State-run NLC India Ltd today said it has passed on the benefit of lower power tariff amounting to about Rs 683 crore to distribution firms following reduction in transfer price of lignite. NLC said it has been able to reduce Lignite Transfer Price for captive use by around Rs 300/tonne leading to lowering of power […]
Day: June 4, 2018
Greenko raises $450 mn, to set up 11 Gw integrated renewable projects
Hyderabad-based Greenko Group has raised $450 million for investing in its new business model — setting up integrated round-the-clock renewable energy projects. Company sources said it will set up close to 11 Gw of hydro along with solar or wind and storage facility. GIC, which already has 60 per cent stake in the company along […]
ICRA pegs wind energy capacity addition at 3-3.5 GW in FY’19
Wind energy capacity addition is estimated at about 3-3.5 GW in FY2019 and the viability of bid tariffs and inter-state connectivity will be key headwinds for developers, ratings agency ICRA said today. The project awards so far are expected to improve the capacity addition in the wind power segment to about 3 to 3.5 GW […]
Vadodara airport seeks nod to operate round-the-clock
The Vadodara airport authorities have sought permission from the Airports Authority of India (AAI) for operating the facility round-the-clock. At present, the airport, located in the city’s Harni area, operates from 6 am to 9.45 pm. It operates around 22 commercial flights per day. In addition, private airline Jet Airways is also set to launch […]
Air India sexual harassment: Maneka tells airline to complete probe by June
Union Minister Maneka Gandhi on Monday directed the head of the Internal Complaints Committee of Air India to complete within June the inquiry into a complaint of sexual harassment lodged by an air hostess of the national carrier against its senior executive. The move comes after the air hostess met the Union Women and Child […]