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June 22, 2018, Friday

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

OFF-BEAT/STORY OF THE DAY

2G Case Verdict: CBI Court Acquits A Raja, Kanimozhi And All Other Accused

2G Case Verdict: CBI Court Acquits A Raja, Kanimozhi And All Other Accused

A special CBI court on Thursday acquitted former telecom minister A Raja, DMK supremo Karunanidhi’s daughter Kanimozhi and other accused of all charges in the 2G spectrum allocation cases — famously known as 2G ‘scam’ and often described as the biggest corruption scandal in India.

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7th Pay Commission Blamed For This Big Negative Impact By Arun Jaitley

7th Pay Commission Blamed For This Big Negative Impact By Arun Jaitley

inance Minister Arun Jaitley has said that higher inflation last month was due to the 7th Pay Commission pay-out and the higher oil prices, CNBC-TV18 reported on Thursday.

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Mahindra Keen To Move Towards High-powered Diesel Gensets

Mahindra Keen To Move Towards High-Powered Diesel Gensets

Mahindra Powerol, a unit of the Mahindra Group, today said it is in talks with a number of global and domestic players for a technology tie-up to launch high power diesel generator sets in 500 kVA and above category in the next two years.

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NHPC Board Allows Amendment To Apply To CERC For Trade Licence

NHPC Board Allows Amendment To Apply To CERC For Trade Licence

The NHPC Board today approved amending the company's MoA to enable it to apply to power regulator CERC for trading licence.

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Lenders Scout For New Owner For JP Group Arm Prayagraj Power

Lenders Scout For New Owner For JP Group Arm Prayagraj Power

A State Bank-led consortium of lenders has invited bids to sell majority stake in debt- ridden Prayagraj Power Generation Company (PPGCL), an arm of Jaiprakash Power Ventures.

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Centrum-Led Investors Put Rs 100 Cr In Solar Power Firm Waaree Via Structured Credit Deal

Centrum-Led Investors Put Rs 100 Cr In Solar Power Firm Waaree Via Structured Credit Deal

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

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3 Maharashtra Power Utilities Yet To Repay Rs 66-k Crore Loan: Minister

3 Maharashtra Power Utilities Yet To Repay Rs 66-k Crore Loan: Minister

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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PTC India Removes Kulamani Biswal From Its Board

PTC India Removes Kulamani Biswal From Its Board

PTC India said Kulamani Biswal, nominee director of state-run NTPC, has ceased to be a director on its board with effect from December 19.

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Govt Proposes Rs 23,450-cr Scheme For Rooftop Solar

Govt Proposes Rs 23,450-cr Scheme For Rooftop Solar

The Ministry of New and Renewable Energy has proposed SRISTI -- Sustainable Rooftop Implementation for Solar Transfiguration of India – scheme to incentivise the installation of rooftop solar projects in India.

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Wind Power Prices Crash To Rs 2.43 In Gujarat Tender

Wind Power Prices Crash To Rs 2.43 In Gujarat Tender

Price of wind power crashed to Rs 2.43 a kWhr in tariff-based capacity auction of Gujarat's utility, Gujarat Urja Vikas Nigam Ltd (GUVNL). GUVNL has announced that a company called Sprng Energy Pvt Ltd has quoted that price, bidding for 197.5 MW of the 500 MW auctioned by GUVNL.

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Environment Ministry’s Panel Clears 800 MW Bursar Hydroelectric Project In J&K

Environment Ministry’s Panel Clears 800 MW Bursar Hydroelectric Project In J&K

An expert panel of the union environment ministry has cleared the 800 megawatt (MW) Bursar hydroelectric project in Jammu and Kashmir.

