GOOD MORNING INDIA

April 19, 2019, Friday

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

REC takeover: PFC to draw Rs 10K crore from own reserves; lending to power projects to be hit

REC takeover: PFC to draw Rs 10K crore from own reserves; lending to power projects to be hit

Contrary to an earlier plan to fund its acquisition of the Centre’s 52.63% stake in Rural Electrification Corporation (REC) mainly through borrowings, state-run Power Finance Corporation (PFC) will likely draw Rs 10,000 crore  

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SECI project winners buying expensive land as state stays reluctant on leasing for central projects

SECI project winners buying expensive land as state stays reluctant on leasing for central projects

Wind developers have begun acquiring more expensive private land in Gujarat for central government projects as the state continues to go slow on leasing out land to them.

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Dhoot Transmission acquires Bengaluru’s San Electromec

Dhoot Transmission acquires Bengaluru’s San Electromec

In a bid to diversify its customer base, Aurangabad-based Dhoot Transmission, the second-largest Indian wiring harness maker for two wheelers, has acquired San Electromec, wire harness and control panel player that specializes in railways, defence, construction and specialty vehicle segment

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Sun Shines over Ladakh: First mega solar power project of region expected to get good response

Sun Shines over Ladakh: First mega solar power project of region expected to get good response

The Centre IS thinking big as far as tapping the solar potential of Jammu and Kashmir’s Ladakh region is concerned. On its agenda is the creation of 23-GW solar capacity in the region, entailing investments of `45,000 crores.

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Norway's Equinor plans to pick a substantial stake in ReNew Power

Norway's Equinor plans to pick a substantial stake in ReNew Power

Norwegian state-owned petrochemicals major Equinor is looking to pick a substantial stake in ReNew Power. Goldman Sachs, the lead and first investor in ReNew with a 48.62 per cent stake, and Abu Dhabi Investment Authority (ADIA)

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With sector in trouble, solar players’ hopes singed in Budget

With sector in trouble, solar players’ hopes singed in Budget

The energy sector’s reactions to the Interim Budget have been a mixed bag, with solar sector players expressing disappointment that nothing concrete was announced for them at a time when the sector is floundering

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Costly solar power PPAs will continue to burden Punjab consumers

Costly solar power PPAs will continue to burden Punjab consumers

The state power sector which has been making a steady progress towards improving its finances is likely to be burdened with the costly power from solar plants and the power purchase agreements signed with the independent solar power producers (ISPPs) in the state.

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CoalMin expresses concern over delay in commissioning of CIL washeries

CoalMin expresses concern over delay in commissioning of CIL washeries

The coal ministry has expressed concern over delay in the commissioning of around 18 washeries by state-owned Coal India Ltd (CIL) and stressed upon the need for timely completion of the projects.

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IOC, Adani, HPCL biggest bidders for city gas licences

IOC, Adani, HPCL biggest bidders for city gas licences

State-owned Indian Oil Corp (IOC) has emerged as the biggest bidder for city gas licences in the 10th bid round that also saw Adani Group, Hindustan Petroleum Corp Ltd (HPCL) and Indraprastha Gas Ltd as the other prominent bidders, according to oil regulator PNGRB.

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India pushing for energy justice on a global platform: Pradhan

India pushing for energy justice on a global platform: Pradhan

India is pushing for energy justice on a global platform, similar to the efforts that have been made within the country, said Minister for Petroleum and Natural Gas, Dharmendra Pradhan.

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Hydrocarbon demand here to stay, believe energy firms, policymakers

Hydrocarbon demand here to stay, believe energy firms, policymakers

Even as growth in the renewables and electric vehicles (EVs) segment threatens the conventional energy land scape, oil marketing companies (OMCs), oil and gas producers, and policy makers remain confident that demand for hydrocarbons is here to stay.

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Final investment decision for Mozambique gas block seen by March-April

Final investment decision for Mozambique gas block seen by March-April

A final investment decision, commonly called FID, for a massive offshore natural gas block in Mozambique is expected to be ready by March or April, the chairman of Mozambique's national oil company ENH said in New Delhi on Sunday.

