Kolkata : Essar Oil and Gas Exploration and Production Ltd (EOGEPL) will invest another Rs 2,000 crore in the next 18 to 24 months in its coal bed methane project in West Bengal’s Raniganj, an official said. The company earlier had already invested Rs 5,000 crore in the Raniganj block in drilling 350 wells and […]
Essar on a new path of growth, to invest in energy, steel, mining sectors – EQ Mag
Armed with substantially lighter balance sheet after repaying Rs 2 lakh crore debt, Essar is embarking on the next phase of growth by investing in hydrogen projects Armed with substantially lighter balance sheet after repaying Rs 2 lakh crore debt, Essar is embarking on the next phase of growth by investing in hydrogen projects, building […]
Essar sets up Vertex Hydrogen to help drive energy transition in UK – EQ Mag Pro
The UK’s first low carbon hydrogen facility at Essar Stanlow will sit at the heart of the HyNet low carbon cluster, to produce a total of 1GW per year of hydrogen, across two units, from 2026. Essar has formed Vertex Hydrogen Limited, a transformative new joint venture, with Progressive Energy, to build the UKs largest […]
Essar sets up Vertex Hydrogen to help drive energy transition in the UK – EQ Mag Pro
Major step in supporting the sustainability of Essar Oil (UK) Limited Stanlow: Essar today announced that it has formed Vertex Hydrogen Limited, a transformative new joint venture, with Progressive Energy, to build the UK’s largest hydrogen hub at the Stanlow Manufacturing Complex. Led by Essar as the majority shareholder, Vertex Hydrogen has been formed to […]
Jindal, JSW, Essar, Korba West to supply 1,000 MW power under Pilot Scheme-II to 3 states
Under Pilot Scheme-II of Ministry of Power, Jindal Power would supply 315 MW, followed by Korba West Power Company (295 MW), JSW Energy (290 MW), Essar Power M P Ltd (100 MW). New Delhi: Four power producers, including Jindal Power and JSW Energy, are set to supply 1,000 MW power collectively to three south Indian […]
Power engineers seeks review of PPAs with exorbitant electricity rates
PATIALA: All India Power Engineers Federation (AIPEF) strongly opposes any amendment in the Electricity Act aimed to destroy the public sector and pave the path for privatisation. The state governments must review the Power Purchase Agreements (PPA) with independent power producers having exorbitant electricity rates. AIPEF fully supports Andhra Pradesh government’s pledge to review PPA’s […]
Brookfield Asset Management bets big on India
Brookfield Asset Management: A Canadian firm with $ 350 billion of assets under management and a 120 year heritage, seems to be favouring India, and is on a deal making spree in the country with acquisition of hotels, real estate and a massive gas pipeline. Just last week, an investment trust led by Brookfield bought […]