GOOD MORNING INDIA

May 22, 2019, Wednesday

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

SECI increases ceiling price for two tenders to woo developers

SECI increases ceiling price for two tenders to woo developers

Solar Energy Corporation of India (SECI) has raised the ceiling price it had set for two recent innovative tenders by 10 paise per unit of power to induce more developers to bid for the projects after tepid response in previous auctions.

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Coal demand rises! Stock at pitheads hit 5 year low in October

Coal demand rises! Stock at pitheads hit 5 year low in October

Stocks at Coal India mines plunged to a five-year low of 21 million tonne (mt) in October, as a sudden surge in demand for the fuel from the power sector has fast-tracked the dispatches over the last few weeks.

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Nuclear power remains important option to meet challenges of energy demand, climate change: India

Nuclear power remains important option to meet challenges of energy demand, climate change: India

India said nuclear power remains an important option to meet the challenges of increased energy demand, address concerns about climate change and ensure energy supply security.

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India’s Coal Imports Rise 8% Between April And October

India’s Coal Imports Rise 8% Between April And October

India’s coal imports rose 7.9 percent year-on-year to 134.46 million tonnes in the first seven months of the ongoing financial year, according to mjunction services.

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No licence for commercial charging station for EVs, confirms RK Singh

No licence for commercial charging station for EVs, confirms RK Singh

The power ministry would soon bring an electric vehicle (EV) charging infrastructure policy, which will also allow individuals to set up charging station for commercial use to boost e-mobility, said Power and New & Renewable Energy Minister R K Singh Sunday.

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Draft report for UN: India set to meet 2 of its 3 Paris Agreement goals

Draft report for UN: India set to meet 2 of its 3 Paris Agreement goals

India is well on the trajectory to achieve two of its three commitments under the Paris Agreement ahead of the 2030 deadline, the government is set to inform the global community by December. This assessment forms part of a report

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ADB to grant EESL $13 mn for energy efficiency revolving fund

ADB to grant EESL $13 mn for energy efficiency revolving fund

The Asian Development Bank (ADB) would grant $13 million to the government-owned Energy Efficiency Services Ltd (EESL) to set up an energy efficiency revolving fund (EERF) under a tie-up announced here on Sunday.

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Fuel prices continue to decline; petrol at Rs 77.56 per litre in Delhi, Rs 83.07 per litre in Mumbai

Fuel prices continue to decline; petrol at Rs 77.56 per litre in Delhi, Rs 83.07 per litre in Mumbai

Decline in fuel prices continued on Monday with petrol being retailed at Rs 77.56 per litre (decrease by Rs 0.17) in the national capital and diesel at Rs 72.31 per litre (decrease by Rs 0.15).

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India to lease out half of Padur strategic oil storage to ADNOC - sources

India to lease out half of Padur strategic oil storage to ADNOC - sources

India plans to lease out half of its Padur strategic oil reserve site in southern India to Abu Dhabi National Oil Co. (ADNOC) for storing crude, sources said. Indian Strategic Petroleum Reserves Ltd (ISPRL) will sign an initial agreement with ADNOC

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As LPG users rise due to PMUY, so do accidents; House panel sounds alarm

As LPG users rise due to PMUY, so do accidents; House panel sounds alarm

Cooking gas connections in India have increased 76 per cent from 140 million in 2014 to 247 million now. The Pradhan Mantri Ujjwala Yojana (PMUY) is a major factor behind this change.

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FPIs infuse Rs 4,800-cr in just 5 trading sessions on cooling crude prices

FPIs infuse Rs 4,800-cr in just 5 trading sessions on cooling crude prices

Foreign investors have pumped in nearly Rs 4,800 crore into the Indian capital markets in the last five trading sessions, after pulling out hefty funds in October, amid cooling global crude oil prices and rising rupee.

