Government attempts to bridge the ever-increasing demand-supply gap of petroleum products by encouraging exploration of alternative sources of energy such as coal-bed methane, shale gas, gas hydrates, ethanol and biodiesel. This information was given by the Union Minister of State for Petroleum and Natural Gas Panabaka Lakshmi during the
Category: Power & New and Renewable Energy
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Marsh to offer services to Indian energy firms
In a move that may contribute to the growth of the energy sector in the country, Marsh decided to offer insurance broking and risk management services to firms in the sector. The company, which is the Indian subsidiary of Marsh & McLennan Companies, announced the launch of 12th global energy hub in Mumbai. The
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Sales of RINL rises 5% in Nov
According to a company statement, sales of Rashtriya Ispat Nigam (RINL) grew 5 per cent to Rs 1,085 crore in November from Rs 1,028 crore in the year-ago month. During the month, sales of iron and steel registered a growth of six per cent, while pig iron sales expanded 48 per cent.According to the statement, the company is increasing its prese
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Rs 497 bn for rural electrifi cation
Union Power Secretary P Uma Shankar informed that the Centre sanctioned budgetary support of around Rs 49,730 crore for the power ministryĂâs fl agship rural electrifi cation pro gramme called Rajiv Gandhi Grameen Vidyutikaran Yojana during the 12th Plan. The ministry also harnessed Information Technology for ensuring quality power supply to different parts of the country, he said.
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CIL Price Pooling
Following the rejection of the model proposed by Central Electricity Authority (CEA) for price pooling of imported coal, Coal India (CIL) is in the process of preparing a new model. Reports suggest that the company would fine tune the model proposed by CEA to include all possible scenarios.
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Ramky's JV for waste to energy projects
Ramky Enviro Engineers along with Chinese company Chongqing Sanfeng Environmental Industry Group plans to address the waste to energy project market in India through a joint venture (JV). This venture is aimed at expanding the scope of the work to be handled together, according to M Gautham Reddy, Director, Ramky Group. A memorandum of understa nding (MoU) was signed with the Chinese company and the efforts will be to make use of each others expertise in waste to energy projects. The JV will be
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Bank's Cautious OnWind Energy Projects
According to senior executives in financial institutions and private equity funds, financial viability of distribution licensees, evacuation infrastructure gaps and project approvals are the constraints to utility-scale wind energy projects. The project viability is primarily dependent on their ability to sell power.
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Gujarat Solar Park bags award
WĂ€rtsilĂ€ India conferred the 10th WĂ€rtsilĂ€-Mantosh Sondhi Award on Gujarat Power CorpoĂÂration (Gujarat Solar Park)
for their significant contribution to the Indian energy sector. DJ Pandian, Principal Secretary, Energy & Petrochemicals, Govt of Gujarat, accepted the award from Björn Rosengren, President and CEO, WÀrtsilÀ Corporation.
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A powerful visionary
Anil Sardana is the Managing Director of Tata Power since February 2011. Beginning August 2007 till January 31, 2011, he was the Managing Director of Tata Teleservices (TTSL) and Tata Teleservices (Maharashtra). Prior to August 2007, he worked in Tata Power for more than five years.
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Integral leadership
Sumant Sinha is the Chairman and CEO of ReNew Power. He brings his vast experience in the Indian renewable eneĂÂrgy space, international finance, comĂÂbined with unique operating experience to the firm. Prior to setting up ReNew Power, Sumant was the Chief Operating Officer (COO) of Suzlon Energy. Sumant was responsible for refinancing SuzlonĂâs entire outstanding debt worth $3 billion, raised an additional $800 million and restructured $500 million worth of foreign convertible bonds in an extremel