GOOD MORNING INDIA

March 24, 2019, Sunday

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

‘Saubhagya not sole reason for high AT&C losses’

‘Saubhagya not sole reason for high AT&C losses’

The electrification of new households under the Central government’s Saubhagya scheme is not the only cause for a few major states recently reporting high aggregate technical and commercial (AT&C) losses, power minister RK Singh

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NTPC to operationalise 800 Mw at Odisha's Darlipalli power plant in FY19

NTPC to operationalise 800 Mw at Odisha's Darlipalli power plant in FY19

Country’s largest thermal power producer NTPC Ltd plans to operationalise 800 Mw of its 1600 Mw (2x800) supercritical coal-based power plant at Darlipalli in Odisha's Sundergarh in the current financial year.

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G20 Summit: PM Narendra Modi meets UN Chief Antonio Guterres, discusses India’s role in addressing climate change

G20 Summit: PM Narendra Modi meets UN Chief Antonio Guterres, discusses India’s role in addressing climate change

Prime Minister Narendra Modi met with UN Secretary General Antonio Guterres on the sidelines of the G20 summit here on Thursday and the two discussed India’s role in addressing climate change globally.

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More than 40 per cent of world coal plants are unprofitable, says report

More than 40 per cent of world coal plants are unprofitable, says report

More than 40 per cent of the world’s coal plants are operating at a loss due to high fuel costs and that proportion could to rise to nearly 75 percent by 2040, a report by environmental think-tank Carbon Tracker showed on Friday.

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Exclusive | Govt plans major revision of proposed hydro policy, no free power to host state for 5 years

Exclusive | Govt plans major revision of proposed hydro policy, no free power to host state for 5 years

The government’s proposed hydropower policy, in the works for more than four years, is set to undergo a major revision, sources said. In a major departure from the policy planned earlier, the draft of the new Cabinet

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NCLT admits EMC for Rs 6,500 cr liability

NCLT admits EMC for Rs 6,500 cr liability

The National Company Law Tribunal's Kolkata bench has admitted the insolvency plea against power transmission company EMC Ltd, which has defaulted on payments to the tune of Rs 6,500 crore to banks and other creditors, two people familiar with the matter said.

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Sajjan Jindal's JSW Energy sole bidder for Monnet Power as Adani backs out

Sajjan Jindal's JSW Energy sole bidder for Monnet Power as Adani backs out

Billionaire Sajjan Jindal’s JSW Energy has submitted a bid for Monnet Power, which was referred to the National Company Law Tribunal (NCLT) after it defaulted on Rs 55 billion debt. Adani Power, which submitted an expression

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Separate strategy for power transmission in hilly areas required: CM Thakur

Separate strategy for power transmission in hilly areas required: CM Thakur

A separate strategy is required to be chalked for developing cost-effective and reliable power transmission and distribution system for the hilly areas, Himachal Chief Minister Jai Ram Thakur said Thursday.

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RBI’s regulatory failure created IL&FS mess, says Arvind Subramanian

RBI’s regulatory failure created IL&FS mess, says Arvind Subramanian

Terming the IL&FS crisis as a regulatory failure, former chief economic advisor to finance minister Arvind Subramanian has said the Reserve Bank should be held responsible for the crisis at one of the largest entities it has been regulating.

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Power minister Raj Kumar claims all households in 15 states have electricity connections

Power minister Raj Kumar claims all households in 15 states have electricity connections

All households in 15 Indian states have electricity connection, power minister Raj Kumar Singh said on Thursday. “8 States have achieved 100% saturation in household electrification under Saubhagya namely Madhya Pradesh, Tripura,

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India’s largest infrastructure lender is selling its renewable energy assets to avoid defaulting on its debts

India’s largest infrastructure lender is selling its renewable energy assets to avoid defaulting on its debts

The cash-strapped IL&FS, India’s largest infrastructure lender, announced on 28 November that it had initiated the process of seeking bids for its renewable energy asset portfolio.

