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Old August 7th, 2008, 07:13 PM   #661
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Cars idling at crossings burn Rs 1,000cr a year in Delhi



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At a time when oil is the most precious commodity in our planet, fuel worth Rs 1,000crore is wasted every year in Delhi by vehicles idling at its 600 traffic signals. If all drivers were to switch off their engines wherever the stoppage time exceeds 14 seconds - which would hold for, perhaps, all signals - the country would be richer by that amount, not to speak of cleaner air in the city.

This startling fact was revealed by a Central Road Research Institute (CRRI) study. The study says 98% of the drivers in the city don't switch off their vehicles at the signals, irrespective of the stoppage time. With fuel prices soaring and more than 950 vehicles getting added to Delhi's roads daily, this wastage is only going up. Back of the envelope calculations show that each vehicle owner in the city can save over Rs 3,100 annually just by ensuring that his or her car is switched off at every red light that lasts for more than 14 seconds.

"The survey results clearly indicate that at the 600 intersections in Delhi, 0.37 million kg of CNG, 0.13 million litres of diesel and 0.41 million litres of petrol are burned up everyday due to idling of engines. Converting these figures into monetary terms, based on fuel prices in October 2005, the losses work out to about Rs 2.72 crore daily. As fuel prices and congestion levels have increased in the last three years, the losses would have only gone up," said Purnima Parida, scientist at CRRI's traffic and transportation division.

To estimate the fuel loss caused by idling, the surveyors selected 12 intersections in Delhi - Kasturba Gandhi Marg, Feroze Shah Road, Shakti Nagar, Rao Tula Ram Marg-Outer Ring Road crossing, Dabri Mor, Ashram, Moolchand, Panchsheel, Paschim Vihar, Azadpur, Khanpur, Shyam Lal College and Ghazipur. Of these, eight crossings see heavy traffic volumes, two witness medium volume and three low volume.
source timesofindia.com
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Old August 8th, 2008, 11:51 AM   #662
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'Reliance Power to raise $2.5 bn loan'

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Utility Reliance Power Ltd is planning to raise as much as $2.5 billion through India's largest rupee-denominated loan this year to fund a power project, two bankers familiar with the matter said on Wednesday.

Reliance Power, part of the Anil Dhirubhai Ambani Group, has hired SBI Capital Markets, a unit of State Bank of India, to raise the funds for its 3,960 megawatt coal-fired plant at Sasan in central Madhya Pradesh state, the sources said.

"The loan is open and we are hopeful of closing it in early October," one banker involved in the deal said. He declined to be named as he is not authorised to speak to the media.

The loan priced at 11.75 percent will be for a tenure of 15 years, they said.

Sterlite Industries has said it plans to raise $1.6 billion in a syndicated rupee loan to build a power plant in the eastern state of Orissa.

Reliance Power, which raised $3 billion in India's largest ever IPO in January, would contribute about 54.6 billion rupees ($1.3 billion) from the issue as equity for the project, it said in its IPO offer document.

India's power sector needs 10 trillion rupees of investment in the five years to 2012. Asia's third-largest economy suffers from peak power shortages of about 12 percent and an overall energy deficit of about 10 percent.

Reliance Power is also talking to Standard Chartered Bank, Daiwa Securities SMBC and India Infrastructure Finance Co Ltd for a foreign-currency loan of up to $1.5 billion, sources said.
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Old August 8th, 2008, 04:32 PM   #663
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OVL, Mittal, Essar shortlisted for Algerian bid round


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ONGC Videsh, Essar, Oil India and Steel baron Lakshmi N Mittal's investment firm have been shortlisted by Algeria to bid for oil blocks on offer in its latest licensing round.

While OVL, the overseas investment arm of state-run Oil and Natural Gas Corp (ONGC), and OIL have been shortlisted as operators of the oilfields, Mittal Investment Sarl and Essar have been prequalified to participate as financial investors, industry sources said.

OPEC member Algeria is offering 16 zones called parameters for bidding in its 7th exploration and production licensing round, bids for which close on December 3, 2008.

Each zone or parameter contains two to three blocks and in all there are 38 blocks in the 16 zones on offer.

