Evening Newsletter From Energyinfrapost.com

GOOD EVENING INDIA

February 21, 2019, Thursday

Your Evening News Updates From Across The Media Space

Coal scam: Court orders framing of additional charge against Naveen Jindal

The court had in April, 2016 ordered framing of charges against Jindal, former MoS for Coal Dasari Narayan Rao (since deceased), former Jharkhand Chief Minister Madhu Koda

All You Need To Know About Insurance For Electric Cars

Increasing pollution levels, enhanced governmental push, increasing awareness and technological advancement has put the focus back on electric cars. In fact, a report by ASSOCHAM and EY predicts that the Indian electric vehicle market will register a double-digit growth in sales volume by 2020

NTPC signs Term Loan of ₹1500 crore with HDFC Bank

NTPC has signed term loan agreement for ₹1500 crore with HDFC Bank Limited on 10th July, 2018. The loan facility is extended at an interest rate linked to 3- months MCLR of the Bank. This loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC.

Approval for rooftop solar power projects on Delhi municipal buildings

South corporation, in its standing committee meeting on Thursday, has approved the project to install 5MW solar rooftop projects on the municipal buildings.

Adani Power plans to raise up to Rs 5,000 crore to fuel business expansion, growth

Adani Power plans to raise up to Rs 5,000 crore through a mix of debt and equity to augment capital to sustain growth and finance its business expansion plans.

NCLAT approval: Bhushan Power lenders can go ahead with resolution process

Lifting its earlier stay order, the National Company Law Appellate Tribunal (NCLAT) on Thursday allowed lenders to Bhushan Power and Steel (BPSL) to go ahead with the resolution process for the bankrupt firm and approve an appropriate resolution plan, and place it before the adjudicating authority (NCLT) to seek its go-ahead.

Latin America's largest solar park turns Mexican desert green

Driving through the endless dunes and cacti of the Chihuahuan desert in northern Mexico, a shimmering blue field suddenly appears on the horizon -- not a mirage, but the largest solar park in Latin America.

Apple Announces $300 Million China Clean Energy Fund

Apple Inc., expanding its environmental efforts, announced a $300 million fund to promote clean energy in China.
The iPhone maker said it’s creating the fund to boost the use of renewable energy in its supply chain, which is primarily spread across regions in China.

Electric vehicle surge poised to test U.K. grid for decades

Electric vehicles numbers in the U.K. are likely to jump so much that balancing power supply and demand will become even harder for decades to come.

Indian retaliatory measure on steel not ‘appropriate’, says USTR

A top official from the US Trade Representative has said the recent retaliatory measure by India against America’s decision to impose import tariff on steel and aluminum was not “appropriate”.

Low coal stocks likely to hit power generation in Haryana

Following the low supply of coal, there has been a dip in its stocks to a critical level at the thermal power plants in Haryana and this may affect the thermal power generation in the state.

Solar capacity additions at a fast pace may add to economic woes

Prime Minister Narendra Modi government’s overzealous approach towards solar power generation and solar module manufacturing appear to be unsustainable.

Petrol Price Crosses Rs 84 Per Litre in Mumbai; Check Fuel Cost in Your City

Petrol prices have been rising since July 5, and today in Mumbai it crossed the Rs 84 per litre mark selling at Rs 84.14 a litre. The price of petrol jumped up by 17 paise from Rs 83.97 on Thursday, according to data put out on the website of Indian Oil Corporation. In other metro cities prices have risen as well with Delhi,

US rejects French request for Iran exemptions

The United States (US) has rejected a French request for waivers for its companies operating in Iran that Paris sought after President Donald Trump imposed sanctions on the Islamic Republic, French Finance Minister Bruno Le Maire told Le Figaro.

More industries to get liquefied natural gas connections soon

More industrial units here are set to switch over to liquefied natural gas (LNG) from conventional fuels or LPG. IOAGPL is nearing completion of distribution network to Cochin Special Economic Zone (CSEZ) in Kakkanad, where 12 industrial units have applied for securing LNG connections.

Iran, Russia sanctions issue to be sorted out soon: Indian ambassador to US

The Indian Ambassador to the United States has exuded confidence that the two major issues of Iranian and Russian sanctions that have become an irritant in the Indo-US relationship would be sorted out soon.

Oil at $250 a barrel? How we could get there, and India's quandary

Earlier this week, most oil market watchers were startled when they came across reports that suggested oil prices could shoot to $250 a barrel. The prediction was made by Artem Avinov, leading analyst with TeleTrade, who was quick to add that it was a possibility and not a probability. But there are other scary forecasts doing the rounds.

Why India is bucking the populist trend by refusing to cut fuel prices

India, the world’s fastest growing oil consumer, is bucking an emerging market trend of populist measures to curb surging oil prices. While governments in Indonesia, Brazil and elsewhere are cutting or freezing prices, India is standing its ground on gasoline and diesel costs even after they rose as much as 16% this year.

HPCL to automate all its pumping stations by December, confirms Hindustan Petroleum Executive Director

With an aim to ensure that right quantity and quality of fuel is dispensed at petrol stations, oil marketing company HPCL would automate all its petrol outlets by December, a top company official said here today.

Iran says will ensure oil supplies to India by offering 'flexible measures'

Iran will do its best to ensure security of oil supply to India by offering “flexible measures” to boost bilateral trade, a statement from Tehran’s embassy in New Delhi said.

Five highways will have installations of LNG stations by next year

Leading oil marketing companies such as Petronet LNG Ltd., Indian Oil Corporation, BPCL and the like have huddled together to put up close to twenty LNG stations on various national highways to provide for LNG fed truck transport movement following instruction from the government