​GOOD MORNING INDIA!

November 15, 2018, Thursday

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

Reforms Required For Strengthening Economic Recovery And Creating Jobs: CII President

Reforms Required For Strengthening Economic Recovery And Creating Jobs: CII President

At the pre-budget Consultation meet with the Finance Minister, Mr. Arun Jaitley, CII President Ms. Shobana Kamineni presented the industry body’s recommendations for the Budget.

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Captive

NMDC Mulls Tungsten Mining

From doubling its iron ore output in five years to seeking more diamond mines in Madhya Pradesh as well as planning a joint venture foray in Vietnam for tungsten mines, NMDC Ltd is pursuing a multiple-pronged growth strategy.

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Stressed Asset Buyers May Get Relief From Competition Law, MAT

Stressed Asset Buyers May Get Relief From Competition Law, MAT

Buyers of stressed assets might soon get an exemption from paying the minimum alternate tax (MAT), and the need for getting approval from fair-trade watchdog the Competition Commission of India (CCI).

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High Drama In Power-Plant Row

High Drama In Power-Plant Row

The standoff at the Bharatiya Rail Bijlee Company Limited (BRBCL) thermal power plant at Nabinagar in Aurangabad district was resolved for the moment on Wednesday afternoon, but the protesting villagers maintained that they had not been given jobs in the plant as promised.

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Solar Alliance Comes Into Existence

Solar Alliance Comes Into Existence

India’s global initiative, the International Solar Alliance (ISA) that aims at increasing solar energy deployment in member countries, came into legal, independent existence Wednesday.

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Clean Energy

Under New Solar Policy, Goa Eyes To Produce 150 MW Power By 2021

The Goa cabinet today approved the much-awaited Solar Power Policy, under which the state expects to generate 150 MW of power by 2021, Chief Minister Manohar Parrikar said here.

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Rooftop Solar

‘Specify Wind Zone For Projects During Auction’

Wind auctions should specify which wind zone the projects being bid for are to be located in, or should have different base prices for different zones.

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Electricity Reforms Get A Leg-up In Uttar Pradesh, Follow-Up Actions Key

Electricity Reforms Get A Leg-up In Uttar Pradesh, Follow-Up Actions Key

The power sector regulator in Uttar Pradesh, the Uttar Pradesh Electricity Regulatory Commission, has approved several steps that can not just strengthen the financial position of state utilities but also increase opportunities for companies in the transmission and distribution (T&D) EPC business.

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Govt Sets Up Panel To Address NPAs In The Power Sector

Govt Sets Up Panel To Address NPAs In The Power Sector

The government has set up a high-level committee headed by NITI Aayog chief executive Amitabh Kant to address the problem of stressed assets in India's power sector, said two people aware of the matter.

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Tata Motors Rolls Out First Batch Of Tigor EVS For EESL From Sanand Plant

Tata Motors Rolls Out First Batch Of Tigor EVS For EESL From Sanand Plant

Tata Motors on Wednesday rolled out the first batch of the electric variant of its compact sedan Tigor from its Sanand facility in Gujarat.

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World's Most Complex Nuclear Plant With India As A Scientific Partner Now 50% Built

World's Most Complex Nuclear Plant With India As A Scientific Partner Now 50% Built

The world's most complex machine, the International Thermonuclear Experimental Reactor (ITER), a project in which India is a scientific partner to prove that fusion power can be produced on a commercial scale, is now 50 per cent built, it was announced on Wednesday.

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China's Sinopec Group Looking To Sell Nigeria Business - Sources

China's Sinopec Group Looking To Sell Nigeria Business - Sources

China's Sinopec Group has hired BNP Paribas to sell its oil business in Nigeria and Gabon, three people with knowledge of the matter said, as the state-owned oil giant pares back its presence in Africa.

