Global coal demand will be subdued over the next five years, growing at just 0.5 percent a year, marginally higher than current levels, due to lower consumption in China, the International Energy Agency (IEA) said on Monday. Coal consumption fell last year by 1.9 percent to 5.357 billion tonnes from a year earlier as lower […]
Day: December 18, 2017
NTPC’s capacities dwindle after CEA deletes Patratu’s 325 MW
State-run power giant NTPC revised its installed and commercial capacities downward to 51,383 MW and 50,583 MW respectively after the Central Electricity Authority (CEA) deleted its 325 MW capacity of Patratu plant. In last May, the company had informed BSE about addition of 325 MW of Patratu Thermal Power Station of Patratu Vidyut Utpadan Nigam […]
Oil edges up on pipeline outage, though 2018 outlook cites ample supplies
Oil edged up on Monday, lifted by an ongoing North Sea pipeline outage and over signs that booming US crude output growth may be slowing, although the outlook for oil markets cites ample supplies despite ongoing production cuts led by OPEC. US West Texas Intermediate (WTI) crude futures were at $57.39 a barrel at 0447 […]
After DGCA whip, airlines junk flat Rs 3,000 cancellation fee
Cancellation charges for ‘cheap’ domestic air tickets will no longer be a flat Rs 3,000. Indian airlines say their domestic cancellation charges will be “Rs 3,000 or base fare plus fuel surcharge per passenger, whichever is lower.” This will provide relief to those who manage to buy cheap air tickets, mostly by buying in advance, […]
Power sector to be stable over 1.5 yrs; shift to renewables
Rating agencies Moody’s Investors Service and ICRA today said they have a stable outlook for the Indian power sector over the next 12-18 months and expects a change in its energy mix towards renewables. The stable outlook reflects their expectation of generally stable industry conditions and government policy initiatives, which will likely lead to improvements […]