​GOOD EVENING INDIA!

June 22, 2018, Friday

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

MUST READ

Mukesh Ambani Signals The Start Of A New Investment Cycle

Mukesh Ambani Signals The Start Of A New Investment Cycle

With his multi-billion-dollar investment in telecom services well on track, Reliance Industries Ltd chairman Mukesh Ambani on Friday signalled the start of the next investment cycle, which might see the group venture into agriculture, education and healthcare.

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India To Start Building Ultra Supercritical Thermal Plant In 2019

India To Start Building Ultra Supercritical Thermal Plant In 2019

India will begin construction of an 800MW advanced ultra supercritical thermal power plant in 2019, which will run on an indigenous technology that is developed to reduce carbon emissions, said AK Bhaduri, director of Indira Gandhi Centre for Atomic Research, Kalpakkam, on Friday.

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India’s Renewable Energy Push, If Done Properly, Could Mean A Lot Of Jobs

India’s Renewable Energy Push, If Done Properly, Could Mean A Lot Of Jobs

Implemented properly, India’s renewable energy push could do more than just slow down global warming. It could help pull millions out of poverty, especially in rural communities.

 

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Andhra Pradesh Cabinet Approves Polavaram Hydro Power Project

Andhra Pradesh Cabinet Approves Polavaram Hydro Power Project

Amaravati (Andhra Pradesh): The AndhraPradesh Cabinet has approved the PolavaramHydro project in a meeting chaired by Chief Minister Chandrababu Naidu.

 

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No Official Notification To Cut Power Tariffs So Far, Industry In Shambles: CICU

No Official Notification To Cut Power Tariffs So Far, Industry In Shambles: CICU

Despite the Punjab State Electricity Regulatory Commission (PSERC) decision of implementation of new electricity tariff retrospectively.

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Wipro Faces Lawsuit From National Grid US

Wipro Faces Lawsuit From National Grid US

Wipro Ltd, India's No.3 software exporter, said on Friday that it would challenge a lawsuit filed by National Grid US seeking damages of over $140 million related to a project that dates back to 2009.

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Government May Allow Power Plants To Pass On Gear Expenses To Consumers

Government May Allow Power Plants To Pass On Gear Expenses To Consumers

The government may allow power plants to pass on their investments in equipment to meet stringent environmental norms to consumers, and such costs will not be included during preparation of dispatch order to ensure these plants remain competitive.

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REC Trading At Indian Energy Exchange Hits All-time High In November At 18.9

REC Trading At Indian Energy Exchange Hits All-time High In November At 18.9

Trading of renewable energy certificates (REC) at the Indian Energy Exchange (IEX) touched an all-time high in the November session, with 18.9 lakh RECs being traded under the non-solar category.

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MSEDCL To Be Divided Into Three Wings

MSEDCL To Be Divided Into Three Wings

Energy minister Chandrashekhar Bawankule has decided to divide MSEDCL into three wings for providing better consumer service. The division will be done right from junior engineer level.

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AP Discoms Need Rs 34,000 Crore This Year

AP Discoms Need Rs 34,000 Crore This Year

The Discoms pegged their Annual Revenue Requirement (ARR) for 2018-19 at Rs 33,466 crore and projected total revenue at current tariffs, including non-tariff income of Rs 25,483 crore.

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Indian Renewable Players Eye Overseas Market For Growth

Indian Renewable Players Eye Overseas Market For Growth

The slowdown in tendering of the solar and wind projects in the past few months despite government’s target of achieving 175 GW renewable capacity by FY2022, is forcing Indian renewable energy players to look beyond the market to support their growth.

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CIL, Rly Load Record 257 Freight Rakes On Power Plants' Demand

CIL, Rly Load Record 257 Freight Rakes On Power Plants' Demand

The Railways and Coal India Ltd have surpassed their own record by loading 257 freight rakes of coal to meet the demand of power plants.

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Underground Power Station Plans In Western Ghats Raise Concern

Underground Power Station Plans In Western Ghats Raise Concern

An underground pipeline connecting two major reservoirs, and power stations situated underneath a pristine reserve forest are part of an ambitious ₹5,000-crore project that environmentalists say will leave an indelible mark on the flora and fauna of the Western Ghats.

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C’garh Among 15 States Supporting Rooftop Solar Grid System

C’garh Among 15 States Supporting Rooftop Solar Grid System

Chhattisgarh is among 15 States, namely, Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand and West Bengal which have come out with a solar policy supporting grid-connected rooftop systems, the Central Government has informed.

