Saving the environment is no longer the only compelling argument for switching to renewable energy, said Michael Milken, chairman of think tank Milken Institute, who pointed out that such energy sources are now cheaper than many fossil fuels.
As the beleaguered power sector expects reforms from the government, Ramesh Subramanyam, CFO, Tata Power, in an interview with CNBC-TV18 on Monday, said that privatisation of distribution companies (discoms) will be attractive for the industry but just implementing franchise model is restrictive and will not solve the problem.
If all goes well, the world’s leading oil company Saudi Aramco would soon be India’s key strategic partner in Narendra Modi government’s mega project, the West Coast Refinery, worth over Rs 4 lakh crore.
Indian Railways is set to face a challenging journey ahead with ambitious targets. While its privatisation drive will be closely watched by one and all, the state-run unit’s plan to produce 40 Vande Bharat rakes by 2022 and create dedicated passenger corridor fit for 160 km per hour are no mean feat to achieve.
The Delhi Metro smart cards could soon serve an additional purpose as authorities are mulling authorizing their use for paying parking fee. The Environment Pollution (Prevention and Control) Authority (EPCA)
All eyes will now be on Saudi Arabia’s new energy minister to see if the country will stay the course on stabilizing global crude markets, oil market expert Helima Croft said Monday. This follows news that Saudi Arabia’s King Salman has replaced Energy Minister Khalid al Falih with one of his sons
The Narendra Modi government has a divestment target of Rs 1.05 lakh crore for the current fiscal and it wants to move fast in case of public sector undertakings (PSUs) such as BPCL. However, CNBC-TV18 has learnt that the finance ministry has raised objection on government’s stake sale to IOC
Bharat Goenka, CFO – Aluminium and Power, Vedanta, in an interview with CNBC-TV18, said despite the slowdown, there is hope that with monsoon behind us, the festive season ahead and the government’s $100 billion infrastructure thrust
With Letter of Credit for payment being made mandatory for power distribution companies, the government is working to ensure no new losses are created by the discoms, said RK Singh, minister of power and renewable energy in an exclusive interview to CNBC-TV18.
Oil prices eased on Friday after three days of gains, with concerns about the state of the global economy amid the U.S.-China trade war keeping prices in check. U.S. oil fell 6 cents, or 0.1%, to $56.65 a barrel by 0050 GMT.