Public sector oil marketing companies have come to the rescue of flood-ravaged Kerala, assuring the state that there would be no letup in fuel supplies, including LPG, to help it tide over possible shortages. There are 2,020 fuel pumps in the state of which 280 have been totally submerged. As fuelling is an electrical operation, […]
Day: August 18, 2018
Financial distress in India’s thermal power sector
The thermal power sector accounts for $40-60 billion of potentially stranded assets that are continuing to trouble the Indian banking sector. Fifteen GW out of the stressed 40 GW has not yet been commissioned, as identified in the report of the Standing Parliamentary Committee on Energy earlier this year. Some 16.2 GW of coastal power […]
Kerala floods: With airport shut, Alliance Air looks to use Kochi Navy base
Alliance Air, a subsidiary of Air India, will operate a ‘proving flight’ to Kochi’s naval base on Saturday to study the safety aspects of operating ATR-type aircraft from there, a spokesperson of the national carrier said. Air India is trying to find a way to fly in and out of Kochi where the airport has […]