Construction of new fell sharply last year due to a clampdown on projects in China and less finance available in India, a report by three environmental groups said on Wednesday.
A rooftop solar plant at Sardar Vallabhbhai Patel International (SVPI) airport commissioned on Tuesday, a statement from airport officials said.
Hartek Group, an engineering, procurement and construction (EPC) firm, has announced the appointment of power industry veteran Jeet Chhatwal as a director on its board.
The capacity utilization of thermal power plants has been in the red for the last several years. From a peak of 79 per cent in 2007-08, it fell to 75 per cent in 2010-11 due to the twin reasons of faster capacity addition and stressed coal availability. It now stands at less than 60 per cent despite availability of coal.
India’s vast coal reserves could remain unused in future, thanks to the expected mega shift towards clean energy generation sector, the country’s power, coal, renewable energy and mines minister Piyush Goyal said.
Oil prices were largely steady on Friday, finishing the week with modest gains, but speculators sharply cut long positions during last week’s rout, on concerns that an OPEC production cut was failing to reduce a global supply overhang.
Billionaire metals maven Anil Agarwal made a surprise bid for as much as 13% of British mining giant Anglo American Plc for $2.4 billion, a move that will give him a foot in the door of the $23-billion conglomerate, which is larger than his Vedanta Resources.
The Modi government is preparing to launch commercial coal mining in India for the first time in over four decades. For the mines to be auctioned, pricing will be left to the companies, Coal Secretary Susheel Kumar tells Debapriya Mondal in an exclusive interview. Edited excerpts..
Suncor Energy has sold a cargo of offshore Canadian crude from its Hibernia field to Indian Oil Corp , a Suncor spokeswoman said on Wednesday.
The reopening of Badarpur thermal power plant, scheduled for tomorrow, will be a “setback” to the efforts in reducing public health crisis associated with air pollution, Greenpeace India said today.