticisin Read More +

First growth in Indias natural gas production in six years

New Delhi: India’s natural gas production grew for the first time in six years in 2017-18. Gas output grew 2.35 per cent to 32,649 Million Standard Cubic Meter (MMSCM) primarily due to production from onshore blocks offsetting a de Read More +

Now, a big data boost for infrastructure sector

New Delhi: Researchers from Indian Institutes of Technology (IIT)-Madras and Bombay along with Harvard University are using big data to build India’s first comprehensive database on infrastructure projects called Integrated Da Read More +

Bids for Moser Baer Solar likely this week: Resolution professional

New Delhi: News for the assets of bankrupt Moser Baer Solar are likely to be invited this week, according to resolution professional Arvind Garg. 

The company owes over Rs 1,000 crore to a clutch of lenders. The de Read More +

Indias crude oil import bill set to rise 20 percent to $105 billion in FY19

New Delhi: The steady rise in international crude oil prices besides pinching the pockets of Indian consumers may also disrupt the government’s fiscal maths with the country’s crude oil import bill expected to surge by 20 per cent to $ Read More +

Diu Smart City 1st in India to run on 100% renewable energy during day

New Delhi: The Diu Smart City has become the first city in India that runs on 100 per cent renewable energy during the daytime, setting a bench-mark for other cities to follow, an official release said today. 

Read More +

Coal supply to power plants may remain tight for two years: KPMG

Kolkata: Coal supply position for thermal power plants is expected to remain tight for about two years, after which new railway links will help ease the situation.

“Demand for coal is expected to outpace domestic Read More +

ABB launches worlds fastest e-vehicle charger at Hannover Messe, strength-ening its leadership in sustainable mobility

Commercial launch of the Terra HP fast charger places ABB at the forefront of EV-charging technology

By operating at powers of up to 350 kilowatts, the newest model from ABB, Terra High Power charger, adds up to 200 kilometers of range Read More +

SJVN signs MoU to target 9,200 mn units generation this fiscal

New Delhi: Public sector power generator Satluj Jal Vidyut Nigam (SJVN) Ltd has signed an MoU with the Union Power Ministry setting a target of generating 9,200 million units of electricity, according to an official a Read More +

Power department owes consumers Rs 10 crore

New Delhi: UT power department owes its consumers Rs 10 crore as interest on security deposit. The electricity department caters to 2.15 lakh consumers in nine categories. Most of the power is consumed by domestic consumers, fo Read More +

HSBC to stop financing most new coal plants, oil sands, arctic drilling

New Delhi: Europe's largest bank HSBC said on Friday it would mostly stop funding new coal power plants, oil sands and arctic drilling, becoming the latest in a long line of investors to shun the fossil fuels.

Read More +

Mundra Solar eyes to become $1 bn company in 2-3 years

New Delhi: Mundra Solar PV, the solar photovoltaic manufacturing arm of diversified Adani Group, looks to become a $1 billion company over the next 2-3 years, a top company official said.

The company is also hoping Read More +

ONGC targets onshore dollars

Hong Kong: India's biggest oil explorer Oil and Natural Gas Corp is looking to raise US$1bn in the onshore market, in the first big deal to target foreign-currency deposits with domestic lenders.

The one-year loan would set a Read More +

NTPC calls tariff-based bids for 2,000MW of renewable energy

NEW DELHI: State-run power producer NTPCNSE -0.59 % has called tariff-based bids to buy 2,000 MW of renewable energy, which it plans to blend with the costly coal-based capacity and sell to distribution companies under their existing contracts.&nb Read More +

Hero Future Energies sets up countrys first hybrid renewable power plant

New Delhi: Hero Future Energies has commissioned the country’s first large-scale hybrid renewable energy project — a combination of sun and wind power — in Karnataka’s Raichur district.

India, UK governments invest in $711 million Indian renewable energy fund

London: Lightsource BP and Indian private equity fund Everstone Group announced on Wednesday the creation of a 500 million pound ($711 million) fund to invest in renewable energy and clean technology in India.

Importers to gain from 22% dip in Indonesia coal prices

Indonesian coal production and lower Chinese demand have pulled down Indonesian coal prices by 22% over the last 45 days, a trend that augurs well for plants that import fuel.

China has restricted coal imports Read More +

World's largest solar park Shakti Sthala inaugurated in Karnataka

Chief Minister Siddaramaiah on Thursday inaugurated a solar power park with a 2,000 megawatt capacity at Pavagada in Karnataka's Tumakuru district, about 70 km from here.

