The Union government has taken initiative to generate power from gas-based power projects. With this, an end to the power woes is expected in the country. The government is expected to take several major administrative decisions this month, which will give a new lease of life to around 26,800 mw of stranded and ready-to-be commissioned gas-based power projects. The Cabinet Committee on Investment (CCI) is expected to give a go-ahead for according priority to gas allocation for the power sector,
Category: Power & New and Renewable Energy
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Big solar projects to cut cost of solar power: Govt
To cut the cost of solar power in the country the Union government is planning to roll out large megawatt size solar power projects. The Union Ministry of New and Renewable Energy (MNRE) is planning to roll out 500 mw and above large size solar power projects, said the Ministry's Joint Secregary Tarun Kapoor.
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Factory output grows a tepid 2% in April
Factory output as measured by the index of industrial production (IIP) grew at a slower rate of 2 per cent in April on a year-on-year basis compared to the revised growth of 3.4 per cent in March 2013. In April 2012, the IIP declined 1.3 per cent. Among sectors, mining output declined 3 per cent in April, while manufacturing and electricity production grew 2.8 per cent and 0.7 per cent respectively
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Panel probes charges against Krishnapatnam port
A Supreme Court-appointed committee is probing the alleged violation of environment permissions and encroachment of assigned land by Krishnapatnam port in Andhra Pradesh. The Central Empowered Committee (CEC) appointed by the apex court visited the port to inquire into the allegations against Nellore district administration and the port
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Banks asked to provide credit to power starved firms
Commercial banks received a direction from the Reserve Bank of India (RBI) to provide credit to companies in Andhra Pradesh which are suffering from paucity of power. Earlier, the Visakhapatnam Chamber of Commerce and Industry discussed the problems being faced by the business in the state owing to non-availability and shortage of power with the Union Ministry of Commerce and I
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Govt targets hospital, hotel sectors to promote solar power
To promote solar energy as an alternative fuel power, the Union Ministry of New and Renewable Energy (MNRE) is now targeting hospitals and hospitality sectors in Tamil Nadu. To demonstrate this, the Government of India partnered with the United Nation Development Program (UNDP) and Global Environment Fund (GEF) to conduct programmes based on solar power for market development.
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India can follow Japan’s solar policy to cut outages
India suffers from a peak power shortage of between eight to nine per cent, which results in several hours of power cuts per day. Countries like India can follow what Japan has done. It recently introduced Feed-in-Tariff policy, making the country one of the world's fastest-growing users of solar energy.
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OVL JV to acquire 10% stake in Mozambique field
A joint venture company of ONGC Videsh (OVL) and Oil India (OIL) decided to acquire 10 percent stake of Videocon Mauritius Energy in Videocon Mozambique Rovuma 1 gas field for $2.475 billion. In the newly incorporated joint venture company, OVL holds 60 percent stake, while OIL has the remaining 40 percent
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Odisha govt to develop critical infrastructure
Odisha Chief Minister Naveen Patnaik informed that the state would focus on developing critical infrastructure mainly electricity, roads and water to ensure faster and balanced socio-economic development. He said this after meeting Planning Commission Deputy Chairman Montek Singh Ahluwalia to finalise the annual plan outlay for the state
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Govt to develop 16 coal-based ultra mega power projects
The Union government has launched an initiative for the development of coal-based Ultra Mega Power Projects (UMPPs) each with a capacity of 4,000 mw. Sixteen UMPPs have been identified in various parts of the country. Out of these, two UMPPs are identified for being located in Tamil Nadu.