Given its own economic conditions and plans for upcoming Saudi Aramco’s IPO next year Saudi Arabia cannot escape its role as swing producer, even though unwittingly.
The resilient U.S. shale output and sluggish demand from American drivers have kept U.S. stockpiles at historically high levels making efforts of OPEC and non-OPEC to cut oil production a futile exercise. These developments has forced experts to rethink about Saudi Arabia’s role as a ‘Swing Producer’ in rebalancing the oil markets. This article therefore explore the current oil market scenario alongside evaluating if actually Saudi Arabia has abandoned its role as a Swing Producer.
The transmission project will increase power supply by 2,000-3,000 MW to the energy starved region and strengthen the transmission network. The financial closure was achieved by YES BANK by underwriting Project Finance Facility of Rs 800 Crores for a period of 15 years for the project.
Sterlite Power Transmission Limited (Sterlite Power) has achieved financial closure for its transmission Project that will increase electricity supply to residential, commercial and industrial establishments in parts of Haryana
NVVN is the only government company in the power sector engaged in the business of power trading. The power will be supplied through the Muzaffarpur-Dhalkebar transmission line.
India’s largest power generating company, NTPC Lt’d wholly owned arm—NTPC Vidyut Vyapar Nigam Limited (NVVN) has signed Power Purchase Agreement(PPA) with Nepal Electricity Authority (NEA) for supply of up to 160 MW power for the period January 2017 to May 2017.
A diesel-electric multiple unit (DEMU) train between Peddapalli and Morthad is all set to chug on from December 29, indicating that long-awaited Peddapalli-Karimnagar-Nizamabad railway line is expected to be thrown open for commuter and goods trains in the near future.