​GOOD MORNING INDIA!

September 24, 2018, Monday

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

Don’t Overlook Coal's Continued Importance

Don’t Overlook Coal's Continued Importance

Contrary to popular opinion, coal is still critically important to meeting our nation’s energy needs. Coal is America’s number one source of electricity, accounting for 32 percent of electricity production

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OPINION: In Bizarre Twist, Coal May Become A Scarce Commodity

OPINION: In Bizarre Twist, Coal May Become A Scarce Commodity

The idea of coal as a scarce commodity seems somewhat preposterous given it remains one of the most abundant mineral resources on the planet, but the coming years may see a deficit in seaborne markets for the polluting fuel.

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Indian MPs To Visit Chicago University Seeking Solutions For Energy Challenges

Indian MPs To Visit Chicago University Seeking Solutions For Energy Challenges

Aiming to fast-track solutions for India’s diverse energy challenges, a delegation of Members of Parliament (MPs) from India are visiting the University of Chicago.

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Former Tesla Director To Open EV Battery Manufacturing Facility In India

Former Tesla Director To Open EV Battery Manufacturing Facility In India

Octillion Power Systems, the US-based manufacturer of advanced energy storage systems for electric vehicles (EVs) and power grids, today announced its foray into the fast-growing Indian market.

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Tri Global Energy On Top Spot For Wind Projects In Texas For 11 Consecutive Quarters

Tri Global Energy On Top Spot For Wind Projects In Texas For 11 Consecutive Quarters

Tri Global Energy, a leading U.S. originator and developer of utility-scale wind energy projects, has maintained its first-place position as the leading developer of wind energy projects under construction in Texas

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thermal power plants

Coal Ministry Augments Fuel Supply To States With Critical Stocks

The coal ministry has drafted a coal supply augmentation plan to supply 730,000 tonne of fuel on a priority basis to multiple states in a bid to tackle shortages at thermal power plants.

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Azure Power

Dr R.P. Singh Joins Azure Power’s Board Of Directors

Azure Power (NYSE: AZRE), a leading independent solar power producer in India, announced that Dr R. P. Singh, former Chairman and Managing Director (CMD) of Power Grid Corporation, a Government of India Enterprise

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Adani and Vedanta

Vedanta, Adani May Bid For $9 Billion Indian Diamond Mine Left By Rio

Indian resources conglomerates Adani and Vedanta are considering bidding for a $9 billion diamond project in the country that was abandoned by global miner Rio Tinto this year, according to multiple sources with knowledge of the matter.

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Solar Projects

Still No Takers For One Of India’s Cheapest Solar Projects

Solairedirect, an international solar developer backed by French energy major Engie, is currently behind schedule for setting up a 250 megawatt solar power project in the Indian state of Andhra Pradesh as there are no buyers identified for the power to be generated.

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power sector

There Is No Such Thing As Free Electricity: RK Singh

Unveiling the road map for structural reforms in the power sector, power and new and renewable energy minister Raj Kumar Singh on Thursday pitched for leveraging the direct benefits transfer (DBT) scheme in the electricity sector for better targeting of subsidies.

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ABB India Trips

ABB India Trips On Regulatory And Policy Obstacles In September Quarter

ABB India Ltd’s September quarter results fell short of the Street’s estimates on all counts. Except for its services division and exports doing well, a large part of the company’s domestic business slowed because of the impact of the goods and services tax (GST) and regulatory changes.

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Energy Deal

Asian Energy Deal Defies Green Resistance

The $5 bln sale of Equis solar and wind projects in Australia, Japan and beyond to a global fund group sets a new benchmark.

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Petrol, Diesel Prices To Rise Sharply? Crude Oil Rallies Just Below $60 A Barrel, Highest Since Mid-2015

Petrol, Diesel Prices To Rise Sharply? Crude Oil Rallies Just Below $60 A Barrel, Highest Since Mid-2015

Oil prices fell on Friday after Brent rallied to just below $60 a barrel the previous session but support from Saudi Arabia’s crown prince for extending OPEC-led output cuts created a floor.

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GAIL-REU

Indian Oil Aims 13.5 Mn Tonnes Of LNG Import Capacity In 5 Years

State-owned Indian Oil Corp Ltd aims to have 13.5 million tonnes of liquefied natural gas (LNG) import capacity in five years, head of business development G K Satish said on Friday, as India moves toward a gas-based economy under Prime Minister Narendra Modi

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Crude Oil Price

Global Crude Oil Price Of Indian Basket Was Us$ 56.92 Per Bbl On 26.10.2017

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$ 56.92 per barrel (bbl) on 26.10.2017.

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India To Attract $300bn In Next 10 Years In Oil And Gas Sector: Dharmendra Pradhan

India To Attract $300bn In Next 10 Years In Oil And Gas Sector: Dharmendra Pradhan

Union Petroleum Minister Dharmendra Pradhan on Wednesday said that Indian oil and gas sector will attract more than 300 billion dollar investment in next 10 years as it will remain the most attractive market for the energy.

