​GOOD MORNING INDIA!

November 16, 2018, Friday

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

Second Auction Of Wind Power Projects: Tariff Tumbles To Rs 3.42 A Unit

Second Auction Of Wind Power Projects: Tariff Tumbles To Rs 3.42 A Unit

Six months after the first auction of projects, the second one has seen wind power tariff falling to a record low of Rs 3.42 per unit.

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Govt Mops Up Rs 9,100 Cr Through NTPC OFS

Govt Mops Up Rs 9,100 Cr Through NTPC OFS

The government has raised Rs 9,000 crore through a share sale in power utility NTPC. The investor demand for the offer for sale (OFS) fell short as the centre had put on block a total of Rs 13,800 crore worth of shares.

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India Bars States From Independently Exiting, Modifying Solar Projects

India Bars States From Independently Exiting, Modifying Solar Projects

India has barred state authorities from unilaterally cancelling or modifying solar power purchase agreements (PPAs) after six state governments in last two months pushed developers to lower tariffs, threatening to derail projects worth $7.5 billion.

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ABB India Achieves 5 Gigawatt Milestone For Solar Inverters

ABB India Achieves 5 Gigawatt Milestone For Solar Inverters

ABB India has achieved the 5 gigawatt milestone for solar inverters. From schools to airports, canal tops and mega solar plants, ABB's solar inverters power solar installations across the country.

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Coal India: Who Will Head The Maharatna

Coal India: Who Will Head The Maharatna

As Sutirtha Bhattacharya, chairman-cum-managing director (CMD) of Coal India, heads towards retirement this month, the face of the company is yet to be finalised.

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ReGen Bids A Record Low Tariff Of Rs 3.42/unit At Tamil Nadu Wind Energy Auction

ReGen Bids A Record Low Tariff Of Rs 3.42/unit At Tamil Nadu Wind Energy Auction

Tamil Nadu Generation & Distribution Co’s (Tangendco) wind energy auction generated a record low tariff of Rs 3.42 per unit, which the central government said is a positive development that will encourage distribution companies to buy more renewable power.

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NTPC: Waiting For The Godot Moment

NTPC: Waiting For The Godot Moment

The investment case for NTPC Ltd’s offer for sale is quite simple. The company operates on a regulated RoE (return on equity) business model and it has a capacity addition pipeline no other power generation company in India can boast of.

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Inox Wind Closes 100 MW Deal With Adani Green Energy

Inox Wind Closes 100 MW Deal With Adani Green Energy

Wind energy solution provider, Inox Wind has bagged an order from Adani Green Energy to develop a 100 MW wind power project in Gujarat.

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Mitsui Eyes Indian Solar JV - Report

Mitsui Eyes Indian Solar JV - Report

Japanese trader Mitsui & Co Ltd (TYO:8031) plans to pour almost JPY 1 billion (USD 9.1m/EUR 7.6m) in Indian renewable project developer OMC Power Pvt Ltd and form a solar power joint venture (JV), the Nikkei Asian Review writes today.

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Wind Power Tariff Hits New Low; What This Means To Concerned Parties

Wind Power Tariff Hits New Low; What This Means To Concerned Parties

The price of wind-based electricity touched a new low of Rs 3.42 per unit at the auctions held on Tuesday by Tamil Nadu’s state-owned electricity distribution company, Tangedco.

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NTPC Signs Term Loan Of Rs. 3000 Crore With ICICI Bank Ltd.

NTPC Signs Term Loan Of Rs. 3000 Crore With ICICI Bank Ltd.

A term loan agreement for Rs.3000 Crore was signed with ICICI Bank Ltd on 29.08.2017.The loan has a door to door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC.

 

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Inox Wind Inks Pact With Adani Green Energy

Inox Wind Inks Pact With Adani Green Energy

Inox Wind has closed a deal for developing a 100MW wind power project for Adani Green Energy, a part of the Adani group at Kutch in the state of Gujarat.

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India Dodgy Contracts Record Risks Turning Away Investors

India Dodgy Contracts Record Risks Turning Away Investors

Falling renewable energy tariffs in India have prompted some state governments to tell generators that they can’t buy the energy at prices agreed upon, exposing the businesses to risks due to poor enforcement of contracts in Asia’s third-largest economy.

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Arinsun Clean Energy To Develop 250 MW Solar Park At Rewa

Arinsun Clean Energy To Develop 250 MW Solar Park At Rewa

Actis Energy Fund-backed Arinsun Clean Energy Private Limited will develop a 250 MW solar park at a cost of $200 million at the Rewa Ultra Mega Solar Park in Madhya Pradesh.

