Government's crackdown on delays in development of coal mines is set to spread to state-run entities.

Wants Waiver Of Green Nod To Cut Import

Says Discoms May Dump Projects As Higher Rates Will Increase Tariff Up To 7.5/Unit

New Delhi:The central power monitor has sounded alarm over the adverse impact of higher domestic gas price on power projects and pointed out gaps in the oil ministry’s gas pricing policy that could burn a bigger hole in consumers’ pockets for using electricity.

The federal auditor in 2011 accused RIL of violating the terms of contract for the KG-D6 block off the AP coast but did not talk about loss to exchequer or impact on gas price.

The CAG report on a special audit of RIL books for 2006-2008, when most major equipment and services were contracted, let RIL off the hook on artificially jacking up the cost of bringing the field into production.

To Pump In 2,500Cr, Remaining Funds Via Rights Issue, IPO Of Ireda Shares

With traditional power sector hamstrung by fuel shortage and climate change getting top billing at World Economic Forum summit in Davos, the government has lined up a Rs 5,000-crore, or $800 million, push to promote green energy capacity.

New Delhi: The government touted petrol as the rich man’s fuel to stop subsidy.

NEW DELHI: Coal India Ltd (CIL) has gone out of its way to sign fuel supply pacts with 11 companies, including alleged Coalgate beneficiaries, even before these firms reached the qualifying milestones such as acquiring land, the state-run monopoly's internal anti-corruption watchdog has said.

In a report to the coal ministry, a copy of which is available with TOI, CIL's CVO (chief vigilance officer) Manoj Kumar said supply pacts for 5,935 mw — or one-and-a-half times of the national capital's daily requirement — have either been inked or cleared for signing in spite of "deficiencies in documents".A fuel supply agreement (FSA) holds the key to disbursal of institutional funding for power projects.

NEW DELHI: Delhi surrendered its allotment of 2,083 mw, or more than half its current daily demand, from November 1 even as the city suffered widespread blackouts between second week of that month and continued till the first week this month.

While CM Sheila Dixit talked tough and ordered discoms to tie up supplies in advance to avoid similar outages in summer, senior state government officials blamed lower generation at state-run NTPC's power plant at Dadri as a result of fog disrupting rail service and delaying coal supply.

New Delhi:The oil ministry’s proposal for a dual pricing regime for diesel — having a market price for bulk consumers and subsidized rate at pumps — would work to the disadvantage of state-run fuel retailers and spark diversion.

The option is one of the suggestions made in the ministry’s response to recommendations for reducing deficit made by a finance ministry panel under former bureaucrat Vijay Kelkar.

Draft Report’s Estimate Of ‘Undue Benefits’ To Firms Is 6 Times 2G Loss