Dedicated Freight Corridor Corporation of India Limited (DFCCIL) is expected to invite bids for the procurement of plant and equipment for maintenance of railway track and electric overhead equipment (OHE) for the dedicated freight corridor […]
The Ministry of Railways (MoR) signed MoUs with the Telangana, Chhattisgarh, Andhra Pradesh and Kerala governments to form JV companies. According to the MoU, each JV company will have 51 per cent stake held by […]
Telenor India has commercially deployed Huawei’s GSM solution in 28 cities across six operating circles. The technology implementation is part of the operator’s initiative which involves the modernisation of 25,000 network sites. The solution uses […]
Developers of hydroelectric projects (HEPs) aggregating over 15,000 MW and entailing an aggregate investment of Rs 1,538 billion have approached NHPC Limited to either take over these projects or form joint operational ventures. These projects […]
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has initiated suo motu proceedings against Uttar Pradesh Power Corporation Limited (UPPCL) over the procurement of expensive power. The commission noted that UPPCL signed PPAs for around 5,056 […]
Reliance Power Limited (RPower) has written to the Andhra Pradesh government seeking to exit the 4,000 MW Krishnapatnam ultra mega power project (UMPP). RPower stated that the project cannot be taken forward owing to cost […]
The Central Electricity Regulatory Commission (CERC) has issued draft Terms and Conditions for Exchange of Energy Savings Certificates Regulations, 2016. The draft regulation outlines the mechanism for the issue and exchange of energy savings certificates […]
The Cabinet Committee on Economic Affairs (CCEA) has approved the allocation of linkages (or award of letters of assurance) for non-regulated sectors (including cement, steel/sponge iron and aluminium) through the auction route. The framework lays […]
The union cabinet has approved amendments to the Tariff Policy, 2006. The amendments focus on four broad areas – electricity for all, efficiency to ensure affordable tariffs, environment for a sustainable future, and ease of […]
Coal India Limited (CIL) will conduct the third round of special forward e-auction for distressed power generators during February 16-18, 2016. In the upcoming auction, CIL would offer coal to power producers that do not […]
The Gujarat government announced the Ship Recycling Policy, 2015 on January 19, 2016. The policy has been framed by the state government and the Gujarat Maritime Board keeping in mind environmental and eco-friendly measures that […]
The central government has granted infrastructure status to the shipbuilding industry. This is expected to reduce borrowing costs and will enable shipyards and domestic manufacturers to get long-term loans for 20-25 years, as well as […]
The Maharashtra state cabinet passed a revised State Port Development Policy on January 25, 2016. The new policy lays emphasis on integrated port development by increasing inland connectivity through road, rail and water transport networks. […]
The second liquid chemical berth at Mumbai port was inaugurated on January 13, 2016. The project involved the construction of a second berth for handling various grades of bulk liquid chemicals and specialised POL cargo […]
The Western Quay-6 berth at Visakhapatnam port commenced commercial operations on January 13, 2016. The project was undertaken by Alba Asia Private Limited, a JV of ABG Ports Private Limited and Louis Dreyfus Armateurs SAS, […]
During the first 10 months (April-January) of the fiscal year 2015-16, major ports handled 499.23 mt of traffic, compared to 483.01 mt in the corresponding period of 2014-15, registering an increase of 3.36 per cent. […]
OVL has entered into an agreement with the Republic of Equatorial Guinea for cooperation in the upstream hydrocarbon sector in Africa. Under the MoU, Equatorial Guinea will cooperate with OVL to explore potential investment opportunities […]
Sudan has offered ONGC Videsh Limited (OVL) three more oil and gas blocks for exploration and production and invited Indian firms to set up a coastal refinery to boost fuel supplies within Africa. The move […]
The Oil and Natural Gas Corporation (ONGC) has secured environmental clearance for drilling 45 development wells and setting up other related infrastructure, entailing a cost of over Rs 530 billion in the Krishna-Godavari (KG) basin […]
The MoPNG has sought Rs 150 billion from the Centre to build the second phase of strategic petroleum reserves in a cost-effective manner, given the declining global crude oil prices. India uses strategic storage reserves, […]
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