17 June 2017

Thermal power plants are facing the heat from wind energy, prompting the regulator in Karnataka to order distribution companies to stop signing any power purchase agreement (PPA) with wind electricity suppliers until further notice.

In an April 25 letter to Rajneesh Goel, additional chief secretary with the energy department of Karnataka, the Karnataka Electricity

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16 June 2017

After years of stonewalling, India is poised to open up its nuclear liability cover to equipment suppliers, with GE and Westinghouse showing interest in taking insurance from the pool.

“We are seeing interest from global nuclear suppliers to buy the policy to cover their liabilities,” said Alice Vaidyan, chairman and managing director, General

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16 June 2017

An association of petrol pump dealers has asked state oil companies to defer their plan to daily revise prices of petrol and diesel from June 16 as the filling stations are not prepared for it.

Indian Oil Corp, Hindustan Petroleum and Bharat Petroleum plan to switch to daily price revision from the current practice of fortnightly review to align rates with

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16 June 2017

India’s crude oil import bill could jump a quarter in 2017-18 on estimates of higher average oil rates after a price collapse sharply brought down payments in the previous two years.

The value of crude import could rise to $88 billion this year from $70 billion in 2016-17, according to the oil ministry’s estimate. In rupee terms, it could rise 22% to Rs 5.75 lakh crore.

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16 June 2017

The decision by Indian motor-fuel companies to revise prices everyday wouldn’t financially hurt retailers, state-run Hindustan Petroleum said Monday, seeking to address concerns that the move would inflate administrative costs for the dealers.

Executives at state-run oil companies plan to meet petrol pump dealers Tuesday to explain the benefits of daily

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15 June 2017

The government is close to resolving the problem of stressed power assets with genuine issues of finance, fuel or clearances, power, coal, renewable energy and mines minister Piyush Goyal said on Monday.

“We are close to resolution of stressed thermal power projects soon where developers are not wilful defaulters or there are no significant

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15 June 2017

ONGC and the Directorate General of Hydrocarbons (DGH), the upstream oil and gas regulator, have told an official probe panel that they had no prior knowledge that the reservoirs of the state-run company and Reliance Industries in KG Basin were connected, three people aware of the development told ET.

The A P Shah committee that last year probed the allegations

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15 June 2017

The government may be pushing for aggressive expansion in renewable energy capacity, but companies face delays in payments, which are sometimes as much as a year, from state-run power distribution companies, said Rahul Shah, chief executive officer and executive director of Tata Power Renewable Energy.

The renewable energy arm of Tata group's power

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