GOOD MORNING INDIA

May 22, 2019, Wednesday

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

Coal scam: ED attaches Rs 36.85-cr assets of MP-based firm

Coal scam: ED attaches Rs 36.85-cr assets of MP-based firm

Assets worth over Rs 36 crore of a Madhya Pradesh-based company have been attached by the ED in connection with a coal blocks allocation scam case, the agency said on Tuesday.

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Government modifies rules to help solar parks get land

Government modifies rules to help solar parks get land

In a bid to remove hindrances related to availability of land and evacuation issues, the Ministry of New and Renewable Energy (MNRE) has issued a memorandum proposing modifications to the guidelines issued for development of solar parks and ultra-mega solar parks.

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New electricity transmission lines require Rs 2.7 lakh crore by FY22

New electricity transmission lines require Rs 2.7 lakh crore by FY22

About Rs 2.7 lakh crore would be required till FY22 to build the additional electricity transmission system in the country, the National Electricity Plan (NEP) on transmission published by the Central Electricity Authority (CEA) said.

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Inadequate tariff revision in FY20 a concern for discoms, says Icra

Inadequate tariff revision in FY20 a concern for discoms, says Icra

Inadequate revision of rates alongwith delay in filing tariff petitions are likely to remain an area of concern in the financial year 2020 for distribution companies (Discoms), says a report.

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Solar capacity addition to slow down till FY2019-20: Crisil

Solar capacity addition to slow down till FY2019-20: Crisil

India will add solar power capacity of 48-50 GW between fiscals 2019 and 2023. The total installed solar capacity will reach 70 GW by FY 2023. Of this, 8 GW will come from rooftop projects, led by high industrial and commercial tariffs and declining levelised cost of energy for solar rooftop projects—according to a report by ratings agency Crisil Research.

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Tardiness in tariff filings and inadequate tariff revision proposals negative for the power sector: ICRA

Tardiness in tariff filings and inadequate tariff revision proposals negative for the power sector: ICRA

Median tariff revision on an all India basis was subdued at 3% and 1% for FY2018 and FY2019 and it is likely to remain at similar levels for FY2020, ratings firm ICRA has predicted.

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Why Modi’s Solar Dream Is Faltering

Why Modi’s Solar Dream Is Faltering

Prime Minister Narendra Modi’s ambitious goal of building 100 gigawatts of solar capacity in India by 2022 is suffering as inconsistent government policies hurt solar developers’ sentiments

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55k schools in UP still don’t have power connections

55k schools in UP still don’t have power connections

Making a mockery of the government’s claims about providing power connections to all households in the state, the department of education seems to have forgotten to give connections to 55,000 primary and junior high schools in UP.

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Process to appoint dealers for 50,000 fuel pumps halted

Process to appoint dealers for 50,000 fuel pumps halted

State oil companies have paused the process to appoint dealers for about 50,000 petrol pumps following the release of election schedule to avoid any potential political landmine ahead of polls, people familiar with the matter said.

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General Elections 2019: Trends in petrol, diesel prices may upset poll prediction

General Elections 2019: Trends in petrol, diesel prices may upset poll prediction

It may not be smooth running for the ruling BJP-led NDA government in the coming elections if one measures electoral fortunes of political formations based on public perception built over rising fuel prices.

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Indian Oil Corporation Says Exploring Upstream Opportunities In Russia Despite Sanctions

Indian Oil Corporation Says Exploring Upstream Opportunities In Russia Despite Sanctions

Indian Oil Corporation (IndianOil) is examining upstream opportunities in Russia despite the western sanctions imposed on the country, IndianOil Chairman Sanjiv Singh told Sputnik on the sidelines of the CERAWeek conference in Houston, Texas.

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Norway fund's green shift may unsettle Reliance, ONGC, Indian Oil, Oil India

Norway fund's green shift may unsettle Reliance, ONGC, Indian Oil, Oil India

The decision of the world’s largest sovereign wealth fund to stop investing in oil and gas explorers globally may affect Indian companies, such as Reliance Industries Ltd (RIL), Oil and Natural Gas Corp. Ltd (ONGC), Indian Oil Corp.

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Rising oil prices, liquidity squeeze at banks will hit economic growth in FY20: CARE

Rising oil prices, liquidity squeeze at banks will hit economic growth in FY20: CARE

Most respondents in a CARE Ratings Survey on ‘Economic Perspective for 2019’ feel that the National Democratic Alliance (NDA) government will come back to power in 2019, either with a majority or in the form of a coalition with new allies.

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Buckling under US pressure, Modi govt warns Indian oil companies against importing Venezuelan crude

Buckling under US pressure, Modi govt warns Indian oil companies against importing Venezuelan crude

The Narendra Modi government has asked India’s oil companies to stop the purchase of Venezuelan crude, amid US’ sanctions on the administration of President Nicolas Maduro.

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Venezuela says breakdown in talks led to US pullout

Venezuela says breakdown in talks led to US pullout

The US says it is pulling its last remaining diplomats from Venezuela, saying their continued presence at the embassy in Caracas had become a "constraint" on US policy as the Trump administration aggressively looks to oust socialist President Nicolas Maduro.

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IRCTC heritage train travel at just Rs 10! Check details

IRCTC heritage train travel at just Rs 10! Check details

Indian Railways has a rich history of over 160 years which is why it occupies a special place within the national heritage spectrum of the country. Over the years, railways have been endeavouring sustained and focused approach for safeguarding its industrial as well as living heritage

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Mumbai teen siblings stabbed, in hospital

Mumbai teen siblings stabbed, in hospital

MMRDA has shifted the proposed viaduct for the Metro 2B corridor at Bandra-Kurla Complex reportedly due to security concerns as Shiv Sena chief Uddhav Thackeray's Matoshree bungalow is located close to the site.

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Auto lock baffles commuters of Tejas Express

Auto lock baffles commuters of Tejas Express

The automatic door lock system introduced in Chennai Egmore - Madurai Tejas Express has left passengers in a fix. The doors get locked automatically five minutes before the departure of the train from originating stations.

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Western Railway earns Rs 116.86 cr from ticket-less travellers in 11 months

Western Railway earns Rs 116.86 cr from ticket-less travellers in 11 months

The Western Railway (WR) Tuesday said that it has earned Rs 116.86 crore from ticket-less travellers in the last eleven months. The WR detected 25.17 lakh cases of ticket-less or irregular travel, including cases of unbooked luggage

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Delhi Metro Red Line: Why commuters on Dilshad Garden-New Bus Adda section should check this before boarding

Delhi Metro Red Line: Why commuters on Dilshad Garden-New Bus Adda section should check this before boarding

Delhi Metro Red Line: Check the destination before embarking on what could be an incomplete journey! Delhi Metro commuters taking the Delhi Metro Red Line to travel between Delhi and Ghaziabad take note!

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