IEA sees gas glut lasting until 2020

LONDON, Nov 9 (Reuters) – Global oversupply of gas is set to rise above 200 billion cubic metres (bcm) next year and capacity is likely to exceed demand for another 10 years, despite rising...

Power Grid gets USD 1.7bln on opening day

On the first day of its secondary sale of shares India’s largest transmission company Power Grid Corp received around Rs 77 billion (USD 1.7 billion) worth of bids The Further Public Offering (FPO) of...

3i India to pay Rs 1,200 cr for 21% in GVK Energy

GVK Power and Infrastructure (GVKPIL) has signed an agreement with 3i India Infrastructure Fund to lead an investment of Rs 1,200 crore for a 21.1% minority stake in GVK Energy, a wholly owned subsidiary...

Haryana to have 24-hour power supply by 2012-13

Chandigarh, Nov 8 : Haryana will be able to supply power round the clock by 2012-13 as the State government is implementing an ambitious plan to increase generating capacity to bridge the gap between...

BSE Sensex down; Power Grid; Coal India decline

The BSE Sensex edged 0.4 percent lower on Monday, on profit-taking after it rose near its all-time intra-day high in early trade. State-run Power Grid Corp fell nearly 6 percent after the electricity transmission...

RPower, US Exim Bank in $5-bn deal

New Delhi: Reliance Power, the Reliance Anil Dhirubhai Ambani Group’s power firm, has sealed a $5- billion (nearly Rs 22,000 crore) funding deal from the US Export Import Bank for its gas-based and renewable...

Power Grid Corporation — FPO: Invest

Investors with a three-four year horizon can consider subscribing to the follow-on public offer of Power Grid Corporation. PowerGrid, the central transmission utility, wheels more than half the total power generated by power utilities...

India may sign pact on clean energy

After the nuclear sector, the focus for the United States is India’s [ Images ] clean energy. In a step towards this direction, a government-to-government agreement to promote clean energy in India will be signed...

Power Thefts Cost India Rs 45k crore in2009-10

MUMBAI: India’s power revolution seems to have run out of steam due to transmission and distribution losses. The country is losing a huge quota of power to faulty distribution networks and power theft every...

Reliance Power, Chinese firm ink $8.3-bn deal

Reliance Power and Chinese power equipment maker, Shanghai Electric (SEC) on Thursday signed an $8.29 billion agreement here for supply of 36 coal-fired plants that would have a combined capacity of 24,000 mw, in...

Panel to study PPP model in power distribution

NEW DELHI: Seeking to give a new push to reforms in the power sector, the Planning Commission on Tuesday announced constitution of an expert group headed by B. K. Chaturvedi, who looks after the...

Delhi gears up to host global renewable energy meet

A three-day Delhi international renewable energy conference 2010 (Direc 2010 ) will begin on October 27. The theme of the conference is ‘upscaling and mainstreaming renewables for energy security, climate change and economic development.’...

Finland’s solution for India’s power woes

The ministry of renewable energy resources headed by Farooq Abdullah is taking a close look at various proposals made by a Finish delegation led by Paavo Vayrynen, Minister for foreign trade and development. The...