Tata Group Company Tata Power announced that it is planning set up of a geothermal power plant and a solar power plant of 5 MW each at a suitable location in Gujarat. If the plans are successful, then the renewable energy portfolio of the company would get stronger by this move.
In a filing to the Bombay Stock Exchange, the company said, “Tata Power has entered into an agreement in this regard with the Gujarat government to explore the possibility of setting up a 5 MW geothermal power plant in phase I.”
The petroleum ministry has signaled that besides freeing fuel pricing from administrative control, the government on Thursday may cut petrol, diesel and domestic LPG prices.
According to an official working in the petroleum ministry, the Cabinet, which is planed to meet on Thursday, may reduce petrol price by Rs 5 a litre, diesel by Rs 3 per litre and domestic LPG by Rs 25 per cylinder, thus, giving relief to the common man and further easing inflationary pressures.
At the Vibrant Global Investers Summit 2009, Ahmedabad, Gujarat NRE Coke Ltd, country’s largest independent coke producer, announced that it is all set to invest around Rs 300 crores in Gujarat over the next 4 to 5 years.
The metallurgical coke producer said that it will invest Rs 12 billion in a 200 megawatt (MW) wind power project and Rs 10 billion in a 200 MW thermal power plant.
Gujarat NRE would also invest Rs 5 billion on adding additional capacity at its coke and coal preparatory plants and Rs 3 billion on a 60 MW heat-based power plant.
Moscow - Russia resumed supplies of gas to Europe on Tuesday as observer teams began measuring gas flows through Ukraine in an effort to mediate the ongoing standoff between Moscow and Kiev.
Ukraine's Naftogaz said it had received a fax from Gazprom informing it 76 million cubic metres of gas had been sent through the pipelines "at 10 am Moscow time" (0700 GMT), news agency Itar-Tass reported.
The Union Government is unlikely to take any action against the officers of oil PSU's who went on strike two days earlier. Their strike caused huge loss to national exchequer and crippled fuel supply across the nation.
The oil workers came back on work when Union Cabinet under the chairmanship of PM Dr. Manmohan Singh asked concerned ministry to deal them with heavy hand.
Petroleum Secretary, R S Pandey said, "Everyone has undergone a great deal of trauma, we have had a tough experience. I don't think you all should start finding fault. It is the time to look ahead to the future."
Mr. Pandey however said that no one should try to hold country to ransom.
Moscow - Russian President Dmitry Medvedev on Monday urged his Ukrainian counterpart to provide for gas experts to be quickly deployed to monitor gas flows to Europe - a key condition for Russian reopen the taps.
Medvedev, who spoke by phone with President Viktor Yushchenko late Monday, said Russia was ready to immediately resume negotiations on a new contract for gas shipments to Ukraine in 2009, the Kremlin said.