GOOD EVENING INDIA

June 20, 2018, Wednesday


Your Evening News Updates From Across The Media Space 

BEE Conducts Training Workshop For ESCOs On Energy Efficiency Financing

BEE Conducts Training Workshop For ESCOs On Energy Efficiency Financing

The Bureau of Energy Efficiency (BEE)in collaboration with Delhi State Designated Agencies (SDA) and International Finance Corporation (IFC) conducted a training workshop for Energy Services Companies (ESCOs) on energy efficiency financing in New Delhi.

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Decoding the link between NuPower's largest shareholder and Panama papers

Decoding the link between NuPower's largest shareholder and Panama papers

The largest shareholder in NuPower Renewables shares an address with an entity named in the Panama Papers, a global exposé of offshore financial dealings that came to light in 2016.

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ArcelorMittal hits out at JSW, calls Ispat Monnet decision 'mockery'

ArcelorMittal hits out at JSW, calls Ispat Monnet decision 'mockery'

In the battle for Essar Steel, Monnet Ispat & Energy, bagged by the JSW-AION combine under the Insolvency and Bankruptcy Code (IBC), has been caught in the crossfire.

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India moves to auction its first offshore wind energy project

India moves to auction its first offshore wind energy project

In what will help boost its clean energy commitments, India has called for expression of interest (EoI) for the first offshore wind energy project in the country that is being set up in Gulf of Khambat, off the coast of Gujarat, according to a government statement.

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Solar Power Products Market Increasing Demand With Key Players: Tata Power Solar Systems, Vikram Solar, Fourth Partner Energy

Solar Power Products Market Increasing Demand With Key Players: Tata Power Solar Systems, Vikram Solar, Fourth Partner Energy

Tata Power Solar Systems, Vikram Solar, Fourth Partner Energy, Vorks Energy, Scorpius Trackers, Topsun Energy, Waaree Energies, Shakti Pumps (India), Elecomponics Technologies & Zenith Solar Systems.

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Power companies seek more time for debt resolution of stressed assets

Power companies seek more time for debt resolution of stressed assets

Fearing Reserve Bank of India’s revised guidelines for stressed assets may force some 75,000 mw of coal-fired power projects into bankruptcy, the Association of Power Producers has requested the government to relax timelines of the new rules for the sector.

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GE Power completes NTPC's first WFGD unit at Vindhyachal plant

GE Power completes NTPC's first WFGD unit at Vindhyachal plant

GE Power today announced the completion of first turnkey full flow wet flue gas desulphurization (WFGD) unit at state power giant NTPC's 500 MW Super Thermal Power project site in Vindhyachal, Madhya Pradesh.

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Jharkhand CM reviews power situation, calls for improved supply

Jharkhand CM reviews power situation, calls for improved supply

Jharkhand Chief Minister Raghubar Das today said electricity should be made available to 252 villages identified for 'Gaon Swaraj Campaign' between April 14 and May 5, according to an official release today.

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Greek power grid launches international tender for Crete link project

Greek power grid launches international tender for Crete link project

Greece's power grid operator has launched an international open tender for a project linking the island of Crete to the mainland grid via undersea cables, the energy ministry said on Wednesday.

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Government floats proposal for India's first offshore wind project

Government floats proposal for India's first offshore wind project

The government has invited the industry to explore India’s first offshore wind energy project proposal, following its plans to achieve 5 GW project capacity by 2022 in this area which has not yet been explored in the country.

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EDP bullish on U.S. renewable power despite Trump's support for coal

EDP bullish on U.S. renewable power despite Trump's support for coal

EDP-Energias de Portugal is optimistic about renewable power investments in the United States, despite President Donald Trump's push to support coal and nuclear power plants and a tariff his administration slapped on imported solar panels, its chief executive said in an interview.

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China coking coal, coke sink over 3 pct on slow demand, trade woes

China coking coal, coke sink over 3 pct on slow demand, trade woes

Coking coal and coke futures in China fell more than 3 percent on Thursday, pressured by slow seasonal demand for steel in the world's top consumer, with fellow raw material iron ore also weaker.

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China's CNOOC plans LNG sale on Shanghai gas exchange next week

China's CNOOC plans LNG sale on Shanghai gas exchange next week

China National Offshore Oil Corp (CNOOC) will next week auction one or two cargoes of liquefied natural gas (LNG) for delivery later in the year on the Shanghai Petroleum and Gas Exchange, the state-controlled company's first such deal.

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Meet Narendra Modi’s Most Under-appreciated Friend ‘oil’, Which Is About To Slow Him Before 2019

Meet Narendra Modi’s Most Under-appreciated Friend ‘oil’, Which Is About To Slow Him Before 2019

One under-appreciated factor behind Narendra Modi’s success as Indian prime minister has been the tailwind he’s received from low oil prices. Brent crude averaged $99.43 a barrel during his predecessor Manmohan Singh’s second term in office,

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India’s oil woes to continue? OPEC production cut may double this year; here’s why

India’s oil woes to continue? OPEC production cut may double this year; here’s why

The deal OPEC struck in 2016 to clear a global glut by halting a significant chunk of oil production took almost a year of bargaining and brinkmanship. By year-end, the group may have lost the same amount of crude unintentionally.

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Second wave of shale coming; US alone will meet two-thirds of oil demand growth: Fatih Birol, IEA

Second wave of shale coming; US alone will meet two-thirds of oil demand growth: Fatih Birol, IEA

The International Energy Agency has cautioned oil producing countries spikes in oil prices are not sustainable for global economy and another spike in crude prices will result in a strong response in production from countries including US, Brazil, Mexico and Africa.

