Jet Airways seeks to rework vendor contracts to cut costs

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 […]

CERC charts plan to redesign India’s power market

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 […]

Torrent Power Gets Approval to Procure Wind at ₹3.27/kWh in Gujarat

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 […]