Source: Indian Express, May 16, 2012
The government on Tuesday disclosed in Parliament that India’s crude import target from Iran has been reduced by 11 per cent this financial year to 15.5 million tonnes, a statement that comes against the backdrop of US pressure on the issue.
Source: Business standard, May 16, 2012
Power-starved Tamil Nadu is expected to get an additional 4,887 Mw of power from state and Central projects, as well as joint ventures before the end of 2013. The state government is confident that by June this year, power cuts — which vary from two to four hours a day in various parts of the state — will be withdrawn. The state government also envisions investments of some Rs 4.50 lakh crore as part of its Vision 2023 for the energy sector.
Source: The Economic Times, May 13, 2012
NEW DELHI: Country’s largest power producer NTPC may not be able to add at least 12,500 MW of generation capacity, if the coal supply issues are not resolved in the next couple of months, a top company official said.
Faced with non-availability of gas for its envisaged plants, the state-run power producer has already scaled down its target of having 70,000 MW generation capacity by the end of the current Plan period (2012-17) to 65,000 MW.
Source: The Economic Times, May 10, 2012
KOLKATA: Flexenclosure, a global developer of environment-friendly energy solutions for telecom companies, has inked a 51:49 joint venture with Mumbai’s Artheon Group, and has named ex-Nokia Siemens Networks (NSN) business development head Mukesh Singh as CEO of its India arm. It has also roped in ex-Uninor COO Rohit Chandra into the leadership team, said a top company executive.
Source: Business standard, May 09, 2012
New Delhi: The government plans to empower the regulator being set up for the coal sector with the authority to decide pricing. The proposal, if implemented, would deprive state-owned Coal India (CIL) the freedom it currently enjoys in fixing and revising prices of its output.
Source: The Economic Times, May 07, 2012
NEW DELHI: A mammoth 80,000 MW power generation capacity is under construction during the 12th Five Year Plan period ending March 31, 2017, Power Minister Sushilkumar Shinde told the Rajya Sabha today.
He said during Question Hour that 21,000 MW of electricity generation capacity was added during 10th Plan period against the target of 42,000 MW.
Source: Business standard, May 07, 2012
Mumbai/Ahmedabad: The sanction-stricken Iran is silently emerging as India’s biggest destination for oil meal exports. As per the latest figures issued by the Solvent Extractors’ Association (SEA) of India, Iran imported 97,904 tonnes of oil meals in April 2012 compared to 50,022 tonnes in April 2011, up by 95.72 per cent making it the largest importer of oil meals from India during the month.
Industry insiders attribute this sharp growth in Iran’s oil meal imports from India as a fall out of the trade embargo put on the country by Europe and the US for its alleged nuclear proliferation programme.
Source: Business standard, May 07, 2012
Mumbai: Amid the growing restriction over the availability of coal in the country, the ministries of coal and power have arrived at a consensus to freeze the capacity and list of power projects linked to Coal India Ltd (CIL) companies.
The power ministry has identified projects of 127,448 Mw capacity that would need 557 million tonnes of coal for the signing of fuel supply agreements (FSA) with CIL and its subsidiaries.
Source: The Hindu Business Line, May 07, 2012
New Delhi: The Ministry of Power on Tuesday said it is now mandatory to procure transmission services for new projects through tariff-based competitive regime.
“The intra-state transmission projects would also be moving to the tariff-based competitive system from January 2013 as per the tariff policy,” the Ministry of Power said in a statement.
Source: Business standard, May 04, 2012
Mumbai: The power ministry has proposed a slew of amendments to the Electricity Act, 2003, in a bid to remove anomalies in its implementation. The ministry has proposed amendments to Section 11 to curb its alleged misuse by state governments and prohibit the sale of surplus power from generating units to entities outside a state.
It has proposed an appropriate government may specify that a generating company shall, in extraordinary circumstances, operate and maintain any generating station in accordance with the direction of that government.
