GOOD AFTERNOON INDIA

May 22, 2019, Wednesday

Greetings From EnergyInfraPost.com!

Afternoon News Updates From Across The Media Space

POWERGRID Commissions 765 KV Double Circuit Bhuj-Banaskantha Transmission Line

POWERGRID Commissions 765 KV Double Circuit Bhuj-Banaskantha Transmission Line

POWERGRID has commissioned 765 kV Double Circuit Bhuj-Banaskantha Transmission Line on 5th January, 2019 as part of country’s first Green Energy Corridor under Green Energy Corridors-I: Inter-State Transmission Scheme Part-C.

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Gujarat govt to provide interest and power tariff subsidy to boost textile value chain, 6% subsidy for MSME units

Gujarat govt to provide interest and power tariff subsidy to boost textile value chain, 6% subsidy for MSME units

To boost the textile value chain in Gujarat, the state government has announced a scheme to provide interest and power tariff subsidy along with other incentives for specific sectors in the textile industry. For Micro,

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Thermal units shut, TN to buy more power

Thermal units shut, TN to buy more power

The closure of 3 Tangedco-NTPC joint venture thermal units at Vallur in Tiruvallur district based on a high court order will cause shortage of 1,000MW of power for the state discom.

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NTPC Limited is running more than a dozen initiatives to get rid of fly ash

NTPC Limited is running more than a dozen initiatives to get rid of fly ash

Have an idea on how to utilise the fly ash produced by thermal power plants? NTPC is willing to reward you with up to Rs 13 lakh. It is what India’s largest power producer did last year to get ideas

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RTI activist files plaint seeking FIR in solar subsidy scam

RTI activist files plaint seeking FIR in solar subsidy scam

A city-based RTI activist has lodged a complaint to the chief secretary on Thursday seeking registration of an FIR against government officials involved in siphoning off over Rs 100 crore in the form of subsidy for a solar rooftop project.

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Aditya Birla group's ARC set to make a formal bid for RattanIndia Power

Aditya Birla group's ARC set to make a formal bid for RattanIndia Power

The Aditya Birla group’s asset reconstruction company (ARC) is set to make a formal bid for RattanIndia Power, which has defaulted loans worth Rs 8,200 crore. Aditya Birla ARC, which has a tie up with US-based Verde Partners Inc,

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Salem Smart City Invites Bids for Rooftop Solar Projects

Salem Smart City Invites Bids for Rooftop Solar Projects

Salem Smart City Limited (SSCL) has invited bids to install grid-connected rooftop solar projects. The brief scope of work includes the supply, design, engineering, manufacturing, installation, and commissioning of the projects.

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Opinion | The opportunities for investors in stressed power assets

Opinion | The opportunities for investors in stressed power assets

In upward economic trend and better distribution connectivity have set India’s power sector for demand growth, yet it continues to face intrinsic challenges that could still upset the applecart.

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Gujarat pushes for green energy, aims for 45,000 MW clean power in 10 years

Gujarat pushes for green energy, aims for 45,000 MW clean power in 10 years

The State government will focus on green energy in a big and proposes to increase Gujarat's capacity for renewable energy to 45,000 MW in the next 10 years.

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PTC India wind power sale attracts Hero, Macquarie, CLP

PTC India wind power sale attracts Hero, Macquarie, CLP

The Indian arm of CLP Holdings Ltd, Macquarie Infrastructure and Real Assets (MIRA) and Hero Future Energies are among the companies that are interested in acquiring PTC India Ltd’s wind power business that may be valued at

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Coal India likely to auction 30 million tonnes of coal in Jan-Mar quarter

Coal India likely to auction 30 million tonnes of coal in Jan-Mar quarter

Coal India (CIL) is expected to put another 25-30 million tonnes (mt) of coal under the hammer in the ongoing quarter. This comes after e-auction volumes dipped following the decision to pump more coal into the coal-starved power sector through fuel-supply agreements (FSAs).

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Lenders side with Mauritian fund over ArcelorMittal for Essar Group's EPC Constructions

Lenders side with Mauritian fund over ArcelorMittal for Essar Group's EPC Constructions

A consortium of bankers approved the resolution plan submitted by Royale Partners to acquire Essar Group’s EPC Constructions, preferring the Mauritius investment fund over steel giant ArcelorMittal.

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Petrol price today: Fuel prices continue to rise; petrol above Rs 69/ litre in Delhi; check latest rates

Petrol price today: Fuel prices continue to rise; petrol above Rs 69/ litre in Delhi; check latest rates

Fuel prices raised again for the second consecutive day on Friday as global crude oil prices continued to rally. Oil marketing companies today increased prices of petrol and diesel in the range of 18-32 paise.

