After a bump, India is speeding through wind energy tenders at the national level as it tries to makeup for the lost time and meet its target to have 60 gigawatts of installed wind energy capacity by March 2022.
One of the largest coal-fired power plants in the West will close this year as planned after a Navajo Nation company ended its long-shot bid Friday to acquire it.
Power Finance Corporation (PFC) on Friday said its board of directors will meet on March 27 to consider a proposal for market borrowing for FY20 through bonds, term-loans from banks and commercial papers from domestic and international markets.
To explore shale gas reserves in the region, Essar Oil & Gas Exploration and Production (EOGEP) plans to drill two pilot wells in the Raniganj coal-bed methane (CBM) block by the end of 2019. The number of wells will later be increased to 20 at an investment of Rs 551 crore.
The seventh goal set as part of the ‘Sustainable Development Goals’ aims to ensure access to affordable, reliable, and modern energy services to all by the year 2030.
State-owned Power Grid Corporation on Friday said it has paid ₹1,629.62 crore as interim dividend for 2018-19 to the Centre. Power Grid Corporation handed over the electronic payment remittance advice for the payment to the Government of India, a company statement said.
Reliance Industries, operator of the world’s largest oil refining complex, Friday said it has never sidestepped US sanctions against Venezuela and has completely stopped supplying fuel to the Latin American nation.
Fitch Ratings Friday said that it has assigned BBB-(EXP), an investment grade rating, to NTPC’s proposed senior unsecured notes.
With softer gas prices propping up CNG and piped cooking gas consumption, city gas distribution (CGD) entities will continue to see robust margins but any adverse change in the policy of gas allocation is a key risk for the industry’s profitability, ratings agency ICRA said.
Last week, the Karnataka High Court quashed an order issued by the Karnataka Electricity Regulatory Commission (KERC) relating to an increase in wheeling charges for open access power consumers in the state.