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Jaguar Overseas Starts USD 20-mn Afghanistan Solar Project

Jaguar Overseas Starts USD 20-mn Afghanistan Solar Project

Jaguar Overseas, an Indian engineering, procurement and construction firm, has rolled out a USD 20-million solar power project in Afghanistan with support from the USAID and the Afghanistan government.

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Power Ministers' Meet Kicks Off Tomorrow, 'Saubhagya' In Focus

Power Ministers' Meet Kicks Off Tomorrow, 'Saubhagya' In Focus

Power ministers of States and Union Territories will focus on the Saubhagya scheme to provide electricity to 4 crore families by 2018, when they meet for a two-day conference starting here tomorrow.

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Solar Namaskar! After Selling Yoga & Ayurveda, Ramdev Gets Ready To Invest In Solar Projects

Solar Namaskar! After Selling Yoga & Ayurveda, Ramdev Gets Ready To Invest In Solar Projects

As a yoga guru, Baba Ramdev has for years practiced and taught Suryanamaskar, now his business arm is saying hello to sun, quite literally - with solar power.

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Problems Of Power Sector In India

Problems Of Power Sector In India

There is a need for an introspection and course correction before taking up further amendments in the Electricity Act 2003.

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NMDC May Ink MoU With Vietnam's Masan For Tungsten Mine Stake

NMDC May Ink MoU With Vietnam's Masan For Tungsten Mine Stake

State-run miner NMDC is likely to soon sign an MoU with Vietnam-based Masan Resources for a possible acquisition of a minority stake in a tungsten mine in the Southeast Asian nation, a top company official said today.

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ISA Becomes Treaty-based International Intergovernmental Organization

ISA Becomes Treaty-based International Intergovernmental Organization

In terms of its Framework Agreement, with ratification by Guinea as the 15th country on 6 November 2017, the International Solar Alliance (ISA) will become a treaty-based international intergovernmental organization on 6 December 2017.

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HDFC ERGO Launches Solar Energy Shortfall Insurance Policy

HDFC ERGO Launches Solar Energy Shortfall Insurance Policy

HDFC ERGO General Insurance launched the Solar Energy Shortfall Insurance Policy. This new policy is designed to account for non-traditional and non-physical damage related risks that solar projects regularly face.

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ICF Collaborates With E-Gle To Introduce EVs In India

ICF Collaborates With E-Gle To Introduce EVs In India

India Center Foundation (ICF), today announced a collaboration with Japanese EV maker, e-Gle to introduce electric vehicles (EVs) in all segments, including passenger, public passenger and larger mobility solutions in India, according to a company statement.

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Enphase Energy Roars Into Indian Market With The Company’s Largest Solar Installation In The Asia-pacific Region

Enphase Energy Roars Into Indian Market With The Company’s Largest Solar Installation In The Asia-pacific Region

Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading provider of solar microinverters, announced today that its installation partner, RenXSol Ecotech has installed Enphase microinverters in a one megawatt solar plant.

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Bangladesh’s Rooppur N-project: Russia May Leverage Indian Assistance In Manpower Training

Bangladesh’s Rooppur N-project: Russia May Leverage Indian Assistance In Manpower Training

Russia’s commitment to collaborate with India in building nuclear power stations in third countries is set to kick-off with Bangladesh’s first nuclear power plant being built with Russian assistance.

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RK Singh For Shielding Solar Projects From Uncertainty Of Dumping Duty

RK Singh For Shielding Solar Projects From Uncertainty Of Dumping Duty

Existing solar energy projects and bidders for new ones must be insulated from the uncertainty of antidumping duties on import of cheap cells and modules to keep their cost calculations intact, minister of power, new and renewable energy RK Singh said.

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Kala: Power Reforms Yielding Result

Kala: Power Reforms Yielding Result

Minister for Energy Kala Venkata Rao on Tuesday said there would not be increase in power tariff in the near future as the government could curtail the T&D losses significantly.

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Odisha Wants Centre To Modify Saubhagya Scheme

Odisha Wants Centre To Modify Saubhagya Scheme

Voicing displeasure over the lopsided provisions in the recently announced Saubhagyra scheme by the Centre, the state government has called for restructuring the programme.