"Karnataka has emerged as the third-l Read More +

RIL-BP sanction satellite gas field development in KG-D6

New Delhi: Reliance Industries and its partner BP plc today announced sanctioning of a second project to develop satellite gas fields in the KG-D6 block to help reverse the flagging output at the Bay of Bengal block.& Read More +

PNGRB to act as market regulator for natural gas trading hub

New Delhi: India’s downstream oil and gas regulator Petroleum and Natural Gas Regulatory Board (PNGRB) is set to take up the role of the market regulator for the natural gas sector, when the planned natural gas trading hub&nbs Read More +

British PE firm Actis close to buying solar assets of India's Shapoorji Pallonji- Reports

MUMBAI/NEW DELHI: British private equity firm Actis is close to signing a deal to buy the solar power portfolio of Indian conglomerate Shapoorji Pallonji, three people aware of the development said on Tuesday.

Read More +

India, US kick off strategic energy partnership with task force on gas

NEW DELHI: India and the US have decided to set up a joint task force on natural gas, hitting the road with India-US Strategic Energy Partnership at a time when a new order is emerging in the global oil market.

At the inaugural m Read More +

Green Energy Association to move SC against APTEL order on RECs

New Delhi: Industry body Green Energy Association today said it will move the Supreme Court against the tribunal APTEL's order which upheld power regulator CERC's ruling reducing forbearance and floor price of Read More +

CIL to undertake commercial extraction of methane before mining coal

KOLKATA: Coal India (CIL) will undertake commercial extraction of methane from all new mines holding substantial volume of the gas. Methane would be sold commercially before the company takes up coal extraction from these mines Read More +

UK joins India-led International Solar Alliance to mark Modi visit

New Delhi: The UK joined the India-led International Solar Alliance (ISA) ahead of Prime Minister Narendra Modi's four-day visit to Britain. 

At an event held at the London Stock Exchange as part Read More +

Siemens Gamesa to expand further in India despite tender troubles: CEO Markus Tacke

New Delhi: Global green energy company Siemens Gamesa Renewable Energy plans to expand further in India despite a difficult adjustment to the tendering process for wind energy projects, which was initiated last year, its g Read More +

Petition Against Levy of Safeguard Duty on Solar Imports Dismissed by Madras High Court

Today on 16 April 2018, Madras High Court has dismissed the petition by Shapoorji Palloonji Group against levy of 70% Safeguard duty on Solar Imports from China, Malaysia, Taiwan, Singapore

Its now upto the Ministry of Commerce to decide Read More +

No License required for EV charging infrastructure- Power Ministry

New Delhi: Companies setting up charging infrastructure for electric vehicles do not require any separate license for electricity transmission, distribution or trading, the power ministry has said in a clarification.

Th Read More +

BHEL's solar plant stuck in limbo as MP govt keen to use site for events

By Anil Dubey 

Bhopal: Despite getting the Centre's clearances for the solar power plant that BHEL proposes to set up on its own land on the city outskirts, the project is yet to take off as the Madhy Read More +

US Energy Secretary to meet oil minister Dharmendra Pradhan

New Delhi: US Energy Secretary Rick Perry is arriving here today to hold bilateral talks with his Indian counterpart Dharmendra Pradhan on enhancing energy cooperation.

His visit comes on the heels of the conc Read More +

China interested in joining International Solar Alliance

New Delhi: China has expressed interest in joining the International Solar Alliance (ISA), a treaty based inter-governmental alliance of 121 sunshine-rich countries that lie fully or partially between the Tropics of Cancer and Capricorn. Read More +

NuPower Renewables valued at Rs 700 crore for Mauritius investor

MUMBAI: The Rs 398-crore investment by Mauritius-based DH Renewables in Deepak Kochhar’s NuPower Renewables for a 55% stake appears to have been made at a valuation that was generous relative to its financials, based on a Read More +

Andhra Pradesh reservoir to have floating solar power plant

VISAKHAPATNAM: In a move to set-up of a floating solar power plant in Andhra Pradesh, the Greater Visakhapatnam Municipal Corporation (GVMC) has started construction of a 2MW floating solar farm at Mudarsarlova r Read More +

We are working on an annuity model for gas pipelines development- D K Sarraf

New Delhi: India has started working on its ambitions plan to develop a gas-based economy, complete with new LNG terminals, doubling of pipeline infrastructure and gas trading hub with the right policies and regulations in place. In a free Read More +

India and China can influence crude oil pricing- Dharmendra Pradhan

New Delhi: India and China, the traditional rivals, plan to jointly leverage their buying power to influence the crude oil pricing, oil minister Dharmendra Pradhan has said.

