​GOOD MORNING INDIA!

November 14, 2018, Wednesday

LATEST NEWS UPDATES ON ENERGY AND INFRASTRUCTURE FROM ACROSS THE MEDIA SPACE

Straight Talk: Minister Piyush Goyal Warns On Slipping of Global Economy Sans Efforts To Promote Green Energy And Reducing Emissions

Straight Talk: Minister Piyush Goyal Warns On Slipping of Global Economy Sans Efforts To Promote Green Energy And Reducing Emissions

Union Power Minister Piyush Goyal cautioned on Monday that the global economy could slip into deceleration if efforts to promote green energy and reduce emissions are not quickened. He spoke of the importance of 3Ds -- de-carbonisation, more decentralisation .

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Fitch Group’s Research Arm Raises Renewable Capacity Projection

Fitch Group’s Research Arm Raises Renewable Capacity Projection

A Fitch Group Company BMI Research has said India might add 20 per cent more renewable capacity by 2026 than its previous forecast.

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NB Gupta Is PFC's New Director Finance

NB Gupta Is PFC's New Director Finance

NB Gupta has taken over as finance director in Power Finance Corporation (PFC), the company said in a statement. Gupta has more than 30 years of experience in power sector.

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Tata Power Sets Up First EV Charging Station In Mumbai

Tata Power Sets Up First EV Charging Station In Mumbai

Tata Power has installed its first electric vehicle charging station at Tata Power Receiving Station at Vikhroli, Mumbai, marking its foray into infrastructure development for battery-charged vehicles.

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NTPC Seeks Shareholder Approval To Raise Rs 15K Cr Via Bonds

NTPC Seeks Shareholder Approval To Raise Rs 15K Cr Via Bonds

State-owned power giant NTPC has sought shareholders approval to raise Rs 15,000 crore via non-convertible bonds on private placement basis domestically for capex, working capital and other corporate purposes.

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Appellate Tribunal For Electricity Upholds Cancellation Of Licences Of 3 Odisha Discom

Appellate Tribunal For Electricity Upholds Cancellation Of Licences Of 3 Odisha Discom

The Appellate Tribunal for Electricity (Aptel) has upheld cancellation of distribution licenses in Odisha for three companies for poor performance and financial trouble that hindered their operations.

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Vikram Solar China Office To Boost Asia-Pacific Presence

Vikram Solar China Office To Boost Asia-Pacific Presence

Vikram Solar has opened a new office at Yan’an W Road HongQiao, Shanghai, China, to leverage the region’s technological talent pool for supporting the company’s growth strategy.

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IBC Solar Signs PPA For 20 MW Odisha Project

IBC Solar Signs PPA For 20 MW Odisha Project

IBC Solar has signed a 25-year power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for 20 mw Odisha plant.

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SECI MD Selection: PESB Asks Renewable Energy Ministry For Appropriate Action

SECI MD Selection: PESB Asks Renewable Energy Ministry For Appropriate Action

Government head-hunter PESB has asked the renewable energy ministry to choose proper course of action for the selection of SECI MD as three candidates interviewed earlier were found unsuitable for the post.

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Germany’s IBC Solar Signs Contract For 20 MW Solar Plant In India

Germany’s IBC Solar Signs Contract For 20 MW Solar Plant In India

Germany based photovoltaics specialist IBC Solar has signed a Power Purchase Agreement (PPA) for a 20 MW AC solar plant with the Solar Energy Corporation of India (SECI).

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Andhra Pradesh Power Companies Adopt BharatQR

Andhra Pradesh Power Companies Adopt BharatQR

Two major power distribution companies of Andhra Pradesh have started acceptance of electricity bill payments digitally via BharatQR, becoming one of the first discom companies to adopt this mode of payment.

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Higher Subsidy Needed For India To Achieve Goal Of All Electric Mobility By 2030

Higher Subsidy Needed For India To Achieve Goal Of All Electric Mobility By 2030

India needs to increase subsidy for battery-charged vehicles if it wants to achieve the goal of all-electric mobility by 2032, says a research report.

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Global Crude Oil Price Of Indian Basket Was US$ 49.75 Per Bbl On 18.08.2017

Global Crude Oil Price Of Indian Basket Was US$ 49.75 Per Bbl On 18.08.2017

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 49.75 per barrel (bbl) on 18.08.2017.

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ONGC Board's Nod For Acquisition Of Govt Stake In HPCL

ONGC Board's Nod For Acquisition Of Govt Stake In HPCL

ONGC-HPCL merger plan moved a step ahead towards reality on Monday, with upstream major’s board granting approval to acquire the government’s 51.11 stake in the refining PSU.

