Buoyed by a good response for the first tender of mid-term (3 years) power purchase agreement auction, the power ministry will bring its second round for 2,500 MW capacities to give relief to stressed power assets, Power Secretary A K Bhalla said Tuesday. A PPA is a prerequisite for getting coal supplies for power plants. […]
Day: November 13, 2018
Gas to overtake coal as world’s second largest energy source by 2030: IEA
Natural gas is expected to overtake coal as the world’s second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the International Energy Agency (IEA) said on Tuesday. The Paris-based IEA said in its World Energy Outlook 2018 that energy […]
Oil markets may see a supply gap in the early 2020s, says IEA
Oil markets are entering a period of renewed uncertainty and volatility, including a possible supply gap in the early 2020s, the International Energy Agency (IEA) said on Tuesday. Demand for natural gas is on the rise erasing talk of a glut, as China turns into a giant consumer, it said. Solar PV is surging ahead, […]
Oil prices slip after Trump urges Saudi, OPEC against cutting production
Oil prices fell more than 1 per cent on Tuesday, with benchmark Brent crude slipping below $70 per barrel and US crude under $60, after US President Donald Trump put pressure on OPEC not to cut supply to prop up the market. The US dollar hovered near 16-month highs, making oil more expensive for importers […]
Singapore Airlines profit sinks on fuel costs, Virgin Australia losses
Singapore Airlines Ltd on Tuesday reported an 81 percent plunge in second-quarter earnings, hurt by higher fuel prices, lower airfares and non-cash losses at its part-owned Virgin Australia Holdings Ltd. The airline said bookings in the coming months were expected to be stronger year-on-year. “However, headwinds continue to persist in the form of cost pressures […]
Tata in active talks to buy majority stake in Jet Airways: sources
Indian conglomerate Tata Sons is in active talks to acquire a controlling stake in Jet Airways, four people aware of the talks told Reuters, in what could potentially be a lifeline for the debt-laden carrier. Tata is very interested in Jet but it is not at a stage of conducting due diligence or looking through […]