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More Power Purchase Agreements Need To Be Signed: RK Singh

More Power Purchase Agreements Need To Be Signed: RK Singh

In an interview with CNBC-TV18, RK Singh, MoS, Power & Renewable Energy discussed about the stressed assets in the industry.

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The Power Of Small

The Power Of Small

With nearly 300 million rural Indians, about a fourth of the country’s population, still lacking access to quality power, Decentralised Distributed Generation (DDG) could be the answer.

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Solar Grid Diplomacy

Solar Grid Diplomacy

India scored another brownie point on the environmental diplomacy front with the concretisation of the legal framework of the International Solar Alliance, a comity meant exclusively for those countries which lie between the Tropics of Cancer and Capricorn.

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Adani Dealt Fresh Blow As Three Banks Refuse To Fund Its Coal Project

Adani Dealt Fresh Blow As Three Banks Refuse To Fund Its Coal Project

In the latest blow to the Adani Enterprises Ltd., at least three banks have ruled out funding the conglomerate’s long-delayed Carmichael coal mining project in Australia.

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Consumer Shouldn’t Be Asked To Pay For Inefficiencies Of Discoms: RK Singh, Power & Renewable Energy Minister

Consumer Shouldn’t Be Asked To Pay For Inefficiencies Of Discoms: RK Singh, Power & Renewable Energy Minister

I believe the technical and commercial losses of the discoms need to come down to below 15%. A paying consumer should not be asked to pay for inefficiencies of the discoms or for the theft.

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GAIL To Host Oil And Gas HSE Conclave, Over 350 Delegates To Participate

GAIL To Host Oil And Gas HSE Conclave, Over 350 Delegates To Participate

GAIL (India) Limited hosts the high-profile Oil and Gas HSE Conclave of oil and gas Companies on 08th and 9th December, 2017 at Noida.

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Japan's JERA In Talks With EDF To Collaborate On LNG -spokesman

Japan's JERA In Talks With EDF To Collaborate On LNG -spokesman

JERA Co, the world's largest buyer of liquefied natural gas (LNG), is in talks on collaborating on the super-cooled fuel with the trading arm of France's state-controlled utility EDF, a spokesman at the Japanese company said on Wednesday.

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Shell to take first LNG shipments from new U.S. Cove Point plant

Shell To Take First LNG Shipments From New U.S. Cove Point Plant

Royal Dutch Shell will take the initial cargoes of liquefied natural gas (LNG) shipped from Dominion Energy's new Cove Point export facility in Maryland after providing the plant's feed gas supply, Dominion Energy said on Tuesday.

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GAIL Hires Drones To Secure Gas Pipelines

GAIL Hires Drones To Secure Gas Pipelines

GAIL India Ltd, the country's biggest gas transporter, has deployed drones on pilot basis on its main trunk pipeline as it uses technology to secure its vast network, its director (pipelines) Ashutosh Karnatak said.

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GAIL To Organize Oil & Gas Health And Safety Conclave This Month

GAIL To Organize Oil & Gas Health And Safety Conclave This Month

GAIL (India) Ltd, the country’s largest gas transmission utility, is planning to host Oil & Gas Health and Safety Executive (HSE) conclave at Noida in Uttar Pradesh this month.

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Indian Oil Refiners To Use Dirty Fuel 'pet Coke' For Power Generation

Indian Oil Refiners To Use Dirty Fuel 'pet Coke' For Power Generation

Indian oil refiners are drawing up plans to use petroleum coke for power generation and to produce syngas after the government banned use of the heavily polluting fuel in and around New Delhi.

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Do You Own A Car? Be Ready To Start Paying More For Your Cooking Gas

Do You Own A Car? Be Ready To Start Paying More For Your Cooking Gas

If you own a car, you might soon have to forgo the subsidy on your LPG cylinders. By eliminating 36 million fake connections through Direct Benefit Transfer for LPG (DBTL), the government has saved nearly Rs 30,000 crore of cooking gas subsidy.

