Sir M Visweswaraiah, considered the architect of Karnataka, famously said: Industrialise or perish. At that time, the state was the first to generate electricity and a first in many other developmental respects.
Tag: electricity
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Scindia seeks gas supply for $21 bn power plants
Union Power Minister Jyotiraditya Scindia has emphasised over an urgent solution on fuel woes to generate an additional 14,000 mw of electricity. Over $21 billion worth of power plants have stalled due to natural gas shortfall, Scindia said. Besides seeking untied gas currently produced or likely to be produced in future by companies like State-owned ONGC and GSPC, Scindia wants fertiliser plants to spare some gas after fulfilling the requirement for producing urea.
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Power producers lobby for diversion of gas
Power developers who run natural gas-based power plants are lobbying for the diversion of gas supply from the fertiliser sector and lowering of the plant capacity for recovery of fixed costs and assured return on equity. Amish Shah of Credit Suisse Research said this in a recent report. Owing to shortage of gas supply, power plants of Lanco, GMR, GVK, Essar, NTPC, RGPPL, Torrent, VBC Group — with a total capacity of 9,861 mw — are funct
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JNPT invites bids for wind energy plant
Agency reports indicate that Jawaharlal Nehru Port Trust (JNPT) invited bids from firms to set up a 7 mw wind power plant at a cost of Rs 48 crore to meet its energy requirement. The proposed plant may help the port save around 30 percent on energy costs, agency reports indicate. In order to reduce its dependence on power from outside sources, the port plans to set up renewable ener
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Govt to promote competition in distribution sector
Reports indicate that the union power ministry is taking steps to promote competition in the electricity distribution sector by moving towards open access. Media reports suggest that the ministry is holding talks with different stakeholders for introducing multiple distribution licensees for a single area by amending the Electricity Act 2003. Such a move would increase the choic
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Govt to release shale gas policy soon
With the government initiating pricing reform in the natural gas sector, it plans to release the shale gas policy shortly and auction blocks for producing the unconventional fuel, media reports indicate. Also, the government will launch tenth bidding round for oil and gas blocks under new policy, media reports suggest. As part of its overall economic reform initiative, the government the government recently raised the price of domestic natural gas to $8.4 per unit from the present price
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Impact of gas price hike on other sectors
According to some estimate, an increase in the price of natural gas by $1 would result in fertiliser plants taking a hit of Rs 3,155 crore per annum for producing 23 million tonne (mn t) of urea in 2013-14 and Rs 4,144 crore a year for 32 mn t from 2017-18. As for the power sector, the the impact of every dollar increase in the price of natural gas would be about Rs 10,040 crore per annum for generating 28,000 mega watts power
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Factory output grows a tepid 2% in April
Factory output as measured by the index of industrial production (IIP) grew at a slower rate of 2 per cent in April on a year-on-year basis compared to the revised growth of 3.4 per cent in March 2013. In April 2012, the IIP declined 1.3 per cent. Among sectors, mining output declined 3 per cent in April, while manufacturing and electricity production grew 2.8 per cent and 0.7 per cent respectively
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Odisha govt to develop critical infrastructure
Odisha Chief Minister Naveen Patnaik informed that the state would focus on developing critical infrastructure mainly electricity, roads and water to ensure faster and balanced socio-economic development. He said this after meeting Planning Commission Deputy Chairman Montek Singh Ahluwalia to finalise the annual plan outlay for the state
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Govt expects 72 gw thermal capacity addition in 12th plan
During the 12th five year plan period (2012-17), the government expects 72,339.6 mw of thermal power projects across the country. Of this, 3,960 mw is proposed in Odisha during the 12th plan period. This information was given by the union government through a press