Energy Sector

GAIL inks agreement with Government of Himachal Pradesh

GAIL inks agreement with Government of Himachal PradeshState-run gas utility Gas Authority India Limited (GAIL) has informed that it has signed a Co-operation agreement with Government of Himachal Pradesh to link the hill state with the national gas grid.

GAIL was setting up gas pipeline networks from Uttar Pradesh to Haryana to Punjab and finally to Himachal Pradesh. The 610-km long Dadri-Bawana-Nangal pipeline, which will pass through Uttar Pradesh, Delhi, Haryana and Punjab entails an investment worth Rs 25 billion.

EPIC Energy receives contract from Arunachal Pradesh

EPIC Energy, energy management solutions provider in domestic and international market, has informed that it has been awarded a contract to conduct Investment Grade Energy Audit for 10 government buildings in Arunachal Pradesh. 

The order has been placed by the Arunachal Pradesh Energy Development Agency. 

The scope of contract includes exploring the energy conservation option in the electrical distribution system, the lightning system, the HVAC systems, the DG sets and the Water Pumping System.

According to the sources, the contract signifies EPIC’s entry into the north eastern region of the country.

OPEC crude price starts the week up at 59.03 dollars

Organization of the Petroleum Exporting CountriesVienna -

Success no breeze for Germany's first woman wind-energy prof

Success no breeze for Germany's first woman wind-energy profMagdeburg, Germany - Antje Gesa Orths, Germany's first female wind-energy professor, has the wind at her back these days.

Orths, 41, travels the world to push renewable energies - principally wind power - and in late October gave her first lecture at Magdeburg University, where she was recently named an honorary professor.

When time allows, she also holds guest lectures at Stockholm and Copenhagen universities.

OPEC crude price falls to 57.65 dollars

Organization of the Petroleum Exporting CountriesVienna - The price for

Statoil Hydro third-quarter earnings drop on higher tax rate

Norwegian energy giant Statoil HydroOslo - Norwegian energy giant Statoil Hydro's third-quarter net income fell 57 per cent, the group said Monday, citing a stronger US dollar rate that pushed up tax rates.

Net income for the quarter was 6.3 billion kroner (937 million dollars), compared to 14.6 billion kroner in the corresponding business period of 2007.

Net operating income increased 31 per cent to 47 billion kroner, while turnover was up 35 per cent to 170 billion kroner, the group said.

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