Tag: energy

TN govt announces measures to strengthen power infrastructure


In a bid to effectively generate, handle and distribute electricity, the Tamil Nadu government today announced a slew of measures in the Assembly to strengthen power infrastructure in the state. Electricity Minister, Natham R Viswanathan said the Generator Protection System installed in the fourth unit in Tuticorin Thermal Power Plant would be replaced with latest… Read More ›

Unsolved global oil supply and demand equation poses risks: Dr Mosongo Moukwa


Soon, the world will not be able to produce all the oil it needs as demand is continually rising while supply is falling. According to International Energy Agency (IEA), oil consumption will rise by 56% between now and 2040, with China and India, both responsible for half of this increase in consumption. A study by Pickering, Holt &Co, an investment bank focusing on energy,… Read More ›

Oil and gas retailing: Changes to pivot around individual consumer


While both policies pivot around giving a new deal to individuals & households, they change the way they look at this set of consumers: from buyers of products at subsidised prices to buyers of products at marketlinked prices.  In two policy changes, one that is currently unravelling and another that is done, resides a promise… Read More ›

Oil India: Optimism on gas prices, subsidies


These larger benefits, added to other favourable factors, outweigh near-term concerns, causing analysts to be bullish on the stock Oil India Ltd (OIL), the upstream major in the sector, has seen its stock under pressure for quite a while, with concerns on production volumes, uncertainty over subsidy burden and, recently, the government’s plan of selling its stake in… Read More ›

No headway in India-US civil N-deal


US urges New Delhi to align its nuclear liability law with the international convention The much-awaited India-US Energy Dialogue has failed to push the stalled civil nuclear deal forward, even as the US urged India to align its nuclear liability law with the international convention on the issue. Ahead of a meeting of a working group on civil nuclear… Read More ›

Government may ask all refineries to produce fixed level of LPG to ensure uninterrupted supply


Govt is likely to order oil refineries, including private sector Reliance Industries and Essar Oil, to maintain a minimum level of LPG production.  NEW DELHI: Government is likely to order oil refineries, including private sector Reliance IndustriesBSE 3.56 % and Essar OilBSE 0.97 %, to maintain a minimum level of LPG production to ensure uninterrupted supply of… Read More ›

Oil rises by $3, Energy cos face Rs 27,000 crore burden


For Indian oil companies, which depend heavily on imports, high oil prices can be a crippling burden at a time when the government is reluctant to raise fuel prices.  NEW DELHI: Oil prices jumped $3 a barrel, putting an annualised burden of Rs 27,000 crore on Indian energy firms, because of escalating hostility between Russia,… Read More ›

Oil PSUs to promote renewable energy


Ministry of New & Renewable Energy (MNRE) and Ministry of Petroleum & Natural Gas (MoP&NG) have signed a Memorandum of Understanding to enhance energy security along with clean energy development through investments in Solar, Wind and other renewable energy projects. Two Special Purpose Vehicles (SPVs) are proposed to be set up for promoting the deployment of technologies… Read More ›

CMOs Eye CEO Office, But Need CIOs to Get There


CMOs are among the most important executives at a company — and they know it and want to take the next step to the CEO’s office. The good news for CIOs is that they can’t do it without you. A couple of years ago, many CMOs aspired to move up the ladder by becoming the… Read More ›

Renewable Energy Certificate trading volumes doubled in February: Indian Energy Exchange


NEW DELHI: The traded volume of renewable energy certificates more than doubled this month on the Indian Energy Exchange (IEX). Prices of these certificates both in solar and non-solar segments, however, remained flat on a month-on-month basis. The total traded volume of RECs, during yesterday’s session, touched 1,83,923. In January, the same was at 84,472. One Renewable Energy Certificate… Read More ›