The share of electric vehicles in the city has increased from less than 1 per cent to 2.2 per cent in three months after the announcement of the EV policy by the Delhi government, DDC vice chairperson Jasmine Shah said on Thursday. Speaking at a webinar on the role of the corporate sector in creating […]
Day: March 19, 2021
SC dismisses Rajasthan discoms petitions against Adani Power
Adani Power Ltd informed stock exchanges on Thursday that the Supreme Court has ruled in its favour by dismissing review petitions filed by Rajasthan distribution companies (discoms) challenging the August last year verdict related to a compensatory tariff. “We would like to inform that the Hon’ble Supreme Court (“SC”) has dismissed the review petitions filed […]
Progress on BPCL privatisation, but need for further clarity: Fitch Ratings
Fitch Ratings on Friday said there is more visibility on BPCL privatisation, but there is still little information on potential restrictions for the new owner in relation to employee protection, asset stripping, and investment lock-in. Also, there is a need for further clarity on the future of subsidies paid to BPCL’s customers on the sale […]
Power privatisation: 7 firms in fray, bids to open on Monday
After the amendment of the power privatization bid document, one more firm has participated in the UT’s power privatization project. Kolkata-based Eminent Electricity Power Company has submitted its bid after the UT extended the bidding date to March 18. Now, seven firms are in the fray in Chandigarh. The UT engineering department had issued notice […]
National Grid to buy UK utility business WPD for 7.8 bln pounds
National Grid said on Thursday it had agreed to buy the UK’s largest electricity distribution business, Western Power Distribution (WPD), from U.S. company PPL Corp for 7.8 billion pounds ($10.92 billion). PPL said in a separate statement that the WPD deal was valued at 14.4 billion pounds, including 6.6 billion pounds in debt. National Grid […]
India’s methane emissions from coal mines rising: Report
The climate impact of methane emissions, including by India that is among the top five emitters, from proposed coal mines worldwide could rival the CO2 emissions from all the US coal plants, warned a new report by Global Energy Monitor on Friday. For India, the report estimates methane emissions to be at 45 million tonnes […]
India has till mid-April to appeal against Cairn award on limited grounds
India has time till mid-April to file an appeal against an international arbitration tribunal ordering it to repay UK’s Cairn Energy Plc USD 1.2 billion-plus interest and cost, but the challenge can only be on limited grounds such as procedure not being followed. The award from a three-member tribunal at the Permanent Court of Arbitration […]
Funds tie-up for demonstrative AUSC thermal power project by end of March: R K Singh
The financial closure or tie-up of funds for the demonstrative thermal power project with Advanced Ultra Super Critical (AUSC) technology is expected to be done by month-end, Parliament was informed on Thursday. AUSC technology is designed to help power plants burn less coal for electricity production while reducing carbon dioxide (CO2) emissions. The sponsoring agency […]
Encourage private players in power networks: Centre
In what could be a big jolt to public sector power companies, the Centre has directed state governments to encourage entry of private players in transmission and distribution networks. The Centre noted that private players would not only bring investments to the sector but also lower costs, helping consumers to benefit. The Centre’s advice is […]
AirAsia, IndiGo offload 4 passengers for not following COVID-19 norms
NEW DELHI: AirAsia India offloaded two middle seat passengers from its Goa-Mumbai flight on Monday, while IndiGo handed over two flyers to security officials during the last three days for not following the COVID-19 rules in flights, said senior government officials on Thursday. While the action was taken against two passengers on the AirAsia India […]
In five days Border Roads Organisation launches bridge connecting Shillong and Silchar
NEW DELHI: The Border Roads Organisation (BRO) recently launched an important bridge on the highway connecting Shillong and Silchar. Prompt action by BRO has brought much needed succour to the local population and has been deeply appreciated by the Civil Administration. An existing RCC bridge with Load Class 70 (Fit to bear load of about […]
Iron thieves chip away, British era bridge in Odisha collapses
ANGUL: A British era bridge over Singada rivulet on Angul-Chhendipada highway collapsed on Wednesday. The bridge, made of iron, was built in 1930. Locals said the bridge was abandoned after an alternate one was constructed. Taking advantage, miscreants started looting iron pillars of the old bridge. Several cases have been registered in the local police […]