Sembcorp Industries arm Green Infra Wind Energy has bagged a 450MW wind-solar hybrid power project from Solar Energy Corporation of India (SECI). The build-own-operate project is part of a 2GW bid issued by the SECI to develop Inter State Transmission System (ISTS)-connected wind-solar hybrid power projects throughout India, a company statement said. According to the […]
Day: January 24, 2024
REC targets 10 million rooftop solar installations, to lend ₹1.2 trillion under Pradhan Mantri Suryodaya Yojana
State-run REC has been designated as the nodal agency for the Pradhan Mantri Suryodaya Yojana, aiming to install rooftop solar systems in 10 million households, announced Chairman and Managing Director Vivek Kumar Dewangan on Tuesday. In this major push towards renewable energy, REC will lend up to ₹1.2 trillion for the installation of these rooftop […]
Metro rail inks contract for study to link Hosur, Bommasandra
Chennai Metro Rail on Tuesday signed a contract agreement worth Rs 2.94 lakh with consultants- Balaji Railroad Systems Private Limited and Habog Consultants Private Limited – to conduct a feasibility study for introducing the Inter-State Mass Rapid Transit System (MRTS) between Hosur and Bommasandra. This proposed corridor is approximately 20 km, covering 8 km in […]
Malaysia Airlines charts ambitious plans for India’s aviation market, unveils deep codeshare partnership with Indian airline
Malaysia Airlines is set to deepen its footprint in the Indian aviation market, with plans for a comprehensive codeshare partnership with an Indian carrier and a strategic expansion to key destinations in the north-east and southern regions of the country. Group Managing Director of Malaysia Aviation Group Captain Izham Ismail expressed optimism about the “important” […]
India on course to become main driver of incremental oil use by 2030
India’s petroleum consumption climbed to a new record last year and the country is on course to overtake China as the primary driver of incremental oil consumption before 2030. Urbanisation, industrialisation and the growth of the middle class are driving a rapid increase in consumption of petroleum products for heating, lighting, cooking, transportation and petrochemicals. […]
Hitachi Energy India posts multi-fold rise in Q3 net profit at Rs 23 cr
Hitachi Energy India posted a multi-fold jump in its net profit at Rs 23 crore for the quarter ended December 31, 2023 on higher revenues. “Profit after tax (net profit) was at Rs 23 crore (in October-December 2023), clocking a recovery of 400 per cent year-on-year on a low base,” a company statement said. In […]
DGCA slaps Rs 1.10 crore penalty on Air India for safety violations
Aviation regulator Directorate General of Civil Aviation (DGCA) has imposed a penalty of Rs 1.10 crore on Air India for safety violations amid a series of incidents of flight irregularities. “Pursuant to the receipt of a voluntary safety report from an airline employee alleging safety violations of flights operated by Air India on certain long […]
CESC seeks to acquire 50,000 acres land in Rajasthan, Gujarat for green energy push
CESC Ltd, RP Sanjiv Goenka group’s flagship company, is looking to acquire over 50,000 acres in Rajasthan and Gujarat to fuel its 3 GW hybrid renewable energy portfolio. The company is exploring possibilities to make substantial investments in renewable energy generation of up to 3 GW in a hybrid portfolio through its subsidiaries in more […]
China says EU’s ‘unfair’ EV subsidies probe risks damaging ties
China’s ambassador to the European Union called the EU’s probe into Chinese electric vehicle manufacturers over state subsidies “unfair”, Fu Cong told Bloomberg News in an interview. Cong told Bloomberg that China is cooperating with the EU’s probe “because we do want to avoid a situation that the two sides will have to resort to […]
Alaska Airlines finds many loose bolts on its Boeings as United questions orders
Boeing came under renewed pressure Tuesday as the head of Alaska Airlines said inspections carried out after a dangerous incident had found many loose bolts on its 737 MAX 9 aircraft. The Federal Aviation Administration grounded 171 Boeing 737 MAX 9 aircraft following the incident on January 5th, when a panel blew off the Alaska […]
Boeing to pause 737 production for quality stand down on Thursday
Boeing will hold a quality stand down Thursday at the Seattle-area location where it makes 737 aircraft, pausing production and delivery operations for a day, the company announced on Tuesday. During the stand down, employees will attend quality workshops and “pause, evaluate what we’re doing, how we’re doing it and make recommendations for improvement,” said […]
King coal set to lose crown for electricity production: IEA
Renewables are set to displace coal as the top source of energy for electricity production globally in 2025, the International Energy Agency said Wednesday. In its annual report on the electricity market, the IEA said that renewables — in particular from solar panels — should see their share of total electricity production surpass a third […]