Companies have to make bids for the 16 parameters (zones) and not individual blocks, that would be awarded within two hours of the bid closing on December 3.

Sources said though OVL and Mittal Investment have a joint venture for overseas oil hunt (called ONGC Mittal Energy Ltd), the two have made separate expression of interests. OIL is likely to bid with state refiner Indian Oil Corp.

Algeria intends to sign contracts on December 17, they said but could not identify the foreign companies shortlisted for the bidding round.

The round, the first since April 2005, has been keenly awaited by multinational companies seeking permits to explore in Algeria, which is among the world's top owners of oil and gas reserves and a major gas exporter to Europe.

"The selected zones are in different Algerian sedimentary petroleum basins offering a high potential in petroleum resources," said a statement by the Energy and Mines Ministry's National Agency for the Valorisation of Hydrocarbon Resources (ALNAFT)
source economictimes.com
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Old August 8th, 2008, 10:33 PM   #664
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Cars idling at crossings burn Rs 1,000cr a year in Delhi
The exact reason why hybrids make sense. Toyota has a Ad that counts gallons of fuel saved by its Prius Model. India should have insisted that its cars henceforth be Hybrids and Toyota should produce Hybrids in India. Hybrids during idling charge the battery. India already has expertize in Electric Cars from Company called Reva. Another promising technology is Tata and a French company, that does compressed air driven vehicles. Worldwide there are around 8 million vehicles running on CNG. Delhi for instance mandates most buses, autos to be CNG. We need a nation wide mandate for such a system. The oil crisis looms bigger every day. More cars are being added, more consumption of fossil fuels, but very little towards renewables, conservation by smart systems and other means. Instead we have only talk and inaction that leads to massive economic loss, forex deficits and global warming CO2 emissions. Every nation needs to rethink its oil consumption and get away from the existing patterns of usage promptly.
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Old August 9th, 2008, 09:07 AM   #665
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India to double uranium reserves for energy sector

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India aims to more than double uranium reserves for its nuclear energy programme and will spend 2 billion rupees ($47.5 million) on aiding exploration and prospecting, a minister said on Friday.

Science and Technology Minister Kapil Sibal said the federal cabinet had approved steps to boost uranium supplies by an additional 75,000 tonnes.

India has an estimated 61,000 tonnes of uranium reserves, according to the Department of Atomic Energy.

India hopes a nuclear energy deal with the United States, which still needs key approvals from the 45-nation Nuclear Suppliers' Group and the U.S. Congress, will help nuclear plants contribute 5-7 percent of total power supply by 2030, double their current role.
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Old August 9th, 2008, 03:02 PM   #666
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India`s first bio-diesel pump to start in September


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Ahmedabad, Aug 09: In winter 2005, Chief Minister Narendra Modi was at the Gujarat Agriculture University campus in Navsari, riding a tractor with a difference - it ran on bio-diesel. Come September, that bio-diesel will be available at a pump for the first time in India.

The bio-diesel production, from Jatropha plants, is the brainchild of 40-year-old Dharmendra Parekh, chairman and managing director of Aditya Aromedic and Bio-Energy. Since April, the firm has been producing bio-diesel from the jatropha plant.

Registered in 2005 and set up with a capital outlay of Rs 5 crore, the company produces 17,000 litres of bio-diesel per day at its 140,000-sq ft plant located in Tarsadi village on the Navsari-Bardoli highway in Navsari district.

The bio-diesel is sold at Rs 38.90 per litre while the price of regular diesel is Rs 39.20 per litre and that of premium diesel Rs 40.40.

The firm has been pre-selling its entire output every day since April. "We don't have to do any marketing. On the contrary I take a deposit of Rs 5,00,000 from all my customers and everyone irrespective of the quantity purchased has to pay the full amount in advance. And the delivery is done only after 20 days," says Parekh.

"I have at least five customers waiting in the queue, each of whom has a daily requirement of over 500 tonnes of bio-diesel." Right now, the fuel is supplied from two depots - one at Navsari and other at Mehsana in north Gujarat.

The clientele is spread over Ahmedabad, Nadiad, Vadodara and north Gujarat, Mumbai and Delhi.
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Old August 9th, 2008, 06:20 PM   #667
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PTC stands by Nepal's giant power project


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Leading public-private partnership agency PTC India Ltd has agreed to stand by Nepal's biggest but becalmed power project, re-inking a deal to buy electricity for power-starved north Indian states.

