The Prime Minister Manmohan Singh headed Cabinet Committee on Investments is expected to speed up Rs 49,000 crore worth power plants of companies like Reliance Power and Essar Power, which have been stuck for want of environment and forest clearances at various levels. The panel will consider diversion of forest land for a coal block attached to Rs 20,852 crore Sasan ultra mega power project.
Category: Power & New and Renewable Energy
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Power sector to get additional gas till 2015-16
The Union Power Minister Jyotiraditya Scindia stated that from 2013-14 until 2015-16, all additional gas would be given to the power sector. The gas offered to fertiliser needs to be supplied, beyond that any additional gas would be given to power sector, Scindia said. An empowered group of ministers (EGoM) headed by Defence Minister AK Antony decided this on August 24.
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Uttarakhand govt to bring in new power policy
Uttarakhand government would shortly formulate special policies for the development of new hydel projects and other reconstruction works in view of the June 16-17 floods. For this purpose, the government would set up a core group to formulate the new policy involving top environmentalists like Anil Joshi, the head of HESCO and The Energy and Resources Institute Director-General RK Pachauri, said the State Chief Minister Vijay Bahuguna.
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Lack of gas supply renders power plants idle
Power Minister Jyotiraditya Scindia said 12 power projects, with a total generation capacity of 2,978.62 mw, are lying idle because they don't receive natural gas from Reliance Industries' KG-D6. During first and second quarter of 2013 (till August 19, 2013), these projects, which are solely dependent on gas supply from KG-D6, did not
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Scindia seeks gas supply to power generation at lower rate
The Ministry of Power has submitted its views on the recently approved price formula for domestic gas, saying that a base price beyond 5$/mmbtu will be unviable for the power sector in the present context, said Minister of State for Power Jyotiraditya M. Scindia in a written reply in the Lok Sabha recently.
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Power plants may get gas from new fields of ONGC, GSPC
By 2016, natural gas-based power plants may get about 6-10 million standard cubic feet per day (mscmd) of gas from the new fields of ONGC (Oil and Natural Gas Corp) and GSPC (Gujarat State Petroleum Corp). Supply of gas from these new fields may compensate partially the shortage of gas owing to reduction in output from Reliance Industries (RIL)Â’s KG-D6
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Profits of major ports decline, Govt to cut manpower
Taking note of reduction in the profits of its 12 major ports in the country, the government of India has taken several steps to reduce costs. As a cost cutting measure, the Centre wants to reduce surplus manpower through the Voluntary Retirement Scheme (VRS). The Union Shipping Minister GK Vasan said this in the Lok Sabha recently. Profit of major ports declined by about 30 per cent to Rs 1,220.61 crore in 2012-13 over the previous fiscal, Vasan said in a written reply to the Lok Sabha.
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NTPC Darlipali project in Odisha is acquiring land: Govt
The Union Minister of State for Power Jyotiraditya M Scindia told the the Rajya Sabha recently that the upcoming Darlipali Project (2x800 mw) in Odisha is in the process of land acquisition by the State government. The process of environment and forest clearance of the project as well as its linked Dulanga coal mine from Ministry of Environment of Forests (MoEF) is also in progress.
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Govt divests stake in NTPC
Government of India has divested 9.5 per cent stake of National Thermal Power Corporation (NTPC) through Offer for Sale (OFS) mechanism. After the completion of OFS on February 11, governmentÂ’s equity holding in NTPC has now come down from 84.50 per cent to 75.00 per cent, said the Union Minister of State for Power Jyotiraditya M. Scindia in a written reply in the Rajya Sabha recently.
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Govt to set up NOWA to boost offshore wind energy projects
Secretary of the Union Ministry of New and Renewable Energy Ratan P Watal has said that a National Offshore Wind Energy Authority (NOWA), under the aegis of the Ministry, will be constituted that will act as the nodal agency for offshore wind energy projects in the country.