PALAKKAD: Anert, in association with Energy Efficiency Services Limited (EESL) under the Union Power Ministry, is planning to set up 170 electric charging stations in the state. Three of them have already been commissioned, according to Manoharan J Nair, head of the e-mobility cell of Anert. “We have commissioned three stations, two in Thiruvananthapuram and […]
Month: January 2021
APERC forms expert panel for short-term power purchase
VIJAYAWADA: The Andhra Pradesh Electricity and Regulatory Commission (APERC) has constituted an expert committee to come up with a methodology to be followed for approval/ratification of short-term power procurement. The development comes in the wake of several stakeholders and public organisations objecting power procurement from market by the distribution companies (Discoms) despite AP being a […]
Protest against ‘hasty’ land acquisition for NH widening
KOCHI: Alleging unreasonable haste in acquiring land between Kappirikkad and Edappally for NH66 widening, National Highway Joint Action Council organised a protest march on Friday. As part of the march held to the NSS Karayogam hall in Kunnumpuram near Edappally where the examination of the documents was progressing, council members burnt the official notification documents. […]
IndiGo: Flights between Kurnool and three cities start from March 28
IndiGo on Friday said it will start direct flights between Kurnool and Bengaluru, Visakhapatnam, and Chennai from March 28 onward under regional connectivity scheme Udan. As per the airline’s press release, Sanjay Kumar, Chief Strategy and Revenue Officer, IndiGo said, “It will strategically enhance regional connectivity in southern India, as Kurnool will be one of […]
Aviation infra boost! New terminal building at Jalandhar’s Adampur airport to be ready by mid-2021; details
Aviation infra boost! Soon, Jalandhar’s Adampur airport to get a new terminal building. The Airports Authority of India (AAI), on Friday, announced that the new terminal building at the Adampur airport in the city of Jalandhar, Punjab is expected to be ready by the mid of 2021. The new terminal building of Adampur airport has […]
Saudi Arabia expected to cut March crude prices for Asia: Survey
Top oil exporter Saudi Arabia is expected to lower its official selling prices (OSPs) for Asian buyers in March, the first cut in three months, tracking falling benchmark prices and coronavirus-induced demand weakness, a Reuters survey showed on Friday. Five sources at Asian refiners on average expected the March OSP for the flagship Arab Light […]
Power demand touches all time high of 188.45 GW on Thursday
Power demand touched an all-time high of 188.45 GW on Thursday and will surpass 200 GW mark very soon, Power Minister RK Singh said. “The power demand and supply surged to a new high of 1,88,452 MW at 9:42 am on 28th January 2021. The rate at which we are going, we shall cross 2,00,000 […]
JSW Energy net profit down over 68 pc at Rs 124 cr in December quarter
JSW Energy on Friday reported over 68 per cent dip in its consolidated net profit to Rs 124 crore for the quarter ended in December. The consolidated net profit of the company was Rs 394 crore in the quarter ended on December 31, 2019, a BSE filing stated. However, the company said that in the […]
Oil prices rangebound as supply cuts offset virus worries
Oil prices edged up on Friday but traded in a tight range as demand concerns caused by new coronavirus variants and slow vaccine rollouts offset a cut in Saudi Arabian oil supply and falling US oil inventories. Brent crude futures for March rose 23 cents, or 0.4%, to $55.76 a barrel by 1007 GMT. The […]
CERC refuses compensation to Reliance Power against rise in foreign exchange rates
The Central Electricity Regulatory Commission (CERC) has refused to grant compensation to Reliance Power against the unforeseen rise in foreign exchange rates which has considerably increased the debt servicing obligations for the company’s 4,000 mega-watt (MW) Sasan power plant. The company claimed that due to depreciation of the Indian Rupee, the Sasan plant’s US dollar-denominated […]
IOC profit doubles to Rs 4,917 cr in Q3 on inventory gains
Indian Oil Corporation (IOC) reported a net profit of `4,916.6 crore on a standalone basis for the quarter ended December 31, recording a 110% rise from the same period a year ago. The state-run oil refining and marketing company attributed the increase in profit to inventory gains, stemming from fluctuations in global oil prices and […]
Essar Oil despatches first ever C-CBM for city gas distribution
Essar Oil and Gas Exploration and Production (EOGEPL) has dispatched the first ever Compressed Coal Bed Methane (C-CBM) natural gas cascade truck to Bengal Gas Company’s first CNG station to provide green fuel to Kolkata. EOGEPL, an investee company of Essar Capital and India’s largest operator of unconventional hydrocarbon acreages, runs the Raniganj East CBM […]