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India Reduces Expenditure On Energy Subsidies By $15.4 Billion: Study

India Reduces Expenditure On Energy Subsidies By $15.4 Billion: Study

India reduced its energy subsidies by over $15 billion (over Rs 82,000 crore) between 2014 and 2016, a new report by the International Institute of Sustainable Development (IISD), the Overseas Development Institute and ICF India said on Friday.

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Power Tariff, Line Losses To Be Linked

Power Tariff, Line Losses To Be Linked

The commission has sought to discourage the unmetered power supply by doubling the tariff. The tariff for rural consumers with a connected load up to 2KW will go up from Rs 180/KW per month to Rs 300/KW per month.

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Adani Group Denies Selling Power To Guj At Exorbitant Rate

Adani Group Denies Selling Power To Guj At Exorbitant Rate

The Adani Group today dismissed Congress' allegation of charging exorbitant electricity tariff in Gujarat, saying it sold power to the state at a "very attractive" price of Rs 2.65 per unit over the last four years.

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Adani, Essel, Nalco, NEEPCO May Lock Horns Over Solar Tenders In Odisha

Adani, Essel, Nalco, NEEPCO May Lock Horns Over Solar Tenders In Odisha

The state government-sponsored bids for tenders of solar power projects in Odisha is likely to see stiff competition, as top-notch private developers and leading public sector undertakings (PSUs) compete in the bidding process.

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Power Finance Mobilises $400 Million Through Maiden Green Bond

Power Finance Mobilises $400 Million Through Maiden Green Bond

State-owned Power Finance Corporation (PFC) has raised $400 million through its maiden green bond issue. The funds will be used to promote renewable energy in the country.

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Energy Sector Can Attract Rs28.93t In Foreign Capital

Energy Sector Can Attract Rs28.93t In Foreign Capital

Nepal can attract more than Rs28.93 trillion in foreign capital into the energy sector by 2045 if it makes foreign direct investment (FDI) a top priority by pursuing an accelerated power trade strategy, experts said Friday.

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Andhra Pradesh’s Solar-wind Park Is Largest

Andhra Pradesh’s Solar-wind Park Is Largest

The world’s first ever solar-wind hybrid park is being planned in Anantapur district. The World Bank is funding the project, which is estimated to cost Rs 1,000 crore and will spread across 1,000 acres of land.

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Climate Change Impact On Wind Speed May Lead To More Power Generation, Says IIT-B Study

Climate Change Impact On Wind Speed May Lead To More Power Generation, Says IIT-B Study

A wind assessment study recently conducted by the researchers at the IIT-B has revealed that even as climate change poses a constant threat to future generations, it could also prove to be a boon with increased generation of wind-powered electricity.

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Coal India Misses Production Target By 5 Per Cent During Apr-Nov

Coal India Misses Production Target By 5 Per Cent During Apr-Nov

Amid concerns from thermal power plants over inadequate supply of fuel, Coal India Ltd (CIL) on Friday reported that it has produced 329.30 million tonnes during the April to November period, missing its target by five per cent.

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AP Cabinet Approves Polavaram Hydro Project

AP Cabinet Approves Polavaram Hydro Project

The Andhra Pradesh Cabinet has approved the Polavaram Hydro project in a meeting chaired by Chief Minister Chandrababu Naidu.

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AP To Tie Up With Bee On Energy Efficiency

AP To Tie Up With Bee On Energy Efficiency

The Bureau of Energy Efficiency (BEE), under the Union Ministry of Power, is all set to sign an agreement with the AP Capital Regional Development Authority (APCRDA) to provide support in building green constructions in Amaravati.

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Tata Steel To Acquire 74% Stake In Bhubaneshwar Power

Tata Steel To Acquire 74% Stake In Bhubaneshwar Power

Tata Steel has executed definitive agreements to acquire 74% equity shares of Bhubaneshwar Power from JL Power Ventures for a consideration of Rs255cr.

 

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GLOBAL LNG-Asia Spot Stays Near 3-year High For Third Week

GLOBAL LNG-Asia Spot Stays Near 3-year High For Third Week

Asian spot liquefied natural gas (LNG) prices were unchanged for a third week as traders converged on Lisbon for a major industry conference, curbing market activity.

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Malaysia Agrees To Extend Crude Oil Output Cuts Until End-2018

Malaysia Agrees To Extend Crude Oil Output Cuts Until End-2018

Malaysia will extend its oil production cuts until the end of 2018, in line with its commitment to reduce global supply as part of a deal struck between OPEC and other global oil producers.

