Daily Archives: 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

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

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