Oil ministry plans more legroom for explorers
The oil ministry is moving to remove areas of friction with explorers by giving them more legroom in meeting timelines set for various stages of exploring and developing oil and gas blocks. The changes outlined in the ministry's note for seeking Cabinet approval reflects oil minister M Veerappa Moily's desire to create a more conducive environment for investment by ushering in a more balanced approach towards dealing with delays and other issues reported by explorers.
OilMin seeks easier nod for licences
The Ministry of Petroleum and Natural Gas is taking precautionary measures to ensure companies do not give up oil and gas exploration blocks after the next round of New Exploration Licensing Policy (Nelp) bidding. Recently, mining giant BHP Billiton had surrendered nine of its oil and gas blocks in India because it was not getting defence ministry clearances.
Coal Regulatory Authority Bill likely in winter session
The Bill for setting up a coal regulatory authority is likely to be introduced in parliament in the upcoming Winter session, a top government official said. The winter session of Parliament will be held between December 5-20.
Draft guidelines on hydel projects local area fund issued
The Mumbai power ministry has issued guidelines on the local area development fund (LADF) of central hydro-electric projects, in order to meet the infrastructure and development needs of local population. These guidelines will be applicable to all central hydro-electric projects whose power allocation orders have been issued after 31 August 2008.
Govt steps up pace of talks with Japan on nuclear deal
The government is steadily accelerating negotiations with Japan on civil nuclear cooperation. The previous round of formal negotiations was on November 7-8. This was only a couple of weeks after a massive earthquake struck Japan´s east coast; a tsunami advisory was issued for the Fukushima area, where there was a notorious accident, in the wake of a quake, in early 2011
AP signs PPAs for 142 MW solar power
AP power utilities have entered into power purchase agreements (PPAs) with solar power developers for 147 MW and issued letters of intent (LoIs) for another 142 MW. The move comes after the state government decided to encourage private entrepreneurs to set up an installed capacity of 1,000 MW in solar power late last year.
PFC extends deadline for bidding of Odisha UMPP
Power Finance Corporation, the agency for implementing ultra mega power projects (UMPPs), has extended the deadline for the first UMPP in Odisha to 25 November from 11 November scheduled earlier. The 4,000 MW UMPP is coming up at Bhedabahal in Sundargarh district.
Madras High Court rules in favour of Gails Kochi-Mangalore pipeline
The Madras High Court ruled against the Tamil Nadu government's restraining order on the implementation of Gail's Kochi-Mangalore pipeline that passes through seven districts in the state. Their tussle started in April this year, when the state government issued a notification asking India's biggest natural gas distributor Gail to lay the pipeline.
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