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September 26, 2018, Wednesday

LATEST NEWS ON POWER/COAL/MINES/RE/OIL AND GAS/INFRASTRUCTURE AND TRANSPORTATION

KERC Yet To Decide On State Order On Lower Wind Energy Tariffs

KERC Yet To Decide On State Order On Lower Wind Energy Tariffs

Two weeks after Karnataka government ordered the state’s electricity regulator to call back its September decision to cut wind power tariffs and approve all power purchase agreements with wind developers signed before March 31, 2016, the latter has yet to officially respond.

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REC Sets Sights On Foreign Markets To Boost Revenues

REC Sets Sights On Foreign Markets To Boost Revenues

Rural Electrification Corp ( REC) is looking at overseas business, starting with neighbouring countries, to supplement revenue from its traditional business of lending to rural power projects, chairman PV Ramesh told ET in an interview.

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1st Power Plant Under PM Ladakh Scheme Commissioned In Drass

1st Power Plant Under PM Ladakh Scheme Commissioned In Drass

The New and Renewable Energy Ministry today said the 1.5-mw small hydropower plant in Biaras Drass of Kargil has become the first project to be commissioned under the Prime Minister's Ladakh Renewable Energy Initiative.

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After Himachal, Mumbai Gets Electric Buses

After Himachal, Mumbai Gets Electric Buses

After Himachal Pradesh it is Mumbai’s turn to get electric buses.The city’s Brihanmumbai Electric Supply and Transport (BEST) undertaking on Friday added four electric buses to its fleet. 

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India, Egypt For Increased Cooperation In Clean Energy

India, Egypt For Increased Cooperation In Clean Energy

India and Egypt have discussed ways to step up cooperation in the renewable energy sector with experts from both the countries sharing ideas to promote clean fuel in the light of its increasing demand worldwide.

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Over 3 Cr LED Bulbs To Be Given In TN Under UJALA In One Year

Over 3 Cr LED Bulbs To Be Given In TN Under UJALA In One Year

An estimated three crore plus energy efficient LED bulbs would be distributed in Tamil Nadu in another one year under the Centre's UJALA scheme, a senior official of ESSL, the implementing agency, said here today.

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Govt Expects Mineral Auction Worth Rs 50,000 Crore This Fiscal

Govt Expects Mineral Auction Worth Rs 50,000 Crore This Fiscal

Minerals worth at least Rs50,000 crore can be auctioned from 13-15 blocks in the remaining four months of the current fiscal with the upcoming proposed amendments in the auctioning rules, a top official of the ministry of mines said.

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Rush To Commission Project Likely Culprit In NTPC Unchahar Tragedy

Rush To Commission Project Likely Culprit In NTPC Unchahar Tragedy

Was the boiler explosion in the National Thermal Power Corporation’s Unchahar plant caused by a violation of safety norms?

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NTPC Drops Acquisition Plans

NTPC Drops Acquisition Plans

State-run NTPC, India’s biggest electricity producer, has shelved plans of acquiring stressed power assets in the private sector, and will instead help lenders to these debt-ridden power plants run them for a fee. 

 

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EESL Firms Up £100 Million Investment Plan To Buy Heat, Power Utility In Uk

EESL Firms Up £100 Million Investment Plan To Buy Heat, Power Utility In Uk

State-run Energy Efficiency Services Ltd (EESL) is firming up a £100 million investment plan for buying a combined heat and power utility in the UK, and investing in firms that are setting up fast-charging electric vehicle (EV) infrastructure and large battery storage in Canada.

 

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Adani To Buy Anil Ambani-Led Rinfra's Mumbai Power Biz For Rs 13,000 Crore

Adani To Buy Anil Ambani-Led Rinfra's Mumbai Power Biz For Rs 13,000 Crore

Adani Transmission Limited (ATL) will buy Anil Ambani-led Reliance Infrastructure's (RInfra's) Mumbai power business – Reliance Energy for around Rs 13,000 crore, reports, DNA Money, quoting sources.

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As Captive Coal Production Dwindles, Centre Mulls Option To Take Back Mines

As Captive Coal Production Dwindles, Centre Mulls Option To Take Back Mines

Coal Secretary Susheel Kumar on Wednesday said the government is weighing measures to bring auctioned captive coal blocks into operation.

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Solar Power Firms In Karnataka Make A Beeline Ahead Of March Open Access Deadline

Solar Power Firms In Karnataka Make A Beeline Ahead Of March Open Access Deadline

With the March 2018 deadline for solar power projects in Karnataka to be able to be exempted from open access charges, ground level activities have picked up frantic pace to meet the deadline and avail the 10-year concession.

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India Plans 20GW Solar Tender, Eyes Domestic Manufacturing Boost

India Plans 20GW Solar Tender, Eyes Domestic Manufacturing Boost

India plans to invite bids for setting up 20 gigawatts (GW) of solar power capacity the world’s largest solar tender at one go, in an attempt to spur domestic manufacturing of solar power equipment.

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Petronet Looks To Buy Stake In Qatari LNG Projects

Petronet Looks To Buy Stake In Qatari LNG Projects

Petronet LNG Ltd is eyeing a stake in the planned LNG expansion projects in Qatar as it looks to venture overseas to diversify its portfolio, its MD and CEO Prabhat Singh said.

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Oil Turns From Modi's Blessing To Burden Threatening Economy

Oil Turns From Modi's Blessing To Burden Threatening Economy

Narendra Modi’s first term as leader of the world’s fastest-growing oil market coincided with the biggest price crash in a generation.

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Vedanta Plans To Invest $850-mn To Raise Rajasthan Oilfields Output

Vedanta Plans To Invest $850-mn To Raise Rajasthan Oilfields Output

Vedanta Ltd on Friday announced a $850 million investment for raising oil and gas production from its Rajasthan oilfields by about 100,000 barrels a day.

