Two thunderstorms in the past few days that hit the region, snapping power supply to several parts of the state, have caused a loss of over Rs 8.50 crore to the Punjab State Power Corporation Limited (PSPCL) with officials still working to restore power to many areas. Already facing a shortage of men and material, […]
Day: June 3, 2021
Despite low sales, oil firms’ profit zooms
Despite low fuel consumption in the fiscal ended March 31, the net profit of three public sector oil companies zoomed past Rs 50,000 crore. According to data, the country’s fuel demand contracted by 9.1% in 2020-21 amid the lockdowns imposed to combat the spread of Covid. As per data compiled by the Oil Ministry’s Petroleum […]
India brings forward target of 20 per cent ethanol-blending in petrol to 2023
The government has brought forward the target date for achieving 20 per cent ethanol-blending with petrol by two years to 2023 to help reduce India’s dependence on costly oil imports, according to an official notification. Last year, the government had set a target of reaching 10 per cent ethanol-blending in petrol (10 per cent of […]
Bihar govt approves 130 MW hydroelectric project over Kosi river, all set to start work soon
PATNA: Bihar will soon have the multi-purpose 130 MW Hydroelectric project executed over the Kosi river in Supaul district at Dagmara. Recently, the Bihar Cabinet approved this project giving a major impetus towards its’ works. Commonly called as the Dagmara Multipurpose Hydroelectric Project, it is coming up in Bhaptiyahi block of Supaul district over Koshi […]
Karnataka plans to sell surplus power to firms, states
BENGALURU: Karnataka is likely to sell the surplus power it generates to other, needy states or companies by signing medium or long-term agreements.Chief Minister BS Yediyurappa on Wednesday directed Energy Department officials to take measures to sell surplus power. The officers will first determine the demand within the state, decide the quantum of surplus power, […]
Power demand surges in AP despite dip in country
VIJAYAWADA: The state energy department, on Wednesday, said that while all India power demand declined by 14 per cent in May as compared to corresponding period last year, Andhra Pradesh’s consumption has surged by eight per cent in spite of the restrictions due to Covid-19. The department has also decided to recognise the service of […]
Despite lockdown, power demand in city higher than last year on most days
NEW DELHI: Electricity consumption in Delhi was not much affected by the lockdown, with peak demand on 30 days from April 19 to May 31 being higher than the corresponding days of last year, officials said. “Out of the 43 days of lockdown (April 19 to May 31), Delhi’s peak power demand on 30 days […]
TPCODL claims 16 per cent AT&C loss reduction in first year
BHUBANESWAR: Tata Power Central Odisha Distribution Ltd (TPCODL) on Wednesday said it has significantly reduced the aggregated technical and commercial (AT&C) loss by 16 per cent (pc) in the first year of operation. “The loss level of CESU was over 40 pc when Tata Power acquired management control of the central utility a year ago. […]
Adani Green Energy arm commissions 150-MW wind power project in Gujarat; 9 months ahead of schedule
NEW DELHI: Adani Green Energy on Wednesday said its arm AWEKTL has commissioned a 150-megawatts (MW) wind power project in the Kutchh district of Gujarat, nine months ahead of schedule. “Adani Wind Energy Kutchh Three Ltd (AWEKTL), a subsidiary of Adani Green Energy Ltd (AGEL), commissioned 150 MW wind power project located in Kutchh, Gujarat, […]
Revised Emergency Credit Line Guarantee Scheme will help hotels, aviation sector: Crisil
MUMBAI: Businesses like hotels, civil aviation and tour operators, which are the hardest hit by the second wave of COVID-19, will get help through the expanded Emergency Credit Line Guarantee Scheme (ECLGS), a report said on Wednesday. It will also support build-up of healthcare infrastructure, mainly oxygen availability, in tier-2 and beyond cities and the […]
Vistara exploring newer avenues to supplement earnings; aims to have 70 planes by 2023: CEO Thng
With a “nimble” approach, Vistara is focussing on a leaner cost-structure as well as exploring newer avenues to supplement earnings, its CEO Leslie Thng has said and emphasised that full service carriers are even more relevant in the current COVID scenario. The Delhi-based airline, which entered the domestic aviation space in January 2015, aims to […]
Coal India’s management may begin negotiations with trade unions this month over pay hike
State-owned CIL’s management is likely to start negotiations with the trade unions this month over the salary hike, a move that is likely to have financial impact on the world’s largest coal miner to a large extent, a trade union leader said on Wednesday. Nathulal Pandey, president of HMS-affiliated Hind Khadan Mazdoor Federation, said Coal […]