News Updates

The Kozhikode district panchayat in partnership with the Kerala SEB is planning to set up solar power in 25 government high schools. The project priced at Rs.2.50 crore aims to encourage attempts of domestic power generation and will supply excess power generated for the KSEB grid for profit. On completion of the trial run, the project will be considered for further extension to other government schools.

Azure Power has commissioned a 150 MW solar power plant in Punjab - the largest such project in north India spread across 713 acres, according to an official statement.

Greenko Energy is set to acquire an Indian hydro power unit from Abu Dhabi´s TAQA for Rs 650 crore. Abu Dhabi National Energy Company, popularly known as TAQA (´energy´ in Arabic), operates the near-complete 100 MW Sorang project in Himachal Pradesh.

State oil firms have spent 90 per cent of this fiscal´s capital expenditure in the first nine months, with ONGC Videsh, Oil India and Indian Oil Corporation having exceeded their annual targets already.

After selling its stake in KG gas block to ONGC for $1.2 billion, Gujarat State Petroleum Corp (GSPC) is mulling a big financial restructuring including trimming stake in some business like LNG and portfolio readjustment, its Managing Director JN Singh said. The Gujarat government firm, which is saddled with nearly Rs.20,000 crore of debt, has a large gas trading business, gas transmission pipelines and city gas busines

India is set to play a bigger role in shaping the energy policies of the Middle East due to its growing hunger for oil.

Reliance Industries Ltd has written down Rs.39,570 crore in value of its oil and gas assets including the flagging KG basin D6 block and US shale gas projects, in view of change in accounting policy.

In the first investment decision since N Chandrasekaran named as the Tata Group chief, Tata Realty and Infrastructure Ltd is taking 10 per cent stake in a Rs.5,900-crore floating LNG import terminal being set up by Nikhil Merchant-led Swan Energy in Gujarat.

Leveraging decades of digital automation expertise, Emerson has launched its ´Operational Certainty´ program in India to help industrial companies achieve top performance in safety, reliability, production and energy management. Operational Certainty is a technology and engineering-based program designed to help industrial companies achieve top performance and recover more than $1 trillion in operational losses globally.