Environmental campaign agency Greenpeace said Nitish Kumar, former chief minister of Bihar, has praised its micro-grid solar project in Jehanabad district. “Elated to see homes, shops and streets lit up at night, Kumar praised Greenpeace and the unique energy model, upholding it as a crucial step towards rural electrification of Bihar,” the agency said in […]
Tata Power Solar, India’s largest integrated solar player, and Bajaj Finance Ltd, which is famous for providing loans for high-end TVs and mobile phones, have teamed up to provide loans to consumers buying solar products in India. The loans will be interest-free and will be applicable to all Tata Power Solar products across various categories […]
ONGC Videsh Limited, the foreign-focused unit of ONGC said it has raised $ 1.5 billion and Euro 525 million unsecured bonds in the international capital markets. The bonds are guaranteed by ONGC. T “The Reg S Bonds will be issued in dual currency with two tranches of US$ 750 million each for 5-year and 10-year […]
The Mumbai Press Club will hold a discussion on the gas pricing controversy, it said in a statement. The discussion will be based on Paranjoy Guha Thakurta’s book – Gas Wars: Crony Capitalism and the Ambanis and will be held on Friday, 27th June, 2014 at 2.45 PM. The price of natural gas has been […]
Ratings provider Fitch has downgraded the debt of Essar Projects Ltd, the holding company of the various construction companies of Essar Group, to ‘B-‘ from ‘B’. The primary reason is a wind-down of construction activity within Essar Group, which is largely into the energy business. “Essar Project’s order book shrank to USD3.5bn in FY13 from […]
ACME Solar said it has emerged as the developer for 30 MW solar PV power projects at the bid-opening event at Raipur under RFP floated by Chhattisgarh State Power Distribution Company Limited (CSPDCL) on April 01, 2014. The selected developer would sign 25 year long PPA with the agency on the uniform tariff submitted in […]
Indian Oil Corporation Ltd. has decided to increase the retail selling price of Diesel by Rs.0.50/litre (excluding state levies) with effect from midnight of 31st May/1st Jun’14. In effect, it implies a rise of 65 to 75 paise per liter. “The above increase is pursuant to GOI order dated 17th Jan’13, whereby OMCs have been […]
The state government of Madhya Pradesh has assured the National Green Tribunal that they will not fell trees till October in Mahan forests, the site of Mahan coal block, that was given a forest clearance by the central government in March. The move comes as a temporary respite for members of Mahan Sangharsh Samiti, which […]
India’s Oil and Natural Gas Corp (ONGC) will drill for oil in the Russian Arctic region in association with Rosneft, the biggest oil company in Russia. The companies will co-operate in subsurface surveys, exploration and appraisal activities and hydrocarbons production in Russia’s offshore Arctic, ONGC said in a statement. India has been hungry for hydrocarbons […]
Oil and Natural Gas Corp (ONGC) Ltd has denied an Economic Times report that said that quoted company officials as saying ONGC was under pressure from the government to act on concerns that Reliance Industries Ltd could have pumped out gas from a reservoir belonging to ONGC in Krishna-Godavari Basin. ONGC said it had certain […]
ONGC Videsh Ltd, India’s foreign-asset oriented state oil explorer, said it has signed a Production Sharing Contract (PSC) for two offshore blocks with the Bangladeshi government. The production sharing contract, the most important contract between a producer and the host country, was signed for shallow water exploration blocks SS-09 & SS-04 in the Bay of […]
