Power Supply

  • NEA: 401 MW
  • Private Sector: 344 MW
  • India: 424 MW
  • Tripping: 15 MW
  • Demand : 1188 MW
  • Soure : NEA
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International Indian Oil facing increased cost pressure due to crude oil spike

 9:48 am     Sanjeev Choudhary

Every $10 per barrel rise in the price of crude oil raises working capital cost by about Rs 500 crore per year and cost of fuel consumed internally by $0.9 per barrel for Indian OilCorp, its finance chief has said. India Oil Corp, the nation’s largest refiner and fuel retailer, is facing increased cost pressure due to crude oil spike. “We are negatively impacted. Our fuel cost increases, working capital cost…

International Power reliability group identifies risks to U.S., Canadian electricity grids

 9:36 am     Reuters

The organization responsible for reliability of the North American powergrid issued a report on Thursday that identified risks to the U.S. and Canadian electric systems that have been driven in part by changes in the generation fuel mix. Those changes refer to an increase in the number of coal and nuclear retirements and a growing reliance on renewable and natural gas-fired power plants. The North American Electric Reliability Corp (NERC) said…

International Bankers put 6,500 mw power plants on sale in India

 9:32 am     DNA

Financial institutions are in the process of selling off power plants of aggregate capacity of 6,500 megawatt (MW) even as the government is looking to assuage the stress in the power sector. The finance minister Piyush Goyal met some power firms on Wednesday to discuss stress in the sector. Bankers are looking to sell the plants as promoters have failed to pay up the loans taken for the projects which…

Opinion Oil price will be driven by consumers rather than OPEC

 9:30 am     Reuters

Oil traders' attention is focused this week on Vienna, where ministers from the Organization of the Petroleum Exporting Countries and its allies must decide whether to increase their output in the second half of 2018. But the direction of prices over the next year will be more influenced by less visible developments in the major oil-consuming countries, especially the United States, Europe, China and India. With available production capacity fairly…

International Australia says no longer faces natural gas shortfall before 2030

 9:27 am     Sonali Paul/ Melbourne

Australia no longer faces a looming gas shortage, thanks to government pressure on exporters to divert gas into the domestic market and reduced demand forecast for gas-fired power, according to the latest estimates from the nation's energy market operator. "No supply gaps are forecast before 2030 under expected market conditions," the Australian Energy Market Operator said on Friday in its annual outlook for gas. The outlook is starkly different from a year ago, when…

International Power plants seek extension of temporary coal supply agreements in India

 9:21 am     Debjoy Sengupta/ Kolkata

Coal-fired powerplants with total installed capacity of around 9,000 MW are asking for extension of temporary coal supplycontracts for at least six years, since they have not been able to start production from the captive blocks allotted to them more than three years ago. Delays in land acquisition, forest clearance and issue of possession letters from states have delayed production at these mines. These plants are likely to require between 35 million…

Indian Oil facing increased cost pressure due to crude oil…

Power reliability group identifies risks to U.S., Canadian electricity grids

Bankers put 6,500 mw power plants on sale in India

Oil price will be driven by consumers rather than OPEC

Australia says no longer faces natural gas shortfall before 2030

Power plants seek extension of temporary coal supply agreements in…

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Upper Tamakoshi gets Sebon nod to float public shares

Upper Tamakoshi Hydropower Ltd has received approval from the Securities Board of Nepal (Sebon) to float its primary shares to the affected communities in the project area and the general public. With the Sebon’s approval last week, the hydropower company, promoted by the Nepal Electricity Authority (NEA) and three other public entities, will issue its… Read More +

Opinion

Oil price will be driven by consumers rather than OPEC

Oil traders‘ attention is focused this week on Vienna, where ministers from the Organization of the Petroleum Exporting Countries and its allies must decide whether to increase their output in the second half of 2018. But the direction of prices over the next year will be more influenced by less visible developments in the major… Read More +

Feature

Will two Chinese dams in Nepal affect the Belt and Road Initiative?

The future of Chinese backed hydropower and the trans-Himalayan railway are at stake as Nepal’s prime minister makes his first visit to Beijing Nepal’s Energy Minister Barshaman Pun had an important message when he spoke to the Chinese media recently. His mission was to mitigate damage caused by negative press over the “cancellation” of a… Read More +

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Off Track

HIDCL’s Vision

Fiscal Year 2010/11 was marked and celebrated as historical centennial year of generation and commercial use of hydroelectricity in Nepal. Pharping-the first Hydroelectric Power Plant, started generating electricity in 1911.… Read More +

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Petroleum

Indian Oil facing increased cost pressure due to crude oil spike

Every $10 per barrel rise in the price of crude oil raises working capital cost by about Rs 500 crore per year and cost of fuel consumed internally by $0.9 per barrel for Indian OilCorp, its finance chief has said. India Oil Corp, the nation’s largest refiner and fuel retailer, is facing increased cost pressure due… Read More +

News Paper

Nepal, China sign power grid pact

Nepal Electricity Authority and State Grid Corporation of China on Wednesday signed an agreement on feasibility study of Nepal-China Cross-border Power Grid Interconnection Project. The agreement says the two parties would conduct the feasibility study of 400kV Kerung-Rasuwagadhi-Galchhi-Ratamate transmission line. A joint technical committee comprising representatives from both parties would prepare the DPR. It will… Read More +

International

Indian Oil facing increased cost pressure due to crude oil spike

Every $10 per barrel rise in the price of crude oil raises working capital cost by about Rs 500 crore per year and cost of fuel consumed internally by $0.9 per barrel for Indian OilCorp, its finance chief has said. India Oil Corp, the nation’s largest refiner and fuel retailer, is facing increased cost pressure due… Read More +

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