Press Trust of India | Last Updated: May 05, 2016 20:07 (IST)
Government's decision to relax norms for utilisation of domestic coal by state and Centre-owned generation utilities is positive for discoms as it would help lower transportation and power purchase costs, ratings agency Icra said.
Thomson Reuters | Last Updated: May 04, 2016 19:04 (IST)
Indian billionaire Sajjan Jindal's JSW Energy Ltd has all but agreed to buy a 1,000 megawatt power plant from his brother's heavily indebted Jindal Steel and Power Ltd in a deal valued at over $900 million, two sources told Reuters.
Press Trust of India | Last Updated: May 04, 2016 18:23 (IST)
State-run NTPC has threatened to snap power supply to Reliance Infra-backed discoms in Delhi -- BRPL and BYPL -- if they fail to pay around Rs 1,300 crore dues by midnight on May 9.
Press Trust of India | Last Updated: May 04, 2016 14:28 (IST)
Government has saved over Rs 21,000 crore in cooking gas LPG subisdy in the last two financial years as paying the dole directly into bank accounts of actual users helped eliminate duplicate connections as well as diversions, Oil Minister Dharmendra Pradhan said on Wednesday.
Press Trust of India | Last Updated: May 03, 2016 17:13 (IST)
As Coal India plans to ramp up production with heavy investment in hi-tech machines, one of its trade unions has strongly denounced the move fearing "huge job losses".
Press Trust of India | Last Updated: May 03, 2016 15:08 (IST)
State-run Bharat Heavy Electricals Ltd (BHEL) on Tuesday announced commissioning of a 600 MW coal-based thermal power plant in Madhya Pradesh.
Press Trust of India | Last Updated: May 03, 2016 12:40 (IST)
Reliance Power today said its 4,000 MW Sasan Power project achieved 100 per cent plant load factor (PLF) in April this year.
Press Trust of India | Last Updated: May 03, 2016 10:57 (IST)
The revision in LNG agreement with Qatar has helped bring down cost of importing natural gas to less than $5 per mmBtu from $12, Oil Minister Dharmendra Pradhan said on Monday.
Press Trust of India | Last Updated: April 29, 2016 19:00 (IST)
Wind turbine maker Suzlon Energy on Friday said its step-down subsidiary AE-Rotor Holding (AERH) has redeemed bonds worth $590.4 million (about Rs 3,900 crore) and also arranged a credit facility of the same amount at a competitive rate.
Press Trust of India | Last Updated: April 28, 2016 19:26 (IST)
Taking a diagonally opposite view to CAG, Parliament's Public Accounts Committee on Thursday said Reliance Industries (RIL) is entitled to recover all cost incurred on unviable gas discoveries as government's technical arm DGH had in the first place allowed it to retain the entire KG-D6 block area.
Press Trust of India | Last Updated: April 28, 2016 00:21 (IST)
Sajjan Jindal-led JSW Energy will on Thursday announce the acquisition of Naveen Jindal's 1000 MW capacity power plant at Raigarh in Chhattisgarh for up to Rs 6,000 crore.
Thomson Reuters | Last Updated: April 27, 2016 22:07 (IST)
Saudi Aramco, the world's biggest energy company, outlined financing plans on Wednesday that will support its expansion into new areas under a sweeping economic reform plan released by Riyadh this week.
Press Trust of India | Last Updated: April 27, 2016 19:54 (IST)
State-run utility NTPC is entering the wind energy segment and has invited bids from management consultants for setting up of a 100 mw project in the country.
Press Trust of India | Last Updated: April 26, 2016 20:42 (IST)
Government's decision to allow reverse auction for short-term power procurement via e-bidding will benefit distribution companies and lead to better transparent price discovery, which will lead to a price dip of 4-5 paise per unit for end-consumers, according to rating agency Icra.
Press Trust of India | Last Updated: April 26, 2016 16:47 (IST)
Filing for bankruptcy by US-based renewable energy major SunEdison poses no problem to India's robust solar energy programme of adding 100 GW capacity by 2022, Power Minister Piyush Goyal has said.
Press Trust of India | Last Updated: April 21, 2016 12:57 (IST)
Adani Power on Wednesday said 21 workers were injured in an accident at one of units of its coal-fired Mundra power plant in Gujarat.
Press Trust of India | Last Updated: April 20, 2016 18:12 (IST)
VC funding for Battery/Storage companies dropped 50 per cent with $54 million in 10 deals this quarter compared with $108 million in eight deals in Q4 2015. Year-over-year funding was lower compared to the $69 million in seven deals in Q1 2015.