Karnataka heading for fixed load-shedding

August 22, 2015

Bengaluru, Aug 22: The deficient southwest monsoon has led to reduced power production forcing the Sate to resort to scheduled load-shedding in the next few days.30BGPOWERCUT 1222570f

The State government may have directed Bengaluru Electricity Supply Company (Bescom) to ensure effective power supply till Saturday, the day of polling for the Bruhat Bengaluru Mahanagara Palike elections, but many areas of Bengaluru have been experiencing unscheduled power cuts for the past two days.

Bescom Managing Director Pankaj Kumar Pande, however, attributed them to local problems and denied that the company had resorted to load-shedding.

Kumar said the government had been drawing up a plan to conduct scheduled load-shedding, including in Bengaluru.

“Now that we have completed the process of power purchase from the open market, a plan will be chalked out for load-shedding in a day or two. It will be finalised based on the shortage and availability,” he said.

Meanwhile, escoms, including the Bescom, will spend an estimated Rs 3,400 crore to purchase power from the open market to tide over the power crisis resulting from the deficient monsoon.

They are expected to spend an estimated Rs 350 crore per month on short-term power purchases.

The Karnataka Electricity Regulatory Commission on Friday gave escoms the nod to purchase 1,000 mega watts (MW) of power at Rs 5.08 per unit till May 2016.

Currently, about 6,400 MW is available against the total requirement of 8,000 MW.

The power shortage is mainly to due to a decline in water levels of hydel reservoirs and recent outages at the Udupi Power Corporation Ltd and Ballari Thermal Power Station (BTPS).

The total capacity in the three major hydel reservoirs of Linganamakki, Mani and Supa is about 4,000 million units (MU) against 6,573 MU during the same period last year, said Additional Chief Secretary to the Energy Department P Ravi Kumar.

Due to these outages, the State is now generating hydel power at its full capacity of 40 MU, as against a normal of 12-14 MU during the monsoon season. The current storage at the reservoirs will be exhausted in about 100 days if this continues.

Of the two 500-MW BTPS units, one is under maintenance and another tripped on Thursday, said Karnataka Power Transmission Corporation Limited (KPTCL) Managing Director Jawaid Akhtar.

He added that the KPTCL had planned to procure 750 MW at Rs 5.08 per unit from this September 15 to May 2016.

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Agencies
February 23,2020

Bengaluru, Feb 23: As India gears up to welcome Donald Trump on his maiden visit to the country, a kite artist flew a special 15-feet long kite to welcome the US President.

VK Rao, an international kite artist from Karnataka, crafted the special kite, which included the photographs of both Trump and Indian Prime Minister Narendra Modi, with the messages 'Namaste Trump' and 'Welcome to India'.

Speaking to ANI, Rao said: "We have created and flown this special kite to welcome the US President. The kite is 15 feet long."

Earlier, an Amritsar-based kite maker in Punjab had designed special kites to welcome Trump.

"As Donald Trump will be visiting India, so I have made some kites to welcome him. There are kites with pictures of PM Narendra Modi and Donald Trump," said Jagmohan Kanojia, the kite maker.

Preparations are on across the country to welcome Trump, who is scheduled to visit India on February 24 and 25.

During the visit, Trump is scheduled to participate in a roadshow with Prime Minister Narendra Modi and will address a gathering at the Motera stadium.

On Monday evening, the President and his family will be visiting the Taj Mahal in Agra.

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News Network
February 18,2020

Bengaluru, Feb 18: Passengers of the Ahmedabad bound GoAir flight had a providential escape when the engine of the aircraft while on the roll of take-off hit by a foreign object at the Kempe Gowda Bengaluru International Airport on Tuesday.

'The right engine of GoAir flight G8 802 from Ahmedabad to Bengaluru is suspected to have suffered from foreign object damage (FOD) while on take-off roll,' an official statement said.

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News Network
January 15,2020

Bengaluru, Jan 15: The Indian startups secured 12.7 billion in funding last year -- a 15% growth compared to 2018 - and Bengaluru startup community topped the list, with securing $5.3 billion across 267 deals, a new report said on Tuesday.

In total, the Indian startups attracted 766 deals in 2019, taking total deal count between 2014-2019 to 5,011, said DataLabs by Inc42 in its annual startup funding report.

Sequoia took the top spot as the most active VC in 2019 with 53 deals, followed by Accel that participated in 38 deals. Blume Ventures, Matrix Partners and Tiger Global were in the top five VCs in 2019.

"The Indian startup economy is entering new decade with over $58 billion in fundraising and 2,984 funded startups between 2014-2019," the findings showed.

With an average of $21 million, the ticket size value of funding increased by 15% in 2019.

Ecommerce and fintech -- with $2.6 billion funding each -- took the top slot with 93 deals and 125 deals, respectively.

"Ecommerce continued to remain at the top by the end of 2019. The growing investor confidence towards sub-sectors such as vertical ecommerce, social commerce and private label businesses is one major factor for ecommerce maintaining its lead," a DataLabs spokesperson said in a statement.

According to the estimates, the funding amount and deal count in 2020 will be around $12.6 billion at a 1% decline from 2019.

"Nevertheless, the investment activity is expected to rise in 2021," said the report.

The data suggests that 2019 had lowest number of startups funded (664) in the last five years, with seed-stage funding deals dropping by 53%, compared to 2016.

With $252 million in funding, seed-stage deal value fell by 44% (compared to 2018) as only 306 seed funding deals were recorded, the report said.

The enterprise tech had a blockbuster year with total funding of $1.15 billion across 114 deals in 2019. The sector recorded a 49% surge in total funding amount, compared to 2018.

The Indian startup economy saw 275 unique VCs participating in funding in 2019, said the report.

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