The Tripura unit of Oil and Natural Gas Corporation Limited (ONGC) has intensified exploration to create a recoverable reserve of gas for at least 15 years to continue the supply to the existing Palatana project and to charge gas to 100 MW gas-based thermal power project at Monarchak and urea fertiliser company at Khubal.
Tags » Power And Energy
After three years of hectic negotiations, India and France have agreed on the cost of power that will be generated by Jaitapur Nuclear Power Plant (JNPP), clearing a major hurdle in the path of the project. 42 more words
The Oil Ministry has asked CAG to quantify the loss to the government caused by Reliance Industries’ awarding contracts worth $2.4 billion for developing oil and gas finds in the KG-D6 block on the basis of a single bid.The ministry said any loss to the government will be deducted from the capital cost allowed for developing oil and gas fields in the eastern offshore KG-D6 block.CAG faulted RIL for awarding a $1.1 billion contract to put up a production facility at its MA oilfield in the KG-D6 block to Aker on a single-bid basis.
Abu Dhabi National Energy Company (TAQA) led consortium will acquire Jaiprakash Power Ventures’ two hydroelectric power plants for about Rs 10,000 crore (USD 1.6 billion).TAQA holds 51 per cent stake in the consortium and will have control of operations and management of both the plants under the proposed deal.According to TAQA, the acquisition will make it the largest private operator of hydroelectric plants in India. 26 more words
Utility cabinets line streets and alleys all over the world. They house equipment for traffic lights, power companies, and telecommunication. And despite their plain, boxy appearance, they require a lot of engineering consideration. 288 more words
Welcoming the order of granting nearly Rs 830 crore in compensation by CERC Adani Power is of the view that the move by the sectoral regulator will help sustain operations at Mundra project in Gujarat and revive investor confidence.The order shall mitigate hardships to some extent on account of impact of enactment of Indonesian regulation and shortage of domestic coal supplies from Coal India Ltd.
As per Moody, the subsidy provisions made in the Interim Budget will not meet the amount that the government will have to pay to oil marketers, and the full-year budget will have to set aside Rs 42,200 crore more in the March quarter.The increased budget provision for fuel subsidies is insufficient to fully reimburse oil marketing companies (OMCs) for their losses incurred in selling diesel, kerosene and LPG gas at subsidised rates.