Massachusetts, Rhode Island and Connecticut received proposals Wednesday for offshore wind projects as the three East Coast states hope to boost their reliance on the renewable energy source. The three states joined in a historic agreement that allows for potential coordinated selection of offshore wind projects. Massachusetts received bids from Avangrid Renewables, South Coast Wind […]
Day: March 28, 2024
India added 20.8 GW solar module, 3.2 GW cell mfg capacity in 2023: Report
In calendar year (CY) 2023, the country added 20.8 gigawatts (GW) of solar modules and 3.2 GW of solar cell capacity, according to the recently released report. It added that solar module manufacturing capacity is projected to surpass 150 GW, and cell capacity is expected to reach over 75 GW by 2026. India’s solar module […]
Coal India’s supplies to thermal power plants hits 610.8 MTs, breaches FY24 target
Coal India (CIL) on Thursday announced that its coal supplies to thermal power plants of the country hit 610.8 million tonnes (MTs) on Wednesday surpassing the annual target of 610 MTs to this sector. “This was the highest to date and the company achieved the feat four days earlier than the FY 2024 closure,” CIL […]
Adani Power merges Rs 19,700 cr loans from 6 arms into long-term debt
Adani Power on Thursday said it consolidated different short-term loan facilities worth Rs 19,700 crore availed by the company’s six special purpose vehicles into a single long-term debt. The revised arrangement will help the company benefit from a uniform tenure and reduce effective interest rate, Adani Power said in a regulatory filing. The company said […]
EV startup Fisker slashes prices of Ocean SUV amid debt troubles
Electric-vehicle startup Fisker said on Wednesday it was cutting the prices of its 2023 electric Ocean SUV model, signaling an attempt by the cash-strapped firm to drum up demand and ease concerns regarding its uncertain future. The company slashed the price tag of the entry level version – Ocean Sport – by around 36%, or […]
IndiGo aircraft grazes stationary Air India Express plane at Kolkata Airport, DGCA orders probe
At the Kolkata airport, an IndiGo aircraft grazed the wings of an Air India Express plane on Wednesday. This resulted in both aircraft sustaining damage to their wings, according to officials. The Directorate General of Civil Aviation (DGCA) has de-rostered the IndiGo pilots involved in the accident and has launched a probe. The accident took […]
‘Go First lenders yet to decide on bids, airline’s revival likely to be delayed’
MUMBAI: A revival of Go First Airlines is set to get prolonged with creditors to the bankrupt airline likely to seek a third extension to the resolution timeline beyond the April 4 deadline even as formal negotiations with two final bidders are yet to commence. Both bidders had increased their bids earlier this month after […]
Air India fires pilot caught drunk after operating overseas flight
Air India has decided to terminate the employment of a pilot who tested positive for alcohol consumption following the operation of an international flight returning to India. In a firm response, the Tata group-owned airline is also in the process of lodging a First Information Report (FIR) against the captain who flew a Phuket-Delhi flight […]
NCRTC investigation finds lapses by operational staff
A National Capital Region Transport Corporation (NCRTC) probe into a derailment on the Rs 30,000-crore regional rapid rail project has found lapses by operational staff. Officials aware of the development said the derailment took place at Duhai depot in Uttar Pradesh earlier this month. “Few observations have been noted by a high-level enquiry committee of […]
Volvo Car just made its last-ever diesel vehicle; last XC90 SUV headed to museum
Volvo Car AB produced its last automobile with a diesel engine this week, ending an era for the manufacturer that plans to only make electric vehicles by 2030. The XC90 sport utility vehicle rolled off the line at the Torslanda plant in Sweden on Tuesday evening. Volvo Car is phasing out the technology just as […]
Tata Motors unit, HPCL join hands to install 5,000 vehicle charging stations by 2024-end
Tata Passenger Electric Mobility on Wednesday said it has tied up with Hindustan Petroleum Corporation Ltd to set up 5,000 public charging stations across the country by the end of the year. The collaboration will leverage Hindustan Petroleum Corporation Ltd (HPCL’s) fuel station network and company’s insights from over 1.2 lakh Tata EVs on Indian […]
Maruti Suzuki sees EV penetration rising dramatically from next year
Maruti Suzuki is planning to launch its first electric car next year. Meanwhile, a senior executive of the automaker today revealed the company’s EV plan at the Times Now summit. Shashank Srivastava, senior executive officer (marketing and sales) at Maruti Suzuki India, said that EV penetration is expected to reach about 5 percent next year […]