Andhra Pradesh contests HC order prohibiting revision of PPAs

Andhra Pradesh contests HC order prohibiting revision of PPAs

The Andhra Pradesh government has challenged an order passed by a single-judge bench of the state high court restraining the government from renegotiating or revising power purchase agreements (PPA) signed with renewable energy companies, saying the court order is “bad in law and contrary to the facts

ONGC seeks buyers for KG Basin gas

ONGC seeks buyers for KG Basin gas

Oil and Natural Gas Corp is seeking buyers for the first gas from its KG basin fields, which would begin production next month after years of delay. ONGC is auctioning 0.75 million metric standard cubic meters a day (MMSCDM) of gas for three years from its KG-DWN-98/2 fields,

ONGC auction gets tepid response

ONGC auction gets tepid response

Oil and Natural Gas Corp’s bid to seek private operators for its 64 producing small fields is attracting limited interest from experienced players as potential bidders want a key auction criterion changed: they want the state-run firm to offer a part of the baseline production on top of the proposed share in incremental output from these fields.

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