GOOD EVENING INDIA

July 23, 2018, Monday

Your Evening News Updates From Across The Media Space

Punjab sees 33% surge in power demand over last year

Punjab sees 33% surge in power demand over last year

With the start of paddy transplanting in Punjab, the state has witnessed a 33% increase in the demand for power compared to the previous year.

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Over 5,000 government staffers not paying power bills in Nagpur

Over 5,000 government staffers not paying power bills in Nagpur

Government employees are supposed to be a notch above others as far as civic sense is considered. However, this does not seem to be the case. An SNDL survey has found out that over 5,000 government and civic employees are not paying power bills and some are also pilfering power. A large percentage of these employees are cops.

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Brexit poses risk to international power cables - Norway's grid

Brexit poses risk to international power cables - Norway's grid

Britain's exit from the European Union could leave companies planning to build more power interconnections at the mercy of possible new trading arrangements and potential tariffs, Norway's state-owned grid operator Statnett said.

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Why The World Is Betting High On India’s Renewable Energy Sector

Why The World Is Betting High On India’s Renewable Energy Sector

“Three countries are leading the renewable energy revolution”, said a headline on the World Economic Forum (WEF) website, and hold your breath – the flags of China, US and India follow on a graphic

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India, Cuba Agree To Enhance Cooperation In Biotechnology, Renewable Energy

India, Cuba Agree To Enhance Cooperation In Biotechnology, Renewable Energy

India and Cuba have agreed to enhance cooperation in biotechnology, renewable energy and traditional medicine as President Ram Nath Kovind held wide-ranging talks with his Cuban counterpart Miguel Diaz-Canel to further cement the strong bilateral ties.

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60 companies participate in rooftop solar pre-bid meet in Madhya Pradesh

60 companies participate in rooftop solar pre-bid meet in Madhya Pradesh

Over 60 prospective bidders from across the country attended the second pre-bid meeting here on Friday convened by the Madhya Pradesh government for its 28 mega watt peak (MWp) rooftop solar project, according to a Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL) statement.

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RWE CEO eyes 1.5 bln euros annual investment in green energy

RWE CEO eyes 1.5 bln euros annual investment in green energy

German utility RWE is earmarking 1.5 billion euros ($1.75 billion) a year for investments in green energy following a deal to break up its Innogy unit, its chief executive told a German newspaper.

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Renewable energy seeks demand, investment to survive Trump squeeze

Renewable energy seeks demand, investment to survive Trump squeeze

The wind and solar industries hope demand for carbon-free power from U.S. cities, states and corporations can offset headwinds from President Donald Trump's tax policy and tariffs, developers said this week.

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EXPLAINED: Why power ministry wants to set your AC temp at 24 degree Celsius

EXPLAINED: Why power ministry wants to set your AC temp at 24 degree Celsius

The power ministry has advised companies to regulate default air conditioner (AC) settings to promote energy efficiency in the area which is expected to be a key driver of global electricity demand in the coming decades.

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PM Narendra Modi seeks double-digit GDP growth, raising India's share in world trade

PM Narendra Modi seeks double-digit GDP growth, raising India's share in world trade

Prime Minister Narendra Modi has called for targeting double-digit GDP growth for breaking into the USD 5 trillion economy club and said India's share in world trade has to more than double to 3.4 per cent.

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Fuel price reduction: Petrol is Rs 75.93/litre in Delhi, Rs 83.61/litre in Mumbai today

Fuel price reduction: Petrol is Rs 75.93/litre in Delhi, Rs 83.61/litre in Mumbai today

Fuel prices were slashed yet again by oil firms on Saturday albeit with a small margin. As of today, petrol costs Rs 75.93 per litre and diesel is priced at Rs 67.61 per litre in Delhi.

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Higher OPEC output may spell good news for fuel consumers, ease pressure on govt math

Higher OPEC output may spell good news for fuel consumers, ease pressure on govt math

OPEC’s decision to pump up volumes is expected to ease pressure on fuel prices and government math, giving the NDA dispensation the flexibility to continue with social sector spending into next year’s general elections.

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India, UAE and Saudi Arabia likely to enter into trilateral oil cooperation

India, UAE and Saudi Arabia likely to enter into trilateral oil cooperation

United Arab Emirates (UAE) Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan will undertake first ever six-city India visit next week aiming at creating an energy bridge between Delhi-Abu Dhabi-Riyadh amid impending sanctions on Iran and volatility in global oil prices that has impacted consumers in South Asia’s biggest country.

