​GOOD AFTERNOON INDIA!

September 24, 2018, Monday

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

India's Largest Floating Solar Power Plant Commissioned In Kerala

India's Largest Floating Solar Power Plant Commissioned In Kerala

Power minister M M Mani commissioned the largest floating solar power plant in the country set up on the Banasura Sagar reservoir at Padinjarethara in Wayanad on Monday.

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Bridge To India Cuts Rooftop Solar Forecast To 10.8 GW By 2021

Bridge To India Cuts Rooftop Solar Forecast To 10.8 GW By 2021

Renewable energy consultancy firm Bridge to India today said it has lowered projections for rooftop solar capacity addition to 10.8 GW, as against 13.2 GW, by 2021.

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NCLT Clears Liquidation Of Gupta Coal India; Had Debt Of Rs 2580 Cr

NCLT Clears Liquidation Of Gupta Coal India; Had Debt Of Rs 2580 Cr

The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the liquidation of Gupta Coal India, sources aware of the development told FE.

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High-energy Quantum Meet

High-energy Quantum Meet

The National Institute of Technology, Patna, on Monday started a six-day seminar on discussing quantum physics and how to have maximum use of it in technology.

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Reliance Power Gets $583 Mln Backing From ADB For Bangladesh Plant

Reliance Power Gets $583 Mln Backing From ADB For Bangladesh Plant

Anil Ambani Group-controlled Reliance Power said Asian Development Bank has approved debt financing and partial risk guarantees totaling $583 million to the company’s Bangladesh LNG and Power Project.

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To Revive Projects, Gas-based Power Companies Seek Subsidised Natural Gas Imports

To Revive Projects, Gas-based Power Companies Seek Subsidised Natural Gas Imports

Gas-based power producers have asked the government to revive the projects by reintroducing an earlier scheme to supply subsidised imported natural gas.

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PSPCL Units Shut As Power Coming From Private Plants

PSPCL Units Shut As Power Coming From Private Plants

As power demand in the ongoing winter season nosedives, the Punjab State Power Corporation Limited (PSPCL) has shut all its thermal power plants, and is now relying on private plants for which it pays fixed charges.

 

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6-member NHPC Team For Polavaram Dam Site Today

6-member NHPC Team For Polavaram Dam Site Today

An expert team from the National Hydro Power Corporation (NHPC) will be visiting the Polavaram dam site on Tuesday to make two important recommendations to the Union Water Resources Ministry.

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PMO Panel On Delhi Air Quality Reviews Crop Burning Options

PMO Panel On Delhi Air Quality Reviews Crop Burning Options

With the Sri Lankan cricket team's dramatic protest against playing conditions highlighting the mounting embarrassment over Delhi's pollution, a PMO-headed panel met on Monday and reviewed the need for more accurate real-time monitoring of air quality and measures to control stubble burning.

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Government Mulls Longer Fixed Cost Recovery Period For Hydro Power

Government Mulls Longer Fixed Cost Recovery Period For Hydro Power

The government is looking at extending fixed cost recovery period of hydro projects to 30- 35 years, from 12 years at present, to bring the tariff down to as low as Rs 2 per unit, Power Minister R K Singh has said.

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JSW Energy Secures Power Purchase Agreements Worth 208 MW

JSW Energy Secures Power Purchase Agreements Worth 208 MW

JSW Energy has successfully secured Power Purchase Agreements (PPAs) aggregating to 208 MW. This consists of 176 MW PPA with Haryana Power Purchase Centre to be supplied from the Karcham Wangtoo Hydro Electric Project of Himachal Baspa Power Company.

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UPPCL Subsidy To New Airports Opposed

UPPCL Subsidy To New Airports Opposed

At a time when both rural and urban consumers are feeling the pinch of power tariff hike, the decision of Uttar Pradesh Power Corporation Limited to give subsidy on 30,000 units to new upcoming airports in the state has come under fire from Uttar Pradesh Rajya Vidyut Upbhokta Parishad.

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Opec Deal Will Support Oil Prices, But Long-Term Cap Remains

Opec Deal Will Support Oil Prices, But Long-Term Cap Remains

On 30 November, the Organization of Petroleum Exporting Countries (Opec) and its non-Opec friends decided to extend the output cuts till the end of 2018.

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BJP Blames Labour Minister Sushant Singh For Delay In Ethanol Plant

BJP Blames Labour Minister Sushant Singh For Delay In Ethanol Plant

A day after Union Petroleum Minister Dharmendra Pradhan sought the assistance of Chief Minister Naveen Patnaik for setting up an ethanol plant in Bargarh district, the State BJP on Sunday targeted Labour Minister Sushant Singh for the delay in land acquisition for the project.

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Barred From Hiking Prices, NOC Slips Into Red

Barred From Hiking Prices, NOC Slips Into Red

Nepal Oil Corporation (NOC) has been in the red for the last two months after being barred from fully implementing the auto pricing system.

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Namkum Oil Depot To Be Shut Soon

Namkum Oil Depot To Be Shut Soon

One of two oil depots within capital limits is likely to be shut for good in the next two months when Indian Oil Corporation's (IOCL) recently inaugurated smart terminal at Khunti becomes operational, the news sure to be welcomed by residents of Namkum, especially students of Bishop Westcott School which was perilously close to the 2,500 kilo litre facility.