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Dharmendra Pradhan Writes To Odisha CM For Assistance For 2G Ethanol Plant In Bargarh

Dharmendra Pradhan Writes To Odisha CM For Assistance For 2G Ethanol Plant In Bargarh

To support the aforesaid programme, Oil PSUs have decided to set up 12 Second Generation (2G) Ethanol bio-refineries in 11 States of the Country as an effective tool for development of rural economy.

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State Oil Companies To Add 5,000 Distributors For LPG By 2019

State Oil Companies To Add 5,000 Distributors For LPG By 2019

State oil companies are aiming to augment their cooking gas distribution network by nearly a third in a little more than a year to cater to the rapidly expanding consumer base, mainly in rural areas.

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ONGC Denies Any Legal Option Against Selling Of 11 Blocks

ONGC Denies Any Legal Option Against Selling Of 11 Blocks

Soon after a Mint report that quoted a 2 top officials for taking legal action, ONGC tweeted- “ONGC makes clear tht news abt farming out blocks 2 b challenged in court, is a frivolous campaign.

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Anil Agarwal Says, Vedanta To Invest $9 Bn In India; Says To Create 10 Lakh Jobs

Anil Agarwal Says, Vedanta To Invest $9 Bn In India; Says To Create 10 Lakh Jobs

Having so far invested around $33 billion in India, mainly in the natural resources space, NRI billionaire Anil Agarwal-led Vedanta Resources has chalked out plans to pump another around $9 billion into the country over the next three years to enhance capacity across sectors such as copper, zinc, aluminium, iron ore, steel and oil & gas.

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India Secures 2nd Highest Vote After Germany To Re-Enter Maritime Council

India Secures 2nd Highest Vote After Germany To Re-Enter Maritime Council

India has been re-elected to the Council of the International Maritime Organisation under a category that represents nations with the largest interests in international sea borne trade.

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Railways Unveils New Rajdhani, Shatabdi Coaches With Upgraded Features - Details Inside

Railways Unveils New Rajdhani, Shatabdi Coaches With Upgraded Features - Details Inside

With an aim to improve train passenger experience on its premium Rajdhani and Shatabdi trains, Indian Railways has decided to upgrade its trains with enhanced features.

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India Re-Elected To Intl Maritime Organisation Council

India Re-Elected To Intl Maritime Organisation Council

India has been re-elected to the Council of the International Maritime Organisation under a category that represents nations with the largest interests in international sea borne trade.

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Chandigarh-Delhi In 2 Hours But The Rail Corridor Would Cost Rs 11,000 Crore

Chandigarh-Delhi In 2 Hours But The Rail Corridor Would Cost Rs 11,000 Crore

Traveling from Chandigarh to Delhi by train in 2 hours is soon going to be a reality. The Indian Railways has already prepared a plan for the 245-km corridor project.

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ER Passenger Traffic And Earning

ER Passenger Traffic And Earning

Eastern Railway has secured first position both in passenger traffic and earnings with a growth of 4.05% and 3.25% respectively in suburban segment amongst all Zones over Indian Railways.

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RTC To Run City Buses Via Gandhi Road In Tirupati

RTC To Run City Buses Via Gandhi Road In Tirupati

Giving a big of relief to citizens, the APSRTC Tirupati Depot is plying city bus services between Tirupati and Chandragiri via Gandhi road.

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Fog In Delhi: 25 Trains Delayed, 6 Cancelled, Several Rescheduled

Fog In Delhi: 25 Trains Delayed, 6 Cancelled, Several Rescheduled

At least 25 trains are running late, four have been rescheduled and six others have got cancelled due to fog which has resulted in poor visibility in the national capital and adjoining areas.

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Mumbai: Chhatrapati Shivaji Maharaj Terminus Will Now Be Converted Into Rail Museum

Mumbai: Chhatrapati Shivaji Maharaj Terminus Will Now Be Converted Into Rail Museum

Chhatrapati Shivaji Maharaj Terminus (CSMT), as we know it, will soon be history. After decades of serving as the headquarters of the Central Railway, CSMT is now in the process of being vacated, and will soon be converted into a world-class transport museum to showcase the history of Indian Railways.

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Rail Project Hits Land Wall

Rail Project Hits Land Wall

Land acquisition problems have hit the construction of Khurda Road-Balangir railway line. East Coast Railway made the revelation on Friday after a delegation of BJD MLAs met its general manager.

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