Power & Energy News Monthly Archive July 2016

JUL 30 2016

Petrol, diesel excise hikes fetched Rs 70k cr in FY16: Govt

  • PTI, ETEnergyWorld / New Delhi, 30th July 2016 Published on : 30th July 2016
  • Created:Sat 30th JUL 2016

  Nine excise duty hikes over a span of few months helped the government nearly treble its excise mop up from petrol and diesel to about Rs 70,000 crore in 2015-16, Parliament was ...

JUL 30 2016

Relief for Cairn India as HC gives Centre 5-wk deadline over PSC with Vedanta group unit

  • FE Bureau, The Financial Express / New Delhi, 30th July 2016 Published on : 30th July 2016
  • Created:Sat 30th JUL 2016

  In what comes as a relief for Cairn India, the Delhi High Court on Thursday asked the Centre to decide within five weeks whether it will extend the production sharing contract (PSC) ...

JUL 30 2016

Reliance Industries-ONGC gas theft row: Report set to get delayed

  • Siddhartha P Saikia, The Financial Express / New Delhi, 30th July 2016 Published on : 30th July 2016
  • Created:Sat 30th JUL 2016

  The report of the AP Shah panel looking into the migration of natural gas from ONGC’s idling Krishna Godavari fields to the RIL’s adjoining KG-D6 block will be delayed ...

JUL 30 2016

Shah panel to get more time to settle ONGC-RIL gas dispute

  • Gireesh Chandra Prasad, Live Mint / New Delhi, 30th July 2016 Published on : 30th July 2016
  • Created:Sat 30th JUL 2016

  The oil ministry is likely to extend the tenure of the A.P. Shah Committee looking into the dispute between state-owned Oil and Natural Gas Corp. (ONGC) and Reliance Industries Ltd ...

JUL 30 2016

BPCL acquires 21% stake in Fino Paytech

  • Nupur Anand, Business Standard / Mumbai, 30th July 2016 Published on : 30th July 2016
  • Created:Sat 30th JUL 2016

  Government-owned oil marketing company Bharat Petroleum Co Ltd (BPCL) has acquired 21 per cent stake in Fino Paytech. The  latter had acquired a licence for payments bank last ...

JUL 30 2016

NTPC mandates for first Green corporate Masala bonds

  • Reuters, ETEnergyWorld / Singapore, 30th July 2016 Published on : 30th July 2016
  • Created:Sat 30th JUL 2016

  Largest Indian power company NTPC has mandated Axis Bank, HSBC, MUFG and Standard Chartered Bank as joint lead managers and joint bookrunners for an offering of Green Masala bonds. ...

JUL 30 2016

Neyveli Lignite to set up 4,000 MW of solar power

  • T E Narasimhan, Business Standard / Chennai, 30th July 2016 Published on : 30th July 2016
  • Created:Sat 30th JUL 2016

  Neyveli Lignite Corporation Ltd has initiated plans to set up 4,000 mega watt (MW) of solar power projects in line with Centre's National Solar Mission. The commencement of ...

JUL 30 2016

BHEL commissions 40-mw hydro power unit in West Bengal

  • PTI, ETEnergyWorld / New Delhi, 30th July 2016 Published on : 30th July 2016
  • Created:Sat 30th JUL 2016

  State-run power equipment maker BHEL has commissioned a 40-mw unit of a hydro power plant in West Bengal. "Just a month after the commissioning of the first 40-mw hydro ...

JUL 30 2016

NTPC & NHPC to spend Rs 100 crore in Hydro Engineering College in Himachal

  • Debjoy Sengupta, ETEnergyWorld / Kolkata, 30th July 2016 Published on : 30th July 2016
  • Created:Sat 30th JUL 2016

  Government of Himachal Pradesh, NTPC Ltd. & NHPC will jointly sped Rs 100 crore in setting up a Hydro Engineering College in Himachal Pradesh to promote technical education. To ...

JUL 30 2016

Tata Power's S. African jt venture operationalises 134-MW wind farm

  • PTI, The Hindu Business Line / New Delhi, 30th July 2016 Published on : 30th July 2016
  • Created:Sat 30th JUL 2016

                                        Tata Power's South African joint venture ...

