Oil block bid round under revamped rules almost flops, gets 8 bids for 7 blocks

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By The Economic Times

India’s offer of seven oil blocks on revamped licence terms attracted just eight bids from state-owned firms including six single bids in the latest licensing round ignored by both private and foreign companies.

The Directorate General of Hydrocarbons (DGH) in a statement said state-owned Oil and Natural Gas Corporation (ONGC ) bid for all the seven blocks while Oil India Ltd (OIL) put in an offer for one block at the close of bidding on Thursday. The block in Rajasthan saw competition from ONGC and OIL but the five in Madhya Pradesh and one in West Bengal saw single bids from ONGC, DGH said.

“Seven onland blocks were on offer (in the fourth round of Open Acreage Licensing Policy) with an area of approx 18,500 sq km,” DGH said. Read More

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Source:: Oil block bid round under revamped rules almost flops, gets 8 bids for 7 blocks

      

Global Bio CMO Market to 2023: Surging Pharmaceuticals Outsourcing Rate / Capacity Utilization Rate of CMO Industry / Growth in Mammalian Cell Structure

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DUBLIN, Nov. 1, 2019 /PRNewswire/ — The “Global Bio CMO Market: Size, Trends & Forecasts (2019-2023 Edition)” report has been added to ResearchAndMarkets.com’s offering. Global Bio CMO Market: Size, Trends & Forecasts (2019-2023 Edition), provides analysis of the global bio CMO market,…

Source:: Global Bio CMO Market to 2023: Surging Pharmaceuticals Outsourcing Rate / Capacity Utilization Rate of CMO Industry / Growth in Mammalian Cell Structure

      

Tata Power Renewable Energy Limited to develop 150 MW for Tata Power – Distribution

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By equitybulls

Tata Power, India’s largest integrated power company, announced that Tata Power Renewable Energy Limited (TPREL), the Company’s wholly owned subsidiary, has received a Letter of Award from Tata Power – Distribution on 31 October 2019 to develop 150 MW of solar project. The Power Purchase Agreement (PPA) will be executed upon approval and adoption of tariff by Maharashtra Electricity Regulatory Commission.

The energy will be supplied to Tata Power – Distribution (Tata Power – D) under a PPA, valid for a period of 25 years from scheduled commercial operation date. TPREL has won this capacity in a bid announced by Tata Power – D in August 2019. The project has to be commissioned within 18 months from the date of execution of the PPA.

Speaking on this achievement, Mr. Praveer Sinha, CEO & MD, Tata Power, said, “We are proud to announce that TPREL has been awarded 150 MW Solar Project by Tata Power – D. We are delighted to contribute towards the realisation of our country’s commitment towards clean and green energy through solar power generation.” Read More

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Source:: Tata Power Renewable Energy Limited to develop 150 MW for Tata Power – Distribution

      

AP’s power pacts a matter of concern: ReNew Power chief

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By ET Energy World

ReNew Power, the first renewable energy company in India to commission over 5,000 MW of capacity, is still worried about the situation in Andhra Pradesh, where power purchase contracts face uncertainty even after a court order, chairman Sumant Sinha said.

Sinha told ET he has doubts about the situation in Andhra Pradesh, where it is building 700 MW of projects, after chief minister Jaganmohan Reddy tried to review wind and solar energy contracts.

Although the high court had directed the state’s distribution companies not to curtail power purchases and to clear pending dues, the predicament continues, Sinha said.

“The situation in Andhra Pradesh is as bad as it was earlier. The Andhra government is not basically being cooperative on any of these issues. Read More

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Source:: AP’s power pacts a matter of concern: ReNew Power chief

      

More IRCTC luxury trains coming soon! Indian Railways to offer rail officials inspection saloons to passengers

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By Financial Express

IRCTC luxury saloon trains! In a bid to regulate the use of the colonial era-style carriages as well as to generate additional revenue, Indian Railways has decided to convert as many as 200 saloons into 10 luxury tourist trains.

The trains will be run by the Indian Railway Catering and Tourism Corporation (IRCTC). According to a source quoted in a PTI report, initially conceived as inspection cars, the saloons are used by officials of Indian Railways to visit far-flung areas. These saloons consist of two bedrooms, a pantry, a toilet, a lounge, and a kitchen which are built to facilitate stay for up to five days.

While some saloons will still be kept for use of railway officials for inspection, 200 saloons will be handed over to IRCTC and will be operated as luxury tourist trains. After conversion, around ten such trains can be put into service for public use. Read More

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