The biggest drop in India’s electricity demand in at least 12 years is hindering efforts of Indian lenders to recover a pile of loans to power producers that have soured. Banks had about 1.8 trillion rupees ($25 billion) of stressed loans to India’s coal-fired power generators as of last year, according to the State Bank of India
Progress in energy storage will soon mean energy security for India, as the country races ahead with large renewable power commitments. Already fifth in the world in renewables, India now says it will exceed its 2022 target of 175 gigawatts of installed renewable capacity.
Saudi Aramco, the state-owned oil company of Saudi Arabia, has said supply of crude oil to international clients, including India, will not be impacted despite attacks on its two processing facilities in September this year.
Monday marks the 50th anniversary of the Tarapur Atomic Power Station or TAPS as it is known. Located in the industrial area of Boisar in Maharashtra’s Thane district, TAPS was India’s first atomic power project when it began operations on 28 October, 1969.
The Delhi Metro, with a network of 377 km, is inarguably one of India’s most efficient suburban rail systems, connecting areas on different ends of the national capital region (NCR). It’s also an asset to Delhi’s environment, offsetting carbon emissions to the tune of 36.2 lakh tonnes over the past 10 years.
A special train service launched by the Indian Railways for a ‘dream holiday’ this Karwa Chauth season has been cancelled after only four couples signed up for the 78 seats on offer, ThePrint has learnt.
The Tejas Express launched between Lucknow and New Delhi on 4 October is being labelled India’s first ‘private’ train. While it’s not exactly that, it is a big step towards the privatisation of the railways, and its success could eventually lead to the end of the Indian Railways’ monopoly on trains in India.
On Saturday, the Houthis, a Yemeni rebel group fighting against a coalition led by Saudi Arabia, took credit for a strike that knocked out two key Saudi oil processing facilities.
India’s Power Finance Corp. Ltd. is looking for new sectors to fund as it wants to hedge the risks associated with lending to the nation’s ailing utilities, according to people familiar with the matter.
Passengers on the proposed Vande Bharat Express between Delhi and Katra, near the Vaishno Devi shrine, will only be served vegetarian food, ThePrint has learnt.