GOOD MORNING INDIA

December 17, 2018, Monday

Your Morning Newsletter In Energy And Infrastructure From Across The Media Space  

Greenko Issues

$1-billion Greenko-orange Deal Faces Strong Headwinds

The $1-billion deal involving Greenko’s acquisition of the wind and solar energy assets of Orange Renewables has hit a roadblock and could be shelved, sources familiar with the development said.

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Govt Turns To Power Sector To Meet Divestment Target: Report

Govt Turns To Power Sector To Meet Divestment Target: Report

The government is eyeing the power sector to buy out its stake in companies and meet its divestment target, The Times of India reports.

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South Delhi Municipal Corporation To Set Up Solar Farms And Drains To Generate Clean Energy

South Delhi Municipal Corporation To Set Up Solar Farms And Drains To Generate Clean Energy

The South Delhi Municipal Corporation has announced an ambitious plan to set up “solar drains” and “solar farms”, besides covering municipal buildings with panels generating clean power.

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Fotowatio Renewable Ventures Looks To Exit Solar Project In India

Fotowatio Renewable Ventures Looks To Exit Solar Project In India

Fotowatio Renewable Ventures (FRV), owned by Abdul Latif Jameel Energy and Environmental Services, plans to exit its only investment in the Indian solar power space, said two people aware of the development.

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RBI Stands Firm: ‘power Sector Has Chronic Defaulters’

RBI Stands Firm: ‘power Sector Has Chronic Defaulters’

In a stern rebuttal of the power ministry’s contention that only “external factors” are to be blamed primarily for the high incidence of stress in the power sector

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Tata Power

Tata Power Delhi Distribution Installs 1.35 Lakh Power-efficient LED Lights On Delhi Streets

Tata Power Delhi Distribution (Tata Power-DDL) is making Delhi streets brighter by replacing the existing High Pressure Sodium Vapour (HPSV) lamps and Semi –High Mast Light (SHML) with brighter and energy efficient LED lights.

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Bajaj Group Plans ₹ 3,000 Crore IPO Of Power Generation Business

Bajaj Group Plans ₹ 3,000 Crore IPO Of Power Generation Business

Bajaj Group plans to raise about ₹ 3,000 crore through an initial public offering (IPO) of its power generation business, said two people aware of the plans.

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Allahabad High Court To Continue Hearing On RBI Circular On Power Companies Tomorrow

Allahabad High Court To Continue Hearing On RBI Circular On Power Companies Tomorrow

The Allahabad high court will continue on Tuesday hearing of the case filed against Reserve Bank of India circular by power companies .

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Share Of Imported Non-coking Coal Consumption To Fall To 13.4% In FY23: Crisil

Share Of Imported Non-coking Coal Consumption To Fall To 13.4% In FY23: Crisil

Share of imports in non-coking coal consumption is expected to fall to 13.4 per cent in the financial year (FY) 2023 from 19.6 per cent in 2017-18, said a report released on Monday.

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Indian Court Says Committee To Decide Fate Of Shut Vedanta Copper Smelter

Indian Court Says Committee To Decide Fate Of Shut Vedanta Copper Smelter

India's environment court said on Monday an independent judicial committee will decide in about six weeks whether to allow Vedanta Ltd to reopen its copper smelter, which was shut by the southern state of Tamil Nadu on environmental grounds.

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US Offers 11 Million Barrels Of Oil For Sale From Strategic Reserve

US Offers 11 Million Barrels Of Oil For Sale From Strategic Reserve

The US Department of Energy (DOE) is offering 11 million barrels of crude for sale from the nation's Strategic Petroleum Reserve (SPR) ahead of sanctions on Iran that are expected to reduce global supplies of crude.

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China Defies U.S. Pressure On Iranian Oil Amid Trade War With Washington

China Defies U.S. Pressure On Iranian Oil Amid Trade War With Washington

China, seeking to skirt U.S. sanctions, will use oil tankers from Iran for its purchases of that country’s crude, throwing Tehran a lifeline while European companies such as France’s Total are walking away due to fear of reprisals from Washington.

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Biofuels Policy: Industry Voices Concern Over Lack Of Transparency In Tech, Funding

Biofuels Policy: Industry Voices Concern Over Lack Of Transparency In Tech, Funding

Less than three months of the Union Cabinet approving the National Policy on Biofuels – 2018, questions are being raised on the lack of transparency in adopting the policy both in terms of technology and funding.

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Iran Oil Minister: French Oil Giant Total Pulls Out Of Iran

Iran Oil Minister: French Oil Giant Total Pulls Out Of Iran

Iran’s oil minister said on Monday that France’s oil giant Total SA has officially pulled out of Iran after cancelling its $5 billion, 20-year agreement to develop the country’s massive South Pars offshore natural gas field over renewed U.S. sanctions.

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Railway Board: Long Distance Trains On Western Railway On Time In Comparison To Same On Central Railway

Railway Board: Long Distance Trains On Western Railway On Time In Comparison To Same On Central Railway

Mumbaikars using the long distance Mail and Express trains on the Western Railway (WR) arrive or depart more on time as compared to Central Railway (CR).

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In A First, Indian Railways Takes This Big Step

In A First, Indian Railways Takes This Big Step

The Indian Railways for the first time will allow third party audits of its bridges, a month after one of its road over bridges collapsed in Andheri in Mumbai injuring five, two of whom died later, a senior official of the ministry said.

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Tejas Timetable Out, But It’s Not Final

Tejas Timetable Out, But It’s Not Final

Though the Indian Railways has declared its new timetable for the Chandigarh-Delhi Tejas Express, officials said it is not final and may change again.

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HC: Passengers De-boarding Moving Train Can’t Get Relief

HC: Passengers De-boarding Moving Train Can’t Get Relief

The Punjab and Haryana High Court has ruled that the Railways cannot be burdened with compensation for negligent acts of passengers who suffer injuries while getting off a moving train.

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Kerala: Railways Takes 25,000 Migrant Labourers Back To Home States

Kerala: Railways Takes 25,000 Migrant Labourers Back To Home States

Responding to cries for help to rescue scores of migrant labourers stranded in flood-ravaged Kerala, the Centre has undertaken a special evacuation plan by trains over the weekend, taking an estimated 25,000 labourers to their home states.

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South Central Railway Sends Flood Relief Material To Kerala

South Central Railway Sends Flood Relief Material To Kerala

In a humanitarian gesture, the South Central Railway (SCR) stood by the flood affected people of Kerala and sending relief material to that state.

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