Petrol price in the national capital touched Rs 74.95 per litre on Tuesday, a fresh high, since it hit Rs 76.06 a litre in September 2013. Prices rose for a second day in a row after Indian Oil Corp (IOC) resumed the dynamic pricing system on Monday after a 19-day halt. In the other metropolitan […]
Day: May 15, 2018
India’s latest power debacle is Enron times 20
Enron Corp. is long gone, but the scandal it left behind in India has beguiled the country’s lenders for almost two decades. However, if the bankers who financed the U.S. energy company’s unviable power plant in Maharashtra state aren’t ruing that 2,000-megawatt debacle any more, it’s only because they’re now staring at a mess 20 […]
Solar & wind energy to employ over 300,000 to meet 175 Gw power supply goal
Over 300,000 workers will be employed in the solar and wind energy sectors in India to meet the country’s target of generating 175 gigawatts of electricity from renewable sources by 2022, the International Labour Organisation (ILO) has estimated in a report. The ILO said in its annual flagship report on the state of the global […]
First crude oil cargo from Abu Dhabi departs for Mangalore’s strategic crude oil reserve
The first consignment of 2 million barrels of crude oil from the UAE for India’s strategic petroleum reserve at Mangalore is en-route to India and will help it deal with supply side disruptions, Minister for Petroleum and Natural Gas Dharmendra Pradhan has said. The cargo is the first under an agreement between Abu Dhabi National […]
Global energy demand for air conditioners to triple by 2050: IEA
Global energy demand for air conditioners is expected to triple by 2050 and there is an urgent need to improve cooling efficiency, International Energy Agency (IEA) said today. The growing use of air conditioners in homes and offices around the world will be one of the top drivers of global electricity demand over the next […]
Hinduja National Power acquires Kiran Energy
Mumbai-based Kiran Energy Solar Power has been acquired by Hinduja National Power Corporation, part of the Hinduja Group, for an enterprise value of around Rs 900-950 crore, a source close to the development revealed. It is an all-cash deal in which Hinduja National Power will buy 100% shares of Kiran Energy. Yes Securities’ Sustainable Investment […]
HC seeks govt, DGCA’s stand on plea regarding pilots’ duty limitations
The Delhi High Court today sought the stands of the Centre and aviation regulator DGCAon the pleas of Air India and FIA, a body of major Indian airlines, on the issue of changes in the stipulated flight and duty time limitations (FDTL) of pilots. Air India and the Federation of Indian Airlines (FIA), which represents […]
Jet Airways offers fares starting Rs 967 for Udan flights
Full-service carrier Jet Airways today offered fares starting as low as Rs 967 for the Udan flights which it plans to operate from next month. The airline had yesterday announced the commencement of its operations under the government’s regional connectivity scheme, Udan, from June 14 onwards, with the first flight to be operated on the […]