GAIL India posted a sluggish performance for the quarter ended September. Despite steady volume growth, operating performance was impacted by one-offs in the trading and gas transmission segments.
There are two main reasons that companies contract to buy green power: it is cheaper and cleaner. The first reason is the dominant one for commercial and industrial (C&I) power consumers in India, who see their power bill being slashed as they opt for cleaner solar and wind power.
Tata Power announced after trading hours on Monday, 11 November 2019, that its wholly owned subsidiary, Tata Power Renewable Energy (TPREL), has received a Letter of Award (LoA) from Gujarat Urja Vikas Nigam (GUVNL) on 7 November 2019 to develop a 50 megawatts (MW) solar project in Dholera Solar Park in Gujarat.
India on Monday wooed foreign companies to invest in its oil and gas sector as the world’s third-largest energy consumer is likely to see over USD 100 billion spending in energy infrastructure creation to meet rising demand.
In one of the last reforms in the oil and gas sector, the government is set to free up pricing of all domestically produced gas that would help scale up local production from fields of ONGC, OIL, Reliance and Vedanta and help create a uniform gas where the fuel is freely tradable on exchanges.
Net profit of Power Grid Corporation of India rose 9.49% to Rs 2571.10 crore in the quarter ended September 2019 as against Rs 2348.25 crore during the previous quarter ended September 2018.
The Union power ministry has an ambitious plan for 100 per cent smart metering over the next two years. However, not all state distribution companies (discoms) see a financial benefit from smart meters.
The union power ministry’s ambitious plan for 100 per cent smart metering in the next two years may face some distress, with not all state distribution companies seeing a financial benefit from the devices.
GAIL (India) announced the inauguration of supply of domestic Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) station in Jamshedpur. The work for laying a 125 KM long spur pipeline from Purulia to Jamshedpur was also commenced.
There is a possibility that labour ministry may not come out with the QES in the organised sector as the government has recently decided to make the payroll data a regular exercise.