New Delhi: Power generator NTPC Ltd plans to produce 217 billion units of electricity in 2009-10, the company said.
NTPC signed an agreement with the government giving details of schedules for completing projects, coal-mining activities and generation targets for the year to 31 March 2010, the utility said in a statement to the Bombay Stock Exchange on Wednesday.
The firm’s installed capacity crossed 30,000MW after commissioning a 250MW unit.
The utility’s group capacity now stands at 30,144MW, NTPC said in the statement.
Oil India qualifies to bid in Iraq’s oil, gas auction
New Delhi: State-owned exploration major Oil India Ltd, along with eight other international companies, has qualified to bid for Iraq’s second oil and gas block licence auction round, according to information on the country’s oil ministry website.
The other companies qualified include OJSC Rosneft and OAO Tatneft of Russia, JSC Kazmunaigas Exploration and Production of Kazakhstan, PetroVietnam Exploration and Production Corp. of Vietnam, Sonangol of Angola, Pakistan Petroleum Ltd, Japan Oil, Gas and Metals, National Corp. and Cairn Energy Plc. of the UK.
The statement, issued by the petroleum contracts and licensing directorate of Iraqi oil ministry, said a total of the 38 companies and consortia had participated in the pre-qualification process by submitting their bids between 4 January and 15 February.
Last year, ONGC Videsh Ltd, the overseas investment arm of state-run Oil and Natural Gas Corp. Ltd, had qualified to bid for Iraq’s first oil and gas licence round, which is currently going on.
‘Nuclear liability accord possible after polls’
New Delhi: India may enact a law that will limit the liability of US suppliers in the event of a nuclear accident after a new government takes office following the general election.
The internal processes of India becoming a member of the convention have been completed, Shyam Saran, special envoy to the Prime Minister, said in an interview in New Delhi. Whatever differences had to be resolved have been resolved.
Suppliers in the US, which helped India win global assent to resume nuclear trade, are disadvantaged in competing for orders from India because they don’t have insurance cover for nuclear accidents.
The proposal needs to be approved by India’s cabinet before Parliament enacts it into law. The process will move forward after a new government takes over, Saran said on Tuesday. He didn’t give details.
— Gaurav Singh and Subramaniam Sharma / Bloomberg