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Dec 14, 2019, 11.25 PM IST

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Airlines’ excess capacity problem to increase in 2020

International Air Transport Association (IATA) chief economist Brian Pearce said that the problem of capacity is set increase in calendar year 2020. While lower fares have made flying affordable in India, airlines have started to complain about excess capacity in the market that is leading to lower fares for passengers, impacting the bottom line of airlines.

47.86 GW of renewable energy capacity installed in India over six years: Govt

"A total of 47.86 GW of renewable energy capacity has been inst...

SpiceJet may gain from IndiGo’s move to cut capacity addition

Indi-Go's cut in its incremental capacity by 2-3 per cent reduces the industry'...

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  • The Parliamentary Standing Committee on Energy has also asked the ministry to take up the issue of ambiguity and disputes related to GST on renewable energy devices with the finance ministry at the earliest. This is the panel's first report, which was tabled in Parliament on Friday.

    To facilitate the growth of wind power production in the country, several fiscal and financial incentives such as Accelerated Depreciation and exemption of concessional customs duty for procuring certain components of wind electric generators are being provided by the government to private sector investors.

    On November 1, aviation regulator Directorate General of Civil Aviation (DGCA) had asked IndiGo to replace all unmodified PW engines on its 97 A320neo family aircraft or face grounding of planes.

    Tenders for another 36,278 MW capacity projects have been issued and with new tenders of around 15,000 MW planned in remaining period of 2019-20 and 2020-21, and the country is on course for achieving the target.

    "As on October 31, 2019, a total grid connected solar power generation capacity of 31,696 MW has been set up in the Country, projects of 17,998 MW capacity are at various stages of installations," the minister said. Tenders for another 36,278 MW capacity projects have been issued and with new tenders of around 15,000.

    The cement maker had earlier set a target of 20 MTPA manufacturing capacity by 2020, which it is likely to miss due to the ongoing demand slowdown.

    As per data reported by the Central Electricity Authority, a combined capacity of 13, 499.41 million units (MU) of solar power was generated during 2016-17, 25,871.07 MU during 2017-18, 39,268.20 MU during 2018-19 and 22,944.81 MU in 2019-20 (till September 2019).

    "Godrej Appliances is all set to invest another Rs 700 crore by 2022. This latest announcement takes the tally of Godrej Appliances' investment in capacity and technology expansion to Rs 1,100 Crore over a period of six years," the Godrej & Boyce Mfg Co unit said.

    So far 199 waste-to-energy projects for generation of biogas/bio CNG/ power based on urban, industrial, agriculture waste and municipal solid waste have been successfully established in the country as on October 31, 2019, Minister of State for Power, New and Renewable Energy R K Singh said in a reply to the Lok Sabha.

    Singh said that more than 55% of installed power capacity will be renewable by 2030. "India has decided that by 2030, about 40% of its installed capacity will come from renewables. But we will be crossing that," he added. On the Perform Achieve and Trade scheme, he said India saved 8.63 mn tonnes of oil equivalent in the first round of the scheme.

    The next phase of expansion that will take the company to 20 GW will be driven by renewable energy.

    The Arjas steel plant at Tadipatri, in Anantapur district of Andhra Pradesh, has an installed capacity of 300,000 tonnes of special steel long products per year, focused on automotive, defence, railways and related industries. The initial plan is to increase the capacity to 350,00 to 375,000 tonnes.

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