The government has put on hold the privatisation of Central Electronics Ltd (CEL) after the employees union approached the court against the sale of the company to a little-known firm, a top official said Wednesday. The Letter of Intent (LoI) for sale of 100 per cent government shareholding in CEL to Nandal Finance & Leasing […]
Court Ruling Clears Way For Energy Storage On The Grid. Who Benefits?
The way has been cleared for energy storage projects by a federal appeals court. The July decision is a big win for independent, merchant battery companies and renewable energy proponents. Advanced battery technologies and decreasing battery costs have encouraged the development of utility-scale (really big) electricity storage stations on the grid. Tesla -3.8%TSLA and AES […]
Rosmah asked for bigger cut in solar project because of ‘political cost’, witness tells court
Datin Seri Rosmah Mansor allegedly used costly political finances as justification for seeking a bigger cut in the controversial solar hybrid project, a witness told the High Court today. Standing as the 16th prosecution witness today, Rayyan Radzwill Abdullah testified that Rosmah asked Jepak Holdings Sdn Bhd for a 15 per cent cut for helping […]
HC directs defaulter to pay Rs 4 lakh dues in installments to BSES to get power restored
The man’s counsel informed the court that he was willing to make the payment in installments and that he could not make the payments due to financial distress New Delhi: A man who defaulted on electricity bill of Rs 4 lakh, prompting the authorities to disconnect power in his house, has got some relief from […]
Former China energy administration chief Bekri jailed for life: Court
The court said in a statement published on Chinese social media platform Weibo that Bekri confessed his crimes while on trial BEIJING: Former head of China’s National Energy Administration Nur Bekri has been sentenced to life in prison for accepting bribes, China’s Supreme People’s Court said on Monday. The court said in a statement published […]
AP goes to court against Centre’s LoC order
The financial situation of Andhra Pradesh is in deepest crisis. It is not in a position to make payments of any sort. This is why it is unable to give Letters of Credit to the solar companies towards power supply dues. At such a time, the Centre ordered AP to issue LoCs failing which the […]
IL&FS puts Rs 2,880 acre land parcels in Kutch for sale
In an attempt to its monetise assets, the bankrupt IL&FS group has put its 2,880-acres of non-contiguous land banks spread across seven villages in the Kutch region of Gujarat for sale. The company has invited expressions of interest from interested parties for selling the land parcels owned by three subsidiaries of IL&FS Group in the […]