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India to seek WTO nod for BIS-certified liquefied petroleum gas stoves

India to seek WTO nod for BIS-certified liquefied petroleum gas stoves

India is set to approach the World Trade Organisation (WTO) to make the certification from Bureau of Indian Standards (BIS) mandatory for all the liquefied petroleum gas stoves sold in the country.

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Engineers India bags Mongolian oil refinery deal

Engineers India bags Mongolian oil refinery deal

Engineers India Ltd (EIL) will provide consultation services to the Mongolian government for setting up a crude oil refinery in that country’s Sainshand province.

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Qatar urges India to include natural gas in GST to create demand

Qatar urges India to include natural gas in GST to create demand

India's largest LNG supplier Qatar on Sunday urged the central government to include natural gas in GST to help create demand for the environment friendly fuel and raise its share in the country's energy basket.

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Govt incentives to ONGC, OIL for natural gas discoveries to boost production

Govt incentives to ONGC, OIL for natural gas discoveries to boost production

The government plan to offer PSUs special incentives for natural gas discoveries in difficult and unviable areas will help raise India's natural gas production as it will unlock output in a dozen fields of state-owned ONGC and OIL, officials said on Sunday.

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Modi dedicates Vizag petroleum reserve facility to nation

Modi dedicates Vizag petroleum reserve facility to nation

Prime Minister Narendra Modi on Sunday dedicated to the nation the 1.33 million metric tonnes capacity Visakhapatnam Strategic Petroleum Reserve facility of the Indian Strategic Petroleum Reserve Ltd (ISPRL).

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India sees higher domestic output and import cuts as 23 oil blocks goes up for bidding

India sees higher domestic output and import cuts as 23 oil blocks goes up for bidding

India on Sunday offered 23 oil and gas and coal-bed methane blocks for bidding in the third round of Open Acreage Licensing Policy (OLAP) as it looks to more than double the area under exploration to raise domestic output and cut imports.

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India, Iran plan to celebrate 'Chabahar Day' to showcase business potential

India, Iran plan to celebrate 'Chabahar Day' to showcase business potential

India and Iran will celebrate ‘Chabahar Day’ on February 26 at a mega event in Iran’s strategically located port, which is operated by India. The jointly organised event will showcase business potential of the port and the proposed economic zone

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Merger of rail budget with main budget helps Railways to avoid public scrutiny of its failures, says Vivian Fernandes

Merger of rail budget with main budget helps Railways to avoid public scrutiny of its failures, says Vivian Fernandes

Of the 98 paragraphs of finance minister Piyush Goyal’s Interim Budget speech, two were about the Railways. In a relatively short speech meant to gladden various sections of voters, more was not expected. The details which a separate Railway budget provided were missing.

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Upgrade for common man! Indian Railways to revamp 500 Mail/Express trains; replace 120 rakes with LHBs next FY

Upgrade for common man! Indian Railways to revamp 500 Mail/Express trains; replace 120 rakes with LHBs next FY

Indian Railways to upgrade 500 Mail/Express train rakes in the next one year! With an aim to improve the travel experience of the common man on Mail/Express trains, Indian Railways is hoping to upgrade around 500 train rakes in the upcoming financial year.

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Don't cancel. Here's how to transfer your IRCTC train ticket to someone else

Don't cancel. Here's how to transfer your IRCTC train ticket to someone else

This comes as a huge relief. Have you ever made a mistake while booking online train tickets via IRCTC (Indian Railway Catering and Tourism Operation) website or simply wanted to transfer your booked ticket to someone in your family?

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Railways operating ratio in red till Dec; 10 out of 17 railway zones report losses

Railways operating ratio in red till Dec; 10 out of 17 railway zones report losses

Ten out of the 17 railway zones including Kolkata Metro are bleeding with operating losses. While the budget has estimated the operating ratio to be 98.2% by March end, railways internal report paints a grim picture of how the operating ratio was 110.8% at the end of December.

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Indian Railways gets first ‘Make in India’ electric locomotive with regenerative braking; what’s special

Indian Railways gets first ‘Make in India’ electric locomotive with regenerative braking; what’s special

Indian Railways’ “first” electric locomotive with a regenerative system: Historical ‘Make In India’ project flagged off for Indian Railways! The country’s first electric locomotive with a regenerative system has been developed by PSU BHEL

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