PANAJI: Union power minister RK Singh said here on Saturday that the new power tariff policy, to be unveiled within a month, will prohibit power companies from passing on their losses to the consumer beyond a limit. The policy was currently under the Union government’s consideration, Singh told reporters here. “The policy is pro-consumer and […]
Day: December 30, 2019
Power discoms faced losses worth Rs 27000cr in FY19: Minister
PANAJI: Power distribution companies in the country suffered losses worth Rs 27,000 crore in 2018-19, Union power minister R K Singh has said. The Centre aims to reduce electricity transmission and distribution losses in the country to 15 per cent in next two years, Singh said here on Saturday. He met Goa Power minister Nilesh […]
ICF to weigh demand as govt pushes gas use, split GAIL
NEW DELHI: Global energy market consultant ICF is to assess India’s natural gas demand and the infrastructure needed to tap latent demand as the backdrop of the government pushing to expand the clean-burning fuel’s share in the country’s energy basket and divest GAIL of its pipeline network by splitting the state-run gas transportation utility. The […]
Govt to light up villages with solar power
The government has decided to harness the sun’s power to light up gram panchayats in villages, in what will be a big push for solar energy in rural Karnataka. Authorities are also exploring solar power options for street lights in villages. Switching to solar power will lead to precious savings running into tens of crores […]
Flying low: Aviation sector struggling with overcapacity amidst economic slowdown
The economic slowdown couldn’t have come at a more inopportune time for India’s aviation sector. Domestic carriers have been adding new planes rather aggressively over the past few years, as passenger growth steadily inched up over the past four years. But the slowing economic growth and poor consumer sentiment is hurting airline financials. Data from […]
Tatas gaining upper hand in AirAsia India: Report
As AirAsia India struggles to find a firm foothold in the competitive domestic aviation space, Tatas are gaining upper hand in steering the no-frills carrier with executives from the conglomerate helming most senior positions, according to a source. A joint venture, majority-owned by Tatas, the airline’s other shareholder is Malaysia’s AirAsia group. The carrier, which […]
India’s coal imports rise 4 per cent to 161 MT in April-November
The country’s coal imports registered an increase of 4.4 per cent to 161.43 million tonnes (MT) in the April-November period of the ongoing fiscal. This comes amid the Centre exuding hope that imports of the fossil fuel would be contained to 235 MT this financial year. India had imported 154.56 MT of coal in April-November […]
Hubballi continues to be K’taka’s third busiest airport
Kempegowda International Airport in Bengaluru handled 1.89 crore domestic air passengers between April and November this year. However, this is a marginal 0.3 % (1.88 crore) increase compared to last year during the same period. According to the Airport Authority of India website, the Bengaluru airport also saw 32.42 lakh passengers either boarding or alighting […]
Oil regulator PNGRB ropes in ICF for gas demand, infrastructure assessment
Oil and gas regulator PNGRB has hired global consultancy ICF to carry out an assessment of India’s natural gas demand and the infrastructure needed to unleash the country’s massive pent-up requirement, its Chairman Dinesh K Sarraf said. Natural gas — which has far lower emissions compared to alternate liquid fuels such as petrol and diesel […]
Power discoms faced losses worth Rs 27000 cr in FY19: Minister
Power distribution companies in the country suffered losses worth Rs 27,000 crore in 2018-19, Union Power Minister R K Singh has said. The Centre aims to reduce electricity transmission and distribution losses in the country to 15 per cent in next two years, Singh said here on Saturday. He met Goa Power Minister Nilesh Cabral […]
Coal India chalks out strategy to meet 660 MT production Target for FY20
Amid concerns that Coal India Ltd (CIL) may fall short of its 660 million tonne (MT) production target for the current fiscal, the miner has planned to ramp up daily output to meet the goal, officials said. Till December, the miner is expected to produce close to 390 MT of coal and will require another […]
Bankhui coalmine allocation cancelled
The Union Coal Ministry has cancelled allocation of six coal blocks, including Odisha’s Bankhui open cast coal block. Other States where the coal block allocations have been cancelled are Jharkhand, Chhattisgarh and Maharashtra. The Central Government’s move followed the long delay in development of the coal blocks allocated to power generation companies from 2007 to […]