GOOD MORNING INDIA

April 22, 2019, Monday

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

Respond to VIPL's cost recovery plea within 10 days: MERC to consumers

Respond to VIPL's cost recovery plea within 10 days: MERC to consumers

Mumbai suburban power consumers have ten days to either support or raise an objection to Vidarbha Industries Power Limited’s (VIPL) petition that seeks recovery of Rs 1,255.76 crore and carrying cost of nearly Rs 400 crore from Adani

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Power consumers oppose tariff hike

Power consumers oppose tariff hike

MERC conducted a public hearing on Tuesday on a petition filed by Vidarbha Industries Power, a subsidiary of Reliance Infra, which has demanded “compensation” for cost of coal bought under e-auction and higher priced imported coal.

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Sterlite Power bags power augmentation project in West Bengal

Sterlite Power bags power augmentation project in West Bengal

Sterlite Power Tuesday said it has been awarded a power augmentation project for seven districts in West Bengal. The project will cover districts of Purba Medinipur, Murshidabad, Burdwan, Kolkata, North 24 Parganas, South 24 Parganas and Hooghly.

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MSEDCL appoints two more power franchisees

MSEDCL appoints two more power franchisees

Despite mixed results of power distribution franchisees in the state, the Maharashtra State Electricity Distribution Co Ltd (MSEDCL) has appointed two more. Torrent Power has been issued the letter of intent (LoI) for Mumbra-Shil-

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Sterlite says it will approach TN govt for reopening copper

Sterlite says it will approach TN govt for reopening copper

Vedanta group firm Sterlite Industries Tuesday said it will approach the Tamil Nadu government for necessary approvals for restarting its copper unit in Tuticorin, hours after the Supreme Court paved the way for its reopening by declining to stay a green tribunal order.

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Council to promote export of solar equipment to be formed

Council to promote export of solar equipment to be formed

A body to promote export of solar power equipments will soon be formed, reports a source from the industry. India has tremendous potential to tap solar energy. Creation of mini grids and captive use of solar power

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Renewable capacity addition may surge by 50% in 2019

Renewable capacity addition may surge by 50% in 2019

After a year of relative lull, renewable energy will be back on track in 2019 with new plants being set up and the introduction of the much anticipated policy on battery storage. This will also be the year when floating solar projects

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Macquarie interested in buying renewable energy assets of crisis-hit IL&FS

Macquarie interested in buying renewable energy assets of crisis-hit IL&FS

Macquarie Infrastructure & Real Assets and NTPC, India’s largest power utility, are among companies interested in buying some of the renewable energy assets of beleaguered shadow financier Infrastructure Leasing & Financial Services people familiar with the matter said.

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Fuel Prices: Check January 9 rates in your city here

Fuel Prices: Check January 9 rates in your city here

Petrol and diesel prices remained unchanged for the second consecutive day on Wednesday. While the petrol was retailing at Rs 68.50 per litre in the national capital, Diesel was being sold at 62.24 per litre.

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IOC may rethink acquiring 50% stake in Mundra LNG Terminal

IOC may rethink acquiring 50% stake in Mundra LNG Terminal

Nearly 16 months after the board of Indian Oil Corporation (IOC) had decided, in principle, to acquire up to 50 per cent in the Mundra LNG Terminal in Kutch, the PSU refiner-cum-retailer seems to be having second thoughts.

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HPCL, Mangalore Refinery merger may not happen this fiscal year

HPCL, Mangalore Refinery merger may not happen this fiscal year

The merger of two Oil and Natural Gas Corporation (ONGC) subsidiaries — Mangalore Refineries and Petrochemicals (MRPL) and Hindustan Petroleum Corporation (HPCL) — is unlikely to happen in FY19.

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Not getting NOC for petroleum mining licence from West Bengal govt, says ONGC; plans to invest additional Rs 6,000 cr

Not getting NOC for petroleum mining licence from West Bengal govt, says ONGC; plans to invest additional Rs 6,000 cr

Oil and gas downstream major ONGC on Tuesday alleged that it was not getting the no objection certificate for petroleum mining licence (PML) from the West Bengal government which was long due.

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Norway’s energy firm looking for oil, renewable partners

Norway’s energy firm looking for oil, renewable partners

Norway-based energy firm Equinor ASA is close to finalising a ‘framed’ contract with an Indian refiner for long-term supply of crude oil and is likely to appoint a country manager by February. The company is also looking for an Indian partner in the renewable energy space.

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Cabinet gives land to GAIL to set up CNG station in Patna

Cabinet gives land to GAIL to set up CNG station in Patna

Bihar cabinet on Tuesday gave its nod for transferring 1.5 acres of land to GAIL India for setting up a CNG station at Phulwarisharif in Patna. The land will be transferred to GAIL India on the payment of Rs 46.40 cror

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OVL’s associated gas plant in Russia gets delayed, to be ready by May

OVL’s associated gas plant in Russia gets delayed, to be ready by May

ONGC Videsh’s (OVL) associated petroleum gas plant — slated to come up at its loss-making fields acquired from Imperial Energy in Russia’s Tomsk region — is facing delay and is likely to be on stream by the middle of this year, according to a company executive.

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India may get easier terms for Iran gas field as discussions continue

India may get easier terms for Iran gas field as discussions continue

Despite talks hitting rock bottom after the US sanctions went live last year, India may still get access to Iran’s Farzad-B gas block as discussions are ongoing, a senior Iranian minister has said.

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Navayiga Engineering eyes large power, port and highway projects in India, aborad

Navayiga Engineering eyes large power, port and highway projects in India, aborad

Having gained expertise from the Polavaram irrigation project in Andhra Pradesh, Navayuga Engineering Company (NECL) is on the lookout for large engineering infrastructure projects within the country and overseas as well.

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GST Council to partner with NHAI to curb e-way bill fraud

GST Council to partner with NHAI to curb e-way bill fraud

The Goods and Services Tax (GST) Council will join hands with the National Highways Authority of India (NHAI) to curb e-way bill fraud, sources said on Tuesday.

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Indian Railways minimum wages: What CAG found after reviewing 463 contracts

Indian Railways minimum wages: What CAG found after reviewing 463 contracts

Only 23 per cent labour working in railways are being paid minimum wages, the Comptroller and Auditor General of India said after reviewing 463 contracts, in a report submitted in Parliament Tuesday, a day when 10 central trade unions have called a nationwide strike for labour rights.

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