Daily Archives: December 5, 2017

Madhya Pradesh takes away must-run status & exemptions to renewable energy

Giving a shocker to the renewable energy industry in Madhya Pradesh, the state regulator has taken away the must-run status of power generated from renewable energy sources. In the latest order issued by the Madhya Pradesh Electricity Regulatory Commission (MPERC), it was said: “the generation from co-generation and renewable sources of energy to be subject

60 pc of PMUY beneficiaries bought 4 LPG refills: Pradhan

As many as four LPG cylinders are bought by about 60 per cent of the 3.2 crore poor women who were given free cooking gas connection, Oil Minister Dharmendra Pradhan said today. Since launch on May 1, 2016, more than 3.2 crore LPG connections, each costing Rs 1,600, have been given to poor women under

Oil steadies above $62, expected fall in U.S. inventory supports

Oil steadied above $62 a barrel on Tuesday as expectations of a drop in U.S. crude inventories and prolonged supply curbs by OPEC and other producers countered rising output in the United States. An OPEC-led producer group last week extended a supply-cutting deal through 2018, but the resulting support for prices could bolster U.S. output

ADB lends $583 mn for Reliance Power’s 750-Mw project in Bangladesh

ADB’s financing package includes loans and partial risk guarantees for the power generation facility, as well as for the LNG terminal. The total project cost is approximately $1 billion. “ADB’s partnership with Reliance Power will help Bangladesh scale up its energy infrastructure to sustain and support the country’s economic growth.” Michael Barrow, director-general of ADB’s

Rs 7,500 crore Bandra-Versova sea link plan cleared

The Maharashtra government today accorded administrative approval to the Versova-Bandra sea link (VBSL) project, eight years after the state cabinet committee on Infrastructure (SCCI) cleared it. In a Government Resolution, the state has pegged the project cost to be around Rs 7,502 crore and its length is estimated to be about 17.17 kms. The SCCI

Bhel to renovate ESP package at Kahalgaon plant for Rs 215 Cr

State-owned power equipment maker Bhel said today that it has secured an order worth Rs 215 crore for renovation and modernisation of electrostatic precipitators (ESPs) at Kahalgaon Super Thermal Power Station (STPS) in Bihar. Originally supplied along with the four units (4X210 MW) by Bhel, the ESPs have been in operation for more than 25

Want to make Air India vibrant: Raju

Civil aviation minister Ashok Gajapati Raju today said the government wants to make Air India vibrant for which plans on an ‘alternative mechanism’ was being worked out. The national carrier, entirely funded by government, was making losses and was now in a debt trap due to interest burden. “We want to make Air India a

Global airlines’ industry profit to hit $38.4bn in 2018: IATA

The global airlines’ industry is projected to record a higher net profit of USD 38.4 billion in 2018, primarily bolstered by strong demand, industry grouping IATA said today. The International Airport Transport Association (IATA) said the expected net profit is more than USD 34.5 billion projected for this year. The figure for 2017 was revised

China temporarily stops funding CPEC road projects over corruption reports

China has decided to temporarily stop funding at least three major road projects in Pakistan, being built as part of the $50 billion China-Pakistan Economic Corridor, following reports of corruption, a decision that has left officials in Islamabad “stunned”, a media report said on Tuesday. The decision by the Chinese government is likely hit over