The West Seti Hydroelectric Project (WSHP) in remote far western Nepal, the biggest energy project in the Himalayan state with the capacity of generating 750 MW, has signed a new memorandum of understanding (MoU) with PTC, re-negotiating the tariff.

"In 2003, when the negotiations started, PTC had agreed to buy power at 4.95 cents per unit," Bill Bultitude, managing director of the project company, West Seti Hydro Ltd (SWH), told reporters.

"However, due to delays in getting the project off the ground, costs went up considerably. Now the estimated cost is $1.6 billion instead of the earlier $1.2 billion. A tariff for the sale of electricity to PTC has been re-negotiated at a significantly higher rate," Bultitude said.

As a confidentiality clause prevents SWH from disclosing the new figures immediately, Bultitude said they would be made public once the final agreement was signed.

Though negotiations on Nepal's biggest hydropower project started in the 1990s, West Seti remained becalmed due to political instability and local opposition.

Nepal's political parties and local groups opposed the project since it intended to sell the generated power entirely to India at a time Nepal was suffering from an acute funds crunch.

Consequently, SWH re-negotiated its agreement with the government of Nepal recently and will now offer 10 percent of the power free to Nepal. Of the generated 3,636 GWh of electricity per annum, 90 percent will be routed to India through a 230km transmission line that will go to Atamanda in India.

Besides New Delhi, northern states like Rajasthan, Haryana and Punjab will benefit from the project. Bultitude said work is expected to start at the end of monsoon and the first power generation from end-2013.

SWH is a multinational project with stakeholders from Nepal, Australia, China and India as well as the Asian Development Bank.

Australian company SMEC Developments Pvt Ltd, the main sponsor, will hold 26 per cent equity, China's state-owned China National Machinery and Equipment Import and Export Corporation 15 percent, ADB another 15 percent and India's Infrastructure Leasing and Financial Services an additional 15 percent. The remaining 30 per cent will be raised by Nepal as well as Nepali financial institutions.

Built under the BOOT (Build Own Operate Transfer) scheme, SWH will have a 30 year licence to own and operate the project after which it will be handed over to Nepal. Nepal can then choose to continue to sell energy to India or use it domestically.

The project requires the construction of a 195m high dam that is expected to provide winter irrigation benefits to both India and Nepal.
source economictimes.com
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Old August 10th, 2008, 08:12 AM   #668
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'Cauvery basin has potential to generate 1,100 MW'

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Chennai, Aug 9 (IANS): The Cauvery basin in Tamil Nadu and Karnataka has the potential to generate 1,100 MW of hydel power, Minister of State for Power Jairam Ramesh said here Saturday.

Ramesh was here to meet Tamil Nadu Chief Minister M. Karunanidhi to discuss the power projects in the state.

The projects that Ramesh refers to are Hogenakkal, Shivanasumudram, Mekedatu and Rasimanner located in the Cauvery basin in Tamil Nadu and Karnataka.

According to him, the two states and the National Hydro Power Corp should enter into an agreement for actualising these projects and also to avoid any future inter-state disputes pertaining to these projects.

He said the Kudankulam nuclear power project was progressing as per schedule.
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Old August 10th, 2008, 04:30 PM   #669
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PSEB purchases power worth Rs 6,000 cr


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The Punjab State Electricity Board has bought power worth Rs 6000 crore in 2007-08 thus earning the doubious distinction of being the country's largest electricity buyer.

The board's power purchase has increased from three to four times since 2004-05.

The board has bought power worth Rs 6,000 crore in 2007- 08, compared to power purchases of Rs 2,230 crore in 2004-05.

Sources said today the costly power purchases are the results of "ill advised policy" by bureaucrats to go for power purchase instead of adding generation capacity in the state.

The respective governments ignored the professional advice of power engineers 'to add at least 500 MW generations annually'.

The bureaucrats in the state government had reportedly advised that "it shall be cheaper to buy power from national grid than to generate it in the state of Punjab".

