GOOD MORNING INDIA

December 14, 2018, Friday

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

Be Proactive On Stressed Power Assets: HC To Government

Be Proactive On Stressed Power Assets: HC To Government

The Allahabad High Court has firmly told the government to consider issuing a directive to Reserve Bank of India against the February 12 circular on how lenders should deal with stressed assets, instead of taking an ambivalent or non-committal stand on the matter.

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Adani Loses Case In Singapore, Goes To Bombay High Court To Stall DRI Probe Into It

Adani Loses Case In Singapore, Goes To Bombay High Court To Stall DRI Probe Into It

Adani Enterprises Ltd (AEL), the flagship firm of the Adani Group, has moved Bombay High Court seeking to quash all Letters Rogatory (LRs) issued by the Directorate of Revenue Intelligence (DRI) to other countries against a few Adani Group firms that are being probed in connection with alleged overvaluation of Indonesian coal imports.

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New power sector NPAs: Government, banks have only one option public sector AMC/ARC

New power sector NPAs: Government, banks have only one option public sector AMC/ARC

Sour loans of over $51 billion (Rs 1.74 trillion) to the power sector are likely to go to the insolvency courts after the Allahabad High Court ruling and government may be forced to float an asset econstruction/management company (ARC/AMC)

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Govt, EESL, World Bank sign $300 million pact to boost energy efficiency programme

Govt, EESL, World Bank sign $300 million pact to boost energy efficiency programme

The government, World Bank and state-owned EESL today inked a $220million loan agreement and a $80 million guarantee pact to push energy efficiency programme in India. To be implemented by EESL

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Coal imports may rise to 62 mt in FY19 to meet power demand: India Ratings

Coal imports may rise to 62 mt in FY19 to meet power demand: India Ratings

Higher demand for thermal power and lower-than-required growth in domestic coal output may push up coal imports to 62 million tonne this fiscal, says India Ratings.

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MCFL gets green nod for Rs 1,547-cr expansion project in Karnataka

MCFL gets green nod for Rs 1,547-cr expansion project in Karnataka

Mangalore Chemicals and Fertilizers (MCFL) has received green clearance for Rs 1,547-crore expansion-cum-modernisation of its fertiliser plants in Karnataka, a senior government official said today

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MP's RESCO tender attracts over 31 bidders for 35 MW solar rooftop

MP's RESCO tender attracts over 31 bidders for 35 MW solar rooftop

A tender floated by Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL) for 35 MW of solar rooftop power attracted 31 bidders, and received the country's lowest tariff quote of Rs 1.58 per unit.

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UDAY has to be implemented in letter and spirit for the good of power sector, says former coal secretary

UDAY has to be implemented in letter and spirit for the good of power sector, says former coal secretary

The government should implement Ujwal DISCOM Assurance Yojana (UDAY) in letter and spirit for the good of power sector, said Anil Swarup, former secretary, Ministry of Coal.

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Centre weighs options for relief to power sector on NPAs: Official

Centre weighs options for relief to power sector on NPAs: Official

The government is considering its options in the wake of the Allahabad High Court's refusal to entertain the power producers' petition challenging the RBI deadline for starting bankruptcy proceedings against banks' NPAs, or bad loan accounts, a senior official said on Tuesday.

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ReNew Power successfully commissions 126 MW of the first reverse wind auction in India

ReNew Power successfully commissions 126 MW of the first reverse wind auction in India

ReNew Power Limited, India’s largest renewable energy IPP in terms of total energy generation capacity*, today announced the successful commissioning of Phase 1 (126 MW) of its 250 MW wind project located in Kutch district of Gujarat.

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World Bank to Lend $250 Million to Improve Rajasthan's Power Sector

World Bank to Lend $250 Million to Improve Rajasthan's Power Sector

India on Tuesday signed a $250 million Development Policy Loan (DPL) to improve the performance of Rajasthan’s electricity distribution sector under the states “24×7 Power for All” programme.

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Oil Exploration To Expand In Rajasthan’s Thar

Oil Exploration To Expand In Rajasthan’s Thar

Rajasthan is soon going to witness oil and gas exploration activities in new areas of Barmer and Jaisalmer.

