​GOOD MORNING INDIA!

June 22, 2018, Friday

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

STORY OF THE DAY

$2.5 Billion Rail Deal Still On, Clarifies Railways Minister After GE Warning

$2.5 Billion Rail Deal Still On, Clarifies Railways Minister After GE Warning

After General Electric warned that Prime Minister Narendra Modi's "Make In India" initiative will be hit and jobs are at stake if the Railways alters a $2.5 billion contract that includes the construction of a huge factory in Bihar, the ministry clarified on Wednesday evening that the project will carry on as planned and there is no question of closing it down.

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MUST READ

India Became World’s Fastest Growing Economy For Three Years In Row: Piyush On Yashwant’s Article

India Became World’s Fastest Growing Economy For Three Years In Row: Piyush On Yashwant’s Article

Union Minister Piyush Goyal on Wednesday refuted claims of Yashwant Sinha that Indian economy is on downward spiral.

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India Likely To Be $6 Trillion Economy In 10 Years: Morgan Stanley

India Likely To Be $6 Trillion Economy In 10 Years: Morgan Stanley

India is expected to be a $6 trillion economy — the third largest in the world — in the next 10 years, majorly helped by digitisation, says a report.

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Data Is The New Oil; India Has It In Abundance: Mukesh Ambani At IMC

Data Is The New Oil; India Has It In Abundance: Mukesh Ambani At IMC

Reliance Industries chairman, Mukesh Ambani on Wednesday said that the Indian economy in another 10 years would rank among top three economies of the world.

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PFC To Provide Rs 4,000 Crore For 4 GW Power Plant In Telangana

PFC To Provide Rs 4,000 Crore For 4 GW Power Plant In Telangana

State-run Power Finance Corp ( PFC) has committed financial assistance of Rs 4,009 crore to Telangana for setting up a 4,000 MW thermal power plant in Nalgonda district.

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Saubhagya Scheme To Create Additional Power Demand Of 28,000 MW In The Country

Saubhagya Scheme To Create Additional Power Demand Of 28,000 MW In The Country

The household electrification scheme ‘Saubhagya’ is expected to create an additional power demand of 28,000-mw in the country, helping the stressed power plants that are either idling or underutilised.

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FAQs On Pradhan Mantri Sahaj Bijli Har Ghar Yojana “Saubhagya”

FAQs On Pradhan Mantri Sahaj Bijli Har Ghar Yojana “Saubhagya”

Pradhan Mantri Sahaj Bijli Har Ghar Yojana –“Saubhagya” a new scheme was launched by the Prime Minister Narendra Modi to ensure electrification of all willing households in the country in rural as well as urban areas on 25th September, 2017.

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ABB To Buy GE’s Electrical Gear-Making Business For $2.6 Billion

ABB To Buy GE’s Electrical Gear-Making Business For $2.6 Billion

ABB is buying General Electric’s industrial solutions business for $2.6 billion, with an eye on competing with top player Schneider Electric in the U.S. market share for circuit breakers, switchgear and other low-voltage electrical equipment, as well as specialized lighting control and power supply equipment for data centers, hospitals and other critical facilities.

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Punjab Shuts Down Its Oldest Thermal Plant

Punjab Shuts Down Its Oldest Thermal Plant

Having generated electricity for 43 years to meet the power demand of Punjab, the Guru Nanak Dev Thermal Plant Bathinda today generated its last unit at 8:39 am before being shut down forever.

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No Free Power For Poor Under Saubhagya; Demand To Rise By 24GW

No Free Power For Poor Under Saubhagya; Demand To Rise By 24GW

The government today said power will not be provided free of cost to any category of consumer under the recently launched Saubhagya scheme, which aims to provide electricity to all.

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Energy From Evaporation Could Power Much Of US: Study

Energy From Evaporation Could Power Much Of US: Study

Evaporation from the lakes and reservoirs in the US could generate nearly 70 per cent of the power that the country currently produces, a study has found.

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Coal Ministry Directs For Fresh Study Of Underground Fire

Coal Ministry Directs For Fresh Study Of Underground Fire

A team of mines and fire experts would conduct fresh study on the status of the underground fire in the Dhanbad-Chandrapur railway line in Dhanbad Division of East Central Railway.

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NGT Annoyed Over Delay In Waste-To-Energy Plant At Srinagar

NGT Annoyed Over Delay In Waste-To-Energy Plant At Srinagar

The delay in commissioning of Jammu and Kashmir’s first waste-to-energy plant in Srinagar has miffed the National Green Tribunal which has warned the state government of slapping an exemplary cost for taking “unjustifiable” adjournments in the matter.

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PM Modi's 'Saubhagya' Scheme: Whose Fortunes Will It Brighten?

