The Expert Appraisal Committee under the Environment Ministry has given “green signal” to Indian Oil Corporation Ltd for setting up a grass root petroleum storage and distribution terminal in Telangana.
The fast depletion of coal, a strategic resource and India’s fuel of choice currently, has huge implications for energy costs, according to K Sivadasan, a sectoral expert.
India’s electricity supply deficit has more than halved to 2 per cent despite annual peak demand rising nearly 21 per cent from 2013-14 to 2017-18. The peak demand is an assessment of the maximum power requirement during any time of the year.
The government’s disinvestment proceeds have touched Rs 53,558 crore so far in the current fiscal, as against the full year budget target of Rs 80,000 crore. Last week, as much as Rs 10,000 crore came in from Bharat-22 ETF and,
Ease of doing business: Government exempts these industries from environmental clearance for power plants
The Centre has exempted industries like steel, cement and metal from mandatory prior environment clearance for setting up a new or expanding the existing captive power plant employing waste heat recovery boilers (WHRB) without using any auxiliary fuel.
Two years after the government shifted to revenue sharing contracts for oil and gas block auctions, a high-level panel has suggested reverting back to older system of awarding areas in most basins based on exploration commitment.
After recovering from an unexpected natural calamity, the State is now on a renovation mode, building a ‘New Kerala’ that focuses on sustainable development.
Power utility companies are expecting massive demand for power in the next Rabi crop season and have decided to gear up for the same. A high-level meeting of TS Genco, TS Transco, SPDCL and NPDCL officials was held in Hyderabad on Saturday
Crude oil has been range-bound this week. Much uncertainty prevailed regarding the trade deal between the US and China. In global markets, trade tensions have resurfaced as the US President Donald Trump said that he is unlikely to meet his Chinese counterpart before the March 1 deadline.
Work on Indian Oil Corporation Ltd’s (IOCL) ₹5,151 crore liquid natural gas (LNG) import terminal at Ennore has been completed and the facility is likely to receive its first consignment by this month end.