India’s offshore wind power generation capacity is seen climbing to 30 Gw by 2030, on par with China and accounting for 30 per cent of the envisaged capacity of 100 Gw in Asian economies. As per the estimates of the Institute for Energy Economics & Financial Analysis (IEEFA), both China and India will ride the […]
Day: September 7, 2018
Oil treads water as US crude inventories fall, but trade tensions weigh
Oil prices held steady stable on Friday, as the market balanced a fall in U.S. crude inventories to the lowest levels since 2015, with Sino-American trade tensions and economic weakness from emerging markets. US West Texas Intermediate (WTI) crude futures were at $67.78 per barrel at 0448 GMT, up just 1 cent from their last […]
Government chalking out new turnaround plan for Air India; here’s how it proposes to reform airline
The Ministry of Civil Aviation is in the process of charting out a turnaround plan for the loss-making airline Air India, which has a huge debt of about Rs 55,000 crore, to make the airline stand on its own feet and privatise it when macro conditions improve, according to a report by The Indian Express. […]
Pollution regulator issues notices to Coal India for environmental non-compliance
The pollution regulator for the central Indian state of Odisha issued notices to Coal India mines with a combined annual capacity of 20 million tonnes for non-compliance on environmental norms, according to a document seen by Reuters. The notices, issued in July and August to 2 mines, alleged that the sludge treatment plant in one […]
Govt mulling sale of Air India’s ground handling services arm: Sources
The government is mulling strategic sale of Air India subsidiary AIATSL to raise funds and help cut debt of the national carrier, according to official sources. Strategic sale of Air India Air Transport Service (AIATSL), which provides ground handling services, is being planned as part of the turnaround scheme for Air India which is reeling […]