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September 26, 2018, Wednesday

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

STORY OF THE DAY

The Dream Of India’s First Ever Rail University Is Now A Reality! Narendra Modi Cabinet Approves It, To Come Up In Gujarat

The Dream Of India’s First Ever Rail University Is Now A Reality! Narendra Modi Cabinet Approves It, To Come Up In Gujarat

In a major boost for Indian railways, the Cabinet today approved the project to set up India’s first National Rail and Transport University (NRTU).

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MUST READ

BPCL Keen To Merge With GAIL, Oil India: Report

BPCL Keen To Merge With GAIL, Oil India: Report

State refiner Bharat Petroleum is keen to integrate with GAIL and Oil India, news agency Reuters reported on Wednesday, citing Oil Minister Dharmendra Pradhan's written reply to lawmakers.

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Govt Favours GST On Petrol, Diesel But States’ Consensus Needed: Arun Jaitley

Govt Favours GST On Petrol, Diesel But States’ Consensus Needed: Arun Jaitley

The centre is in favour of bringing petroleum products under the goods and services tax (GST) regime, but is waiting for a consensus to emerge among states, finance minister Arun Jaitley said on Tuesday.

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Coal India Ups Production; Stocks In Power Plants To Ease By January

Coal India Ups Production; Stocks In Power Plants To Ease By January

Availability of coal stocks with the country's thermal power plants is expected to normalise to a large extent by mid-January as state-owned Coal India Ltd (CIL) has been able to step up production and debottleneck its supply network to a large extent after freeing up the railway rakes.

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Wind Tariff Competitiveness To Remain A Challenge: ICRA

Wind Tariff Competitiveness To Remain A Challenge: ICRA

Even as the tariff competitiveness of wind energy has improved as against the conventional energy sources, its viability continues to be a challenge, says ICRA.

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Centrum Invests Rs 100 Crore In Solar Power Firm Waaree

Centrum Invests Rs 100 Crore In Solar Power Firm Waaree

Waaree Energies Limited, an integrated solar power solutions company has raised Rs 100 crore through a structured financing deal from Centrum Financial Services Limited, as the Mumbai-based alternate energy equipments firm intends to expand capacity.

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U.S. Takes India Back to WTO in Solar Power Dispute

U.S. Takes India Back to WTO in Solar Power Dispute

India has failed to comply with a World Trade Organization ruling on solar power, the United States will tell the WTO’s dispute settlement body (DSB) next month, triggering a fresh round of litigation, according to an agenda issued on Wednesday.

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Rays Future Energy Executes 60MW of Capacity Under Open Access

Rays Future Energy Executes 60MW of Capacity Under Open Access

Rays Future Energy, a subsidiary of integrated solar power company Rays Power Infra, today said it is executing 60MW of capacity under open access systems in Karnataka, to be completed by the end of the current fiscal.

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CIL Looking to Buy Stakes in Overseas Coking Coal Mines

CIL Looking to Buy Stakes in Overseas Coking Coal Mines

The government today said state-owned Coal India is hunting potential avenues for buying stakes in coking coal blocks overseas.

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3 Maha Power Utilities Yet to Repay Rs 66-k Crore Loan: Min

3 Maha Power Utilities Yet to Repay Rs 66-k Crore Loan: Min

Maharashtra Energy Minister Chandrashekhar Bavankule told the Legislative Assembly today that all the three state-run electricity companies are yet to repay loan worth nearly Rs 66,000 crore.

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Coal Demand to Grow 4% a Year Till 2022

Coal Demand to Grow 4% a Year Till 2022

India’s coal demand is expected to grow at about 4% a year up to 2022 as thermal power plants generate more to meet strong demand, analysts say. However, imports are expected to fall, except for coking coal which is projected to rise 5% a year.

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Ljungstrom Wins Equipment Supply Contract for UP Power Plants

Ljungstrom Wins Equipment Supply Contract for UP Power Plants

German thermal power plant solutions provider Ljungstrom announced it has won a contract to supply air preheaters and gas-gas heaters to two coal-fired power plants in Uttar Pradesh.

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Power Sector- Getting the Sequence Right

Power Sector- Getting the Sequence Right

In 2005, many new private sector players entered the power sector. A glance at the last decade or so shows that India’s power sector has changed significantly. 

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India's Sterlite Wins 1,800km Power Line Project in Brazil

India's Sterlite Wins 1,800km Power Line Project in Brazil

India's Sterlite Power Transmission has won a contract to build 1,800km of power lines in northern Brazil, beating out international competitors to make what it claims would be the largest investment in Latin America by an Indian company.

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India-EU Commitment to Renewable Energy Generation Strengthened Through Usd 400mn Initiative

India-EU Commitment to Renewable Energy Generation Strengthened Through Usd 400mn Initiative

Expansion of renewable energy power generation across India will be supported by a new USD 400-million joint initiative backed by the European Investment Bank and YES BANK, whereby the latter will manage the new co-financing programme for the construction of new solar power plants and wind farms across the country.

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Create Standby Pool to Save Grid From Dip in Green Power: CEA

Create Standby Pool to Save Grid From Dip in Green Power: CEA

Central Electricity Authority of India has called for creating a flexible standby capacity to protect electricity grid in case the generation from renewable energy plants drop.

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BEST May Extend Tata Power Pact

BEST May Extend Tata Power Pact

BEST may petition the Maharashtra Electricity Regulatory Commission (MERC) for a six-month extension of its power purchase agreement with Tata Power if open market bidding to pick the next supplier does not happen by March 31, when the present agreement expires.

