Search Result for : Ministry Of Power

The Dollar Business Bureau Coal India Ltd has set a target to produce one billion tonnes of coal, said Union Minister of State, independent charge for Coal and Power, Piyush Goyal, on Wednesday. The target before the Ministry of Coal and CIL to attain one billion of output is very much challenging, he said. Goyal was addressing the media at the Korba district headquarters in Chhattisgarh, when he stated that the level of power shortage in the country came down to 2.1% from the previous 4.2%. He also participated in a series of programmes held in Korba as a part of Vikas Parv, which was a month-long event marked to celebrate two years of successful completion of Prime Minister Narendra Modi led government. Korba, ...

The Dollar Business Bureau Coal India Limited announced that it has entered into an agreement with state-run power company NTPC Ltd. for revival of its two fertilizer plants. According to the deal, the 50-50 joint venture between Coal India and NTPC will establish and operate new fertiliser (ammonia urea) complex at Gorakhpur in Uttar Pradesh and Sindri in Jharkhand units of the Fertiliser Corporation of India Limited (FCIL). The joint venture will also market FCIL’s products. "The Ministries of Coal and Power directed CIL and NTPC to enter into joint venture for revival of these projects and hence a JV agreement was signed between the two companies," CIL said in an announcement. During the meeting held at the Prime Minister’s office, both Coal and ...

The Dollar Business Bureau Agriculture in India utilises around 18 percent of the overall electricity consumed. In order to deal with energy security, implement country’s climate commitments, to ensure food security and tackle with water problems, India has to take into consideration power efficiency in irrigation. “Keeping this issue in mind, the European Union (EU) has come up with financial and policy experts and European businesses to help India achieve energy efficiency in agricultural demand side management,” said Tomasz Kozlowski, Ambassador, EU delegation to India. “The cooperation between India and the EU will support policy dialogue, bring business solutions, best practices, and combined research and innovation as well as look at the models to finance clean energy and climate change,” said Kozlowski while ...

The Dollar Business Bureau India is willing to import a minimum of 70-80 mmscm (million metric standard cubic metres) of natural gas from global exporters for its gas-based power plants, if the country is able to get long-term gas at ‘affordable’ rates, said Piyush Goyal, Minister of State for Power, Coal and Renewable Energy. “The Government of India is ready to procure at least 70 to 80 mmscmd of natural gas from worldwide suppliers if they are willing to supply long-term at affordable rates. This will enable the country to operate its idle gas-based power plants,” said Goyal, while speaking at a conference on ‘The Future of Electricity’ held in New Delhi. “We will adopt newer technologies to make our coal-based power creation cleaner and ...

The Dollar Business Bureau Augmenting the country’s existing power capacity, the Ministry of Power, GoI, on Sunday announced that it has revived 9 stranded gas-based power plants. “Government is delighted to announce the revival of 9 stranded gas based power generation plants with an installed capacity of 5942 MW, which were successfully bid through a transparent and competitive reverse e-auction process….” “These plants would generate 6.79 billion units of electricity which will be supplied at or below Rs 4.70 per unit to the purchaser Discoms during the period from 1st April 2016 to 30th September 2016,” the Ministry said in an official release. Plants termed as preferred bidders were allocated 7.62 MMSCMD e-bid Re-gasified LNG(RLNG).  The auction that concluded on Sunday ...

Union Minister Piyush Goyal is leading a delegation for the 3rd India-Australia Energy Security dialogue in Australia. The Dollar Business Bureau On Tuesdya, the Indian minister met Queensland Premier and said that India is running the worlds largest renewable energy expansion programme and would welcome cost competitive supply of gas from AustraliaIndia is willing to consider long-term fixed price contracts for the supply of gas from Australia to ensure power for all at affordable price, Union Minister of State for Coal, Power and New and Renewable Energy Piyush Goyal has said. Goyal is leading a delegation for the 3rd India-Australia Energy Security dialogue in Australia. On Tuesdya, he met Queensland Premier Annastacia Palaszczuk and said that India is running the worlds largest ...

The Dollar Business Bureau The Ministry of Power, Government of India, on Wednesday, informed about the Government of India’s move to encourage the private sector participation in boosting the power sector of the country. With a view to encourage and allow participation of private sector in building the power transmission capacity in India, the Government of India notified 14 power transmission schemes worth Rs 33,900 crore during 2014-15 period, said the Ministry of Power, in its latest release. These schemes will facilitate ways for the transfer of power from new Hydro electric projects in Bhutan and the generation linked projects in Chhattisgarh and Odisha, among others. These projects include 765 KV and 400 kV transmission system strengthening schemes/programmes in the ...

The Dollar Business Bureau In a move towards development of road and highway infrastructure in the country, the Government of India is mulling to raise road projects worth over Rs 3 lakh crore this year and is also keen on more than doubling highway construction to 30 km per day. An information in this regard was said to have been given by Nitin Gadkari, Union Minster of Roads & Highways, Government of India, on Wednesday. The Minister further informed that the innovative funding plans are being mulled to raise over Rs 3 lakh crore, in order to give a fillip to the road sector of India. Stating that the pace of road construction was 2 km per day when the ...