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ONGC Proposes To Partner In Building Nuclear Reactors: Minister Jitendra Singh

ONGC Proposes To Partner In Building Nuclear Reactors: Minister Jitendra Singh

In a bid to push nuclear power development in India, the state-run Oil and Natural Gas Corporation (ONGC) has submitted a plan to collaborate with the Nuclear Power Corp for setting up reactors, Minister of State in the Prime Minister's Office Jitendra Singh said on Friday.

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ONGC Proposes To Partner In Building N-reactors: Minister

ONGC Proposes To Partner In Building N-reactors: Minister

In a bid to push nuclear power development in India, the state-run Oil and Natural Gas Corporation (ONGC) has submitted a plan to collaborate with the Nuclear Power Corp for setting up reactors, a minister said on Friday.

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Indian Oil Corporation

Indian Oil Q2 Profit Up 18.4% To Rs 3,696 Crore; GRM Falls To $6.08

State-owned refining and marketing major, Indian Oil Corporation (IOC) on Friday reported an 18.4% year-on-year (YoY) rise in net profit at Rs 3,696.29 crore for the quarter ended September 30.

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$25.2 Bn Investment Committed In Petroleum And Gas: Dharmendra Pradhan

$25.2 Bn Investment Committed In Petroleum And Gas: Dharmendra Pradhan

Out of the cumulative investments of $40 billion expected in India's petroleum and gas industry in the next four to five years, over $25.2 billion has already been committed under production sharing contract

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crude oil

Oil & Gas: Govt May Hand Over Majority Stake In 15 PSU-Run Fields To Pvt Firms

India has identified 15 discovered fields — with collective reserve of 791.2 million tonnes of crude oil and 333.46 billion cubic metres of gas

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oil and gas sector

India Plans Policies To Boost Foreign Participation In Oil & Gas

India will announce new policies to help global companies participate more in its oil and gas sector, Oil Secretary K.D. Tripathi said on Thursday.

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OID Cess Despite

Narendra Modi Continues With OID Cess Despite Calls To Drop It; Now Oil Import Reduction Under Threat

On October 9, 2017, the prime minister invited the chief executives of major oil companies and energy experts to discuss how best to encourage higher exploration and production (E&P) in India to meet the target of reducing oil imports by 10%.

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Oil prices

Oil Markets Tighten, Brent Approaches $60 Per Barrel

Oil prices inched higher on Friday, with Brent crude approaching $60 a barrel amid tightening market expectations, buoyed by comments from Saudi Arabia's Crown Prince backing the extension of OPEC-led output cuts.

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Agartala To Delhi Rajdhani Express To Be Flagged Off Tomorrow; 10 Facts To Know About It

Agartala To Delhi Rajdhani Express To Be Flagged Off Tomorrow; 10 Facts To Know About It

The highly awaited Agartala to Delhi Rajdhani Express will be officially flagged off tomorrow from the Agartala railway station by Minister of State for Railways Rajen Gohain.

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Cos With Net Worth Of Rs 1,000 Cr Can Propose Resolutions For Jaypee Infra

Cos With Net Worth Of Rs 1,000 Cr Can Propose Resolutions For Jaypee Infra

Applications have been invited from corporate entities for submission of resolution plan for the debt-laden Jaypee Infratech under the insolvency law, according to a public notice.

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Rail Line For Coal Evacuation From Sundargarh By Dec

Rail Line For Coal Evacuation From Sundargarh By Dec

The ambitious rail line project of the Mahanadi Coalfields Ltd (MCL) between Jharsuguda and Sardega (in Sundargarh district) to evacuate enhanced quantity of coal from Basundhara Area of MCL in Hemgir block is likely to start operation by December.

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Tripura Upbeat, Gets A Rajdhani Express, Though Only Once A Week

Tripura Upbeat, Gets A Rajdhani Express, Though Only Once A Week

The people of Tripura, a state that is bound by Bangladesh on three sides, has a new reason to rejoice: Agartala, capital of the landlocked state tucked far away in the southern corner of the Northeastern region will have a Rajdhani Express to the national capital from Saturday

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Rs 800 Crore Railway Coach Factory To Come Up Near Hyderabad

Rs 800 Crore Railway Coach Factory To Come Up Near Hyderabad

Medha Servo Drivers, a manufacturer of propulsion systems, will set up a railway coach factory near Hyderabad with an investment of Rs 800 crore, a Telangana minister said on Friday.

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Navi Mumbai, Karwar Ports Get Funds For Coastal Shipping

Navi Mumbai, Karwar Ports Get Funds For Coastal Shipping

The Union ministry of shipping has sanctioned grants under the Sagarmala Coastal Berth Scheme for Jawaharlal Nehru port (JNP) at Navi Mumbai and Karwar port in Karnataka.

