Independent power producer Mytrah Energy (India) has entered into a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for setting up a 300 MW wind power plant in Coimbatore.
Energy Efficiency Services Ltd (EESL), a joint venture of PSUs under the Ministry of Power, has been selected by the International Solar Alliance (ISA) to facilitate implementation of 5,00,000 Solar Water Pumping Systems.
Ratnagiri Refinery & Petrochemicals Ltd (RRPCL), the entity that plans to build the world’s plant in Maharashtra, will source 30 million tonnes (mt) or half of the crude it requires, from partners Saudi Arabian Oil Co (Saudi Aramco) and Abu Dhabi National Oil Company (ADNOC), a top official said.
The Union Ministry of Power has accused SoftBank (SB) Energy of attempting to cartelise and drive up solar power tariffs at the 3,000 MW solar auction in July.
New York Stock Exchange-listed US oil giant Exxon Mobil Corp is interested in picking up a stake in Bharat Oman Refineries Ltd (BORL) which runs a refinery at Bina, Madhya Pradesh as global oil producers jostle for space in India’s expanding refinery market.
CLP India, a wholly-owned subsidiary of Hong Kong-based CLP Holdings, and one of the largest foreign investors in India’s renewable space, has acquired 49 per cent stake in two of Suzlon’s solar projects in Dhule, Maharashtra.
Iran’s Kish P&I Club and Qeshm International Trust Alliance (QITA P&I Club) have been granted permission by India till February 2020 to provide cover to Iran tankers bringing crude to the country with a liability limit equivalent to the one extended by a London-based global insurance group.
State governments will likely reap a windfall gain of around ₹22,700 crore this fiscal from the increase in the prices of petrol and diesel, a report by the State Bank of India’s Economic Research Wing has claimed.
The rhetoric on turning the world into renewable energy-run planet is gradually going up in thin air.
India is clear that commercial considerations will drive its crude oil imports from the US and that oil bought from Washington should not be seen as replacing Iranian petroleum.