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INDIA
• The Municipal Corporation of Delhi (MCD) has prosecuted 142 people after holding them responsible for mosquito breeding in different parts of the city. Cases have been registered against them
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True growth is about overcoming hard challenges
IN THE developed world, conducting business today is also about being environmentally accountable. Governments have imposed stringent regulatory measures. Multilateral bodies have created mandatory codes of conduct, which boardrooms must pay heed to. Inve
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In short
NHPC EERS: An Assam-based NGO, River Basin's Friends, has filed a petition in the Supreme Court against the National Hydroelectric Power Corporation (NHPC). The petition claims that while
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Landfill emissions poison breastmilk
After finding high levels of dioxin related compounds in breast milk of women living near landfills, a Vadodara based non governmental organisation intends to file a public interest litigation PIL against the Gujarat Pollution Control Board and the Vado
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First geothermal plant
india's first geothermal minor hydel power plant tapping energy from natural hot water springs would be soon installed in Tatapani village of Chattis garh. "This is for the first time in India that
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NEWS SNIPPETS
• Thailand has proposed that it will ban all alcohol advertising, outraging media executives who say the ban would hurt the industry and do little to curb alcohol abuse. • At least three
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Simple yet efficient
Grassroots innovations are often better than high tech equipments, shows a new geyser
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BG wants to buy stake in ONGC's oil, gas blocks
BG group of the UK is keen on picking 25-30% stake in state-run Oil and Natural Gas Corp's (ONGC) Krishna Godavari and Mahanadi basin deepsea oil and gas exploration blocks off the east coast. BG has expressed interest to take 30% interest in KG basin Block KG-DWN-98/4, which ONGC had won in the first round of auction under New Exploration Licensing Policy (NELP) and 25% in Mahanadi basin Block MN-DWN-2002/2 that the state-run firm had won in NELP-IV. "We have approached the government for approval of the farm-in,' a company official said.
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CNG prices down by Re 1 per kg
Finally, there is some respite for CNG users in Ahmedabad and Vadodara. Barely a month after hiking prices by 14 per cent, Adani Energy has decided to partially roll-back prices from Friday midnight. The company has decided to reduce CNG prices by Re one per kg, which means that CNG will be sold at Rs 28 per kg now. State-owned gas distribution company Hindustan Petroleum Corporation Ltd (HPCL) has also decided to slash prices by Re one. S Tamprapani, senior vice president, Adani Energy Ltd confirmed the rollback in gas prices. Earlier this month, Adani had jacked up CNG prices by Rs 3.5 per kg.
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BHEL bags Rs 1,150-cr HPCL-Mittal contract
State-run Bharat Heavy Electricals Ltd (BHEL) on Monday announced it has bagged a Rs 1,150 crore turnkey contract for setting up an energy-efficient 153-MW captive power plant at Bhatinda in Punjab. The Rs 1,150 -crore order has been placed on the company by HMEL, a joint venture of HPCL and Mittal Energy Ltd. "Under international competitive bidding (ICB), the company won the contract to set up environment-friendly 153-MW captive power plant at the upcoming Guru Gobind Singh Refinery at Bhatinda,' a company release said.
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GSPC hits big' gas at KG basin yet again
GUJARAT State Petroleum Corporation has discovered another gas reserve in the hydrocarbon-rich Krishna Godavari (KG) basin, on the eastern coast. The company, however, is very tight lipped about the size of the discovery. The gas discovery was made in the new well of deepwater block of KG 22. The company recorded gas flow at the rate of 27.3 million cubic feet per day through a choke of 28/64 inches. GSPC managing director D J Pandian told ET, "We have again discovered gas. The flow rate is good. The size of the discovery could only be ascertained after the testing results.'
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Methane drive
New fuel for Kolkata vehicles kolkata may soon become the first city in India to have vehicles running on methane if a deal between Oil and Natural Gas Corporation (ongc), a private gas distribution company, and the West Bengal government goes through. ongc and Calcutta Compressions and Liquefaction Engineering, a Kolkata-based company, signed a memorandum of understanding on July 10
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Coal shortage hits power generation
ANGUL: Power generation at the 3000-MW NTPC power plant at Kaniha has been hit due to coal crisis even as Mahanadi Coalfields Limited claimed to have supplied 99 per cent of coal demand of the plant in the current month. The power plant, second biggest in India, provides power to 17 states, including four southern states.
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Shenhua group likely to invest $1.5 billion on Thar Coal
A Chinese state-run company, Shenhua Group Corporation, which had rolled back its plan in 2006, is likely to invest $1.5 billion for setting up 1,000 Megawatts coal-fired plants, it is reliably learnt. The Sindh government had started re-establishing contacts with the Chinese firm and was giving assurances that no hindrance would be put in place in the project, sources told Business Recorder.
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PGCIL to invest Rs 9,000 crore
The Power Grid Corporation of India Limited (PGCIL) will invest about Rs 9,000 crore in the State for developing power evacuation facility. In the first phase, the central PSU will construct 765 KV sub-stations at Jharsuguda and Angul with an estimated cost of Rs 6,000 crore for evacuation of power from the new power plants coming up there. The projects are expected to be operational
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Major markets to get biogas plants
THIRUVANANTHAPURAM: Keeping its word on reducing the waste heaps at Vilappilsala treatment plant, the Corporation has decided to set up biogas plants in major markets in the city. The step is as part of the decentralisation of waste treatment, which is one of the main focus areas of the final-year programmes envisaged by the present Council.
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NTPC top IPP in Asia
The state-run thermal power major NTPC Ltd has been ranked the No.1 Independent Power Producer (IPP) in Asia and No. 10 in overall performance among the energy companies in Asia, by Platts, a division of the reputed McGrawHill companies. Globally, the PSU major has been adjudged number two Independent Power Producer and No 73 in overall performance. The award was received by Mr A.N.
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NTPC builds warchest to generate 75,000 MW
India's largest power company NTPC plans to invest a massive Rs 2,25,000 crore in the next seven years in capacity expansion to become a 75,000-MW entity, company's chairman, Mr R. S. Sharma, said. NTPC, which has a production capacity of a little over 30,000 MW annually, constitutes 19 per cent of the country's total installed capacity of 1,55,000 MW.
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RIL may power into nuclear energy biz
MUKESH Ambani-promoted Reliance Industries (RIL) may foray into nuclear energy after being freed from a non-compete agreement with the Anil Dhirubhai Ambani Group (ADAG) that barred it from investing in some businesses, including power.