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‘Logistics Efficiency Holds The Key To CIL’s Growth’

‘Logistics Efficiency Holds The Key To CIL’s Growth’

According to Coal India Ltd’s (CIL) outgoing Chairman Sutirtha Bhattacharya, trimming logistics costs will help the miner grow in the long run.

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Global Crude Oil Price Of Indian Basket Was US$ 50.56 Per Bbl On 29.08.2017

Global Crude Oil Price Of Indian Basket Was US$ 50.56 Per Bbl On 29.08.2017

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$ 50.56 per barrel (bbl) on 29.08.2017.

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No Relief: Government Rules Out Excise Duty Cut On Petrol And Diesel

No Relief: Government Rules Out Excise Duty Cut On Petrol And Diesel

Oil Minister Dharmendra Pradhan has ruled out a reduction in excise duty to bring relief to petrol and diesel consumers after prices sharply rose in the past two months.

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ONGC To Seek Shareholders' Nod To Raise Rs 25,000 Crore For HPCL Buy

ONGC To Seek Shareholders' Nod To Raise Rs 25,000 Crore For HPCL Buy

Oil and Natural Gas Corp (ONGC) will soon seek shareholders’ approval to raise a debt of Rs 25,000 crore to fund the planned acquisition of Hindustan Petroleum Corp (HPCL).

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Swachhta Pakhwada Celebrated Successfully Across The Country By The Ministry Of Petroleum & Natural Gas

Swachhta Pakhwada Celebrated Successfully Across The Country By The Ministry Of Petroleum & Natural Gas

Ministry of Petroleum & Natural Gas (MoPNG), its attached offices and Oil & Gas CPSEs under the administrative control of MoPNG celebrated Swachhta Pakhwada fortnight with full zeal from 16th July 2017 – 31st July, 2017.

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Reliance Industries, IGL, IOCL Are Edelweiss Top Picks In Oil And Gas Sector

Reliance Industries, IGL, IOCL Are Edelweiss Top Picks In Oil And Gas Sector

The oil & gas sector remained a bright spot in an otherwise subdued quarter for the overall market, reporting 3% y-o-y PAT growth (ex-OMCs) versus 4% decline for NIFTY.

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Bullet Train Between Ahmedabad-mumbai To Travel At 320 Kmph, Cover 508 Km Trip In Just 2 Hrs; Bhoomi Puja By Modi-abe

Bullet Train Between Ahmedabad-mumbai To Travel At 320 Kmph, Cover 508 Km Trip In Just 2 Hrs; Bhoomi Puja By Modi-abe

The groundbreaking ceremony for the ambitious Mumbai-Ahmedabad High Speed Rail Project, commonly referred to as the bullet train project, will be performed here on September 14 by Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe, officials said today.

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Kalinga Utkal Express Derailment: After GRP Investigation, Railways Takes Action Against 13 Employees

Kalinga Utkal Express Derailment: After GRP Investigation, Railways Takes Action Against 13 Employees

Indian Railways on Wednesday ‘removed’ as many as 13 of its employees from service in connection with the Kalinga Utkal Express derailment which took place near Muzaffarnagar in Uttar Pradesh earlier this month, reported ANI.

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Northern Railways Cancels 16 Trains To Maharashtra

Northern Railways Cancels 16 Trains To Maharashtra

In view of the heavy rains in Maharashtra, Northern Railways on Wednesday cancelled 16 trains to and from the state.

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Another Jolt To Railways, Howrah-Dehradun Doon Express Detaches From Engine

Another Jolt To Railways, Howrah-Dehradun Doon Express Detaches From Engine

The bogies of Howrah-Dehradun Doon Express were today separated from the engine after a clipping was reportedly broken at Jaunpur in Uttar Pradesh, as per ANI.

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Worried By Accidents, Railway Panel Bats For More Power To DRMs

Worried By Accidents, Railway Panel Bats For More Power To DRMs

Taking stock of the series of derailments this month, the draft report of a committee set up by Railways Minister Suresh Prabhu recommends that divisional railway managers (DRMs) be more empowered to take decisions, particularly in emergencies.

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At The Crack Of Dawn, Mumbai Office-Goers Prepare To Leave For Home

At The Crack Of Dawn, Mumbai Office-Goers Prepare To Leave For Home

Just before the first light of dawn at 4.30 am, office-goers stranded at their workplaces--which got converted into makeshift dormitories for the night--made their way to the Churchgate station in south Mumbai to reach home.

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Suburban Train Services On CSMT-kalyan Section Start

Suburban Train Services On CSMT-kalyan Section Start

Suburban train services on the Central Railway (CR) mainline resumed this morning after remaining suspended for nearly 20 hours due to heavy downpour.

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