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China Set To Become More Dependent On Oil Imports

China Set To Become More Dependent On Oil Imports

The pace of China’s oil imports growth is one of the most closely watched indicators in the industry—a gauge of the country’s huge appetite for oil and the impact it has on global oil trade and prices.

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Indian Oil Refiners Turn To Use Dirty Fuel Petcoke To Produce Power, Gas

Indian Oil Refiners Turn To Use Dirty Fuel Petcoke To Produce Power, Gas

Indian oil refiners are drawing up plans to use petroleum coke for power generation and to produce syngas after the government banned use of the heavily polluting fuel in and around New Delhi.

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60% Of PMUY Beneficiaries Bought 4 LPG Refills: Dharmendra Pradhan

60% Of PMUY Beneficiaries Bought 4 LPG Refills: Dharmendra Pradhan

As many as four LPG cylinders are bought by about 60 per cent of the 3.2 crore poor women who were given free cooking gas connection, Oil Minister Dharmendra Pradhan said today.

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Jaitley Asks Industry To Invest In Infras

Jaitley Asks Industry To Invest In Infras

Finance Minister Arun Jaitley on Wednesday asked India Inc to make investments in the infrastructure sector to “build a stronger India”, even as industry leaders called for across-the-board reduction is tax rates for businesses and individuals to spur growth and increase overall tax collections.

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Reliance Infrastructure Bags Rs 5,000 Crore Contracts In Bangladesh

Reliance Infrastructure Bags Rs 5,000 Crore Contracts In Bangladesh

Reliance Infrastructure Ltd (RInfra) today announced it has bagged two contracts worth Rs 5,000 crore for a gas-based power plant and an Liquefied Natural Gas (LNG) terminal after international competitive bidding in Bangladesh.

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Central Railway To Go LED Way, To Save Rs13.14 Crore

Central Railway To Go LED Way, To Save Rs13.14 Crore

The Central Railway has entered into an agreement with Energy Efficiency Services Limited (EESL), a Central government undertaking, to provide LEDs in place of old fittings and energy-efficient fans, air-conditioners by replacing old ones in the current financial year.

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Indian Railways’s Agency Lists Bond On London Stock Exchange

Indian Railways’s Agency Lists Bond On London Stock Exchange

The Indian Railways’s financing arm today listed its first green bond on the London Stock Exchange with an aim to finance infrastructure for dedicated freight corridors and passenger transport in India.

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Railways Needs More Time On Track Maintenance In November 2017 Over November 2016, Says Official

Railways Needs More Time On Track Maintenance In November 2017 Over November 2016, Says Official

The Railways gave 21 per cent more time to track maintenance in November 2017 as compared to November 2016, the transport behemoth said today.

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China's CCTEB Partners Tulip To Build Infra Projects In India

China's CCTEB Partners Tulip To Build Infra Projects In India

China's leading construction firm CCTEB today announced partnership with realty company Tulip Infratech to develop infrastructure and real estate projects in India as it sees huge opportunities in these sectors.

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Indian Railways Will Now Compensate You For Undelivered Food

Indian Railways Will Now Compensate You For Undelivered Food

Long-distance train journeys can be quite taxing, especially when it comes to food. IRCTC (Indian Railway Catering and Tourism Corporation) had initiated e-catering services where one could order food from affiliated restaurants in advance, which would then be delivered to on a specific stop of the train.

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Delay In Highway Projects Could Disqualify Companies From Future Contracts

Delay In Highway Projects Could Disqualify Companies From Future Contracts

Companies delaying execution of highway projects may be disqualified from bidding in the next round of contracts as the government is mulling over a policy that would debar concessionaires from tenders of fresh road projects if the previous contracts of the same company have missed completion timelines.

