Sheikh Mohammed bin Zayed Al Nahyan is also India’s chief guest at the Republic Day Parade.
India and UAE on Wednesday inked as many as 14 strategic co-operation Memorandum of Understandings (MoUs)in the fields of defence, energy, trade and investment, information technology, and maritime security.
The pact assumes immense significance for an oil importing nation like India and one that feeds 80% of its crude oil needs through imports. The underground strategic storages have been built at different locations across India and filling half of the oil storage facility at Mangalore amounts to 10 days of India's average oil demand (or about 37 million barrels of crude oil).
In what will help towards India’s energy security goals besides building a strong bond with the United Arab Emirates (UAE), India on Wednesday inked a significant pact with the energy rich Gulf nation on oil storage and management.
State-owned power transmission major, Power Grid Corp of India Ltd (POWERGRID) has sought co-operation from all stakeholders for completion of the 1000 MVA Rajarhat 400/220kV substation in West Bengal considering that it is critical to supply of power in Kolkata and surrounding areas.
India is also working with Nepal to supply power through two more radial 132kV lines viz. Raxaul-Parwanipur and Kataiya-Kushaha, which are being commissioned through the grant assistance of Government of India.
From the first day of the new year, 1st January, 2017, additional power transfer of 80MW to Nepal is expected to commence. With this, the total supply of electricity to Nepal from India will be about 400 MW.
Anupama Airy India is moving fast on the power capacity generation front and from a power deficit nation, it is presently a power surplus region. Just a day back on December 26, state-owned NTPC Ltd inked an agreement to import 160 mw to India’s strategic neighbour Nepal. With 2016 coming to an end, the Modi […]
India’s Coal Production Crosses 391 MT With An Growth of 1.6%During Apr-Nov 2016. After helping the exchequer save about Rs 20,000 crore in 2015-16, the coal ministry saved Rs 4,844 crore in the first four months of the current year.
Coal Ministry Goes Fully Digital, Several IT Initiatives Taken Round the Year to Enhance Transparency and Ease of Doing Business.
The DHBVN or Dakshin Haryana Bijli Vitran Nigam--- one of the two state power distribution companies of Haryana that joined the UDAY scheme on March 11, 2016 has not just been able to completely wipe out its losses for the first time but has also posted a profit of Rs 201.35 crore in the first half of the current financial year (2016-17) as against a loss of Rs 479 crore last financial year (2015-16).
In what comes as a big success for the Union minister for power, RE, coal and mines, Piyush Goyal (who spent days and months in convincing states to join the Centre’s flagship scheme —- UDAY or Ujwal DISCOM Assurance Yojana for the financial and operational turnaround of state power distribution companies), India has got its first state power distribution company that has been able to eliminate its losses after joining within 10 months of joining UDAY.