GOOD MORNING INDIA

April 19, 2019, Friday

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

India played key role in energy justice, says PM Modi

India played key role in energy justice, says PM Modi

India has contributed significantly to energy justice by focusing on greater access to affordable and efficient energy in recent years, Prime Minister Narendra Modi said on Monday.

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APTEL stays Tamil Nadu wind auction temporarily

APTEL stays Tamil Nadu wind auction temporarily

Renewable energy developers have been opposing ceiling tariffs at auctions for projects ever since they began, but government agencies conducting the auctions, keen to keep tariffs low, have been adamant about imposing them.

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22 IL&FS entities allowed to service debt

22 IL&FS entities allowed to service debt

The National Company Law Appellate Tribunal (NCLAT) on Monday allowed 22 domestic subsidiaries of Infrastructure Leasing & Financial Services Ltd (IL&FS) to service their operational and financial debt obligations.

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India set to benefit as wind power gains speed

India set to benefit as wind power gains speed

India’s economy is the world’s sixth-largest by nominal GDP and the third-largest by Purchasing Power Parity (PPP). It is the world’s fastest growing major economy, as well. India is the third largest energy consumer in the world and is the backbone of the economy.

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Sun setting on coal in India

Sun setting on coal in India

Fossil fuel most at risk due to a large-scale addition of renewable energy, led by solar, in the recent past is coal. S&P Global Platts Analytics’ report on Global Solar Outlook (2019-2025) reveals that the coal new-builds or new coal-based power plants have declined to just four gigawatt (gw) last year.

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Exim Bank to finance 27 solar power projects in 15 nations

Exim Bank to finance 27 solar power projects in 15 nations

Export-Import Bank of India (Exim Bank) will finance 27 solar power projects worth $1.4 billion spread across 15 countries, said David Rasquinha, Managing Director, Exim Bank here on Monday.

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SC clears hurdle for Essar case, rejects pleas by operational creditors

SC clears hurdle for Essar case, rejects pleas by operational creditors

The Supreme Court (SC) on Monday dismissed a plea by 28 operational creditors of Essar Steel seeking to be heard by the National Company Law Tribunal (NCLT) before any decision was taken on ArcelorMittal’s bid for the company.

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BSES Lok Adalats settle over 3,000 power theft cases

BSES Lok Adalats settle over 3,000 power theft cases

Delhi's electricity distribution company (discom) BSES has settled a large number of power theft cases through special Lok Adalats.

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Has Modi’s UDAY scheme fulfilled its destiny? A review of power sector

Has Modi’s UDAY scheme fulfilled its destiny? A review of power sector

With the current estimate of thermal sector stress at over Rs 2.5 lakh crore of investments, the future of the power sector does not look promising. The question is, has UDAY, Modi government’s flagship scheme to alleviate power sector from its distress, worked

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NTPC Limited issues electricity regulation notice to J&K discoms

NTPC Limited issues electricity regulation notice to J&K discoms

Country’s largest power generator NTPC will regulate power supply to Jammu & Kashmir for not clearing Rs 1,985 crore dues. The company has asked to state to clear the pending dues or face blackout.

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Oil rises on OPEC cuts, U.S. sanctions on Iran and Venezuela

Oil rises on OPEC cuts, U.S. sanctions on Iran and Venezuela

Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although surging U.S. production and concerns over economic growth kept markets in check.

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Indian Oil Corp rating ‘Hold’: Risk reduction, low valuations are positives

Indian Oil Corp rating ‘Hold’: Risk reduction, low valuations are positives

Q3 EBITDA at Rs 36 bn and PAT at Rs 7.2 bn came in much higher than Street expectations of net loss at both Ebitda and PAT levels, helped by FX gains and lower interest (-29% q-o-q/+29% y-o-y).

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Petrotech 2019: Abu Dhabi oil firm targets India's downstream segment

Petrotech 2019: Abu Dhabi oil firm targets India's downstream segment

Abu Dhabi National Oil Company (ADNOC) will look for more opportunities in India's downstream segment as it plans to expand its contribution to the country's strategic oil reserves, the company's chief executive officer said on Monday.