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ArcelorMittal Agrees To Pay $1.5 Million In Coke Plant Lawsuit

ArcelorMittal Agrees To Pay $1.5 Million In Coke Plant Lawsuit

A subsidiary of European steel giantArcelorMittal has agreed to pay $1.5 million to settle a lawsuit over allegations that its western Pennsylvania coke plant had violated emissions requirements over soot and other pollutants almost daily

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Pollution Board Gets Tough With Coal Handlers

Pollution Board Gets Tough With Coal Handlers

Days after chief minister Manohar Parrikar promised the House to monitor pollution levels after the assembly unanimously passed a resolution against coal pollution.

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SHAKTI Coal Linkage Bidding: 10,000 MW Of Stressed Units To Get Supply

SHAKTI Coal Linkage Bidding: 10,000 MW Of Stressed Units To Get Supply

The first bidding under the new scheme of the Centre, “SHAKTI coal scheme” to provide coal to private power units would see the revival of 10,000 MW worth of generating units of Adani Power, Lalitpur (Bajaj Hindustan), KSK Mahanadi, GMR Energy, GVK among eight others.

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OPINION: How India Can Ensure High Quality Power Transmission

OPINION: How India Can Ensure High Quality Power Transmission

The impact of electricity on development is deeply underrated. At one stroke, reliable electricity supply can lead to improved health, improved productivity and unlimited access to the world outside.

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ReNew Power Picks Goldman Sachs, Kotak, JM Financial For Planned $700 Million IPO

ReNew Power Picks Goldman Sachs, Kotak, JM Financial For Planned $700 Million IPO

India’s largest clean energy producer, Re-New Power, has picked Goldman Sachs, Kotak and JM Financial to advise on a planned $700 million (Rs 4,480 crore) initial public offering of shares that could see some of its early investors such as Goldman Sachs and Abu Dhabi Investment Authority make a partial exit, people briefed on the matter said.

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Coal's Resilience Today Will Prove Its Ultimate Downfall

Newcastle, the Australian port that's the biggest export harbor for thermal coal, is planning a shift away from the commodity that generates the overwhelming majority of its trade volumes.

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Govt To Achieve Target Of 100 GW Of Solar Power By 2022: Singh

Govt To Achieve Target Of 100 GW Of Solar Power By 2022: Singh

The government is confident of achieving the target of 100 Giga Watt (GW) of solar power capacity by 2022, Power Minister R K Singh said today.

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Proposed NTPC Plant Faces Road Blocks

Proposed NTPC Plant Faces Road Blocks

Due to abnormal delay in executing the project, the National Thermal Power Corporation (NTPC) has almost withdrawn their staff and officers from the site office of the 4,000 MW Thermal Power Plant in the district.

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ONGC Organises Para Games For Specially-Abled Employees

ONGC Organises Para Games For Specially-Abled Employees

The Oil and Natural Gas Corporation (ONGC) has become one of the first corporates to provide a platform that promotes participation of specially abled employees in various sports and showcases their talents.

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Putin, Saudi King Agree To Continue Cooperation To Keep Oil Prices Stable

Putin, Saudi King Agree To Continue Cooperation To Keep Oil Prices Stable

Saudi Arabia's King Salman and Russian President Vladimir Putin held a telephone conversation on Thursday during which they agreed to continue close cooperation to ensure stability on global hydrocarbon markets, the Kremlin said in a statement.

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India To Hire Consultant For Setting Up First Gas Trading Exchange – Mr Pradhan

India To Hire Consultant For Setting Up First Gas Trading Exchange – Mr Pradhan

ET cited petroleum minister Mr Dharmendra Pradhan as saying that India's oil ministry has asked its arm Oil Industry Development Board (OIDB) to engage a consultant for setting up the country's first gas trading exchange.

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Iraq Oil Ministry Says Has Started To Take Over Operations Of Majnoon Oil Field

Iraq Oil Ministry Says Has Started To Take Over Operations Of Majnoon Oil Field

Iraq's oil ministry said on Thursday it had started to take over the operations of the Majnoon oil field from Royal Dutch Shell.