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PM To Lay Foundation Stone Of Barmer Refinery In Second Half Of Dec

PM To Lay Foundation Stone Of Barmer Refinery In Second Half Of Dec

Prime Minister Narendra Modi is expected to lay the foundation stone of Barmer Refinery-cum-Petrochemical complex some time in the second half of December.

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ONGC Privatisation: Death By A Thousand Cuts? What Centre Really Must Look At

ONGC Privatisation: Death By A Thousand Cuts? What Centre Really Must Look At

Given the government’s inability to take tough decisions on privatising PSUs, it is not clear how it plans to take away various performing oil/gas fields from ONGC and give these away on a profit-share to various private oilcos—the one that promises the most output will likely win the bid and get a 60% share in these fields.

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CPCL’s Cauvery Basin Refinery Gets Rs 27,000cr Plan

CPCL’s Cauvery Basin Refinery Gets Rs 27,000cr Plan

Chennai Petroleum Corporation Ltd (CPCL), a subsidiary of Indian Oil Corporation will soon begin work at putting up a 9 million tonne per annum refinery in Narimanam, in Cauvery Basin.

 

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Indian Oil Corp To Take Rs 4,200 Crore Hit Under GST Regime

Indian Oil Corp To Take Rs 4,200 Crore Hit Under GST Regime

State-owned oil refiner Indian Oil Corporation(IOC) has said that the impact of the goods and services tax (GST) would be nearly Rs 4,200 crore as it would not be able to claim input tax credit (ITC) for automotive fuels that fall outside GST.

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ONGC Partners In 6 Pre-NELP Blocks May Have To Share Cess, Royalty Load

ONGC Partners In 6 Pre-NELP Blocks May Have To Share Cess, Royalty Load

Oil and Natural Gas Corporation’s partners in six pre-NELP blocks will have to share royalty, cess and other government charges with the state firm in proportion to their stakes, ending the current practice of ONGC alone bearing state levies for entire production, according to an oil ministry proposal that would soon be sent to the Cabinet.

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Oil Prices To Remain In $40-$60 Range Through 2018: Moody’s

Oil Prices To Remain In $40-$60 Range Through 2018: Moody’s

The global crude oil prices are likely to remain in a range between $40 and $60 per barrel through 2018 and may even stretch through 2019 despite Organization of Petroleum Exporting Countries (OPEC) and its Non-OPEC allies’ decision to extend production cuts till the end of 2018, global credit rating agency Moody’s said on Monday.

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Railway Officials Step Up Anti-trespass Drive

Railway Officials Step Up Anti-trespass Drive

Railway officials from Pune division have ramped up the drive to curb instances of people trespassing on railway tracks. Hefty fines and penalties await those who illegally cross the tracks, putting their lives at risk.

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Indian Railways – High-speed Trains To Interconnect Delhi, Mumbai, Chennai, And Kolkata

Indian Railways – High-speed Trains To Interconnect Delhi, Mumbai, Chennai, And Kolkata

Indian Railways is planning to connect four prime Indian cities, namely Delhi, Mumbai, Chennaiand Kolkata with high-speed trains. These trains will run at 160 kmph, against the current 88-90 kmph.

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PM Narendra Modi’s Idea Since 2014, Railway University Road Map Ready

PM Narendra Modi’s Idea Since 2014, Railway University Road Map Ready

AFTER THREE years of virtual standstill, the project to set up India’s first railway university is finally ready with a road map. The Cabinet is likely to clear its first milestone this week, and the first batch of students is set to start classes in June next year.

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Decoding The Imports Surge Post Demonetisation

Decoding The Imports Surge Post Demonetisation

Indian imports rose by 23.40% year-on-year (y-o-y) for the first eight months of the calendar year 2017, after contracting by 6.80% between April-December 2016.

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Techies Tampered With Tracks: Railways

Techies Tampered With Tracks: Railways

The alleged sabotage on railway tracks in Mahanagar on Sunday seems to be the work of expert technicians using advanced tools.

 

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Cyclone Ockhi: Western Railways Gears Up For Rough Ride

Cyclone Ockhi: Western Railways Gears Up For Rough Ride

The Western Railway (WR) today said it has taken necessary precautions and made suitable arrangements in view of the warning about cyclone Ockhi in coastal areas of Maharashtra.

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China: Eurasian & Belt Road Initiative

China: Eurasian & Belt Road Initiative

Shanghai Conference organization (SCO) a Eurasian grouping and Belt Road initiative (BRI) are two prime examples of China widening the regional and global net to trap more and more countries into Chinese economic sphere.

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Plain Sailing For India As Iran Opens First Phase Of The Chabahar Port To Make Way For New Trading Route

Plain Sailing For India As Iran Opens First Phase Of The Chabahar Port To Make Way For New Trading Route

The first phase of the Chabahar port on the Gulf of Oman was inaugurated on Sunday by Iranian President Hassan Rouhani, opening a new strategic route connecting Iran, India and Afghanistan bypassing Pakistan, and reflecting growing convergence of interests among the three countries.

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