GOOD MORNING INDIA

February 23, 2019, Saturday

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

Green energy companies see red due to cancelled tenders, low tariffs

Green energy companies see red due to cancelled tenders, low tariffs

India’s rapidly growing renewable energy capacity, a major achievement of the Modi government, faces a serious slowdown as investors are disappointed by the unrelenting focus on reduction of tariffs and multiple cancellation of bids after auctions.

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Home bound: Tata Steel to exit Southeast Asia business

Home bound: Tata Steel to exit Southeast Asia business

In another move aimed at staying focused on the home market, Tata Steel said on Monday that it will exit majority equity stakes in its Southeast Asia businesses, which will fetch it $327 million.

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Government sets March deadline to resolve 9 top insolvency cases

Government sets March deadline to resolve 9 top insolvency cases

The government has set a March deadline for lenders and resolution professionals (RPs) to resolve nine of the dozen high-value insolvency cases, with Essar Steel and Jaypee Infratech identified for special focus.

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Power managers for 23k Maha villages

Power managers for 23k Maha villages

Energy minister Chandrashekhar Bawankule has asked Maharashtra State Electricity Distribution Co Ltd (MSEDCL) to appoint 23,000 youths as village electricity managers. These youths hold certificates in electrical from industrial training institutes (ITIs).

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Vedanta to invest Rs 8,500 cr in South Africa for mining biz expansion

Vedanta to invest Rs 8,500 cr in South Africa for mining biz expansion

Vedanta Resources on Monday announced a fresh investment of Rs 8,500 crore to expand its mining and allied operations in South Africa and has committed to invest another Rs 60,000 crore in India in the next three years.

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Clean energy buying by corporates surged to a new record in 2018

Clean energy buying by corporates surged to a new record in 2018

Global corporations bought a record amount of clean energy through power purchase agreements, or PPAs, in 2018, shattering the previous record set in 2017, according to Bloomberg New Energy Finance (BNEF).

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Govt looking at steel,coal mining in NE to ensure supply as many captive leases expire by 2020: Minister

Govt looking at steel,coal mining in NE to ensure supply as many captive leases expire by 2020: Minister

To ensure that there is no massive shortage of iron ore and coal from 2020 when the captive mining leases are expiring, Union steel minister Chaudhary Birender Singh on Monday said the government is looking at mining of these resources in the Northeastern states.

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Hydroelectric Power Runs Out Of Gas: Posts Just One Per Cent Growth Over 2018; Solar, Wind Generation Surges

Hydroelectric Power Runs Out Of Gas: Posts Just One Per Cent Growth Over 2018; Solar, Wind Generation Surges

According to the latest available data, India’s hydro-energy capacity increased by a mere one per cent in 2018 from the year earlier with hydroelectricity’s share in India’s energy mix dropping by more than half in the past decade

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RPF to harvest modern technology to reduce coal pilferage

RPF to harvest modern technology to reduce coal pilferage

The Railway Protection Force (RPF) Monday said it has decided to harvest modern technology and increase coordination with Government Railway Police (GRP) to reduce pilferage of coal in transit.

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Petrol, diesel prices marginally slashed, check rates rates in your city here

Petrol, diesel prices marginally slashed, check rates rates in your city here

After remaining steady on Monday, both petrol and diesel rates were slashed on Tuesday. In national capital Delhi, the price of petrol was Rs 71.19 (deceased by Rs 0.08 a litre, while diesel was being sold at Rs 65.89 a litre (fall of Rs 0.11).

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Govt to video chat with 6 crore Ujjwala families

Govt to video chat with 6 crore Ujjwala families

Setting its sights on the six crore beneficiaries of the Ujjwala LPG scheme, the poll-bound government has started a programme, Ujjwala Swabhiman Utsav, where petroleum minister Dharmendra Pradhan

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Oil prices: Crude holds losses near $52 as Venezuela sanctions shrugged off

Oil prices: Crude holds losses near $52 as Venezuela sanctions shrugged off

Oil held its biggest loss in a month as renewed concern over slowing global growth largely outweighed U.S. sanctions against Venezuela’s state oil company.

