Public hearing held on thermal power plant expansion
According to the EIA's executive summary report, OPGC plans to add two units, each with a capacity of 660 MW, adjacent to its existing units — 1 and 2 (210 MW each), and 3 and 4 (660 MW each) — at the OPGC station at Banharpalli.
The proposed site is located within the existing OPGC thermal power station complex.
Villagers said when the existing units were built, OPGC had promised employment to locals, besides environmental safeguards, and proper road infrastructure. "But our youth are still not getting jobs, and even when they do, their salaries are much lower compared to outsiders," said Sanjulata Seth, a villager.
Jharsuguda sub-collector Sabyasachi Panda said some individuals came up to the podium and voiced their grievances, which were addressed by OPGC officials. "We are hopeful that OPGC will resolve these issues," Panda said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
10-07-2025
- Time of India
Oil prices rise on strong gasoline demand, Red Sea attacks
Oil prices rose on Wednesday as investors weighed strong US gasoline demand data, attacks on shipping in the Red Sea, and a forecast for lower US oil production. Brent crude futures were up 38 cents, or 0.54 per cent , to $70.53 a barrel by 1:25 p.m. EDT. US West Texas Intermediate crude was up 43 cents, or 0.63 per cent , to $68.76 a barrel. US crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 7.1 million barrels to 426 million barrels in the week ended July 4, the EIA said, compared with analysts' expectations in a Reuters poll for a draw of 2.1 million barrels. Gasoline demand rose 6 per cent to 9.2 million bpd last week, the EIA said. "The crude price rally is based on the EIA report showing good gasoline demand and tight supply going forward, and so oil prices are creeping higher," said Phil Flynn, senior market analyst with Price Futures Group. "Demand seems to be solid and not slowing down," he added. After months of calm in the Red Sea, attacks in the major global shipping lane were renewed in the past week. Rescuers pulled six crew members alive from the Red Sea on Wednesday and 15 were still missing from the second of two ships sunk in recent days in attacks claimed by Yemen's Iran-aligned Houthi militia after months of calm. Oil prices also were supported by an EIA forecast on Tuesday that the US will produce less oil in 2025 than previously expected, as declining prices have prompted US producers to slow activity. On Tuesday, US President Donald Trump said he would announce a 50 per cent tariff on copper, aiming to boost US production of a metal critical to electric vehicles, military hardware, the power grid and many consumer goods. Trump made the announcement as he delayed a deadline for some tariffs to August 1, spurring hopes among major trade partners that deals to ease duties could still be reached, though many remain uncertain. Elsewhere, OPEC+ oil producers were set for another big output boost for September as they complete both the unwinding of voluntary production cuts by eight members, and the United Arab Emirates' move to a larger quota, five sources said. On Saturday, OPEC+ approved a supply increase of 548,000 barrels per day for August. "Oil prices have stayed surprisingly resilient in the face of accelerated OPEC+ supply additions," said Suvro Sarkar, energy sector team lead at DBS Bank. UAE Energy Minister Suhail al-Mazrouei said on Wednesday that oil markets were absorbing OPEC+ production increases without building inventories, which means they are thirsty for more oil. "You can see that even with the increases for several months we haven't seen a major buildup in inventories, which means the market needed those barrels," he said.
Time of India
10-07-2025
- Time of India
Oil falls as Trump's expanded tariffs cloud demand outlook
Oil prices dropped on Thursday as the latest tariff announcements by U.S. President Donald Trump were perceived by market participants to threaten global economic growth and demand for the resource. Brent crude futures were down 22 cents, or 0.31%, at $69.97 a barrel by 0052 GMT. U.S. West Texas Intermediate crude lost 27 cents, or 0.39%, to $68.11 a barrel. On Wednesday, Trump threatened Brazil, Latin America's largest economy, with a punitive 50% tariff on exports to the U.S., after a public spat with his Brazilian counterpart Luiz Inacio Lula da Silva. Earlier, Trump announced plans about tariffs on copper, semiconductors and pharmaceuticals and his administration sent tariff letters to the Philippines, Iraq and others, adding to over a dozen of letters issued earlier in the week including for powerhouse U.S. suppliers South Korea and Japan. As policymakers remain worried about the inflationary pressures from Trump's tariffs, only "a couple" of officials at the Federal Reserve's June 17-18 meeting said they felt interest rates could be reduced as soon as this month, the minutes released on Wednesday showed. Live Events Higher interest rates make borrowings more expensive and reduce demand for oil. Providing some support to prices, U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Gasoline demand rose 6% to 9.2 million barrels per day last week, the EIA said. Global daily flights were averaging 107,600 in the first eight days of July, its all-time high, with flights in China reaching a five-month peak with port and freight activities indicating 'sustained expansion' in trade activities from last year, J.P. Morgan said in a client note. "Year to date, global oil demand growth is averaging 0.97 million barrels per day, in line with our forecast of 1 million barrels per day," the note said.
Time of India
10-07-2025
- Time of India
Gold edges higher as Trump tariff moves keep markets on edge
Gold prices edged higher on Thursday as U.S. President Donald Trump's latest tariff announcements kept markets cautious, with investors closely watching trade negotiations , while a slight pullback in the dollar provided additional support. FUNDAMENTALS by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 月 *만원대 '실비보험' 최적가 비교추천! "月 보험료 낮추고, 보장은 든든하게"... 굿리치 [등록번호:제2006038313호] 가격 받기 Undo * Spot gold rose 0.2% to $3,321.04 per ounce, as of 0044 GMT. U.S. gold futures were up 0.3% at $3,329.10. * The U.S. dollar index edged down 0.3%. A lower dollar makes gold more affordable for overseas buyers. * On Wednesday, Trump turned his trade ire against Brazil, threatening Latin America's largest economy with a punitive 50% tariff on exports to the U.S. and ordering an unfair trade practices investigation that could lead to even higher tariffs. Live Events * Trump issued tariff notices for seven minor trading partners on Thursday, adding to 14 earlier in the week, including 25% levies including South Korea and Japan, effective August 1 unless trade agreements are reached before then. * Trump also announced on Wednesday a 50% tariff on copper, saying on social media that it would be effective August 1. * Meanwhile, Trump said trade talks have been going well with China and the European Union, which is the biggest bilateral trading partner of the U.S. * Minutes from the June 17-18 meeting revealed that only "a couple" of Federal Reserve officials believed interest rate cuts could happen as early as this month. Most policymakers, however, expect rate reductions to be appropriate later this year, citing concerns over inflationary pressures stemming from Trump's tariff policies. * The Federal Open Market Committee (FOMC) unanimously voted to hold rates steady at its June meeting, with the next policy meeting scheduled for July 29-30. * Spot silver edged up 0.2% at $36.41 per ounce, platinum fell 0.4% to $1,342.30 and palladium inched up 0.1% to $1,106.34. DATA/EVENTS (GMT) 0600 Germany HICP Final YY June 0900 Germany, France, UK Overall Comprehensive Risk Q3 1230 US Initial Jobless Claim 5 July, w/e 1430 US EIA-Nat Gas Chg Bcf 4 July, w/e 1430 US Nat Gas-EIA Implied Flow 4 July.
