Coal India Ltd said the company is aiming at investing Rs 40,000-50,000 crore as capital expenditure in the next 4-5 years. The Rs 17,000-crore capex (capital expenditure) for the current fiscal is “on track”, CIL chairman Pramod Agrawal told investors. He also acknowledged that price revision is “inevitable” and this may happen soon. “We have […]
State-run power giant NTPC said its arm NTPC Renewable Energy has inked power purchase agreement and other project agreements with Indian Railways, Madhya Pradesh Power Management Company and Rewa Ultra Mega Solar. “NTPC Renewable Energy Ltd, a wholly-owned subsidiary of NTPC Ltd, India’s largest integrated energy company has signed a PPA (power purchase agreement) and other project agreements […]
Subsidiary of Coal India, Mahanadi Coalfields Limited (MCL), is to set up a 50 megawatt (MW) solar power plant in Odisha’s Sambalpur at a total cost of Rs 301.92 crore. This is a step towards achieving its goal of carbon neutrality by 2024. MCL has pledged a target of installing 182 MW of solar power […]
Coal India Ltd., the world’s largest producer of the fuel, said rising costs mean it’s “inevitable” that it will be forced to hike prices of supplies in long-term deals to protect profitability. The state-run company is facing pressure from high diesel prices and an increase in salaries of employees due retroactively from July. The higher costs threaten […]
Indian Oil Corporation’s Mathura refinery has received environmental clearance for projects to expand its crude processing capacity to 11 million tonnes per annum (mtpa). Currently, the Mathura Refinery has processing capacity of 8 mtpa. The refinery has been accorded environmental clearance for residue upgradation and distillate yield improvement project with 11 MMTPA crude processing, Mathura […]
The dispatch of coal to the power sector by state-owned CIL rose by 22.7 per cent to 291.72 million tonnes (MT) in the first seven months of the ongoing fiscal year. Coal India Ltd (CIL) had dispatched 237.75 MT of coal to the power sector in April-October period of 2020-21, according to monthly summary for the Cabinet for October. […]
The government has set up a committee to work out measures needed to make natural gas available to power plants at “reasonably stable prices”, Oil Secretary Tarun Kapoor said. India has 24,900 megawatts of gas-based power generation capacity. But of this, 14,305 MW is stranded due to the non-availability of reasonably priced gas. “We have […]
With 46.8 gigawatts (GW) of installed capacity, solar power is the leading renewable energy source in India, according to the data from Mercom’s India Solar Project Tracker, Central Electricity Authority (CEA), and Ministry of New and Renewable Energy (MNRE). Solar energy has overtaken large hydro, which had an installed capacity of 46.51 GW as of […]
Reliance Industries Ltd will transfer its Jamnagar syngas project to a subsidiary it owns fully with a view to unlock value, a company statement said. Used for energy production, syngas is a combination of hydrogen, carbon monoxide and some carbon dioxide that is typically manufactured by gasifying a solid hydrocarbon fuel. The transfer will help “unlock […]
India’s natural gas consumption is projected to rise to as much as 550 million standard cubic meters per day by the end of the decade from about 174 mmscmd now as the user base expands with the inclusion of newer industries such as steel, GAIL (India) marketing director E S Ranganathan said. Speaking at the ETEnergyworld Gas […]
