Power & Energy News Monthly Archive January 2018

JAN 18 2018

Rs 616-cr being spent on power augmentation in JK: Asiea Naqash

  • PTI, The Financial Express / 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  Jammu and Kashmir government today said the Centre has launched Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) for improvement of power system in the state at a cost of Rs 616.59 ...

JAN 18 2018

With solar boom, 5.6GW RE added in 9 months

  • G Balachandar, The Hindu Business Line / Chennai, 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  The solar power sector continues to drive the addition of renewable energy capacity in the country. Also, rooftop solar capacity is in the verge of crossing the 1GW mark during this ...

JAN 18 2018

BHEL bags 2,800-cr order for power project in Maharashtra

  • PTI, The Hindu Business Line / New Delhi, 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  State-run power equipment maker BHEL on Wednesday said it has won a 2,800-crore contract for 660 MW supercritical thermal power project in Maharashtra. It will be set up as an ...

JAN 18 2018

Adani Power posts 792-cr standalone profit in Q3; consolidated loss nearly doubles

  • Our Bureau, The Hindu Business Line / Ahmedabad, 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  Adani Group's power arm, Adani Power Ltd, has posted a net profit of Rs. 792 crore for the third quarter ended December 2017 against a net loss of Rs. 823 crore in the corresponding ...

JAN 18 2018

'Safeguard duty on imported solar panels to put at risk projects worth Rs. 12,000 cr'

  • V Rishi Kumar, The Hindu Business Line / Hyderabad, 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  Levying of 70 per cent provisional safeguard duty on imported solar panels and modules from China and Malaysia, as recommended by the Directorate-General of Safeguards, will put ...

JAN 18 2018

Sembcorp Industries planning IPO for India unit to raise $500-600 million

  • Swaraj Singh Dhanjal, Live Mint / Mumbai, 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  Singapore-based utility group Sembcorp Industries is gearing up to file for an initial public offering (IPO) of its Indian arm which could see the company raise around $500-600 ...

JAN 18 2018

Have fulfilled land compensation commitment for plant: NTPC

  • PTI, Live Mint / Gadarwara(MP), 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  State-run NTPC Ltd said on Wednesday that it has fulfilled all its commitments for the acquisition of land for its 1,600 MW Gadarwara power project. The public sector power utility ...

JAN 18 2018

Yes Bank to mobilise USD 1 billion by 2023 for solar power projects

  • PTI, ETEnergyWorld / New Delhi, 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  Private sector lender Yes Bank today said it will mobilise USD 1 billion by 2023 for financing solar energy projects in India. The announcement was made at the International Solar ...

JAN 18 2018

Renewable power companies compete with thermal plants in spot market

  • Sarita C Singh, ETEnergyWorld / New Delhi, 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  Renewable energy has quietly crossed a major landmark as it has started competing directly with thermally generated electricity in the spot market, intensifying competition in the ...

JAN 18 2018

BHEL bags mega Rs 2,800 crore contract from MAHAGENCO

  • ETEnergyWorld, ETEnergyWorld / New Delhi, 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  Bharat Heavy Electricals Ltd (BHEL), the country's largest power equipment manufacturer, today announced it has bagged a major Rs 2,800 crore contract for setting up a 660 Megawatt ...

JAN 18 2018

Pollution board to monitor unloading of coal imported by JSW arm at Goa port

  • TNN, ETEnergyWorld / Panaji, 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  The relief granted by the High Court of Bombay, Goa Bench, will allow South West Port Ltd (SWPL), a company owned by infrastructure giant JSW handling coal, to unload coal at ...

JAN 18 2018

India to auction 55 blocks for oil, gas exploration today

  • PTI, ETEnergyWorld / New Delhi, 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  India will today put on auction 55 exploration blocks in the first bid round in eight years that will offer a record area for prospecting of oil and gas, the head of country's ...

JAN 18 2018

Petroleum sector regulator changes bid norms for CNG, PNG retail licence

  • PTI, ETEnergyWorld / New Delhi, 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  After "one paisa" bids spoilt the initial auction rounds, oil regulator PNGRB has proposed to radically change the bidding parameters for obtaining a licence to retail CNG and piped ...

JAN 18 2018

Huge opportunity for US to export LNG to India, China: IEA chief

  • PTI, ETEnergyWorld / Washington, 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  There is a huge opportunity for the US to export LNG to India and China in the next five years as they push to replace coal, the head of the International Energy Agency has said as ...

JAN 18 2018

Reliance Industries, BP seek out customers for gas from R-series field in KG basin

  • Kalpana Pathak, Live Mint / Mumbai, 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  Reliance Industries (RIL) and BP Plc, partners in a gas block in the Krishna-Godavari basin, have started approaching prospective customers to sell gas that will start flowing from ...

JAN 18 2018

Delhi HC reserves order on PSC extension between Cairn India and ONGC for Barmer block

  • Aditi Singh, Live Mint / New Delhi, 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  Delhi high court on Wednesday reserved its order on the extension of the production sharing contract (PSC) between Cairn India Ltd and state-run Oil and Natural Gas Corporation Ltd ...

JAN 18 2018

Govt is said to mull selling HPCL at not more than 9% premium

  • Sidhartha Singh, Live Mint / New Delhi, 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  India is considering a plan to sell its ownership in Hindustan Petroleum Corp. to the nation’s biggest explorer at a premium of not more than 9% of the company’s ...

JAN 18 2018

How Minister Pradhan can leverage a crude oil rally

  • Richa Mishra, The Hindu Business Line / New Delhi, 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  A spike in crude oil prices, which could put Finance Minister Arun Jaitley at a disadvantage as he prepares for his Union Budget, but may prove to be an advantage for Dhamendra ...

JAN 18 2018

Ashok Leyland, Israels Phinergy tie-up for electric vehicles

  • Our Bureau, The Hindu Business Line / Chennai, 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  Truck and bus maker Ashok Leyland has signed a Letter of Intent (LoI) with Phinergy of Israel for its electric commercial vehicle solutions. Ashok Leyland and Phinergy will work ...

JAN 18 2018

Bharat Forge sets up R&D facility for Electric Vehicles in Britain

  • PTI, ETEnergyWorld / Mumbai, 18th January 2018 Published on : 18th January 2018
  • Created:Thu 18th JAN 2018

  Pune-based auto components major Bharat Forge has opened an R&D facility in Britain for developing components and sub-systems focused on e-vehicles. The Electric ...