GOOD MORNING INDIA

November 14, 2018, Wednesday

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

Nine coal blocks identified for sale to priv companies, nine for state entities

Nine coal blocks identified for sale to priv companies, nine for state entities

The central government has identified nine coal blocks with total reserves of around 2 billion tonnes that may be auctioned to private players. It has also identified another set of nine blocks with total reserves of 1.1 billion tonnes for allotment to state-owned entities.

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IL&FS to start sale of road, power assets after 31 Oct

IL&FS to start sale of road, power assets after 31 Oct

The government-appointed board of directors of Infrastructure Leasing & Financial Services Ltd (IL&FS) board will update the National Company Law Tribunal (NCLT) on 31 October about the revival plan, after which it will seek consent from lenders and shareholders.

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Stop foreign coal at ports: EPCA

Stop foreign coal at ports: EPCA

The Supreme Court mandated body, Environment Pollution (Prevention and Control) Authority (EPCA), has asked Coal India and other government bodies to curb the entry of coal into Delhi at the port level, which is the entry point for imported coal.

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First Solar cuts 2018 earnings and sales outlook, shares slide

First Solar cuts 2018 earnings and sales outlook, shares slide

First Solar Inc lowered its earnings and sales forecasts for the year on Thursday, citing lower-than-expected sales of solar panels, higher costs to ramp up manufacturing and the shift of a project sale into next year.

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Opinion | The many dangers from coal shortages

Opinion | The many dangers from coal shortages

Here’s a new danger to the current account deficit (CAD) — increasing coal imports. Thermal coal imports in the September quarter rose 35 percent over a year ago to 42.7 million tonnes, the fastest pace in three and a half years.

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Delhi will use less coal power this winter

Delhi will use less coal power this winter

After the closure of the polluting Badarpur power plant due to environmental concerns, the Delhi government is looking to cut down on more coal-based electricity to combat air pollution this winter.

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Low tariffs test plans on nuclear power

Low tariffs test plans on nuclear power

India’s plans to triple its nuclear power capacity from the current 6,780MW to 22,480MW by 2031 will face challenges from falling renewable energy tariffs and high funding requirements, nuclear energy executives said on Thursday.

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Coal stock slips to an all-time low of 30 million tonnes as demand rises

Coal stock slips to an all-time low of 30 million tonnes as demand rises

As states gear up for elections and several others rush to meet the Centre’s electrification deadline, power demand is touching a new record every day. Meanwhile, failing to catch up, coal supply has dipped to a record low.

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Captive coal miners allowed to sell 25% output in open market

Captive coal miners allowed to sell 25% output in open market

The government has allowed captive coal block owners to sell 25% of their production in open market and provided some flexibility in coal output as it kick-started a fresh round of captive coal auctions on Thursday after a gap of about 15 months.

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Power plants: Supreme Court to hear Gujarat government plea on PPA amendment on October 29

Power plants: Supreme Court to hear Gujarat government plea on PPA amendment on October 29

The Supreme Court will hear the Gujarat government’s petition seeking the apex court’s opinion regarding amendment of power purchase agreements (PPAs) in the three imported coal-based power plants of Adani Power, Tata Power and Essar Power in Gujarat, on October 29

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Long way to go for India to fulfil renewable energy targets: Expert

Long way to go for India to fulfil renewable energy targets: Expert

India still has a long way to go to realize its renewable energy goals, said Joerg Gaebler, principal advisor of Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), an agency which works with the government of Germany for sustainable development.

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Odisha Govt Clears Hindalco's Rs 5,000 Crore Investment Proposal

Odisha Govt Clears Hindalco's Rs 5,000 Crore Investment Proposal

The Odisha government on Thursday cleared a big ticket project proposal of Hindalco Industries Ltd worth Rs 5,000 crore.

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Essar Steel Seeks Withdrawal From IBC Process, Offers Rs 54,389 Cr To All Creditors

Essar Steel Seeks Withdrawal From IBC Process, Offers Rs 54,389 Cr To All Creditors

In a surprise move, the Ruias, promoters of Essar Steel, have put in an agressive Rs 54,000 crore offer to repay the company's entire debt and wrest back control of their flagship asset.

