Hindustan Petroleum Corp Ltd (HPCL) has for the last one-and-half-years refused to recognise its majority shareholder ONGC as a promoter, according to stock exchange filings.
Japanese energy utility Osaka Gas Co. and the Japan Bank for International Cooperation (JBIC) have invested $100 million for a minority stake in AG&P, the manila-based firm that has recently obtained 12 city gas distribution licenses in India.
NTPC and Solar Energy Corp of India (SECI) have threatened Andhra Pradesh power distribution utilities of legal action and have denied renegotiation of tariffs from solar plants, saying the demand does not hold any valid ground.
Worldwide, renewable energy has established itself as the technology of choice for new power generation capacity and India’s recent status of lowest-cost producer of solar power further reflects an ongoing shift towards renewable power as the driver of global energy transformation.
The oil ministry will soon approach the Cabinet for about Rs 6,000 crore in viability gap funding (VGF) for the proposed gas grid in the northeast. Indradhanush Gas Grid Ltd (IGGL), a joint venture of Indian Oil
Amplus Energy Solutions has announced investment of Rs 500 crore for its second open access solar project of 100MW in district Deoria of Uttar Pradesh. The ground-breaking ceremony by the state government this month will kick-off this project, the company said in a statement.
Surging oil and gas prices, skyrocketing insurance costs and attacks on energy and banking infrastructure are likely to be some of the initial impacts if the current Iranian tension erupts into outright war.
Public sector power utility, Assam Power Distribution Company Limited (APDCL) has come up with a single window clearance system for accelerating deployment of Grid Connected Solar Rooftop installations in Assam.
India and Nepal have successfully concluded the ‘testing transfer’ of the Rs 325 crore Motihari-Amlekhguni oil pipeline and the strategically important project is set to start commercial operation next month, a media report said Friday.
India expects to achieve a renewable energy capacity target of 260 gigawatt (GW) by 2024, a government official said on Friday, as the country sees rapid growth in renewable capacity backed by government orders, private equity and pension fund investments.