GOOD EVENING INDIA

October 16, 2018, Tuesday

Your Evening News Updates From Across The Media Space

Aluminium industry seeks immediate coal supplies to power up plants

Aluminium industry seeks immediate coal supplies to power up plants

The aluminium industry has sought immediate resumption of coal supplies to sustain the industry’s operations that has been crippled by inadequate power availability. In a letter to the coal ministry, aluminium producers with captive power units

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Would like to invest in India's hydro power plants, says chief of Russia's sovereign wealth fund

Would like to invest in India's hydro power plants, says chief of Russia's sovereign wealth fund

Bullish on the Indian economy, Russia's sovereign wealth fund RDIF plans to invest in the country's infrastructure and technology sectors, according to a senior official.

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Tata Power bags 2 awards at the ‘7th ACEF Asian Leadership Awards

Tata Power bags 2 awards at the ‘7th ACEF Asian Leadership Awards

Tata Power, India’s largest integrated power utility, won two awards at the ‘7th ACEF Asian Leadership Awards’ for its impactful work in the areas of Environmental conservation and public sanitation, according to official sources here today.

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Rising electricity demand in India leading to costlier coal imports: ICRA

Rising electricity demand in India leading to costlier coal imports: ICRA

The recent energy demand uptick in India has boosted off-take from the power generators but has also resulted in higher dependence on costlier coal imports as the coal supply from domestic sources was insufficient, research and ratings agency ICRA said in a report.

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BHEL bags Rs 2,900 cr orders from NTPC for emission control equipment

BHEL bags Rs 2,900 cr orders from NTPC for emission control equipment

Bharat Heavy Electricals Ltd (BHEL), the country’s largest power equipment manufacturer, today announced it has bagged four order worth Rs 2,900 crore from state-run power generator NTPC Ltd for supplying emission control equipment.

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Decrease in Cost of Solar by 50% can Increase Solar Penetration by 8 Times: NITI Aayog

Decrease in Cost of Solar by 50% can Increase Solar Penetration by 8 Times: NITI Aayog

Solar penetration in India is highly cost sensitive, says a recent working paper released by the National Institute of Transforming India (NITI) Aayog. The study is based on India’s energy and emissions outlook.

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The End of Coal Could Be Closer Than It Looks

The End of Coal Could Be Closer Than It Looks

The world’s electrical utilities need to reduce coal consumption by at least 60 percent over the two decades through 2030 to avoid the worst effects of climate change that could occur with more than 1.5 degrees Celsius

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DISCOMs Should Purchase Power from Renewable Projects under REC at ₹2.67/kWh

DISCOMs Should Purchase Power from Renewable Projects under REC at ₹2.67/kWh

The Rajasthan Electricity Regulatory Commission (RERC) has released a staff paper on projects registered under renewable energy certificate (REC) mechanism in the state.

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India can set up 20 Gigafactories for energy storage: Amitabh Kant

India can set up 20 Gigafactories for energy storage: Amitabh Kant

In a public speech on Monday, Niti Aayog Chief Executive Officer (CEO) Amitabh Kant shared a perspective on the future of India’s energy sector and prescribed a few radical reforms for the country to leapfrog to a 9-10 per cent growth rate. Edited excerpts..

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Dividend cut from oil firms unlikely; disinvestment target to be met: Finance ministry

Dividend cut from oil firms unlikely; disinvestment target to be met: Finance ministry

The finance ministry on Tuesday said it does not expect a cut in dividend from oil marketing companies despite these retailers absorbing Rs 1 per litre from last week. Economic Affairs Secretary in a tweet said there is no plan for reduction in subsidy and disinvestment target will also be met.

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Natural gas here to stay beyond energy transition, Big Oil says

Natural gas here to stay beyond energy transition, Big Oil says

Energy companies are betting demand for natural gas will rise at break-neck pace for decades, undermining warnings that tackling climate change would require a rapid switch to renewable energy.

