The Central Electricity Regulatory Commission (CERC) has issued new regulations for the cross-border trade of electricity. These regulations will come into force from the date of publication in the Official Gazette. In January 2019, the Ministry of Power had issued the guidelines for import and export of electricity and power trading with neighboring countries. These […]
Day: March 13, 2019
Gujarat has a new policy for small-scale distributed solar pv projects
The government of Gujarat has approved a policy that aims to develop the state’s small-scale distributed solar photovoltaic (PV) sector. According to a Gujarat government official, “The policy aims to facilitate the development of small-scale solar PV projects with sizes ranging between 0.5 and 4 MW. It will lead to setting up of solar PV […]
Second phase of grid-connected rooftop solar pv program approved
The President of India has approved the launch of the second phase of grid-connected rooftop solar photovoltaic (PV) program in India. The program aims to help achieve the target of 40 GW of rooftop solar PV capacity by 2022. Under phase-II, 38 GW of grid-connected rooftop solar PV capacity is expected to be installed. The […]
Maharashtra floats EPC tender for 4,664 kW of off-grid solar projects
The Maharashtra Energy Development Agency (MEDA) has issued a tender for 4,664 kW of off-grid solar photovoltaic (PV) projects to be developed across the state. The bid submission deadline is March 30, 2019. MEDA is on the lookout for an eligible engineering procurement construction company to develop these projects. The estimated project cost is ₹447.8 […]
Boeing 737 MAX 8 row: SpiceJet cancels 14 flights for today; stock falls 8%
Following the grounding of Boeing 737 Max 8 aircraft by Indian aviation watchdog DGCA, SpiceJet Wednesday said it has cancelled 14 flights and will be operating additional flights from Thursday. The airline has around 12 such aircraft in its fleet. “SpiceJet has presently announced cancellation of 14 flights for today and will be operating additional […]
Boeing 737 Max grounding: Airfares could rise 30% for last-minute travel
With the grounding of Spicejet’s 13 Boeing 737 Max aircraft, the Indian low-cost carrier now finds itself battling skyrocketing fares. On key routes, Spicejet fares are way above Air India and other full service and premium carriers like Vistara. For long Spicejet’s fares have been amongst the lowest in line with other low-cost airlines like […]
Oil firms as Saudis trim exports, US output forecast reduced
“US crude oil production is expected to grow slower than previously expected in 2019 and average about 12.30 million bpd” Oil prices edged higher on Wednesday, supported by planned cuts to Saudi exports and a reduced forecast for United States (US) crude output. International Brent crude oil futures were at $66.93 a barrel at 0039 […]
Jet, SpiceJet shares fall as India grounds Boeing 737 MAX planes
The share prices of SpiceJet, Jet Airways and InterGlobe Aviation have fallen as the Ministry of Civil Aviation announced that the Boeing Co’s 737 MAX planes will be grounded In India. SpiceJet’s shares plunged 5.5 per cent in the first few minutes of trade while Jet was trading 2.2 per cent lower. Shares of low-cost […]
Boeing CEO confident in 737 MAX safety after 2nd deadly crash
Boeing has delivered more than 370 MAX Airplanes to 47 customers, Muilenburg said Boeing Co’s top executive told employees on Monday he was confident in the safety of the United States (US) manufacturer’s fastest-selling 737 MAX aircraft in the wake of two deadly crashes since October. An Ethiopian Airlines passenger jet bound for Nairobi crashed […]
Oil & gas policy overhaul: Govt not to seek share of profit on output from less-explored areas
Move to attract private, foreign investments to raise domestic output In a major overhaul of oil and gas exploration permits, the government will not charge any share of profit on hydrocarbons produced from less-explored areas as it looks to attract the private and foreign investment to raise domestic output. Breaking from the two-and-a-half decade-old practice […]
Malaysia Airlines could be sold or shut down: PM
Reports a pre-tax loss of 6.3 billion ringgit (USD 1.54 billion) for 2018 Malaysia Airlines may be sold or shut down, Malaysia’s leader said on Tuesday, the latest bad news for a carrier that has been in crisis since suffering the loss of two planes. The 71-year-old airline has been on the ropes since 2014 […]
US Senate to hold crash hearing as lawmakers urge grounding Boeing 737 MAX 8
The US Senate Commerce Committee plans to hold a hearing on the fatal crashes of two Boeing Co 737 MAX 8 jets since October as a growing number of lawmakers called on US regulators to ground the air plane. US Senators Mitt Romney and Elizabeth Warren on Tuesday called on the Federal Aviation Administration to […]