With 85-90% of the solar panels and modules used in India imported from China, an increase in prices has worried developers who have won projects that are yet to be commissioned. They fear their returns might take a hit since tariffs for the power they will sell have already been fixed. Module prices started increasing […]
Day: February 9, 2021
Mumbai: Rs 536 crore hydro & solar power project gets BMC’s nod
The BMC’s standing committee on Monday approved a Rs 536 crore hydro and solar power project to generate 100 megawatt power at its Vaitarna dam. Officials said that the plant will help the BMC save at least Rs 24 crore every year on electricity bills. Apart from this,, the BMC also appointed contractors to mitigate […]
India to be largest source of energy demand growth at $8.6 trn: IEA
India will make up the biggest share of energy demand growth at 25% over the next two decades, as it overtakes the European Union as the world’s third-biggest energy consumer by 2030, the International Energy Agency (IEA) said. India’s energy consumption is expected to nearly double as the nation’s gross domestic product (GDP) expands to […]
IEA says India’s solar energy output to match coal-fired power by 2040
The share of solar energy in India’s power generation could equal coal-fired output by 2040, the International Energy Agency (IEA) said on Tuesday, driven by falling renewable tariffs and a government push to increase green energy use. “Solar power is set for explosive growth in India, matching coal’s share in the Indian power generation mix […]
Chandigarh: 6 firms to compete for power dept privatisation
Six out of 20 companies are left in the race to secure the power privatisation project of the UT administration, handing the earnest money deposit (EMD) of Rs 10 crore to the engineering department by the last date on Monday. They are Tata Power, Adani Transmission Limited, Sterlite Power, ReNew Wind Energy, NESCL (NTPC) and […]
Air India to resume airbus services between Hubballi and Mumbai from Feb 16
Air India has decided to resume its flight services between Hubballi and Mumbai from February 16, months after suspending it in view of COVID-19 induced lockdown. According to AI officials, the AI airbus will fly three days a week — Tuesday, Friday and Saturday. The AI had commenced the flight services between the two cities […]
Covid-19 impact: Delta Air Lines to leave middle seats empty through April
Delta Air Lines said Monday it will continue to block some seats on all flights through spring break and Easter to provide a bit more space between passengers. The Atlanta-based airline announced Monday that it will limit capacity on flights through April 30. Delta said it will block middle seats in most cabins although groups […]
Petrol crosses Rs 87-mark to hit record high in Delhi, diesel at Rs 77.48
Petrol prices breached the Rs 87-a-litre mark to touch an all-time high of Rs 87.30 in the national capital. Petrol and diesel prices were hiked by 35 paise per litre each on Tuesday, according to a price notification from oil marketing companies. The diesel prices stood at Rs 77.48. Fuel prices, which vary from state […]
Brent strikes $60 per barrel as supply cuts, stimulus hopes boost prices
SINGAPORE (Reuters) – Oil prices rose on Monday to their highest in just over a year, with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures to boost demand. Brent crude for April touched an intraday high of $60.06 a barrel, the […]
Brent hits $60 as supply cuts and US stimulus hopes boost prices
Oil prices rose on Monday to their highest in just over a year, with Brent nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further US economic stimulus measures that can boost demand. Brent was up 68 cents, or 1.2%, at $60.02 a barrel by 1442 GMT, while US […]
Oil recovery too fast for its own good; crude prices testing $60 a barrel
The OPEC+ alliance of oil producers will face a big test of its cohesion in a few weeks’ time, when ministers meet to discuss the next step in their historic production deal aimed at rebalancing the world’s oil supply with recovering demand. Things have almost moved too quickly in their favour. Recent increases in crude […]
Rafale induction ceremony cost exchequer over Rs 41 lakh: Defence Minister
The induction ceremony of the first five Rafale jets at the Ambala Air Force base on September 10 last cost the exchequer a little over of Rs 41 lakh including Rs 9.18 lakh GST, Defence Minister Rajnath Singh said in Rajya Sabha on Monday. “The first five Rafale aircraft of IAF were formally inducted into […]