The Uttar Pradesh Electricity Regulatory Commission (UPERC) has disapproved three standardized power purchase agreements (SPPAs) for the procurement of 32.5 MW of bagasse-based power from generators by the Uttar Pradesh Power Corporation Ltd. (UPPCL). The UPPCL had filed three separate petitions seeking the approval of SPPA to procure bagasse-based power. Firstly, the UPPCL had petitioned […]
Month: December 2018
India sees over 9.5 GW of wind auctions since inception of reverse bidding in 2017
Since the inception of reverse bidding in India’s wind sector back in February 2017, approximately 10 GW of wind power projects have been auctioned in the country. The Minister for Power, Government of India, R. K. Singh stated in the Lok Sabha, “The wind power projects in the country are installed on the basis of […]
HPPC Asked to Study Commercial Viability of its Solar Project with Battery Storage
The Haryana Electricity Regulatory Commission (HERC) has asked the Haryana Power Purchase Centre (HPPC) to study the financial viability of a solar project coupled with battery energy storage system (BESS). The HERC was examining a petition filed by HPPC seeking approval to purchase 100 MW solar power with BESS on long-term basis, through competitive bidding, […]
BHEL bags Rs 3500 cr order from West Bengal
Bharat Heavy Electricals Limited (BHEL) said it has bagged a Rs 3500 crore order for setting up a 660 mw supercritical thermal power plant in West Bengal. The order for setting up the Sagardighi Thermal Power Project Extension Unit-5 at Manigram village in Murshidabad district of West Bengal has been placed on BHEL by West […]
Surging passenger numbers, policy promises dot turbulent skies in 2018
Navigating through tail winds and air pockets, the country’s aviation space recorded high passenger growth, battled oil shocks as well as survived mid-air scares in 2018. In the new year, the government would focus on making flying “as good as possible”, according to Civil Aviation Minister Suresh Prabhu. From spiralling costs and cut-throat competition pushing […]
Aviation sector saw high passenger growth, battled oil shocks in 2018
Navigating through tailwinds and air pockets, the country’s aviation space imbibed high passenger growth, battled oil shocks, as well as survived mid-air, scares in 2018, with the government focused on making flying “as good as possible” in the new year. From spiralling costs and cut-throat competition pushing airlines into the red to government initiatives aimed […]
Fuel prices down 30 paise, petrol at new 2018 low
Domestic fuel prices fell around 30 paise on Saturday as the cost of petrol touched fresh low levels for 2018 across the four metros. In the national capital, petrol price was at Rs 69.26 per litre, 29 paise down from the Friday’s levels of Rs 69.55 per litre, data on the Indian Oil Corp’s website […]
Five killed in coal mine accident in China
Five workers were killed while another remained trapped in a coal mine accident in east China’s Fujian Province, local authorities said Saturday. The accident occurred Friday at a coal mine in Yongding District in the city of Longyan, the district’s publicity department said, without elaborating on what kind of accident it was. Nine people were […]
Coal India to start rescue ops in Meghalaya coal mine
Coal India Limited (CIL) on Thursday said it is preparing to launch a rescue operation at the coal mine in Meghalaya’s East Jaintia Hills to rescue the 15 trapped miners. The miners have been trapped in the mine since December 13 after it got flooded. General Manager of CIL’s Northeastern Coalfields, J. Borah said the […]
France’s Vinci Airports to buy majority stake in London Gatwick for $3.7 billion
Vinci Airports, part of France’s Vinci, will buy a 50.01 percent stake in London Gatwick Airport for about 2.9 billion pounds ($3.67 billion), it said on Thursday. The other 49.99 percent of the second largest airport in Europe will be managed by Global Infrastructure Partners, Vinci said.
Indian Oil, ONGC, NTPC most profitable PSUs in FY18
Indian Oil Corporation, ONGC and NTPC emerged as the top three most profitable PSUs in 2017-18, while BSNL, Air India and MTNL incurred the highest losses for the second consecutive year, according to a survey tabled in Parliament Thursday. The Public Enterprises Survey 2017-18, which mapped the performance of central public sector units, revealed that […]
Govt has prepared revival plan for Air India: Jayant Sinha
The government has prepared a revival plan for Air India that provides for a comprehensive financial package, differentiated strategies for each of the airline’s core businesses and robust organisational reforms, Union Minister Jayant Sinha said Thursday. Various initiatives to turnaround the national carrier, which is staying afloat on a bailout package extended by the previous […]