GOOD AFTERNOON INDIA

August 16, 2018, Thursday

Your Afternoon News Updates From Across The Media Space 

Govt brings relief to 2,500 Mw thermal power stations with pilot scheme

Govt brings relief to 2,500 Mw thermal power stations with pilot scheme

Electricity generating firms would now be able to sell power without binding pacts, as the Union government on Monday allowed procurement of power for three years under medium term from generators with commissioned projects but without Power Purchase Agreement (PPA).

Read more

Power demand could breach 7,000 MW mark

Power demand could breach 7,000 MW mark

In the midst of an unforgiving heat wave, peak power demand in the national Capital on Thursday touched 6,417 mega watts and is expected to touch 6,525 MW in the next few days. According to officials of the Delhi Power Department, peak power demand in June may breach the 7,000 MW mark – the highest ever recorded in the Capital.

Read more

SBI, Power Finance Corp working to resolve 11 power projects under SBI Samadhan Scheme

SBI, Power Finance Corp working to resolve 11 power projects under SBI Samadhan Scheme

Power Finance Corporation (PFC) is working with the country’s biggest lender, State Bank of India (SBI), and others to resolve 11 stressed power projects among other resolution plans.

Read more

Discom asks residents to keep ACs at 20 degrees as power demand reaches record high in Gurugram

Discom asks residents to keep ACs at 20 degrees as power demand reaches record high in Gurugram

Power demand in the city reached a record high of 288.7 lakh units (approximately 1,150MW) on Tuesday, breaching the previous record of 288 lakh units on June 5 last year.

Read more

Spot power prices to stabilize at Rs 3.5 per unit : ICRA

Spot power prices to stabilize at Rs 3.5 per unit : ICRA

Rating agency ICRA believes current high level of spot power tariffs are likely to moderate as generation from wind and hydro sources rises in June. Prices are likely to stabilise around Rs 3.5 per unit, the rating firm said in a statement.

Read more

EESL in talks with Telangana, MP, Rajasthan to supply electric vehicles

EESL in talks with Telangana, MP, Rajasthan to supply electric vehicles

State-run Energy Efficiency Services (EESL) is in talks with states like Telangana, Madhya Pradesh and Rajasthan among others for supplying electric vehicles (EV), a senior company official said.

Read more

7.18 lakh RECs traded in May : IEX

7.18 lakh RECs traded in May : IEX

Power exchange IEX today said a total of 7.18 lakh renewable energy certificates (RECs) were traded in May.
"In the trading session held on May 30 2018, the Indian Energy Exchange (IEX) saw total trade of 7.18 lakh RECs comprising 3.24 lakh non-solar and 3.94 lakh solar RECs," it said in a statement.

Read more

I-T department quizzes Matix Group Chairman over NuPower

I-T department quizzes Matix Group Chairman over NuPower

The Income Tax department has questioned Matix Group Chairman Nishant Kanodia in connection with NuPower Renewables, a leading daily reported.

Read more

Azure Power raises $135 m from IFC and EU banks

Azure Power raises $135 m from IFC and EU banks

Azure Power, an independent solar power producer with over 2,000 MW solar portfolio, has announced raising $135 million from International Finance Corporation, a private lending arm of the World Bank, and three European development banks.

Read more

Coal-fired power plants killing 80,000 adults every year: Study

Coal-fired power plants killing 80,000 adults every year: Study

More than 10,000 people (above 25 years) in Maharashtra die prematurely every year due to toxic emissions from thermal power plants, which is the highest in the country. Nationally the figure is nearly 80,000 adults.

Read more

‘Coal imported to meet State’s power demand’

‘Coal imported to meet State’s power demand’

The shortage of domestic coal in the face of high demand from its thermal power plants has forced the State government to import it since October last year.

Read more

New offshore wind farm project will dwarf nation's 1st offshore project

New offshore wind farm project will dwarf nation's 1st offshore project

A Rhode Island company is going to build a wind farm that will be 10 times the size of the nation's first offshore wind farm.

Read more

From scrap dealer to bad press magnate, Sterlite lays bare Anil Agarwal's predicament

From scrap dealer to bad press magnate, Sterlite lays bare Anil Agarwal's predicament

If oil and gas giant BP spilt oil in the Gulf of Mexico, then-mining companies BHP Billiton and Vale contaminated the bucolic Brazilian countryside in 2015. Look around you. Mining and natural resources corporations have always been vilified for their extractive methods and windfall profits at the expense of communities and carbon footprint.