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Rail Safety Fund Of Rs 1 Lakh Crore To Be Used In 2 Years: Piyush Goyal

Rail Safety Fund Of Rs 1 Lakh Crore To Be Used In 2 Years: Piyush Goyal

Laying emphasis on rail safety, a fund of Rs 1 Lakh crore will be used during 2 years. Union Railway Minister Piyush Goyal on Thursday said that as envisaged earlier the proposed Rs 1 lakh crore rail safety fund- Rashtriya Rail Sanraksha Kosh will be used over the next 2 years instead of 5 years.

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A Suburban Railway Network For Bengaluru On Cards: Piyush Goyal

A Suburban Railway Network For Bengaluru On Cards: Piyush Goyal

The Railways is working on a proposal to create a suburban railway network for Bengaluru, much like the one in Mumbai, to decongest the city and link it to the airport, Railway Minister Piyush Goyal said today.

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World’s First Hydrogen Tram Begins Operation In China

World’s First Hydrogen Tram Begins Operation In China

The world’s first hybrid electric tram powered by hydrogen fuel cells has started running in China, marking a big step in the application of green energy in public transport.

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IMS Foundation - Laghu Udyog Bharati To Organize India Manufacturing Show 2017

IMS Foundation - Laghu Udyog Bharati To Organize India Manufacturing Show 2017

The fourth edition of the India Manufacturing Show (IMS) 2017 is to take place on 30th October till 1st November 2017 at Bengaluru International Exhibition Centre (BIEC).

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In A First, Indian Railways Invites Bids For Rail Tracks From Private Steel Producers

In A First, Indian Railways Invites Bids For Rail Tracks From Private Steel Producers

The Indian government has for the first time floated a tender to procure rails, which was until now a monopoly of state-owned Steel Authority of India (SAIL).

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Asia's Oldest Railway Opens Door To Private Steel Producers

Asia's Oldest Railway Opens Door To Private Steel Producers

Indian Railways has floated a global tender to procure rails, a move that may end the monopoly of state-run supplier Steel Authority of India Ltd. as Asia’s oldest network seeks to plug a supply shortfall.

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Railways Set To Ditch Diesel And Save Rs 10,000 Crore While Going Green

Railways Set To Ditch Diesel And Save Rs 10,000 Crore While Going Green

The 66,000-km Indian railway network, which is also the world’s largest, is planned to be entirely electrified by 2021.

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MIHAN

Slow Pace Of Industrialization In Nagpur: Is Political Will Lacking?

As the BJP-led government turns three on October 31, the chief minister’s much-touted agenda of improving the investment climate in the state remains a work in progress.

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Anand Vihar Terminal

Six Lakh People Descended On New Delhi Station Per Day This Festive Season, Says Railways

A total of six lakh passengers descended on the New Delhi Railway Station per day this festive season, an official statement said. Anand Vihar Terminal

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Steel Manufacturers

Indian Railways Opens Door To Private Steel Manufacturers

Indian Railways has floated a global tender to procure rails, a move that may end the monopoly of state-run supplier Steel Authority of India Ltd. as Asia’s oldest network seeks to plug a supply shortfall.

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Agartala Rajdhani Express

Agartala Rajdhani Express Inaugural Run Tomorrow

The much awaited Rajdhani Express would be formally flagged off from Agartala railway station by Minister of State for Railways Rajen Gohain tomorrow, official sources said.

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Metro Corridor Gap

Metro Corridor Gap To Be Bridged

The construction of 14 piers, absence of which left the Metro's north-south corridor suspended for last seven years, is all set to begin.

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Bandra station

Flames Reach FOB, Singe Ticket Counter

The fire at shanties near Bandra station almost spread to the foot overbridge (FOB) on Thursday.

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Metro Rail project

Metro Man Of India Reviews Progress Of HMR

Father of metro rail revolution and ‘Metro Man of India’ Dr E Sreedharan visited Metro Rail Bhavan here on Thursday and discussed the progress of Hyderabad Metro Rail project with MD, HMRL, NVS Reddy.

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Konkan Railway Route

Derailment Disrupts Trains On Konkan Railway Route

Train traffic on the Konkan Railway route was disrupted after a front trolley of the locomotive of train No. 12224 Ernakulam- Lokmanya Tilak Terminus Duronto Express was derailed between Sawantwadi and Zarap stations of Ratnagiri region Thursday afternoon.

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railway stations

Railways To Build Bridges With Locals

Before long, one may get to see classrooms at railway stations where local youths are taught technical skills.

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Railway, solar plants

Railways' First Set Of Solar Plants To Be Launched On Friday

The Railway's first set of solar plants with a total capacity of 5 megawatt peak (MWp) will be launched in Delhi on Friday by Railway Minister Piyush Goyal, officials said today.

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Public Bus Transport

How Poor Operational Efficiency Bleeds India’s Public Bus Transport Undertakings

Travelling by public transport vehicles in India is not a pleasant experience, and for good reason. A majority of the buses run by its state road transport undertakings (SRTUs) is old, and there is a shortage of funds to replace or refurbish them.

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Infra Sector

Infra Sector Needs Rs 50 Lakh Cr Investment: Crisil

There is need to step up investment in infrastructure by at least Rs 50 lakh crore between fiscals 2018 and 2022, according to rating company Crisil.

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