A senior PSEB officer said although the present plan to add about 9,500 MW of generation capacity in Punjab is late by a decade but this is a welcome step.

This addition constitutes 6,480 MW power through coal- based thermal plants in private sector. The proposed thermal plants are to be constructed at Talwandi Sabo (capacity 1980 MW), Rajpura (capacity 1320 MW), Gidderbaha (capacity 2640 MW), and Goindwal Sahib (capacity 540 MW).

The government also plans to execute 500 MW extension projects one each at Bathinda and Lehra Mohabbat departmentally.
source economictimes.com
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Old August 10th, 2008, 04:37 PM   #670
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Ahmedabad riding clean fuel wave to healthier future


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THANKS to the Compressed Natural Gas (CNG), Gujarat’s commercial capital is now the 50th most polluted city in India, down from fourth.
Just a couple of years ago, few residents of Ahmedabad knew the acronym. But now every child knows he can breathe easier because 37,733 auto rickshaws have converted from petrol to CNG.
“Ahmedabad provides the ideal model of how use of clean fuels can make life more healthy,” says Sanjiv Tyagi, an Indian Forest Service (IFS) officer who is the member-secretary of the Gujarat Pollution Control Board (GPCB) and one of those responsible for bringing “hill station quality” air to this city.
One of the most positive fallouts of the conversion by auto rickshaws has been on the grading of Ahmedabad on the National Air Quality Monitoring Programme (NAMP) of the Central Pollution Control Board (CPCB) that monitors the ambient air quality in 85 cities.
In 2001, Ahmedabad was India’s fourth most polluted city with 198 micrograms of RSPM (respirable suspended particulate matter) in every cubic metre of air.
In 2002, the RSPM came down to 166 micrograms per cubic metre, in 2003 to 136. By 2006, it had come down to 96, by 2007 to 82. “We are targeting the standard of 60 RSPM. I am not making any predictions but trends till May 2008 suggest that we may be on target,” Tyagi says.
As elsewhere, it was not easy to convince the auto rickshaw drivers to make the change. A state-government incentive of Rs.10,000 helped. That was the carrot. The stick was the threat by the regional transport officer that no petrol-driven auto rickshaw would be allowed on the streets after Jan 1, 2007. All this, plus the fact that CNG is much cheaper than petrol did the trick.
Now other cities want to follow the Ahmedabad model. Two delegations are expected from Andhra Pradesh, one from Chennai. After the auto rickshaws, it was the turn of the buses. The Ahmedabad Municipal Transport Service (AMTS) has converedt 610 of its 1,010-strong fleet from diesel to CNG while the Gujarat State Road Transport Corporation (GSRTC) has converted all the 155 it runs in Ahmedabad.
One of the biggest problems faced in New Delhi - the first city in India where all public transport switched over to CNG - is the lack of fuel, leading to hour-long queues. Ahmedabad has tried to solve that by setting up 46 CNG stations already. AMTS has five CNG pumps of its own, while GSRTC has three. Auto rickshaws used to carry goods are next in the conversion queue, says Tyagi.
source economictimes epaper
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Old August 10th, 2008, 08:31 PM   #671
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Foundation stone laid for uranium mine in Andhra Pradesh


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India's efforts to boost domestic production of uranium are likely to get a boost, with the authorities Sunday launching the work on uranium mine and mill in Andhra Pradesh's Kadapa district.

Atomic Energy Commission chairman Anil Kakodkar laid foundation stone for the mine at Tummalapalle village in Kadapa.

The Uranium Corp of India Ltd (UCIL) is building the mine and mill at a cost of Rs 1,129 crore ($268.8 million). It would have a capacity to produce 150,000 tonnes of uranium a year.

The project would be completed "as early as possible", Kakodkar told reporters on the occasion.

He tried to allay apprehensions in some quarters that the mine would be harmful to environment and public health.

"We will take care of (people's) safety. There need be no apprehensions. It will have no impact on environment or people," said Kakodkar, who is also the secretary of the Department of Atomic Energy.

Several environmental groups have raised apprehensions that the mine would impact the environment and the health of people living in nearby villages. They alleged that several of their activists were beaten up by the police during the mandatory public hearing held in 2006, to silence their protest.

This mine along with another proposed in Nalgonda district are likely to address the shortage of uranium.

