Clean energy producer Greenko Group said it made a push into the fast-growing wind energy market in India with a short-term target of 200 megawatt, and signed a power purchase deal with Reliance Infrastructure.




The company, with its assets mostly in India, said it had started building a 65 MW wind project in the western state of Maharashtra, and that the Reliance Infra deal was to supply 200 MW of wind power at a current rate of Rs 5.07 ($0.109) per kilowatt-hour.










Greenko also signed a technology pact with General Electric Co for turbines designed for low-wind regimes and said it was reviewing other states such as Karnataka, Rajasthan and Andhra Pradesh for wind power opportunities.



According to the Global Wind Energy Council, India was ranked 5th in the world in 2009, with a wind energy capacity of 1,271 megawatts, or 3.3 percent, of the world total.



The company, which has a market value of 167.8 million pounds and operates hydro, biomass and gas-based plants, said it expects to achieve a 1 gigawatt operating capacity by the end of fiscal 2014.



Shares in the company, which have risen more than 21 percent in the year to date, were up 4.6 percent at 147 pence at 0747 GMT on Monday on the London Stock Exchange.

http://www.business-standard.com/india/news/greenko-makes-wind-energy-pushindia-project/107799/on

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Australian O&G Company makes huge discovery in Gujarat




Tuesday, September 07, 2010





The India focused Australian Oil & Gas Company, Oilex Ltd., has found a huge natural gas in the Cambay field. It is estimated that the discovery in Gujarat may hold 1.5 trillion cubic feet of reserve of which the justified development holds 853 billion cubic feet of Reserves, while 720 billion cubic feet of Contingent Resources. Oilex operates the Cambay field on behalf of Gujarat State Petroleum Corporation (GSPC) which holds 55% stake in the joint venture

http://www.hindustanpetroleum.com/En/ui/HPCLinNews.aspx

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Alibaug oil spill




Tuesday, September 07, 2010


According to the results of the bio-remediation process, it will take around 2 months for oil degradation to take place in Alibaug, following the oil spill off the Mumbai coast. The concentration of oil in zero day sample of the sand was 60,000 ppm, much higher than the internationally permissible limit of 1,000 ppm applicable in US and Europe.The Central Pollution Control Board is working on guidelines for a permissible limit for oil soaked oil. The guidelines are expected to release in three months.


http://www.hindustanpetroleum.com/En/ui/HPCLinNews.aspx

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ADB to sell stake in Petronet LNG


Tuesday, September 07, 2010

Asian Development Bank has written to its major shareholders about its decision to sell its 5.2% stake in Petronet LNG Ltd. IOC, BPCL, GAIL and ONGC each hold 12.5% stake in Petronet. French group GDF holds 10% stake in the company. Petronet operates a 10mn tons/year LNG terminal at Dahej, Gujarat. It is currently building another terminal in Kochi which shall have a capacity of 2.5mn tons/year. The Kochi terminal will be commissioned by middle of 2012.

http://www.hindustanpetroleum.com/En/ui/HPCLinNews.aspx

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BANGLADESH : Govt signs deal with US oil giant CONOCOPHILLIS


06 Sep 2010 PETROLEUM BAZAAR

The government, struggling to shore up energy supply, plans to sign an initial deal with US oil giant ConocoPhillips this month to initiate hydrocarbon exploration in the deep sea.State-owned Petrobangla will sign the deal with ConocoPhillips following a process initiated two and a half years ago through invitation of international tender.



Top officials of the energy ministry and Petrobangla held a meeting with ConocoPhillips last week before reaching the decision of signing the deal.



Under the deal ConocoPhillis will initiate conducting survey and exploration in the undisputed areas in two deep water offshore blocks.The final production sharing contract (PSC) will be signed after resolving the dispute of overlapping gas blocks with the neighbouring India and Myanmar, a senior energy ministry official told the FE.



During last week's meeting the government accepted ConocoPhillips' demand for changing the location of arbitration from Dhaka to Singapore, said the official.ConocoPhillips has been awarded two deep water gas blocks -- DS-08-10 and DS-08-11 blocks -- in the country's 2008 offshore bidding round.Irish Tullow Oil was also selected for shallow block SS-08-05 following the bidding.Courtesy:FT



http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000028979

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