The world’s largest solar steam system was inaugurated by the New and Renewable Energy Minister, Farooq Abdullah, in Shirdi. This can generate 3,500 kg of steam every day - enough to cook food for 20,000 people.
 
The solar system has been designed for cooking food for devotees ...

Reliance Natural Resources Ltd of Reliance ADAG group has reported an increase of 7.4% in its net profit to Rs.17.2 crore for 2009-2010 Q1 when compared to Rs.16 crore in the like period last year.
 
Total income increased 24% to Rs.115.4 crore from Rs.92.9 crore.

Reliance Power has reported a net profit of Rs.100.56 crore for 2009-2010 Q1 as against Rs.59.7 crore reported in the like period last year.
 
The total income has increased to Rs.144.24 crore from Rs.77.67 crore.
 
The company posted a consolidated net profit of Rs.263 crore for the ...

Power Grid Corp, the national electricity grid operator has reported an increase in profit by 78.81% to Rs.546.61 crore in the first quarter of 2009-2010 from Rs.305.69 crore in the like period last year.
 
Total income of the company grew 24.9% to Rs.1,822.32 crore for Q1 of 2009-2010 from ...

The first public offering of shares will be made by state-run NHPC from August 7 with the price band of Rs 30-36 a share. The IPO is being issued for raising up to Rs 6,048 crore. This will be the first stake sale by a PSU in over a year after Rural Electrification Corporation went public in ...

According to Prithviraj Chavan, the Minister of State for Earth Sciences, India's per capita energy consumption was "the lowest" in the world and the nation "can defend its interests".
 
Chavan, addressing a gathering on Earth Sciences Foundation Day at Vigyan Bhavan in ...

Government has plans to set up a new company to oversee and implement energy efficiency schemes and reduce transmission losses.
 
The company, Energy Efficiency Services Ltd (EESL), will be a joint venture with equity participation of 25% from NTPC, PowerGrid Corp, Rural Electrification Corp ...

A major part of the energy will be generated from solar power.
 
"We are going to make an announcement in the next 30-60 days. It will be a billion dollar initial investment on photo-valtics," said Ameet Shah, co-chairman of Astonfield Renewable Resources. Photo-valtics technology ...

The wind energy major Suzlon has plans for raising about  $201.91 million by issuing global depository receipts (GDR) and zero coupon convertible bonds. In a statement, Suzlon said it planned to raise $108 million through the global depository receipt route comprising 14,600,000 shares at ...

According to Minister of State for Environment and Forests Jairam Ramesh, India and the US have agreed on "concrete partnerships" in the area of energy efficiency.
 
"I want to say that both sides have agreed on the need of partnerships, concrete partnerships, on projects in ...

In order to become a full-fledged power plant equipment manufacturer, engineering and infrastructure firm BGR Energy Systems has approached a Japanese steam turbine manufacturer for a tie-up.
 
Confirming the development, an official told: "Discussions are on and we may have to visit ...

The rising cost of crude oil could now threaten the world's recovery from its worst economic crisis since World War II, and governments are starting to get worried.

The price of crude oil has been exceptionally volatile in the last year. It has nearly doubled since January, topping $70 per ...

Te following are some of the suggestions put forward by Budget 2009-10 for the petrochemical and energy sector of India. 


Domestic oil prices have to be in sync with world crude oil prices
National gas network to be set up
Expenditure for Assam Gas Project increased
...

Neyveli Lignite Corp (NLC) has plans to bid for ultra-mega power projects (UMPPs), an entry into wind and hydro power generation, and to develop coal blocks under public-private partnership. The company has a capacity to mine 24 million tonnes of coal per annum (MTPA) and to generate 2,490 MW of ...

Mining-cum-power company Neyveli Lignite Corp (NLC) is planning to enter hydel, wind and nuclear power generation, a top official said here Saturday.
"We are interested in setting up a 1,000-MW hydel power project in Uttarakhand partnering with the state government. We will also get into wind ...

The World Bank will extend a $180-million (Rs.900-crore) loan to India for upgrading its polluting coal-fired power plants and bringing down carbon emission, it said on Friday.

