Crude oil production during February, 2017 was 2797.26 TMT which is 5.37% lower than target and 3.40% lower when compared with February 2016. Cumulative crude oil production during April, 2016 - February, 2017 was 32918 TMT which is 2.58% and 2.84% lower than target and production during corresponding period of last year respectively.
The Government has approved a new scheme to provide financial assistance or capital subsidy to small powerloom units, for installation of Solar Photo Voltaic (SPV) plant, in order to alleviate the problem of power cut and shortages faced by decentralized powerloom units in India.
The Cabinet Committee on Economic Affairs has given its approval for marketing and pricing freedom to the Coal Bed Methane (CBM) Contractors to sell the CBM at Arm's Length Price in the domestic market. While discovering the market price for Arms Length Sales, the Contractor has to ensure a fully transparent and competitive process for sale of CBM with the objective that the best possible price is realized for the gas without any restrictive commercial practices.
NTPC has started power generation from India’s largest floating solar power plant at Kayamkulam in Kerala, on 10 March, 2017. The 100 kWp floating solar generation plant, largest of its kind in India, was indigenously developed at Rajiv Gandhi Combined Cycle Power Plant (RGCCPP) in Kerala’s Kayamkulam district.
Union Cabinet has given its ex-post facto approval to the Memorandum of Understanding (MoU) between the National Productivity Council, an autonomous body under the Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, and Al Etihad Energy Services UAE, to provide various services in the field of energy management and conservation.
The Ministry of Power, Government of India is hosting the 13th Executive Committee (ExCo) Meeting of the International Smart Grid Action Network (ISGAN) at POWERGRID Corporate Center, Gurugram. This is the first ever Executive Committee Meeting of ISGAN being held in India and would have multiple sessions on 6th, 7th and 9th March, 2017.
The Government of India and the State of Sikkim have signed a Memorandum of Understanding (MOU) under the Scheme Ujwal DISCOM Assurance Yojana (UDAY), for operational improvement of the State’s Power Distribution Department. With the signing of MoU, the total number of States covered under UDAY has reached twenty-two. Sikkim would derive an Overall Net Benefit of approximately Rs. 207 crores through UDAY by way of cheaper funds, reduction in AT&C and transmission losses, interventions in energy efficiency, etc. during the period of turnaround.
The Cabinet Committee on Economic Affairs has approved an investment for generation component of Arun-3 HEP (900 MW) for an estimated cost of Rs. 5723.72 crore at May 2015 Price Level. The completion period of the project shall be 60 months from the date of financial closure which is planned for September this year. Ex-post facto approval for the existing implementing agency, already incorporated in the name of SJVN Arun-3 Power Development Company (P) Limited (SAPDC) registered in Nepal as a 100% subsidiary of SJVN Limited for implementing the project.
Mytrah Energy has signed pacts for 2,000 MW of renewable power projects worth INR 13,000 crore in Andhra Pradesh. The MoUs were s ignedin the presence Chief Minister N Chandrababu Naidu at the Partnership Summit held in Visakhapatnam.
Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal presided over a bilateral meeting with the Japanese delegation led by H.E. Mr. Hiroshige Seko, Minister for Economy, Trade and Industry, Government of Japan. The meeting took place on the side-lines of the 7th India-Japan Energy Forum, 2017 in New Delhi.