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February 23, 2019, Saturday |
Your Morning Newsletter In Energy And Infrastructure From Across The Media Space
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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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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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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’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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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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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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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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Delhi's electricity distribution company (discom) BSES has settled a large number of power theft cases through special Lok Adalats.
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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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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 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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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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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’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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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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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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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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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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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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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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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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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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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 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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