News Analysis - Oil, Energy & Power Generation



Journal of Energy Issues in India

Power Generation

  • 1. Reliance and Nova Talk JV (March 19, 2007)
    Reliance Industries (RIL) Group is apparently talking to USD 6.5 billion U.S. based plastics and petrochemicals major Nova Chemicals about a joint venture (JV) that would include product swaps and infrastructure sharing.<More>

  • 2. Toshiba-L&T in Power Generation (March 13, 2007)
    Japanese conglomerate Toshiba Corp said it is talking to Larsen and Toubro (L&T) Ltd to start a joint-venture to make equipment specifically for and create new coal-fired power generation plants.<More>

  • 3. Essar Looking at Minor Stake in Libyan Oil (March 12, 2007)
    The Essar Group is looking to pick up a minor stake of 20 per cent in Phoenix Libya, oil and gas field, with rights to increase stakes to 50 per cent.<More>

  • 4. Suzlon Buys REpower for €1.02B (March 12, 2007)
    World's fifth largest wind turbine marker Suzlon Energy outbid French Areva offer by 20 per cent to buy Germany-based REpower Systems on an all-cash deal worth €1.02 billion along with Portugal's largest builder Mota Engil.<More>

  • 5. Essar Negotiating 20% Stake in Libyan Oil Field (March 05, 2007)
    The Essar group is negotiating with Phoenix Libya (a subsidiary of Phoenix AG) to buy 20 percent stake with rights to buy up to 50 per cent in an oil and gas field in Libya and also plans to take oil and gas blocks in Iran, Papua New Guinea, and Libya.<More>

  • 6. BG-ONGC $1B Investment in KG (March 05, 2007)
    British major BG Group Plc and Indian major Oil and Natural Gas Corporation (ONGC) announced plans to invest USD 1 billion in the Krishna Godavari basin oil and gas block.<More>

  • 7. PowerGrid to Raise Rs. 3800 Cr Debt (February 27, 2007)
    The Power Grid Corporation of India Limited (PGCIL) is planning to raise Rs. 3,800 crore (USD 863 million) through debt instruments such as bonds and loans during the fiscal year 2007-2008.<More>

  • 8. ONGC Gets 24 of 52 NELP VI Blocks (February 09, 2007)
    India approved 52 oil and gas blocks and and the Oil and Natural Gas Corporation (ONGC) bagged 24 of them.<More>

  • 9. Russia Supports Natural Gas Cartel Idea (February 05, 2007)
    Russia has proposed a gas producing cartel idea from Iran along the lines of the oil producing cartel so natural has exporters can come under a banner to control output to keep prices at higher levels.<More>

  • 10. IPI Agreement Closer to Reality (January 31 , 2007)
    As US-Iran relations nosedived over accusations of meddling over Iraq and Tehran’s nuclear program, India, Pakistan, and Iran seemed to have agreed on a price to transport natural gas to India over the Iran-Pakistan-India pipeline project.<More>

  • 11. Personality-Neutral Relations with Iran (January 23, 2007)
    In an act of militant defiance in response to the second US aircraft carrier USS John C. Stennis into the Persian Gulf, Iran tested short range Zalzal and Fajr-5 missiles ostensibly to evaluate “defensive and fighting capabilities of the missiles.” <More>

  • 12. Stronger Pitch in Sakhalin Bid (January 17, 2007)
    Responding to Russian President Vladimir Putin’s invitation of a higher Indian participation in his country’s energy sector, Indian oil major Oil and Natural Gas Company (ONGC) may tie-up with Russian firms for a larger bid in Sakhalin-III project. <More>

  • 13. Russia to Scale Back Oil Output (January 11, 2007)
    Citing “problems in transiting crude across Belarus,” Russian President Vladimir Putin urged Cabinet colleagues to lean on oil companies to explore “the possibility of scaling down extraction of oil” and hinted at diverting oil transit routes away from Minsk.<More>

  • 14. Biogas Innovations Promising (January 09, 2007)
    Ashden Awards extended to “organizations which have carried out truly excellent, practical, yet innovative schemes demonstrating sustainable energy…at a local level” has come to many Indian organizations.<More>

