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
Category: Power & New and Renewable Energy
Post
Post
‘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 ĂâGrid Integration of Renewable Energy Sources and Energy Efficiency' in Delhi.
Post
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
Post
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.
Post
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.
Post
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.
Post
Haryana govt may explore legal option against CEA order
The order of the Central Electricity Regulatory Commission (CERC) allowing Adani Power to charge "compensatory" tariffs for electricity from its Mundra plant has not gone down well with Haryana government. The state government plans to take legal action against the CERC order as it feels that the order violates the p
Post
Tamil Nadu needs 2 LNG import terminals
The Tamil Nadu government estimated that it needs two liquefied natural gas (LNG) import terminals of 5 million tonne each, including the proposed Ennore LNG terminal to meet gas demand. The state government plans to use LNG in order to reduce its dependence on coal-based power projects and help address its energy security.
Post
VSP produces 3.81 mn t of hot metal
Visakhapatnam Steel Plant (VSP) produced 3.81 million tonne (mn t) of hot metal and 3.4 mn t of iron & steel in 2012-13. It is learnt that the company achieved a cumulative sales of Rs 13,650 crore in 2012-13 and its sales was the highest in the month of March 2013 at Rs 2,136 crore. Exports at Rs 601 crore registered a growth of 45 p
Post
Clarity lacking policy strands solar projects in AP
The Federation of Andhra Pradesh Chamber of Commerce and Industries has said that about 750 mw of solar power projects are stranded for want of clarity in policy issues and clearances in Andhra Pradesh. The Andhra Pradesh Government announced its Solar Power Policy in September 2012 seeking to encourage solar power projects.