NTPC and Coal India are trying to resolve the Rs 2,500 crore payment impasse over fuel supply. It is expected that some amount of outstanding dues may have to be carried forward in the fiscal year beginning April. By end-February, NTPC owed Rs 2,500 crore with CIL, according to sources.
Category: Power & New and Renewable Energy
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Fuel supply dues of NTPC
NTPC and Coal India are trying to resolve the Rs 2,500 crore payment impasse over fuel supply. It is expected that some amount of outstanding dues may have to be carried forward in the fiscal year beginning April. By end-February, NTPC owed Rs 2,500 crore with CIL, according to sources.
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RIL gets two blocks in Myanmar
The Ministry of Energy (MOE) of the Republic of the Myanmar selected Reliance Industries (RIL) for two offshore blocks (M17 and M18) in Myanmar Offshore Block Bidding Round 2013. Both the blocks are located offshore in the Moattama basin of Myanmar in water depths up to 3,000 ft and together encompass an area of 27,600 sq km.
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RIL gets two blocks in Myanmar
The Ministry of Energy (MOE) of the Republic of the Myanmar selected Reliance Industries (RIL) for two offshore blocks (M17 and M18) in Myanmar Offshore Block Bidding Round 2013. Both the blocks are located offshore in the Moattama basin of Myanmar in water depths up to 3,000 ft and together encompass an area of 27,600 sq km.
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GAIL strikes MoU with Chubu Electric
GAIL has signed a Memorandum of Understanding (MoU) with Chubu Electric Power Co Japan for exploring the possibilities of collaboration in joint LNG procurement. Chubu and GAIL are large LNG importers having considerable synergy between their LNG business profiles.
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NTPC to import 15 mt of coal in FY15
NTPC has set a target of importing as much as 15 million tonne of coal in the next financial year (2014-15). The target may be lowered if Coal India increases its production. NTPC currently has an installed capacity of 42,964 MW, of which more than 37,000 MW is coal based.
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Suzlon Energy to raise Rs 1,500 crore
Pune-based Suzlon Energy is planning to raise about Rs 1,500 crore through selling its assets. Two of the fifteen assets, which the company plans to sell, are in abroad. These assets have components manufacturing facility and old plants. Suzlon wants to sell some of its assets in Gujarat, Maharashtra, Tamil Nadu and Pondicherry. According to the company, the process of selling assets would at least take 12 to 18 months.
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Japan ODA for five projects
Japan has announced a Rs 15,000-crore official development assistance (ODA) loan for five projects in India including expansion of Delhi Metro and works related to wind and solar energy. The loan agreement will include three energy sector projects - new and renewable energy, micro, small and medium enterprises energy saving, and Haryana Distribution System Upgradation.
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Conventional producers to invest in RE
The Central government may soon require conventional power project developers to install renewable energy projects within the premises of the fossil fuels based power plants. If the power ministry goes ahead with such a plan, the power project developers may have to set up renewable energy capacity equivalent to around 10 per cent of the conventional power capacity within the premises of the power plant.
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Surat moving towards a solar city
Surat city will start producing nearly 3.35 lakh units of solar power per annum from April. Solar roof top panels with a capacity of generating 1,250 kW are functional at 15 places.