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Shapoorji Pallonji Wins Bid For India’s First Large-Scale Floating Solar Plant At Rihand Dam Along UP-MP Border

Shapoorji Pallonji Wins Bid For India’s First Large-Scale Floating Solar Plant At Rihand Dam Along UP-MP Border

India will soon have its first large-scale floating solar power plant, with the Shapoorji Pallonji Group (SPG) being awarded the first block of 150 MW of such projects on the Rihand Dam, which is located along the Madhya Pradesh

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Gail India proposes swap of Cove Point LNG cargoes in Q1 -sources

Gail India proposes swap of Cove Point LNG cargoes in Q1 -sources

Gail India is proposing to swap three liquefied natural gas (LNG) cargoes across the first quarter of next year, trade sources said on Friday. The Indian importer has 20-year deals to buy .8 million tonnes a year of U.S. LNG

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Oil prices edge up on expected OPEC output cuts, but rising US supply caps gain

Oil prices edge up on expected OPEC output cuts, but rising US supply caps gain

Oil prices firmed on Friday as traders expected OPEC and Russia to agree on production cuts next week, although swelling U.S. supplies kept markets in check. U.S. West Texas Intermediate (WTI) crude futures were at $51.55

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India E&P projects remain insulated from commodity price fluctuation

India E&P projects remain insulated from commodity price fluctuation

Oil price fluctuations have failed to have any impact on exploration & production (E&P) projects in India, both onshore and offshore. Drop in project costs by about 30 per cent is the main factor lending support to oil companies as well as

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How Modi govt's natural gas plan is giving no relief to smog-choked cities

How Modi govt's natural gas plan is giving no relief to smog-choked cities

India’s drive to clean up some of the world’s worst air by burning more natural gas appears to be faltering. Despite an overall rise in use over the past three years, infrastructure, policies, weak domestic production and competition from

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Oil prices slides below $50 for first time in a year

Oil prices slides below $50 for first time in a year

Oil prices dropped below $50 a barrel in New York for the first time in more than a year as traders fretted that the Organization of the Petroleum Exporting Countries

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Vedanta seeks U.S. oil services consortium for new India blocks

Vedanta seeks U.S. oil services consortium for new India blocks

India’s Vedanta Resources (VDNRF.PK) wants U.S. oilfield services companies to set up consortia to help develop the 41 blocks in India acquired this year by its Cairn Oil & Gas unit, the company’s chairman said on Thursday.

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Maharashtra puts land purchase for Saudi Aramco refinery on hold

Maharashtra puts land purchase for Saudi Aramco refinery on hold

India's western state of Maharashtra has put on hold the process to buy land for the country's biggest oil refinery that state-run oil companies are building with Saudi Aramco, Chief Minister Devendra  

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Trump's Iran sanctions: UAE, Saudi assure India on oil supplies to cover for possible deficit

Trump's Iran sanctions: UAE, Saudi assure India on oil supplies to cover for possible deficit

The UAE and Saudi Arabia have stood by India + to cover deficits in oil supplies in the past and would do so in the future, said Ahmed Al Banna, UAE envoy to India.

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India MRPL signs first term deal with Iraq - sources

India MRPL signs first term deal with Iraq - sources

India’s state-run Mangalore Refinery and Petrochemicals Ltd has signed its first term deal with Iraq as it seeks to diversify its crude imports, two sources privy to the matter said.

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Railway minister Piyush Goyal to track operations from office at Rail Bhavan

Railway minister Piyush Goyal to track operations from office at Rail Bhavan

Railway Minister Piyush Goyal would soon be able to monitor the entire rail network, including movement of trains and earnings of the national transporter, live in his office through a software.

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Delhi Metro Red Line train services delayed due to technical snag

Delhi Metro Red Line train services delayed due to technical snag

Services were affected on Delhi Metro's Red Line on Friday morning due to some technical snag. Trains halted between Dilshad Garden and Rithala stretch.

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Keep Metro fare at round figure to avoid 'chutta' issues: Delhi Metro to MMRDA

Keep Metro fare at round figure to avoid 'chutta' issues: Delhi Metro to MMRDA

'Chutta nai hai' is a phrase that Mumbaikars often hear while buying tickets for train, bus or paying the auto and taxi guy. To ease the issue, the Delhi Metro Rail Corporation (DMRC), which had entered into an agreement

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Railways completes 200km of eastern dedicated freight corridor, trial on Friday

Railways completes 200km of eastern dedicated freight corridor, trial on Friday

In a major boost to quick freight service, the Indian railways announced on Friday that they have completed 194 km long section between New Khurja (Bulandshahr) and New Bhadan  

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Mumbaikers can look forward to less crowded locals! Piyush Goyal wants all Mumbai locals to be 15-coach trains

Mumbaikers can look forward to less crowded locals! Piyush Goyal wants all Mumbai locals to be 15-coach trains

Mumbaikers, there is great news for you! Railway Minister Piyush Goyal has directed that all local trains in Mumbai be turned into 15-coach trains- a move that will come as a big relief to regular commuters.

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