The Hybrid Energy Storage (HES) business of Sterling and Wilson is eyeing multi-million dollar projects in India, South East Asia, Africa and Latin America, as enterprises globally look to reduce their dependence on conventional energy. Hybrid energy is defined as a mix of solar, wind, gas, diesel and battery energy storage. Sterling and Wilson Hybrid […]
Category: Business Line
Business Line
Indian Energy Exchange launches its Real-Time Electricity Market (RTM) platform
Indian Energy Exchange, has launched its Real-Time Electricity Market (RTM) platform, with an intent to help discoms to better plan their power requirements. IEX is largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity, Renewable Energy Certificates (RECs) and the RTM is an endeavor by the Central Electricity […]
Bhushan Power deal only after ED lifts attachment: Seshagiri Rao, Jt MD, JSW Steel
Highly-leveraged steel companies have been the worst hit by the Covid-19 crisis with the sharp fall in demand and uncertainty over government spending on infrastructure projects. Steel producers were dependent on the export market to make up for the drop in domestic demand. However, how long the export market will support domestic steel producers is […]
Telangana to add over 10,000 MW capacity within three years
Telangana’s power sector is on course to adding over 10,000 MW of power generation capacity over the next three years, thereby becoming a State with surplus power. Post bifurcation in 2014, Telangana started off with an installed capacity of 7,778 MW. Within six years, the overall power generation capacity has shot up to 15,980 MW. […]
Tata Power takes over Central Electricity Supply Utility of Odisha
Tata Power has taken over the Central Electricity Supply Utility of Odisha (CESU). Tata Power received the Letter of Intent (LoI) from the Odisha Electricity Regulatory Commission (OERC) for the distribution and retail supply of electricity in Odisha’s five circles, consisting of Bhubaneshwar, Cuttack, Puri, Paradip and Dhenkanal, according to a company statement. Tata Power […]
AirAsia India to give away 50,000 free seats to doctors on its domestic network
In a special initiative acknowledging the contribution of doctors in handling the Covid-19 pandemic, AirAsia India will give away 50,000 free seats to doctors on flights across its domestic sectors. Doctors can submit their contact details and desired sector and date of travel between July 1 to September 30 with their registration number or ID […]
GoAir, Indigo get more time to replace Pratt & Whitney engines
In a breather to GoAir and IndiGo, the Directorate General of Civil Aviation (DGCA) has extended the deadline for the two airlines to replace all the 60 unmodified Pratt & Whitney (P&W) engines on their A320neo planes by three months. . The earlier deadline to replace these engines was May 31, however, neither of them […]
Factors like lockdown in metro cities need to be addressed before resuming international flights: Puri
Several factors like the lockdown in metro cities and the ban imposed by various countries on the entry of foreigners need to be addressed before resuming international passenger flights in India, Civil Aviation Minister Hardeep Singh Puri said on Monday. Domestic services were suspended in India due to the coronavirus-induced lockdown and resumed after a […]
Extension of concession period for NHAI BOT (Toll) projects does not compensate for loss, says ICRA
The NHAI proposal to extend the concession period and Covid-19 loan for operational BOT (Toll) projects and non-treatment of toll suspension as political force majeure could become contentious, according to ICRA. Extension of the concession period by the NHAI and the Covid-19 loan for Operational BOT (Toll) projects does not compensate for loss in net […]
Oil prices slip as wary traders eye upcoming OPEC+ meeting
Oil prices fell nearly 1 per cent on Monday as traders hedged bets with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June. Brent crude fell 34 cents to $37.50 a barrel, in the first day of trading in […]
Reliance Industries to be debt-free by year-end
With plans to raise funds totalling ₹1.62-lakh crore by December, billionaire Mukesh Ambani-controlled Reliance Industries Ltd (RIL) will emerge net-debt free by the end of this calendar year. This is much ahead of industry and analysts expectations of RIL being debt-free by March 2021. These fund-raising plans are based on equity partnership deals or through […]
Cooking gas prices hiked by Rs 11.50 a cylinder
Cooking gas prices across the country were hiked by Rs 11.50 per 14.2 kg domestic cylinder on Monday. An IndianOil statement said the hike was on account of an increase in the price of Liquefied Petroleum Gas (LPG or cooking gas) in the international markets. “The Retail Selling Price of LPG in the Delhi market […]