Australia’s New South Wales state kicked off its much-anticipated A$13 billion ($10 billion) energy sale on Thursday, with keen interest expected from Canadian and Australian pension funds as well as Chinese state-owned enterprises. State treasurer Gladys Berejiklian said the country’s most populous state will give potential bidders until July 14 to register their interest to […]
Day: June 25, 2015
Discoms oppose DERC’s order on purchase costs
The Delhi Electricity Regulatory Commission and the power distribution utilities are heading for a face-off over power purchase costs. In its order on power purchase adjustment surcharge (PPAC), DERC disallowed power purchase and related generation costs from three central sector plants – Anta, Auraiya and Dadri Gas – for all three discoms, claiming that the […]
First Solar starts commercial operation of 20 mw solar plant
US-headquartered solar power developer First Solar today said that it started commercial operation of its 20 MW solar plant in Telangana. The 20 MW PV project “is part of a larger 200 MW projects portfolio which is wholly-owned by First Solar and is in various stages of construction in India,” the company said in a […]
IAG offers concessions in bid for EU approval for Aer Lingus deal
British Airways-owner IAG has offered concessions in an attempt to win European Union regulatory approval for its planned acquisition of a 25 per cent stake in Ireland’s Aer Lingus, the European Commission said on Thursday. IAG wants to expand lucrative transatlantic services from Dublin airport where there is spare capacity, unlike London’s Heathrow where its […]
Kempegowda International Airport set to sport a trendy look by October
The terminal one (T1) at the Kempegowda International Airport is set to sport a trendy look by October – four years after Bangalore International Airport Limited (BIAL) started the work on the project. As part of this face-lift, the airport will also be hosting new brands in food and beverages, cosmetics, etc. A new kids’ […]
Low-cost carrier Air Pegasus to launch Madurai-Bengaluru flight tomorrow
Low-cost carrier Air Pegasus today said it would launch its Madurai-Bengaluru flight tomorrow. Ashwin Thomas, Director of Air Pegasus, said that an ATR 72-500 plane with a 66-seat capacity would be operated between this temple city and the IT city. He said the flight would leave Bengaluru at 10.40 AM and reach Madurai at 12 […]
Government wants CIL to keep coal prices low for cheaper power
The government wants state-run CIL to keep coal prices low for cheaper power tariff, a top official said today. “Government of India owns majority of shares in Coal India (CIL). In the board we convey concerns of government to keep tariff (power) down. They will have to keep the price of coal down,” Coal Secretary […]