Reliance Industries and partner BP have withdrawn the gas price-related arbitration against the government, paving the way for the companies to claim the premium price for output from deep-sea fields in which they plan to invest Rs 40,000 crore.
Electricity tariffs will not rise after the Goods and Services Tax (GST) regime gets implemented from July 1, power, coal, renewable energy and mines minister Piyush Goyal said on Thursday.
The finance ministry has rejected an ambitious Rs 20,000-crore plan to prop up local solar equipment manufacturers with incentives and subsidies to help them withstand the flood of Chinese imports, said a source close to the development.
Energy Efficiency Services Limited (EESL) on Thursday said it has invited an expression of interest to enter into strategic partnership with organisations that work in the space of clean energy, energy efficiency, low carbon growth strategy.
Rural Electrification Corp, the nodal public sector company to finance power projects in rural India is planning to raise $300 million by selling bonds to overseas investors as early as next week, two people familiar with the deal said.
Fuel oil profit margins have surged to their highest in more than five years on lower supplies and rising demand from electric power generators, which may push some refiners to increase their runs.
The Department of Science and Technology (DST) is conducting a study to assess the feasibility of having different time zones in the country.
The US will provide $7.5 million to help advance India’s power gridBSE -2.11 % as part of their commitments to ensure access to affordable and reliable energy in both countries.
Net export of petroleum products has fallen 42% in three years as domestic demand sharply rose for polluting fuel oil and and pet-coke as well as liquefied petroleum gas (LPG), the cleaner cooking gas mostly used by households.
Union Minister of Power, New & Renewable Energy, Piyush Goyal has advised RINL to make a foray into solar and renewable energy to reduce dependence on fossil fuels to generate thermal power.