GOOD MORNING INDIA

June 20, 2018, Wednesday

Your Morning Newsletter In Energy And Infrastructure From Across The Media Space  

India To Grow At 7.4 Per Cent In 2018, 7.8 Per Cent In 2019: IMF

India To Grow At 7.4 Per Cent In 2018, 7.8 Per Cent In 2019: IMF

India is expected to grow at 7.4 per cent in 2018 and 7.8 per cent in 2019, leaving its nearest rival China behind respectively at 6.6 and 6.4 per cent in the two years, the IMF said today.

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Gujarat Cancels 500 MW Solar Auction Results, Rebidding Likely

Gujarat Cancels 500 MW Solar Auction Results, Rebidding Likely

Gujarat cancelled a solar project auction it held in end-March without assigning any reasons. Industry sources said this was because the state government felt the tariff quoted by bidders to supply power was too high.

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‘Cheap Energy Sources May Prove Costly For India’

‘Cheap Energy Sources May Prove Costly For India’

India must consider a broad portfolio of energy sources to ensure reliable electricity supply to fuel its economic growth for its growing population instead of focusing only on affordability which can lead to serious consequences in future

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India, US To Use Russian Model For N-plant Set-up

India, US To Use Russian Model For N-plant Set-up

India and the US are inching towards a solution to getting Westinghouse nuclear power reactors in India, on the lines of the deal struck with Russia for the Kudankulam projects.

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British PE Firm Actis Close To Buying Solar Assets Of India's Shapoorji Pallonji: Reports

British PE Firm Actis Close To Buying Solar Assets Of India's Shapoorji Pallonji: Reports

British private equity firm Actis is close to signing a deal to buy the solar power portfolio of Indian conglomerate Shapoorji Pallonji, three people aware of the development said on Tuesday.

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Swedish Companies Committing A Fresh 1.1 Billion Dollars Investment In India

Swedish Companies Committing A Fresh 1.1 Billion Dollars Investment In India

Companies in Sweden, the largest Nordic economy in Europe is committing a fresh 1.1 billion dollars investment in India led by some of its major companies Volvo, IKEA, AstraZaneca amongst others.

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Bihar To Hand Over Its Three Thermal Power Plant To NTPC

Bihar To Hand Over Its Three Thermal Power Plant To NTPC

Bihar government on Tuesday decided to hand over its three thermal power plants to central power sector undertaking –the National Thermal Power Corporation (NTPC).

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SC Decision In Renew Power Case A Major Positive: Solar Industry Body

SC Decision In Renew Power Case A Major Positive: Solar Industry Body

The latest judgment by Supreme Court that set aside the cancellation of a Power Purchase Agreement signed by Madhya Pradesh government with Renewable energy producer ReNew Power is a shot in the arm for companies, industry body National Solar Energy Federation of India (NSEFI) has said.

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Six-fold Rise In Renewables Must To Limit Temperature Rise: Report

Six-fold Rise In Renewables Must To Limit Temperature Rise: Report

Increasing the pace of global renewable energy adoption by at least a factor of six -- critical for meeting energy-related emission reduction needs of the Paris Climate Agreement

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Maha To Start Rs 5084 Cr Power Distribution Scheme For Farmers

Maha To Start Rs 5084 Cr Power Distribution Scheme For Farmers

Maharashtra government today approved a scheme to provide electricity connection through a High Voltage Distribution System (HVDS) to farmers?for their agriculture pumps.

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IMF Maintains India's FY19 Growth At 7.4%; Cautions Govt On Fiscal Deficit

IMF Maintains India's FY19 Growth At 7.4%; Cautions Govt On Fiscal Deficit

The International Monetary Fund (IMF) has maintained its forecast for India’s economic growth at 7.4% in 2018-19, which will again make the country the fastest-growing large economy after losing this tag to China by a close margin in 2017-18.

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Trump Energy Adviser, Fossil Fuel Champion, Resigning

Trump Energy Adviser, Fossil Fuel Champion, Resigning

A top White House adviser for energy and environmental policy is resigning.

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Statoil Eyes Partnership With ONGC To Re-enter India’s Hydrocarbon Space

Statoil Eyes Partnership With ONGC To Re-enter India’s Hydrocarbon Space

Norway’s Statoil ASA may enter India’s upstream hydrocarbon space in partnership with state-run Oil and Natural Gas Corp. (ONGC) for deep-water exploration, said a top Indian government official aware of the development.

