Debt-laden Jet Airways India Ltd. is trying to renegotiate contracts with its vendors as lenders demand a revival plan by month-end from India’s second-largest airline by passengers, according to people with knowledge of the discussions. The Naresh Goyal-led airline is in talks to defer or reduce payments to vendors including aircraft lessors and those providing […]
Odisha Chief Minister Naveen Patnaik on Monday urged Prime Minister Narendra Modi to instruct Air India (AI) authorities to begin flight operations between the state’s Jharsuguda city and Delhi. In a letter to the Prime Minister, Patnaik requested for having Veer Surendra Sai Airport at Jharsuguda as a stopover for one of the national carrier’s […]
India expects to launch a third round of auctions for the exploration of oil blocks under its open acreage licensing programme within next few weeks, according to a government statement Exploration blocks offered in the third round to be spread over 32,000 square km, the government said. India on Monday launched the second round of […]
Oil prices jumped around 1.5 percent on Monday, pushed up by optimism that talks in Beijing can resolve a trade war between the United States and China, while supply cuts by major producers also supported crude. Brent crude futures were at $57.93 per barrel at 0635 GMT, up 87 cents, or 1.5 percent, from their […]
Andhra Pradesh has come up with a new solar with the aim to promote widespread usage of solar power and targets a minimum total solar power capacity addition of 5,000 MW in the next five years in the state. This policy will remain applicable for a period of five years or until a new policy […]
In a recent discussion paper titled Market Based Economic Dispatch of Electricity: Re-designing of Day-Ahead Market (DAM) in India, the Central Electricity Regulatory Commission (CERC) has analyzed India’s power market, highlighting the scope for further optimization of scheduling and dispatch of generation. Understanding the need to bring about improvements in the current market design, for […]
People from Northeast will soon be able to take subsidised flights to Dhaka and Bangkok, as the government has approved these flights under the phase 3 of the Ude Desh ka Aam Nagrik (UDAN) scheme. “Two routes have been approved and flights should start by the end of March,” said a senior aviation ministry official, […]
After reviewing a petition filed by CLP Power Private Limited, the Gujarat Electricity Regulatory Commission (GERC) has set ₹3.27 (~$0.047)/kWh as the tariff in the power purchase agreement (PPA) signed between Torrent and CLP for the procurement of 49.6 MW of wind power. CLP Power Private Limited had requested the Gujarat commission to direct Torrent […]
Bermo police arrested one person suspected to be linked with illegal coal trade on Sunday.
Today on January 4, another new record of maximum demand for power has been created in Madhya Pradesh. The maximum demand for power in the history of the state crossed 13,950 MW at 9.15 am on January 4 which was met out successfully. There was no interruption in supply of this maximum demand anywhere in […]
Over 30,000 Brihanmumbai Electricity Supply and Transport (BEST) employees, including bus drivers and conductors, will go on an indefinite strike from Monday midnight.
Enhanced focus on expeditious project execution has resulted in Bharat Heavy Electricals Limited (BHEL) creating a new benchmark of successfully commissioning a 800 MW thermal unit within a record time of 46 months.