The Maharashtra Electricity Regulatory Commission (MERC) in its latest order has clarified that open access consumers can avail open access throughout the year and are entitled for adjustment of the banked units if it sources power from the same generator. The commission was responding to a petition filed by Krishna Valley Power Pvt. Ltd. (KVPPL) […]
Day: January 16, 2019
Singapore’s low-cost airline Scoot to expand service in India
Singapore-based budget carrier Scoot on Wednesday said that it would expand its service in India with the addition of three new destinations Coimbatore, Trivandrum and Visakhapatnam. The long-haul, low-cost, wholly-owned subsidiary of Singapore Airlines entered Indian market in 2016 with flight services to Chennai, Amritsar and Jaipur. Flights to Trivandrum (5-times weekly) will commence from […]
Leh, Kargil finally plug into national power grid
More than 70 years after Independence, an engineering feat by state-run transmission utility PowerGrid has made it possible for India’s northernmost areas in Jammu & Kashmir to plug into the national electricity network to bring ‘one-nation-one-grid’ closer to reality. On Saturday, PowerGrid and Jammu and Kashmir power department switched on the Alusteng-Alunday stretch of the […]
Madhya Pradesh Electricity commission condemns payment delay by discom to Adani Green
The Madhya Pradesh Electricity Regulatory Commission (MPERC) has dismissed a review petition filed by Madhya Pradesh Power Management Company Limited (MPPMCL) seeking relief against an order issued by the commission for a case between MPPMCL and Adani Green Energy. MPPMCL is the holding company for all the DISCOMs of Madhya Pradesh. In 2017, Adani Green […]
India to buy $5-bn oil & gas, $18-bn defence equipment from US: Envoy
India has committed to purchase $5 billion worth of oil and gas from the US per annum and $18 billion worth of defence equipment that is under implementation, a top Indian diplomat said, highlighting the growing bilateral trade cooperation. The US export to India has gone up by at least 30 per cent, India’s Ambassador […]
Jet Airways defers Boeing 737 Max deliveries on payment issues
Jet Airways has been forced to defer some of its Boeing 737 Max deliveries due to payment issues to its lessors, said two people in the know. India’s second biggest airline was supposed to get three of the planes in December and three more in January. “Boeing has made the deliveries but they are stuck […]
SBI along with other lenders, stakeholders working on resolution plan: Jet Airways
Crisis-hit Jet Airways Wednesday said State Bank of India along with other lenders and stakeholders is working on a comprehensive resolution plan to turnaround the airline. The full service carrier, which has been grappling with financial woes, defaulted on loan repayment to a consortium of Indian banks led by State Bank of India (SBI) on […]
Delhi’s Draft RPO and REC regulations make way for stricter implementation
The Delhi Electricity Regulatory Commission (DERC) has issued draft regulations for the implementation of renewable purchase obligation (RPO) and renewable energy certificate (REC) framework. The draft is up for comments and suggestions up to February 20, 2019. The regulations will apply to DISCOMs, captive users and open access consumers in Delhi. These regulations will come […]
Hope Jet Airways, Etihad, lenders reach a common plan, says govt official
Amid concerns over the financial health of Jet Airways, the Civil Aviation Ministry Wednesday expressed hope that the airline, its strategic partner Etihad and lenders reach a “common plan” to deal with the situation. Jet Airways, which has also defaulted on loan repayments, is looking to raise funds and is in discussions with Etihad and […]
Goa and Union Territories to have project specific solar tariffs
The Joint Electricity Regulatory Commission (JERC) for the state of Goa and union territories has extended the control period of JERC’s 2015 regulations for grid-connected solar power by three years. The order will now be applicable up to May 14, 2019. As the term of the previous regulations was to expire in May 2018, the […]