Lucknow: BSP supremo Mayawati today criticised the power tariff hike in Uttar Pradesh and said it highlights the Samajwadi Party government’s “insensitiveness” towards common people. “It was due to failure of the SP government that consumers would be forced to pay heavy price for consuming electricity,” she said and demanded immediate rollback of the hike. […]
Day: June 22, 2015
Delhi Budget session may see debate on power
NEW DELHI: The seven-day budget session of Delhi assembly, starting on June 23 and ending on June 30, is likely to be a heated one over power cuts and tariff hike. In a first, setting the tone for the session, the petitions committee of Delhi legislative assembly has turned watchdog on power-related issues based on […]
Spain’s Gas Natural to buy Gecalsa for 260 million euros
Spain’s Gas Natural has agreed to acquire 100 per cent of renewable energy company Gecalsa for 260 million euros ($295 million). Gecalsa operates 10 wind farms and photovoltaic plant in Spain with installed capacity of 201.3 megawatts (MW) and is developing wind projects with more than 400 MW capacity.
Bharti group, SoftBank teaming up for India’s booming renewable energy market
NEW DELHI:Is the Bharti group together with Japanese conglomerate SoftBank making a big push into the fast-growing renewable energy market in India? There is growing speculation that could well be the case with the chairman of Bharti Enterprises Sunil Bharti Mittal and Japanese giant SoftBank’s founder, Mayasoshi Son addressing a joint press conference starting in […]
ATC staff shortage adds to delays at Mumbai airport
MUMBAI: The city’s airspace is notorious for being congested. But that’s a half-truth. The reality is that even when it is not congested, flights into and out of Mumbai get delayed because of a shortage of air traffic control (ATC) officers in Mumbai. “If the Mumbai ATC gets an additional 190 controllers, flight delays will […]
AP Transco buys out GVK Power’s plant in Andhra Pradesh
NEW DELHI: AP Transco has exercised its option to buy out GVK Power & Infrastructure’s 217 MW (Phase 1) power plant in Andhra Pradesh. “The Power Purchase Agreement (PPA) signed by GVK Industries Ltd, a step down subsidiary of the company (GVK Power & Infrastructure Ltd) with the erstwhile APSEB (now AP Transco) stands expired […]
AirAsia says aviation laws prevent it from consolidating associates’ accounts
KUALA LUMPUR: AirAsia refuted on Monday a report that had said the airline was unwilling to consolidate the accounts of its foreign associates and be more transparent about its finances, saying it was prevented from doing so by aviation regulations. Little-known Hong Kong-based GMT Research said in a June 10 report that AirAsia is unwilling […]