Six years since replacing the erstwhile useful heat value (UHV) based pricing system with gross-calorific value-based pricing, Coal India adopted a new pricing policy on January 9 for non-coking coal, used primarily for electricity generation.
Power Finance Corporation Ltd (PFC) in consortium with Rural Electrification Corporation (REC) and State Bank of India (SBI) will provide ₹ 11,067-crore financial assistance to Neyveli Uttar Pradesh Power Ltd (NUPPL).
The joker in the pack’ for Arun Jaitley’s critical Budget (2018-19) will be crude oil prices, which had helped in play with numbers and subsidies during his previous Budgets.
The global oil and gas industry is reinventing itself in search of an optimal trajectory into a sustainable future. The good news in 2017 was a return of cautious optimism across the industry.
The power ministry targeted 100 per cent rural electrification by May 2018.
At the current rate, this target could be achieved soon.
A CBI official and his crony, who allegedly manipulated Tatkal ticket reservation system of the railways through an illegal software developed by the former, were operating at pan-India level, officials said here today.
Essar Oilfields Services (India) Ltd (EOSIL), on Tuesday, announced that it has commenced a contract awarded by Mercator Petroleum to drill two firm oil wells and one optional oil well in the Cambay Basin, Gujarat.
The Ministry of New and Renewable Energy has proposed SRISTI — Sustainable Rooftop Implementation for Solar Transfiguration of India – scheme to incentivise the installation of rooftop solar projects in India.
Price of wind power crashed to Rs 2.43 a kWhr in tariff-based capacity auction of Gujarat’s utility, Gujarat Urja Vikas Nigam Ltd (GUVNL). GUVNL has announced that a company called Sprng Energy Pvt Ltd has quoted that price, bidding for 197.5 MW of the 500 MW auctioned by GUVNL.
The Adani Group said on Monday it had canceled plans with Downer EDI Ltd to help develop and run its Carmichael coal mine in Australia after failing to secure a cheap government loan for the A$16.5 billion ($13 billion) project.