GOOD EVENING INDIA

December 11, 2018, Tuesday

Your Evening News Updates From Across The Media Space

India may miss its target to conduct 10 Gw wind auctions in FY19: Ind-Ra

India may miss its target to conduct 10 Gw wind auctions in FY19: Ind-Ra

India might miss its target to conduct 10 Gw capacity wind auctions in the current financial year ending March 2019, credit ratings agency, India Ratings and Research (Ind-Ra) said on Thursday.

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SECI Gives Another Bid Submission Extension for 150 MW of Floating Solar in Uttar Pradesh

SECI Gives Another Bid Submission Extension for 150 MW of Floating Solar in Uttar Pradesh

The Solar Energy Corporation of India (SECI) has yet again extended the bid submission deadline for setting up 150 MW (50 MW x 3) of grid connected floating solar power projects at Rihand Dam (also known as Govind Ballabh Pant Sagar Reservoir)

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JSW Energy no longer interested in Monnet Power, looking for new growth avenues: COO

JSW Energy no longer interested in Monnet Power, looking for new growth avenues: COO

Billionaire Sajjan Jindal’s JSW Energy is no longer interested in acquiring bankrupt Monnet Power, a senior company executive told CNBC-TV18 on Thursday. Monnet Power, which owns and operates coal fired thermal power plant in Odishs

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Captive power units urge PMO to address coal supply issue, seek rate parity

Captive power units urge PMO to address coal supply issue, seek rate parity

Power industry body ICPPA has requested the Prime Minister's Office (PMO) to take steps to address the issue of coal availability and its supply. The Indian Captive Power Producers Association (ICPPA) members include players from key sectors such as steel and aluminium.

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NTPC Wins 160 Mw Solar Capacities In Upneda’s 500 Mw Solar Tender

NTPC Wins 160 Mw Solar Capacities In Upneda’s 500 Mw Solar Tender

NTPC participated in the tender floated by Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) for 500 MW grid connected Solar projects. In the Reverse Auction held today NTPC has won 160 MW of Solar capacities

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Thermal power plant utilization levels perk up but fuel challenges crimp earnings outlook

Thermal power plant utilization levels perk up but fuel challenges crimp earnings outlook

Power generation companies ended the September quarter on a mixed note, with tight fuel supplies and a spike in prices in the spot electricity market. Total generation increased 4.4%, less than the 5.3% rise witnessed in the year-ago quarter.

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Solar and Wind Power Procurement Situation is a Mess

Solar and Wind Power Procurement Situation is a Mess

State-run distribution companies (DISCOMs) and negligent state electricity regulatory commissions (SERCs) are creating an obstacle in the path of India’s solar story, according to a letter written by R. K. Singh, Minister for Power, to Minister of Finance, Arun Jaitley.

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Maharashtra CM tries to delink load shedding from coal crisis

Maharashtra CM tries to delink load shedding from coal crisis

A day after the state power distribution utility termed the ongoing load-shedding as an ‘emergency’ step, chief minister Devendra Fadnavis tried to delink it from coal shortage at thermal plants and termed it as a planned move.

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Demand up, but power sector woes to continue

Demand up, but power sector woes to continue

Power sector woes are expected to continue for some time as coal shortage continues, leading to a dip in the generation. Rising demand for electricity and fall in hydropower production due to a dry spell in certain parts of the country is compounding the problem.

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Fuel price cut: Oil firms suffer Rs 120,000 crore erosion in m-cap in a week

Fuel price cut: Oil firms suffer Rs 120,000 crore erosion in m-cap in a week

The share prices of India’s state-owned oil companies have declined by around 20 per cent on an average since the government announced a reduction in fuel prices on 4 October. Unsurprisingly, the aggregate market capitalisation of the six-largest listed

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Good news in offing for India? OPEC secy-general says will look into crude oil concern in next meet

Good news in offing for India? OPEC secy-general says will look into crude oil concern in next meet

OPEC Secretary-General Mohammad Barkindo Thursday said that India sent a complaint letter to him recently, expressing discomfort over the current market situations.

