Mumbai: Domestic air travel demand contracted by 41 per cent year-on-year to around 76 lakh passengers in January with sequential growth also slowing down to 3.5 per cent during the month over December 2020, a report said on Monday. Indian carriers had flown a total of 1.27 crore passengers on domestic routes in January 2020. […]
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ONGC to usher in India’s first geothermal energy at Ladakh
New Delhi: State-owned Oil and Natural Gas Corporation (ONGC) on Monday said it will implement India’s maiden geothermal field development project in Ladakh that will use the heat generated by the Earth’s core to generate clean energy. “A memorandum of understanding (MoU) to formalise this has been inked by ONGC NSE 3.41 % Energy Centre […]
Air India set to post record loss in FY21 on pandemic woes
New Delhi: Divestment-bound Air India Ltd is set to witness record loss this fiscal amid strict travel curbs and border lockdowns due to the covid-19 pandemic. The airline is likely to incur a net loss of ₹9,500-10,000 crore in the year through March, up from a ₹8,000 crore loss recorded in the previous year, a […]
Uttarakhand glacier disaster: Jaiprakash Power closes Vishnuprayag hydropower project
NEW DELHI: Jaiprakash Power Ventures Ltd NSE 0.00 % (JPVL) has said it has closed its Vishnuprayag Hydro Electric Project (VHEP) as a precaution in view of flash foods in the Chamoli district of Uttarakhand. In a statement, the company has stated that it has closed the power plant in view of flash floods on […]
Uttarakhand glacier disaster: Damage to NTPC project may delay its commissioning, says minister
Dehradun: The Sunday’s avalanche has caused an estimated loss of Rs 1,500 crore to the NTPC NSE 0.75 %’s 480 mw Tapovan-Vishnugad hydel project and has put a question mark on its scheduled commissioning in 2023 with a huge amount of silt lying at the site, Union Power Minister R K Singh said on Monday. […]
Amp Energy India commissions solar project for L&T Metro Rail in Hyderabad
New Delhi: Amp Energy India on Monday said it has commissioned one of the largest behind-the-meter solar projects for L&T Metro Rail (Hyderabad) Ltd. The metro rail is a public-private partnership (PPP) project between the Telangana government and infrastructure company Larsen & Toubro Ltd. Amp Energy has installed 7.805 MW solar plant for L&T metro […]
ONGC to undertake India’s first geothermal field development project in Ladakh
NEW DELHI: ONGC NSE 3.31 % plans to undertake India’s first geothermal field development project in Ladakh with an aim to generate a new green energy source for the union territory. The company signed a preliminary agreement with the union territory for this, a first step towards creating a carbon-neutral Ladakh, the company said in […]
Moody’s upgrades power sector outlook to stable on generation uptick
Mumbai: Rating agency Moody’s on Monday upgraded the outlook on the power sector to stable from negative, citing the fifth consecutive month of generation growth in January. The Central Electricity Authority last week reported a 3.1 per cent year-on-year growth in power generation in January, making it the fifth consecutive month of generation growth after […]
Renewable energy installation at a five-year low in 2020: Report
Renewable energy capacity addition was at a five-year low in 2020, with 2,620MW and 1,309MW of solar and wind capacity installed respectively in the calendar year, according to a report by renewable energy consultancy firm Bridge to India. The drop was particularly steep in the solar segment. In 2019, 5,013 MW of solar capacity and […]
Explain 700 MW Dholera Project bid cancellation: MNRE asks Gujarat
Mumbai: The Ministry of New and Renewable Energy (MNRE) has written to the Gujarat government, seeking details and the reason for the recent cancellation of 700 MW of solar tenders for the Dholera Solar Park projects for which letters of award were given to a clutch of power producers, said people in the know. The […]
Electric two-wheelers can help save ₹22,000 annually: Delhi Transport Minister
The Switch Delhi campaign, which was launched by Delhi Chief Minister Arvind Kejriwal on Thursday, aims at promoting the use of electric vehicles in the city. In a series of tweets, Delhi Transport Minister Kailash Gahlot highlighted some of the monetary benefits of moving to a scooter with an electric powertrain. Gahlot claimed that by […]
Fate of NTPC’s Tapovan project hangs in balance after Rs 1,500 crore loss
NEW DELHI: The fate of NTPC’s 520-MW Tapovan-Vishnugad hydel project hangs in balance as India’s largest power company is estimated to have suffered a loss of Rs 1,500 crore due to damage to the construction caused by Sunday’s flash flood in Uttarakhand’s Rishiganga river. The company, however, told the BSE on Monday that the “damage […]