  • 15. YSR’s Electricity Sops (January 04, 2007)
    Andhra Pradesh (AP) Chief Minister Y.S. Rajasekhara Reddy (YSR) said that his government will absorb the additional cost burden of electricity incurred because of purchases from federal pools at a higher cost.<More>

  • 16. Belarus-Russia Gas Conflict (January 02, 2007)
    Allies Russia and Belarus seem to be heading for a stalemate over the price of gas that can plunge Europe into gas shortages if supplies are halted by Russian company Gazprom and affect its living and businesses.<More>

  • 17. Energy Concerns & Alternatives (December 25, 2006)
    As India’s economy grows at a breathtaking 9.1% its hunger for energy to sustain this growth is higher and though per capita energy consumption is relatively low, its energy use is expected to surpass Russia and Japan to be the third largest consumer of energy by 2030.<More>

  • 18. India OK to Pay More for Iranian LNG (December 19, 2006)
    India announced that it is considering paying a higher price of up to USD 4.50 per million British thermal units (BTU) for Iranian Liquefied Natural Gas (LNG) and close a long-term supply deal to fuel its fast growing economy.<More>

  • 19. NE Power to North (December 08, 2006)
    The central transmission utility under the Power Ministry Powergrid Corporation is launching a critical power transmission project that will connect power rich North East, estimated at 50,000 megawatts, with power starved rest of India.<More>

  • 20. Iran’s Proposed Price Rejected (November 29, 2006)
    In rare unity, India and Pakistan have rejected a proposal by Iran–appointed consultant with new pricing for the USD 7 billion Iran-Pakistan-India pipeline project because “certain parameters given by Iran, was not acceptable to India and Pakistan.”<More>

  • 21. India’s Faltering Energy Strategy (November 23, 2006)
    Gearing for the future, India is formulating a policy for development of Natural Gas Pipelines for cities and on November 16, met with a number of prospective providers including Exxon Mobil, BG, Shell, RIL, ADAG, TERI, BP ( India ), and Oil PSUs.<More>

  • 22. Manufacturing, Agri, Power Key to GDP Growth (November 09, 2006)
    While the Gross Domestic Product (GDP) growth in Tenth Financial Plan ending March 2007 is the highest growth ever achieved in a 5 year period, the rate of growth is expected to be lower than the projected 8% at 7.2% because of slowdown in manufacturing sector.<More>

  • 23. ONGC-ALPS MoU for LNG JV (November 09, 2006)
    The Oil and Natural Gas Corporation (ONGC) and Ashok Leyland Projects Services Ltd. (ALPS) have signed a Memorandum of Understanding (MoU) to create a joint venture (JV) to cooperate on liquefied natural gas (LNG) exploration and sourcing.<More>

  • 24. Improved Thorium Reactor Next Year (November 08, 2006)
    The Bhabha Atomic Research Centre (BARC) said that its work on an improved heavy-water based reactor capable of generating 300 megawatts (MW) using thorium will be available sometime next year. When ready, the design will be adopted by the Nuclear Power Corporation (NPC) to generate 700 mw of power.<More>

  • 25. Russia-EU Energy Disagreement (October 23, 2006)
    Depending on over 25% of energy from Russia, the 25 EU nations are unable to agree on how to demand “predictability” in energy supply while balancing values and economic interests.<More>

  • 26. NE S&T Developments (October 17, 2006)
    In a sign that India recognizes the lack of development t in the North Eastern sates, it announced a slew of new projects for the region to ensure that the economic and social development happening in the rest of the nation reaches these remote areas.<More>

  • 27. Y-on-Y Industrial Growth Higher (October 13, 2006)
    An upsurge in manufacturing took cumulative industrial production from April-August to 10.6 compared to 8.7 last year and August saw a 9.7% rise compared to 7.6% but lower than July’s growth of 12.7% but analysts say that consumer demand has not slacked.<More>

