GUVNL Scraps 500MW Wind Power Tender

GUVNL Scraps 500MW Wind Power Tender

Gujarat Urja Vikas Nigam Limited (GUVNL) scrapped a tender for procurement of 500MW of electricity generated from wind power. The auction, which has faced several delays since it was launched at the end of February, was scrapped due to certain issues raised by bidders.

Oil Rises But Declines For The Week As Supply Concerns Ease

Oil Rises But Declines For The Week As Supply Concerns Ease

Oil prices rose about 1 percent on Friday as strike actions in Norway and Iraq hit supplies, but futures were set for a second straight week of decline after Libyan ports reopened and on the view that Iran might still export some crude despite U.S. sanctions.