Essar Energy, the India-focused integrated energy company, announced the appointment of Deepak Maheshwari as Chief Financial Officer. P Sampath, the current Chief Financial Officer, moves to a new role as the President of Business Optimisation and Improvement for Essar Energy
Category: Power & New and Renewable Energy
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Steering growth
As the MD and CEO of Azure Capital Advisors, Shailesh Ghorpade is responsible for laying down the vision of the company, managing the overall brand and steering the company towards achieving goals while ensuring highest standards in corporate governance.
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The undisputed leader
PP Gupta, the present promoter of Techno Electric & Engineering Company (TEECL), is an Honours Graduate in Industrial Engineering with Post-Graduation in Management from Indian Institute of Management, Ahmedabad.
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Solar projects held up due to absence of clear policy
The Federation of Andhra Pradesh Chamber of Commerce and Industries on March 26 stated that about 750 mw solar power projects are stranded for want of clarity in policy issues and clearances in Andhra Pradesh.
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Oil ministry takes efforts to ensure CAG’s audit
Union Petroleum Secretary Vivek Rae said his ministry was making all efforts to see that the Comptroller and Auditor General (CAG) is able to audit Reliance Industries' (RIL) spending on KG-D6 block. He said there have been some differences between CAG and RIL on the scope of audit but they are being resolved. He expressed hope that CAG would be able to resume audit by either month or early next
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Meghalaya to have hi-tech renewable energy policy: CM
The Meghalaya government is contemplating a hi-tech, environment-friendly approach to counter power deficiency in the state besides contributing to the environment through its Meghalaya Renewable Energy Policy, which is on the offing, the State Chief Minister Mukul Sangma said. He also holds the power portfolio.
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Power industry demands gas price pooling
Industry players in the power sector demanded the union oil ministry to form a common natural gas price pool for core sectors such as power and fertilisers. They also asked the ministry to raise the domestic supply of natural gas for power plants by diverting 6 million standard cubic metre per day (mscmd) of gas being supplied to the non-core sector and reserving the new
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SunCoke Energy invests Rs 3.68 bn in Indian JV
US listed SunCoke Energy invested around Rs 368 crore to acquire 49 percent stake in the joint venture, VISA SunCoke, while the Indian partner Visa Steel would hold 51 percent stake. In its board meeting the Kolkata-based steel company Visa Steel formally announced the joint venture, which
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JSPL to invest in NewCo
According to an agreement with the Australian firm Apollo Minerals, Jindal Steel and Power (JSPL) would invest A$10 million in NewCo, which is a new company to be formed from the demerger of Apollo's business. Apollo Minerals is a diverse iron ore, base and precious metals exploration company. As part of the demerger, all iron ore assets will be transferred to New
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Rs 87,176 cr needed for adding 10,897 mw hydro power
The Minister of State for Power Jyotiraditya M Scindia said in Rajya Sabha on March 19 that the generation target from various conventional hydro sources for the first year i.e. 2012-13 of the 12th Plan period has been fixed as 122.045 billion unit (bu). Hydro generation of 104.937 bu has been achieved against the target of 114.048 bu upto February, 2013.