India solar power generation capacity that stood at 2,650 MW on May 26, 2014, crossed the 10,000 MW mark on March 11, registering a three time increase in less than three years.
Coming Soon – EESL’s Super-Efficient Air Conditioner That Is 40% More Efficient Than The Best AC In India
Change Your Old ACs To The New Super-Efficient ACs And Save 40% in Electricity Bills. The Savings In Power Bills To Cover Up For The Higher Cost Of AC
In contrast to present ACs which have a fixed speed drive, Invertor ACs or super-efficient ACs have variable frequency and is an air conditioner which is atleast 5.2 and 40% more efficient then the best in class available in the Indian market, EESL MD, Saurabh Kumar
NTPC mainly produces power from coal but also has hydro, solar and wind power projects. Adding coal production in its business, it has successfully become an integrated energy company with interests diversified across the fuel value chain and in line with global standards.
India’s largest thermal power generation company, NTPC Limited is now an integrated power and coal producing firm. NTPC on Thursday flagged off the first consignment of coal from its Pakri Barwadih coal mine in Jharkhand to the company’s Barh power project in Bihar. The Pakri Barwadih coal mine has estimated mining capacity of 15 Million Tons Per Annum (MTPA) and has been allotted to NTPC as basket mine to meet the fuel shortfall of its power stations.
The three companies submitted the lowest bids from a lot of 20 bidders, both national and international, who had initially submitted their proposals to develop the Rewa solar park in Madhya Pradesh. The bids had closed on January 23.
The reverse bidding process for the Rewa solar park in Madhya Pradesh saw record first year low tariffs by the bidding companies. While Mahindra emerged the successful bidder for Unit-1 and submitted the lowest first year tariff at Rs 2.979 a unit, Acme Solar bid further low for the second unit of Rewa at Rs 2.970 a unit and Solenberg bid the lowest first year tariff of Rs 2.974 for the third unit of Rewa.
The two new strategic oil facilities announced at Odisha and Rajasthan are in addition to the three facilities that already exist in the country as underground storages in rock caverns at Visakhapatnam (1.33 million tonnes), Mangalore (1.5 MT) and Padur (2.5 MT).
Union petroleum minister Dharmendra Pradhan said the move to create two new strategic oil storage will enhance India’s energy security “taking our strategic reserve capacity to 15.33 MMT.” This, he said, will increase India’s oil storage capacity to meet the consumption requirement of about 90 days which is at par with the international benchmarks.
Creation Of An Integrated Mega Indian Oil PSU To Rival Global Energy Majors Announced In Union Budget 2017
In what can rival the likes of Russia’s Rosneft ($55 billion in market cap) and UK’s BP Plc ($112 billion) in market value and financial power, finance minister Arun Jaitley while presenting the Union Budget 2017 announced creation of an integrated public sector ‘oil major’ by integrating the oil sector PSUs across the value chain and to enhance capacity of Oil PSUs to bear higher risks, avail economies of scale, take higher investment decisions and create more value for the stakeholders.
Arun Jaitley’s Budget 2017-18 Endorses Piyush Goyal’s Focus On Renewable Energy and Rural Electrification
Maintaining its focus on India’s Renewable Energy plans, Finance Minister Arun Jaitley while presently Union Budget 2017-18 said the government would now take up the second phase of solar park development in the country to add 20,000 MW.
Government Plans to revive $2 billion of Gold reserves and Make “Bharat Sone Ki Chidiya again, says Piyush Goyal
We are committed to make Bharat Sone (Gold) Ki Chidiya again. Gold reserves worth $2 billion to be revived, it will bring down the import of gold,” Union Mines Minister, Piyush Goyal also holding the charge of power, RE and coal ministries said in a tweet on Friday.
India, the second largest importer of Gold after China, is working on a plan to revive gold reserves worth $2 billion in a couple of its age old gold mines that have been lying shut for more than 15 years.
The pact assumes immense significance for an oil importing nation like India and one that feeds 80% of its crude oil needs through imports. The underground strategic storages have been built at different locations across India and filling half of the oil storage facility at Mangalore amounts to 10 days of India's average oil demand (or about 37 million barrels of crude oil).
In what will help towards India’s energy security goals besides building a strong bond with the United Arab Emirates (UAE), India on Wednesday inked a significant pact with the energy rich Gulf nation on oil storage and management.
Today India is a world leader in LED consumption and we're selling 600,000 LED bulbs a day, union minister of state for power, coal, RE and mines Piyush Goyal said on Wednesday at the Raisina Dialogue 2017 in New Delhi.
In a span of just two years and which is also a record of sorts, India is presently selling six lakh LED bulbs every day and has crossed yet another benchmark of distributing over 20 crore LED bulbs under its flagship UJALA scheme. This assumes significance given the savings of Rs 10,000 crore that will accrue annually in electricity bills of the consumers.