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Govt Pushes For Railway Ticket Booking Via BHIM App

Govt Pushes For Railway Ticket Booking Via BHIM App

The Indian railways has started accepting payment made through Bharat Interface for Money (BHIM) app, a mobile application developed by National Payments Corporation of India.

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India Invites Norway To Invest In Green Transportation

India Invites Norway To Invest In Green Transportation

India on Wednesday invited Norwegian collaboration in transforming India's logistics sector and help develop the massive infrastructure to green the Indian transportation system.

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Mumbai-Saint Petersburg Route Opens Next Month: Here's More About The Project

Mumbai-Saint Petersburg Route Opens Next Month: Here's More About The Project

The International North South Transportation Corridor (INSTC), which will connect Mumbai and Saint Petersburg in Russia is set to be become operational by mid-January 2018, according to a report by The Economic Times.

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Tracks Sabotaged On Outskirts Earlier Too

Tracks Sabotaged On Outskirts Earlier Too

Railway track sabotage is nothing new in Lucknow. Keeping that in view, police are trying to ascertain if all of them were linked with a common motive.

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Maha Govt Issues Directive Instructing Central Govt Offices To Use Marathi Along With English, Hindi

Maha Govt Issues Directive Instructing Central Govt Offices To Use Marathi Along With English, Hindi

The Maharashtra government on Wednesday issued a directive to all central government departments reiterating that the use of Marathi language, along with English and Hindi, was compulsory.

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Indian Railways Repairing India’s Highest Broad-Gauge Freight Line On A 24*7 War-Footing; It’s No Mean Task!

Indian Railways Repairing India’s Highest Broad-Gauge Freight Line On A 24*7 War-Footing; It’s No Mean Task!

Indian Railways 'moving mountains' for connectivity! Well, not exactly mountains, but the national transporter has definitely had to divert a waterfall in the dense mountains of Araku valley to repair a 50-year old railway bridge.

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RInfra Wins Rs 5,000 Cr EPC Contracts In Bangladesh

RInfra Wins Rs 5,000 Cr EPC Contracts In Bangladesh

Reliance Infrastructure (RInfra) on Wednesday announced it has won two major engineering, procurement and construction (EPC) contracts in Bangladesh valued at Rs 5,000 crore through an international competitive bidding.

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Railways Make Private Hospitals Accessible To Over 27 Lakh Employees

Railways Make Private Hospitals Accessible To Over 27 Lakh Employees

In a significant decision, the Indian Railways has allowed its 13 lakh serving and 14 lakh retired employees and their families to avail medical treatment for serious ailments from private hospitals — including super speciality hospitals, and nursing homes.

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Rlys’ New Year Resolution: No Greeting Cards Or Bouquets

Rlys’ New Year Resolution: No Greeting Cards Or Bouquets

This new year, railways will only send greetings digitally and all its events will be sans the traditional presentation of bouquets.

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Not 165 Bps, Indian Railway Finance Corporation Prices Green Dollar Bonds At 145 Bps Over 10-year US Yield

Not 165 Bps, Indian Railway Finance Corporation Prices Green Dollar Bonds At 145 Bps Over 10-year US Yield

Indian Railway Finance Corporation (IRFC), the finance arm of Indian Railways, priced its green dollar bonds on Tuesday at 145 basis points (bps) over the 10-year US Treasury yield.

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Bharat Forge: Valuation Surges As Order Inflows Inspire Confidence

Bharat Forge: Valuation Surges As Order Inflows Inspire Confidence

Kalyani Group’s flagship firm Bharat Forge Ltd’s shares jumped 3.5% on Tuesday, energized by strong order flows from the US market. A 68% year-on-year jump in orders from North America’s Class-8 truck segment was the trigger.

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Can We Repair The Train While It Is Running?

Can We Repair The Train While It Is Running?

Indian trains run at an average speed of 50-70km per hour — fairly low when compared to the trains in developed countries. Yet, train accidents in India are phenomenally higher in comparison.

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