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September,24,2018,Monday

WEEKLY NEWS UPDATES IN POWER/COAL/MINES/RE

Berkshire Energy Unit Names CEO To Replace Potential Buffett Successor

Berkshire Energy Unit Names CEO To Replace Potential Buffett Successor

Berkshire Hathaway Inc's energy unit on Thursday named William Fehrman as its new chief executive to replace Gregory Abel, who was promoted a day earlier to oversee more Berkshire units, and potentially succeed Warren Buffett.

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CCI Issues Order Against Nair Coal Services

CCI Issues Order Against Nair Coal Services

The Competition Commission of India (CCI) on Thursday issued an order against Nair Coal Services Pvt. Ltd., Karam Chand Thapar and Bros (CS) Ltd. and Naresh Kumar and Co. Pvt. Ltd. for rigging bids and dividing market by forming hardcore cartel in respect of tenders floated by Maharashtra State Power Generation Co. Ltd.(MAHAGENCO) for procuring coal liasoning services.

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Haryana Govt To Set Up Multi Modal Transit Centres

Haryana Govt To Set Up Multi Modal Transit Centres

The Haryana government has green-lit a proposal to set up multi modal transit centres (MMTC) at Gurugram, Faridabad, Bahadurgarh and Kundli, an official spokesman said today.

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NCLT Nod To Initiate Insolvency Against Bhushan Energy

NCLT Nod To Initiate Insolvency Against Bhushan Energy

The National Company Law Tribunal (NCLT) has directed initiating insolvency proceedings against Bhushan Energy Ltd after admitting a plea from the country's largest lender State Bank of India (SBI).

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Stressed Power Plants Need Enforceable PPAs, Everything Else Is Hogwash

Stressed Power Plants Need Enforceable PPAs, Everything Else Is Hogwash

The global economy is recovering at a snail’s pace. However, there are structural changes underway. Electricity is fast emerging as the primary choice of fuel in automobiles, instead of petrol and diesel. On the supply side, renewables are replacing conventional thermal-based energy sources.

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Duke Energy Agrees To Pay $84,000 Penalty For Coal Ash Leaks

Duke Energy Agrees To Pay $84,000 Penalty For Coal Ash Leaks

The country's largest electricity company will pay an $84,000 penalty and work to stop potentially toxic waste from three North Carolina coal-burning power plants from leaking into groundwater and nearby rivers under a deal with state regulators announced Tuesday.

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CIL Shares Jump Over 8 Per Cent On Hike In Non-Coking Fuel Price

CIL Shares Jump Over 8 Per Cent On Hike In Non-Coking Fuel Price

Shares of Coal India (CIL) today surged over 8 per cent after the company said its board has approved a hike in non-coking coal prices for both power and non-power consumers with immediate effect.

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India Rejects Us Solar Claim At WTO, Explores New Defence

India Rejects Us Solar Claim At WTO, Explores New Defence

India hit back on Monday at Washington’s latest legal assault on its solar power policies at the World Trade Organization, rejecting a U.S. legal claim and exploring possible new protection of India’s own solar industry.

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