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Tenth round of bidding for CGD licences soon: PNGRB

Tenth round of bidding for CGD licences soon: PNGRB

Close on the heels of awarding 86 geographical areas (GAs) under the 9th round of city gas distribution (CGD) licensing, the Petroleum and Natural Gas Regulatory Board (PNGRB) is preparing to launch the 10th round as well.

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Nepal, India discuss oil and gas co-operation

Nepal, India discuss oil and gas co-operation

Nepal and India on Tuesday held a meeting on a range of bilateral trade related issues including oil and gas co-operation between the two countries. Visiting Minister Commerce, Industries and Supplies Matrika Prasad Yadav

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NCLT hearing today: NOCL continues to look for lifeline

NCLT hearing today: NOCL continues to look for lifeline

The beleaguered Nagarjuna Oil refinery project at Cuddalore continues to look for a lifeline, even as the NCLT Chennai Bench takes up its hearing on Tuesday, August 28. This could be the last opportunity to save NOCL from liquidation.

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India to overtake China as world’s largest oil demand growth centre by 2024: Wood Mackenzie

India to overtake China as world’s largest oil demand growth centre by 2024: Wood Mackenzie

India will overtake China to become the world’s largest oil demand growth centre by 2024, Wood Mackenzie, global energy consultancy said in a report.

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Amid sanctions, India’s crude oil imports from Iran jump 41 per cent in July

Amid sanctions, India’s crude oil imports from Iran jump 41 per cent in July

India’s crude oil imports from Iran jumped a whopping 41 per cent to 3.1 million tonne last month. India is among the largest importers of Iranian oil and the jump in imports comes amid increasing US pressure on Iran’s oil customers to cut purchases.

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GAIL India's online gas portal to boost transparency

GAIL India's online gas portal to boost transparency

The launch of an online portal by GAIL (India), allowing third-party access to its natural gas pipeline network, would ensure transparency and permit companies to understand the infrastructure further, analysts said on Tuesday.

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Indian Railways upgrading your Rajdhani, Shatabdi Express train journey like never before!

Indian Railways upgrading your Rajdhani, Shatabdi Express train journey like never before!

A journey in Indian Railways Rajdhani and Shatabdi Express trains is always said to be a better experience compared to other AC trains given in the premium standard that the national transporter aims to maintain.

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Rail Factory Manufactures First Smart Coach With Fire Alarm, GPS System

Rail Factory Manufactures First Smart Coach With Fire Alarm, GPS System

Raibarely’s Modern Coach Factory (MCF) has built the railway’s first “smart coach” with advanced disc brake, fire detection, alarm and GPS-based tracking systems.

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Tiff Between Indian Railways, Maharashtra Government Deepens Over Bullet Train

Tiff Between Indian Railways, Maharashtra Government Deepens Over Bullet Train

An argument ensued yet again between the Indian Railways and the Maharashtra government with regards to the country's first Bullet train project on the Mumbai-Ahmedabad corridor.

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Railways Floats Tender For Supply Of Around 89,000 CCTVs For All Stations

Railways Floats Tender For Supply Of Around 89,000 CCTVs For All Stations

The railways have floated a tender for its much-awaited surveillance system under which CCTV cameras would be installed in all its stations and coaches. The notice for the tender was uploaded on the website of the railway's telecom arm, RailTel, on August 22.

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Indian Railway, Shipping ministries sign pact for Rs 9000-cr Indore-Manmad rail project

Indian Railway, Shipping ministries sign pact for Rs 9000-cr Indore-Manmad rail project

The shipping and railway ministries along with Madhya Pradesh and Maharashtra governments today entered into a pact to implement around Rs 9,000 crore Indore-Manmad rail project.

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6000 railway stations will be WiFi-enabled in next 6 months: Minister Piyush Goyal

6000 railway stations will be WiFi-enabled in next 6 months: Minister Piyush Goyal

Around 6,000 railway stations will be WiFi-enabled in the next six-eight months, Minister of Railways Piyush Goyal said today. Speaking at the 'Smart Railways Conclave' organised by Federation of Indian Chambers of Commerce and Industry (FICCI) here

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Indian Railways to launch world’s ultra modern, smart coach, see pics

Indian Railways to launch world’s ultra modern, smart coach, see pics

Indian Railways has started to manufacture smart coach at its Rae Bareily Modern coach factory. Railways' new smart coaches will be equipped with black boxes and coach information and diagnostics systems.

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