Kakodkar recently stated that India's nuclear power plants were working at about half their capacity of 4,000 MW due to shortage of the fuel.

He said the slow process in opening new uranium mines has resulted in demand-supply mismatch.

The UCIL plans to invest Rs 3,100 crore to open new mines and set up processing plants in Jharkhand, Andhra Pradesh and Meghalaya.
source economictimes.com
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Old August 10th, 2008, 09:40 PM   #672
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Originally Posted by sn1101 View Post

Foundation stone laid for uranium mine in Andhra Pradesh


source economictimes.com

The Uranium Corp of India Ltd (UCIL) is building the mine and mill at a cost of Rs 1,129 crore ($268.8 million). It would have a capacity to produce 150,000 tonnes of uranium a year.
sn1101 Ji :

Is the figure of 150,000 tonnes of Uranium a year realistic?

Cheers
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Old August 10th, 2008, 10:58 PM   #673
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Kalpakkam nuclear plant

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Old August 11th, 2008, 04:37 AM   #674
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Quote:
Originally Posted by Naresh View Post
sn1101 Ji :

Is the figure of 150,000 tonnes of Uranium a year realistic?

Cheers
nareshji, i have quoted what economic times reported.
maybe you shed some light on whether its realistic or not
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Old August 11th, 2008, 10:39 AM   #675
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GM conducting India tests on alternative fuel

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Spread over 300 acres of land, the second manufacturing plant of General Motors India at Talegaon in Maharashtra will also house a small plantation of Jatropha. This is in addition to the 80 hectares of land that the company is planning to cultivate on the wasteland in Gujarat and is in the process of getting into an agreement with Gujarat-based Central Salt and Marine Chemicals Research Institute (CSMCRI).

The company is in the process of testing six of its vehicles including the discontinued Opel brand Corsa, Chevrolet Aveo and Optra on bio-diesel derived from Jatropha seeds.

“We will be completing our phase I tests by December end and in phase II, would be nurturing Jatropha cultivation,” said P Balendran, vice-president, corporate affairs, GM India. He added that the vehicles have successfully done more than 40,000 kms already.

The bio-diesel project is driven by research and development (R&D) team General Motors, Detroit and is supported by GM India engineering department.

The Talegaon plant is scheduled to commence operations this September and will have an initial capacity of 140,000 units per annum which could be further ramped up depending on future requirements. The company plans to use the initial capacity for manufacturing Chevrolet Spark. With this new plant the total capacity of GM India will grow to 2, 25,000 vehicles annually, including the existing plant in Halol, Gujarat capacity of 85,000 units per annum.

Other auto manufacturers like Mercedes Benz India, Tata Motors and Mahindra & Mahindra (M&M) are also running similar projects. While Mercedes Benz has already completed first stage of the study and conducted tests on its C-class sedans and now tied up with ADM and Bayer in a tripartite venture to study the commercial feasibility. M&M has expressed its intentions to dominant this category with its vehicles capable enough of running on bio-diesel. Tata Motors is running its employee buses in Pune on bio-diesel and plans to take the use of both ethanol and bio-diesel to other Tata companies as well.
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Old August 11th, 2008, 02:14 PM   #676
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nareshji, i have quoted what economic times reported.
maybe you shed some light on whether its realistic or not
sn1101 Ji :

I refer you to the following site :

World Nuclear Association : Uranium production figures, 1998-2007

According to the above data in 2007 India Produced 270 tU i.e. 270 tonnes Uranium.

Thus, I believe 150,000 Tonnes of Uranium Annually from One Mill-Plant is seemingly unrealistic.