"The project, which is expected to lower carbon emissions and boost power production at these plants, is ...

India’s first indigenously designed fast breeder reactor, expected to function at Kalpakkam, Tamil Nadu by 2010 is approaching towards another milestone. The reactor’s main vessel would be lowered into the safety vessel, shortly. The first milestone of lowering the safety vessel into ...

Steel baron Lakshmi Narayan Mittal is keen on selling half of his stake in a Kazakhstan oil field to state-run ONGC Videsh Ltd to tide over severe financial constraint. Mittal Investment Sarl, a subsidiary of world's largest steel firm ArcelorMittal, had acquired 25 per cent stake in Caspian ...

The Central Government on Thursday (9th April) launched the country's biggest auction of oil and gas exploration blocks offering 70 zones for bidding to domestic and international companies under its eighth round of the New Exploration and Licensing Policy (NELP-VIII). Along with this the ...

Oil and Natural Gas Corp Videsh Ltd (OVL), Reliance Industries and Indian Oil Corp (IOC) are coming together for the first time, to bid jointly for a vast oilfield in Venezuela. It is learnt that, the project will require an investment of $ 16-18 billion. OVL, the overseas arm of ONGC, is talking ...

Expanding its arms in Indian nuclear market, GE Hitachi Nuclear Energy on Monday (23rd March) announced that, it has signed preliminary agreements with state-owned firms Nuclear Power Corporation of India Ltd (NPCIL) and Bharat Heavy Electricals Ltd (BHEL) to build reactors. With this agreement, ...

Union external affairs minister Pranab Mukherjee will lay the foundation stone for 1,000-MW Tuticorin thermal power plant today (February 28). The thermal power will be owned by NLC Tamil Nadu Power Ltd which is a joint venture between Neyveli Lignite Corp's (NLC) and Tamil Nadu Electricity Board ...

The National Thermal Power Corporation (NTPC) and Nuclear Power Corporation of India Limited (NPCIL) have signed a Memorandum of Understanding (MoU) to execute joint venture (JV) project in nuclear power production. S. K. Jain, Chairman and Managing Director of NPCIL and R. S. Sharma, Chairman ...

GMR and Lanco have filed proposal for an imported coal based 1,600-mw power project at Dhopawe in the coastal district of Ratnagiri in Maharashtra. The project envisages an investment of over Rs 6,400 crores.
 
Along with GMR and Lanco, other qualified bidders were Reliance Power, Tata ...

India and France are all set to join hands in the area of clean coal technologies, Minister of State for Power and Commerce Jairam Ramesh said on Wednesday (4th February). The technological cooperation envisages a significant role for French companies in India’s energy sector.
 
While ...

Next week the Orissa government will hold discussions with the Centre to decide on its share in the two proposed mega thermal power plants proposed to be set up by NTPC in the state. Official sources informed this to the media.
 
The decision to hold a discussion within a week or 10 days was ...

French energy major Areva will sign a Memorandum of Understanding (MoU) with the state-owned Nuclear Power Corporation of India Limited (NPCIL) next month. The MoU to be signed is for setting up two nuclear reactors in Maharashtra.
 
The next month MoU is the follow up to the ...

China has pipped India to sign a 30-year agreement to import natural gas from fields lying in Myanmar offshore where India’s state-owned companies have 25% stake.
 
China’s state oil and gas firm China National Petroleum Corp (CNPC) last week signed a Gas Sales Agreement with ...

Energy explorer Cairn India Ltd (CAIL.BO) said on Monday (22nd December) it had made oil and gas discovery near its existing field in the western Indian state of Rajasthan.
 
The company, a unit of Britain's Cairn Energy Plc (CNE.L), said it was yet to determine the reserves but the well had ...

GMR Group plans to buy 100-150 million tonnes capacity coal mine in Indonesia to feed 1,500 megawatt power generation capacity for 20 years. The deal is likely to strike within three months.
 
The company has plans to set up a 1,000 to 1,500 megawatt coal fired thermal power plant on the ...