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India, US Set Up Joint Task Force On Natural Gas

India, US Set Up Joint Task Force On Natural Gas

India and the US today decided to set up a joint task force on natural gas with a view to promote strategic and economic interest of the two nations.

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Unipec And ENOC Place Lowest Offers In Bangladesh Oil Import Tender - Sources

Unipec And ENOC Place Lowest Offers In Bangladesh Oil Import Tender - Sources

DHAKA (Reuters) - Energy traders Unipec and ENOC placed the lowest offers in a tender by Bangladesh Petroleum Corp to buy up to 1.52 million tonnes of oil products for import in the second half of 2018, officials said on Tuesday.

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Govt invites EoI for strategic sale of Bharat Pumps

Govt invites EoI for strategic sale of Bharat Pumps

Government has invited expression of interest (EoI) for selling its entire stake in Bharat Pumps, a loss-making firm under the Heavy Industry Ministry.

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Adani inks pact with IOC to offer LNG re-gasification services at Dhamra

Adani inks pact with IOC to offer LNG re-gasification services at Dhamra

Adani Ports and Special Economic Zone Ltd (APSEZ) has signed a long-term agreement with Indian Oil Corporation Ltd (IOC) to provide liquefied natural gas (LNG) re-gasification services on a use-or-pay basis to the state-run refiner, at its upcoming LNG import terminal at Dhamra in Odisha.

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U.S. Outlines Its Vision For Strategy Energy Partnership With India

U.S. Outlines Its Vision For Strategy Energy Partnership With India

U.S. Secretary of Energy Rick Perry and Indian Minister of Petroleum and Natural Gas Dharmendra Pradhan on Tuesday co-chaired the inaugural meeting of the U.S.-India Strategic Energy Partnership, which President Donald J. Trump and Prime Minister Narendra Modi had announced during their June 26, 2017 Summit in Washington, D.C. 

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Nitin Gadkari Raises The Bar With New Road Tender, Construction Targets

Nitin Gadkari Raises The Bar With New Road Tender, Construction Targets

Road transport and highways minister Nitin Gadkari on Tuesday set road award and construction targets of 55km per day and 45km per day, respectively, a commitment the minister said he would try to meet before the National Democratic Alliance (NDA) government’s term comes to an end next year.

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A Year On, RERA Is Still Under Construction

A Year On, RERA Is Still Under Construction

It is difficult to run into somebody in Delhi you know and not have them confess that they too are caught with their money stuck in stalled real estate projects in the suburbs of Noida and Gurugram.

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Indian Railway Board Chief Ashwani Lohani Irked Over Railway Staff Working As Domestic Helps

Indian Railway Board Chief Ashwani Lohani Irked Over Railway Staff Working As Domestic Helps

It takes time to bring changes in work culture, Chairman Railway Board Ashwani Lohani said a day after the Railways suspended four class three officials for employing trackmen as domestic helps in their homes.

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Indian Railways May Replace AC-II--tier With AC-III Tier In Rajdhanis, Durontos In Some Sectors

Indian Railways May Replace AC-II--tier With AC-III Tier In Rajdhanis, Durontos In Some Sectors

Indian Railways may replace its AC-II-tier class with the AC-III tier variety in premium trains like Rajdhanis and Durontos in sectors where the patronage of AC-II is low.

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19 Mumbai Suburban Stations Set For Revamp, New Features

19 Mumbai Suburban Stations Set For Revamp, New Features

The rail planning body of Mumbai Rail Vikas Corporation (MRVC) has identified 19 stations across suburban Mumbai that shall be developed and renovated.

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Railways' plan to generate Rs 390 bn from non-fare tenders derail

Railways' plan to generate Rs 390 bn from non-fare tenders derail

The Indian Railways’ plans to generate Rs 390 billion from non-fare sources over 10 years have become doubtful, with the national transporter withdrawing tenders for out-of-home (OOH) advertisements and advertisements on trains owing to a “low industry response” and “technical reasons”.

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'Don't Risk Your Lives:' IRCTC Warns Train Passengers Against Unauthorised Food Delivery Services

'Don't Risk Your Lives:' IRCTC Warns Train Passengers Against Unauthorised Food Delivery Services

IRCTC or Indian Railway Catering and Tourism Corporation - the ticketing arm of Indian Railways - has named unauthorised food suppliers aboard trains. Warning railway passengers against unauthorised providers of food delivery service, IRCTC named 11 such entities.

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