In a move to curb un-metered electricity connections, the Uttar Pradesh electricity regulator has raised tariffs for such households by 63% for the current year. The order issued on Thursday encourages consumers to shift to metered connections, its chairperson S K Agarwal told ET over phone from Lucknow. Uttar Pradesh has over 65 lakh un-metered […]
Month: November 2017
Government forms panel to lay down diesel use rules for tractors
The oil ministry has set up a high-level committee to help frame fuel economy rules for tractors to moderate their diesel consumption that constitutes nearly 7.7 per cent of India’s annual diesel use. The nine-member Steering Committee, headed by an additional secretary in the Ministry of Petroleum and Natural Gas, will submit an interim report […]
NTPC looks to acquire stressed commissioned plants
State-run power giant NTPC has floated a tender to acquire commissioned stressed coal-based power plants in the country. At present, out of the 40 GW stressed coal-based power generation capacity, about 12 GW capacity worth around Rs 50,000 crore commissioned after April 1, 2014 and is eligible under this tender. According to the tender document, […]
Oil falls on doubts over output cuts, surprise rise in US fuel stock
Oil prices fell on Wednesday on doubts OPEC and Russia will agree on an extended crude production cut that the market has priced in and after a report of an unexpected rise in US fuel inventories. US West Texas Intermediate (WTI) crude futures were at $57.72 a barrel at 0130 GMT, 27 cents, or 0.5 […]
India’s Jet, Air France-KLM announce tie-up on routes
India’s Jet Airways and Air France-KLM today announced enhanced cooperation, widening their existing code-share agreement to expand their operations between Europe and India. The agreement will see Jet Airways, India’ second largest airline by revenue, and Air France-KLM working together to develop their commercial and product offerings. “This agreement strengthens the partnership built between these […]
Woman passenger, Air India duty manager slap each other at airport
A woman passenger and an Air India duty manager slapped each other at the Indira Gandhi International Airport this morning after she was denied boarding for reporting late, police said. The incident took place after the Ahmedabad-bound woman passenger had an argument with the official. “A lady passenger was told by a counter staff that […]
Airlines scramble to minimise losses as Bali volcano costs grow
As a shutdown of Bali’s airport is extended due to volcanic ash, airlines bracing for millions of dollars of lost revenue per day are scrambling to minimise damage by offering travel to other destinations and alternative transport off the island. The airport on the Indonesian tourist island was closed for a second day on Tuesday […]
‘Coal import may see further dip on self-sufficiency push’
Global rating agency Fitch has said India’s dependency on imported coal may continue to decline as the government moves ahead on the path of self- sufficiency. “We expect India’s thermal coal imports to continue to fall as the government maintains its push for self-sufficiency and as renewable energy output increases,” the global rating agency said. […]
GAIL is said to receive gazprom letter on LNG contract start
GAIL India Ltd. received notification from Russia’s Gazprom PJSC that it plans to start deliveries of liquefied natural gas through a contract the Indian buyer is trying to renegotiate, according to people with knowledge of the matter. The world’s largest gas producer wrote to GAIL this month saying it’s preparing to send cargoes from April […]
Oil slips on U.S. drilling but OPEC cuts support market
– Oil prices slipped on Monday, with U.S. crude easing from two-year highs on prospects for increased output. Losses were limited though as expectations that OPEC and other key exporters will agree this week to extend production limits provided support. Benchmark Brent crude oil was down 20 cents at $63.66 a barrel by 0820 GMT. […]
ONGC officers seek PM intervention to stall Oil Min move
ONGC officers association has sought Prime Minister Narendra Modi’s intervention to stall Oil Ministry’s plan to sell the company’s producing oil and gas fields, saying the move has highly damaging implications for the country. The Association of Scientific & Technical Officers (ASTO) cited examples of falling production at the western offshore Panna/Mukta fields that were […]
Editorial – December 2017
Supreme Court’s October 5 judgment is a big blow to the electricity consumers in the entire country while the impact will be immediately felt in Punjab. The judgment against Punjab disocm has allowed L&T, which operates a 1,400 MW thermal power plant at Nabha, a higher tariff than what they had quoted in their bids. […]