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 […]
Month: April 2018
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 […]
India to launch gas trading hub
The government plans to launch a natural gastrading hub by October, creating an Indian gas benchmark which will spark a surge in consumption of the cleaner-burning fuel. Oil regulator PNGRB has sought bids to hire a consultant to help develop a regulatory framework for operationalising the gas trading/exchange hub. “In order to further boost the […]
Oil markets tense on western strikes on Syria, rising US drilling
Oil prices fell on Monday as markets opened the week cautiously following western air strikes in Syria over the weekend, and as American drilling for new production continued to rise. The United States, France and Britain launched 105 missiles on Saturday, targeting what they said were three chemical weapons facilities in Syria in retaliation for […]
ReNew Power slapped with Rs 110-million fine for delay in MP solar project
The Supreme Court has slapped a penalty of Rs 110 million on Gurgaon-headquartered renewable energy company ReNew Power for delaying the commissioning of a 51-Mw solar power project in Madhya Pradesh by more than 210 days. The court, however, set aside the cancellation of the power purchase agreement (PPA) which the MP government had initiated. […]
Road sector revival: Projects being awarded at lower than reserve price
A slew of measures taken by the Union government have bolstered growth in the road sector, with nearly 80 per cent of the Engineering Procurement Construction (EPC) projects tendered last year being bagged by infrastructure developers quoting lower than the reserve price. These projects are expected to be completed within their timelines as the necessary […]
Suzlon commissions 626 MW wind power projects in FY18
Renewable solutions provider Suzlon said today that it has commissioned 626 MW of wind power projects in 2017-18 (FY18), the highest installations by any player during this fiscal. With this, Suzlon has gained a market share of 35 per cent despite an extremely challenging year for the sector and several hurdles due to the transition […]
Accion Diversified Fund awaits returns from its NuPower investment
While raising funds from Indian banks, NuPower Renewables had said its ‘marquee’ equity investor — Accion Diversified Strategies Fund (ADSF) is a private equity fund with a corpus of $250 million with investments all over the world. NuPower Renewables is the only India-based investment of ADSF, which has shown its address in Cayman Island, a […]
Oil eases as Trump backtracks on imminent Syria strike
Oil prices edged lower on Friday after U.S. President Donald Trump tempered remarks warning of an imminent missile attack on Syria, but were still set for their biggest weekly gains in more than eight months. NYMEX crude for May delivery was down 16 cents, or 0.2 percent, at $66.91 a barrel at 0632 GMT. For […]
Daring gamble to sell Air India hits turbulence in test for Narendra Modi
A plan to sell off India’s flagship airline is facing headwinds before it even gets started. Narendra Modi’s boldest asset sale yet is the proposed divestment of Air India, the nation’s money-losing flag carrier, has run into rough weather after some of the potential bidders opted out upset with the government’s terms. This setback, however, […]
Biometrics-based paperless air travel coming soon to India: SITA
Even as Aadhaar’s credibility is being questioned, paperless travel could soon become a reality, according to a top aviation expert. “Our research shows that 70 per cent of passengers in India said they would definitely use biometrics if given the option, removing the need to show a passport or boarding card at key points at […]