Tata Power on Friday announced its South African joint venture Cennergi has achieved the commercial operation of its 134 MW wind farm project.
State-owned Oil and Natural Gas Corp (ONGC) will have to shell out Rs 392 crore and Oil India Ltd over Rs 1,100 crore after the government ordered them to pay royalty at gross crude oil price and not the net rate they actually realise.
ONGC Videsh Ltd has raised $1 billion through a US dollar bonds issue to finance its acquisition of 15 per cent stake in Russia's second biggest oil field Vankor.
Power generation utilities owe Rs 12,028 crore to state-owned Coal India Ltd (CIL) as of March 31, Parliament was informed on Thursday.
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved setting up of a 1,980 MW Ghatampur thermal power project at an estimated cost of Rs 17,237.8 crore in Uttar Pradesh.
State-owned PTC India has launched two mobile applications to provide market information like power prices and trends, and help participants place error-free bids on electricity exchanges.
A recent apex court order upholding the statutory powers of regulators to review tariffs in power purchase agreements is a positive regulatory development for generation entities, domestic ratings agency Icra said on Tuesday.
The government will double the target for energy to be generated from solar parks by 2020, a top official said, as roof-top installations progress slower than anticipated and US company SunEdison's projects are threatened by its bankruptcy.
OIL-IOC-BCPL combine's $2.02 billion deal to acquire 23.9 per cent stake in Russia's Vankor oilfield has spoilt ONGC Videsh Ltd's chance of negotiating down the price for additional 11 per cent it is buying in the same field.
State-run miner Coal India is exploring avenues to export the fossil fuel after it clocked a record production, a top official said on Tuesday.
Adani Power on Monday said five units of 660 MW capacity each at the Tiroda plant in Maharashtra have resumed normal operations with availability of water on July 1.
Recent policy measures announced by the Centre including flexible utilisation of domestic coal linkage and procurement of short-term power through reverse auction are favourable for state discoms as they is likely to reduce the cost of power purchase, says a report.
Wind Turbine maker Suzlon Group on Monday said it has entered into a pact with CLP India for a 100 mw solar project at Veltoor in Telangana.
Siemens and Spain's Gamesa agreed on Friday to create the world's biggest builder of windfarms, with the German company paying 1 billion euros ($1.13 billion) for a majority stake in the combined business.
With international oil prices climbing back towards $50 a barrel after touching a 12-year low in January, Moody's Investor Service said on Friday that amid continuing challenges for energy companies, its medium-term outlook for the sector remains unchanged.
Public sector power generator NTPC has made a saving of Rs 446 crore in energy bill in April this year despite recent increase in Clean Energy Cess on coal.
Engineering firm ABB has commissioned five sub- stations to integrate 648 MW solar project at Kamuthi in Tamil Nadu to the national transmission grid.
Renewable energy sources such as wind and solar will attract two-thirds of all investment in power-generating plants between 2016 and 2040 in spite of persistently cheap coal and gas prices, a new report has found.