GOOD MORNING INDIA

May 22, 2019, Wednesday

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

MTPS alleges poor quality coal by BCCL

MTPS alleges poor quality coal by BCCL

The Damodar Valley Corporation (DVC) has sent over 30 complaints in recent months to Bharat Coking Coal Limited (BCCL) over the quality of coal supplied by the latter. Sources in the DVC say that the cost of production has increased substantially on account of the inferior quality of coal.

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2 super thermal power plants get Cabinet nod

2 super thermal power plants get Cabinet nod

Two super thermal power projects with a capacity of 1,320 MW each were approved in Khurja in Uttar Pradesh and Buxar in Bihar. The CCEA approved recommendations of a GoM relating to grant of linkage coal for short-term power purchase

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Discoms cannot evade late payment surcharge

Discoms cannot evade late payment surcharge

The Cabinet Committee on Economic Affairs said late payment surcharge will be made mandatory for power distribution companies. This is in line with the recommendations of a Group of Ministers (GoM) on issues relating to stressed thermal power projects.

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Power Minister rules out mega consolidation of power sector PSUs

Power Minister rules out mega consolidation of power sector PSUs

Power Minister R K Singh Thursday ruled out consolidating all state-owned power sector firms like NTPC, NHPC, SJVNL and PFC into a single entity, saying it would be the biggest company of the world but will not be manageable.

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Solar power generation 5.8 per cent costlier with GST: Report

Solar power generation 5.8 per cent costlier with GST: Report

The introduction of Goods and Services Tax (GST) has led to an increase in the cost of solar photovoltaic (PV) power generation by almost 6 per cent, an independent study by the Council on Energy, Environment and Water (CEEW) and the International Institute for Sustainable Development (IISD) said on Thursday.

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NCLT rejects Karur Vysya Bank’s pleas on ArcelorMittal’s Essar bid

NCLT rejects Karur Vysya Bank’s pleas on ArcelorMittal’s Essar bid

The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on Thursday rejected two pleas by lender Karur Vysya Bank (KVB) which sought to reject ArcelorMittal's resolution plan for Essar Steel India Limited (ESIL) citing pending dues from ArcelorMittal in KSS Petron.

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Amid Rising Trade Tensions With US, India Wants to Extend Iran Oil Sanctions Waiver

Amid Rising Trade Tensions With US, India Wants to Extend Iran Oil Sanctions Waiver

India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with Washington about extending a waiver of US sanctions past early May, two sources in India with knowledge of the matter said.

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Oil prices drop as ECB warns on weaker economy, US supply soars

Oil prices drop as ECB warns on weaker economy, US supply soars

Oil prices fell on Friday after the European Central Bank (ECB) warned economic weakness would continue and as U.S. crude output and exports chase new records, undermining efforts by producer club OPEC to tighten global markets.

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Oil edges up as tight global supplies offset economic concern

Oil edges up as tight global supplies offset economic concern

Oil prices edged higher on Thursday, supported by OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, but gains were capped by falling stock markets and renewed concerns over demand growth.

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Mahanagar Gas could feel overhang of Shell India’s stake sale

Mahanagar Gas could feel overhang of Shell India’s stake sale

Shares of Mumbai’s city gas distributor, Mahanagar Gas Ltd (MGL), have declined 4.5% this week. Shell India may finally exit the city gas distribution business by selling its 10% stake in the company, said a Mint report on Monday.

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Oil broadly flat as higher inventories balance out less OPEC supply

Oil broadly flat as higher inventories balance out less OPEC supply

Oil prices were broadly unchanged on Thursday as OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran counteracted record U.S. crude output, rising inventories and falling estimates of global demand growth.

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Contracts signed for 23 blocks under Discovered Fields - II

Contracts signed for 23 blocks under Discovered Fields - II

The Centre has signed contracts with winners of blocks awarded under the Discovered Small Fields (DSF) Bid Round-II. Oil and Natural Gas Corporation (ONGC) has bagged five blocks, while Oil India Limited (OIL) has cornered two blocks in this round.

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CGD projects in Jharkhand are worth Rs 1,200 crore: Official

CGD projects in Jharkhand are worth Rs 1,200 crore: Official

The city gas distribution (CGD) projects in Jharkhand's Seraikela-Kharswan and West Singhbhum districts are worth around Rs 1,200 crore, a senior official of Gail Gas Limited said here on Thursday.

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Indian Railways to go high-speed on Golden Quadrilateral

Indian Railways to go high-speed on Golden Quadrilateral

Trains running on the Golden Quadrilateral connecting Mumbai, Delhi, Kolkata and Chennai will run faster. The Indian Railways going for a massive overhaul of signalling system, on routes connecting these metropolitan cities, which is part of the Rs 77,000-crore project spread across 60000 kms on Indian Railways.

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Indian Railways okays solar panels along tracks, move aimed at cutting power purchase cost

Indian Railways okays solar panels along tracks, move aimed at cutting power purchase cost

With a view to move towards use of cleaner sources of energy and cut down its power purchase cost, the Railway Board has approved a project under which the Indian Railways will utilise its linear land along the tracks to install solar panels.

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Delhi, Mumbai suburban rail projects get nod

Delhi, Mumbai suburban rail projects get nod

The Cabinet Committee on Economic Affairs (CCEA) on Thursday approved proposals to augment suburban rail networks in Delhi and Mumbai. It cleared the Phase-III A of the Mumbai Urban Transport Project costing ₹30,849 crore.

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Cabinet clears third railway line between Narayangarh, Bhadrak

Cabinet clears third railway line between Narayangarh, Bhadrak

The Cabinet Committee on Economic Affairs on Thursday approved the construction of a third railway line between Narayangarh in West Bengal and Bhadrak in Odisha.

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Fire in Vande Bharat Express, train stranded for 25 minutes

Fire in Vande Bharat Express, train stranded for 25 minutes

A minor fire broke out in the transformer of a coach of the railways' ambitious Vande Bharat Express, sources said Thursday, making it the latest in a series of incidents plaguing India's fastest train.

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PM Modi To Unveil Projects In Varanasi, Kanpur, Ghaziabad Tomorrow

PM Modi To Unveil Projects In Varanasi, Kanpur, Ghaziabad Tomorrow

Prime Minister Narendra Modi will visit Varanasi, Kanpur and Ghaziabad in Uttar Pradesh on Friday and unveil multiple development projects for the state.

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Good job, Indian Railways! Coolies to get pathways for movement of luggage, modern rest facilities and more

Good job, Indian Railways! Coolies to get pathways for movement of luggage, modern rest facilities and more

Indian Railways brings relief to passengers and coolies or sahayaks! Remember Amitabh Bachchan’s super-hit Bollywood movie Coolie where the Big B played the protagonist role of a coolie.

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