Wednesday, November 14, 2018         

Greatings From EnergyInfraPost.com

News Round Up From Across The Media

EDITOR'S PICK

Budget 2017: President Pranab Mukherjee okays change in rules for Rail Budget merger

Budget 2017: President Pranab Mukherjee okays change in rules for Rail Budget merger

President Pranab Mukherjee has approved changes in government rules to allow merger of rail budget with the Union Budget 2017. The Department of Economic Affairs has been entrusted with the work relating to preparation of central budget including rail budget, as per a recent order issued by Cabinet Secretariat.

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Union Budget 2017-18: Key budget expectations for the energy sector

Union Budget 2017-18: Key budget expectations for the energy sector

India’s energy sector has witnessed rapid growth over the last one year fueled by interventional policies, reforms and investments.

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Supreme Court to hear plea seeking to defer Union Budget on Jan 23

Supreme Court to hear plea seeking to defer Union Budget on Jan 23

NEW DELHI: The Supreme Court today deferred to January 23 the hearing on a plea seeking postponement of Union Budget presentation ahead of the upcoming Assembly polls in five states. A bench comprising Chief Justice J S Khehar and Justice D Y Chandrachud, which has sought material and legal provisions in support of the PIL, preferred to go through the …

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POWER/COAL/MINE/RE

Power discom reform: Centre to float mega tender for smart meters

Power discom reform: Centre to float mega tender for smart meters

With 21 states now agreeing to go along with the Ujjwal Discoms Assurance Yojana (UDAY), the scheme to rescue the finances of electricity distribution companies (discoms), the Union ministry of power will do a mega tender for procuring 'smart meters' for these states.

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India as solar bright spot helps fill slowdown

India as solar bright spot helps fill slowdown

India may be a bright spot for global solar markets this year as it adds capacity at a record pace, becoming one of the top regions for panel producers struggling with rock-bottom prices.

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Winter power demand hits new high

Winter power demand hits new high

Winter heating to counter a severe cold wave sweeping across north India has driven up power demand beyond what was seen in previous years, sending power distributors in the region scurrying to negotiate arrangements to prepare for contingencies.

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Davos 2017: Suzlon’s Tanti Hopes Budget Will Extend Exemptions For Renewables Sector

Davos 2017: Suzlon’s Tanti Hopes Budget Will Extend Exemptions For Renewables Sector

The renewables space is growing rapidly, Tulsi Tanti, chairman and managing director of Suzlon told BloombergQuint's Menaka Doshi on the sidelines of the 47th World Economic Forum at Davos.

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Kalpataru Power bags four orders for power transmission-related projects

Kalpataru Power bags four orders for power transmission-related projects

Kalpataru Power Transmission has bagged four orders for power transmission-related projects worth 1,295 crore. In a disclosure to stock exchanges, the company said the first order pertains to establishment of a transmission system for transfer of power to Bhutan from India.

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FirstEnergy to sell four Pennsylvania gas generating plants to LS Power

FirstEnergy to sell four Pennsylvania gas generating plants to LS Power

New Delhi: FirstEnergy Corp said on Thursday it would sell four gas-generating plants in Pennsylvania and portion of a Virginia hydroelectric power station to a unit of LS Power Equity Partners III LP for about $925 million. The power stations, owned by FirstEnergy's units, have a total capacity of 1,572 megawatts (MW). Akron, Ohio-based FirstEnergy's move comes as it shifts …

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Trump's energy pick Perry says he regrets call to eliminate Energy Department

Trump's energy pick Perry says he regrets call to eliminate Energy Department

WASHINGTON: Former Texas Gov. Rick Perry, tapped by President-elect Donald Trump to head the Energy Department, said Thursday he regrets his infamous statement about abolishing the federal agency and insisted it performs a critical function. Perry told a Senate committee that if confirmed, he will be a passionate advocate for the department's core missions and will seek to draw "greater …

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"Momentum Jharkhand" to establish as an investment destination

"Momentum Jharkhand" to establish as an investment destination

The two-day 'Momentum Jharkhand' to establish the state as a premier investment destination for both Indian and foreign investors will be held here on February 16 and 17.

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OIL AND GAS

Cashless discounts: Fuel retailers may ask govt for compensation

Cashless discounts: Fuel retailers may ask govt for compensation

State-owned fuel retailers are planning to approach the government to compensate them for their losses while giving a 0.75% discount for cashless payments, two people aware of the matter said.

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GAIL (India) to consider bonus issue and private placement of bonds

GAIL (India) to consider bonus issue and private placement of bonds

At board meeting scheduled on 25 January 2017

GAIL (India) announced that a meeting of the Board of Directors of the Company is scheduled on 25 January 2017, inter alia, to consider issuance of bonus shares and fund raising by issuance of bonds on private placement basis.

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INFRASTRUCTURE

Sharp decline in bank loans to infrastructure sector

Sharp decline in bank loans to infrastructure sector

Data from the Reserve Bank of India (RBI) on bank lending to the infrastructure sector shows a sharp contraction over the last two years.

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India focused on Chabahar as Japan reiterates commitment to port project

India focused on Chabahar as Japan reiterates commitment to port project

Japan and India are finally moving to fructify their partnership for development of the Chabahar port in Iran with Tokyo committing investment to help improve Afghanistan's access to the port.

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CCI fines 3 electrical firms for bid rigging for Indian Railways tenders

CCI fines 3 electrical firms for bid rigging for Indian Railways tenders

The Competition Commission of India (CCI) on Thursday found three electrical firms guilty of anti-competitive agreements for bid rigging of tenders floated by Indian Railways.

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National Mission on Clean Ganga discusses CSR initiatives with corporates

National Mission on Clean Ganga discusses CSR initiatives with corporates

In its bid to bring corporate houses on board in implementing Centre’s ambitious ‘Namami Gange’ programme, the National Mission on Clean Ganga

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Budget should create a fund to boost digital infrastructure: Sandeep Ladda of PwC India

Budget should create a fund to boost digital infrastructure: Sandeep Ladda of PwC India

Improving the digital infrastructure and rationalising the charges on online transactions are two important steps the government should be taking in the upcoming Union Budget 2017

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Warm Regards.
Anupama Airy
EnergyInfraPost.com
Twitter: @energyinfrapos1

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