“We are competitors. They hav Read More +

Ratnagiri refinery- Won't allow it to be set up, says Uddhav Thackeray

New Delhi: The Shiv Sena, which is a partner in the state government, today vowed that it would not allow the setting up of a mega-refinery in Nanar in Ratnagiri, the go-ahead for which was given by the Union government yesterday.

Power Ministry offers to supply e-cars to central government departments

New Delhi: The power ministry has offered to supply electric cars to central government departments, which can either lease or purchase them — a move that can raise demand for such vehicles by about 5 lakh. The proposed m Read More +

Union cabinet simplifies CBM exploration from Coal India blocks

NEW DELHI: The Union cabinet on Wednesday approved simplifying exploration of coal bed methane from coal blocks allotted to Coal India Ltd.

The Cabinet Committee on Economic Affairs granted relaxation to Coal Read More +

PM Modi calls for responsible pricing for affordable energy to all

New Delhi: In a subtle message to oil cartel OPEC, Prime Minister Narendra Modi today said efforts to artificially distort prices are self-defeating, and a global consensus must be built for responsible pricing to provide affordable Read More +

Cabinet delegates powers to oil, finance ministers to award oil blocks

NEW DELHI: The Union Cabinet has empowered the ministers of petroleum and natural gas and finance ministries to approve the award of the blocks and contract areas to successful bidders under Hydrocarbon Exploration and Licensing Policy (HELP) and Read More +

Govt working on 'unbundling' of marketing & transportation of gas- Pradhan

New Delhi: The government is working on 'unbundling' of marketing and transportation of gas in the country, Oil Minister Dharmendra Pradhan has said, in a move that would end up splitting Gail, the owner of most of nation Read More +

Government floats proposal for India's first offshore wind project

NEW DELHI: The government has invited the industry to explore India’s first offshore wind energy project proposal, following its plans to achieve 5 GW project capacity by 2022 in this area which has not yet been explored in the cou Read More +

India looks to use new-found clout to seek better oil bargains with global producers

New Delhi: India is aiming to drive harder bargains with global oil producers, including Saudi Arabia, during bilateral meetings at a conference of energy ministers this week, officials said, leveraging its strength as the world's th Read More +

Devon Energy will lay off 9 percent of staff to boost returns, streamline operations

Houston: Devon Energy Corp said on Tuesday it would lay off 300 workers, roughly 9 percent of staff, part of a plan to streamline operations and boost the shale oil producer's sagging returns and stock price.

The cu Read More +

Ujjwala success makes India world's 2nd largest LPG importer

New Delhi: India is the world’s second-largest importer of LPG (liquefied petroleum gas) after China and remains ahead of Japan as the Narendra Modi government’s drive to provide clean cooking fuel to millions of po Read More +

PM Modi to open mega global oil and gas ministerial IEF today

New Delhi: Oil ministers from key producing and consuming countries and top executives of international oil firms have gathered in New Delhi to debate the way ahead for the energy sector at the 16th International Energy Forum (IEF) Minis Read More +

ONGC, Reliance in talks with customers to sell east coast gas

NEW DELHI: India's Oil and Natural Gas Corp Ltd and Reliance Industries Ltd have started discussions with buyers to sell natural gas from their fields in the Bay of Bengal that are expected to start production ove Read More +

PM Modi to inaugurate 16th International Energy Forum on Wednesday

New Delhi: Prime Minister Narendra Modi will inaugurate on Wednesday the 16th International Energy Forum, the largest gathering of ministers from energy consuming, producing and transit countries, the oil ministry said. 

Big hike likely in pay scales of coal India's 17,000-odd executives

KOLKATA: Pay scales of Coal India's 17,000-odd executives — from junior levels right up to chairman's post — are proposed to be more than doubled, although the increase would be smaller after accounting for Read More +

Imported solar power equipment will not attract customs duty

BENGALURU: Much to the relief of solar developers, the Central Board of Indirect Taxes and Customs (CBITC), has clarified that the bulk of imported solar panels and modules will not attract customs duty, putting to rest a controversy tha Read More +

Govt to auction 2,500 Mw of medium-term power purchase pacts soon

NEW DELHI: The government will soon kick off pilot auction of medium-term power purchase agreements for 2,500 mw of electricity, ending a six-year long spell of state governments restricting electricity procurement from power plants.

Charging hiccup- Private stations cant sell electricity

BENGALURU: While the Centre is increasingly pushing for e-mobility, there’s no clarity on the retail sale of power to electric vehicles. Bescom officials said the Electricity Act 2003 allows only Discoms (dist Read More +

Power rate hike in open market to push PSPCL's purchase bill

Patiala: The sudden rise in the cost of power in the open market seems to have become a cause of concern for the Punjab State Power Corporation Limited (PSPCL) as this might increase its power purchase bill during the current fiscal Read More +

Oil steadies after Friday's falls, but trade disputes still weigh

Singapore: Oil markets stabilised on Monday after slumping around 2 percent last Friday on the back of concerns of an intensifying trade dispute between the United States and China, as well as increased U.S. drilling activity.