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Oil nudges higher, but ample global production weighs

Oil nudges higher, but ample global production weighs

Oil prices steadied on Tuesday, edging up from a near two-week low in the previous session when prices fell around 3 percent on fears of supply growth and a global economic slowdown.

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Next step to clean fuel

Next step to clean fuel

Recently, there has been a considerable reduction in the prices of non-subsidised LPG cylinders. Unless LPG subsidies suffer from extreme mis-targeting, it should rather be the price on the subsidised market that matters for the poor.

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No proposal before us to list ONGC Videsh, says Dharmendra Pradhan

No proposal before us to list ONGC Videsh, says Dharmendra Pradhan

At a time when there is controversy surrounding the listing of ONGC Videsh Ltd (OVL), the fully-owned overseas arm of Oil and Natural Gas Corpo­ration (ONGC), Union Petroleum Minister Dharmendra Pradhan has said there is no such proposal before his ministry.

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Oil prices to remain range-bound between $55-65 per barrel

Oil prices to remain range-bound between $55-65 per barrel

Oil prices expected to remain range bound at USD 55-65 per barrel due to a rise in supply from the US, debt crisis in Venezuela and the limited clarity on the sanctions on Iran, a report said.

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Rupee up seven paise against USD on easing crude prices

Rupee up seven paise against USD on easing crude prices

The Indian rupee on Monday managed to end 7 paise higher at 71.10 against the US dollar on increased selling of the greenback by exporters amid easing crude oil prices and uptrend in other emerging market currencies.

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HPCL's Barmer refinery achieves financial closure

HPCL's Barmer refinery achieves financial closure

Hindustan Petroleum Corp Ltd's (HPCL) Rs 43,129-crore refinery project in Barmer district of Rajasthan has achieved financial closure with tying up of a Rs 28,753-crore loan from a consortium of lenders, the company said Monday.

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Neeraj Kumar of Jindal Saw Ltd. on demand for oil & gas in the Middle East

Neeraj Kumar of Jindal Saw Ltd. on demand for oil & gas in the Middle East

Neeraj Kumar, Group Chief Executive Officer and Whole-Time Director of Jindal Saw Limited, talks about their Q3 Performance and the demand for oil and gas sector

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Iran to build gas pipeline, rail link to boost Chabahar port infrastructure: Officials

Iran to build gas pipeline, rail link to boost Chabahar port infrastructure: Officials

Close on the heels of the launch of a new shipping route connecting three Indian ports with Chabahar, Iran is eyeing the construction of a gas pipeline and a railway link to Zahedan to boost activities at the strategic port, Iranian officials said on Monday.

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Shocked by IRCTC ticket racket? How Indian Railways is looking to give you relief

Shocked by IRCTC ticket racket? How Indian Railways is looking to give you relief

The recent IRCTC ticket racket shocked all passengers and the common man on the street. Now, Indian Railways is looking to crack down and give genuine travellers some much needed relief. Railways may soon set up a cyber crime

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India to receive first cargo from Afghanistan via Chabahar port next month

India to receive first cargo from Afghanistan via Chabahar port next month

India to receive first shipment from Afghanistan via Chabahar port next month using international customs transit system (TIR system), according to media report.

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Sri Lanka gets India-funded world-class ‘Make in India’ passenger train; check features of new service

Sri Lanka gets India-funded world-class ‘Make in India’ passenger train; check features of new service

World-class ‘Make in India’ DEMU train flagged off in Sri Lanka! An India-funded world-class train now connects two parts of Sri Lanka. A new passenger train, funded by the government of India has been inaugurated between

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Noida Metro Aqua Line: Good start for the new metro line with 11,625 commuters on Day 1

Noida Metro Aqua Line: Good start for the new metro line with 11,625 commuters on Day 1

Noida Metro Aqua Line has got off to a good start! Just one day after the official launch of Noida Metro’s Aqua Line, connecting Noida and Greater Noida, a footfall of 11,625 has been registered by the Noida Metro Rail Corporation

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