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RIL-JM Financial to take over Alok Industries as lenders settle for 83% haircut

RIL-JM Financial to take over Alok Industries as lenders settle for 83% haircut

Reliance Industries in partnership with JM Financial ARC is set to take over bankrupt Alok Industries at less than a third of the total loan value, with 72% of the lenders voting in favour of the deal.

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Big Oil eyes U.S. minority groups to build offshore drilling support

Big Oil eyes U.S. minority groups to build offshore drilling support

The largest U.S. oil and gas lobby group is seeking to convince Hispanic and black communities to support the Trump administration's proposed expansion of offshore drilling, arguing it would create high paying jobs, including for storm-displaced Puerto Ricans.

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Why OPEC's new supply deal will add little crude oil to markets

Why OPEC's new supply deal will add little crude oil to markets

The Organization of the Petroleum Exporting Countries agreed in principle on Friday to raise output enough to match a production target it introduced at the beginning of 2017, but which it has undershot ever since.

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Opec reaches deal to raise oil output by 1 million bpd from July

Opec reaches deal to raise oil output by 1 million bpd from July

OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to help reduce the price of crude and avoid a supply shortage.

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Haryana government plans new city larger than Chandigarh next to Gurgaon

Haryana government plans new city larger than Chandigarh next to Gurgaon

The Haryana government is planning a new city next to Gurgaon in the National Capital Region to boost the potential of the region. This new city which will be developed in a public-private partnership (PPP) model is expected to be larger than Chandigarh and will be spread across at least 50,000 hectares.

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More Eco-friendly urinals coming up at Hyderabad Metro stations

More Eco-friendly urinals coming up at Hyderabad Metro stations

With the eco-friendly urinals at Miyapur, Kukatpally, JNTU and Rasoolpura Metro stations becoming a success, the Hyderabad Metro Rail Limited (HMRL) has to install the facility at other stations across Hyderabad.

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Delhi Metro's Mundka-Bahadurgarh Corridor Inauguration: All You Need to Know

Delhi Metro's Mundka-Bahadurgarh Corridor Inauguration: All You Need to Know

Delhi Metro’s 11.2-km-long fully-elevated Mundka-Bahadurgarh corridor is likely to be inaugurated by Prime Minister Narendra Modi on Sunday. The stretch, with seven stations, would be an extension of the existing Green Line (standard-gauge tracks) from Inderlok to Mundka.

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Decided to go for elevated Metro after considering all pros & cons: MMRDA to High Court

Decided to go for elevated Metro after considering all pros & cons: MMRDA to High Court

The MMRDA has told the Bombay High Court that it arrived at a decision to construct the Metro 2B line overground after considering all the aspects, including its pros and cons.

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Mumbai Plastic Ban: Railways Ready With Bottle Crushers And Alert Checkers

Mumbai Plastic Ban: Railways Ready With Bottle Crushers And Alert Checkers

The railways is all set for the ban on single-use plastic and will take action against anyone found using plastic. The Indian Railway Catering and Tourism Corporation (IRCTC) is also working on a scheme to offer R1 to commuters bringing back Rail Neer water bottles to a station stall.

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Train service suspended again in Kashmir

Train service suspended again in Kashmir

Train service was again suspended on Saturday as a precautionary measure in the Kashmir valley, where four militants were killed in an encounter with security forces in Anantnag district.

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Infra consultancy RITES’ IPO subscribed 67 times

Infra consultancy RITES’ IPO subscribed 67 times

The government’s first divestment in the current fiscal — the initial public offer (IPO) for RITES — was a resounding success. The infrastructure consultancy firm, in which the government sold 12% stake to mobilise about Rs 460 crore, was subscribed nearly 67 times.

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Metro train gets longer, hopefully less crowded

Metro train gets longer, hopefully less crowded

In a major relief for passengers travelling in crammed Metro coaches, Bangalore Metro Rail Corporation Limited on Friday rolled out its first six-car train on Friday evening.

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Member (Rolling Stock), Railway Board chairs High Level Carriage Maintenance Group Meeting of Indian Railways

Member (Rolling Stock), Railway Board chairs High Level Carriage Maintenance Group Meeting of Indian Railways

The 17th Carriage Maintenance Group Meeting of Indian Railways commenced today i.e., 22nd June, 2018 at Secunderabad. The two day meeting being held at the highest level nationally is being chaired by Ravindra Gupta, Member (Rolling Stock), Railway Board, New Delhi.

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Indian Railways to raise Rs 25,000 crore through largest-ever divestment exercise

Indian Railways to raise Rs 25,000 crore through largest-ever divestment exercise

Indian Railways is ready to undertake its largest ever divestment exercise as the ministry has set a target of raising at least Rs 25,000 crore through monetisation of its power transmission lines, also known as overhead equipment network.

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