The government has connected about 96 per cent of households across the country with electricity supply, and hopes to take power lines to the rest by January 26. That’s a significant achievement the Narendra Modi government will showcase to the voters before the next Lok Sabha elections. It all started with Jaitley announcing the Deen […]
Day: January 15, 2019
India to add 1,000 aircraft over next 7-8 years: Government official
The country is going to add 1,000 aircraft over the next 7-8 years, a top government official said Tuesday. “We would be adding about 1,000 more aircraft in about next 7-8 years,” Ministry of Civil Aviation secretary, RN Choubey, said, adding that the country will be adding 100 more airports, and one billion trips in […]
Generic renewable energy tariff to act as ceiling tariff for competitive bidding: MERC
“The generic tariff fixed by the commission in cases where competitive bidding is also permissible should act as the ceiling tariff for guiding the competitive bidding process,” said the Maharashtra Electricity Regulatory Commission (MERC) in its recent order. It was responding to a review petition filed by Tata Power Renewable Energy Limited (TPREL). In the […]
India’s air passenger traffic to touch 1.1 bn in 2040, says MoCA vision document
India’s air passenger traffic is expected to grow six-fold to 1.1 billion and the number of operational airports increase to around 200 in 2040, according to Ministry of Civil Aviation’s vision document released Tuesday. India was the seventh largest aviation market with 187 million passengers — travelling to, from and within India — in financial […]
BHEL to Set Up 129 MW of Solar Projects in Telangana for Singareni Collieries
Bharat Heavy Electricals Limited (BHEL), a public sector undertaking (PSU) involved in the manufacturing of electrical equipment, has won an order for setting up 129 MW of solar power projects in Telangana from Singareni Collieries Company Limited (SCCL). This is by far the largest solar power project order won by BHEL with a value of […]
Adani Green Energy acquires remaining 51% stake in Karnataka’s Kodangal Solar Parks
Adani Green Energy has announced the acquisition of a 51 percent equity share capital in Kodangal Solar Parks Private Limited (KSPPL), comprising a 20 MW solar project which was incorporated back in August 2015. In a filing to the Securities and Exchange Board of India (SEBI), Adani Renewables mentioned that it has acquired the remaining […]
Not interested in Jet Airways as backed by enemy state: Qatar Airways CEO
Qatar Airways will not buy a stake in Jet Airways as a substantial portion of the debt-laden Indian carrier is held by Etihad Airways, whose owner Abu Dhabi is an “enemy” of Qatar, its CEO Akbar al-Baker said on Tuesday. Abu Dhabi is part of the United Arab Emirates that cut ties with Qatar in […]
Oil prices rise 1 percent amid supply cuts, but economic slowdown dims demand outlook
Oil prices rose by around 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook may soon weigh on growth in fuel demand. International Brent crude oil futures were at $59.62 per barrel at 0740 GMT, up 63 cents, or 1.1 percent, from their last close. […]