India’s increased focus on cleaner cooking fuel may open the door for imports of liquefied petroleum gas from the U.S., according to Facts Global Energy.
Falling wind power tariffs will stabilise over time with a surge in renewable energy sold through competitive bidding, said Tulsi Tanti, chairman of wind turbine maker Suzlon Energy Ltd.
JSW Steel Ltd., India’s biggest producer, is interested in snapping up two struggling rivals, Bhushan Steel Ltd. and Monnet Ispat & Energy Ltd., as part of an industry-wide wave of consolidation sparked by a new bankruptcy law designed to clear-out distressed assets.
The Oil and Natural Gas Corporation Ltd.’s acquisition of 51 percent stake in public sector refiner Hindustan Petroleum Corporation Ltd. to help the government meet its divestment target isn’t the first-of-its-kind deal.
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.