The allocations in Budget 2018-19 for flagship welfare projects in power infrastructure will boost the demand for power and is expected to have an overall good impact for the sector. Rs 3,800 crore has been allocated for Deendayal Upadhayaya Gram Jyoti Yojna (DUGJY) and Rs 4,900 crore for Integrated Power Development Scheme (IPDS). The government […]
Month: February 2018
AI plans to increase non-stop flights to SFO and Oz
Soon-to-be-privatised Air India is looking at majorly increasing the frequency of its popular nonstops to San Francisco (SFO) and Australia. The Delhi-SFO flight is currently six days a week and the Maharaja is planning a 50% increase by making it nine times a week. And the daily Delhi-Australia nonstop may be raised to 10 flights […]
IndRa has stable outlook on wind, solar for FY19; negative on thermal
While maintaining a stable outlook on the solar power sector, domestic rating agency India Rating has revised upwards the outlook on the wind power sector to stable from negative for FY19 but has maintained its negative outlook on the thermal power sector. Citing lack of visibility for tying up long-term power purchase agreements, the agency […]
Oil hits highest in nearly two weeks on Asian equity recovery
Oil prices extended gains to hit their highest level in nearly two weeks on Monday, buoyed as Asian shares joined a global recovery in equity markets and as worries grew over tensions in the Middle East. Prime Minister Benjamin Netanyahu said on Sunday that Israel could act against Iran itself, not just its allies in […]
Transmission charge waiver gives hope to solar, wind projects
Power produced from wind and solar projects will become viable, and more attractive for discoms as the government last week waived off inter-state transmission charges for wind and solar projects commissioned till March 2022, in a bid to encourage the use of power generated through these sources. “For generation projects based on solar and wind […]
India needs more “clean coal” investors: Global coal body
India needs to do more to attract foreign investment in technologies that can cut emissions from burning coal, a global coal trade association said on Friday, given that the fuel will be a main source of electricity in the country for decades. India, the world’s second-biggest greenhouse gas emitter, has set ambitious targets to raise […]
Electricity for all; PM flags concerns about water availability at summit
Prime Minister Narendra Modi on Friday said India believes in growth but was committed to protecting the environment. Addressing over 200 delegates at the World Sustainable Development Summit, the prime minister said respect for nature was part of the country’s culture. “We consider Earth our mother. India believes in growth but is also committed to […]
BHEL commissions 18 MW hydro-electric project in Punjab
State-run power equipment maker BHEL today said it has commissioned 18 megawatt (MW) Mukerian hydro-electric project (HEP) in Punjab. “With the commissioning of the second 9 MW hydro generating unit, Bharat Heavy Electricals Ltd (BHEL) has successfully commissioned the 18 MW Mukerian hydro-electric project (HEP) stage-II in Punjab,” the company said in a regulatory filing. […]
AAI to invest Rs 15,000 cr on airport terminals in FY19
The Airports Authority of India (AAI) will invest Rs 15,000 crore in financial year 2018-19 to expand the existing terminal buildings and construct new ones. AAI chairman Guruprasad Mahapatra said the authority has decided to have additional facilities at all the terminal buildings across the country. “All our terminal buildings will have additional facilities. For […]
Navi Mumbai airport to get Modi push, to handle 10 mn flyers every year
Prime Minister Narendra Modi will lay the foundation of the Rs 160-billion Navi Mumbai airport project on Sunday. First conceived nearly two decades ago, the airport project has missed several deadlines and has been mired in issues related to land acquisition and environment. With the existing Mumbai airport reaching saturation, the need for a second […]
BRO builds strategic road in remote Arunachal Pradesh district
The Border Roads Organisation (BRO) has achieved another major feat in Arunachal Pradesh by building an ‘operationally critical’ road and another bridge in the remote Upper Subansiri district of the state, along the India-China border. The construction work was undertaken by the BRO under its Project Arunank – an initiative to connect the inhospitable terrains […]
PM Modi gives weaker road builders a path to sell more bonds in FY18
Indian Prime Minister Narendra Modi has big plans for road building, and part of it includes giving weaker infrastructure contractors greater access to the local bond market. Finance Minister Arun Jaitley’s proposal to lower the investment threshold on rupee bond purchases for investors including pension funds to A from AA is set to benefit local […]