After decontrol of petrol and diesel, the government has chalked out a plan to usher in market-determined pricing for kerosene over the next two to three years. The stage is being readied for deregulating the poor man´s fuel as the government targets 24-hour electricity supply to all rural households under the Rs 44,000 crore Deendayal Upadhyaya Gram Jyoti Yojana by the end of 2017.
Category: Power & New and Renewable Energy
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PM launches Deendayal Upadhyaya Gram Jyoti Yojana
Prime Minister has launched the Pandit Deen Dayal Upadhayay Rashtriya Gramin Joyti Yojna in Bihar, aimed at power sector reforms in the rural areas. He also inaugurated the Daniyawan-Biharsharief new rail line and construction work of phase-1 of Jagdishpur-Haldia Natural Gas Pipeline.
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State has failed in power generation: Karandlaje
MP Shobha Karandlaje has accused the Karnataka state government of failure to increase power production and ensure its proper distribution.´Even though parts of the state face drought, farmers have to bear the burden of power shortage as well. The problem could be solved only if the state became self-reliant in power production.
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PGCIL Q1 net profit rises 20% at Rs.1,367 cr
Transmission utility Power Grid Corporation of India posted a net profit of Rs 1,367 crore for the first quarter this financial year, an increase of 20 per cent compared with Rs 1,137 crore reported in the year-ago period.
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ABB Q1 net up 19% to Rs.57 cr
ABB India Ltd has posted a rise in net profit by 18.75 per cent to Rs 57.45 crore for its second quarter ending June. The Indian unit of the Swedish power equipment firm said revenue grew 6 per cent during the quarter to Rs 1,932.64 crore.
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Sunshine in the Solar Sector
Paradoxically though, in a country with the fourth largest coal reserves, per capita electricity consumption is abysmally low and a significant number of Indians either have little or no access to electricity, while others face challenges in accessing uninterrupted and reliable electricity supply.
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IFC provides long-term tenors to match asset life and supports projects in new markets
IFC has been one of the earliest investors in renewable energy in India and leads in promoting the renewable energy generation agenda by investing in private sector developers and helping them leverage opportunities in solar, wind and other forms of renewable energy.
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Cairn Energy to seek damages from government for tax notice
Strongly contesting a Rs 10,247 crore tax demand raised on its eight-year old internal business recognition, British oil explorer Cairn Energy has said it will seek damages from the government for the loss in value of its holdings suffered because of the notice.
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ReNew Power in talks with PE firm to raise $200 million
ReNew Power Ventures Pvt. Ltd, in which Goldman Sachs Group Inc. has a majority stake, is in advanced talks with Switzerland-based private equity (PE) firm Partners Group AG to raise $150-200 million to generate 400 MW of solar power.
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Wind turbines to dot Vijayapura district
Vijayapura district, with its vast open and elevated areas, has gradually begun large-scale wind energy projects to tap into the readily available natural resource to meet its power requirements.