Energy

Punjab Green Hydrogen Policy

The Punjab Energy Development Agency has released a draft green hydrogen policy aiming to achieve a green hydrogen and ammonia production capacity of 100 kilo tonnes per annum by 2030. The policy proposes extending incentives under the existing “Punjab Industrial and Business Development Policy 2022” to new green hydrogen and …

GoM to draw up strategy for hydrocarbon sector

The Prime Minister will soon constitute a special Group of Ministers (GoM) to finalise a long-term strategy for the hydrocarbon sector - India Hydrocarbon Vision 2020. Ministers of Finance, Petroleum and Natural Gas, Power and Environment are likely to be on the group of Ministers, which will finalise the framework …

$216 million renewable energy plan

German development bank Kreditanstalt Fur Wiederaufbau (KFW) has agreed to provide DM 120 million (about $216 million) credit to India for financing renewable energy projects. While KFW will provide funds to Ireda at an average interest rate of only 1.5 per cent, with a repayment period of 40 years, Ireda …

Reliance Salgaonkar, Goa govt lock horns

Serious differences have cropped up between Goa government and Reliance Salgaonkar over commissioning of latter's power plant at Sancoale in South Goa. While Reliance Salgaonkar wants the state government to allow it to operate its plant on a open cycle using industrial kerosene as fuel before going on to the …

ADB announces $1.3 bn loan for energy sector

The Asian Development Bank announced a $1.3 billion loan package for India's energy sector which includes $200 million for investments in energy efficiency projects.

NTPC raises $120m in syndicated loan

India's largest power utility, National Thermal Power Corporation (NTPC) has raised a $120 million syndicated loan to part finance its ongoing projects. The loan agreement was signed by NTPC's director of finance, Mr. C.P. Jain, executive vice president of State Bank of India, Mr. R.D. Shanbhag, and Bank of America's …

Power board warns Maharashtra govt of surplus

The Maharashtra State Electricity Board(MSEB) has warned the state government that power may become surplus in the state in a big way within the next couple of years if more independent power producters(IPPs) were added.

Edison investigates Indonesia power plant

Edison International has launched an internal investigation into its $2.5 billion power plant project in Indonesia, which has been plagued by charges of corruption and excessive electricity tariffs, according to people familiar with the inquiry.

Three Gorges project faces funding shortall of $3bn

China's Three Gorges Dam, the world's largest civil engineering project, has run into difficulties raising funds at a crucial stage in its construction. The country's flagship infrastructure project faces $3bn shortfall for the second phase of construction, the government said in a report suggesting that international reluctance to finance the …

Fire at ONGC well continues

The gas flowing from the ONGC's well in the western ofshore continued to burn for the fifth day today, as the electrical and mechanical systems of the rig were beign checked before it was moved away to allow closer access to the fire site.

Rajasthan hopes to resurrect mythical saraswati

Officers of the Central Ground Water Department have set about a daunting task-- to transport water through palaeo-channels believed to be of the ancient river Saraswati, through the desert state. Daunting, because of river, if it ever existed, has been buried deep for over 5,000 years. The Central Ground Water …

Green energy from the ocean

In the face of dwindling fossil fuel reserves such as those of coal and oil, scientists are at pains to generate electricity by harnessing the temperature difference between the oceans' surface and the deep waters. The sun bestows heat energy to the oceans, land and the atmosphere. It is estimated …

Bangla will never export natural gas

Bangladesh natural gas is not for export, now or in the near future.That's the word from both Prime Minister Hasina Wajed and Opposition leader Khaleda Zia. In separate interviews with reporters late on Monday, the two leaders disagreed on every thing except the need for Bangladesh to keep its natural …

Dabhol shuts plant after tube leakage

The Enron-promoted Dabhol Power Company(DPC) has shut down its power plant, bringing trial runs to a halt. This follows a 'condenser tube' leakage. DPC has postponed the date for its 'performance test', said reliable sources.

Lunar data support idea that collision split Earth, Moon

Analysis of data from NASA's Lunar Prospector spacecraft has confirmed that the Moon has a small core, supporting the theory that the bulk of the Moon was ripped away from the early Earth when an object the size of Mars collided with the Earth. Scientists presented this result and other …

Spain's Endesa spent 50 bln ptas to cut emissions

Spanish electricity firm Endesa said on Monday it had completed a programme to reduce sulphur dioxide gas and dust emissions from its power stations at a cost of 50 billion pesetas over four years. It said that these measure meant that Spain had now fulfilled its European Union commitments to …

No damage to ONGC rig

There has been no damage to the about Rs 150 crore rig-Sagar Ratna-owned by the ONGC in the recent fire at one of the gas fields in Mumbai offshore.The Minister for Petroleum and Natural Gas, Mr K. Ramamurthy, told the Lok Sabha in a suo moto statement that the site …

No damage to ONGC rig

There has been no damage to the about Rs 150 crore rig-Sagar Ratna-owned by the ONGC in the recent fire at one of the gas fields in Mumbai offshore.The Minister for Petroleum and Natural Gas, Mr K. Ramamurthy, told the Lok Sabha in a suo motu statement that the site …

NTPC awaits CEA nod for 500-mw Andhra unit

National Thermal Power Corporation(NTPC) is awaiting Central Electricity Authority's (CEA) techno-economic clearance for its proposed 500-mw seventh unit at Ramagundam, Andhra Pradesh.

Dabhol shuts plant after tube leakage

The Enron-promoted Dabhol Power Company(DPC) has shut down its power plant, bringing trial runs to a halt. This follows a 'condenser tube' leakage. DPC has postponed the date for its 'performance test', sadi reliable sources.

Action to restore normalcy at Mumbai gas field

The Union Minister for Petroleum and Natural Gas, Mr. V.K. Ramamuthy, today said that adequate action has been taken to restore normalcy in the B-121 Mumbai offshore gas field which caught fire due to leakage. The Minister was making a statement in Parliament on the recent fire in the field.

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