Tata Power Renewable Energy Ltd (TPREL), an arm of Tata Power, has completed 100 per cent share purchase in Welspun Renewable Energy Pvt Ltd (WREPL) and its subsidiaries.
The Centre's flagship Uday scheme will benefit power distribution companies significantly in the near to medium-term, but strict focus on improving efficiency, timeliness and tariff hike adequacy will be critical for their financial turnaround in the long-run, says an ICRA report.
An inter-ministerial panel on coal linkages has asked GVK to obtain fossil fuel through special forward e-auction for its 540-mw thermal power project near Goindwal Sahib in Punjab.
Government on Friday said it plans to reduce crude oil import by 10 per cent by 2022 to ensure energy security with Oil and Petroleum Minister Dharmendra Pradhan highlighting the government's bid to achieve self-sufficiency by enhancing indigenous production of petroleum products.
Seeking to provide affordable energy to the Indian consumers, the government has introduced transparent policies through the deregulated market for global players to invest in refineries and petrochemical plants, Oil and Petroleum Minister Dharmendra Pradhan said here on Friday.
A final decision on the much-delayed Rajasthan refinery, to be set up by Hindustan Petroleum Corporation for an estimated over Rs 37,000 crore, but has run into a political quagmire, is expected within a few months.
State-owned Oil and Natural Gas Corp (ONGC) on Thursday said unlike Reliance Industries it had no prior knowledge of natural gas from its block seeping into adjoining fields of the private firm.
Tasmania has offered a financial package of 25 million Australian dollar (ASD) to Vedanta Resources for restarting a copper mine by 2017, the Australian state's premier, Will Hodgman, said on Tuesday.
Lanco Kodapalli Power has secured the highest allocation of 3.11 mmscmd of gas followed by Dabhol project at 2.43 mmscmd for 6 months till March in an e-auction by Power Ministry.
Reliance Industries Chairman Mukesh Ambani on Thursday said the company will not withdraw an arbitration it has initiated against the government for disallowing recovery of certain KG-D6 gas field costs - a punishment for gas output targets not being met.
Indian Oil Corp, the nation's biggest oil firm, has raised crude oil import from Iran to four fold and has cleared most of the past payments as sanctions against the Persian Gulf nation were eased.
Vedanta's 1,980 MW Talwandi Saboo thermal power plant has become fully operational with the 660 MW third unit starting commercial generation.
Rationalisation of coal freight tariff by Railways will have minimal impact on power tariff and the move would gradually lead to domestic fuel replacing imported coal, Power Minister Piyush Goyal said on Monday.
Cairn has initiated an international arbitration seeking $5.6 billion in compensation from the Indian government in case the retrospective tax demand of Rs 29,047 crore is not quashed.
OVL had in May applied to the Vietnamese authorities for a fourth extension of the exploration licence for the deepsea block to maintain India's strategic interest in the South China Sea.
Uncertainty on extension of generation-based incentive (GBI), coupled with unwillingness of state distribution companies to support costly power, may adversely impact the government's vision to achieve a wind power capacity of 60,000 MW by 2022, a report said.
Coastal movement of coal could cut power costs by 50 paise per unit for power plants besides saving Rs 17,000 crore annually, a report under government's ambitious Sagarmala project has said.
A multi-million dollar deal between Malaysia's largest power utility player Tenaga Nasional Berhad and GMR Energy has received clearance from the Competition Commission of India (CCI).