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Wednesday, January 4, 2023

Big tariff relief for imported coal-fired power plants

The Central power tariff regulator has ordered full payment of higher fuel costs along with “reasonable margin of profit” to imported coal-fired generation units that were forced by the government in May last year to avoid widespread blackouts amid a surge in demand.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QhKfJye

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Crude on boil: Oil prices jump over 2% as Iran closes Strait of Hormuz to all vessels

Global crude benchmarks surged over 2% as Iran declared the Strait of Hormuz closed to all vessels following fresh US military strikes. Bren...