PM Modi's 'Saubhagya' Scheme: Whose Fortunes Will It Brighten?

Prime Minister Narendra Modi, while addressing a gathering recently, stressed on “Power for All” by illustrating a very interesting fact that despite the fact that light bulb was invented by Thomas Edison

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Reliance Power Eyes Financial Closure Of LNG-Fired Power Plant

Reliance Power Eyes Financial Closure Of LNG-Fired Power Plant

Reliance Power is eyeing the financial closure of USD 1 billon for its LNG-fired plant in Bangladesh by the end of 2017-18, reported a leading business daily.

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India To Develop Energy Network In Rakhine State Of Myanmar

India To Develop Energy Network In Rakhine State Of Myanmar

India is very keen to explore the shared future in energy network along with three key neighbouring countries, Bangladesh, Myanmar and Nepal.

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Tamil Nadu Starts Signing MOUs For 1.5 Gw Of Solar Parks

Tamil Nadu Starts Signing MOUs For 1.5 Gw Of Solar Parks

The government of Tamil Nadu will this month sign contracts with 16 solar power developers under a plan to add 1,500 MW of photovoltaic (PV) capacity in the Indian state.

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Alstom, Siemens To Merge Rail Businesses To Counter China's CRRC

Alstom, Siemens To Merge Rail Businesses To Counter China's CRRC

German industrial group Siemens AG and French rival Alstom SA agreed to merge their rail operations, creating a European champion to better withstand the international advance of China's state-owned CRRC Corp Ltd.

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JSW Energy Plans Rs 4,000-Crore Electric Car Unit In Gujarat

JSW Energy Plans Rs 4,000-Crore Electric Car Unit In Gujarat

JSW Energy has signed a memorandum of understanding (MoU) with the Gujarat government to set up India’s first manufacturing electric cars unit.

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NTPC Fully Commissions Rojmal Wind Energy Project

NTPC Fully Commissions Rojmal Wind Energy Project

NTPC informed that the 50 MW capacity, Rojmal wind energy project of NTPC Limited in Gujarat has been fully commissioned.

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Gujarat Set To Become India’s First Electric Vehicle Hub

Gujarat Set To Become India’s First Electric Vehicle Hub

Gujarat was late when it came to assuming the mantle of India’s Detroit. But that race was for vehicles running on internal combustion engines.

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Modi's Reheated Electricity Scheme Won't Fix Meter Reading Woes

Modi's Reheated Electricity Scheme Won't Fix Meter Reading Woes

The new scheme announced by Prime Minister Narendra Modi on Monday to provide power connections to four crore households that lack access to electricity is basically a repackaging of the UPA regime’s Rajiv Gandhi Grameen Vidutikaran Yojana

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Azure Power Wins 260 Mw Solar Power Project In Gujarat

Azure Power Wins 260 Mw Solar Power Project In Gujarat

Azure Power (NYSE: AZRE), a leading independent solar power producer in India, announced that it has won a 260 MW solar project in an auction conducted by Gujarat Urja Vikas Nigam Ltd (GUVNL).

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India Will Have 50,000 Km Highways Network In 2 Yrs, Says Government

India Will Have 50,000 Km Highways Network In 2 Yrs, Says Government

The highways network in the country will be of 50,000 kilometres over the next two years, the government said today.

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PM Narendra Modi Reseizes Development-governance Initiative With Launch Of ‘Saubhagya’

PM Narendra Modi Reseizes Development-governance Initiative With Launch Of ‘Saubhagya’

The launch of the ‘Saubhagya’ scheme to provide 24x7 electricity to every home in the country, including that last hut in that far corner of India, saw Prime Minister Narendra Modi once again going for the jugular.

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After Saubhagya, Will Theft Of Electricity Decline; What Centre Expects India To Do

After Saubhagya, Will Theft Of Electricity Decline; What Centre Expects India To Do

The government expects that power thefts one of the primary reasons behind high aggregate technical and commercial (AT&C) losses of discomsto come under check after the implementation of the Saubhagya scheme.

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Global Crude Oil Price Of Indian Basket Was US$ 57.18 Per Bbl On 26.09.2017

Global Crude Oil Price Of Indian Basket Was US$ 57.18 Per Bbl On 26.09.2017

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$ 57.18 per barrel (bbl) on 26.09.2017.

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Oil Prices Near 26-Month High, OMCs And Aviation Stocks Decline

Oil Prices Near 26-Month High, OMCs And Aviation Stocks Decline

Shares of oil marketing companies (OMCs) and aviation firms have declined this month as oil prices rallied which could dent their margins.

