Transparent policies in India for investment in energy: Pradhan
PTI Seeking to provide affordable energy to the Indian consumers, the government has introduced transparent policies through the deregulated market for global players to invest in refineries and petrochemical plants, Oil and Petroleum Minister Dharmendra Pradhan said here today. Launching a road show which offers 67 discovered small fields, clustered into 46 contract areas, for production and supply of oil and gas to the Indian market, he said India is seeking global investors for its energy sector to create competition in the domestic market with the main objective of providing competitively priced products to the consumers. "Consumers are the kings in India. We want to provide affordable energy to our consumers," Pradhan said, stressing that participation by big energy players like Saudi ...
Govt should not delay halting coal plant expansion
The Dollar Business Bureau Mentioning that the International Energy Agency (IEA) reiterated its stand that coal-powered plants are the contributors to air pollution, Greenpeace India on Monday said the government should not postpone its plans for halting expansion of coal-powered plants. “It is clear that India needs an aggressive shift to clean energy now. There should be no delay in implementing the thermal power plant emission standards and halting the expansion of coal-based power. This is the only way to keep our air quality within breathable limits and reduce premature deaths," said Sunil Dahiya, Campaigner, Climate and Energy, Greenpeace India. Dahiya said that the government should immediately take steps to come in line with the three IEA recommendations - create a determined long-term target for air pollution ...
Modi meets oil bigwigs to give fillip to investments
The discussions focused on "subjects such as increasing the share of gas in India's energy mix, fresh investment in oil and gas exploration in India, regulatory frameworks, international acquisition of oil and gas assets among others Source: PTI Prime Minister Narendra Modi will hold talks with top leadership of Malaysia on ways to ramp up bilateral cooperation in areas including defence and security. The two sides are likely to sign a number of MoUs. Prime Minister Narendra Modi on Tuesday interacted with global oil and gas experts including BP Group CEO Bob Dudley and International Energy Agency (IEA) Executive Director Fatih Birol to discuss ways of boosting investments in times of low oil prices. "The interaction which lasted over two hours also included ...
India to come up with new National Energy Policy
The Dollar Business Bureau India is set to become the main driver of the global energy demand from 2020s and is in the middle of transformation mainly driven by the energy sector. In this regard, ‘What matters to India, will matter to the world and that’s the reason we are focusing on India in 2015,’ says Fatih Birol, Chief Economist, International Energy Agency (IEA). The IEA Chief Economist was addressing a workshop on ‘India Energy Outlook’, which was jointly organised by the IEA and National Institution for Transforming India (NITI) Aayog, with the support of The Energy and Resources Institute (TERI). In his address, the IEA economist said, ‘India needs $100 billion to meet its growing energy demand and ...
