Daily Archive: August 15, 2013

Government to consider tax incentive for wind sector

After reinstating generation-based incentive (GBI) for the wind sector, government is likely to enforce a tax benefit scheme as well for the wind farm developers. Ratan Watal, secretary, ministry of new and renewable energy...

Coal trading soars as wage negotiations spook buyers

South Africa’s physical coal is trading higher than the equivalent European contract for the first time in six weeks, as unions in the world’s fifth largest exporter declared a dispute over wages and buyers...

Bengal firm to distribute power in Gaya

The Kolkata-headquartered DPSC has received a letter of intent for distribution and supply of electricity to Bihar’s Gaya and adjoining areas, according to a company statement. The company (formerly known as Dishergarh Power Supply...

Capex slowdown threatens to trip power firms

If the recent developments of low power deficit, reduced prices and improved fuel supply have made you think the power sector is headed for a turnaround, think again. Woes of the key infrastructure sector are far...

Power Grid should not be Central Transmission Utility: FICCI

Industry body FICCI has suggested that state-run Power Grid Corp should no longer be the ‘Central Transmission Utility’ as its present powers can lead to arm-twisting private players. Power Grid was conferred with the title of Central Transmission Utility in...

World’s best gas-yielding zone in Tripura: ONGC

The northeastern state of Tripura has perhaps the world’s highest success rate when it came to yielding natural gas, a top official of state-owned Oil and Natural Gas Corporation (ONGC) said Wednesday. “We are...

JinkoSolar posts first profit in nearly two years

JinkoSolar Holding Co Ltd (JKS.N) swung to a profit after seven quarters of losses due to demand from newer solar markets, making it the first Chinese solar panel maker to return to the black...