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Journal of Energy Issues in
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Power Generation |
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>
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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. <More>
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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