GOOD EVENING INDIA

October 16, 2018, Tuesday

Your Evening News Updates From Across The Media Space

We are open to buying good assets under project Sashakt, says NTPC

We are open to buying good assets under project Sashakt, says NTPC

As the Union government intervenes to pump life into stressed power projects, NTPC is looking forward to being a part of the larger solution, chairman and managing director Gurdeep Singh tells Ateeq Shaikh.

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Spot Power Price Declines by 7% to ₹3.46/kWh in July but Still Higher than Solar Tariffs

Spot Power Price Declines by 7% to ₹3.46/kWh in July but Still Higher than Solar Tariffs

The spot power price has continued its slump into yet another month. In July 2018, the recorded spot power price was ₹3.46 (~$0.0505)/kWh but was still higher than recent tariffs quoted in solar auctions. The price in July was seven percent lower than the spot power price of ₹3.73 (~$0.054)/kWh recorded in June 2018.

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Solar Industries: Firing on all cylinders

Solar Industries: Firing on all cylinders

Solar Industries clocked close to 32 percent growth in sales during the quarter ended June 2018, even in a slightly dull environment, thanks to its timely diversification.

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Discom plans Rs1.25/unit levy on rooftop solar prosumers

Discom plans Rs1.25/unit levy on rooftop solar prosumers

Going against the policy of state government to promote solar power, MSEDCL has proposed to levy a surcharge of Rs1.25 per unit on solar rooftop prosumers. Prosumer is a person who produces and consumes a product.

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Power demand rises, Punjab may fire up units at Ropar plant

Power demand rises, Punjab may fire up units at Ropar plant

The Punjab government has decided to restart operations at two thermal units of Ropar power plant to meet the state’s rising demand.

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Trump tariff fallout: India becomes steel dumping ground; imports from China jump 67%, Japan 47% and Korea 35%

Trump tariff fallout: India becomes steel dumping ground; imports from China jump 67%, Japan 47% and Korea 35%

India seems to have turned a favourite dumping ground for steel makers from not just China but also Japan and South Korea, which are diverting supplies from the US and the European Union in massive volumes to beat the impact of a global tariff war initiated by the Trump administration.

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ZunRoof launches app to provide one-stop solar solution

ZunRoof launches app to provide one-stop solar solution

Solar rooftop company ZunRoof has launched an app to provide one-stop solutions to its users, seeking to harness technology to better serve customers.

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Opinion | The case for power discom privatization

Opinion | The case for power discom privatization

Distribution serves the most vital function in India’s power supply chain, yet it is also possibly the weakest link. State discoms continue to make losses despite multiple bailouts. While the government’s Ujjwal Discom Assurance Yojana (UDAY) scheme seeks to reduce discom losses, there is hardly any impact on their financial status.

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Government may ask RBI to relax resolution plan deadline for power firms

Government may ask RBI to relax resolution plan deadline for power firms

The government may approach the Reserve Bank of India to extend the deadline for management switchover of stressed power plants in the case of projects for which lenders have identified new promoters, an official said.

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High operating profit to help ONGC cut borrowings, says Moody's

High operating profit to help ONGC cut borrowings, says Moody's

Oil and Natural Gas Corp's (ONGC) highest ever pre-tax quarterly profit (EBITDA) provides cash flow to the state-owned firm to reduce borrowings, Moody's Investors Service said today.

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ONGC board approves stake sale in Pawan Hans

ONGC board approves stake sale in Pawan Hans

The board of ONGC has, for the second time in just over a month, approved selling its entire 49 per cent stake in helicopter service provider Pawan Hans alongside government's privatisation bid, officials with direct knowledge of the development said.

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Taiwan's $6.6 bn petrochem plan hits IOCL's feedstock constraints

Taiwan's $6.6 bn petrochem plan hits IOCL's feedstock constraints

A massive investment plan of $6.6 billion (or Rs 430 billion) by Taiwan’s state-owned petroleum & natural gas company, CPC Corporation, in the country’s eastern coast at Paradip has bumped into a hurdle at the stage of project conception.

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Oil gains after monthly Saudi output shows surprise drop

Oil gains after monthly Saudi output shows surprise drop

Oil rose on Monday after Saudi crude production registered an unexpected decline in July and US drilling appeared to slow, although the price is still almost 10 per cent below its 2018 high of more than $80 a barrel.

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India’s crude oil production to grow by a mere 1 million tonne through 2022 - Oil ministry

India’s crude oil production to grow by a mere 1 million tonne through 2022 - Oil ministry

ETEnergyWorld reported that India’s crude oil production is expected to increase by a marginal 1 million tonne over the next 4 years through 2022, the oil ministry has said. This is despite Prime Minister Mr Narendra Modi’s call for reducing the country’s crude oil imports by 10 per cent by 2021-22.

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Soon, northern districts to get city gas projects

Soon, northern districts to get city gas projects

Petroleum and natural gas regulatory board (PNGRB) awarded the city gas projects in Kasaragod, Kannur and Mahe to IOC-Adani Gas Pvt Ltd (IOAGPL) on Friday. Also, PNGRB is expected to officially sanction projects in Wayanad, Kozhikode, Malappuram, Palakkad and Thrissur over the next couple of days.

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Concerns about surge in oil prices are overdone: Jim Walker, Asianomics

Concerns about surge in oil prices are overdone: Jim Walker, Asianomics

We are still really in a state of not knowing exactly what is going to happen given that the President of the United States keeps changing his mind about everything.

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Petrol, Diesel Rates Soar In Metros For Fifth Straight Day

Petrol, Diesel Rates Soar In Metros For Fifth Straight Day

There is no respite from the soaring petrol and diesel prices. For the fifth straight day, oil-marketing companies raised the petrol and diesel rates on Monday. Petrol and diesel prices have been rising since August 2.

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After MoD nod, three infra projects to begin in a week

After MoD nod, three infra projects to begin in a week

Now that Raksha Mantri Nirmala Sitharaman has given the go-ahead for a land swap deal with the Bruhat Bengaluru Mahanagara Palike(BBMP), three projects may take off within a week, igniting hope for smoother traffic at the junctions soon.

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Railways gives upto 100% discount to students. Here are concessions given to other passengers

Railways gives upto 100% discount to students. Here are concessions given to other passengers

Students, senior citizens, doctors, patients and some other passengers can save money on train tickets as Indian Railways offers a concession to a select category of people.

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L&T's construction arm bags orders worth Rs 1,296 crore

L&T's construction arm bags orders worth Rs 1,296 crore

Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 1,296 crore across business segments in the domestic market. L&T said its metallurgical and material handling business has received orders worth Rs 808 crore.

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Dispute over GST: Country’s first ‘green bus’ project runs into rough weather

Dispute over GST: Country’s first ‘green bus’ project runs into rough weather

The first “green bus” project in the country, started at the instance of Union Transport Minister Nitin Gadkari here on December 6, 2016, has run into rough weather with a GST dispute arising between the operator, Scania India, and the Nagpur Municipal Corporation (NMC).

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Transport strike: Buses, metro, auto services likely to hit on Aug 7

Transport strike: Buses, metro, auto services likely to hit on Aug 7

The nationwide transport strike called by the trade unions and small business units on August 7 may virtually paralyse normal life across the country.

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