Coal India, the Indian coal behemoth, has ended up selling most of the linkages offered to captive power producers. These linkages are critical as they act like long-term assurance for supplies.
Author: admin (Infratructure Today)
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Waterways infrastructure underutilised, says CAG
According to government watchdog Comptroller and Auditor General of India (CAG), infrastructure created at a cost of Rs 284 crore for three of the National Waterways has remained underutilised.
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Multimodal logistics parks to come up
The Ministry of Road Transport and Highways has set up a Logistics Efficiency Enhancement Programme, under which it is developing multimodal logistics parks across 11 states in the country.
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Railways goes solar, to fit solar panels on coaches
According to officials, the Indian Railways (IR) will provide 20 non-air conditioned coaches fitted with solar panels to Kangra Valley and Kalka-Shimla sections of Himachal Pradesh on a trial basis.
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Russia offers Indian firms stake in Yamal LNG project
Russia has offered Indian oil companies a stake in the second phase of Yamal LNG, the biggest project to produce liquefied natural gas in the Arctic. Petronet LNG, IndiaĆĀ“s biggest natural gas importer, is studying the offer, while other state-owned firms like Indian Oil Corp (IOC) may join in later.
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India to stare at oil deficit in 15 years
India, a net exporter of oil products, may not have any surplus capacity in 15 years going by the current rate of consumption and planned expansion, said the chief of refineries at Indian Oil Corporation, the countryĆĀ“s largest refiner. India has a capacity to refine 230 million tonne (MT) a year.
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HPCL Visakh Refinery processes 9.2 MT crude in FY16
Hindustan Petroleum Corporation LimitedĆĀ“s (HPCL) Visakh Refinery processed 9.2 million tonnes (MT) of crude oil during 2015-16, which was nearly 111 per cent of its installed capacity of 8.3 million metric tonne per annum (MMTPA).
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India-US team finds huge gas hydrate deposits
IndiaĆĀ“s petroleum ministry and the US Geological Survey have discovered large, highly enriched accumulations of natural gas hydrate -an icy form of the fuel - in the Bay of Bengal, opening up a new resource to meet energy needs.
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Petronet LNG plans $3 billion investment in overseas push
Petronet LNG aims to spend up to $3 billion in the next five years to expand overseas, setting up terminals in Sri Lanka and Bangladesh among other countries. Falling spot LNG prices have boosted consumption of the fuel in India and triggered demand for LNG infrastructure in countries long shut out of the gas trade.
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ONGC seeks buyers for deep-water field in KG Basin
Oil and Natural Gas Corporation (ONGC) is seeking buyers for gas from a new deepwater field in the KG Basin, which will be the first to supply under the new policy that allows companies to charge a much higher rate for output from challenging fields.