Chandigarh-based Hartek Power has bagged an order from Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) for executing a 132-KV substation project at Kundli and Rai in Sonepat district of Haryana. To be commissioned at a cost of Rs 9.17 crore, this HSIIDC project will involve designing, manufacturing, supply, erection, testing and commissioning of 16/20-MVA […]
Day: July 10, 2018
European firms keen on setting up facilities in MIHAN: Official
Nearly 400 acres of land at MIHAN has been reserved for the aviation sector and some European companies have evinced interest in setting up their facilities there, an MADC official said. At least two to three European aviation entities are keen on establishing their facilities in MIHAN (Multi-modal International Cargo Hub and Airport at Nagpur) […]
Gas retailing bids: RIL-BP joint venture seeks licence for 15 cities, IGL 13
The Reliance-BP joint venture today bid for licence to retail gas in 15 cities while Indraprastha Gas Ltd put in bids for 13 cities. Bidding for the biggest city gas distribution licensing round, offering 86 permits for selling CNG and piped cooking gas in 174 districts in 22 states and union territories, closes this evening. […]
Kejriwal’s most ‘generous’ electricity subsidy is inefficient and open to financial engineering
The subsidy being given by the Delhi government is most ‘generous’ in India but is also ‘inefficient’ and open to ‘financial engineering’, a research report by Brookings has said. In a scathing report, Brookings has pointed out that it is “ostensibly the middle classes that enjoy “more benefits on a percentage basis than the lowest […]
Oil rises above $79 a barrel on Norway strike, Libyan disruption
Oil prices rose by more than $1 dollar per barrel on Tuesday due to growing global supply outages, with Norway shutting down one oilfield as hundreds of workers began a strike and Libya saying its production more than halved in recent months. The disruptions add to supply worries around the world. Venezuela’s production has collapsed […]
South Korea wants PMO to untie power knots, raises concerns over fate of Korean investments
South Korea has sought the intervention of the Prime Minister Narendra Modi’s office (PMO) to instil confidence among Korean investors, while airing serious concerns over the fate of existing Korean investments in the Indian power sector. South Korean president Moon Jae-in is touring India since Sunday. Ahead of a summit with PM Modi to discuss […]
Vadodara airport to switch to solar power soon
The Vadodara airport will soon switch over to solar energy for its everyday operations to cut down its electricity cost, a senior airport official said. “The airport is all set to start using clean and green energy for its day to day operations, as its ground-mounted grid-connected solar plant is ready for commissioning,” Vadodara airport […]