It would be interesting to know as to the actual production figures of this mill-plant!
Cheers
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Old August 11th, 2008, 04:28 PM   #677
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wow, if we go by that link, this mine would produce about 3-4 times uranium than the total production in the world.
why are we running around the world for the 123 agreement?
thanks for the link Nareshji!
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Old August 11th, 2008, 04:34 PM   #678
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Indias Uranium Reserves are estimated at 70,000 tonnes. How can Govt produce 150,000 tonnes per annum. we wouldn't need any nuke deal if we produced that much.
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Old August 12th, 2008, 01:00 AM   #679
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Metros, SUVs may have to shell out more for fuel


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THE high-powered BK Chaturvedi Committee, set up to examine the financial position of oil companies, has suggested a price hike of Rs 2.5/litre for petrol and Rs 0.75/litre for diesel every month so that these fully reflect global price scenario by March 2009 and 2010, respectively. The gradual increase in prices of auto fuels would impact the big cities even more. They will have to shell out an extra Rs 0.50/litre for a specified period. And for those who live in big cities and love fuel-guzzling sports utility vehicles (SUVs), diesel may cost Rs 2/litre more under ‘Metro Extra’.
The committee has recommended scrapping import duties on petrol and diesel and fixing the price at which refineries sell fuel to oil marketing companies (OMCs) at the price at which they can export their produce. This means considerable reduction in the selling price of refineries from its present level. This, in turn, means reducing the protection that refineries have from external competition to the cost of freight and insurance on imports, if imports were to be undertaken.
Recommending city-specific dual-pricing mechanism for auto fuels, the committee has suggested increasing the selling price of petrol from the present Rs 42/litre (excluding state and local taxes) to Rs 53/litre for cities selling fuel with Bharat Stage (BS)-II specification. The same would be Rs 55.50/litre for BS-III cities. BS-III-specified fuels are sold in 11 cities — National Capital Territory of Delhi (NCT), Mumbai, Chennai, Kolkata, Bangalore, Hyderabad, Ahmedabad, Kanpur, Pune, Surat and Agra.
III as well as ‘Metro Extra’ of Rs 2/litre are expected to be put in place through increments of 50 paise per litre over five months of the adjustment period, it added. The committee, however, is in favour of increasing the current excise duty (Rs 3.71/litre) on diesel in the medium term to reduce the difference with petrol, a reason for price distortion.
It has also suggested that OMCs should charge prices of fuel excluding state-level taxes so that the onus of putting local tax burdens on consumers would lie with respective state governments.
The panel, however, made out a case for cushioning the price increase by reducing excise duty on petrol from Rs 13.75/litre (including education cess of 3%) to Rs 10/litre. “This motor spirit (petrol) prices should fully reflect the pricing formula suggested here by March 2009. In other words, motor spirit sales by March 2009 will no longer have to be supported either by upstream discounts (or special oil tax) or through the issue of oil bonds,” the committee said in its report.
A similar recommendation has been made for diesel: “It is recommended that the retail selling price (before state and local taxes) be raised by 75 paise/litre each month till the net sales realisation to the OMC — less distribution and marketing expenses — becomes equal to the refinery gate price.”
source economictimes epaper
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Old August 12th, 2008, 01:01 AM   #680
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Plan to set up biofuel board hits GoM hurdle


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THE proposal to set up national bio-fuel development board, under the national policy on biofuel, has been turned down by a group of ministers (GoM). The decision to scrap the proposed board was opposed by the Planning Commission, a source said.
Setting up of the board looked a certainty till some time ago since the government had directed the ministry of new and renewable energy to submit a draft of reference and composition of the board.
“The Planning Commission, chaired by agriculture minister Sharad Pawar, told the GoM, that there was no necessity of setting up the proposed board. The commission suggested that there was a need to provide high level co-ordination and policy guidance on biofuel development in the country,” said the source.
The GoM has recommended setting up of a National Biofuel Coordination Committee, headed by the PM. Representatives from seven concerned ministries would be part of the panel.
The commission has also proposed the government to set up a committee to look after research for developing high-yield varieties of biofuel plantations. The committee may include representatives of the department of biotechnology, ministry of new and renewable energy and the ministry of agriculture, said the official.
The idea behind the national biofuel development board was to look after issues of pricing, regulatory and availability of biofuel in the country. “While the government is planning to have a mandatory blending of biofuel with diesel, there is going to be a problem in availability of the fuel. Also, there is no known structure for pricing mechanism. The policy must address these issues of supply and price,” E&Y associate director (policy & investment advisory services) Arun Srivastava said.
The biofuel policy is expected to replace 10% of petroleum product’s requirement in the country as the government plans to save up to Rs 20,000 crore in import bill through bio-fuels, said sources.
source economictimes epaper
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