Oil prices declined on Thursday on lingering concerns that slowing global economic growth may limit fuel demand and after a surprise build in U.S. crude inventories. International Brent crude oil futures were at $60.85 a barrel at 0627 GMT, down 29 cents, or 0.5 percent, from their last settlement. U.S. West Texas Intermediate (WTI) crude […]
Day: January 24, 2019
India’s natural gas production rises 4.2% in December 2018
Natural gas output declines 0.2% to 24.65 bcm in April-December 2018 India’s natural gas production increased 4.2% to 2.87 billion cubic meters (bcm) in December 2018 over a year ago. Natural gas output of ONGC increased 9.8% to 2.20 bcm, while that of private and JV companies fell 14.9% to 0.44 bcm. Further, the natural […]
Power Purchase Agreements for 23 MW of solar projects approved in Haryana
The Haryana Electricity Regulatory Commission (HERC) has issued an order approving the power purchase agreements (PPAs) of solar projects totaling 23 MW. The commission was examining a common petition filed by Haryana Power Purchase Centre (HPPC) for the approval of a draft PPA it had signed with four solar project developers and a referral by […]
India sanctioned energy storage projects worth ₹115 million in last 4 years
India is now working toward a National Energy Storage Mission (NESM) to keep pace with the changing dynamics of the energy market. As energy storage projects are almost negligible in India, efforts have been made to tender and auction solar and wind capacity along with battery energy storage in the country. Energy storage is one […]
Technology centres on solar energy, water treatment to be launched in Chennai
Department of Science and Technology will launch three technology centres in Chennai on Friday to promote solar energy and water treatment. The centres located at Institute of Technology Madras (IITM) in Chennai is set to be inaugurated by Dr Harsh Vardhan, Union Minister for Science and Technology, Earth Sciences and Environment, Forests and Climate Change. […]
Uttar Pradesh to amend regulations for captive and renewable energy generating projects
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has issued a concept paper to amend its Captive and Renewable Energy Generating Projects (CRE) Regulations 2014. The UPERC wants to incorporate the benefit of maturity and learning of the sector to address new perceived challenges and to make existing regulatory framework reflective of the current conditions in […]
Electronic waste produced every year weighs more than all airlines ever built: WEF report
Indicating a major health and environmental crisis, the amount of electronic waste produced every year is set to grow to 120 million tonnes by 2050 from 50 million tonnes currently — which already weighs more than all the commercial planes ever built, a report said. In the report released here in collaboration with the UN-E-Waste […]
Sebi says no reference received on relaxing rules in Jet Airways matter
Markets watchdog Sebi Thursday said it has not received any reference on relaxation in rules regarding Jet Airways. The regulator’s statement comes amid reports that relaxations have been sought by Gulf carrier Etihad for infusing additional funds into crisis-hit Jet Airways, which is listed on the exchanges. In its brief statement issued in the afternoon, […]
Delhi Commission Directs DISCOM to Sign PPA for Waste to Energy Project
The Delhi Electricity Regulatory Commission (DERC) has ordered the distribution companies (DISCOMs) in the national capital to enter into power purchase agreements (PPAs) for procuring power from Tehkhand Waste to Electricity Project. The commission was examining a petition filed by the South Delhi Municipal Corporation (SDMC). BSES Rajdhani Power Limited, BSES Yamuna Power Limited, Tata […]
Japan Airlines to start daily Bengaluru-Tokyo service from next year
Japan Airlines (JAL) on Thursday said that it will start a daily non-stop flight between Tokyo and Bengaluru from the summer of 2020. On Wednesday, Japan’s largest airline All Nippon Airways (ANA) announced that it is going to start a direct flight from Tokyo to Chennai in winter this year. A non-stop flight does not […]
Airbus boss warns no-deal Brexit could spark ‘very harmful decisions for UK’
Airbus chief Tom Enders warned Thursday that a no-deal Brexit could prompt the European aerospace giant to make “very harmful decisions” for Britain, branding the government’s handling a “disgrace”. The aircraft manufacturer currently employs 14,000 people in Britain, including sites at Filton in southwest England and Broughton in north Wales, designing and manufacturing wings. “If […]
Air India Express to start first direct Sharjah-Surat flight service from Feb 16
Air India Express will launch its first direct flight service from Surat to Sharjah on February 16 and will also expand services from Gulf to Kannur in Kerala. The carrier, the international budget arm of Air India, will deploy Boeing 737-800 NG aircraft on this route. The flight will depart from Sharjah at 7:35 PM […]