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Power tariff policy will tone up sector
March 2016
The new national power tariff policy approved by the Union Cabinet is a step forward in power reforms. The sector needs reforms in all areas of production, distribution and consumption.
CILs loss-making units to adopt 2007 pay revision
November 2015
Loss making subsidiaries of Coal India Ltd have been given permission to adopt 2007 pay revision, as an exception to the prescribed affordability clause and payment of Performance Related Pay (PRP), to executives and non-unionised supervisors of all subsidiaries of CIL.
Centre approves national policy on offshore wind energy
October 2015
In a move aimed at boosting renewable energy development in the country, the Union Cabinet has approved the National Offshore Wind Energy Policy to boost renewable energy in the country.
India, Mozambique ink MoU for oil, gas cooperation
January 2015
India and Mozambique have signed a memorandum of understanding (MoU) for cooperation in the oil and gas sector for a period of five years, the petroleum ministry has said in a statement.
Cabinet gives nod to Rs 7,300 cr PowerGrid FPO
November 2013
A proposal for a follow-on public offer (FPO) of Rs 7,300 crore in Power Grid Corporation of India (PGCIL), later this financial year, has been cleared by the Union Cabinet on November 7. Power Grid is India's largest power transmission company. This will include the raising of 13 per cent fresh equity by the company and a four per cent stake sale by the government.
Cabinet gives nod to Rs 7,300 cr PowerGrid FPO
November 2013
A proposal for a follow-on public offer (FPO) of Rs 7,300 crore in Power Grid Corporation of India (PGCIL), later this financial year, has been cleared by the Union Cabinet on November 7. Power Grid is India's largest power transmission company. This will include the raising of 13 per cent fresh equity by the company and a four per cent stake sale by the government.
Scindia to seek gas price capping for power sector
September 2013
The Union Power Ministry will seek the Union Cabinet's approval for fixing the price of gas at $5 per mmBtu (million metric British thermal unit) for the power sector, the Union Power Minister Jyotiraditya Scindia has said.
Scindia to seek gas price capping for power sector
September 2013
The Union Power Ministry will seek the Union Cabinet's approval for fixing the price of gas at $5 per mmBtu (million metric British thermal unit) for the power sector, the Union Power Minister Jyotiraditya Scindia has said.
Wind power sector seeks generation-based incentive
July 2013
Wind power sector in the country is anxiously awaiting the Union Cabinet nod for generation based incentive, a move that will accelerate the implementation of projects. Union Finance Minister P Chidambaram had announced that the wind power units will be extended generation based incentive. This is yet to be implemented.
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