Power producers are still evaluating Coal India’s claim that its new pricing policy will bring down fuel costs for generating electricity. The state-owned coal monopoly has announced introduction of a calorific value-based pricing policy for power sector consumers from April, and issued an indicative chart for these customers. While one major power company said the […]
Day: January 19, 2018
Crude oil prices at $60 conducive to revenue growth: Air India CMD
Crude oil prices at around $60 per barrel is the “ideal” level for Air India to sustain its new-found revenue growth, the airline’s Chairman and Managing Director (CMD) Pradeep Singh Kharola said. When asked about the surge in crude oil prices and its impact on Air India’s revenue growth, Kharola told IANS: “I believe the […]
US to overtake Saudi as crude oil producer: IEA
The United States are set to overtake Saudi Arabia as the world’s number two oil producer this year, as shale companies, attracted by rising prices, ramp up drilling, the International Energy Agency said today. “This year promises to be a record-setting one for the US,” the IEA wrote in its monthly market report. Crude production […]
Sluggish rooftop solar scheme spurs government to work on new plan
Concerned over the inactivity in the country’s rooftop solar programme, the government today said only one GW rooftop solar capacity has been set up against the target of 40 GW and a new plan is in the making to end the shortcomings. Concerned over the inactivity in the country’s rooftop solar programme, the government today […]