GOOD MORNING INDIA

March 21, 2019, Thursday

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

No bidders, coal mine auctions put on hold again!

No bidders, coal mine auctions put on hold again!

Lack of interest from bidders have forced the Union government to once again cancel the sixth and seventh rounds of coal mine auctions, under which it was planning to put on sale 19 blocks.

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Patnaik asks Centre to revise coal royalty rates to 20 per cent

Patnaik asks Centre to revise coal royalty rates to 20 per cent

Odisha Chief Minister Naveen Patnaik on Sunday requested the Centre to expedite the revision of coal royalty rates from 14 per cent to 20 per cent as the state "continues to bear the brunt of the adverse effect of mining on the environment besides increased strain on water resources and infrastructure coupled with the displacement of people".

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Wind projects exit Gujarat as leasing land gets tougher

Wind projects exit Gujarat as leasing land gets tougher

Gujarat appears to be losing its status as the favourite destination of wind energy developers. Most winners of the latest wind auction by the Solar Energy Corporation of India, nodal agency that offers renewable energy projects,

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25.75 GW farmland renewable with Rs 34,422 crore support approved

25.75 GW farmland renewable with Rs 34,422 crore support approved

The President of India has approved total central financial support of Rs34,422 crore for installation of solar pumps and grid-connected solar and other renewable power plants under the Kisan Urja Suraksha Evam Utthan Mahaabhiyan (KUSUM) rural solar scheme.

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States to get sops under solar park scheme 2.0

States to get sops under solar park scheme 2.0

The Centre has introduced a financial incentive for states and tweaked its policy to address two major issues plaguing solar park developers — shortage of land and lack of transmission facility.

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RERC relief to renewable projects worth Rs 4000 cr

RERC relief to renewable projects worth Rs 4000 cr

In a big relief to the renewable power developers whose investments of more than Rs 4,000 crore came under a cloud, the Rajasthan Electricity Regulatory Commission has reversed an order passed by the previous government last year and brought in fresh

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Tata Power unlikely to agree on lower tariffs for Prayagraj Power Generation

Tata Power unlikely to agree on lower tariffs for Prayagraj Power Generation

Tata Power Ltd will not agree to lower tariffs for its proposed acquisition of Prayagraj Power Generation Co. Ltd as suggested by the electricity regulator in Uttar Pradesh,a company executive said on the condition of anonymity.

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If a firm got a stressed power asset at discount, it must cut tariff: UPERC

If a firm got a stressed power asset at discount, it must cut tariff: UPERC

Adding a new twist to the ongoing sale of stressed power assets, the Uttar Pradesh Electricity Regulatory Commission (UPERC) has taken a view that if a bidder acquires assets at a discount then it must pass on the benefit to customers by reducing power tariffs.

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No data on demonetised currency used at fuel pumps: RBI in RTI reply

No data on demonetised currency used at fuel pumps: RBI in RTI reply

The RBI in reply to an RTI query said it has no data on the old 500 and 1,000 rupeenotes used to pay for utility bills such as fuel at petrol pumps — payments that are anonymous and are believed to have formed a good part of the demonetised currency that retur ned to the banking system.

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Oil rises as OPEC’s output cuts set to continue, US drilling activity slumps

Oil rises as OPEC’s output cuts set to continue, US drilling activity slumps

Oil prices edged up on Monday after Saudi oil minister Khalid al-Falih said an end to OPEC-led supply cuts was unlikely before June, while a report showed U.S. drilling activity fell for a third straight week.

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Saudi Arabia may help to build fuel reserves caves

Saudi Arabia may help to build fuel reserves caves

Days after deciding to relocate the $44 billion refinery and petrochemical project from Ratnagiri in Maharashtra, the Centre has now asked Saudi Arabia to participate in its plans for building the strategic fuel reserves caves, which is being built in Karnataka and Andhra Pradesh.

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Hindustan Petroleum may soon become a Maharatna, ninth in league

Hindustan Petroleum may soon become a Maharatna, ninth in league

The department of public enterprises (DPE) is in the process of conferring Maharatna status to Mumbai-based Hindustan Petroleum Corporation (HPCL).

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Cloud over Bengal pipeline project

Cloud over Bengal pipeline project

The development of a gas pipeline in Bengal — from Kanai Chatta near Digha to Shrirampur in Nadia — could be hit because of lack of clarity on the supply of the fuel from H-Energy Pvt Ltd, a subsidiary of real estate firm Hiranandani Group.

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US pressing India to stop buying Venezuelan oil: Envoy

US pressing India to stop buying Venezuelan oil: Envoy

The United States is pressing India to stop buying Venezuelan oil that is a major source of revenue for President Nicolas Maduro's government, Washington's top envoy for Venezuela said, as the Trump administration this week threatened more US sanctions to cut off Maduro's financial lifelines.

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As fuel prices spike before polls, Centre seeks Saudi help to cool rates

As fuel prices spike before polls, Centre seeks Saudi help to cool rates

With oil prices on the boil just as general elections are announced, Oil Minister Dharmendra Pradhan has asked world's largest oil exporter Saudi Arabia to play an active role in keeping rates at a reasonable level.

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Crude oil on a slippery slope, but traders continue to be bullish

Crude oil on a slippery slope, but traders continue to be bullish

No one likes bad news; market and its bulls are no different. If it were just a small insignificant cautions to the wind, it would still be brave to ignore, but to ignore glaring evidence that the global markets are heading towards an economic slowdown, if not already in one, could be dangerous.

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CPPIB, Allianz-led InvIT in talks to acquire Sadbhav Infra’s 12 road assets

CPPIB, Allianz-led InvIT in talks to acquire Sadbhav Infra’s 12 road assets

Canada’s largest pension fund manager Canada Pension Plan Investment Board (CPPIB) is in advanced talks to acquire 12 operating road assets of Sadbhav Infrastructure Project Ltd (SIPL), in a deal worth $400-500 million (Rs 3,000 crore), according to two persons aware of the development.

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Mumbai: CR wants rise in frequency of new Mumbai-Delhi Rajdhani Express

Mumbai: CR wants rise in frequency of new Mumbai-Delhi Rajdhani Express

A good response from passengers to the first Rajdhani on Mumbai-Delhi route through the Central Zone has prompted the authorities to think of increasing the frequency of the now bi-weekly train.

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Southern Railway denies info under RTI on data-loggers of faulty signals

Southern Railway denies info under RTI on data-loggers of faulty signals

Raising a serious concern over safety of train passengers, Southern Railway has refused to divulge details of data loggers – a device that captures aspects of signals – in a faulty signal in Chennai.

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Chennai: Suburban rail loop gets green signal

Chennai: Suburban rail loop gets green signal

Two-and-a-half hours before the Election Commission announced the schedule for the 2019 Lok Sabha elections on Sunday, the railway board approved Southern Railway's (SR) proposal to run two circular suburban services between Chennai Beach - Arakkonam - Chengalpet - Chennai Beach.

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Chennai Metro phase II to have three-coach and six-coach trains

Chennai Metro phase II to have three-coach and six-coach trains

Chennai Metro Rail’s phase II project will have 210 coaches, comprising of a combination of three-coach and six-coach trains, to run the 52 km that will be built initially. Chennai Metro Rail’s phase II project is estimated to cost ₹69,180 crore and will have 126 station

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