JUL 30 2016

BHEL bags Rs 437 crore order for solar power projects

  • PTI, The Financial Express / New Delhi, 30th July 2016 Published on : 30th July 2016
  • Created:Sat 30th JUL 2016

  State-run BHEL has bagged orders worth Rs 437 crore for setting up 80 MW Solar Photovoltaic (SPV) power plants from Neyveli Lignite Corp and Bharat Electronics. With these new ...

JUL 30 2016

DERC issues subsidy guidelines for group housing societies

  • Shweta Goswami, The Hindu / New Delhi, 30th July 2016 Published on : 30th July 2016
  • Created:Sat 30th JUL 2016

  As more and more of residents in Group Housing Societies (GHS) rue being unable to avail of the 50 per cent subsidy on electricity bills, the Delhi Electricity Regulatory Commission ...

JUL 30 2016

Hydro power generation to go up on good monsoon: Govt

  • PTI, The Financial Express / New Delhi, 30th July 2016 Published on : 30th July 2016
  • Created:Sat 30th JUL 2016

  The government today expressed confidence that hydro power generation may go up this year on the account of good monsoons. “Hydro power (generation) will certainly go ...

JUL 29 2016

Gurgaon to become kerosene free from Nov 1

  • PTI, ETEnergyWorld / Gurgaon, 29th July 2016 Published on : 29th July 2016
  • Created:Fri 29th JUL 2016

  Gurgaon will become kerosene free from November 1 as around 30,000 kerosene users and BPL families will be provided LPG gas connections under the Pradhan Mantri Ujjwala Yojana ...

JUL 29 2016

Odd-even system in Tripura to distribute fuel

  • IANS, The Financial Express / Agartala, 29th July 2016 Published on : 29th July 2016
  • Created:Fri 29th JUL 2016

  Taking a cue from the Delhi government, Tripura has decided to introduce the “odd-even” system from Thursday in a bid to ration petrol and diesel due to extreme ...

JUL 29 2016

India's strategic oil reserves unlikely to stir market

  • Reuters, ETEnergyWorld / Singapore, 29th July 2016 Published on : 29th July 2016
  • Created:Fri 29th JUL 2016

  India's initial plan to build-up its strategic petroleum reserves (SPR) is not shaping out to be the dramatic event that some in the market had hoped could help reignite global oil ...

JUL 29 2016

Indian Oil Corp to introduce pre-booking of slots at petrol pumps to avoid congestion

  • Sanjeev Choudhary, ETEnergyWorld / New Delhi, 29th July 2016 Published on : 29th July 2016
  • Created:Fri 29th JUL 2016

  You may soon be able to avoid queues at petrol pumps by pre-booking your slot, or pay for the fuel without reaching for your wallet or card. Indian Oil Corporation, which accounts ...

JUL 29 2016

Reliance Industries-ONGC gas theft row: Report set to get delayed

  • Siddhartha P Sakia, The Financial Express / ETEnergyWorld / New Delhi, 29th July 2016 Published on : 29th July 2016
  • Created:Fri 29th JUL 2016

  The report of the AP Shah panel looking into the migration of natural gas from ONGC’s idling Krishna Godavari fields to the RIL’s adjoining KG-D6 block will be delayed ...

JUL 29 2016

Cairn PSC: Court asks govt to decide in 5 weeks as ONGC gives nod

  • Apurva Vishwanath, Live Mint / New Delhi, 29th July 2016 Published on : 29th July 2016
  • Created:Fri 29th JUL 2016

  The Delhi high court on Thursday gave the central government five weeks to decide whether or not to extend the production sharing contract (PSC) with Cairn India Ltd for the Barmer ...

JUL 29 2016

Legal war over, WBPDCL to begin coal mining ops by Dec

  • PTI, ETEnergyWorld / Kolkata, 29th July 2016 Published on : 29th July 2016
  • Created:Fri 29th JUL 2016

  The West Bengal Power Development Corporation Ltd (WBPDCL), the state generation utility, could well be among first state-owned generation utility in India to start mining ...