A record capacity of over 75 GW was added over the last three years leading to over-capacity in thermal power. Industry doesn't see new thermal capacity being planned for some time, however, the existing capacity close to commissioning, or under construction will come to grid.
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Reforming India’s Oil & Gas Sector
Avery colourful legend has it that during the construction of the railway line from Dibrugarh to Margherita by Assam Railways & Trading Co (AR&TC) in 1867, a herd of logging elephants returned to the camp with their feet covered in crude oil. Even as this led the AR&TC personnel to look for seepages, the site engineer, WL Lake, reportedly cried out in excitement to his workers, 'Dig boy, dig!' on coming to learn about it.
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Petroleum sector attracts FDI worth $1.18 billion in last two fiscals
The oil & gas sector has attracted foreign direct investments worth $ 1.18 billion in the past two financial years between April 2014 and March 2016, the government said in its ´achievement report´ for the petroleum sector.