The Ministry of New and Renewable Energy (MNRE) has launched a new website for solar developers that will issue concessional customs duty certificates. These concessional certificates are given for setting up power generating projects using non-conventional materials. The website will simplify the process for developers seeking the certificates for importing items that are used for […]
Day: January 30, 2019
Oil prices steady, torn between Venezuela sanctions and gloomy economy
Oil prices held steady on Wednesday, boosted by concerns about supply disruptions following U.S. sanctions on Venezuela’s oil industry but pegged back by a bleak outlook for the global economy. U.S. West Texas Intermediate (WTI) crude futures were at $53.34 per barrel at 0950 GMT, up 3 cents or 0.06 percent. International Brent crude oil […]
Saudi Arabia announces 1.5 GW Solar Tender
In line with the country’s National Renewable Energy Programme (NREP), Saudi Arabia’s Renewable Energy Project Development Office (REPDO), has invited expressions of interest for seven greenfield solar PV projects with a combined potential capacity of 1.5 GW. The scope of work includes the design, development, engineering, financing, procurement, construction, commissioning, testing, completion, ownership, insurance, and […]
Solar imports: Solar duty on cheap Chinese imports fails domestic producers as demand dwindles
India’s bid to protect its solar-equipment makers by imposing a safeguard duty on cheap, Chinese imports has failed, according to domestic manufacturers, who are campaigning for tougher measures. The country last year imposed a 25 percent tariff on solar cells and modules imported from China and Malaysia for two years. That has resulted in developers […]
IOC Q3 net profit dives 90% on inventory losses due to falling oil prices
State-owned Indian Oil Corp (IOC) Wednesday reported 91 per cent plunge in December quarter net profit after it suffered inventory losses due to falling oil prices. The company logged a profit of Rs 716.82 crore, or Rs 0.76 per share, in the third quarter of 2018-19 financial year, showing a decline of 90.9 per cent […]
NTPC Q3 net profit marginally up at Rs 2,385 crore as higher costs weigh
State-run power giant NTPC posted a Rs 2,385.41-crore net profit in the December 2018 quarter, almost flat as compared to the year-ago period, mainly on account of higher fuel and borrowing costs. The company’s standalone net profit was Rs 2,360.81 crore in the corresponding period of the previous fiscal, a BSE filing said. Its total […]
Illegal charging by E-Rickshaws in Delhi leads to ₹1.5 billion in losses to discoms
Power theft for the purpose of charging of e-rickshaws has cost the distribution companies in Delhi approximately ₹1.5 billion (~$21.08 million) in a year, according to a report from PTI. The three DISCOMs that supply power to the national capital are – BSES Yamuna Power Limited (BYPL), BSES Rajdhani Power Limited (BRPL), and Tata Power […]
Power supply deficit stood at 0.6% during April-December 2018
According to a Central Electricity Authority’s (CEA) provisional report, India recorded a power supply deficit of 0.6 percent in the nine-month period between April and December 2018. During this period, 965,589 million units (MUs) of energy were supplied against the demand of 971,490 MUs. This implies a deficit of 5,901 MUs over the targeted energy […]
24X7 flights by March 31
The Chandigarh international airport will be functional for round-the-clock flying operations by March 31, the Central Government told the Punjab and Haryana High Court today.
Electricity supply to Patnitop restored
Udhampur: Power supply was restored at the Patnitop tourist resort on Tuesday after it was snapped due to heavy snowfall earlier this week. Officials said tourists were badly affected
Pak team inspects dam site of Pakal Dul power project
A high-level Pakistani team of the Permanent Indus Commission on Tuesday visited the dam site of the 1,000-MW Pakal Dul hydro-electric project being built on the Chenab river basin in Kishtwar district.
SBI set to own 15% of Jet Airways: Reports
State Bank of India, a lender to Jet Airways, is likely to own 15 per cent of the cash-strapped carrier after the airline gets consent for a debt to equity swap, TV channels reported on Tuesday citing agencies.