Indian budget carrier SpiceJet said on Tuesday it agreed with government agency Export Development Canada to settle liabilities worth around $91 million, allowing it to take ownership of most of its Q400 aircraft. The announcement sent the company’s shares up 3.7% in afternoon trade. SpiceJet has over the last few months reached settlements with multiple […]
Day: March 26, 2024
GAIL to commission its first green hydrogen project in April, sources say
State-run natural gas company GAIL (India) Ltd plans to commission its first green hydrogen project in central India in April, three company sources said. The 10-megawatt proton exchange membrane electrolyser for the green-hydrogen producing unit at the Vijaipur complex in Madhya Pradesh state has been imported from Canada, they added. “Once the initial hiccups are […]
Adani Group eyes 45 GW renewable energy capacity by 2030
Billionaire Gautam Adani’s group is building the world’s largest renewable energy park in Gujarat, as it eyes a massive 45 GW capacity to generate electricity largely from solar energy. Speaking at the opening of ‘Energy Revolution: The Adani Green Energy Gallery’ at the Science Museum in London, Gautam Adani said his group’s renewable energy arm, […]
Here are the big hurdles to the global push to build up renewable energy
The world’s governments have agreed they want to triple renewable energy by 2030, a goal laid out at the U.N. climate summit in December. But right now, the post-pandemic global economy is throwing up obstacles that will need to be overcome if the goal is going to be met.
Wind and sun are free, but it’s harder to get renewable energy projects built these days. Here’s why
Germany – The wind gusting across north German farm country brings much to the village of Sprakebuell: fog and rain from the sea, the occasional migrating stork, the faint smell of manure in the newly fertilized fields. And perhaps best of all, money – from selling the electricity generated by the wind turbines studding the […]
Adani eyes 45 GW renewable energy capacity by 2030
Billionaire Gautam Adani’s group is building the world’s largest renewable energy park in Gujarat, as it eyes a massive 45 GW capacity to generate electricity largely from solar energy. Speaking at the opening of ‘Energy Revolution: The Adani Green Energy Gallery’ at the Science Museum in London, Gautam Adani said his group’s renewable energy arm, […]
India, Bhutan explore setting up of new hydropower projects
The India-Bhutan joint vision document on energy launched during Prime Minister Narendra Modi’s visit to Thimphu this week aims to explore new hydropower projects, besides green and solar energy projects, which could lead to additional revenue generation for the Himalayan nation. Modi and his counterpart, Tshering Tobgay, decided to engage in the development of new […]
ONGC to drill well in Bihar
Oil and Natural Gas Corp (ONGC) is planning to drill a well in Bihar this year to look for oil and gas. A commercial discovery will not just put the state on India’s oil map but also open up for exploration the entire Ganga basin stretching from Bihar to Uttar Pradesh and Punjab. Sushma Rawat, […]
LNG importers rush to buy spot cargoes as price hits 3-year low
Power companies and refineries are doubling down on spot liquefied natural gas (LNG) as prices have hit a three-year low, according to industry officials aware of the development. LNG importers Gail, Gujarat State Petroleum Corporation (GSPC), Torrent Gas, Bharat Petroleum Corp (BPCL) and Indian Oil Corp (IOC), among others, are buying spot cargoes as the […]
Indian Railways shares detailed list of holi special trains to key destinations – Check complete list
Indian Railways, in anticipation of the festive rush during Holi, introduced Holi Festival Special Trains all over the country to facilitate seamless travel for passengers heading to key destinations. These services will connect various key cities across the country, including Mumbai, Patna, Gaya, Katra, Varanasi, Saharanpur, Prayagraj, Pune, and Ambala. Indian Railways shared a details […]
Indian Railways: Woman gives birth on Kamayani Express in Madhya Pradesh; family names new born baby after train
In a remarkable incident, a 24-year-old woman gave birth to a baby girl on the Mumbai-Varanasi Kamayani Express in Madhya Pradesh’s Vidisha district. The unexpected delivery occurred in the early hours of Friday, leaving the family members overjoyed, prompting them to name the infant after the train itself. According to Railway Protection Force (RPF) inspector […]
Mumbai-Ahmedabad Bullet Train Project: Ashwini Vaishnaw shares big update on status of bullet train project – Here’s what he said
Union Railway Minister Ashwini Vaishnaw on Saturday (March 23) said that India’s first bullet train project – Mumbai-Ahmedabad bullet train is “progressing very well”. The Railway Minister informed that the first corridor of Mumbai to Ahmedabad bullet train project would help in integrating economies. “The bullet train project has to be seen from the perspective […]