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IEA urges Opec to boost output as high oil prices threaten global economy

IEA urges Opec to boost output as high oil prices threaten global economy

The International Energy Agency made a direct appeal to Opec and other major oil producers to boost output, warning that prices are inflicting damage on the global economy.

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Global Growth at Risk From $100 Oil Next Year, BofAML Says

Global Growth at Risk From $100 Oil Next Year, BofAML Says

If oil prices head above $100 a barrel, it could shave 0.2 percentage points from global economic growth next year -- but this hinges crucially on the dollar, according to Bank of America Merrill Lynch.

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Oil companies ask for additional Rs 12,000 crore LPG, kerosene subsidy

Oil companies ask for additional Rs 12,000 crore LPG, kerosene subsidy

Oil companies have asked for an additional Rs 12,000 crore liquefied petroleum gas (LPG), kerosene subsidy, sources told CNBC-TV18. The current demand by the oil companies in terms of additional compensation comes as the prices of the subsidised LPG cylinders have gone up quite a bit.

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Fuel prices continue to climb again on Tuesday

Fuel prices continue to climb again on Tuesday

Fuel prices across the country were hiked again on Tuesday, partly wiping away the gains accrued by consumers due to tax cut implemented by the centre and state governments.

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Troubled by rising LPG prices? You can reclaim the subsidy now

Troubled by rising LPG prices? You can reclaim the subsidy now

About two crore consumers who had given up cooking gas subsidy or never received one can get the benefit by asking their gas agency at a time when rapidly rising crude oil price is making the kitchen fuel expensive, oil company executives said. Rocketing oil prices have pushed up the domestic rate 

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No official letter or directive from centre to cut prices: HPCL

No official letter or directive from centre to cut prices: HPCL

There has been no official communication from the centre to regulate petrol and diesel prices according to officials from Public Sector Oil Marketing Companies. Speaking at the sidelines of The Energy Forum

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Rajyarani Express to become independent train this month

Rajyarani Express to become independent train this month

Nilambur Amritha Rajyarani Express train would be converted to an independent train-'Rajya Rani Express'- within one month. P V Abul Wahab MP said on Tuesday that the chairman of railway board,

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Key railway meet reviews performance

Key railway meet reviews performance

The top brassof the South Central Railway (SCR) pressed for punctuality of trains and achieving loading targets during a review meeting on Monday. SCR general manager Vinod Kumar Yadav also stressed the need for strong coordination between

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US keen to invest in India's infra, port, solar sector developing: OPIC

US keen to invest in India's infra, port, solar sector developing: OPIC

The US government's development finance institution OPIC is keen to invest in the development of India's infrastructure, port and solar energy sectors, a top US official said Tuesday.

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Railway Employees Likely To Get Around 18,000 Rupees As Bonus Before Dussehra

Railway Employees Likely To Get Around 18,000 Rupees As Bonus Before Dussehra

Ahead of the festive season, railway employees are likely to get 78-day wages as bonus this year, the same as in the last six years. The Railway Board has proposed 78-day wages as productivity-linked bonus (PLB)

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Railways to withdraw 'transfemale' and 'transmale' options from reservation forms

Railways to withdraw 'transfemale' and 'transmale' options from reservation forms

Railways has rolled back its decision to identify transgender passengers as transfemale and transmale in the reservation forms. Going forward, the reservation forms will only have the option of ‘T’ to identify transgender people.

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Indian Railways Rishikesh-Karnprayag Rail Project On Fast-Track

Indian Railways Rishikesh-Karnprayag Rail Project On Fast-Track

Work for Indian Railways Rishikesh- Karnprayag project in full swing! Addressing the gathering of the investors during the Destination Uttarakhand Investors Summit-2018, Railway Minister Piyush Goyal

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Water Metro gears up for final nod

Water Metro gears up for final nod

As Kochi Metro Rail Ltd (KMRL) goes ahead with its plans to execute the Water Metro project, general manager Shaji P Janardanan informed that the approval process is in its last phase. KMRL’s integratedwater transport

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YESTERDAY'S HEADLINES

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