The World Bank on April 17 asked countries to create a viable energy investment climate. The multilateral lending agency is pitching for a revolution in the global energy policy. This was conveyed by the World Bank president Jim Yong Kim in a video message to the two-day Clean Energy Ministerial meet in Delhi.
Category: Power & New and Renewable Energy
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MP govt asks civic bodies to adhere to timeline
Madhya Pradesh Urban Administration and Development Minister Babulal Gaur asked various municipal corporations in the state to adhere to timeline for completion of JNNRUM projects. Specifically, the minister asked civic bodies of Bhopal, Indore and Jabalpur to complete Rs 2,652 crore JNNRUM works within time-
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Govt allocates Rs 1,521 cr for renewable energy in 2013-14
The Union Minister for New and Renewable Energy Farooq Abdullah has said that a gross budgetary support (GBS) of Rs 1,521 crore has been provided to the Ministry of New and Renewable Energy (MNRE) during 2013-14, in comparison to GBS of Rs 1,385 crore and Revised Estimates of Rs 1,150 crore during 2012-13, for development and promotion of renewable energy activities. He said this in the Rajya Sabha on April 22.
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IWAI to rope in contractor for ferrying coal
According to data available with the Inland Waterways Authority of India (IWAI), about 55 million tone of cargo is being moved annually by Inland Water Transport (IWT), a fuel - efficient and environment -friendly mode.
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RIL, BP chiefs meet PM to discuss investment plans
Reliance Industries (RIL) Chairman Mukesh Ambani and Bob Dudley, head of global energy firm BP met Prime Minister Manmohan Singh and some government officials recently to discuss their investment plans. The two companies, that are jointly operating the KG D6 gas basin in Andhra Pradesh, asked government to clarify regulatory issues plaguing the oil and gas secto
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Govt asks CIL to sign supply pacts with power firms
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.
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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 latterĂâs 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