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Shell dilutes its stake in Mahanagar Gas Limited

Shell dilutes its stake in Mahanagar Gas Limited

British-Dutch multinational oil and gas company Shell today announced its plan to dilute shareholding in Mumbai-based gas utility Mahanagar Gas Limited (MGL) to 24 per cent from 32.5 per cent currently.

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Govt May Defer Oil Price Hike For Now

Govt May Defer Oil Price Hike For Now

Confusion prevailed over a reported directive by the Centre to State-owned oil marketing companies (OMCs) not to increase retail petrol and diesel prices by absorbing a part of the losses due to the recent hike in global crude oil prices.

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India's Oil Habit Is About To Become A Drag For Modi

India's Oil Habit Is About To Become A Drag For Modi

One under-appreciated factor behind Narendra Modi's success as Indian prime minister has been the tailwind he's received from low oil prices.

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Indian, Chinese oil companies look to invest in Ecuador, minister says

Indian, Chinese oil companies look to invest in Ecuador, minister says

Indian oil company ONGC Videsh is looking at buying a stake in oil fields in Ecuador and may also participate in an upcoming tender for the Intercampos blocks, Ecuador's oil minister Carlos Perez said on Wednesday.

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Govt working on 'unbundling' of marketing & transportation of gas: Pradhan

Govt working on 'unbundling' of marketing & transportation of gas: Pradhan

The government is working on 'unbundling' of marketing and transportation of gas in the country, Oil Minister Dharmendra Pradhan has said, in a move that would end up splitting Gail, the owner of most of nation's natural gas transportation network.

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We are working on an annuity model for gas pipelines development: D K Sarraf

We are working on an annuity model for gas pipelines development: D K Sarraf

You have completed around three months at the helm of affairs at this organisation. What is the larger vision?

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No retailing in India without manufacturing hub: Saudi Aramco CEO Amin Nasser

No retailing in India without manufacturing hub: Saudi Aramco CEO Amin Nasser

Saudi Aramcowill venture into fuel retailing in India only after the proposed $44 billion refinery-cum-petrochemicals complex is ready, CEO Amin H Nasser told ET in an interview.

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Shanghai crude oil contracts turnover soars to highest since launch

Shanghai crude oil contracts turnover soars to highest since launch

Turnover on Shanghai crude oil contracts for delivery in September shot to their highest on Thursday since their launch last week, with heavy volumes overnight

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Oil markets tense on Middle East crisis, but rising U.S. supplies weigh

Oil markets tense on Middle East crisis, but rising U.S. supplies weigh

Oil marketsremained tense on Thursday on concerns of a military escalation in Syria, but prices were some way off Wednesday's 2014 highs as bulging American supplies weighed.

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New Zealand halts future oil and gas offshore exploration permits

New Zealand halts future oil and gas offshore exploration permits

New Zealand said on Thursday it would not grant any new permits for offshore oil and gas exploration, taking the industry by surprise with a decision that it said would push investment overseas.

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Tired of dirty coaches and toilets on trains? Indian Railways has good news for passengers

Tired of dirty coaches and toilets on trains? Indian Railways has good news for passengers

Tired of dirty trains and even dirtier loos on them? Here is some relief for passengers! Indian Railways has recently highlighted a number of initiatives that it has taken to maintain cleanliness in trains. According to Piyush Goyal-led Railway Ministry,

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IRCTC Lowers Prices of Rail Meals, Ramps up Quality of Catering Services!

IRCTC Lowers Prices of Rail Meals, Ramps up Quality of Catering Services!

For the Indian Railways, passenger convenience, safety and comfort have always been a top priority. Which is why their feedback has been very instrumental in bringing about key changes and improvements that make a journey just a little bit smoother.

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Southern Railway Celebrates 63rd Railway Week

Southern Railway Celebrates 63rd Railway Week

Southern Railway celebrated its 63rd Railway Week at Rajah Annamalai Mandram, Esplanade, Chennai today (11th April, 2018). Shri R.K. Kulshrestha, General Manager of Southern Railway was the Chief Guest of the function and distributed Shields to various Divisions / Departments / Workshops and Awards to officers and staff for their meritorious performance.

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Electrified Rail link between Raxaul-Kathmandu valley expected to boost connectivity & trade between India and Nepal

Electrified Rail link between Raxaul-Kathmandu valley expected to boost connectivity & trade between India and Nepal

The electrified rail link between Raxaul and Kathmandu valley is expected to boost connectivity and trade. A detailed project report is underway which would finalise the implementation and funding modalities of the project based on the report.

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Travel On Railways, Metro, Monorail, Bus In Mumbai With 1 Card Soon; Here Is How

Travel On Railways, Metro, Monorail, Bus In Mumbai With 1 Card Soon; Here Is How

With the aim of having a multi-transport, single ticketing smart card in place in Mumbai Metropolitan Region (MMR) by year end, the Mumbai Metropolitan Region Development Authority (MMRDA)

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Indian Railways Mobile Ticketing Card Ticket Demand Soars In Mumbai

Indian Railways Mobile Ticketing Card Ticket Demand Soars In Mumbai

Indian Railways is seeing increasing demand for card ticket and mobile ticketing. On Central and Western Railway, around 25 percent and around 18 percent sale is through ATVM, respectively. Railway officials claim that they are doing everything to promote

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Marwar-Udaipur amongst 5 Meter Gauge lines to be preserved and maintained by Railways

Marwar-Udaipur amongst 5 Meter Gauge lines to be preserved and maintained by Railways

70- km Marwar-Udaipur metre-gauge railway section falling in the bio-diversity sanctuary of Todgarh Raoli has been identified as one of the five meter gauge stretches that will be preserved as heritage stretches by Indian Railways.

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