The 12th Five Year Plan had a proposal of construction of a power generator with a capacity of about 80,000 MW will take place. This was told by Sushilkumar Shinde. This plan was approved July 31, 2008 and it was called re-structured Accelerated Power Development Programme with an outlay of Rs 51,577 crore. The program […]
Azure Power owned a venture with United States Trade and Development Agency (USTDA) and is going to access the development and speed up adoption of solar power in India. The $476, 670 will supply a 500 kilowatt micro-grid solar photovoltaic power generation plants will be placed in Gujarat and Chhatisgarh. According to a study, Azure […]
At the time when the Govt. is fighting hard to control the Inflation and ever rising prices of consumer goods in India, it looks like one thing that is probably going to take a hit during the upcoming Budget 2012 is the Power Tariffs. Here is why? The power distribution companies in India are already […]
The oil companies are planning to raise petrol and diesel prices by Rs. 2-4 per liter after the legislative elections of five states. All the state owned oil companies are losing Rs. 4 per liter on petrol. The petrol prices were revised on December 1, after which the prices were not changed due to the […]
State owned Hindustan Petroleum Corporation Limited decided to import oil in double from Saudi Arabia from the next financial year and will minimize 14% import of oil from Iran. HPCL in 2012-13 has decided to import 3.5 million tons of crude oil from Saudi Aramco of Saudi Arabia against 1.75 million tons of oil bought […]
Adani Gas, a unit of Adani Enterprise, will pick up 20% share in the Green Gas Limited, joint venture between state-run gas utility GAIL India and Indian Oil Corporation. Green Gas is supplying Compressed Natural Gas (CNG) in the cities like Agra, Lucknow. Adani Gas Company GAIL India and IOC hold 22.5% each in the […]
Global fuel prices are expected to go up, as Iran faces global sanctions due to its aggressive nuclear programme. Iran plays an important role in the supply of crude oil, rated as the second largest producer after Saudi Arabia. India, which is now Iran’s largest importer of crude, is in a sensitive position due to […]
The heavy industries ministry wants Prime Minister Manmohan Singh to stop the use of foreign equipment in ultra mega power projects. He said it is necessary to satisfy and serve the needs of domestic companies. He also expected that UMPPs bidders should get their equipment from domestic companies or enterprises that have an India origin. […]
