The Union Coal Ministry has asked Coal India (CIL) to sign fuel supply pacts with the power generation companies, including NTPC, before finalising power purchase agreements with them. The Coal Ministry has directed CIL to sign Fuel Supply Agreement (FSA) with power companies, including NTPC, without waiting for PPAs (power purchase agreements), sources said.
Category: Power & New and Renewable Energy
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Delhi govt to merge its power generation firms
Delhi government has decided to merge two of its power generation companies into a single unit to streamline operations. Delhi Chief Minister Sheila Dikshit said that to ensure better functioning of the generating unit, the Cabinet has decided to merge the Pragati Power Corporation (PPCL) into the Indraprastha Power Generation Company (IPGCL), thereby retaining the latterĆās name.
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RINL chief calls for reducing cost of operation
There is a need to improve the operation process in steel companies in order to reduce cost of production, AP Choudhary, Chairman and Managing Director of Rashtriya Ispat Nigam (RINL) said in an event. He said the cost of production could be largely reduced through improvement in techno-economic parameters, such as specific energy consumption, raw mat
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Factory output rises a tepid 0.6%
Factory output as measured by the Index of Industrial Production (IIP) grew a marginal 0.6 percent in February 2013 from the year-ago month. The cumulative growth for the period April-February 2012-13 over the corresponding period of the previous year stands at 0.9 percent
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SAIL, KIOCL to set up coke oven plant, power unit
Reports indicate that state-run miners KIOCL and Steel Authority of India (SAIL) would jointly set up a coke oven plant, which converts coking coal into coke for use in the steel mills, at Mangalore. Both the companies are expected to begin ground work for the project in the next few months after signing an equal joint venture agreement
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Weak demand hits pricing power of steel firms
Pricing power of steel companies is constrained because of weak demand for the metal, Nomura India said in its latest research report. Against an expected demand growth of 4.5-5.0 percent, consumption of steel grew a mere 3.3 percent year-on-year (y-o-y) to 73.3 million tonne (mn t) in 2012
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‘Renewable energy supply needs a favourable policy’
Union Minister for New & Renewable Energy Farooq Abdullah said that increasing renewable energy supply requires a favourable policy environment which can encourage private investment. He was inaugurating the National Workshop on ĆāGrid Integration of Renewable Energy Sources and Energy Efficiency' in Delhi.
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Proposed shift in contractual regime may raise period of cost recovery
Association of Oil & Gas Operators (AOGO) was formed on August 1, 2006 on the initiative of Sastry Karra to network, exchange information on operating issues in upstream segment
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Solar power equipment firms must focus on quality
Mercom Capital Group is a clean energy communications and consulting firm with offices in the United States and India. Mercom consults its clients on market entry, strategy, policy, due-diligence and joint ventures.
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Govt takes initiative for better functioning of power grids
For proper functioning of electricity grids in the country, the Union government is planning to give more powers to State electricity regulatory commissions and load dispatch centres. To facilitate this, the Centre plans to amend the laws concerned. A panel headed by Chairman of the Central Electricity Authority (CEA) - the apex planning body for the power sector - is expected to soon submit its report to the Power Ministry in this regard.