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The Auction Process For Debt Ridden Bhushan Power Has Been Compromised: Tata Steel

The Auction Process For Debt Ridden Bhushan Power Has Been Compromised: Tata Steel

The auction process for debt ridden Bhushan Power has been compromised, Tata Steel said on Thursday, making its first public comment on the bidding race where it was overtaken by JSW Steel even after being declared as the highest bidder by the company's Committee of Creditors.

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Government to rank oil and gas fields to boost output, promote Competition

Government to rank oil and gas fields to boost output, promote Competition

The Directorate General of Hydrocarbons (DGH) has begun ranking the country’s oil and gas fields in a bid to induce competition among its managers and help boost domestic output stagnant for years now.

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Fuel prices slashed for ninth day; petrol at Rs 80.85 per litre, diesel at Rs 74.73 in Delhi

Fuel prices slashed for ninth day; petrol at Rs 80.85 per litre, diesel at Rs 74.73 in Delhi

For the ninth day in a row, the prices of petrol and diesel saw a decline on Friday bringing the much-needed relief to customers from relentless hikes.

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Centre reviews progress of Northeast Natural Gas Pipeline Grid Project

Centre reviews progress of Northeast Natural Gas Pipeline Grid Project

Taking a step forward towards implementing Prime Minister Narendra Modi’s ambitious Urja Ganga Gas Pipeline Project, Union Petroleum Minister Dharmendra Pradhan on Wednesday night reviewed the progress of North East Natural Gas Pipeline Grid Project, in New Delhi.

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Oil prices fall as focus switches to oversupply

Oil prices fall as focus switches to oversupply

Oil prices eased on Friday and were heading for a third weekly loss after Saudi Arabia's OPEC governor said the market could be heading into oversupply, as growth concerns took a hit with a slump in global equities this week.

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Shipowners Against Move Allowing PSU Oil Firms To Import Crude On CIF/CFR Basis

Shipowners Against Move Allowing PSU Oil Firms To Import Crude On CIF/CFR Basis

The Indian National Shipowners’ Association (INSA) has written to the Prime Minister seeking reversal of a recent decision of the Shipping Ministry to allow PSU oil companies to buy 35 per cent of crude imports on CIF/CFR basis.

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India’s Crude Oil Production Declines 4.19%, Pushes Import Dependence To 83.7% In Sept

India’s Crude Oil Production Declines 4.19%, Pushes Import Dependence To 83.7% In Sept

India’s domestic crude oil production fell 4.19 per cent to 2,797.84 thousand metric tonne (TMT) in September as compared to the corresponding month a year ago, according to the recent oil ministry data.

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Adani Gas To Be Listed In November

Adani Gas To Be Listed In November

Adani Gas Ltd, the gas sourcing and distribution business that was spun off from Adani Enterprises Ltd earlier this year, will be listed on the BSE and NSE in November, according to bankers involved in the process.

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Mumbai-Ahmedabad Bullet Train Land Acquisition To Be Over By December: Piyush Goyal

Mumbai-Ahmedabad Bullet Train Land Acquisition To Be Over By December: Piyush Goyal

Railway minister Piyush Goyal Thursday said land acquisition for the Mumbai-Ahmedabad bullet train corridor would be completed by December this year.

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India, Bangladesh Ink Milestone Pacts For Cargo, Cruise Movements: Shipping Secretary

India, Bangladesh Ink Milestone Pacts For Cargo, Cruise Movements: Shipping Secretary

India and Bangladesh have reached several milestone pacts that include using two ports of the neighbouring nation for goods movement and a pact for cruise movement to give a boost to waterways connectivity, a top official said Thursday.

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Hyderabad Metro Zooms Ahead Again With LB Nagar Station Recording Highest Ever Footfalls

Hyderabad Metro Zooms Ahead Again With LB Nagar Station Recording Highest Ever Footfalls

Hyderabad Metro Rail (HMR) registered its highest footfalls ever in the newly inaugurated LB Nagar station and has overtaken the previous record holder Ameerpet, Metro Rail News has reported.

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Will Indian Railways Start Fencing Tracks Along Crowded Areas To Prevent Accidents?

Will Indian Railways Start Fencing Tracks Along Crowded Areas To Prevent Accidents?

Indian Railways’ train journeys to become safer! Recently, the Government Railway Police pitched for fencing railway tracks along crowded areas in a bid to avoid train accidents

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