Two latest developments on the policy and regulatory side have significantly boosted the prospects for power generating companies. This includes the centre’s directive mandating the opening and maintenance of adequate Letter of Credit (LC)
The Andhra Pradesh (AP) government’s latest move to review and bring down the purchase cost of wind and solar energy could aggravate the problem of delayed payments from distribution companies (discoms) and bring under stress about 5.2 gigawatt (GW) of renewable projects with debt of over Rs 21,000 crore.
A constable was hospitalized after two coal thieves allegedly hit him with their van when he tried to intercept the vehicle in Bhadrak district of Odisha on Sunday. Rajendra Panigrahi, the constable, is battling for life at SCB Medical College and Hospital in Cuttack.
An unknown person stole eight solar panels installed by a farmer to operate tubewells in his farm. The farmer had taken a loan of Rs 3.33 lakh to buy the solar panels.
India and Russia on Monday explored opportunities for investments in oil and gas sectors in both countries eyeing to expand their partnership in this sector.
Indian Energy Exchange (IEX) witnessed a 30% rise in power demand on Monday as compared to last Monday (July 15). Average price for Monday deliveries was settled at Rs 3.81 per unit, 6.73% more than previous Monday’s average price.
Oil prices inched lower on Tuesday as the International Energy Agency (IEA) said it would act quickly if needed to keep the market supplied amid tensions in the Middle East and traders eyed a weaker demand outlook.
A government committee constituted to liberalise the auto fuel retail sector has also been instructed by the petroleum ministry to suggest ways to increase private participation in the liquefied petroleum gas (LPG) retail, Oil and Steel Minister Dharmendra Pradhan told ETEnergyWorld.
CG Power and Industrial Solutions Ltd has bagged a contract valued at 12.5 million euros (about Rs 96 crore) for high-voltage substations that will connect the Dumat Al Jandal wind farm to the Saudi Arabian electricity transmission grid.
Even as Gujarat and Madhya Pradesh spar over the release of Narmada waters, the minutes of the crucial April 15, 2019 meeting called by the Narmada Control Authority (NCA) throws light on what had transpired between the four party states. The meeting was called to discuss, “the proposal of Gujarat to issue directive to NCA […]