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Oil Market Capped As U.S. Output Fast Approaches 10 Million Bpd

Oil Market Capped As U.S. Output Fast Approaches 10 Million Bpd

Oil prices were stable on Thursday, supported by falling crude inventories in the United States but capped by output that is fast approaching 10 million barrels per day, a level only surpassed by Saudi Arabia and Russia.

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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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GAIL Seeks Reworking Of Us LNG Contract

GAIL Seeks Reworking Of Us LNG Contract

State-owned gas utility GAIL India Ltd has sought renegotiating the price of LNG contracted from the US, Oil Minister Dharmendra Pradhan said today.

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BPCL Sends Proposal To Oil Ministry To Iintegrate With GAIL, Oil India

BPCL Sends Proposal To Oil Ministry To Iintegrate With GAIL, Oil India

State-owned oil refiner Bharat Petroleum Corporation Ltd (BPCL) has written to the oil ministry proposing its integration with gas-transmission utility GAIL or upstream firm Oil India Ltd (OIL), petroleum minister Dharmendra Pradhan said today.

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Compliance With Crude Oil Output Cuts At Highest Level: Kuwait Minister

Compliance With Crude Oil Output Cuts At Highest Level: Kuwait Minister

The compliance of OPEC and independent producers with oil output cuts in force since January reached an unprecedented level of 122 percent last month, Kuwait's oil minister said Wednesday.

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Gayatri Projects Bags Order Worth Rs 1,339Cr

Gayatri Projects Bags Order Worth Rs 1,339Cr

Gayatri Projects has secured a Rs1,339cr contract in joint venture with public joint stock company 'Kyivmetrobud' i.e. Gayatri-KMB (JV) from National Highways Authority of India for construction of stand along ring road/ bypass around Jammu City in the state of Jammu and Kashmir.

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Reliance Infrastructure Sells Mumbai Power Business To Adanis For Rs 18.8 Thousand Crore

Reliance Infrastructure Sells Mumbai Power Business To Adanis For Rs 18.8 Thousand Crore

Reliance Infrastructure today signed an agreement to sell its Mumbai power business to Adani Transmission for a total consideration of Rs 18,800 crore.

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ABB India Gets Rs134cr Order For Indian Railways

ABB India Gets Rs134cr Order For Indian Railways

ABB India has won an order worth Rs134cr to supply state-of-the-art traction equipment for electric locomotives, manufactured by Chittaranjan Locomotive works (CLW).

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A University For Railways? Vadodara To Soon Have India’s First Ever Dedicated Institute

A University For Railways? Vadodara To Soon Have India’s First Ever Dedicated Institute

India’s first ever National Rail and Transport University (NRTU) finally finds the green flag by the Union Cabinet, after being stalled for more than three years since initial proposal was placed.

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‘India Issued Demarches To Pak, China On PaK Dams’

‘India Issued Demarches To Pak, China On PaK Dams’

India has issued demarches to both Pakistan and China conveying its position on construction of dams on the Indus river in Pakistan-administered-Kashmir (PaK) by the Pakistani government with assistance committed to these projects by China, the government said on Wednesday.

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Train Service Resumes After Two Days In Kashmir

Train Service Resumes After Two Days In Kashmir

Train service resumed on Thursday after remaining suspended for two days due to security reasons in the Kashmir valley.

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Special Trains Extended To Clear Holiday Rush

Special Trains Extended To Clear Holiday Rush

To clear the holiday rush of passengers, East Coast Railway has decided to extend special train services and change the timings of some special trains.

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Retired Railmen Can Be Rehired Till 65

Retired Railmen Can Be Rehired Till 65

Retired railway employees will be re-appointed to fill up existing vacancies in the technical and operations departments till the railway ministry decides to undertake a full-fledged recruitment drive.

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30 Trains Delayed, 15 Cancelled Due To Fog, Low Visibility In Delhi

30 Trains Delayed, 15 Cancelled Due To Fog, Low Visibility In Delhi

A total of 30 trains were delayed, 11 rescheduled and 15 others were cancelled due to fog, low visibility and other operational reasons in Delhi.

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