Read more

OPINION - South Korea's sulphur cap alters Asian coal market dynamics: Russell

OPINION - South Korea's sulphur cap alters Asian coal market dynamics: Russell

South Korea's imposition of a strict sulphur cap on its imported coal is likely to cause ripples across Asia's markets for the polluting fuel, both in the short and longer terms.

Read more

Tamil Nadu taps record wind energy for 2017-18, leads clean energy chart

Tamil Nadu taps record wind energy for 2017-18, leads clean energy chart

Tangedco harnessed 13,000 million units of wind energy and 2,905 million units of solarenergy in 2017-18. Tamil Nadu is the only state to have used so much of green energy last year. The state has saved not less than 5,406 million tonnes of carbon on this count.

Read more

Core sector growth gains pace, marginally up 4.7% in April

Core sector growth gains pace, marginally up 4.7% in April

Sustained rise in cement production and a spurt in coal output led the combined output of the economy’s eight core sectors to grow at a marginally higher pace of 4.7 per cent in April as against 4.4 per cent in March.

Read more

Coal India has assured power ministry of meeting demands, says RK Singh

Coal India has assured power ministry of meeting demands, says RK Singh

Power Minister RK Singh said Coal India has given assurances of meeting the power ministry's coal demands, and said he was in regular touch with the ministry of coal and ministry of railways, regarding the shortage of coal.

Read more

Shootings in India tarnish Vedanta’s reputation

Shootings in India tarnish Vedanta’s reputation

After 99 peaceful days of protests, the 100th brought carnage. On May 22nd in Tuticorin, a coastal town near the southern tip of India, police indiscriminately fired live rounds into a crowd of several thousand demonstrators who were opposing the planned expansion of a copper-smelting facility.

Read more

Oil minister calls late-night meeting to mull options to reduce fuel prices

Oil minister calls late-night meeting to mull options to reduce fuel prices

Oil minister Dharmendra Pradhanburned the midnight oil on Thursday with his ministry officials and top honchos of oil companies in an effort to figure out a way to reduce fuel prices.

Read more

Petrol price cut by 6 paise per litre, diesel by 5 paise

Petrol price cut by 6 paise per litre, diesel by 5 paise

Prices for petrol and diesel were cut by 6 paise and 5 paise per litre respectively on Friday, for the third day in a row, but LPG prices saw a hike today. In Delhi, Petrol now costs Rs 78.29 per litre, while diesel price has been revised to Rs 69.20 a litre.

Read more

To cut fuel rates, government works on ONGC plan

To cut fuel rates, government works on ONGC plan

The Centre is working out a solution with the Oil & Natural Gas Corporation (ONGC) to announce a cut in diesel and petrol prices. A meeting was held late Thursday, sources said, at Petroleum Minister Dharmendra Pradhan’s residence.

Read more

Government to ask ONGC to bear fuel subsidy to help cut petrol, diesel price

Government to ask ONGC to bear fuel subsidy to help cut petrol, diesel price

The government may ask state-owned Oil and Natural Gas Corp (ONGC) to bear fuel subsidy to help cut petrol and diesel prices, sources said today.

Read more

Only 13 areas under second open acreage auction get expressions of interest

Only 13 areas under second open acreage auction get expressions of interest

The second round of oil and gas auctions under the Open Acreage Licensing Policy (OALP-II) has got expressions of interest (EoIs) for only 13 geographical areas, as against 55 during the first round last year.

Read more

'Govt working on long-term plan to curb, control fuel prices'

'Govt working on long-term plan to curb, control fuel prices'

The Union government is working on a long-term plan to provide relief to people from rising fuel prices, Union Minister Piyush Goyal today said. "International crude oil prices have risen sharply in recent times, which have impacted the prices of petrol and diesel in the country.

Read more

Petrol, diesel futures trading to help bulk consumers, no major respite yet for retail buyers

Petrol, diesel futures trading to help bulk consumers, no major respite yet for retail buyers

A plan by Indian Commodity Exchange Ltd (ICEX) and Multi Commodity Exchange of India (MCX) to introduce futures contract in petrol and diesel after approval from the market regulator Securities and Exchanges Board of India (SEBI) may bode well for bulk and industrial consumers who will now get room to hedge their fuel risks, experts said.

