The Modi government is planning to soon hold a second round of bidding for discovered small fields very soon, buoyed by the healthy response from investors, including first-time entrants in the hydrocarbon sector, in the just-conducted auctions.
China’s Sinopec will pay almost $1 billion for a 75 percent stake in Chevron Corp’s South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies announced on Wednesday.
The Government had announced in this year’s Budget its intention to strengthen its oil PSUs through a mega merger so that they could ostensibly compete with some of the largest global petroleum companies.
The recent record low solar tariffs have once again started the murmurs in the in the business circles and in the media about how low tariffs will render this sector ineffective in the long run.
The government will offer incentives to companies that take lead in proposing to develop oil and gas blocks of their choice leading to a government-monitored auction, according to the draft Open Acreage Licensing Policy (OALP).
Reliance Industries promoters group plans to restructure its stake holding among promoter entities, without changing the total promoter group holding in the company, the company notified the bourses on Thursday.
The government has set a target of generating 1,229.4 billion units in 2017-18 from thermal, hydro and nuclear sources along with imports from Bhutan, Central Electricity Authority data showed.
India’s crude oil import bill is expected to increase by 12.5 percent to $72 billion in the current financial year (2016-17), according to Petroleum Planning and Analysis Cell (PPAC), the oil ministry’s technical wing.
Last Thursday 3 pm onwards, every player of the Indian wind industry geared up for real action which continued till wee hours of Friday. In the first ever wind bidding by state-run Solar Energy Corp. of India (SECI) for 1000 MW bidders were allowed to locate projects in the state of their choice and most have opted for Tamil Nadu and Gujarat.
Tata Power-Delhi Distribution Ltd today said it has launched energy efficient LED lighting and ceiling fan scheme fot its customers under the government’s UJALA programme