The Karnataka government will soon announce its new power policy. According to DK Shivakumar, Minister for Energy, Karnataka, the new policy will give thrust on tapping non-conventional energy. He said that the proposed power policy would be an exhaustive one covering all aspects and harnessing solar and wind power to generate electricity under private-public partnership.
Tag: energy
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Tata Technologies to enter healthcare, energy and telecom sector
Tata Technologies, a Tata group's design and engineering arm is all set to enter sectors such as energy including oil & gas, medical devices and telecom.
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Essar Power to refinance debt via bond issues
In order to refinance past debt, Essar Power issued Rs 1,000 crore worth of rupee denominated bonds. Including this bond issue, the company has so far raised Rs 2,750 crore and it plans to raise another Rs 2,250 crore. With these bond issues, the power generating arm of the London-listed Essar Energy intends to refinance loans wort
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Jindal power to expand
Jindal Power (JPL), the energy wing of Jindal Steel & Power which owns and operates a 1,000 MW (4x250) thermal power station in Tamnar, Chhattisgarh, is taking up an expansion project at an estimated cost of Rs 13,500 crore.
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2013 IHS Day APAC Summit to be held in New Delhi – Connect Decision Making
IHS(NYSE: IHS), the leading source of information, insight and analytics in critical areas that shape today's business landscape, will be hosting the IHS Day APAC Summit in New Delhi on 25th July at Taj Palace Hotel. Under the theme "Connect Decision-Making with the Source of Critical Information and Insight"
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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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OIL plans Rs 120 bn investment in North East till FY17
Sunil Kumar Srivastava, Chairman and MD of Oil India (OIL) informed reporters that the firm earmarked Rs 12,000 crore investment for its projects in North East out of the Rs 19,000 crore capital expenditure planned in the 12th Five-Year Plan. The company planned to invest Rs 19,000 crore on expansion of exploration work and diversification of business during 2012-
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Govt subsidy burden may rise due to gas price hike
Even as the union cabinet decided to double the price of domestically produced natural gas to $8.4 per mmbtu from the present $4.2 mmbtu, experts are debating the pros and cons of such a move. Some experts feel that the the move would raise the subsidy burden of the central government. Some reports indicate that the centre's annual subsidy bill will rise by at leas
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Minister wants to reduce crude oil import
Union Petroleum Minister Veerappa Moily said he wants to reduce the amount of crude oil imported in the country 50 percent by 2020, 75 percent by 2025. By 2030, he wants India to achieve self-sufficiency and energy independence, Moily said while addressing the International Energy Forum conference held recently
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GMR to get Rs1,700 cr
During this financial year, GMR Infrastructure is set to infuse Rs 1,700 crore fresh equity capital in its energy business.