Daily Archives: January 7, 2019

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

Oil rises on U.S.-China trade talks, OPEC-led supply cuts

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

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

Subsidised international flights from Guwahati under UDAN 3

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,

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