GOOD MORNING INDIA

May 22, 2019, Wednesday

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

Power prices see a spike as states go on buying spree in poll season

Power prices see a spike as states go on buying spree in poll season

As the coal supply situation fails to improve and general elections expected in the first half of next year, states are on a power buying spree. Major states lately have issued short-term (3-4 months) contracts totalling 23 GW for supply

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All Maha villages to have electricity by December end

All Maha villages to have electricity by December end

Maharashtra has become load shedding free and by December end, all villages across the state would be electrified under Saubhagya Scheme, claimed Maharashtra State Electricity Distribution Company Limited (MSEDCL) director Vishwas Pathak here on Sunday.

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Gujarat to raise tariffs of power units hit by coal price hike

Gujarat to raise tariffs of power units hit by coal price hike

The Gujarat government has directed its power distribution company to raise tariffs of the three imported coal-based power plants owned by Tata Power , Adani Power and Essar Power by amending their power purchase agreeme

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‘Solar capacity has increased by 370% in last 3 yrs in India'

‘Solar capacity has increased by 370% in last 3 yrs in India'

It is not known how India’s negotiations at the 24th session of the Conference of the Parties (COP) will be received. Its pavilion, however, has caught the eye of global participants.

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Opinion | Coal is the junk food of global energy

Opinion | Coal is the junk food of global energy

Coal is an anachronism that also happens to be the single largest source of electricity on the planet. Some of its resilience reflects pure politics (“beautiful clean coal”). But there’s another aspect more akin to that guilty pleasure

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Adani Energy faces State audit after power bills shoot up in Mumbai

Adani Energy faces State audit after power bills shoot up in Mumbai

Just three months after it began operations, Adani Energy is drawing flak from consumers whose bills have shot up to unprecedented levels. Some consumers claim their bills for September and October have shot up by as much as 100 per cent.

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Proposed acquisition of PFC by REC needs RBI, CCI nod

Proposed acquisition of PFC by REC needs RBI, CCI nod

The proposed acquisition of Power Finance Corporation (PFC) by state-run Rural Electrification Corporation (REC) would require the approval of banking regulator RBI and competition watchdog CCI, an official said.

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To cut cost, railways to set up solar plants on its vacant land

To cut cost, railways to set up solar plants on its vacant land

In a bid to lower its operating ratio (the amount it spends as a proportion of the amount it earns) , which is currently at its highest level at 111%, the Indian Railways plans to utilise its vacant land to set up solar power plants of 30 gigawatt (GW) capacity.

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The mysterious world of disinvestment: ONGC bought HPCL for INR37,000 crore, but can’t ‘own’ it

The mysterious world of disinvestment: ONGC bought HPCL for INR37,000 crore, but can’t ‘own’ it

When a Surat-based realtor managed to get his hands on Sachin Tendulkar’s Ferrari in 2011, he immediately took the red beauty out for a spin. He did everything to make it his own, even building a special garage for it in his bungalow.

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Fuel prices continue downward trend, check December 3 rates here

Fuel prices continue downward trend, check December 3 rates here

Prices of fuel continued its downward trend on Monday because of the huge fall in global crude oil prices last week. Petrol was pegged at Rs 71.93 a litre with a fall in Rs 0.30 in Delhi, while diesel was being sold at Rs 66.66 after

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Indian Oil reduces jet fuel prices to lowest in 7-month

Indian Oil reduces jet fuel prices to lowest in 7-month

Indian Oil Corp., the country’s biggest fuel retailer, cut jet fuel prices for domestic and international carriers. The price in Delhi for domestic airlines was cut to 68,050.97 rupees a kiloliter on 1 December,

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Govt sets up 6-member panel to frame plan to sell 149 ONGC, OIL oil fields

Govt sets up 6-member panel to frame plan to sell 149 ONGC, OIL oil fields

The government has constituted a six-member committee to look at selling as many as 149 small and marginal oil and gas fields of state-owned ONGC and OIL to private and foreign companies to boost domestic output, sources said.

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Lower oil prices give a lifeline to currency market

Lower oil prices give a lifeline to currency market

The rupee has made a strong comeback in the past two months after being one of the worst hit currencies in Asia in 2018. After depreciating around 14% (64 to 74.5) from the beginning of the year, its trading below 70 against the US dollar now.

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Delhi Metro Pink Line’s start and end timings to be changed from Dec 3 to 8

Delhi Metro Pink Line’s start and end timings to be changed from Dec 3 to 8

For the commuters travelling on the Delhi Metro’s Pink Line (Majlis Park to Lajpat Nagar and Trilokpuri-Sanjay Lake to Shiv Vihar), there will be temporary changes in first and last train timings between December 3 and 8, the Delhi

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Indian Railways to miss 30 per cent targets of new line, doubling

Indian Railways to miss 30 per cent targets of new line, doubling

Indian Railways, which has been focusing on improving passenger safety and decongesting existing rail networks, is likely to miss its targets of commissioning new lines, gauge conversion and doubling for 2018-19 by around 30 per cent.

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Railways: Journey time on Joginder Nagar-Pathankot section will be reduced, says Piyush Goyal

Railways: Journey time on Joginder Nagar-Pathankot section will be reduced, says Piyush Goyal

Railway Minister Piyush Goyal said Sunday that he has asked ministry officials to explore possibilities to reduce the journey time between Joginder Nagar station in Himachal Pradesh and Pathankot station in Punjab by three hours.

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Indian Railways takes heritage route to boost revenue on Kalka-Shimla section

Indian Railways takes heritage route to boost revenue on Kalka-Shimla section

Sustaining an annual loss of around Rs 70 crore on the Kalka-Shimla route, the Indian Railways is gearing up to cash in on its heritage tag to pump up revenue. First on the list is identifying and preserving the heritage on the route

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362 infra projects show cost overruns of over Rs 3.39 lakh crore

362 infra projects show cost overruns of over Rs 3.39 lakh crore

As many as 362 infrastructure projects, each worth Rs 150 crore or above, have shown cost overruns to the tune of over Rs 3.39 lakh crore owing to delays and other reasons, a report said.

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Watch: In A Historic Moment, First Freight Train Runs On India’s Longest Road-Cum-Rail Bridge

Watch: In A Historic Moment, First Freight Train Runs On India’s Longest Road-Cum-Rail Bridge

It is a historic day for the Indian Railways as the first-ever freight train made its way across the Bogibeel Bridge, India's longest road-cum-rail bridge measuring 4.94 km, connecting Assam with Arunachal Pradesh.

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