Even with oil prices surging toward $75 a barrel, U.S. shale producers are keeping their pledges to hold the line on spending and keep output flat, a departure from previous boom cycles. This year’s run up in crude prices, and oil output curbs imposed by the OPEC+ producers group, historically would have triggered a drilling […]
Day: June 28, 2021
Rajnath Singh to inaugurate BRO’s 63 infra projects from Ladakh today
Defence Minister Rajnath Singh on Monday will inaugurate 63 infrastructure projects constructed by the Border Roads Organisation (BRO) from Ladakh. Singh is currently in Leh for a three-day visit to Ladakh. “Raksha Mantri Rajnath Singh will inaugurate 63 infra projects constructed by BRO from Ladakh at 10.00 an today,” tweeted the Defence Ministry. The Minister […]
Rajasthan to exit from five high-cost power contracts with NTPC
As part of the exercise for reducing high cost of power, the energy department has decided to exit from five expensive power purchase agreements (PPAs) worth 252 megawatt with NTPC. Last Friday, the board of the energy department approved a decision to end the PPAs that were signed in 1994 with a rate of Rs […]
NTPC targets 10% reduction in net energy intensity by 2032
State-run power major NTPC Ltd is aiming to reduces its net energy intensity by 10 per cent by the year 2032. Declaring its ‘energy compact’ goals as part of UN High Level Dialogue on Energy (HLDE), NTPC has also set a target to install 60 GW of renewable energy capacity by 2032. NTPC is among […]
Hydro power major SJVN earns profit of Rs 1,633 crore in 2020-21
Chairman and managing director (CMD) of public sector SJVN Limited Nand Lal Sharma has said the company had earned a net profit of Rs 1,633.04 crore during the financial year 2020-21 against Rs 1,557.43 crore earned during the previous financial year 2019-20, registering an increase of Rs 75.61 crore. SJVN declared financial results for the […]
Eye on consolidation: Govt may end cross-holding in oil PSUs
The government may gradually end the cross-holding structure existing in the oil sector as it looks to further consolidate operations of public sector enterprises and go ahead with its privatisation plan by getting a fair valuation of assets. Official sources said that that all oil sector PSUs may be asked to exit from their investments […]
China state planner expects coal supply crunch to ease in July
China’s state planner said that it expects a coal supply crunch to ease and coal prices to fall in July, according to a report from the official Xinhua news agency on Sunday. “With the growth of hydropower and solar power generation in the summer, as well as the increase in coal production and imports, the […]
BEE to develop roadmap for MSME sector using Andhra Pradesh study
Andhra Pradesh has again emerged as an integral part of the Bureau of Energy Efficiency’s (BEE) endeavour to save energy on a large scale in the country. Two districts in the state, along with one in Jharkhand, have been chosen by BEE to map energy intensive sub-sectors of MSME industries to introduce energy efficiency measures. […]
Airfares for August-October drop as carriers eye early bookings
Conventionally, airfares cool in June and July. This year, fares are high as government hiked its lowest fare cap by around 15% for travel in June-July. The drop in Covid cases brought about a spike in demand for air travel, and what you have is the cheapest fare, say on the Mumbai-Delhi route, priced over […]
Driving risky on potholed Manali-Leh highway
A few stretches on the Manali-Leh highway are full of potholes, making travelling difficult and risky. Some rivulets flow alongside the highway from Darcha to Leh where the road condition is risky for the movement of vehicles. Recently, a truck overturned on the road between Sarchu and Pang. Accidents happening on these stretches of the […]
Elevated corridor to ease traffic in Karnal
Aiming at easing the traffic congestion in the city, Chief Minister Manohar Lal Khattar gave nod to the construction of an elevated corridor on the single-pillar technology. The 2.1 km-long two-lane flyover will come up between Haryana Nursing Home and Vikram Marag on railway road at the cost of Rs 95 lakh. The authorities are […]
PSPCL, govt ignored alert on electricity crisis: Engineers
The PSEB Engineers’ Association has criticised the Punjab State Power Corporation Limited (PSPCL) management and the state government for going against the interest of the common man. Engineers said they had been informing the PSPCL and government of the looming crisis and that the wrong decisions being taken by the power authority would lead to […]