Central Electricity Regulatory Commission (CERC) has proposed to move to the global practice of selling entire power generation through spot market to lower tariffs, promote efficient plants and withstand periodical aberrations that benefit a few plants. It is also expected to ensure that power plants with low tariffs do not get into ‘stressed assets’ category […]
The Haryana Electricity Regulatory Commission (HERC) has issued an order approving the power purchase agreements (PPAs) for a total of 49.8 MW of paddy straw biomass-based power projects.
The Petroleum and Natural Gas Regulatory Board has received 225 bids for 50 geographical areas (regions) that were offered in the tenth city gas distribution (CGD) bid round. The technical bids were opened between Feb 7 and 9, 2019 and after technical and financial evaluation, the entities will be shortlisted for financial bid opening.
Ministry of new and renewable energy (MNRE) has issued draft offshore wind energy lease rules which are aimed at spurring activity in offshore wind. The stakeholders can submit their suggestions by Feb 25, 2019.
The Cabinet Committee on Economic Affairs on Wednesday approved Phase-II of the Grid Connected Rooftop Solar Programme that aims to achieve a cumulative capacity of 40,000 MW from rooftop solar projects by 2022. The programme will be implemented with a total central financial support of ₹11,814 crore. The Phase II programme provides for central financial […]
A bigger A350-900 aircraft to be deployed between Singapore and Bengaluru from May will allow Singapore Airlines to enhance its capacity by 14%, said David Lim, the airline’s India MD. The airline is likely to replicate this move in Chennai next year when it marks 50 years of its operation at its first-ever station in […]
A team of scuba divers has stumbled upon the wreckage of a single-seater aircraft that sank in the 1960s off the Neelankarai coast in south Chennai. Residents of the fishing hamlet recalled that they had rescued the pilot, who was pulled out by two men who caught his long tresses on that day. “I was […]
The growth in domestic aviation traffic slowed down further in January and registered a 9% rise as compared to the same month last year, according to government data. Indian carriers altogether ferried a total of 1.26 crore passengers, marginally higher than 1.14 crore passengers in January 2018. The ebb in passenger traffic began in October […]
The Bank-led Resolution Plan (BLRP) for troubled carrier Jet Airways, which will be taken up for shareholders’ approval at an EGM on Thursday, has projected that the airline will start turning in net profits from the October-December quarter of 2019-20. According to people familiar with the restructuring, the resolution plan states that the turnaround would […]
Saudi Aramco, the world’s largest oil exporter, on Wednesday said it was in talks with Reliance Industries and other Indian firms to invest in petrochemicals and refinery projects in the country. “India is an investment priority for Saudi Aramco. There is a lot of growth potential. We are looking at additional investments in India. We […]
The Union government on Wednesday made a fervent call to defence manufacturers from around the world to invest in India, saying 100 per cent foreign direct investment is allowed in the segment. In her inaugural address at the Aero India biennial air show here on Wednesday, defence minister Nirmala Sitharaman invited all defence manufacturers to […]
The National Highways Authority of India (NHAI) is all set to build seven minor bridges on the service lanes along Tiruchi-Chennai Bypass Road meeting the need of residents ever since the highway was made four-lane nearly a decade back. Absence of service lanes across canals and drains had left service lanes disjointed at many places. […]