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Board of Coal India Approves Introduction of Evacuation Facility Charges

Board of Coal India Approves Introduction of Evacuation Facility Charges

The Board of Coal India at its meeting held on 19 December 2017 has approved the introduction of Evacuation Facility Charges @ Rs 50 per tonne for despatch of coal on all despatches except despatch through rapid loading arrangement. 

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Essar Oil UK Working On Plan To Prepare The Company For Next Growth Phase

Essar Oil UK Working On Plan To Prepare The Company For Next Growth Phase

Essar Oil UK is working on a "reconfiguration" plan which may entail big investments to prepare the company for its next growth phase.

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Essar Oil UK H1 Profit Jumps 231% To $169 Million

Essar Oil UK H1 Profit Jumps 231% To $169 Million

Essar Oil (UK) Ltd, which owns and operates UK’s Stanlow Refinery, posted its highest-ever half-year net profit, helped by high refining margins and forex gains, the company said on Wednesday.

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Niti Aayog to Set Up Methanol Economy Fund

Niti Aayog to Set Up Methanol Economy Fund

Niti Aayog plans to set up a Methanol Economy Fund worth Rs 4,000-5,000 crore to promote production and use of the clean fuel. The government think is aiming at generation of the fuel by converting high ash content coal into methanol and such a plant is expected to be set up by Coal India.

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Dominion Energy Denies LNG Contract Renegotiations

Dominion Energy Denies LNG Contract Renegotiations

Dominion Energy Inc said on Tuesday it had no plans to renegotiate any of its liquefied natural gas sales contracts, a day after India's oil minister said state-owned gas processor GAIL (India) Ltd was renegotiating deals with Dominion and another U.S. producer.

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Petrol Pump Chip Scam: A Password To Fill Up Tanks At Retail Outlets Soon

Petrol Pump Chip Scam: A Password To Fill Up Tanks At Retail Outlets Soon

After a wake-up call from Uttar Pradesh's petrol pump chip scam, government-owned oil marketing companies Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) are tightening end-to-end monitoring of product movement and dispensing.

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No Methane Exploration by ONGC in Tamil Nadu: Union Minister

No Methane Exploration by ONGC in Tamil Nadu: Union Minister

There are no coal bed methane (CBM) or shale exploration activities going on in Tamil Nadu and neither is ONGC carrying out nor have any plans for the same in the Cauvery Basin or in Kathiramangalam village, Dharmendra Pradhan, Union minister for petroleum and natural gas, has stated in a reply to a question raised in the Lok Sabha on Monday.

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Will Include Petroleum in GST After Consensus, Says Finance Minister Arun Jaitley

Will Include Petroleum in GST After Consensus, Says Finance Minister Arun Jaitley

The Centre favours including petroleum products in the ambit of GST but it would want a consensus with the states before taking such a step, Finance Minister Arun Jaitley said on Tuesday. 

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Over One Lakh Safety-Related Posts in Railways Lying Vacant: Government

Over One Lakh Safety-Related Posts in Railways Lying Vacant: Government

Over one lakh posts related to the railways' safety mechanism were vacant as of April 2017, the government informed Parliament today.

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Konkan Rail, IIT-B Tie-up to Strengthen Tunnel Tech Institute

Konkan Rail, IIT-B Tie-up to Strengthen Tunnel Tech Institute

The Konkan Railway has signed an MoU with the Indian Institute of Technology-Bombay (IIT-B) to make its George Fernandes Institute of Tunnel Technology in Goa a world-class centre of knowledge in tunnel and underground structure technologies.

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Two Railways Staff Abducted, Allegedly by Naxalites, in Bihar

Two Railways Staff Abducted, Allegedly by Naxalites, in Bihar

Two Railways officials were abducted, allegedly by a group of Naxalites, from Bihar's Madhusudan Halt stationalate on Tuesday night.The group reportedly also set fire to railway property at the station. There are no reports yet of any casualties.

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All Railway Stations to Be 100% LED Lit by March 2018

All Railway Stations to Be 100% LED Lit by March 2018

In a bid to save about 240 Million Units of Electricity annually, the Ministry of Railways is actively working to provide 100% LED lighting for its most of the Non-traction Energy needs like Railway Staff Colonies, Railway Stations, and Railway Platforms etc.

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Complaints on Bio-Toilets Rise as Funds Remain Underutilised, Finds CAG

Complaints on Bio-Toilets Rise as Funds Remain Underutilised, Finds CAG

Even as 50% of funds allocated for retro fitment of bio-toilets in coaches remained underutilised during financial year 2016-17, around 200,000 complaints relating to choking, foul-smelling and non-functional bio-toilets were received during the year, the Comptroller and Auditor General of India (CAG) said in a report on Tuesday.

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Shallow Fog in Delhi, 54 Trains Delayed

Shallow Fog in Delhi, 54 Trains Delayed

A layer of shallow fog engulfed the national capital this morning resulting in delay of 54 north-bound rail services and rescheduling 12 others.

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Work on Country’s First Undersea Tunnel for Bullet Train Begins in Mumbai

Work on Country’s First Undersea Tunnel for Bullet Train Begins in Mumbai

The legwork for India’s first undersea tunnel, part of the Prime Minister’s ambitious Mumbai-Ahmedabad bullet train corridor, has taken off in the city.

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