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Showing posts with the label Energy-Industry-The Economic Times

Nitish Kumar flags off power projects worth over Rs 7,500 crore

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"Total power generation in the state was a mere 700 MW in 2005 when we assumed power. This has risen to 5008 MW, as per figures of July, 2018. We have indeed come a long way", the chief minister remarked. from Energy-Industry-The Economic Times https://ift.tt/2OrtSTr

Allahabad High Court to hear case against RBI circular on Tuesday

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The court on August 2 sought the RBI's response to the government's recommendation for extending the deadline for completing the resolution proceedings for stressed assets by 180 days. from Energy-Industry-The Economic Times https://ift.tt/2MiTbdc

Earlier govts not serious on ethanol output, now it will save Rs 12,000 crore: PM

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Ethanol blending programme was started during Vajpayee government. from Energy-Industry-The Economic Times https://ift.tt/2vWbZ7N

India to explore China's participation in ISA

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ISA interim director general Upendra Tripathy agreed that China joining the inter-governmental organisation would be a big positive for the 121member-nations. from Energy-Industry-The Economic Times https://ift.tt/2nlGeRE

ONGC, and not the government, is the promoter of Hindustan Petroleum Corp: Dharmendra Pradhan

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ONGC paid Rs 37,000 crore to buy the government’s entire 51.11% stake in HPCL earlier this year but the latter has refused to recognize the state-run explorer as its promoter in public filings. from Energy-Industry-The Economic Times https://ift.tt/2vU4azh

India launches 2nd auction of small discovered oil & gas blocks

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The bidding for 59 fields will begin in the first week of September and will close on Dec. 18. The contracts will be awarded in January, oil minister Dharmendra Pradhan said. from Energy-Industry-The Economic Times https://ift.tt/2AWrq5F

Essar signs 15-year gas sale deal with GAIL

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The Essar Group subsidiary said in a statement here that GAIL had won the bid for the contract which will help EOGEPL monetise its entire coal bed methane (CBM) production of 2.3 million standard cubic metres per day. from Energy-Industry-The Economic Times https://ift.tt/2OoPKiB

HPCL digs in heels, says acting as per statute in not recognising ONGC as promoter

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Oil and Natural Gas Corp (ONGC) had in January this year bought the government's entire 51.11 per cent stake in HPCL for Rs 36,915 crore. Post that, HPCL had become a subsidiary of ONGC. from Energy-Industry-The Economic Times https://ift.tt/2vQiCII

L&T's power arm bags orders worth Rs 1,080 cr from NTPC

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L&T has received two orders from NTPC for setting up flue gas desulphurisation (FGD) systems. from Energy-Industry-The Economic Times https://ift.tt/2AWrwdq

NTPC asks bidders for additional tariffs for tender floated earlier

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Developers asked NTPC to clarify whether they would be allowed to pass on the incremental tariff because of the safeguard duty to discoms, failing which, they demanded the tender to be scrapped from Energy-Industry-The Economic Times https://ift.tt/2nmifBJ

With 4 years to go, just 6% of solar rooftop target installed

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Against the target of 40,000 MW of rooftop solar power capacity by 2022, India has installed just about 2,538 MW as of March 2018. from Energy-Industry-The Economic Times https://ift.tt/2OTUOfF

Upgrading power projects may lead to savings of $3 bn: GE

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GE is currently executing power projects totalling 12,000 megawatts (mw) in India, of which a majority is based off low carbon emitting technology. from Energy-Industry-The Economic Times https://ift.tt/2AToYNn

Indian Oil buys U.S. crude to part replace Iran cargoes

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This was the company's first purchase through a mini-term tender to buy U.S. oil. from Energy-Industry-The Economic Times https://ift.tt/2vvfUJc

Auctions and interest rates in the times of renewable energy

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The fundamental issue with cancelling auctions, to re-auction projects, is it reduces faith in the auction mechanism itself. from Energy-Industry-The Economic Times https://ift.tt/2vrA4nw

Stressed power assets will fetch more if fuel and regulatory issues are resolved: Power secretary

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Lenders may be able to decide in the next 15 days about what can be done to stressed assets. Some of these, if they are not going to be resolved, are to move to NCLT, said Bhalla. from Energy-Industry-The Economic Times https://ift.tt/2M8tkEE

Parliament panel suggests new framework for stressed assets in power sector

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The RBI's revised framework for resolution of stressed assets has laid down strict timelines after which insolvency proceedings are initiated. from Energy-Industry-The Economic Times https://ift.tt/2vIkIuc

Luminous Power aims to double revenue from solar products in five years

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Luminous Power Technologies has impacted over 1,00,000 lives through initiatives like Luminous Advanced Mentoring Programme (LAMP) and Luminous Advanced Health Initiative (LAHI). from Energy-Industry-The Economic Times https://ift.tt/2vJfmyN

Number of power plants facing coal shortage has come down, says govt

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As per Daily Coal Report (DCR) there were 13 power plants with critical coal stock and 17 power plants with super-critical coal stock, which has reduced to 6 and 7 respectively on July 2, 2018. from Energy-Industry-The Economic Times https://ift.tt/2vJGKg4

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

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The data regarding generation of power from various renewable energy projects is consolidated by the Central Electricity Authority (CEA). from Energy-Industry-The Economic Times https://ift.tt/2Mqg0bF

Vedanta set to bag 40 oil blocks, ONGC 2, HOEC 1

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The Union Cabinet had in April delegated its power to ministers of finance and petroleum to award oil and gas blocks to their winners in the Open Acreage Licensing Policy (OALP) auction. from Energy-Industry-The Economic Times https://ift.tt/2Mnp40V