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Gail to invest Rs 5000 crore in West Bengal pipelines

Gail to invest Rs 5000 crore in West Bengal pipelines

State-owned GAIL (India) Limited, the country’s largest state-owned natural gas processing and distribution company, plans to pump in an additional Rs 5,000 crore for the construction of pipelines to supply gas and CNG in West Bengal in the next five to six years.

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GLOBAL LNG-Asian prices slide to 8-month low on mild winter

GLOBAL LNG-Asian prices slide to 8-month low on mild winter

Asian spot prices for liquefied natural gas (LNG) slid to an eight-month low this week amid milder winter weather, which has curbed prompt demand growth in the region.

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US oil inches down amid concerns of economic slowdown

US oil inches down amid concerns of economic slowdown

US oil prices edged down on Friday as concerns over economic growth were rekindled after talks fell short of offering concrete steps to end the Sino-US trade conflict, although OPEC-led production cuts bolstered sentiment in crude markets.

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Vedanta cuts crude supply to IOC, restores after govt intervention

Vedanta cuts crude supply to IOC, restores after govt intervention

Vedanta reduced crude oil supplies to Indian Oil Corp for about three months until October even as the two negotiated oil rates for the year, and restored it to the officially-allocated level only after the government intervened, according to multiple people familiar with the matter.

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Where are fuel prices headed after recent dip?

Where are fuel prices headed after recent dip?

Retail fuel prices, which touched record highs last year on surging global crude prices and a depreciating rupee, have softened in recent days. Will your fuel bill go lower in the coming months? Mint analyses the decline in prices at petrol pumps.

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Govt to carry over Rs 25,000 crore in pending petroleum subsidies to FY20

Govt to carry over Rs 25,000 crore in pending petroleum subsidies to FY20

The government could carry over as much as Rs 25,000 crore in pending petroleum subsidy payments to the coming financial year (2019-20, beginning April 1), as much as the budgeted estimate for 2018-19

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Praj 2G bio-refineries for OMCs on track; compressed gas added to tech basket

Praj 2G bio-refineries for OMCs on track; compressed gas added to tech basket

Praj Industries is on track to execute three bio-refinery projects based on their proprietary second-generation bio refinery (2G) technology for oil marketing companies (OMCs).

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Iran's crude exports stay subdued in January despite waivers: sources

Iran's crude exports stay subdued in January despite waivers: sources

Iran will see its crude exports severely curtailed for a third month in January as it is struggling to find new buyers amid fresh U.S. sanctions even though its traditional customers secured waivers, according to tanker data and industry sources.

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Insist on bills before making payment for catering facility: SWR urges passengers

Insist on bills before making payment for catering facility: SWR urges passengers

With a view to ensure transparency in catering services in trains, the South Western Railway (SWR) has urged passengers availing the facility to insist on bills while making payments.

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Lucknow Metro’s new corridor likely to open next month

Lucknow Metro’s new corridor likely to open next month

The Lucknow Metro Wednesday successfully completed a trial run on the remaining section of its North-South corridor and is likely to become operational by February, two months ahead of the April deadline, the Lucknow Metro Rail Corporation (LMRC) said.

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Concor aims annual turnover of Rs 25,000 cr in 5 years: Piyush Goyal

Concor aims annual turnover of Rs 25,000 cr in 5 years: Piyush Goyal

Container Corporation of India (Concor), a Navratna PSU, is looking at an annual turnover of Rs 25,000 crore in the next five years, Union Minister Piyush Goyal said on Friday.

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Karnataka government clears suburban rail project, Metro to airport

Karnataka government clears suburban rail project, Metro to airport

The Karnataka government on Thursday cleared the much-awaited Rs 23,000-crore suburban railway corridor project and green-lighted a change in alignment of Namma Metro project to provide seamless connectivity to the Kempegowda International Airport.

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PM Narendra Modi to soon flag off Train 18 on Delhi-Varanasi route, says Piyush Goyal

PM Narendra Modi to soon flag off Train 18 on Delhi-Varanasi route, says Piyush Goyal

Prime Minister Narendra Modi will soon flag off Train 18 -- the country's fastest train -- on the Delhi-Varanasi route, Union Minister Piyush Goyal said Thursday. The train, built under the 'Make In India' initiative, will pave the way for bullet trains, the railways minister added.

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YESTERDAY'S HEADLINES

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