India is planning to add around 1,305 Megawatt (Mw) of additional hydropower generation capacity in the current financial year, over 20 per cent lower as compared to 1,659 Mw added last fiscal.
The government’s recent notification of bidding guidelines for the award of solar power projects comes as a positive development for the sector, credit ratings agency ICRA has said.
Venezuelan President Nicolas Maduro announced Friday his government will sell oil and other commodities in currencies other than the dollar, in a bid to weather US-imposed sanctions on the embattled country.
The Goods and Services Tax Council on Saturday raised the cess on motor vehicles–mid-size cars, large cars and sports utility vehicles by 2%, 5% and 7% respectively instead of whole 10% increase effected in the law, while keeping the overall tax incidence within 50%.
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Reliance Industries has acquired Gujarat-based Kemrock Industries & Exports after the latter’s lenders put up the company and its assets up on the block, the Mukesh Ambani-led conglomerate said in a statement.
KOR Energy(India) Pvt. Ltd., a solar power company on Wednesday announced that it successfully installed a 100 KWp grid tied rooftop solar system at Delhi Public School (DPS), Chandauli Mohansarai Bypass Road, Varanasi.
Sri Lanka has invited Petronet LNG to set up a liquid gas import terminal in that country, marking a major success for the Narendra Modigovernment’s energy diplomacy and signalling India’s emergence as a gas bridge for South Asia.
In an effort to speed-up projects, the Home Ministry has given financial powers to the joint secretaries who can now spend up to Rs 50 crore for executing works and purchasing land, an official said.
The UK’s Department for International Trade (DIT) is bringing together a delegation of Indian oil and gas organisations at the Society of Petroleum Engineers (SPE Offshore) Europe in Aberdeen in the UK from September 5 to September 8.