British private equity firm Actis is close to signing a deal to buy the solar power portfolio of Indian conglomerate Shapoorji Pallonji, three people aware of the development said on Tuesday. The acquisition of Shapoorji’s 400 megawatt (MW) solar power portfolio will be done via a renewable platform owned by Actis named “Sprng Energy” at […]
Day: April 17, 2018
From Delhi to Mumbai in 12 hours flat? Expressway to be ready in 3 years
Union Minister for Road Transport and Highways Nitin Gadkari on Monday said the government would start building a new expressway connecting Gurgaon and Mumbai. The project will cost approximately Rs 1 trillion. This comes as a huge relief to those who frequently travel between Delhi and Mumbai as this expressway would cut down the travel […]
India probes dumping of EVA sheets for solar modules by 5 nations
India has initiated a probe into the alleged dumping of EVA sheets used in solar cell industry, imported from China, Malaysia, Saudi Arabia, South Korea and Thailand. The investigation on imports of ‘Ethylene Vinyl Acetate (EVA) sheets for solar modules’ is carried out by the Directorate General of Antidumping and Allied Duties (DGAD), which is […]
India’s ONGC files arbitration claim against Sudan over unpaid oil dues
The foreign acquisition unit of India’s Oil and Natural Gas Corp’s (ONGC) has filed an arbitration claim against the government of Sudan in a London court, a company official said, seeking to recover dues pending for years from a project hit by the breakaway of South Sudan in 2011. People familiar with the matter in […]
Shell out more to sit with family on Air India flights
National carrier Air India on Monday introduced seat selection fee for most rows on both domestic and international flights. Earlier, it used to charge only for the front row seats on long-haul flights. With this, yet another airline has imposed the middle seat selection fee or “family fee” as it is known in certain countries […]
Swamy calls for delaying AI sale to 2019, dropping Jayant Sinha as minister
Senior BJP leader Subramanian Swamy today asked the government to defer stake sale in Air India to next year and also sought dropping of Minister of State for Civil Aviation Jayant Sinha from the government. His remarks come a day after RSS chief Mohan Bhagwat said that the control and management of the national carrier […]
Westinghouse emerging from bankruptcy, capable of delivering India nuclear reactors: Rick Perry
US Energy Secretary Rick Perry said today that Westinghouse Electric Co is emerging out of bankruptcy and is now capable of delivering the planned six nuclear reactors to India on time. On his first visit to India, Perry said India must look at “broad portfolio” of energy sources to deliver reliable electricity to its growing […]
With different ceiling rates, 7,670 MW solar projects on offer across India
India would see close to 7,670 MW of solar power projects to be tendered in the next two months which will have a benchmark price. However, it will vary as per the location. This is the first time that differential ceiling rates have been set and do not have viability gap funding for the bidder […]