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Azure Power’s Revenue Increases by 40% to $35 Million in Q3 of FY2019

Date : Feb 15, 2019

Azure Power has announced its consolidated results for the third quarter ending December 31, 2018.

 

The total revenue in the third quarter of FY19 stood at ₹2.430.8 million ($34.9 million) which was up 40 percent, an increase of ₹690.9 million ($9.9 million) from the same period in 2017. The increase in the generated revenue was primarily driven by the projects commissioned since last year, according to the company. New solar projects drove Azure Power’s Revenue Up by 22% to $30.7 Million in Q2 2019.

 

Its adjusted EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization...

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Tellurian and Petronet Sign MOU for Equity Investment in Driftwood

Date : Feb 15, 2019

Tellurian Inc. announced today that it has signed a Memorandum of Understanding (MOU) with Petronet LNG Limited INDIA (PLL) wherein PLL is exploring the possibility of investment in the Driftwood project, which includes a proposed liquefied...

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Petrol, Diesel Become Costlier on Thursday

Date : Feb 15, 2019

After a gap of two consecutive days, state-controlled oil marketing companies hiked retail fuel prices on Thursday. After today's rate revision, petrol became dearer by 6 while the diesel price was raised by 5 paise per liter across...

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QP Signs 5-Year Sale Agreement for Naphtha Supply to Marubeni Corporation

Date : Feb 15, 2019

Qatar Petroleum, for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has concluded a 5-year sales agreement to supply Japan’s Marubeni Corporation an annual total of 200,000 metric...

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New Saudi PPP Law to Boost Renewable Energy Projects

Date : Feb 15, 2019

With new regulations such as the PPP (public-private partnership) law in Saudi Arabia, an increased number of PPP projects will get off the ground around the region, with a growing focus on renewables, transportation,...

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Basrah Gas Company to Increase Capacity by 40%

Date : Feb 14, 2019

Shell has reportedly announced that the Basrah Gas Company (BGC) has taken a “final investment decision (FID)” on its growth programme, which will increase BGC’s capacity by 40...

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Saudi's Salman Energy Park Signs Strategic Deals

Date : Feb 14, 2019

King Salman Energy Park (Spark) has signed strategic agreements with Saudi Customs and Saudi Industrial Development Fund, according to a report.

 

HRH Prince Mohammed bin Salman bin Abdulaziz, Crown Prince,...

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Sunpower Corp Seeking Partner for its Solar Panel Making Business

Date : Feb 14, 2019

SunPower Corporation is seeking a strategic partner for its solar panel manufacturing business, an arrangement that could allow it to expand the U.S. factory it acquired last year, Chief Executive Tom Werner said on...

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Mideast Refining, Petchem Experts to Gather for ME-TECH in Abu Dhabi

Date : Feb 14, 2019

High ranking officials and decision-makers from the refining and petrochemical sectors will take part in a major downstream event taking place in Abu Dhabi this month.

 

The prestigious Middle East Technology...

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NDA Pins Hopes on Flagship Ujjwala Scheme to Return to Power

Date : Feb 14, 2019

The National Democratic Alliance (NDA) government is banking on its marque schemes such as the Pradhan Mantri Ujjwala Yojana (PMUY), which provides free cooking gas connections to poor families, to put it on a home run in the general...

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DEWA to Seek Partners to Build Solar-Powered Desalination Plant

Date : Feb 15, 2019

Dubai will seek partners this year to build its first solar-powered desalination plant as the emirate tries to diversify away from burning fossil fuels to increase its water supply, the head of the Dubai Electricity and Water Authority said.   The plant, using reverse osmosis technology, will have capacity to produce 120 million gallons a day of drinkable water by 2024, Chief Executive Officer Saeed Mohammed Al Tayer said in Dubai. DEWA is also developing a reservoir to hold as much as 6 billion gallons of water reserves, and the utility currently stores about 700 million gallons, Al Tayer said at the World Government Summit in Dubai.   Dub...

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Kuwait's NRP Budgeted at $15.85bn

Date : Jul 23, 2015

Kuwait’s Supreme Petroleum Council has endorsed a request to sharply increase the budget for a new refinery after most of the bids exceeded initial estimates, the oil minister said...

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Oman Steps Up Hydrocarbon Exploration in Block 60

Date : Jul 22, 2015

Oman Oil Company Exploration and Production (OOCEP) has reported continued progress in exploring the hydrocarbon potential of its Block 60 concession in central Oman, a report said.

Block 60, a roughly...

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Kochi-Salem LPG Pipeline Project Gets Environment Clearance

Date : Jul 22, 2015

The Union environment ministry has cleared the Kochi-Salem LPG pipeline project. The project aims setting up a 100km pipeline from Kochi BPCL refinery through Coimbatore, Erode till Salem at a cost of Rs.1,000 crore. The project is...

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NIOC Hits Back at Iran MPs

Date : Jul 22, 2015

National Iranian Oil Company (NIOC) has struck back at a group of lawmakers who have complained about the marginalization of Iranian companies in the petroleum industry projects.

 

NIOC released a lengthy...

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TPDDL Commissions 66KV GIS Sub-Station

Date : Jul 22, 2015

Tata Power Delhi Distribution (TPDDL) commissioned its maiden 66 kV gas insulated switchgear (GIS) sub-station at Prashant Vihar, Rohini on 20 July 2015.

 

According to the company, the sub-station was...

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Construction Begins on Iran-Pakistan Gas Pipeline Project

Date : Jul 21, 2015

Energy-starved Pakistan has started construction work on its 700 km pipeline to import liquefied natural gas from China.

 

Minister of Petroleum and Natural Resources Shahid Khaqan Abbasi said the project will...

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German Firm Wins Contract to Deliver Compressor Trains to PDO

Date : Jul 21, 2015

German engineering firm MAN Diesel & Turbo (MDT) has won a contract to deliver eight compressor trains to increase natural gas extraction as part of Petroleum Development Oman's (PDO) Rabab Harweel Integrated...

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With Iran N-Deal, an Undersea Gas Pipeline to India Holds Promise

Date : Jul 21, 2015

The Iran nuclear deal could see not just more imports of Iranian crude to India, the lifting of Western sanctions now holds the promise of kick-starting an undersea pipeline project that would bring Iranian gas to India via the Arabian Sea, bypassing...

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DEWA Announces Financial Close for the Mohammed bin Rashid Al Maktoum Solar Park – Phase II

Date : Jul 21, 2015

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) stated, further to the signing of PPA on 26th March 2015, DEWA is happy to announce the successful Financial Close for 200MW IPP Phase II...

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Pakistan Prepares to Proceed with Iran Pipeline Project, says Abbasi

Date : Jul 20, 2015

The removal of economic sanctions on Iran will clear the way for Pakistan to pursue an ambitious gas pipeline for eventually importing up to $2.5 billion (Dh9.18 billion) worth of Iranian gas annually, says Pakistan’s petroleum...

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