GOOD MORNING INDIA

January 23, 2019, Wednesday

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

PFC not to make open offer post REC acquisition

PFC not to make open offer post REC acquisition

Power Finance Company (PFC) will not be required to make an open offer to minority shareholders of REC after buying out the government's 52.63 per cent stake in the company as it is a related party transaction, an official said.

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Imported coal to increase power tariff

Imported coal to increase power tariff

The failure of Western Coalfields Limited (WCL) and other coal companies to supply contracted quantity of coal to Mahagenco is going to cost state’s power consumers dearly. Mahagenco is importing one-third of its coal requirement which will increase its generation cost.

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Cancelled coal mines: Production still far below FY15 level

Cancelled coal mines: Production still far below FY15 level

About fifty months after the Supreme Court cancelled 204 captive coal block licences saying these were allocated in an illegal and arbitrary manner, production from the blocks are far below the level before the court’s decision.

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State utilities asked to issue solar, wind energy tenders

State utilities asked to issue solar, wind energy tenders

Ministry of new and renewable energy has asked state utilities to issue solar and wind energy tenders, instead of depending on central utilities for meeting their renewable energy needs.

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Centre tells States to follow AP in energy efficiency

Centre tells States to follow AP in energy efficiency

The Union Ministry of Power in a letter advised the States to establish stand-alone State Designated Agencies (SDAs) on the lines of Andhra Pradesh for promotion of efficient use of energy and its conservation

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Solar power projects: Rising costs could muddy the waters

Solar power projects: Rising costs could muddy the waters

It’s the little-known challenge being faced by solar projects in India. Keeping solar panels up and running requires cleaning them every fortnight, water for which many developers are finding hard to procure.

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IL&FS crisis: ICAI accuses 3 top audit firms of professional misconduct

IL&FS crisis: ICAI accuses 3 top audit firms of professional misconduct

The statutory auditors of Infrastructure Leasing and Financial Services (IL&FS) Ltd – the parent company of debt-laden IL&FS Group - and two of its subsidiaries, IL&FS Transportation Networks Ltd (ITNL) and IL&FS Financial

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IL&FS wind assets: A good egg in a bad nest

IL&FS wind assets: A good egg in a bad nest

News reports suggest there is ample demand for the renewable energy business of beleaguered Infrastructure Leasing and Financial Services Ltd (IL&FS). Global private equity funds are in the race

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Solar rooftop installation at record 1,538 MW in year to September: Report

Solar rooftop installation at record 1,538 MW in year to September: Report

India witnessed record installation of 1,538 MW of solar rooftop in the year ended September 30, taking the total capacity in the category to 3,399 MW, according to a report.

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India's Wind power potential decreasing with climate change

India's Wind power potential decreasing with climate change

Rapid climate change may be causing a slow decline in India's wind power potential, a recent study suggests. India, the third largest emitter of greenhouse gases behind China and the United States, is investing billions in wind power

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Fuel continues downward trend, check December 10 prices here

Fuel continues downward trend, check December 10 prices here

Fuel prices continued its downward trend on Monday with petrol retailing at Rs 70.31 per litre and diesel at Rs 65.30 per litre in the national capital, a fall of Rs 0.39 and Rs 0.48, respectively.

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Brent oil prices rise after OPEC-led group announces 1.2 million bpd supply cut

Brent oil prices rise after OPEC-led group announces 1.2 million bpd supply cut

International oil prices rose on Monday, extending gains from Friday when producer club OPEC and some non-affiliated producers agreed a supply cut of 1.2 million barrels per day (bpd) from January.

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Oil companies invite applications for setting up 922 petrol pumps in Pune district

Oil companies invite applications for setting up 922 petrol pumps in Pune district

Oil companies have invited applications for setting up 922 petrol pumps in Pune district.While, India’s oil companies have invited entrepreneurs to set-up 55,000 petrol pumps pan India.

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Fuel prices set to soar again, industry wants scrapping of daily revision

Fuel prices set to soar again, industry wants scrapping of daily revision

Petroleum dealers and bulk consumers such as truckers and bus operators have revived their demand to abolish daily price revision of motor fuels, two days after the Organisation of the Petroleum Marketing Countries (Opec) decided to cut down crude oil production globally.

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MNGL comes under pressure to get land for CNG pumps

MNGL comes under pressure to get land for CNG pumps

With nearly 3,000 new compressed natural gas-run vehicles added on city roads every month, authorities at Maharashtra Natural Gas Limited are concerned about meeting the growing demand. The state-owned gas company currently has 55 CNG stations in Pune.

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Opec cut may not fire up oil prices

Opec cut may not fire up oil prices

Just when it looked like oil prices cooling off had offered some respite to India's macros, Organisation of the Petroleum Exporting Countries (Opec) decision to cut back production by 1.2 million barrels per day is threatening to heat things up again.

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Indian Railways’ Engineering Marvel: Constructs 100 Metre Tall Pier As Part Of World’s Tallest Railway Bridge

Indian Railways’ Engineering Marvel: Constructs 100 Metre Tall Pier As Part Of World’s Tallest Railway Bridge

The Northeast Frontier Railway (NFR) has achieved a major milestone in the ongoing construction of a railway bridge at Noney in Manipur, by successfully erecting a 100-metre tall pier, NeNow has reported. This achievement was also lauded by Railway Minister Piyush Goyal.

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Metro initiates feasibility study for airport-Kilambakkam line

Metro initiates feasibility study for airport-Kilambakkam line

In a few years, commuters arriving at the Kilambakkam bus terminus could board a metro train to reach the city without much hassle, as Chennai Metro Rail Limited has started preliminary work to extend its network by initiating a feasibility study.

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RVNL invites bids for track-laying on four new Metro routes in Kolkata

RVNL invites bids for track-laying on four new Metro routes in Kolkata

Rail Vikas Nigam Limited (RVNL), the executing agency of majority of the Metro projects in the city, on Sunday invited bids for Metro tracks for four major alignments in the city.

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Golden Chariot to not operate this season

Golden Chariot to not operate this season

In its tenth year, south India’s only luxury train, the Golden Chariot, will not run during its operational season owing to maintenance and refurbishment work, as well as in anticipation of a new agency taking over soon.

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Water woes in trains: Rlys comes up with plan to fill coaches with water in 5 min

Water woes in trains: Rlys comes up with plan to fill coaches with water in 5 min

Water woes onboard trains will soon be a thing of the past with railways at set to introduce a system which will reduce water filling time from the existing 20 minutes to just five minutes at stations.

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Indian Railways to Introduce Vistadome Coach on Regular Basis From Dec 11

Indian Railways to Introduce Vistadome Coach on Regular Basis From Dec 11

Indian Railways will introduce vistadome coach on a regular basis from December 11 on the Shimla-Kalka route. The fares of the train will be Rs 130 for adults and Rs 75 for children.

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