Electric vehicle market is likely to attract investments of Rs 94,000 crore over the next five years and is expected to generate business opportunities in the real estate sector, according to a joint report by Colliers India and Indospace. The report ‘Electric Mobility in Full Gear’ mentioned that the electric vehicle (EV) industry in India […]
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Storms sweep through Central US, leave over 510,000 without power
A powerful storm system swept through the central US with high winds that kicked up dust storms, fueled wildfires and knocked down power lines, leaving more than 510,000 customers without power, with no mass casualties reported, according to major US news outlets. The National Weather Service (NWS) reported a “confirmed tornado” near Rochester in southeastern […]
Follow prudential norms when lending to discoms: Power Secy tells SBI
The Union Ministry of Power has pressed upon country’s leading bank, the State Bank of India, to follow the prudential norms while lending to the state-owned power distribution companies (discoms) that are in a financially beleaguered condition. The ministry had earlier urged the central banker Reserve Bank of India (RBI) to direct the public sector […]
In-principle nod to Jaitapur site for 6 nuclear power reactors: Govt
In-principle approval has been accorded to a site in Maharashtra’s Jaitapur for setting up six nuclear power reactors of 1,650 MW each in technical cooperation with France, the government said on Thursday. This would make it the largest nuclear power generating site in the country with a total capacity of 9,900 MW, Minister of State […]
India’s nuclear power capacity to be hiked to 22,480 MW by 2031: Govt
Noting that net zero targets are expected to be met through a combination of clean energy sources, including nuclear power, the government said on Thursday that in this context, India’s present nuclear power capacity of 6,780 MW is planned to be increased to 22,480 MW by 2031. Responding to a question in the Rajya Sabha, […]
L&T power transmission, distribution biz bags orders in India, overseas
Larsen & Toubro (L&T) on Thursday said that its power transmission and distribution business has bagged a slew of orders both in India and overseas. An order has been secured to provide dynamic reactive power compensator system at a substation in Abu Dhabi, L&T said in a statement. To enhance the grid stability and provide […]
Low stock at plants in Apr-Nov due to high power demand, rains: R K Singh
Power plants could not maintain sufficient coal stocks during April-November this year due to rise in electricity demand, heavy monsoon rains which continued till first week of October and rise in imported dry fuel price, Parliament was informed on Thursday. “During April-Nov, 2021, power plants were not able to maintain sufficient stock as coal-based power […]
Tata Power arm TP Saurya to set up 300 MW hybrid wind-solar project
Tata Power on Thursday said its arm TP Saurya has received a ‘Letter of Award’ from Maharashtra State Electricity Distribution Company (MSEDCL) for setting up a 300 MW hybrid (wind & solar) project. TP Saurya Ltd (TPSL), a wholly-owned subsidiary of Tata Power, has received this Letter of Award (LoA) in a bid announced by […]
Power discoms owe gencos more than Rs 1.56 trn: Power minister
Total outstanding dues owed by power distribution utilities or discoms to generation firms (gencos) are estimated to be more than Rs 1.56 lakh crore, Parliament was informed on Thursday. “Discoms have not been able to pay the generation companies for the power procured, and the outstanding payments to generation companies are estimated to be in […]
Plaza Premium Group selects TCS to transform airport hospitality experience
IT services major Tata Consultancy Services (TCS) on Thursday announced that Plaza Premium Group (PPG), a global airport hospitality services provider based in Hong Kong, has selected it to develop an end-to-end digital platform that will improve customer experience and operational excellence at its 70 airport locations that serve 20 million passengers annually. The long-term […]
United Airlines CEO defends Covid vaccine mandate at Senate hearing
United Airlines Chief Executive Scott Kirby on Wednesday defended a decision to mandate COVID-19 vaccines for workers amid criticism from some Republican senators. “We did this for safety. We believe it saved lives,” Kirby said at a Senate Commerce hearing on aviation issues. “We don’t compromise on safety.” Republican Senator Ted Cruz criticized United’s vaccine […]
End of an era: Airbus delivers last A380 superjumbo to Dubai’s Emirates
PARIS/HAMBURG (Reuters) -Airbus delivered the final A380 superjumbo on Thursday, to Dubai’s Emirates, marking the end of a 14-year run that gave Europe an instantly recognised symbol across the globe but failed to fulfil the commercial vision of its designers. Production of the world’s largest airliner – capable of seating 500 people on two decks […]