NEW DELHI:Days after DERC increased the electricity tariff in the city, the Delhi government shot off a letter on Monday to the regulatory watchdog questioning the justification of the hike and asked it to review the power purchase adjustment charges surcharge and withdraw it in public interest. In a letter penned by power secretary Sukesh […]
Day: June 16, 2015
Boeing wins AerCap order for 737 MAX jets worth $10.7 billion
PARIS: Boeing Co won an order for 100 737 MAX 8 passenger jets from Dutch aircraft leasing company AerCap at the Paris air show on Tuesday, in a deal worth $10.7 billion at list prices. The news confirmed a Reuters report that Boeing was close to clinching the long-sought deal. “This is something we have […]
Modi government plans selling 3% stake in BPCL to raise Rs 1,800 crore
The government plans to sell 3 per cent stake in Bharat Petroleum Corp Ltd, the nation’s second largest state oil firm, this fiscal to raise around Rs 1,800 crore. Finance Ministry has moved a Cabinet note for inter-ministerial consultations for selling 2.16 crore shares in BPCL through a public offer, official sources said. At current […]
Boeing says govt loans for Airbus A380neo would go against WTO rulings
PARIS: Boeing Commercial Airplanes Chief Executive Ray Conner said at the Paris air show on Tuesday that any government loans for a revamped version of Airbus’ A380 superjumbo would go against recent World Trade Organization rulings. Asked about reports that Airbus would apply for European government loans for the A380neo’s development, Conner said: “Whether they […]
NHPC restores 4th unit of Uri-II power station in Jammu & Kashmir
State-owned NHPC has restored a unit of the Uri-II power station in Baramulla district, Jammu & Kashmir, which had been shut down following a fire incident in November last year. The Unit-4 is the first turbine that has been made operational after a fire broke out at the plant in November last year. All four […]
Wind sector to add over 3,500 MW capacity in 2015-16
Wind energy turbine manufacturers expect additional installation of over 3,500 mega watt (MW) in 2015-16. Madhusudan Khemka, chairman, Indian Wind Turbine Manufacturers Association (IWTA) said that in 2014-15, the wind energy sector saw addition of 2,310 MW. He added that the figure could have been higher if some of the state-related issues had been resolved […]
Air France union says ‘not at war’ with management
PARIS:The trade union saying it represents 65 percent of Air France’s pilots criticised its plan for new cost cuts and line closures, but said it was “not at war” against the management, indicating no strike plans for now. “We dispute both the methodology and the logic of these statements,” the SNPL union said in a […]
India and other emerging markets to drive $5 trillion aircraft demand: Airbus
PARIS: Growing passenger traffic in India and other emerging markets would help generate aircraft demand worth about $5 trillion in 20 years and the fleet across aviation industry would more than double by 2034, Airbus said today. The domestic traffic flow in India alone is estimated to grow nearly 6 times in this period, making […]