GOOD EVENING INDIA

August 16, 2018, Thursday

Your Evening News Updates From Across The Media Space 

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Oil Hits $70 Per Barrel As China Offers Soothing Words On Trade

Oil Hits $70 Per Barrel As China Offers Soothing Words On Trade

Oil hit $70 a barrel on Tuesday, in its biggest two-day rally in nearly a month, as investors grew more confident that a brewing trade dispute between the United States and China may be resolved without causing harm to the global economy.

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World's Largest Solar Park To Come Up In Gujarat: CM Vijay Rupani

World's Largest Solar Park To Come Up In Gujarat: CM Vijay Rupani

Gujarat Chief Minister Vijay Rupani on Tuesday approved setting up a 5000 MW capacity solar park at the Dholera Special Investment Region (SIR), which would be the largest such entity in the world after its completion.

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2,500 mw of power purchase pacts to be auctioned soon

2,500 mw of power purchase pacts to be auctioned soon

The government will soon kick off pilot auction of medium-term power purchase agreements for 2,500 mw of electricity, ending a six-year long spell of state governments restricting electricity procurement from power plants.

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Green Bodies Urge Govt To Keep Eye On Badarpur Emissions

Green Bodies Urge Govt To Keep Eye On Badarpur Emissions

The green bodies of the Capital along with the Delhi Pollution Control Board and the Central government agencies will keep a tab on the emission levels of the Badarpur Power Plant as it has been earlier identified as one of the most polluting thermal power plants in India.

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Meghalaya To Bring Resolution On Lifting Coal Mining Ban

Meghalaya To Bring Resolution On Lifting Coal Mining Ban

Meghalaya Power Minister James K Sangma today said the state government is hopeful to bring about a resolution to lift the ban on coal mining in the state to ensure that the two thermal power projects, with an installed capacity of 740 MW, will not face difficulty.

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Adani Group's Jharkhand Power Plant Would Not Help Bangladesh But Prop Up Its Australia Coal Project, Claims Sydney NGO

Adani Group's Jharkhand Power Plant Would Not Help Bangladesh But Prop Up Its Australia Coal Project, Claims Sydney NGO

The Adani group’s proposed 1,600 megawatt power project in Jharkhand is an expensive and risky project meant to “prop up” its controversial Carmichael coal mine in Australia at the cost of Bangladesh, the Sydney-based Institute for Energy Economics and Financial Analysis (IEEFA) has claimed in a report.

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A New R&D Lab To Help The Small Hydro Power Projects

A New R&D Lab To Help The Small Hydro Power Projects

It is estimated that India has the potential to generate 20,000 MW of power from small hydro power projects alongside rivers and irrigation canals.

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Visibility Over Resolution Of Stressed Thermal Capacity Remains Weak: ICRA

Visibility Over Resolution Of Stressed Thermal Capacity Remains Weak: ICRA

The possibility of resolution of issues of 60 Gigawatt of stressed thermal power capacity is expected to remain weak due to concerns including absence of fresh-long term power purchase agreements, unviable tariffs amidst rising fuel costs, escalation in capital costs and uncertainty on domestic gas availability, research and ratings agency ICRA said.

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Pro-poor Move Makes India 2nd Largest LPG Importer

Pro-poor Move Makes India 2nd Largest LPG Importer

India is the world’s second largest importer of LPG (liquefied petroleum gas) after China and remains ahead of Japan as the Modi government’s drive to provide clean cooking fuel to millions of poor families expanded household demand by nearly 8% in 2017-18.

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India Prepared To Give Saudi Aramco 50 Pct Stake In Planned Mega Refinery - Source

India Prepared To Give Saudi Aramco 50 Pct Stake In Planned Mega Refinery - Source

India is set to grant Saudi Aramco a 50 percent stake in a planned 1.2 million barrels per day west coast refinery, said an industry source privy to the deal, in a move that would give the kingdom a new stable outlet for its oil.

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ONGC, Reliance In Talks With Customers To Sell East Coast Gas

ONGC, Reliance In Talks With Customers To Sell East Coast Gas

India's Oil and Natural Gas Corp Ltd and Reliance Industries Ltd have started discussions with buyers to sell natural gas from their fields in the Bay of Bengal that are expected to start production over the next three years.

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Iran Agrees To Take All Of Gas From ONGC Videsh-discovered Farzad-b Field

Iran Agrees To Take All Of Gas From ONGC Videsh-discovered Farzad-b Field

Iran has agreed to take the gas produced from the ONGC Videsh Ltd-discovered Farzad-B field in the Persian Gulf, but differences remain over returns on investments made by the Indian firm.

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India Looks To Use New-found Clout To Seek Better Oil Bargains

India Looks To Use New-found Clout To Seek Better Oil Bargains

India is aiming to drive harder bargains with global oil producers, including Saudi Arabia, during bilateral meetings at a conference of energy ministers this week, officials said, leveraging its strength as the world's third-biggest crude importer.

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Oil Ministers, Executives To Debate Energy Future

Oil Ministers, Executives To Debate Energy Future

Oil ministers from key producing and consuming countries and top executives of international oil firms have gathered in New Delhi to debate the way ahead for the energy sector at the 16th International Energy Forum (IEF) Ministerial.

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All You Need To Know About The Rail Projects Launched By Modi In Bihar

All You Need To Know About The Rail Projects Launched By Modi In Bihar

Prime Minister Narendra Modi launched three rail projects in Bihar's Motihari on Tuesday.

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In Bihar, PM Modi Dedicates Madhepura Electric Loco Factory To Nation

In Bihar, PM Modi Dedicates Madhepura Electric Loco Factory To Nation

Prime Minister Narendra Modi on Tuesday dedicated to the nation the Madhepura electric locomotive facility and flagged off the first engine manufactured there through a remote device from Motihari.

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Indian Railways To Soon Get Country's Most-Powerful Train Engine

Indian Railways To Soon Get Country's Most-Powerful Train Engine

Prime Minister Narendra Modi on Tuesday flagged off three Indian Railway projects in Bihar's Madhepura.

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Colaba-bandra-SEEPZ Route: Metro 3 Will Be Delayed By Six Months, MMRC Tells Govt

Colaba-bandra-SEEPZ Route: Metro 3 Will Be Delayed By Six Months, MMRC Tells Govt

The delay also means a loss of Rs 4.25 crore per day, which means a total cost overrun of Rs 765 crore.

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Essar Ports Plans To Invest Rs 4.5-bn At Gujarat’s Hazira This Year

Essar Ports Plans To Invest Rs 4.5-bn At Gujarat’s Hazira This Year

Essar Ports has said it will invest $63 million (about Rs 4.5 billion) during 2018-19 in expanding the cargo-handling capacity of its Hazira port in Gujarat to 50 million tonnes (mt), raising the company’s capacity to 110 mt, a senior company executive said.

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Foreign Direct Investment (FDI) Inflow In Indian Railways, Signalling Equipment And Locomotives

Foreign Direct Investment (FDI) Inflow In Indian Railways, Signalling Equipment And Locomotives

Foreign Direct Investment (FDI) equity inflow from April 2014 to December 2017 in Railway sector is US$ million 389.83. The financial year-wise break up is as under:-

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Metro Rail India Summit 2018 – On The Fast Track

Metro Rail India Summit 2018 – On The Fast Track

If one chronicles the journey of metro rail projects in India, it surely would make for an interesting read. For starters

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