GOOD MORNING INDIA

May 26, 2019, Sunday

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

NTPC and Power Grid to form pan-India power distribution firm in an equal JV

NTPC and Power Grid to form pan-India power distribution firm in an equal JV

State run NTPC Ltd and Power Grid Corp. of India Ltd (PGCIL) may shortly set up the National Electricity Distribution Company (NCDC)—a pan-India power distribution firm in an equal joint venture, said government officials aware of the development.

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Illegal coal trade sees a spurt in Jharkhand

Illegal coal trade sees a spurt in Jharkhand

Illegal coal business is on the rise in Bokaro causing a huge loss to state exchequer. “Police officers who had better understanding of the smugglers have been transferred following directions from the Election Commission of India and the newly deployed police officers are finding it difficult to get to the bottom of the nexus.

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SHAKTI Scheme: Most power units barred from bidding for coal

SHAKTI Scheme: Most power units barred from bidding for coal

The second round of coal auction under the Shakti-B scheme may see far fewer bidders than the first one held in 2017 because of an exclusion criterion. Analysts see power utilities with combined capacity of 407 MW could place their bids for coal in the forthcoming Shakti-B second round,

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Encouraging neighbours to buy electricity from India: CERC eases power trading norms

Encouraging neighbours to buy electricity from India: CERC eases power trading norms

The Central Electricity Regulatory Commission (CERC) has come up with revised regulations to encourage neighbouring countries to buy more power from India’s spot markets.

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Will the Centre’s package jumpstart stalled thermal power projects?

Will the Centre’s package jumpstart stalled thermal power projects?

In its last cabinet meeting before the general elections, the Centre cleared a slew of proposals to support stranded thermal power projects.

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Siemens’ finance arm buys 46% stake in Greenko’s wind unit

Siemens’ finance arm buys 46% stake in Greenko’s wind unit

German engineering conglomerate Siemens’ financing arm has signed a pact with Greenko group to acquire 46% stake in its 200 MW-Poovani wind power project, German conglomerate said on Monday.

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NHPC to be 10-Gw company by 2022, plans Rs 3,800-cr capex for next FY

NHPC to be 10-Gw company by 2022, plans Rs 3,800-cr capex for next FY

State-owned hydro power major NHPC plans to become a 10-Gw company by 2022. The company has planned a capex of Rs 3,800 crore for the next financial year.

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Former Essar Steel promoter approach NCLAT against ArcelorMittal takeover

Former Essar Steel promoter approach NCLAT against ArcelorMittal takeover

Essar Steel's former promoter Prashant Ruia along with two other directors of the erstwhile board of the steel maker Monday approached the National Company Law Appellate Tribunal (NCLAT) to thwart a last moment takeover of the debt-ridden firm by the global steel giant ArcelorMittal.

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SECI to meet solar developers over 7.5-GW tender in Leh & Ladakh

SECI to meet solar developers over 7.5-GW tender in Leh & Ladakh

The State-run Solar Energy Corporation of India (SECI) is likely to conduct a follow-up meeting with solar industry representatives today to discuss the details of its tender for 7.5-GW solar energy projects in Leh and Ladakh region of Jammu & Kashmir.

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EXPAND IFCI sells stakes in 2 power projects for Rs 1,174 crore

EXPAND IFCI sells stakes in 2 power projects for Rs 1,174 crore

The country’s oldest financial institution IFCI said Monday it has sold stake in two thermal power projects for Rs 1,174 crore. The exit from thermal power projects is part of the exercise to monetise unquoted equity investments and reduce non-performing asset (NPA) levels

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NCLAT pulls up SBI and other RCom lenders over Rs 37,000 crore asset sale 'golden outlook'

NCLAT pulls up SBI and other RCom lenders over Rs 37,000 crore asset sale 'golden outlook'

The National Company Law Appellate Tribunal (NCLAT) on Monday pulled up SBI, the lead lender of debt-ridden Reliance Communications, along with others for giving a 'false impression' to monetise Rs 37,000 crore from asset sales of the telecom company to Reliance Jio.

