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Union Power Minister RK Singh has urged the finance ministry to impose basic customs duty on solar equipment in a phased manner to boost domestic manufacturing. → Read More
India’s fuel consumption in August was the lowest since November last year. → Read More
Lower tariffs for wind power developers after India moved to an auction regime in 2017 has hurt wind turbine makers in the country. → Read More
Delhi Chief Minister Arvind Kejriwal said today people in the national capital won’t have to pay for electricity if their monthly power usage is within 200 units. → Read More
Starting January 1, the shipping industry will have to use low-sulphur fuel, according to International Maritime Organization’s shipping emission standards. Prices of the low-sulphur shipping fuel have already have jumped on anticipation of higher demand. Indian Oil and BPCL, however, say they are ready to meet the demand for low-sulphur shipping fuel. → Read More
India asked power distributors to offer letters of credit as a security against delays in payments to generation companies. But analysts are divided if that would help curb mounting unpaid dues. → Read More
Kerala retained its spot as the healthiest state on the Niti Aayog’s state-wise healthcare rankings while Uttar Pradesh stood at the bottom. → Read More
Indian power producers are up in arms against a circular that proposes a threefold hike in their reinsurance premiums. → Read More
Solar panel makers are considering urging the government to impose a safeguard duty on Thailand and Vietnam as imports from these two Southeast Asian nations rose following a levy on China and Malaysia last year. → Read More
PFC-REC Merger: Deloitte will see whether to opt for a share swap or raising equity, among other options, for the PFC-REC merger. The government would want to have 51% stake in the entity resulting from PFC-REC merger but hasn’t decided how will it be done. → Read More
India’s looking to resolve operational issues to meet its ambitious renewable energy capacity target of 175 gigawatt by 2022 as Asia’s third-largest economy shifts from coal-fired energy. → Read More
At least 10 private solar power producers have urged the Telangana government to clear dues worth around Rs 1,000 crore pending for nearly eight months. → Read More
Jet Airways crisis: Air India has got one or two international flight routes of Jet Airways and is likely to get more because they have spare fleet capacity. Aviation secretary will chair a meeting on May 17 with operators to discuss reallocation of Jet Airways’ international routes. → Read More
Prime Minister Narendra Modi’s government lined up a profitable Pawan Hans Ltd. for sale—about three years later, the state-run helicopter services provider hasn’t found a buyer. And it’s battling a crippling cash crunch. → Read More
Indian oil refiners said they have tied up alternative supplies and the U.S.’ decision to end waiver that allowed to import oil from Iran won’t have much impact. → Read More
Most Indian airlines are in talks with lessors to take over deregistered aircraft of Jet Airways (India) Ltd. as the ailing carrier stares at a full shutdown. → Read More
SpiceJet Ltd. is likely to lease about a dozen planes from Jet Airways (India) Ltd.’s lessors as it looks to operate at its earlier capacity following the grounding of its Boeing 737 Max 8 aircraft by the aviation regulator. → Read More
To promote use of energy-saving bulbs in Indian homes, the Modi government had launched UJALA—Unnat Jyoti by Affordable LEDs and Appliances for All scheme—in 2015. → Read More
Power Finance Corporation Ltd. became the promoter of power financier REC Ltd. as it acquired the government’s 52.63 percent stake in the state-run peer along with its management control. → Read More
Carmakers anticipating the second round of bids to supply electric cars to the government may be up for disappointment. The state-run Energy Efficiency Services Ltd. will now focus on public transport. → Read More