SBI seeks government help to salvage Rs 1 lakh cr gas plantsIn a letter to the finance ministry, SBI has sought an immediate policy intervention to revive gas-based plants worth about Rs 1 lakh crore...
Gas-based plants may get to sell power in spot marketPower companies have been demanding the government to restart the scheme as about 7,500-mw capacity is completely stranded while the rest i...
Stranded power units may get imported gas at subsidised ratesThe scheme will be similar to the one run between 2015-16 and 2016-17, based on financial support from the Power System Development Fund, s...
Gas allocation mechanism for power generation units in the worksIndia has currently nearly 25,000 mw of operational gas-based capacity, all of which is stressed because of gas unavailability.
Rs 1,600 crore gas auction for 24GW plants to begin tomorrowWhile the government will offer Rs 1,400 crore subsidy for SGPs, the DGPs will be offered Rs 200 crore to buy imported gas to run their pla...
Rs 1,600 crore gas subsidy auction for 24 GW plants on March 15Power plants rarely use costly imported LNG as electricity produced from the fuel would cost much more than that from a domestic coal-fuell...
Gas subsidy auction for power plants likely in few weeksThe third reverse e-auction to provide subsidy to buy gas for running stranded power projects and those operating at sub-optimal level is l...
GMR Energy arm starts 768MW power plant operation in Andhra PradeshWith e-bid RLNG Scheme, the 768MW power plant can now operate at 50 per cent Plant Load Factor (PLF), thereby generating 384 MW.
R-LNG e-auction will revive stalled gas-based projects: ReportThe recent e-auction of regasified liquefied natural gas (R-LNG) will revive stranded gas-based projects but improving domestic gas availab...
Online auction for imported gas supply to idle power plants kicks offCompanies including GMR Energy, GVK Industries, Ratnagiri Gas and Torrent Energy figure among the technically qualified bidders.
Lanco, GVK Power, GMR to take part in e-auction todayThe power ministry received bids from gas-based power plants with combined stranded capacity of 8,000 megawatts, seeking subsidy under the ...
Gas-based power plants with 8,000 MW capacity bid for fuel subsidySources said the e-auction will be for stranded power plants, and the same for units receiving sub-optimal domestic gas will be held on May...
E-auction for allocation of imported regasified liquefied natural gas to begin on May 12Regasified LNG imports can light up 9,000 mw of stranded power plants.
Significant depreciation of rupee to benefit private upstream oil companies: ICRAMajor weakening of Indian rupee over June 2013 to Sept 2013 will impact financials of upstream cos that will get reflected from Q2 FY14.
- Auto Gas costlier by Rs 2/KG in Delhi & NCR, rate hike for Household Consumers imminent
IGL has, however, spared the household consumers using piped natural gas (PNG).
- BRICS upgrades Petronet LNG to ‘ADD’
MUMBAI: BRICS has upgraded Petronet LNG to ‘ADD’ as the valuations have become attractive in the stock after the recent fall in price.
- Essar Steel seeks refund of Rs 366.74 cr from oil PSUs
Essar Steel has filed a fresh application in the Supreme Court seeking refund of around Rs 366.74 crore paid to state-run oil companies in ...