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Oil Demand

Oil Markets Stable, But Analysts Expect High Volatility Ahead

SINGAPORE (Reuters) - Oil markets were stable on Friday, supported by ongoing supply cuts led by OPEC and Russia as well as by strong demand, although the prospect of rising U.S. shale output capped prices around recent gains.

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Global Crude Oil Price Of Indian Basket Was US$ 62.40 Per Bbl On 09.11.2017

Global Crude Oil Price Of Indian Basket Was US$ 62.40 Per Bbl On 09.11.2017

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$ 62.40 per barrel (bbl) on 09.11.2017

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Oil India Q2fY18 Standalone Net Profit Rises 11.3% yoy

Oil India Q2fY18 Standalone Net Profit Rises 11.3% yoy

Oil India Ltd standalone revenue for the quarter came in at Rs. 2473.2 crore, registering 6.1% yoy increase. This was primarily driven by 12.5% yoy increase in revenues from crude oil segment.

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Oil Markets Creep Higher On Supply Pact Expectations

Oil Markets Creep Higher On Supply Pact Expectations

Crude oil markets were slightly higher on Friday, supported by continuing supply cuts and expectations that an output deal will be extended at the end of the month.

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Free LPG Cylinder Scheme Spins-Off This Massive Benefit; See Storm It Cooked Up

Free LPG Cylinder Scheme Spins-Off This Massive Benefit; See Storm It Cooked Up

The Narendra Modi government’s flagship Pradhan Mantri Ujjwala Yojana (PMUY), which has provided more than 3 crore liquefied petroleum gas (LPG) connections to poor households over the last one and a half years

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India To Save Rs 4,000 Crore Post Exxon LNG Price Revision

India To Save Rs 4,000 Crore Post Exxon LNG Price Revision

India will save about Rs 4,000 crore after it got US energy major Exxon Mobil Corp to lower the price of liquefied natural gas(LNG) after the new rates kick-in from January next year.

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L&T Nears All-time High On Orders Win Of Rs 4,023 Crore

L&T Nears All-time High On Orders Win Of Rs 4,023 Crore

Larsen & Toubro (L&T) hit a 52-week high of Rs 1,260, up 3.5% on the BSE after the company said its construction arm has won orders worth Rs 4,023 crore across various business segments.

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Cochin Shipyard Q2 Net Dips 8% To Rs 100 Crore

Cochin Shipyard Q2 Net Dips 8% To Rs 100 Crore

Cochin Shipyard Ltd (CSL), the largest shipbuilding and repair facility in India, today reported an 8 percent dip in net profit at Rs 100.21 crore for the quarter ended September 30, 2017.

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Crack On Track: Major Rail Accident Averted In Jharkhand

Crack On Track: Major Rail Accident Averted In Jharkhand

A major accident was today averted when a keyman on duty stopped the Tatanagar-Itwari Passenger train between Rajkharswan and Barabambo stations under Chakradharpur division of South Eastern Railway after he spotted a fracture on the track, railway officials said.

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Donald Trump Lauds PM Narendra Modi’s Economic Reforms At APEC Summit

Donald Trump Lauds PM Narendra Modi’s Economic Reforms At APEC Summit

PM Narendra Modi’s reforms initiatives have got fulsome praise from US President Donald Trump. Trump on Friday said that India has been able to achieve astounding growth and a new world of opportunities for its expanding middle class.

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Bombay HC Asks BMC, Railways To Construct Foot-over Bridge At Byculla Station, Says Common People Cannot Suffer

Bombay HC Asks BMC, Railways To Construct Foot-over Bridge At Byculla Station, Says Common People Cannot Suffer

The Bombay High Court on Friday said the Central Railways (CR) and the BMC should soon come up with a solution for the construction of a foot-over bridge (FOB) in Byculla, saying the common man could not be expected to suffer.

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Piyush Goyal Inaugurates Vivaan Solar's 5MWp Solar Project For Northern Railways

Piyush Goyal Inaugurates Vivaan Solar's 5MWp Solar Project For Northern Railways

Union Minister Piyush Goyal on Friday launched a 5-megawatt peak (MWp) project of solar plants engineered by Vivaan Solar, a solar PV installation and development company at Hazrat Nizamuddin, Anand Vihar, Old Delhi and New Delhi stations.

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Railways' New Project To Boost Employee Productivity

Railways' New Project To Boost Employee Productivity

In light of constant bad publicity on account of derailments, accidents, poor services and inefficiency of its employees, the Indian Railway has decided to go in for an image makeover by increasing the productivity and efficiency of its employees.

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Mysureans Want Railways To Bring Bengaluru Closer

Mysureans Want Railways To Bring Bengaluru Closer

S Karaveeraiah, an advocate by profession, hops on to Chamundi Express (train number 16215) at Mysuru city railway station at 6.45am every day.

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Mahametro Gets Advanced Possession Of 16 Hectares

Mahametro Gets Advanced Possession Of 16 Hectares

The MahaMetro Rail Corporation has received advanced possession of 50% of government land for metro corridors. 

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Rs 3,000-cr Assigned For Re-Tendering 329 Km Of Roads In Nagaland By December: Same Firm Spent Rs 1,000 Crore Last Time

Rs 3,000-cr Assigned For Re-Tendering 329 Km Of Roads In Nagaland By December: Same Firm Spent Rs 1,000 Crore Last Time

Strange are the ways of the bureaucracy. A private firm that had spent about Rs 1,000 crore for laying 329 km of roads in Nagaland, with little visible results on the ground, will again be in the running when the project is re-tendered next month, with the cost having tripled to Rs 3,000 crore, according to officials.

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