To revamp the global energy business, and to overcome geopolitical complexities and financing problems that plague global energy projects, India has proposed multilateral funding mechanism.In a European Commission energy meet, the power ministry said that India will support global initiatives that strengthen mutual energy security and suggested that international organizations,...

June 17, 2009Indian power ministry has visited Norway, to study their power exchange and power marketing system, integrated grid operation, and energy efficiency initiatives, with plan to set up power stock exchange in northeastern states which has the potential to generate 59,000 MW or about 40 percent of the country's...

New Delhi-based NGO Centre for Science and Environment recently released a study which shows that sugar mills and windmills both produce about 2 GW of energy, but sugar mills do it at half the cost. The study indicates, sugar mills are proving to be one of India’s best potential sources...

06.29.09Board of directors of Suzlon Energy Ltd has agreed for investment-raising, around US $1.04 billion (Rs 50 billion) through the issue of equity, debt or other instrumentsThe board has also approved raising the investment limit by foreign funds to 49 percent from 24 percent now.

Work on the India-US civil nuclear energy deal is well on track and talks are on with fuel vendors, Atomic Energy Commission chief Anil Kakodkar said recently."It (the deal) is moving and we are talking to the (fuel) vendors," Kakodkar told reporters recently.Preparatory work had started on nuclear energy-based projects...

Countries such as India that are dependent on imports to meet their oil needs are particularly vulnerable to price volatility. It's thus no wonder that the country has been a strong supporter of a price band for crude oil.India’s year-old suggestion of an oil price band to reduce volatility in...

New analysis from Frost & Sullivan ( Strategic Analysis of Oil and Gas Sector in India, finds that the output of the Indian oil and gas sector was 184.3 million tonnes oil equivalent in 2008 and expects this to reach 339.6 million tonnes oil equivalent in 2015.Given that India does...

In February Emami Biotech agreed to supply 250kl of biodiesel per month to Calcutta Tramways India Emami Biotech is planning to extend its biodiesel sales in Calcutta with the introduction of mobile biodiesel dispensing units.The company has applied for approval from various authorities, and initially plans to launch two to...

Hindustan Petroleum Corporation Ltd (HPCL) will invest Rs 614 crore in the two sugar mills it had bought in Bihar to manufacture ethanol, which will be blended with petrol. HPCL had last year taken the two closed sugar mills from the Bihar government on a 60-year lease for Rs 95...

Recently, Southern Railway announced plans for a large scale biodiesel plant near the site of its present pilot facility at the famous Perambur Locomotive Works in Chennai (Madras), where India's biodiesel journey began.The new plant will be the first of many to be sited at rail hubs throughout the country....