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Venezuela courts India, talks barter to skirt US sanctions

Venezuela courts India, talks barter to skirt US sanctions

Venezuela’s oil minister Manuel Quevedo on Monday made a surprise appearance at an ongoing industry conference in Delhi’s outskirts, offering India a barter deal to keep its oil flowing as the strife-torn country battles hyper-inflation caused by collapsing crude prices and US sanctions.

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India welcomes private participation in oil and gas value chain: Modi

India welcomes private participation in oil and gas value chain: Modi

Prime Minister Narendra Modi on Monday said the government has encouraged private participation across the entire oil and gas value chain. “India is becoming an attractive FDI destination. Companies like Saudi Aramco

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India has to focus on alternate energy to reduce dependence on imports: Sashi Mukundan, BP country head

India has to focus on alternate energy to reduce dependence on imports: Sashi Mukundan, BP country head

British oil and gas firm BP is betting big on India's growing energy demand. It's country head Sashi Mukundan told Times Now that if India plans to reduce dependence on imports then it will have to focus on alternate energy.

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With Iran squeezed out, US oil takes on new rivals in Europe

With Iran squeezed out, US oil takes on new rivals in Europe

When the global oil trading industry gathered for its biggest annual meeting in Asia in September last year, U.S. oil producing companies came well prepared.

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Cairn India focus is on finding partners for oil & gas blocks: Sudhir Mathur

Cairn India focus is on finding partners for oil & gas blocks: Sudhir Mathur

We started on a $3.2 billion dollar programme about eight or nine months ago. It is in full swing now in various areas. One was on the tight oil part, one is on the gas part and also on enhanced recovery, which require significant amount of technology. All the work has started now.

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11 trains, Delhi-Ludhiana flight cancelled

11 trains, Delhi-Ludhiana flight cancelled

The weather-hit erratic rail traffic in the region has taken a turn for the worse due to Gujjar’s agitation in Rajasthan. The railways announced the cancellation of 11 trains on Monday, while many other long-route trains were either diverted or running behind schedule.

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WR kicks off month-long celebrations with tour of Bandra Terminus

WR kicks off month-long celebrations with tour of Bandra Terminus

The Western Railway (WR) on Monday began its month-long celebration of the heritage of the Indian Railways by organising a walk at Bandra Terminus. The walk saw the participation of passengers and coach maintenance workers at the station.

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‘Chaos cost’ skews Metro rail economics

‘Chaos cost’ skews Metro rail economics

India could have had more metro rail networks if people followed traffic rules. This is because metro networks cost less if they are built at the same level as roads, quite like trams.

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Train 18’s Delhi-Varanasi AC chair car ticket to cost Rs 1,850, executive class Rs 3,520

Train 18’s Delhi-Varanasi AC chair car ticket to cost Rs 1,850, executive class Rs 3,520

Travelling between Delhi and Varanasi on board India’s fastest train, the Vande Bharat Express or Train 18, will cost passengers Rs 1,850 in the chair car class while it will be Rs 3,520 in the executive class, including the catering charges, a senior railway official said Monday.

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IRCTC scam: Delhi court asks CBI, ED to provide documents to accused

IRCTC scam: Delhi court asks CBI, ED to provide documents to accused

A Delhi court on Monday asked the CBI and the ED to provide documents to the accused including former Bihar chief minister Lalu Prasad Yadav, his son Tejahswi and wife Rabri Devi in IRCTC scam cases on February 14 and 25 respectively.

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Indian ports to log 6-8% cargo growth on crude, coal volumes in FY19: Study

Indian ports to log 6-8% cargo growth on crude, coal volumes in FY19: Study

Indian ports are expected to record six to eight per cent growth in cargo volumes in FY19, backed by drivers like coal, crude oil and containers. Ports across the country handled 1209 million tonnes of cargo in 2017-18, achieving seven per cent over the previous year.

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