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Crude Prices: OPEC may be in for a shock in 2019

Crude Prices: OPEC may be in for a shock in 2019

It was meant to be a short, sharp shock. Instead, OPEC members are facing a long, slow grind with no end in sight. The deal reached with several non-OPEC countries in 2016 to cut oil supply and drain excess inventories was meant to last just six months.

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Govt weighing sale of 149 ONGC fields to private companies

Govt weighing sale of 149 ONGC fields to private companies

The government is weighing sale of as many as 149 small and marginal oil and gas fields of Oil and Natural Gas Corp. Ltd (ONGC) to private and foreign companies and allow the state-owned firm to focus only on big fields, people with knowledge of the development said.

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Crude Price Slump: OPEC, allies face risk of new oil surplus

Crude Price Slump: OPEC, allies face risk of new oil surplus

OPEC and its allies gathered for a meeting in Abu Dhabi amid signs that they’ll consider cutting production next year. A technical committee representing the coalition projected on Saturday a global oil surplus will resurface in 2019

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Saudi Arabia to cut oil supply amid signs of new glut

Saudi Arabia to cut oil supply amid signs of new glut

Saudi Arabia signalled it will reduce oil exports by as much as half a million barrels a day in December, the first tangible sign that Opec is starting to trim oil production as it faces an oversupplied market in 2019.

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Saudi Arabia to ship less oil in December as it considers a coordinated output cut

Saudi Arabia to ship less oil in December as it considers a coordinated output cut

Saudi Arabia plans to reduce oil supply to world markets by 0.5 million barrels per day in December, its energy minister said on Sunday, as the OPEC power faces uncertain prospects in its attempts to persuade other producers to agree a coordinated output cut.

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Iran sells more oil to private exporters to bypass US curbs

Iran sells more oil to private exporters to bypass US curbs

Iran sold 700,000 barrels of crude oil to private companies for export on Sunday in a second round of sales aimed at countering US sanctions on the country`s exports, oil ministry news website SHANA reported.

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BHEL complains to Rail Board on tender favouring select companies

BHEL complains to Rail Board on tender favouring select companies

State-run Bharat Heavy Electricals Ltd (BHEL) has written to the Railway Board saying a recent tender floated by the transporter for supply of propulsion systems favours select companies.

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Construction on 150 NH projects yet to kick off

Construction on 150 NH projects yet to kick off

Construction work is yet to commence on at least 150 national highway (NH) projects, covering over 5000 km, which were awarded during the last financial year due to several reasons including non-availability of land and private developers

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Rs 65,000 crore approved for Mumbai suburban rail revamp: Piyush Goyal

Rs 65,000 crore approved for Mumbai suburban rail revamp: Piyush Goyal

Up to Rs 65,000 crore has been approved for a host of rail infrastructure projects on the suburban network in Mumbai and its surrounding areas, said railway minister Piyush Goyal on Sunday.

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Indian Railways to export world-class DEMU rake to Sri Lanka! 10 facts about this swanky ‘Make in India’ train

Indian Railways to export world-class DEMU rake to Sri Lanka! 10 facts about this swanky ‘Make in India’ train

Indian Railways is all set to export to Sri Lanka a state-of-the-art swanky and modern DEMU train! Manufactured at the Integral Coach Factory (ICF) Chennai, this DEMU rake will be handed over to RITES on November 12.

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PM Modi to inaugurate development projects in Varanasi on Monday

PM Modi to inaugurate development projects in Varanasi on Monday

Prime Minister Narendra Modi will inaugurate several development projects in Varanasi on Monday. PM Modi will inaugurate a multi-modal terminal on River Ganga, two national highway projects along with some sewerage projects, news agency ANI reported.

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Mumbai suburban rail network gets new corridor after 15 years

Mumbai suburban rail network gets new corridor after 15 years

In a first, in past 15 years, a new rail corridor was thrown open by rail minister Piyush Goyal and Maharashtra Chief Minister Devendra Fadnavis on Sunday. Several other rail-related services too were thrown open at the time even

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