PB Jayakumar / Mumbai June 16, 2009, 0:39 IST

Ambani brothers given one month to come up with

The time has come to rationalise energy taxes

As India continues its struggle to find alternative energy sources to cope with the growing energy demand, it is looking aggressively at cbm (coal bed methane) gas as a source of clean, thermal energy, that is known for its easy inflammability. India currently consumes 140,000 mw of electricity per year, about 55 per cent of which is thermal-based and derived from coal.

Given the current developments in the natural gas sector, especially with the Petronet LNG terminal under implementation in Kochi and scheduled to become operational by 2011, it looks more prudent to think of a gas-based thermal power plant at Kasargod, instead of the proposed coal-based one, says an expert in the field.

Ajay Modi / New Delhi May 27, 2009, 0:53 IST

Central exchequer likely to earn revenues worth Rs 4,400 crore

The government is likely to double the price of natural gas sold through the administered price mechanism (APM) to $4.2 per million metric British thermal unit (mmbtu), which is equivalent to the price that Reliance Industries is getting for its K-G basin gas.

Kalpana Pathak / Mumbai May 26, 2009, 1:20 IST
In discussions with Iran, Pakistan

The Indian government, said a senior official, wishes to take talks foward on the $7 billion Iran-Pakistan-India gas pipeline project.

This was a day after Iran and Pakistan were reported to have signed on the pipeline agreement.

Atul Aneja
DUBAI: Iran has said it is ready for India