Wind power tariffs have fallen to their lowest, even below the cheapest solar rates, in the one year since the government switched to competitive bidding to hand out projects.
India has increased the size of its oil and natural gas resources by 50 percent because of better data, according to the country’s oil regulator.
State-backed Energy Efficiency Services Ltd. plans to rollout its electric vehicle programme in more states after rolling out the first phase of green cars in Delhi this month.
Wind power prices fell to its lowest and below the cheapest solar tariffs in the fourth round of auctions, putting more pressure on turbine makers as developers are expected to negotiate already-falling equipment prices.
Coal imports surged 40 percent to 19.18 million tonnes in November, mainly due to pick up in demand for winter restocking and low coal stock position in power plants.
After an average wage revision of 20 percent for around 2.98 lakh permanent employees of Coal India Ltd., trade unions are now readying to pitch for a similar wage agreement for contractual workers of the miner.
State-owned gas utility GAIL India plans a capital expenditure of Rs 6,000 crore by the end of the financial year 2018-19.
In the latest blow to the Adani Enterprises Ltd., at least three banks have ruled out funding the conglomerate’s long-delayed Carmichael coal mining project in Australia.
India’s push for cleaner fuels will not just trigger an electric car boom. It will also drive consumption of natural gas as the nation weans car owners away from polluting fuels like petrol and diesel, among the largest contributors to Asia’s third-largest economy’s import bill.
A strong balance sheet coupled with limited investment avenues can make the world’s largest coal producer, Coal India Ltd., a good candidate to acquire the government’s stake in GAIL (India) Ltd., according to brokerage Antique Stock Broking.