First, the good news. The Centre’s munificence on oil prices on Thursday would only cost the exchequer Rs 6,500 crore. The gap could probably be managed if tax or other receipts grow and the finance minister
Himachal Pradesh is offering land at a rate of Re 1 per square metre to woo investors to set up renewable energy projects in the state, Chief Minister Jai Ram Thakur said on Thursday.
“Due to coal shortage, Tangedco units are working at 50% capacity. Tuticorin units have coal stock to the extent of 3 days and that is the maximum among all our units,” said a senior Tangedco official. Other units have coal stock for 1 to 2 days alone, he said.
The cost of power hit a new high of Rs 18.2 per unit in the electricity exchange on Thursday due to increased demand from discoms including Tangedco. Facing shortage of coal supply for power generation,
The government’s latest directive to Oil Marketing Companies (OMCs) to bear the burden of fuel price cut by Re 1 per litre in the retail rates of petrol and diesel is likely to hit the collective net profit of the three OMCs by Rs 4,500 crore in the rest of the financial year ending March 2019.
Concerned over the spike in fuel prices, Finance Minister Arun Jaitley met Oil Minister Dharmendra Pradhan to look at options to mitigate its impact on the economy, sources aware of the discussion said.
PTC India Financial Services (PFS), the non-banking financing arm of power trader PTC India, today announced the company’s board has appointed Pawan Singh as the new Managing Director and Chief Executive Officer (CEO) of the company with immediate effect for a period of five years.
In April last year, during his visit to Gujarat, Prime Minister Narendra Modi had floated urged farmers to install solar pumps in their fields and sell the surplus solar energy that is generated to the grid, thereby increasing their own income.
Petrol and diesel prices continued the upward trend across India as the fuel prices entered new record height on Saturday. While petrol has touched Rs 83.40 (increase by Rs 0.22) per litre, diesel too is being sold at a historic high
To cater to the demands of the upcoming festival season without adding to Delhi’s high pollution levels, two power distribution companies (discoms) in the national capital — BSES Rajdhani Power Ltd and BSES Yamuna Power Ltd
US-based Triton Solar Company has agreed to set up a solar batteries manufacturing plant in Andhra Pradesh under public-private-partnership (PPP) model and has signed a memorandum of understanding with the Andhra Pradesh