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Oil PSUs raised ATF prices by Rs 78/kl  

Oil PSUs have raised ATF prices by Rs 78/kl effective midnight today.
Government oil firms today increased jet fuel or ATF price by Rs 78 per kilolitre with effect from midnight tonight.

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Israeli companies keen to partner Indian firms for setting up solar power plants in India  

Israeli firms warm to solar power mission

Rahul Wadke ...Recently in Tel Aviv....from the pages of HINDU BUSINESS LINE newspaper. 7/7/11

The $5-billion trade between India and Israel is no longer about just arms and diamonds. Green technologies for power generation and water recycling are the new business mantras.A number of Israeli companies are keen to partner Indian firms for setting up solar power plants in India. They are eyeing huge opportunities under the Jawaharlal Nehru National Solar Mission for developing 1,200 MW of solar power by 2013. Under the mission, investments of about Rs 12,000 crore will be required for achieving the target.

Israeli tech

For Indian companies, it is an opportunity to access sophisticated solar-power technology developed by Israeli companies based out Tel Aviv, Jerusalem and nearby Kibbutz. “Israel does not have any natural resources. Its only possession is the highly skilled manpower engaged in cutting edge R&D (research and development). Companies based here can offer to Indian companies a number of niche technologies in the renewable energy space,” said Mr Rafael Barak, Director General of Israel's Ministry of Foreign Affairs.

Mr Barak shared his views at a recent ‘Gyan Milan' seminar on clean technologies held in Tel Aviv for Indian companies.

Mr Navtej Sarna, India's Ambassador to Israel, told Business Line that one of the emerging areas of trade was exchange of technologies and equipment for solar energy. Israeli companies have developed high-quality techniques for harnessing solar energy. Currently, these are expensive and need to be customised for the Indian market, he said.Keeping in mind the global scarcity of land for power projects, Israeli companies has developed solar power systems which are compact and easy to manufacture. Some have gone to the next level by devising systems that can float on water.

Mr Yossi Fisher, chief executive of Jerusalem-based Solaris Synergy, says the company has created a solar power system that floats in water bodies. The self-contained system rests on a platform that operates in any fresh- or salt-water body. The system can generate energy between couple of kilowatts and megawatts.“India has a number of hydroelectric projects. It is very easy to put our systems on such water bodies. It will give additional revenues to the power companies running them,” Mr Fisher said.

Zenith Solar is another company which has developed innovative solar power systems. Besides electricity, the company's systems can also provide hot water for domestic and industrial consumption. Mr Roy Segev, founder and chief executive of the company, claims that the combined efficiency of the system is about 72 per cent, one of the highest in the world. Zenith Solar has identified the Indian hospitality market for selling the system, he said.

(The correspondent's visit to Israel was organised by the Foreign Affairs Ministry, Israel.)

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100 kilo watt solar air-conditioning system launched at Gurgaon  

World most efficient solar cooling system launched in Gurgaon
Gurgaon, Jul 1 : India today achieved a major breakthrough in solar thermal cooling system technology by launching a 100 kilo watt solar air-conditioning system at the Solar Energy Centre in Gurgaon adjoining the national capital.

Described as the world's most efficient solar thermal cooling system, Ministry of New and Renewable Energy said it is 30 per cent more efficient than the currently available systems.

Based on the new triple effect absorption cooling technology, the indigenously built system will meet air-conditioning needs of 13 rooms of Solar Energy Centre which developed it in collaboration with Pune-based Thermax Ltd.

The Ministry said 288 square metres of solar collector used in the system generates nearly 60 KW of 210 degree celsius pressurised hot water.

The heat is used in a vapour absorption machine to generate 7 degree chilled water which when circulated through fan coil units installed in the 13 rooms cool them.

Hotter the day, more the solar energy and more the need for cooling and the system meets the demand, said New and Renewable Energy Minister Farooq Abdullah who inaugurated it in the presence of Power Minister Sushilkumar Shinde. They said it will help meet the growing demand for air-conditioning in India in a highly efficient and cost effective way through use of direct solar energy.


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Pakistan reduced petrol price by Rs.3 per litre  

Pakistan has brought down petroleum prices. The price of petrol has been reduced by Rs.3 per litre, diesel by Rs.2.01 and light speed diesel by Rs.1.13, media reports said. The Oil and Gas Regulatory Authority on Thursday announced reduction in the prices of petroleum products, according to reports.

There is, however, no change in the price of kerosene. The new price of petrol is Rs.83.71 per litre while high speed diesel is now priced at Rs.92.10 per litre. Light diesel is for Rs.81.39 per litre. Kerosene continues to cost Rs.84.65 per litre.

The move came on a day when neighbour India hiked petrol and diesel prices by 27 paise and 15 paise per litre respectively from Thursday midnight to to increase the commission of petrol pump dealers.

In the Indian capital Delhi, petrol will cost Rs.63.64 per litre from Friday, while diesel will be Rs.41.27 per litre. The government has increased dealers' commission to Rs.1,499 per kilolitre of petrol and Rs.912 per kilolitre of diesel. While Indian oil marketing companies had steeply hiked the price of petrol in May, the diesel price was raised last week by Rs.3 per litre. Courtesy: SAMAY LIVE

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Latest Updates on price hike- Petrol by 27 paise, diesel by 15 paise  

Petrol rates to go up by 27 paise, diesel by 15 paise


People filling petrol at an outlet in Mumbai. The Government has hiked the commission for dealers, leading to a slight rise in the prices of petol and diesel.

New Delhi June 30: The government on Thursday hiked petrol and diesel prices by a marginal Rs 0.27 a litre and Rs 0.15 per litre respectively following increase in the commission paid to petrol pump dealers. The government approved raising dealer’s commission paid on petrol from Rs 1.218 per kilolitre to Rs 1,499 per kl, resulting in a Rs 0.27 per litre increase in retail price with effect from midnight tonight, an official said here.

Similarly, the dealers’ commission on diesel was hiked from Rs 757 per kl to Rs 912 per kl, resulting in a Rs 0.15 per litre increase in rates at retail level. Petrol, at present, is priced at Rs 63.37 per litre in Delhi and will from tomorrow cost Rs 63.64 per litre. Diesel rates which had been hiked last week by Rs 3 a litre, will cost Rs 41.27 per litre instead of 41.12 a litre. The official said the increase in dealers’ commission is lower than 39.5 paisa hike recommended by an expert committee of the Ministry of Petroleum and Natural Gas. Similarly, the increase in commission on diesel too is lower than 17 paisa per litre increase suggested by the committee which was headed by Apurva Chandra, Joint Secretary (Marketing) in the Ministry of Petroleum and Natural Gas

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