According to source-based information, union power ministry opined that base price of domestic natural gas beyond $5 per mmBtu is unviable for power sector. The ministry is learnt to have said this in a note to the
Cabinet Committee on Economic Affairs (CCEA), which would decide on whether to raise the price of domestically produced gas in line with the reco
Tag: Power
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Power ministry expresses views on gas price hike
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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
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SJVN plans power projects worth Rs 9.8 bn in FY14
RP Singh, Chairman of SJVN informed that the firm may invest about Rs 986 crore on several projects, including wind and thermal during 2013-14 compared to Rs 796 crore invested in the previous fiscal. Singh informed this during a conference call with analysts. Most of the Rs 796 crore spent last year went to its 412 mw Rampur hydro electric project in Himachal Prad
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NSL raises $5 mn from IFC
To support the development of wind and hydro power NSL Renewable Power (NRPPL), part of the Hyderabad-based NSL Group, has raised $5 million from International Finance Corporation (IFC) through compulsorily convertible debentures (CCDs)
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Mcnally Bharat wins contract
McNally Bharat Engineering secured a Rs 277 crore contract for construction of portion of four laning of national highway. The project is to be completed within 22 months.
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A veteran in power sector
Siddharth Mehta, CEO of DPSC-IPCL, is associated with the company since May 2013. Being at the helm of activities, he is responsible for the entire Transmission & Distribution business of the group along with its wind power vertical.
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NTPC added 4 gw capacity in FY13
State-run power producer NTPC added 4,170 mw of generation capacity during 2012-13 surpassing its earlier best capacity addition of 2,820 mw in 2011-12. The company currently has an installed capacity of 41,184 mw through 16 coal based, two solar renewable, seven gas or liquid fuel and seven Joint Venture power stations
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Ministry may not agree to reduce import duty on coal
It seems the power ministry may not succeed in convincing the finance ministry to reduce import duty on all forms of coal used in power plants to mitigate the impact of rising cost of imported coal on power sector. Increase in the cost of imported coal has threatened the viability of several power generation projects in the
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TN govt’s solar project yet to take off as clarity eludes
Lack of clarity on the implementation of incentives provided by the Tamil Nadu government affected the installation of rooftop solar power systems in households and industrial and commercial buildings. While the solar policy mandates industries and commercial entities to procure 6 percent of their power from solar sources, there has been no official com
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Ministry circulates note seeking hike in gas price
Union Petroleum ministry has circulated a note to the Cabinet Committee on Economic Affairs (CCEA) seeking hike in the price of natural gas produced by both private and state-run companies. The ministry's proposal, if accepted by the CCEA, may benefit firms like ONGC, OIL, Reliance Industries (RIL), Cairn India who are selling the fuel at a pre-determined price