Business
Heathrow Airport can recover up to £320m in early expansion costs – regulator
Heathrow Airport can recover up to £320 million of early costs linked to its expansion plans, the industry regulator has said.
The UK Civil Aviation Authority also confirmed that a rival bidder for Heathrow’s third runway could recover some costs linked to its plans.
Last year, the aviation watchdog launched a consultation on the regulatory treatment of early costs of Heathrow expansion.
The CAA’s draft decision showed that Heathrow Airport Ltd, the company behind the UK’s largest airport, is allowed to recover early costs incurred during 2025 and 2026 linked to expansion plans up to a cap of £320 million.
The process is subject to statutory consultation.
It will allow Heathrow Airport Ltd to have the resources necessary to continue work on expanding the airport, the CAA said.
Early costs include those linked to planning and design needed to develop a credible plan to expand the airport.
It comes after the Government selected Heathrow Airport Ltd’s plan for a third runway, which will involve diverting part of the M25.
The airport’s plan is one of two proposals for the expansion, with the other from Arora Group, led by hotel tycoon Surinder Arora.
On Monday, the CAA confirmed that Heathrow West Ltd, Mr Arora’s business for his Heathrow runway plan, could also recover some early costs.
The regulator said it has allowed the business to recover up to £4.3 million of costs incurred up to November 25, when ministers confirmed it had missed out on Government backing.
Business
Electricity bills targeted in planned shakeup to energy pricing
The war in the Middle East has brought renewed attention to Britain’s vulnerability to energy price shocks.
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Gadkari urges shift to 100% ethanol blending, flags energy security and import risks – The Times of India
India should aim for 100 per cent ethanol blending in the near future to strengthen energy self-reliance, road transport and highways minister Nitin Gadkari said on Tuesday. He said that vulnerabilities in oil supplies due to the ongoing crisis in West Asia have made it essential for the country to reduce dependence on imports.Speaking at the Indian Federation of Green Energy’s Green Transport Conclave, Gadkari said, “In the near future, India should aspire to achieve 100 per cent ethanol blending… Today, we are facing an energy crisis due to the war in West Asia, so it is necessary for us to become self-reliant in the energy sector,” as quoted by PTI.India currently allows vehicles to run on E20 petrol, which contains 20 per cent ethanol, with minor engine modifications to avoid corrosion and related issues. In 2023, PM Modi launched petrol blended with 20 per cent ethanol. Countries such as Brazil have already achieved 100 per cent ethanol blending.Gadkari noted that India imports 87 per cent of its oil requirements, adding, “We import fossil fuels worth Rs 22 lakh crore, which is also causing pollution… so we need to work on increasing production of alternative fuel and bio-fuel.”On future energy solutions, he stressed the importance of green hydrogen but pointed out challenges in cost and transport. “Transport of hydrogen fuel is a problem. Also, we need to produce 1 kg of hydrogen at $1 dollar, to make India an exporter of energy,” he said, adding that hydrogen production from waste should be explored.The minister also emphasised the role of a circular economy in generating employment opportunities. While calling for reduced reliance on petrol and diesel vehicles, he clarified, “But we can not force people to stop buying petrol and diesel vehicles.”Addressing concerns about E20 fuel, Gadkari said the petroleum sector is lobbying against the move. He also urged automobile manufacturers to prioritise quality over cost to expand into new markets.Last year, Gadkari dismissed criticism against E20 (ethanol-blended petrol), saying a “paid” social media campaign is being run to “target me politically.” He said Society of Indian Automobile Manufacturers and Automotive Research Association of India have shared their findings on ethanol blending in petrol. He added that India’s ethanol programme has benefited farmers, noting that ethanol made from maize has helped them get better prices and led to gains of Rs 45,000 crore.
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Spike in petrol thefts after Iran war pushed up fuel prices
One petrol retailer says he is experiencing about five drive-offs a week at each forecourt, costing him thousands.
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