GOOD EVENING INDIA

March 25, 2019, Monday

Your Evening News Updates From Across The Media Space

India loses $86 billion annually to power sector distortions: World Bank

India loses $86 billion annually to power sector distortions: World Bank

What could be the total economic cost imposed by distortions in the power sector on the Indian economy annually? The figure was a staggering $86.1 billion, or roughly 4.13 per cent of the gross domestic product (GDP) in financial year 2015-16, according to the World Bank.

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SC’s Winter Vacation Latest Roadblock To Power Sector NPA Resolution: Projects Worth Rs 2 Lakh Crore In Limbo

SC’s Winter Vacation Latest Roadblock To Power Sector NPA Resolution: Projects Worth Rs 2 Lakh Crore In Limbo

The Supreme Court (SC) has delayed the hearing of a case brought by a consortium of power companies against the RBI (Reserve Bank of India) circular, to after its vacation, reported Business Standard (BS).

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India’s Kaiga nuclear power plant creates world record for continuous operation

India’s Kaiga nuclear power plant creates world record for continuous operation

A 220 Megawatt (Mw) unit of India’s indigenously-developed Kaiga atomic power station in Karnataka has created a world record for continuous operation.

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Power Mech Projects receives orders worth Rs 245 Cr

Power Mech Projects receives orders worth Rs 245 Cr

Power Mech Projects Ltd said that company has received Letter of Intent/Work Orders worth Rs 245 crore. First order is for Structural and Architectural Works of Main Plant Area of Unit 1 at 2x800 MW Uppur Super Critical Thermal Power Project

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Haryana solar developers protest as state refuses to waive transmission charges: Report

Haryana solar developers protest as state refuses to waive transmission charges: Report

The Haryana Electricity Regulatory Commission (HERC) has refused to waive various transmission-related charges for solar projects above 500 MW, a move that has been met with resistance from solar developers.

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SECI Likely to Issue RfS for 2.5 GW of Solar in Kargil by December 31, 2018

SECI Likely to Issue RfS for 2.5 GW of Solar in Kargil by December 31, 2018

The Solar Energy Corporation of India (SECI) has issued a notification stating that the request for selection (RfS) for setting up of 2.5 GW grid-connected solar PV projects in Kargil region will be issued by December 31, 2018.

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Maharashtra: Mahagenco to import coal, can lead to increase in tariff

Maharashtra: Mahagenco to import coal, can lead to increase in tariff

The state government-owned power generation utility Maharashtra Power Generation Company (Mahagenco) is forced to buy imported coal as the central government owned Coal India (CIL) is unable to supply coal to Mahagenco’s plant.

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Czech company to help hydro projects in Manipur

Czech company to help hydro projects in Manipur

A prominent hydel turbine company from Czech Republic has signed a deal with Salai Holdings Pvt Ltd for setting up mini-power projects in water-rich Manipur. The Manipur government has given the go-ahead to Salai to take up the smart hydel project.

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PFC likely to approach foreign banks for fundraising to close REC deal, says report

PFC likely to approach foreign banks for fundraising to close REC deal, says report

Power Finance Corporation (PFC) is likely to approach foreign banks for raising a portion of funds required to buy out the centre's stake in REC as state-owned banks are likely to hit regulatory limits set on exposures to a single entity,

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Pradhan Mantri Ujjwala Yojana to be extended to ration card holders soon

Pradhan Mantri Ujjwala Yojana to be extended to ration card holders soon

The 2016 government scheme Pradhan Mantri Ujjwala Yojana launched in 2016 can now be availed by those holding ration cards, according to media reports. The scheme, primarily aimed at those below the poverty line (BPL),

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Cabinet to take call on methanol policy in next 2 months, may allow import

Cabinet to take call on methanol policy in next 2 months, may allow import

In a major push to the clean energy mission, the Union Cabinet is likely to take up a comprehensive methanol policy within the next two months. The policy is likely to include proposals to import methanol and addresses subsidy-related

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Fuel prices raised; petrol costs Rs 70 53 a litre in Delhi

Fuel prices raised; petrol costs Rs 70 53 a litre in Delhi

Fuel prices registered a hike of 19-20 paise a litre on Monday. In Delhi, petrol retailed at Rs 70.53 a litre – the third hike in five days.

