Energy Sector

IOC seeks 50:50 partnership in RIL's petrol pumps

Indian Oil CorporationState-run Indian Oil Corporation (IOC) has proposed a 50:50 partnership to operate 1432 closed petrol pumps of Reliance Industries (RIL), having 15 per cent fuel market share by the closing date of March 2008.

Other firms including Royal Dutch Shell, Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) have also shown interest in partnership with Reliance.

The private firm suffered huge losses in early 2008 due to difference in retail price of petrol and diesel sold by public sector oil companies and other private firms leading to closure of RIL's petrol pumps.

Liquid gas shipment from Qatar greeted with protests in Britain

Liquid gas shipment from Qatar greeted with protests in Britain London  - The first giant tanker carrying liquefied natural gas (LNG) from Qatar arrived in Britain Friday amid noisy protests from campaigners who oppose the project on environmental and safety grounds.

The consignment, on board the 316,000-ton Tembek, is the first to be delivered to the deep sea port of Milford Haven, on the coast of Wales in south-west Britain, under a long-term contract signed with Qatar.

EU, Ukraine to agree on gas network repairs and reforms

EU, Ukraine to agree on gas network repairs and reformsBrussels  - The European Union and Ukraine on Monday are set to agree on a programme of political reforms and physical repairs to the former-Soviet state's giant gas network, EU officials said.

One fifth of all the natural gas consumed in the EU flows through Ukraine's 13,500-kilometre network of gas pipelines, but experts say that that network will need some 2.5 billion euros (3.4 billion dollars) in investment over the next six years just to keep pipes and pumping stations in running order.

Obama launches initiative for hybrid-electric cars

Obama launches initiative for hybrid-electric carsWashington  - US President Barack Obama announced a 2.4- billion-dollar plan Thursday to promote hybrid vehicles and reduce dependence on foreign oil.

The initiative allows companies to apply for grants administrated by the Department of Energy to develop better batteries for hybrid electric vehicles and related technologies and components.

Obama announced the plan while visiting electric power company Southern California Edison's electric vehicle centre in Pomona, just outside downtown Los Angeles.

ICSA India Bags 3 Orders Worth Rs 4.64 Bln

ICSA India Bags 3 Orders Worth Rs 4.64 Bln ICSA India Ltd announced on Wednesday that it has pocketed work orders worth Rs 4.64 billion for a range of electricity and infrastructure projects.

The company, which provides embedded technology solutions for the power sector, said that the fresh orders were received from the Bihar State Electricity Board, the Maharashtra State Electricity Distribution Co and M.P. Poorv Kshetra Vidyut Vitaran Co Ltd,

The first order for supply and installation of rural electricity infrastructure and household electrification in Katihar District of Bihar is valued at Rs 2.54 billion

Shyam Saran insists reliance on renewable sources of energy

Shyam Saran insists reliance on renewable sources of energyNew Delhi, Mar 16: The Prime Minister''s Special Envoy on Climate Change, Shyam Saran, on Monday underlined the need to make the strategic shift from reliance on fossil fuels to renewable sources of energy.

Saran added that the shift needs to be made now and should not be delayed any further.

"We need to ensure that energy does not become a constraint on our growth. We demand that we make that strategic shift from reliance on fossil fuels to renewable sources of energy and that shift has to start now," said Saran.

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