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DGTR for Safeguard Duty on Solar Panel Imports

Date : Jul 18, 2018

The Directorate General of Trade Remedies (DGTR) on Monday recommended imposing a safeguard duty for two years on solar cells and modules imported from China and Malaysia, in a move that may impact India’s solar power generation plans.

 

DGTR, which functions under the commerce ministry, has recommended a safeguard duty of 25% for the first year, followed by a 5% reduction for the first six months of the second year to 20%. A duty of 15% has been recommended for the last six months of the second year.

 

“If such a duty is levied, it will impact solar power tariffs by 15-30%,”...

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Iran and Germany to Develop Downstream Ties

Date : Jul 22, 2015

In the wake of the lifting of international sanctions, Iran is set to dramatically increase its downstream dealings with Germany, according to Iran’s ambassador to Germany Ali Majedi.

 

Germany is sending a high ranking...

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Iran Offers India $8bn Worth Projects

Date : Jul 21, 2015

Iran has offered India $8 billion worth of infrastructure projects, including a stake in developing the strategic port of Chabahar, the country’s ambassador to New Delhi has said.

 

New Delhi wants to use the...

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Indian Oil to Invest Rs 10 Bn to Raise Stake in CPCL

Date : Jul 21, 2015

Indian Oil Corporation Ltd will invest Rs 10 billion for raising stake in Chennai Petroleum Corporation Ltd by subscribing to preferential issue. 

 

Shareholders of CPCL have decided to increase...

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Indore Smart City Project Awaits Centre’s Approval

Date : Jul 21, 2015

The Madhya Pradesh Government is waiting final clearance from the Central government to develop Indore smart city. The city will be developed on a 300-acre non-processing area of Indore special economic zone (SEZ). The state government has applied to...

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Work on Damaracherla Power Plant to Begin Soon

Date : Jul 21, 2015

Works on the 4,400 MW super critical thermal power station being set up by the Telangana State Generation Corporation (TSGenco) at Damaracherla in Nalgonda district is likely to take off soon with the agency getting environmental clearance for the...

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Seychelles Launches Renewable Energy Initiative with Masdar

Date : Jul 21, 2015

Seychelles has launched a renewable energy initiative in collaboration with the UAE’s Masdar Company to establish new wind and solar energy projects to secure future domestic needs of the...

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KBR Wins Award for Sadara Chemical Project

Date : Jul 20, 2015

KBR, a global technology, engineering, procurement and construction company serving the hydrocarbons and government services industries, said it had received an award from Hydrocarbon Processing for its work on the Sadara Chemical Project in...

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Reliance to Resign Two Gas Discoveries off East Coast

Date : Jul 20, 2015

Reliance Industries (RIL) has decided to relinquish two gas discoveries off the east coast and opted to carry out government prescribed confirmation tests to retain three other finds. Accepting a government offer to conduct Drill Stem...

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HSIL Ltd to Expand Rajasthan Facility, On Course to Set Up Plant in Gujarat

Date : Jul 20, 2015

Hindustan Sanitaryware & Industries Limited (HSIL) is in expansion mode as it continues to expand its manufacturing capacity in Rajasthan while bracing up to set up another manufacturing unit in Dahej in Gujarat with an outlay of...

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GAIL India Seeks Bids to Sell 0.37 Million Tons US LNG: Sources

Date : Jul 17, 2015

GAIL Limited is the largest state-owned natural gas processing and distribution company in India, has invited bids to sell 0.37 million tons of liquefied natural gas annually for 20 years, two sources said on...

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GAIL to Spend Rs 7.55 Billion to Create Gas Grid in Varanasi

Date : Jul 17, 2018

GAIL, the government-owned pipeline company, said it will spend Rs 7.55 billion to put in place a gas pipeline grid in Varanasi, Narendra Modi’s Lok Sabha constituency. The grid, which has been inaugurated, will cover an area of 1,535 sq km, it added. About 0.1 million households are likely to be covered in the project. Work on the project had started in late 2016. Piped Natural Gas (PNG) connection work for 8,000 houses has been completed which are expected to be connected by March 2019.   About 800 km of steel and MDPE pipelines will be laid in the city as part of the project. Steel pipeline has already been laid for 28 km and medium density p...

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Precision Drilling Bags Kuwait Rig Contract

Date : Jul 16, 2018

Canada’s Precision Drilling Corporation said it was awarded a five-year contract for a new build drilling rig in Kuwait.

 

The take or pay contract has an optional one year extension for the rig which...

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Dewa to Award $3bn Contracts for 85 New Substations in 3 years

Date : Jul 16, 2018

The Dubai Electricity and Water Authority (Dewa) is set to award contracts worth Dh11.4 billion ($3.1 billion) for the construction of 85 new 132/11kV substations and six 400/132kV substations over the next three...

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ACME Bags 600 MW Solar Power Project at SECI

Date : Jul 16, 2018

ACME bags 600 MW Solar PV capacity in the reverse auction held on 02.07.2018 invited by SECI for 2000 MW solar power tender.

 

Solar Energy Corporation of India (SECI) invited solar tenders with cumulative...

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DMRC to Get Green Power from Rewa Solar Plant in Two Months

Date : Jul 16, 2018

The Delhi Metro Rail Corporation (DMRC) will start getting green power from the Madhya Pradesh-based Rewa Ultra Mega Solar Ltd (RUMSL) in the next two months, the first project in the country to supply power to an inter-state open...

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Axens Wins Contract to Optimize SATORP Aromatics Complex Performance

Date : Jul 13, 2018

SATORP (Saudi Aramco Total Refining and Petrochemicals Company) has selected Axens to evaluate, develop, and implement an Advanced Process Control (APC) system for its aromatics complex ParamaX producing high purity Paraxylene and benzene....

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Toyo Renews General Engineering Service Contract to Support KJO

Date : Jul 13, 2018

Toyo Engineering Corporation agreed the third renewal of General Engineering Services Agreement (GESA) original contract valid in 2002 with Al-Khafji Joint Operations (KJO) who operates Khafji and Hout Oil Fields located in...

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Bajaj Hindusthan to Sell 17.51% Stake in Group's Power Firm LPGCL

Date : Jul 13, 2018

Bajaj Hindusthan Sugar plans to sell its entire 17.51 per cent stake in the group firm Lalitpur Power Generation Company Ltd (LPGCL), estimated to be worth Rs 1,100 crore.

 

The company had invested Rs 770...

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Solar Power Tariff Jumps to Rs 3.48 Per Unit in 1 GW UP Auction

Date : Jul 13, 2018

Higher land prices have pushed the solar power tariff to Rs 3.48 per unit in the 1 Gw capacities auction conducted by Uttar Pradesh New and RenewableEnergy Development Agency (UPNEDA), according to a source. 

The Rs 3.48...

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EGA Set to Commission Taweelah Refinery

Date : Jul 11, 2018

Emirates Global Aluminium (EGA), a leading industrial company in the UAE, has received its first shipment of bauxite ore in preparation for the commissioning of its under-construction Al Taweelah alumina...

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