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50 Per Cent Of Households In Odisha Under LPG Coverage: Dharmendra Pradhan

50 Per Cent Of Households In Odisha Under LPG Coverage: Dharmendra Pradhan

Union Petroleum and Natural Gas minister Dharmendra Pradhan said LPG coverage in Odisha has increased from 20 per cent in 2014 to 50 per cent of the households in the state which is about 150 per cent increase.

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Essar Oil-Rosneft Package

Biggest FDI In History, Essar Oil Sells Indian Assets To Russian Petroleum Giant Rosneft

Biggest FDI In History, Essar Oil Sells Indian Assets To Russian Petroleum Giant Rosneft

India's Essar Group Monday announced closure of $12.9 billion deal to sell its refining arm Essar Oil to a consortium led by Russian oil major Rosneft, boosting ties between the world's top oil producer and the fastest growing fuel consumer.

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Essar Oil Successfully Concludes 98.26% Stake Sale To Rosneft, Partners

Essar Oil Successfully Concludes 98.26% Stake Sale To Rosneft, Partners

Essar Oil said on Monday it has successfully concluded sale of 98.26 per cent to Rosneft and Trafigura-UCP consortium.

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Essar Group To Retire 67% Debt With Proceeds From Sale of Oil Biz

Essar Group To Retire 67% Debt With Proceeds From Sale of Oil Biz

Reeling under debts, Ruias-promoted Essar Group intends to lower 67 per cent of its consolidated debt by using proceeds received from sale of 98.26 per cent stake in Essar Oil to Rosneft and its partners which was concluded on Monday

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Mega Essar-Rosneft Deal Cheers Lenders, Boosts Company

Mega Essar-Rosneft Deal Cheers Lenders, Boosts Company

hashi and Ravi Ruia promoted Essar Group has concluded its biggest monetisation exercise by selling flagship Essar Oil to Russia's energy giant Rosneft and partners Trafigura and UCP Investment Group, providing relief to lenders.

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New Essar Oil Owners Focus On Assets Growth

New Essar Oil Owners Focus On Assets Growth

The Essar group on Monday announced completing the sale of Essar Oil to a Rosneft-led consortium for $12.9 billion. With the consortium taking over $5 billion as debt and working capital, banks can expect better debt servicing and repayment from Essar Oil.

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Rosneft Plans To Double Throughput Of Vadinar Refinery

Rosneft Plans To Double Throughput Of Vadinar Refinery

Russia’s Rosneft, the new promoter of Essar Oil, plans to double throughput of the Vadinar refinery and create petrochemical facility in the long term, said a company spokesperson.

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Ruias Barred From Refining, Fuel Retail Biz

Ruias Barred From Refining, Fuel Retail Biz

Ruias will never be able to re-enter the oil refining and retailing sector in the country as they have signed a non-compete pact with buyers of Essar Oil, Rosneft and its partners. 

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Dharmendra Pradhan Flags Off 11 Medical Units Of Mobile Health Vans

Dharmendra Pradhan Flags Off 11 Medical Units Of Mobile Health Vans

Union Minister Dharmendra Pradhan flagged off eleven Mobile Medical Units (MMUs) in Odisha’s Bhubaneswar.With an aim to provide healthcare in rural pockets, especially the inaccessible areas of the state, Pradhan plans to offer free primary services. The event took place yesterday.

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Shipping Ministry Seeks Govt Nod For Maritime Fund

Shipping Ministry Seeks Govt Nod For Maritime Fund

The Ministry of Shipping has sought the government’s approval for setting up a maritime development fund that will meet the financing needs of the entire maritime sector, including shipbuilding.

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Utkal Express Derailment: ‘Block Ka Time Nahin Hai, Gaadiyan Bahut Hain’

Utkal Express Derailment: ‘Block Ka Time Nahin Hai, Gaadiyan Bahut Hain’

An audio clip of a purported conversation between Khatauli station master Prakash Singh and a section controller for Northern Railway in Delhi.

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Train Accidents Have Declined In Last 3 Years: Rail Ministry

Train Accidents Have Declined In Last 3 Years: Rail Ministry

Under attack after the Utkal Express derailment, the railway ministry said today that there has been a decline in the number of train accidents in the last three years after it initiated a series of safety measures.

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Utkal Express Derailment: Why Suresh Prabhu Should Speed Up Railways' Track Renewal, Investments

Utkal Express Derailment: Why Suresh Prabhu Should Speed Up Railways' Track Renewal, Investments

Do we need bullet trains or just safer trains, even if they run slower? Saturday’s horrific accident which claimed over 20 lives and injured scores of others as the Puri-Haridwar-Kalinga Utkal Express derailed near Muzaffarnagar has again brought into focus the safety record of the Railways.

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China To Run World's Fastest Bullet Train From Sep 21

China To Run World's Fastest Bullet Train From Sep 21

China will run the world's fastest bullet train between Beijing and Shanghai at 350 kms per hour, covering the 1,250-km-long distance in just 4.5 hours from September 21, officials said today.

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