Delhi Solar Energy Policy, 2023
The Delhi government launched the Delhi Solar Policy 2023, in which residents consuming over 400 units of electricity can install solar panels bring electricity bill charge to zero. Under the newly launched
Energy Policy
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Paying the price
High costs discourage the use of low sulphur fuels
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Swedish discount for environment conscious car buyers
The Swedish government has approved a discount to motorists who switch to environment-friendly cars. The rebate of 10,000 kroner (us $1,430), which began from April 1, 2007, will continue till
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New panel to modify energy Acts
THE department of power has set up a working group to prepare new legislation to modify the 14 existing Acts that affect energy consumption. The 10-member panel comprises experts in energy, law,
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Ecotax policy rejected
the French government's plan to introduce ecological tax reforms got a serious blow on December 28, 2000, when the country's constitutional court rejected a planned industrial energy tax. The
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Hands off Alaska
The US, it is widely believed, can go to great lengths to lay its hands on oil whether this means having to unleash a full fledged war on faraway Iraq, or throwing open a part of the pristine Arctic National Wildlife Refuge back home. At least in the la
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Fuel inefficient India heading towards energy crisis
Energy insecurity is India s latest tryst with her post liberalised destiny. It began in July 2006. Crude oil prices rose to all time peak, at US $79 a barrel. In India, retail prices of petrol and diesel rose, respectively, 59.6 per cent and 78.8 per cen
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Bush fires spread very fast
It is the turn of the Indian energy establishment to be engulfed in the fire lit by President George Bush on nuclear energy. Bush says it is the safest, cleanest, cheapest option. So prime minister
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Call for privatisation of old oilfields
The Economic Survey has reiterated that the government should raise output by privatising the oil fields and hence reduce dependence on imported crude oil. India, which spent $48.389 billion to import its crude oil needs in 2006-07, has already spent $48.02 billion on crude imports in the first nine months of the current fiscal because of rise in international oil prices. The pre-budget survey that was tabled in Parliament, suggested selling old oil fields to private sector and for application of improved and enhanced oil recovery techniques. Besides stepping up domestic production, the remaining deficit would have to be bridged by entering into strategic geo-political alliances to access energy assets in the region, the Survey said, pointing to the need of making investments in energy chain in West Asia and Africa. Reducing incremental import dependence of the country's energy requirement requires tapping of coal reserves, accelerating exploration of oil and gas, fully exploiting the nuclear and hydro potential for power generation and expediting programmes for energy generation through renewables, the survey stated. While production from old fields declined, the award of 162 new areas for exploration under New Exploration Licensing Policy (NELP) since 1999 have led to 46 oil and gas discoveries to add 600 million tons of oil equivalent hydrocarbon reserves. As on April 1, 2007, the investment made by Indian and foreign companies in NELP blocks was $ 3.887 billion, out of which only 30 per cent was by the national oil companies.
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Oil firms worried about tax changes
DAY-2 BUDGET 2008-09 IMPACT/ OIL AND GAS The exclusion of petroleum and natural gas from the broad category of "mineral oil' has put players in the oil and gas sector in a tizzy. Producers of oil and gas and refiners of crude oil were claiming an income tax exemption under Section 80-IB (9). The Budget proposes an amendment to this section, which says "mineral oil does not include petroleum and natural gas'. ONGC, the country's largest oil and gas production company, is estimated to save close to Rs 4,000 crore annually through this window. Companies slated to begin oil and gas production were planning to seek tax exemptions under this provision. "There is just no clarity on the issue. It contradicts commitments made under Nelp agreements. We will be formally seeking a clarification from the finance ministry,' said a senior official with Reliance Industries.
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Energy politics (part 1): BP's oil spill in the Gulf of Mexico: will it force change?
<p>As I watched President Barack Obama speak on the BP oil spill in the Gulf of Mexico many thoughts crossed my mind. <br />