Union minister of state (independent charge) for energy, new and renewable energy Piyush Goyal said that achieving the lowest tariff of Rs 2.97 for the world’s biggest 750 MW solar project
Piyush Goyal launches TAMRA Portal and Mobile Applicationto ensure transparent award of Statutory Clearances for Mining Operations
Power Finance Corporation (PFC) has reported an over 23% surge in standalone net profit to Rs 1,949.91 crore for the third quarter ended December 31. The company had posted a net profit of Rs 1,582.32 crore for the corresponding quarter of last fiscal, PFC said in a BSE filing today.
The company's net profit for the first nine months of the current fiscal saw a 133% increase over the corresponding period last year, with the PAT increasing to Rs 3,243 crore from Rs.1,394 crore.
State-owned gas utility GAIL India Ltd today reported 46 per cent rise in its third quarter net profit on back of turnaround in petrochemical business.
The savings in electricity bills resulting from the Solar Project are expected to be more than approximately Rs 80 lakh per year. The Project is being implemented in President’s Estate in collaboration with Rural Electrification Corporation (REC).
Spending Rs 20 crore a year on electricity bills, Rashtrapati Bhavan which is not just the residence and office of the President of India but the President’s Estate is a small township, will soon able to cut its electricity bill by Rs 80 lakh after it switches to solar power.
With sales of LED bulbs exceeding 6 lakh a day, India can proudly claim achieving a substantial benchmark of distributing over 20 crore LED bulbs under its flagship UJALA scheme and more than 10 crore by the industry outside the UJALA scheme. Alongside, close to 16.5 Lakh Street bulbs have been replaced with LED Lights throughout the country under Street Lighting National Programme (SLNP).
Over 30 crore energy efficient LED bulbs have already been distributed so far which includes 20 crore LED bulbs by the EESL under the government’s UJALA scheme and more than 10 crores by the private domestic LED companies.
Union minister of state for power, renewable energy, coal and mines, Piyush Goyal said on Monday that India was fast emerging as the LED capital of the world.
Confident that India will achieve 100% rural electrification by 2018, Finance Minister Arun Jaitely has proposed Rs 4,814 crore as part of budget allocation for government’s rural electrification program -under Deen Daya Upadhyayal Gram Jyoti Yojana meant for facilitating power to all rural homes.
Union finance minister Arun Jaitley while presented his budget proposals for 2017-18 on Wednesday made the following key points related to the Airport and Transportation Sector.
The two new strategic oil facilities announced at Odisha and Rajasthan are in addition to the three facilities that already exist in the country as underground storages in rock caverns at Visakhapatnam (1.33 million tonnes), Mangalore (1.5 MT) and Padur (2.5 MT).
Union petroleum minister Dharmendra Pradhan said the move to create two new strategic oil storage will enhance India’s energy security “taking our strategic reserve capacity to 15.33 MMT.” This, he said, will increase India’s oil storage capacity to meet the consumption requirement of about 90 days which is at par with the international benchmarks.