U. Read More +

Atha Group plans Rs 3,100-crore investment to build 1000 MW renewable portfolio

Kolkata-based mining and minerals group Atha will invest Rs 3,100 crore for expanding its renewable energy capacity to 1,000 megawatt (MW) by 2022 from the present 200 MW. The 60-year-old group targets to achieve it through organic and inorganic r Read More +

With an eye on debt, Tata Sons set to discuss M&A plans of group companies

New Delhi: The board of Tata Sons, the holding company of the diversified conglomerate, will discuss the various mergers and acquisitions (M&A) plans of the Tata group, especially with regard to the debt that it will be running up, said t Read More +

IEF meet cements Indias pole position in global energy map

NEW DELHI: India is hosting the 16th ministerial round of International Energy Forum, a grouping of 72 member countries accounting for almost 90% of global supply and demand for oil and gas, in yet another proof of New Delhi’s pole posi Read More +

Govt may revise coal production target of 1 bn tonnes set for 2020

New Delhi: With an assessment suggesting the current trend may not warrant pursuing the projected coal output target of 1 billion tonnes by 2020, the government today gave an indication of revising the production target of the Read More +

Singapore's GIC says to raise investment in Indian renewable firm Greenko

New Delhi: Singapore's could pump more money into Indian renewable energy firm Greenko Energy Holdings, which could help it double or triple its power capacity over the next 3-5 years, a senior GIC official said on Thu Read More +

Marginal rise in wind tariffs in latest 2,000 Megawatt SECI auction

BENGALURU: Wind tariffs climbed marginally in the latest reverse auction of 2,000 MW held by Solar Energy Corporation of India (SECI) on Thursday, with winning tariffs reaching Rs 2.51-2.52 per unit. This was marginally higher than the t Read More +

Honours even for global, local players in 2000 MW SECI wind auction, tariffs rise marginally

BENGALURU: Wind tariffs climbed marginally in the latest reverse auction of 2,000 MW held by Solar Corporation of India (SECI) on Thursday, with winning tariffs reaching Rs 2.51-2.52 per unit. This was marginally higher than the tariff of Rs 2.44- Read More +

NITI Aayog submits draft Cabinet note on zero-emission vehicles

New Delhi: NITI Aayog has submitted a draft Cabinet note on developing a strategy for zero emission vehicles and ancillary technology, Parliament was informed today.

In a written reply to the Lok Sabha, Minist Read More +

PM likely to flag off Madhepura factory's first electric loco next week

New Delhi: Prime Minister Narendra Modi is likely to dedicate the locomotive facility in Madhepura in Bihar to the nation and flag off the first high-power electric locomotive assembled there on April 10, railway ministry sources said to Read More +

India to offer $3-4 bn plan for Iran gasfield- Sources

New Delhi: India is set to offer a $3-4 billion development plan for the Farzad B gas field to Iran next week after Tehran reduced the scope of the project, two sources familiar with the matter said.

Relations between t Read More +

Wind energy capacity addition declines under auction regime

BENGALURU: While the onset of wind auctions from early last year has led to greater transparency in the determination of wind tariffs, the transition has also sharply reduced wind capacity addition in 2017-18. The capacity added has only Read More +

ONGC to get Rs 800 crore boost from gas price hike- OIL to gain Rs 100 cr

New Delhi: The latest 6 per cent hike in natural gas prices announced by the government would lead to a Rs 800 crore bonanza for state-run petroleum explorer Oil and Natural Gas Corporation (ONGC) and Rs 100 crore for Oil India Ltd (OIL) annually Read More +

L&T, two other companies bag Uttar Pradesh power meter deal

New Delhi: Infrastructure major Larsen and Toubro (L&T), Genus Power and Allied Engineering have bagged a contract to supply 10 million pre-paid meters to Uttar Pradesh under the Saubhagya scheme, which aims to add more tha Read More +

Govt amends solar bidding norms, developers can now pass on duty hike

New Delhi: The government has amended solar bidding norms, allowing developers to pass on the burden of any increase in duties on solar equipment to discoms, ending the industry’s apprehensions about likely impact of Read More +

IGL provides record 150,000 cooking gas connections

New Delhi: Indraprastha Gas Ltd, the firm that supplies CNG to automobiles and piped cooking gas to households in the national capital, today said it provided a record 1.5 lakh new cooking gas connections in the Read More +