The Union Coal Ministry on July 3 gave a commitment for fuel supply agreements (FSAs) to eleven power projects with an investment of Rs 52,349 crore. With this, the government has broken the four year jinx in signing FSAs in the country. These have been waiting for fuel supply agreements since 2009.
Category: Power & New and Renewable Energy
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Govt to promote competition in distribution sector
Reports indicate that the union power ministry is taking steps to promote competition in the electricity distribution sector by moving towards open access. Media reports suggest that the ministry is holding talks with different stakeholders for introducing multiple distribution licensees for a single area by amending the Electricity Act 2003. Such a move would increase the choic
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OIL plans Rs 120 bn investment in North East till FY17
Sunil Kumar Srivastava, Chairman and MD of Oil India (OIL) informed reporters that the firm earmarked Rs 12,000 crore investment for its projects in North East out of the Rs 19,000 crore capital expenditure planned in the 12th Five-Year Plan. The company planned to invest Rs 19,000 crore on expansion of exploration work and diversification of business during 2012-
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India adds 3,000 mw renewables every year: Govt
Turkish Energy Minister Taner Yildiz stated on June 26 that the power of the energy council in India is three times bigger than TurkeyÂ’s. Taner Yildiz said that India had achieved important advances in renewable energy, during a meeting with Indian Minister of New and Renewable Energy Farooq Abdullah in TurkeyÂ’s capital Ankara.
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UP govt gives nod to JV for solar power project
To tap the state's solar energy potential, the Uttar Pradesh government is to establish a joint venture company of the Uttar Pradesh New and Renewable Energy Development Agency and National Hydroelectric Power Corporation. According to the official statement released by the State government, it has also been decided that a memorandum of understanding would be signed between the two agencies.
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Govt fast-tracks 23 mega power projects
Media reports say that the Union government has put 23 big-ticket power projects, which were stalled for want of fuel supply linkages and environmental clearances on fast track. These projects are estimated to generate 23,000 mw of power capacity across the country. In addition, over 1,600 km of power transmission lines in central India have also been taken up on a priority basis as part of the first set of private projects being pushed through by a special cell in the cabinet secretariat, which
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A strategic implementer
A qualified Electrical Engineer, Shouvik Bhattacharya has a diverse set of business experiences spanning over 28 years, across verticals in the power transmission and distribution (T&D) industry. He is highly reckoned for his proficiency in sales and marketing,
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Piloting towards goal
Devansh Jain is the Director of INOX Wind. In his current role, Devansh is responsible for piloting the company towards its goal of becoming the best fully integrated wind energy player in India. He strongly follows his group philosophy of conservative aggression.
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A visionary leader
Vineet Mittal, Co-Founder & Managing Director Welspun Energy, is known for his visionary leadership and execution abilities. His strengths lie in envisioning and implementing large sized complex projects and building up global organisations.
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OVL JV to acquire 10 per cent stake in Mozambique field
A joint venture (JV) company of ONGC Videsh (OVL) and Oil India (OIL) decided to acquire 10 per cent stake of Videocon Mauritius Energy in Videocon Mozambique Rovuma 1 gas field for $2.475 billion.