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Rising fuel, slump of rupee cause for concern:Expert

Rising fuel, slump of rupee cause for concern:Expert

Rising fuel prices and slump of the rupee are among a host of reasons for the 'crisis-like' situation of the Indian economy. This view emerged during an interactive session organised by the Bengal Chamber of Commerce and Industry and The Economic Affairs Committee on "Current Economic Realities" here yesterday.

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Jet Fuel Price Cut By 2.6%; To Cost Less Than Petrol, Diesel

Jet Fuel Price Cut By 2.6%; To Cost Less Than Petrol, Diesel

Jet fuel or ATF prices were Thursday cut by 2.6 per cent following the government decision to lower excise duty on the fuel. Aviation turbine fuel (ATF) is now cheaper than petrol and diesel.

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BPCL refinery to make India less reliant on other countries for crude oil: Pradhan

BPCL refinery to make India less reliant on other countries for crude oil: Pradhan

Union Petroleum Minister Dharmendra Pradhan on Wednesday said that refinery plant under Bharat Petroleum Corporation Limited (BPCL) will make the country less reliant on other for crude oil and will also fulfill Prime Minister Narendra Modi

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More Indian Oil approves investment proposals

More Indian Oil approves investment proposals

The Board of IndianOil at its meeting held on 10th October 2018 has accorded approval for the following: 1. Investment approval for City Gas Distribution projects in 7 Geographical Areas won by IndianOil in gth Round CGD Bidding

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Fuel prices continue to soar: Petrol at Rs 82.36, diesel at Rs 74.62 per litre

Fuel prices continue to soar: Petrol at Rs 82.36, diesel at Rs 74.62 per litre

Fuel prices continued to soar on Tuesday, with petrol and diesel rates being hiked by 10 paise and 27 paise, respectively, in Delhi. After the revision, petrol is being sold at Rs 82.36 per litre, while diesel rates have escalated to Rs 74.62 in the national capital.

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We will take care of countries that will continue to buy oil from Iran after November 4: Trump

We will take care of countries that will continue to buy oil from Iran after November 4: Trump

President Donald Trump said on Wednesday that the US "will take care" of the countries which will continue to import oil from Iran after November 4 deadline when US sanctions on Iranian oil purchases take effect.

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Loss Of An Iconic Identity: Indian Railways To Sacrifice Book Stalls To De-Congest Mumbai Stations

Loss Of An Iconic Identity: Indian Railways To Sacrifice Book Stalls To De-Congest Mumbai Stations

A policy formulated by the railway board to de-congest railway stations could make AH Wheelers book stalls a thing of the past at Mumbai stations. The policy requires all items, including books, snacks and medicines

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Bhopal Metro Rail Project comprising two corridors approved

Bhopal Metro Rail Project comprising two corridors approved

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved implementation of Bhopal Metro Rail Project comprising two corridors of total length 27.87 Km

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19th century Bhavnagar railway station to be renovated at a cost of Rs 8 crore

19th century Bhavnagar railway station to be renovated at a cost of Rs 8 crore

Bhavnagar railway station built by the British in the 19th century is all set to get a facelift. The railway ministry has sanctioned a budget of Rs 8 crore to transform the station completely.

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Railways suspends two officials over New Farakka Express derailment

Railways suspends two officials over New Farakka Express derailment

The Northern Railways on Thursday suspended two officials after an initial probe indicated that wrong signalling led to the derailment of New Delhi-bound New Farakka Express

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GMR Infrastruture subsidiary signs MoU with APGDC

GMR Infrastruture subsidiary signs MoU with APGDC

Kakinada SEZ, a subsidiary of GMR Infrastructure signed a Memorandum of Understanding with Andhra Pradesh Gas Development Corporation (APGDC) to get access to piped domestic natural gas for its upcoming 10,500 acre zone.

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Indian Railways: Ranchi Rajdhani gets Swarna makeover, these images will wow you

Indian Railways: Ranchi Rajdhani gets Swarna makeover, these images will wow you

Project Swarn was started to upgrade the condition of Rajdhani and Shatabdi Express Trains. This initiative is likely to give improved look to the coaches. The objective of Project Swarn is to significantly improve the passenger experience.

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