Experts say that the crisis in the power sector is due to faulty government policy and unfair pricing. The opinion was the upshot of the debate by experts who were speaking at a seminar on ĂâPower Crisis in Andhra Pradesh and ChallengesĂâ, organised by the Neelam Rajashekhara Reddy Research Centre on March 17. They pointed out that it was the State government that had brought about the financial mess by not paying dues of Rs 25,000 crore to the discoms.
Category: Power & New and Renewable Energy
Post
Post
Gujarat to bring in offshore wind power policy
Gujarat government is now focusing on tapping offshore wind power generation potential along its coastline. The State has successfully established a solar power generation park in north Gujarat and a series of wind power plants with private companies. Following a positive study report prepared by UK based Atlantis Resources Corporation, the government is now drafting an offshore wind power generation policy that will be announced soon.
Post
CAG to conduct comprehensive audit
The Comptroller and Auditor General (CAG) will conduct two separate "performance audits" in the oil and gas sector. The first one pertains to the government's role in the supply and pricing of natural gas between 2007-08 to 2011-12, which will cover the pricing of RIL's KG-D6 gas, its allocation to various consumers and supply cuts due t
Post
Ministry aims to add 30 gw renewable energy capacity in 12th Plan
The Ministry of New and Renewable Energy aims to add 30,000 mw capacity during the 12th Plan period (2012-17) from various renewable energy sources. This information was given by Minister for New & Renewable Energy, Farooq Abdullah in Rajya Sabha recently. About 27,000 mw renewable power generation capacity has been installed in the country from various rene
Post
JSPL to raise capacity of Angul plant by 4 mn t
Jindal Steel and Power (JSPL) plans to raise the capacity of its steel plant at Angul in coastal Odisha by 4 million tonne (mn t) in the second phase and is working to secure funding for the project. The company is considering 60:40 debt debt-equity ratio for the 4 mn t expansion. But it is not known how much would be the capital expenditure on the second phas
Post
SAIL posts 5.1% growth in sales
Steel Authority of India (SAIL)witnessed 5.1 percent growth in total sales and 1.8 percent growth in the production of saleable steel during October-December 2012 compared to the year-ago period.
Post
Govt’s Rs 1.9 trillion debt recast scheme fails to enthuse SEBs
Reports indicate that the Rs 1.9 lakh crore debt restructuring package announced by the central government for state electricity boards (SEBs) has not received much response. It is learnt that no major state has yet entered into a memorandum of undertaking (MoU) with the centre for debt recast. states such as Rajasthan are negotiating with ban
Post
Union budget may boost growth in infra sector
Union Budget 2013-14 is expected to boost growth in the infrastructure sector as it has announced several new initiatives. For example, the budget proposed taking up two new cities -" Dholera in Maharashtra and Shendra Bidkin in Gujarat -" under the Delhi Mumbai Industrial Corridor Project. Finance Minister P Chidambaram said the government will provide additional funds for the project in 20
Post
Infrastructure sector is poised to be a key growth driver
Infrastructure projects will account for substantial portion of the proposed investments, making EPC sector one of the biggest beneficiaries of the infrastructure boom in India, says AK Purwaha, Chairman and Managing Director, Engineers India Ltd
Post
Need for innovation
The oil & gas industry's ever-increasing need for innovation will compel companies to invest in technology development, and the pace of innovation will differentiate companies from each other.