GOOD MORNING INDIA

March 24, 2019, Sunday

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

Resolution process: Lenders seek bids from interested buyers for RattanIndia’a Amravati plant

Resolution process: Lenders seek bids from interested buyers for RattanIndia’a Amravati plant

Lenders to phase I of RattanIndia Power’s (RIPL) 1,350-megawatt (MW) Amravati Thermal Power Project, led by Power Finance Corporation (PFC), have sought bids from interested buyers for the plant.

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Breaching the limit? REC buyout to stretch PFC balancesheet, says report

Breaching the limit? REC buyout to stretch PFC balancesheet, says report

The acquisition of government’s 52.63% stake in Rural Electrification Corporation (REC) by Power Finance Corporation (PFC) will increase the leverage of the latter with an impact on return on assets and return on equity;

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Gujarat: Torrent Power seeks hike of 28 paise in electricity tariff

Gujarat: Torrent Power seeks hike of 28 paise in electricity tariff

Torrent Power, which distributes power in Ahmedabad and Surat, has sought an increase of 28 paise in the power tariff for Ahmedabad, and a 14 paise hike for Surat, for the next financial year.

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Coal import to be checked by rising domestic production

Coal import to be checked by rising domestic production

The government’s effort to increase domestic coal production and power demand falling with the onset of the winters will check coal imports, a senior coal ministry official has said. Power plants across the country had imported 6.6 MT

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India-led ISA, EU join hands to promote solar energy

India-led ISA, EU join hands to promote solar energy

At the world’s biggest climate change conference, the India-led International Solar Alliance (ISA) signed a joint declaration with the European Union (EU) on Tuesday to enhance solar energy.

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Delhi's air quality 'severe' for 2nd day; officials say stringent action if condition persists

Delhi's air quality 'severe' for 2nd day; officials say stringent action if condition persists

Delhi's air quality remained "severe" for the second consecutive day on Tuesday as high moisture content and low wind speed prevented pollutants from dispersing.

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Renewables cross one-fifth of India’s total energy capacity

Renewables cross one-fifth of India’s total energy capacity

With the rapid growth in capacity addition on the back of strong government push, the renewable sector now accounts for more than one-fifth of the country’s overall installed power capacity, a significant achievement in the clean energy push.

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Troubled power sector — the way forward

Troubled power sector — the way forward

Most of the problems of the power sector emanate from the poor health of the Discoms. Launched in 2015, “UDAY” (Ujwal Discom Assurance Yojana) was to provide much needed relief to these Discoms.

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SBI, Axis, IndusInd in race for IL&FS sec arm

SBI, Axis, IndusInd in race for IL&FS sec arm

SBI, Axis Bank and IndusInd Bank have emerged three key bidders for IL&FS Securities Services (ISSL) and ISSL Settlement & Transaction Services — the twin capital market arms of the beleaguered infrastructure and financing group.

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Fuel slashed yet again, check December 12 prices here

Fuel slashed yet again, check December 12 prices here

Fuel prices continued its downward trend on Wednesday with petrol retailing at Rs 70.20 per litre and diesel at Rs 64.66 per litre in the national capital, a fall of Rs 0.39 and Rs 0.48, respectively.

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IOC's pollution-free transport system

IOC's pollution-free transport system

Indian Oil Corporation has commissioned India's first Hydrogen-Compressed Natural Gas (CNG) fuel dispensing station at its research & development centre in Faridabad, Haryana.

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Falling oil, gas output a concern; gas trading hub soon: Pradhan

Falling oil, gas output a concern; gas trading hub soon: Pradhan

India's falling oil and gas production is a matter of concern which the government has sought to address by initiating various reforms in the sector, Petroleum Minister Dharmendra Pradhan said on Tuesday.

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Saudi Aramco, ADNOC's India refinery project delayed by 2 years

Saudi Aramco, ADNOC's India refinery project delayed by 2 years

India has delayed the commissioning of a giant refinery that state-owned firms are building in tie up with Saudi Aramco and Abu Dhabi National Oil Co (ADNOC) by two year to 2025, a senior official at the consortium told Reuters on Tuesday.

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OMC scrips surge on crude oil price fall

OMC scrips surge on crude oil price fall

The markets may be trending downward, but the scrips of oil marketing companies (OMCs) are soaring on the bourses. Shares of Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL)

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Chennai Metro Phase II Revived As MoUD Allows 30 Per Cent Japanese Component As Per JICA Loan Conditions

Chennai Metro Phase II Revived As MoUD Allows 30 Per Cent Japanese Component As Per JICA Loan Conditions

The phase II project of the Chennai Metro has avoided major hurdles after the Ministry of Urban Development (MoUD) on Monday (10 December) clarified it is not mandatory for ‘Made in India’ trains to operate, reports the Hindu.

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Indian Railways has good news for passengers, to discontinue surcharge

Indian Railways has good news for passengers, to discontinue surcharge

Just ahead of the Kumbh Mela in January, the Indian Railways said it has decided to discontinue 'mela surcharge', an extra charge levied on passengers during major fairs.

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New rail app offers quick response

New rail app offers quick response

Railway passengers can now log into a new application to register their complaints and get real-time assistance and updates. Called the ‘Rail Madad App’, the mobile-based application can be downloaded from Google Play Store

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Railways To Run Four Special 'Pravasi Bharti' Trains To Kumbh Mela In January

Railways To Run Four Special 'Pravasi Bharti' Trains To Kumbh Mela In January

The railways will run four special trains between Allahabad and Delhi to ferry delegates of the Pravasi Bharatiya Divas from the Kumbh Mela to the national capital for them to be a part of the Republic Day event.

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Railway Ministry To Develop New Station Near Statue Of Unity

Railway Ministry To Develop New Station Near Statue Of Unity

The world's tallest statue will get a world class station at Kevadiya near the site of the Statue of Unity in Gujarat's Narmada district, a Railway Ministry official said in Mumbai on Tuesday.

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