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Oil steady but oversupply, economic growth weigh

Oil steady but oversupply, economic growth weigh

Oil prices steadied on Monday after slipping by around 2 percent last week, but remained under pressure from oversupply and concern over the prospects for global economic growth and fuel demand. Brent crude oil

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New oil, gas projects to accelerate next year: report

New oil, gas projects to accelerate next year: report

The number of new oil and gas projects will rise five-fold next year from a 2015 trough but overall spending is still unlikely to be enough to meet future demand, consultancy Wood Mackenzie said in a report.

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India's worst fear: Can crude oil prices hit multi-year highs again?

India's worst fear: Can crude oil prices hit multi-year highs again?

Oil prices have crashed more than 30 percent since hitting a four-year high of almost $87 a barrel in early October. Worries over glut gripped the market and concerns over global economic growth made sentiment turn negative.

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Retail investors stand to gain from IOC buyback

Retail investors stand to gain from IOC buyback

Retail investors can make up to 12 per cent in the shares of Indian Oil Corporation (IOCNSE 1.17 %) in the next three months by participating in the company’s share buyback offer, said analysts.

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PM Modi to launch projects worth Rs 41,000 crore in Maharashtra on tuesday

PM Modi to launch projects worth Rs 41,000 crore in Maharashtra on tuesday

In the lead up to the Lok Sabha and the state assembly elections next year, Prime Minister Narendra Modi on Tuesday will launch infrastructure and housing projects worth around Rs 41,000 crore in the state.

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‘Smart’ villages to be developed along the Yamuna Expressway

‘Smart’ villages to be developed along the Yamuna Expressway

The Yamuna Expressway Industrial Development Authority (Yeida) has decided to develop ‘smart’ villages along the 165 km Yamuna Expressway that connects Greater Noida with Agra. Yeida aims to provide sewage, drainage

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Infra boost! Electrification on Indian Railways Sarai Rohilla to Gurgaon-Rewadi section to be completed soon

Infra boost! Electrification on Indian Railways Sarai Rohilla to Gurgaon-Rewadi section to be completed soon

Electrification in Indian Railways! Giving a boost to railway infrastructure, soon, electrification work will be completed on a 78-km long railway section, connecting Sarai Rohilla to Gurgaon and Rewadi.

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Train to Himalayas: India and Nepal set to connect by rail line from Bihar

Train to Himalayas: India and Nepal set to connect by rail line from Bihar

India and Nepal are set to connect via railways with new shiny rails connecting the 34 kilometres (21 miles) between Janakpur in southeastern Nepal and Jay Nagar in the Indian state of Bihar.

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Ahmedabad-Mumbai bullet train project: BEML pitches ‘Make in India’ indigenisation of 6 rakes with Japanese partner

Ahmedabad-Mumbai bullet train project: BEML pitches ‘Make in India’ indigenisation of 6 rakes with Japanese partner

Make in India boost for Ahmedabad-Mumbai bullet train project! Coach maker BEML (Bharat Earth Movers Limited) has pitched for indigenisation of at least 6 rakes of bullet train coaches in collaboration with Japanese firm and its partner, Hitachi.

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Soon, a virtual tour of Indian Railways’ heritage sites in trains, classrooms

Soon, a virtual tour of Indian Railways’ heritage sites in trains, classrooms

Soon, passengers onboard trains or students in faraway locations can take a tour of the National Rail Museum or see the Kalka-Shimla rail route without moving from their seats.

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Indian Railways to run 800 special trains for Kumbh Mela pilgrims

Indian Railways to run 800 special trains for Kumbh Mela pilgrims

To facilitate pilgrims arriving in large numbers during the Kumbh Mela in 2019, the railways has proposed running 800 special trains from various stations of Allahabad district, an officials has said.

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