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India's Private Oil Firms 'Afraid' of US Sanctions, Reluctant to Deal With PDVSA

India's Private Oil Firms 'Afraid' of US Sanctions, Reluctant to Deal With PDVSA

US National Security Adviser John Bolton has warned countries, including India, against buying Venezuelan oil, saying nations and firms that support President Nicolas Maduro's "theft" will "not be forgotten".

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Oil prices rise amid broad market rally, OPEC supply cuts

Oil prices rise amid broad market rally, OPEC supply cuts

Oil prices rose on Tuesday, lifted by healthy demand and output cuts led by producer group OPEC. A rally in broader financial markets also supported crude futures, although analysts still warned of risks to the global economy.

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Oil India valuations suggest investors are pricing in worries by the barrel

Oil India valuations suggest investors are pricing in worries by the barrel

State-run oil producer Oil India Ltd announced last week that it won two blocks in discovered small field (DSF) round-II bidding. Any excitement about this development is premature at this point.

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Venezuela blackout halts most oil exports, hits crude upgrading: sources

Venezuela blackout halts most oil exports, hits crude upgrading: sources

Venezuelan state-run oil firm PDVSA has been unable to resume crude exports at its primary port since last week’s blackout, according to people familiar with the matter, indicating that the country’s massive power outage is crippling the OPEC nation’s principal industry.

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Government won't charge profit on hydrocarbon output in oil industry's less explored areas

Government won't charge profit on hydrocarbon output in oil industry's less explored areas

In a major overhaul of oil and gas exploration permits, the government will not charge any share of profit on hydrocarbons produced from less explored areas as it looks to attract the elusive private and foreign investment to raise domestic output.

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Can India become a gas based economy? I India's Energy Challenge

Can India become a gas based economy? I India's Energy Challenge

On this episode of India's Energy Challenge, we travel to Pune and Bengaluru to explore the steps being taken to boost domestic production of gas using solid waste and biomass.

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Samjhauta blasts: Ruling reserved on Pakistan woman’s plea

Samjhauta blasts: Ruling reserved on Pakistan woman’s plea

The special National Investigation Agency (NIA) court in Panchkula on Monday reserved its final verdict in the 2007 Samjhauta blasts case after a Pakistani national moved an application seeking to record her statement.

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IHMCL inks pact with CSC e-Governance for issuance of FASTags

IHMCL inks pact with CSC e-Governance for issuance of FASTags

To ensure faster implementation of electronic toll collection, Indian Highways Management Company Ltd (IHMCL) has inked a pact with CSC e-Governance Services for issuance of FASTags through common service centres, according to an NHAI official.

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Indian Railways Ticket Cancellation: Rules, Charges And Other Details

Indian Railways Ticket Cancellation: Rules, Charges And Other Details

IRCTC (Indian Railway Catering and Tourism Corporation), which handles the catering, tourism and online ticketing operations of the Indian Railways, also offers the option of ticket cancellation. Once the cancellation is confirmed, the refund is credited back to the account used for booking of the ticket.

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Indian Railways: Ready to go on Cloud but is it secure? Check what RailTel CMD Puneet Chawla has to say

Indian Railways: Ready to go on Cloud but is it secure? Check what RailTel CMD Puneet Chawla has to say

What every government ministry has in common is a big stock of files and use of paper for documentation purpose. However, Indian Railways is trying to change this.

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Indian Railways breathtaking train rides! All mountain rails to have European-style glass roof coaches

Indian Railways breathtaking train rides! All mountain rails to have European-style glass roof coaches

Indian Railways takes another initiative for providing a memorable experience to its passengers! Union Railway Minister Piyush Goyal was recently quoted in a PTI report saying that all mountain railways in the country will now have Vistadome coaches

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Great news for Shirdi pilgrims! Indian Railways upgrades Sainagar Shirdi station; see beautiful pics

Great news for Shirdi pilgrims! Indian Railways upgrades Sainagar Shirdi station; see beautiful pics

Indian Railways gives a new makeover to Sainagar Shirdi railway station! Under its station redevelopment and beautification initiative, Piyush Goyal-led Railway Ministry is revamping railway stations across the country.

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