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We Plan To Put All Petroleum Products On E-commerce Platform: Dharmendra Pradhan

We Plan To Put All Petroleum Products On E-commerce Platform: Dharmendra Pradhan

Trying to leverage the benefits of information technology, the government is planning to put all petroleum products on the e-commerce platform, Oil Minister Dharmendra Pradhan said on Wednesday.

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India Needs To Double Refining Capacity By 2040 To Meet Fuel Demand Growth

India Needs To Double Refining Capacity By 2040 To Meet Fuel Demand Growth

India needs to double its refining capacity by 2040 to meet rising fuel demand as an expanding middle class buys more passenger vehicles and its economy grows, a top refinery official said on Wednesday.

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India May Offer Up To 60 Per Cent Stakes In Producing Fields To Private Companies: Sources

India May Offer Up To 60 Per Cent Stakes In Producing Fields To Private Companies: Sources

India plans to offer stakes of up to 60 percent in oil and gas fields owned by state energy companies that are already under production to private firms, said five government and company sources with knowledge of the matter.

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ONGC May Look At Selling Stake In Other PSUS To Fund HPCL Acquisition

ONGC May Look At Selling Stake In Other PSUS To Fund HPCL Acquisition

Oil and Natural Gas Corporation (ONGC), India's state-run petroleum explorer, may look at selling its existing stake in other Public Sector Undertakings (PSUs) to partly fund a planned acquisition of downstream refiner Hindustan Petroleum Corp (HPCL).

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Indore: IOC To Remove Fuel Depot From City, Lay Rs 300 Cr Supply Line

Indore: IOC To Remove Fuel Depot From City, Lay Rs 300 Cr Supply Line

Already hassled by the skyrocketing prices of petrol and diesel, citizens are likely to suffer one more jolt as the city will soon have to depend on fuel supply by trucks from Bhopal instead of the usual large railway wagons

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Taxes On Petroleum Products Fetch Government Rs 2.67 Lakh Crore

Taxes On Petroleum Products Fetch Government Rs 2.67 Lakh Crore

Crude oil prices in the international market have come substantially down, but surprisingly the prices of petroleum products in India are on the rise, pinching the common man's pocket.

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Brent Oil Edges Up, Near 26-Month High Amid Supply Concerns

Brent Oil Edges Up, Near 26-Month High Amid Supply Concerns

Brent oil prices rose on Wednesday to sit not far off 26-month highs hit in the previous session amid threats from Turkey that it could cut crude exports from Iraq’s Kurdistan region.

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India Will Have 50,000 Km Highways Network In 2 Yrs, Says Government

India Will Have 50,000 Km Highways Network In 2 Yrs, Says Government

The highways network in the country will be of 50,000 kilometres over the next two years, the government said today.

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India Japan Cooperation In Rail Safety

India Japan Cooperation In Rail Safety

Taking the technical cooperation in Rail Safety ahead, a team/ Mission of Safety experts from Japan concluded its second visit early this month.

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In Six Months, Magenta Line To Connect IGI Budget Flyers Directly With Capital

In Six Months, Magenta Line To Connect IGI Budget Flyers Directly With Capital

By March next year, domestic Terminal 1 of Indira Gandhi International airport would get direct Metro connectivity.

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Areal Locals Oppose Rlys Track Project

Areal Locals Oppose Rlys Track Project

Residents of Sao Jose de Areal on Tuesday prevented railway officials from demarcating land in the village for the South Western Railway's (SWR) double-tracking project.

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16 Coaches Of Goods Train Derail Near Nergundi Station In Odisha, Rail Traffic Hit

16 Coaches Of Goods Train Derail Near Nergundi Station In Odisha, Rail Traffic Hit

At least 16 coaches of a goods train derailed near Nergundi Station in Alarpur in Odisha. The incident, reported today at around 4 in the morning, has affected the rail traffic.

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August Kranti Or Rajdhani Express To Get CCTV Cameras By January

August Kranti Or Rajdhani Express To Get CCTV Cameras By January

PASSENGERS travelling on August Kranti Rajdhani Express and Mumbai Rajdhani Express could be assured of a watchful eye on their belongings next year onwards as the Western Railway (WR) authorities have said each coach of either train may be fitted with one or more CCTV cameras soon.

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Govt Plans To Get More Python Trains To Make Transportation Of Goods More Convenient

Govt Plans To Get More Python Trains To Make Transportation Of Goods More Convenient

The Python and Anaconda trains are running across India to ferry goods at long-distances, making transportation of goods extremely convenient.

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Reliance Infra To Participate In Government's Bullet Train Project

Reliance Infra To Participate In Government's Bullet Train Project

Infrastructure major Reliance Infrastructure on Tuesday said it will participate in the "very ambitious" Rs 1 lakh crore bullet train project of the Indian Railways.

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