GOOD MORNING INDIA

August 16, 2018, Thursday

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

India, UK governments invest in $711 million Indian renewable energy fund

India, UK Governments Invest In $711 Million Indian Renewable Energy Fund

Lightsource BP (BP.L) and Indian private equity fund Everstone Group announced on Wednesday the creation of a 500 million pound ($711 million) fund to invest in renewable energy and clean technology in India.

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Reliance Power Posts 16% Rise In Q4 Profit On Higher Electricity Generation

Reliance Power Posts 16% Rise In Q4 Profit On Higher Electricity Generation

Reliance Power on Thursday reported a 16 per cent rise in its January-March quarter net profit on higher electricity generation.

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Power Tariff Up By 2 Per Cent In Punjab, Relief For Steel Industry

Power Tariff Up By 2 Per Cent In Punjab, Relief For Steel Industry

Power tariff has been increased by over 2 per cent for domestic as well as industry in Punjab for 2018-19 as the Punjab State Electricity Regulatory Commission sough to bridge Rs 669 crore in revenue and expenditure.

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Cooler Times Await Wind Power Equipment Firms Over Centre's Backing

Cooler Times Await Wind Power Equipment Firms Over Centre's Backing

With clarity on the wind energy auction pipeline and ratification of power purchase agreements (PPAs) helping improve their order book, renewable energy (RE) firms, especially wind power equipment makers, are attracting the attention of analysts and investors.

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NTPC To Back Down Thermal Power At Some Of Its Units For More Renewables

NTPC To Back Down Thermal Power At Some Of Its Units For More Renewables

National Thermal Power Corporation (NTPC), the country's largest coal-based power generator, will back down thermal power at some of its units to blend with renewable energy and sell it together.

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Reliance Power Q4 Net Rises 16%

Reliance Power Q4 Net Rises 16%

Reliance Power today reported a 16 per cent rise in its January-March quarter net profit on higher electricity generation.

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BSES Discoms Partner With TERI For Power Conservation, Raise Awareness Among Students

BSES Discoms Partner With TERI For Power Conservation, Raise Awareness Among Students

The BSES discoms in the national capital will collaborate with policy research organisation TERI to make efforts to bring down the city's power demand and raise awareness among around 90,000 schoolchildren, said a spokesperson for the company.

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All Mines In World Can Come Together On One Blockchain, Says De Beers CEO

All Mines In World Can Come Together On One Blockchain, Says De Beers CEO

Despite various challenges, the past year was a good one, says BRUCE CLEAVER, chief executive officer of the De Beers Group, the global corporation that has been the leading one in all aspects of the diamond trade for over a century. Edited excerpts of a talk with Rajesh Bhayani on what's ahead for the trade.

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NTPC Wants To Exit Joint Venture With BHEL

NTPC Wants To Exit Joint Venture With BHEL

India's biggest power producer NTPC Ltd has decided to exit the joint venture with BHEL, saying it is not a manufacturer of equipment and would rather concentrate on setting up and operating power plants.

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Mexico Has Become A Reliable Partner For India’s Energy Security Needs, Says Indian Ambassador To Mexico

Mexico Has Become A Reliable Partner For India’s Energy Security Needs, Says Indian Ambassador To Mexico

India is now among the top ten trading partners with Mexico and the bilateral trade between the two countries is expected to touch the $10-billion mark, likely before 2020.

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Tata Steel-Thyssenkrupp Merger Delayed By Six Months

Tata Steel-Thyssenkrupp Merger Delayed By Six Months

Germany’s Thyssenkrupp AG will take till the end of the year to set up its joint venture with Tata Steel UK Ltd, about six months later than it had earlier indicated, as negotiations between the steel makers and their workers are taking longer than estimated.

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Crude Jolt Pushes Fuel Prices To 55-month High

Crude Jolt Pushes Fuel Prices To 55-month High

Fuel prices across the country on Thursday rose to highest level in 55 months as global benchmark Brent crude climbed to $74.74 a barrel, the highest since November 27, 2014 — the day when Opec started a price war and sent oil prices tumbling to $30 a year later.

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Govt Wants More Oil/gas, But Hits Producers Hard

Govt Wants More Oil/gas, But Hits Producers Hard

With the government wanting to reduce oil/gas dependency by 10% by 2022 and 50% by 2050, you would think it would go out of its way to encourage investors by removing onerous levies—70% of all oil/gas profits go to the government—and by rolling out new sops.