Read more

Fuel price hike: SAD delegation of parliamentary members meets Pradhan

Fuel price hike: SAD delegation of parliamentary members meets Pradhan

A delegation of Shiromani Akali Dal’s parliamentary members met Union Petroleum Minister Dharmendra Pradhan to discuss the rising prices of oil and demanded withdrawal excise duty on oil. The MPs also demanded that an advisory be issued to the state governments to lower the local taxes to bring down the escalating fuel prices.

Read more

Venezuela halts payments to India's ONGC, San Cristobal imperiled

Venezuela halts payments to India's ONGC, San Cristobal imperiled

Venezuela's state oil company PDVSA has halted payment to India's ONGC Videsh Ltd (OVL), Managing Director N K Verma said on Thursday, a move that could threaten the future financing of the San Cristobal energy project in the sanctions-hit South American nation.

Read more

Finance ministry hopes decline in crude prices to continue

Finance ministry hopes decline in crude prices to continue

Pinning hopes on further reduction in global crude oil prices, economic affairs secretary Subhash Chandra Garg on Thursday indicated that the retail prices of petrol and diesel could see a further decline.

Read more

U.S. and Brent crude part ways, leaving market flummoxed over oil prices

U.S. and Brent crude part ways, leaving market flummoxed over oil prices

Global oil markets have been roiled by a surprising divergence between the world's major benchmarks, Brent crude and its U.S. counterpart, which in recent days have traded at odds with one another, wrongfooting investors betting on the exact opposite.

Read more

Ready to bring fuel under GST: Junior finance minister Shiv Pratap Shukla

Ready to bring fuel under GST: Junior finance minister Shiv Pratap Shukla

With no respite over surging fuel prices, junior Union finance ministerShiv Pratap Shukla on Wednesday said that his government was ready to bring petroleum products under the ambit of single tax regime — GST — to pass on the relief to users.

Read more

Interview: Well-Defined Value Chain Required for Biofuels Sector to Grow in India

Interview: Well-Defined Value Chain Required for Biofuels Sector to Grow in India

In a country like India, where the overall economic growth is fueled by its agrarian sector, biofuels assume great significance in light of the country’s ambitious goals of doubling farmers’ income, import reduction, employment generation, and waste-to-wealth creation.

Read more

Rs 80cr ONGC scam: CBI books top officials

Rs 80cr ONGC scam: CBI books top officials

The Central Bureau of Investigation has filed a case against top officials of ONGC, Rajahmundry, including former executive director D G Sanyal

Read more

Petrol price cut by 7 paise, diesel by 5 paise

Petrol price cut by 7 paise, diesel by 5 paise

In a third reduction on the back of softening international oil rates, petrol price was on Friday cut by 7 paise a litre and diesel by 5 paise a litre. Petrol in Delhi now costs Rs 78.29 a litre, down from Rs 78.35. Thursday witnessed a similar dip in fuel prices as petrol and diesel prices were cut by 7 paise and 5 paise respectively.

Read more

Trains cross milestones, get picked for upgrades

Trains cross milestones, get picked for upgrades

Two of the country's oldest trains, Deccan Queen which completes 88 years and Punjab Mail which completes 106 years, will mark the milestones on June 1. Sources said that these trains have been chosen by the Railway Board for upgradation as part of the celebrations.

Read more

All east-bound trains packed to capacity

All east-bound trains packed to capacity

Ahead of the summer vacations, all long-route trains, especially those running towards Bihar, Uttar Pradesh, and Kolkata are packed with passengers.

Read more

Forget GDP! India needs just this 1 thing to have China-like economic growth

Forget GDP! India needs just this 1 thing to have China-like economic growth

India needs to imagine what its economy would look like. India needs to imagine what its cities would look like, said an influential economist. For India to have an economic growth like China, it needs to focus on just one thing and that is infrastructure,

Read more

From RInfra to L&T, bidders for Maharashtra expressway shortlisted

From RInfra to L&T, bidders for Maharashtra expressway shortlisted

Maharashtra State Road Development Corporation (MSRDC) on Thursday announced 13 companies as lowest bidders for the construction of Nagpur-Mumbai Maharashtra Samruddhi Mahamarg (MSM) expressway for a total value of Rs 470 billion.

Read more

YESTERDAY'S HEADLINES

https://goo.gl/KNiHmx

Warm Regards,

Team EnergyInfraPost.com
Twitter:@energyinfrapos1
www.energyinfrapost.com
Contact Us: energyinfrapost@gmail.com
And anupama.airy@gmail.com
(Or Call Us At 9810661825)

2016 EnergyInfraPost.com | Contact Us 
B 306, First Floor, Saraswati Vihar, Pitampura, New Delhi