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
Tag: Power
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Govt to decide on diverting gas to power sector
Government would decide on whether to increase the supply of natural gas to power sector by diverting a part of the existing supply to fertiliser sector. Fertiliser plants in India get 43.6 mscmd of natural gas at present. Of this, 19.5 per cent (8.5 mscmd) comes from imported liquefied natural gas (LNG). Some reports indicate that the fertiliser plants may have to import 45-50 per cent of their total gas
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Minister seeks special dispensation for gas to power plants
Central government must give special dispensation for allocation of natural gas to power and fertiliser sectors, union Minister of State for Power Jyotiraditya Scindia informed reporters at Toronto. Scindia asserted that in terms of pricing, either in the form of subsidies or differential pricing, government must give special dispensation for supply of gas to these two sectors, the minister said
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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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India adds 3,000 mw renewables every year: Govt
Turkish Energy Minister Taner Yildiz stated on June 26 that the power of the energy council in India is three times bigger than TurkeyÂ’s. Taner Yildiz said that India had achieved important advances in renewable energy, during a meeting with Indian Minister of New and Renewable Energy Farooq Abdullah in TurkeyÂ’s capital Ankara.
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Govt idenfies 8 lignite blocks for auction via competitive bidding
Under Competitive Bidding of Coal Mine Rules, 2012, the central government would auction eight lignite blocks, five of them in Gujarat and three in Rajasthan. However, the government has not announced when these blocks would be put on auction. The estimated reserves in these blocks are not known immediately as they are not completely explored. On June
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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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Govt may not wait for Parliament nod for bill
The government has decided not to wait for the passage of the Coal Regulatory Bill in Parliament during the Monsoon session and instead go ahead with notifying setting up of the Coal Regulatory Authority (CRA) through an executive order, reports indicate. Some reports suggest that the government may resort to the executive order route to adopt the coal regulatory bill, thereby superseding the time-consuming Parl
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GMR Infra mulls IPO for energy division
In order to raise equity capital for its ongoing projects, The energy division of GMR Infrastructure may be listed in the stock exchange, reports indicate. GMR Energy, which operates power plants with a total capacity of 1,487 mw, is working on over 3,000 mw of power projects. The company plans to raise around Rs 1,500 crore by offering 10 percent stake through fresh equity issuance