MSEB restructuring process formally launched
The much-debated restructuring of the loss-making Maharashtra State Electricity Board (MSEB) began on December 10. The state government is expected to complete the restructuring by June 10 next year.
News
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Enel nears China gas venture
In a rare foray by a multinational into China's natural gas distribution market, European energy company Enel SpA is negotiating to invest more than Euro 100 million, or $135 million, in a joint
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Ministry dictat may seal fate of ONGC projects
Petroleum and natural gas ministry has asked Oil and Natural Gas Corporation (ONGC) to limit its activities to only drilling and exploration of oil and gas and allow the public sector oil and power
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Bhel Trichy ready to go for higher capacity power plants
Bharat Heavy Electricals Ltd (Bhel), Trichy, which is globally competitive in the design, manufacture and commissioning of power plants up to 500 mw capacity is ready to go in for power plants of
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IDBI okays Rs 900 cr for power projects
IDBI Ltd, which has transferred its fund-based exposure of Rs 1,200 crore in the now closed Dabhol project to the stressed assets stabilisation fund (SASF), has sanctioned Rs 900 crore during last
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PTC buys 11% stake in Lanco project
PTC India Ltd, the erstwhile Power Trading Corporation, has repositioned itself to tap various opportunities in the rapidly changing power sector. The company will concentrate on power trading as its
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Bangladesh puts riders for allowing gas pipeline
Bangladesh has put fresh conditions for it to consider allowing a gas pipeline from Myanmar to India to run through its territory. It wants the pipeline to be laid along Bangladesh's existing roads
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BHEL thermal sets help boost generation
Power generation in the country recieved a boost in the first eight months of the current fiscal as a result of excellent performance of Bharat Heavy Electricals Limited (BHEL) built thermal sets.
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Opec agrees to cut oil supply
The Organisation of the Petroleum Exporting Countries agreed to cut the supply of oil to world markets and defend higher prices in spite of concern about the impat of $40-a-barrel oil on economis,
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Bush policy on energy a challenge for Bodman
President George.W. Bush nominated Sam Bodman, the deputy treasury secretary, as the new US energy secretary, leaving only one cabinet post in his second-term administration yet to be filled. Mr.
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US groups eye return to Libya oil exploration
Libya is in the final stages of selecting eligible bidders for an auction of 15 exploration licences that could mark the return of US oil companies to the country, the oil minister said. Fathi Hamed
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The case against cutting oil output
As ministers from the Organisation of Petroleum Exporting Countries meet in Cairo, there are calls for cuts in output to prevent the slide in oil prices accelerating with the seasonal decline in
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Now, farms will now produce power
Windmills on farmers' fields is a new concept where groups of farmers generate wind energy in their fields by installing windmills and sell the energy to power utilities. Greenpeace International, an
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Indo-Myanmar pipeline crosses its first hurdle
The proposed pipeline through Bangladesh territory for wheeling gas from Myanmar has crossed the first hurdle, with India convinced of its physical safety through the rebel infested areas between the
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Energy efficient lamps launched
'Minister for Energy and Public Works H D Revanna unveiled a range of
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Defra five year plan focuses on energy efficiency and cleaner neighbourhoods
The UK government launched its five year plan for the environment this week with a strong focus on energy efficiency and cleaning up neighbourhoods. The clean neighbourhoods and environment bill
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US petroleum demand to grow 37 percent by 2025 - EIA
US petroleum demand is expected to grow by a projected 37 percent by 2025, forcing the nation to rely even more on foreign suppliers to meet its growing oil thirst, the government said. Petroleum
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Panva to invest 2 billion yuan in gas expansion
Chinese gas distributor Panva Gas Holdings Ltd. said on Thursday it plans to spend 2 billion yuan (US$242 million) in coming years as it races to snap up more users in China's fledgling gas market.
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India's IOC to cut refinery runs, imports gasoline
Indian Oil Corp. (IOC) will cut crude processing rates by 10 percent from current levels between December and March to reduce stocks ahead of tougher fuel standards from April, a company official
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ONGC to put Mahanadi on oil map
Oil & Natural Gas Corporation (ONGC) is all set to put Mahanadi basin on the global oil map, taking up drilling of 37 wells in two years starting from the fiscal 2005. U N Bose, executive director