Tag: Renewable Energy

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 ›

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 ›

Digvijaya Singh seeks Rs 5k crore for hydro power project in Madhya Pradesh

Congress general secretary Digvijaya Singh has sought a special package from Prime Minister Manmohan Singh to revive a stalled Rs 5,000-crore private sector hydro-electricity project, launched during his tenure as chief minister of Madhya Pradesh in the early 1990s. Blaming the environment ministry and state-run financierPower Finance Corporation for the problems plaguing Shree Maheshwar hydel power project, Singh has told the prime minister… Read More ›

Why the new coal auction policy will fail

With the Coalgate scam behind it, the government is now all set to allot coal mines under the new auction policy adopted last year. The government hopes the move will root out political favouritism in coal block allotment, help improve domestic coal output, and decrease the cost of power. But the new policy is likely… Read More ›

Essar Energy rejects Ruias’ takeover bid

Essar Energy Plc rejected a possible buyout bid from its majority shareholder, saying the offer of about £900 million undervalued the London-listed oil and gas company. The decision comes as a shot in the arm for minority shareholders such asHenderson Global and Standard Life, who were vocal about their displeasure and had termed the offer from Essar Global Fund… Read More ›