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NRL's To Support Startups And Entrepreneurs Of Northeast India

NRL's To Support Startups And Entrepreneurs Of Northeast India

Assam based Numaligarh Refinery Limited (NRL) has taken an initiative to support entrepreneurs, innovators and startups of Northeast India.

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7,000 Villages To Go 'smokeless' Across The Northeastern States

7,000 Villages To Go 'smokeless' Across The Northeastern States

Indian Oil has set a target of holding 570 LPG panchayats on Ujjwala Diwas, being observed on April 20, across the northeastern states.

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Nagarjuna Oil’s Survival In Doubt

Nagarjuna Oil’s Survival In Doubt

Even as the 270-day deadline ends on Friday for the Resolution Professional (RP) to identify a suitor for taking over the beleaguered Rs 4,700 crore Nagarjuna Oil project at Cuddalore, the Committee of Creditors (CoC) that met on Thursday failed to select a successful bidder.

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Tata Group’s Business Restructuring Plan Hits A ‘hydrocarbon’ Hurdle

Tata Group’s Business Restructuring Plan Hits A ‘hydrocarbon’ Hurdle

Tata Petrodyne Ltd, which has put up its six oil and gas blocks for sale, is yet to find interest from buyers, two people aware of the matter said.

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BPCL Mulls Starting Oil Trading Office In Singapore

BPCL Mulls Starting Oil Trading Office In Singapore

Bharat Petroleum Corp Ltd (BPCL) plans to start a trading office in Singapore in the near future to procure crude for its refineries and trade oil products, its head of refineries, R Ramachandran, said late on Wednesday.

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Railways Saves Rs 77 Crore From 'Give It Up' Scheme On Discounted Rates

Railways Saves Rs 77 Crore From 'Give It Up' Scheme On Discounted Rates

A day after Prime Minister Narendra Modi lauded 40 lakh people for voluntarily giving up age-related train fare concessions, the Railways today said it had saved Rs 77 crore in 19 months from the government's "Give it up" initiative, which encouraged senior citizens not to buy tickets at the reduced rates they were entitled to.

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Now Enjoy Faster, Jerk-free And Safer Indian Railways Train Journeys In North-east

Now Enjoy Faster, Jerk-free And Safer Indian Railways Train Journeys In North-east

Travelling by train to North-East India? Now, your Indian Railways train rides in North-East will be jerk-free and safer! According to the North-East Frontier Railway, as much as 90% of the Indian Railways tracks under the division have been converted to ‘Long Welded Rail’ or LWR.

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We Can’t Decide If Mumbai Metro Should Be Underground: Bombay High Court

We Can’t Decide If Mumbai Metro Should Be Underground: Bombay High Court

The Bombay High Court today said it cannot decide if the proposed Metro II-B line connecting the western and eastern suburbs of the metropolios should be underground or above the ground and asked the city planning body MMRDA to examine the issue within ten days.

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FT19 Award Target Puts Bharatmala On Challenging Terrain: ICRA

FT19 Award Target Puts Bharatmala On Challenging Terrain: ICRA

A lower award target of 20,000km for highway projects this fiscal would make achievement of the Bharatmala programme's goals more challenging, rating agency ICRA said today.

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Empty Delhi-Mumbai Rajdhani Express? Wake-up Indian Railways, This May Happen And Low Airfares Not To Blame

Empty Delhi-Mumbai Rajdhani Express? Wake-up Indian Railways, This May Happen And Low Airfares Not To Blame

Delhi-Mumbai Expressway which is slated to be completed in the next 3 years should ring alarm bells for Indian Railways.

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Hubballi-Ankola Railway Line Hits Roadblock As Tiger Authority Says No To Project

Hubballi-Ankola Railway Line Hits Roadblock As Tiger Authority Says No To Project

The National Tiger Conservation Authority (NTCA) has rejected the proposed 168.28-km broad gauge railway line from Hubballi to Ankola as it passes though dense forest cover of the Western Ghats comprising three elephant corridors, a tiger reserve and a wildlife sanctuary.

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South Eastern Railway Celebrates 63rd Railway Week

South Eastern Railway Celebrates 63rd Railway Week

S.N. Agrawal, General Manager, South Eastern Railway graced the occasion as chief guest.

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YESTERDAY'S HEADLINES

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