KUALA LUMPUR: A 40 per cent drop in oil prices over the last year has shaken up the energy sector, forcing companies to re-evaluate projects worth billions of dollars and sift through balance sheets to cut costs, executives said this week at a conference in Malaysia. Companies are also looking at forming alliances to reduce […]
Day: May 19, 2015
SC order upholding RPO big boost for renewable energy trading
New Delhi: A Supreme Court order last week has come as a major boost for compulsory purchase of renewable energy even though it is unlikely to increase the power costs for an industry dependent on captive power generation. With the apex court upholding renewable purchase obligation (RPO), power purchasers in all states would have to […]
ONGC seeks green nod for Rs 53k-cr KG-basin infra
Hyderabad: State-owned ONGC has approached the Ministry of Environment and Forests (MoEF) seeking clearance for drilling 45 Development Wells and other related infrastructure involving a cost of over Rs 53,000 crore in Krishna-Godavari basin. An expert appraisal committee (EAC) under the MoEF, however, sought more information in this regard. The block KG-DWN-98/2 or KG-D5 is […]
Shell receives $529 mn offer for French LPG business from DCC
LONDON: Shell has received a 464 million euro ($529 million) binding offer for its Butagaz liquefied petroleum gas (LPG) business in France from DCC , marking the next step in the Anglo-Dutch oil major’s drive to sell downstream assets. Support services group DCC is now in exclusive talks with Shell, which is discussing the offer […]
SpiceJet kicks off 3-day sale to celebrate 10 years of flying
NEW DELHI: SpiceJet, which completes ten years of flying this week, today launched a special discount offer called the Celebration Sale with fares starting as low as Rs 1,010 all inclusive. The three day sale launched today and will be open till midnight, May 21. The travel period covered in this sale is July 1, […]
Aranmula airport: Aviation Ministry to review nod
New Delhi: The Union Ministry of Aviation has informed that the in-principle sanction given to the Aranmula airport project will be re-examined. The ministry took the decision in the wake of the objections raised by the ministries of Defence and Environment and Forests, Minister of State for Aviation, Mahesh Sharma, said. Sharma said that the […]
Tamil Nadu to get power from Kudankulam’s nuclear power plant’s second unit in few months
CHENNAI: Tamil Nadu can expect to draw power from the second unit of Kudankulam nuclear power plant in next few months, a top official said today. “Kudankulam Unit II has been taken through a process of heating. After that dummy fuel was loaded. This exercise is over. All the pumps have been operated and the […]
Air India Airbus makes emergency landing, all 169 on board safe
LUCKNOW: An Air India Airbus carrying 169 passengers to Bhubaneshwar from Delhi landed under emergency conditions at the airport here today after a crack developed in its windshield. All passengers are safe. Airport Director S C Hota told PTI that AI-873 Airbus 321 was on its way to Bhubaneshwar when the pilot noticed a crack […]
Coal scam: Court frames charges against RSPL, 3 top officials
New Delhi: A special court today framed charges against Delhi-based Rathi Steel and Power Limited (RSPL) and its three top officials in a coal blocks allocation scam case. “Charges are framed under sections 120(B) read with 420 of IPC against all the four accused. Charge under section 420 of IPC is made out against RSPL […]
Commissioning Unit 2 of Kudankulam Nuclear Plant in advanced stage, says DEA chief RatanSinha
NEW DELHI: The process of commissioning Unit 2 of Kudankulam Nuclear Power Plant is at an “advanced stage” and fuel will soon be loaded into the reactor, Atomic Energy Commission chairman Ratan Kumar Sinha has said. The Nuclear Power Corporation of India Limited (NPCIL) had postponed putting the power unit 2 into commercial operation until […]