Reliance Infrastructure Limited (RInfra) today announced the completion of sale of its 100 per cent stake in DA Toll Road to Cube Highways and Infrastructure III Pte Ltd for an enterprise value over Rs 3,600 crore. The deal was announced in March 2019 with the signing of a definitive binding agreement between RInfra and Cube […]
Day: January 1, 2021
Power consumption grows 6.1pc in December
India’s power consumption grew by 6.1 per cent to 107.3 billion units (BU) in December, showing spurt in economic activities, according to official data. Power consumption in December 2019 was 101.08 BU. In November, the power consumption growth slowed to 3.12 per cent to 96.88 BU compared to 93.94 BU in the same month last […]
Jet fuel prices up by 3.7 percent, LPG remains unchanged
Jet fuel or ATF price on Friday was hiked by 3.7 per cent, the third increase in rates in one month on firming international oil prices. Aviation turbine fuel (ATF) price was raised by Rs 1,817.62 per kilolitre, or 3.69 per cent, to Rs 50,978.78 per kl in the national capital, according to a price […]
Green Drive: EESL to set-up 500 more EV charging stations in FY21
Power PSUs’ joint venture EESL plans to install at least 500 more electric vehicle (EV) charging stations in the country during fiscal 2020-21. The joint venture of PSUs under the Ministry of Power, the Energy Efficiency Services Limited (EESL) has undertaken the project to boost the e-mobility ecosystem in India. In a conversation with IANS, […]
Delhi’s peak power demand crosses 5000 megawatt mark, highest this season
Pushed by the plummeting temperatures, Delhi’s peak power demand soared to the highest this winter at 5021 MW on Friday, discom officials said. This is the first time this winter that Delhi’s peak power demand has crossed the 5000 MW mark. Delhi’s peak demand at 5021 MW on January 1 is the highest this winter, […]
Current domestic coal production inadequate to meet country’s demand: Govt
The government on Thursday said the current domestic production is unable to meet the country’s demand, even though the country is the world’s second-largest producer of fossil fuel and the fifth-largest nation in terms of coal deposits. Currently, India is producing about 729 million tonnes of dry fuel, the coal ministry said in a statement. […]
ADB to provide USD 231-mn loan to enhance power generation capacity in Assam
The Asian Development Bank (ADB) will provide a USD 231-million loan to augment electricity generation capacity in Assam through construction of a 120-megawatt (MW) hydroelectric power plant. ADB and the Government of India signed the loan agreement on Wednesday. This is the third tranche loan for the ongoing Assam Power Sector Investment Program, which was […]
PSPCL terminates services of three employees
Punjab State Power Corporation Limited (PSPCL) has terminated the services of Satbir Singh, Rakesh Kumar and Ram Ditta, who were recruited on contract basis, but their services were regularised later. According to the PSPCL superintending engineer (Technical), City West Circle, who conducted an enquiry against four employees of the Estate Division, an upper division clerk […]
GLADA asks powercom not to give electricity connections to illegal colonies
Even as illegal colonies continue to come up across the city and especially on the periphery of the industrial hub, the Greater Ludhiana Area Development Authority (GLADA) has made yet another desperate bid to rein in unscrupulous developers by asking Punjab State Power Corporation Limited (PSPCL) not to give any new electricity connections to such […]
ROB, RUB project irks residents
Months after starting of the construction work of an ROB and two RUBs on Pakhowal Road, the project plan and work specifications have not been displayed at construction sites. After barricades have been installed to stop the vehicular movement from near Canal Bridge till Hero Bakery Chowk on Pakhowal Road recently, residents and shopkeepers on […]
Myanmar extends international flight ban till January end
Myanmar’s Ministry of Transport and Communications has further extended the temporary suspension period of international commercial flights until the end of January. The ministry on Thursday issued an announcement to extend the effective period for temporary measures to prevent importation of Covid-19 to the country through air travel which will end on Thursday night. The […]
Saudi-led coalition strikes at Yemen capital after attacks on Aden blamed on Houthis
Saudi-led coalition warplanes struck targets in Yemen’s Houthi-held capital Sanaa on Thursday in retaliation for attacks in the southern port city of Aden the previous day that took place as officials in a government backed by Riyadh arrived there. The coalition accused the Houthi movement, which it has been fighting for six years, of staging […]