Power, gas utility stocks gain on Cabinet nod for financial support
Shares of power and gas utility stocks on Thursday rose as much as five percent on bourses after Cabinet approved financial support to revive stranded power projects.
Mar 26, 2015, 19:23 PM IST
Tata Power ties up funds for Georgian hydel project
Tata Power today said it has achieved financial closure for the 187 MW Adjaristsqali hydel projects in Georgia by arranging an additional USD 250 million long-term loan, making it the largest hydel project in the East European nation.
Mar 24, 2015, 17:52 PM IST
Mumbai will save Rs 80 cr per year with LED lights: Goyal
Union minister of state for coal and power, Piyush Goyal said today that Mumbai will be able to save up to Rs 80 crore per year with installation of LED bulbs as street lights.
Mar 22, 2015, 21:15 PM IST
Unexpected rains pull down peak power deficit to 2.8% in February
Unexpected rains across the country brought down the peak power deficit -- shortfall in electricity supply when the demand is maximum -- to 2.8 per cent last month.
Mar 22, 2015, 11:15 AM IST
Govt to train 7 lakh people by 2018 to meet power sector needs
The government aims to train as many as 7 lakh people for various segments in power generation in line with its ambitious plans of producing 1,75,000 MW renewable energy 2022.
Mar 04, 2015, 12:44 PM IST
Coal auctions to ensure cheaper power: FM Jaitley
Finance Minister Arun Jaitley on Tuesday said the ongoing auction of coal mines would help in ensuring cheaper electricity to the common man in a sustained manner as against the practice of states subsidising power.
Feb 17, 2015, 19:07 PM IST
Govt aims to double renewable energy share in overall basket
Eyeing investments of up to USD 200 billion, the government is looking to more than double the share of renewable sources to over 15 percent in the country's overall energy basket in about a decade, Union Minister Piyush Goyal said today.
Feb 15, 2015, 16:03 PM IST
Interesting proposals for power sector expected in Budget: Goyal
Stating that "some interesting" proposals for infrastructure development can be expected in the Union Budget, Coal and power Minister Piyush Goyal today hoped for an innovative financing model to help revive power sector and investments.
Feb 09, 2015, 16:09 PM IST
Electricity Act amendments to come into effect by April: Goyal
The proposed amendments to the existing Act will promote competition, efficiency, and improvement in the supply of electricity in the country resulting in capacity addition and benefit to the consumers.
Feb 06, 2015, 23:32 PM IST
Oil Ministry cuts gas supplies to Gujarat to meet CNG, PNG demand
Months after effecting drastic cut in natural gas supplies to small industries in Gujarat, Oil Ministry has admitted that small consumers were bracketed with priority sector users like fertiliser and power by the Cabinet but were deprioritised at departmental level.
Feb 04, 2015, 19:37 PM IST
Smart cities progress to hinge on power, infra and others
A successful development of proposed smart cities across the country will depend on five critical elements such as power, infrastructure, funds, technology and social capital, property consultant Cushman & Wakefield said Thursday.
Jan 22, 2015, 17:09 PM IST
PSUs to pay Rs 100-150/tonne on coal besides upfront payment
State-owned entities will have to pay up to Rs 150 per tonne of extracted coal as royalty and monthly payments in addition to the upfront amount, the government said on Thursday as it kickstarted the allocation process for 36 mines to PSUs.
Jan 22, 2015, 16:59 PM IST
Power Ministry to finalise draft Cabinet note on tariff policy by Jan 15
Aiming to bring another set of reforms in the sector, Power Ministry is drafting a Cabinet note proposing amendments to the Tariff Policy for enabling greater competition in the sector.
Jan 07, 2015, 17:31 PM IST
Peak power deficit lowers slightly to 3.7% in Nov: CEA
Power requirement during November was 1,37,620 MW of which 1,32,530 MW was met, leaving a shortfall of 5,090 MW, according to an official data by the Central Electricity Authority (CEA).
Dec 25, 2014, 18:13 PM IST
Azure power signs initial agreement to develop 1000 MW solar power
Azure Power Monday announced signing of an initial agreement with Rajasthan government to develop a 1000 MW solar power project.
Dec 22, 2014, 13:40 PM IST
Power stocks light up, surge up to 12%
Shares of companies related to power sector soared nearly 12 percent Thursday after the government decision to set up Power System Operation Corp as an independent firm for ensuring neutrality of the transmission system operations.
Dec 18, 2014, 18:51 PM IST
LT of imported coal landed at Mundra port: Coal India
State-owned Coal India Ltd Monday said the first shipment of 1.79 lakh tonnes of imported coal has landed at Mundra port and would be supplied to the power companies.
Dec 15, 2014, 17:25 PM IST
Govt may not give free power to coal producing states: Goyal
The government may not provide free power to coal producing states of Odisha, Jharkhand and Chhattisgarh on account of negative impact of industrial activity in these states.
Dec 15, 2014, 16:30 PM IST
Fitch retains stable outlook on power sector in 2015
Rating agency Fitch Friday retained its stable outlook on India's power sector in 2015 but warned producers and grid operators will continue to face challenges by way of high capex levels and fuel shortages leading to negative free cash-flow in the medium-term.
Dec 12, 2014, 23:09 PM IST
Coal India board ratifies Rs 11,000-cr thermal power foray
Coal India sources said as these projects were treated as regular business and not policy decisions. They were approved despite the absence of independent directors.
Nov 09, 2014, 12:08 PM IST
