“Mandatory targets need to be fixed for the country as well as for states considering the RE potential in each state. India needs to evolve RE power plans for each state to accommodate these sources in their portfolios. The present RPS mechanism can be helpful in this regard…”

The Impending Oil Shock (Part V)

"A nation’s ability to sustain its economy and preserve its influence will depend less on military capability and more on an ability to insulate its economy from oil shocks: in short, on its success in reducing its reliance on fossil fuels sooner rather than later. The question all nations must confront is how to effect a speedy change..."

OIL & GAS

• India calls for oil price band
• Govt sets safety rule for oil & gas sector
• BPCL, Videocon eye stake in Mozambique block
• ’Fuel prices may need to be hiked again’: BPCL
• OPEC opposes output hike in crude
• ’Market needs more products, not more crude’: UAE

POWER

• CIL may extend deadline for fuel supply agreements
• India uses power diplomacy to engage Myanmar, win project
• ’India, China N-construction plans to ramp up uranium prices’: Goldman Sachs
• CIL and Tatas for electricity from washery rejects
• Australia no to India on uranium
• Bengal to get 2 MW solar plant