  • 28. Indian Outward FDI Expansion (October 04, 2006)
    In further expansion of Indian business with outward foreign direct investment (FDI), Wipro announced the acquisition of a Swedish hydraulic company and Tata Power announced plans to set up plants in South Africa, Nepal, Vietnam, and Bhutan.<More>

  • 29. Reliance Opposes Open Bidding for Gas (September 29, 2006)
    Reliance Industries Ltd (RIL) has petitioned the Government not to institute competitive bidding for the valuation or sale of gas to avoid “inherent problems” and has instead asked for a crude-oil linked pricing along the lines that Iran had proposed to India.<More>

  • 30. An Ultra Mega Power Project in Jharkhand (September 29, 2006)
    A 4000 megawatt (MW) ultra mega project will be set up in Jharkhand making it the 9th of a series of such projects throughout the nation rising from the original 5Orissa Andhra Pradesh (AP)and Tamil Nadu (TN) wanted one each and got it.<More>

  • 31. NHPC to Start Inter-State Power Trading (September 28, 2006)
    With plans to become a 10,000 megawatt (MW) company by 2010 from current 3750 MW, the National Hydroelectric Power Corporation (NHPC) plans to start coal-fired units, inter-state trading of electricity, and revive proposals for units in Nepal and Bhutan.<More>

  • 32. ONGC’s Mangalore SEZ (September 22, 2006)
    The Oil and Natural Gas Corporation (ONGC) will invest Rs. 35,000 crore (USD 7.6 billion) in the Special Economic Zone at Mangalore to house a Liquefied Natural Gas (LNG) plant, a 15 million ton (mt) refinery, petrochemical plant, and power plant.<More>

  • 33. New Life to IPI Project? (September 20, 2006)
    After meeting Iranian President Mahmoud Ahmadinejad on the sidelines of the Non-Aligned Movement (NAM) Havana summit, Prime Minister Manmohan Singh said he is willing to rework the Iran-Pakistan-India (IPI) pipeline once the feasibility study is complete.<More>

  • 34. Energy Usage Patterns and Social Progress (September 14, 2006)
    India estimates that it will consume 70% more energy by 2030 and although it seeks to generate energy through other sources such as nuclear, coal, and renewable sources, about 60% of this will be from oil and natural gas.<More>

  • 35. India Not Working to Contain China (September, 07 2006)
    Foreign Secretary Shyam Saran asserted that India does not believe that a conflict between the US and China is inevitable and that India was not part of any design to contain China as the economic stake between the two was larg.<More>

  • 36. TN to Also Get a Mega Power Plant (August 30, 2006)
    The Federal Minister for Power Sushil Kumar Shinde revealed that he has in concept agreed to grant one mega power project capable of producing 4000 megawatt (MW) to Tamil Nadu (TN)
    in addition to the other 7 states<More>

  • 37. Grid Synchronized with Power from Bhutan(August 28, 2006)
    Power Grid Corporation of India Ltd (PGIL) announced that it has successfully synchronized the north, east, north-east, and western grids to allow free flow of electricity across one of the largest power grids in the world including carrying power from Bhutan.

  • 38. ONGC Proposes to Buyout Sakhalin-I (August 28, 2006)
    With the Iran-Pakistan-India and Myanmar-Bangladesh-India pipelines not making progress, the Oil & Natural Gas Corporation (ONGC) is proposing to buy the entire gas supply from the Russian Sakhalin-I field and import the gas as in liquefied form<More>

  • 39. ONGC Unveils Massive Investments (August 24, 2006)
    To fund expected growth, Oil and Natural Gas Corporation (ONGC) unveiled plans to invest Rs. 130,000 crore (USD 28.2 billion) from 2007-2012 in oil and gas exploration, overseas acquisition of captive resource assets, and expansion of infrastructure.<More>

  • 40. Consultant to Fix IPI Gas Rate (August 09, 2006)
    Disagreeing over the price of gas over the USD 7 billion 2100 kilometer Iran-Pakistan-India Pipeline, India, Pakistan and Iran agreed to try one last time to break the impasse by appointing an international consultant to recommend a pricing plan. <More>

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