GOOD MORNING INDIA

December 10, 2018, Monday

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

Coal India's New GCV-based Billing System For Consumers Likely From July

Coal India's New GCV-based Billing System For Consumers Likely From July

After postponing the introduction of the new Gross Calorific Value (GCV)-based billing mechanism for consumers, earlier scheduled for this month, Coal India is expected have the new system in place by July.

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Coal Supply Situation Improves Over Last 7 Months

Coal Supply Situation Improves Over Last 7 Months

The coal supply situation in the country has improved moderately in the past seven months, with the average indigenous coal stock (AICS) at power plants increasing from 7.38 million tonnes (mt) in October last year to around 16.7 mt in April 2018.

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Insolvency: CCI Okays Tata Steel's Acquisition Of Debt-ridden Bhushan Steel

Insolvency: CCI Okays Tata Steel's Acquisition Of Debt-ridden Bhushan Steel

Fair trade regulator CCI has given its approval to Tata Steel's acquisition of debt-ridden firm Bhushan Steel.

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ABB Eyes Microgrid Solution Market In India

ABB Eyes Microgrid Solution Market In India

Power and automation technology major ABB group took a further step towards clean energy by inaugurating an innovative microgrid solution facility at its manufacturing unit in Maneja, here.

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India Nears Power Success, But Millions Are Still In The Dark

India Nears Power Success, But Millions Are Still In The Dark

Narendra Modi stormed to victory in 2014 on pledges to improve the lives of Indians, including bringing power to every citizen.

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BP Admits It Underestimated Renewable Growth

BP Admits It Underestimated Renewable Growth

BP made a mistake in its 2018 World Energy Outlook by underestimating the speed of renewables adoption, notably solar capacity.

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Numetal Moves NCLAT Challenging Arcelormittal Eligibility For Essar Steel

Numetal Moves NCLAT Challenging Arcelormittal Eligibility For Essar Steel

Russia's VTB Capital-backed NuMetal Ltd has moved the National Company Law Appellate Tribunal (NCLAT) against an order allowing rival ArcelorMittal to clear bank dues of associate companies so that it can become eligible for acquisition of Essar Steel.

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ICICI Bank Loan Row: Deepak Kochhar's Nupower Renewables Received Investments From Ravi Ruia's Son-in-law's Firm

ICICI Bank Loan Row: Deepak Kochhar's Nupower Renewables Received Investments From Ravi Ruia's Son-in-law's Firm

If media reportage is anything to go by, ICICI Bank could just get dragged into another controversy.

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How India Should Face The Energy Dilemma With IoT

How India Should Face The Energy Dilemma With IoT

One in every six people on the planet still lacks access to energy, which is vital to achieve social, economic and overall human development.

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Canada's Husky Energy Profit Surges, Cuts Output Forecast

Canada's Husky Energy Profit Surges, Cuts Output Forecast

Canadian oil and gas producer Husky Energy Inc reported a jump in quarterly profit on Thursday, but lowered its 2018 output forecast, saying it would temporarily cut heavy oil production due to weakening prices of the commodity.

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European Spot Electricity Prices Rise Steeply On Lower Wind Power Output

European Spot Electricity Prices Rise Steeply On Lower Wind Power Output

European prompt power prices leapt on Thursday when wind forecasts for the coming day came in sharply lower, tightening supply in the region.

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Statkraft's Q1 Profit Quadrupled On High Power Prices, Offshore Wind Exit

Statkraft's Q1 Profit Quadrupled On High Power Prices, Offshore Wind Exit

Norwegian state-owned utility Statkraft said on Thursday its first quarter net profit quadrupled year on year, mostly driven by higher Nordic power prices, divestment of offshore wind assets and the listing of a retail unit.

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Green Certificates Sales On Power Exchanges Up 42 Per Cent In April

Green Certificates Sales On Power Exchanges Up 42 Per Cent In April

Sales of renewable energy certificates (RECs) jumped 42 per cent in April to 10.62 lakh units on the Indian Energy Exchange (IEX) and Power Exchange of India (PXIL) compared to 7.46 lakh in the same month a year ago, as per official data.

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India For Asian Consumers’ Front As Oil Prices Soar

India For Asian Consumers’ Front As Oil Prices Soar

India has proposed a consumers’ collective comprising major energy buyers—China, India, Japan and South Korea.

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Oil, Natural Gas, Coal Price Will See 20% Rise In 2018, Says World Bank

Oil, Natural Gas, Coal Price Will See 20% Rise In 2018, Says World Bank

If you think the rising trend in oil prices is going to stop anytime soon, think otherwise.

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India Calls For A Regional Oil Buyers’ Group Against Asian Premium

India Calls For A Regional Oil Buyers’ Group Against Asian Premium

Oil producers’ cartel charges Asian nations a premium on every barrel of crude over the price for western buyers. India, the world’s third largest oil consumer, says its regional peers must come together to negotiate better terms.

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Kenya Picks Britain's Wood Group For Crude Oil Pipeline Design

Kenya Picks Britain's Wood Group For Crude Oil Pipeline Design

Kenya has picked Wood Group Plc to design an estimated $2 billion oil pipeline to pump crude from fields in the north of the East African nation to an Indian Ocean port, a senior government official said on Thursday.

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Iraq Oil And Gas Exploration And Development Auction Ends

Iraq Oil And Gas Exploration And Development Auction Ends

Iraq has awarded Iraqi-owned United Arab Emirates-based Crescent Petroleum three exploration blocks in an oil and gas exploration and development contract auction on Thursday and China's Geo-Jade won two.

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Valero Energy Profit Beats On Higher Refining Margins

Valero Energy Profit Beats On Higher Refining Margins

Valero Energy Corp posted a better-than-expected first quarter profit as the independent U.S. refiner benefited from higher refining margins.

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Plans To Run Metro Coaches On Broad Gauge Rail Lines: Nitin Gadkari

Plans To Run Metro Coaches On Broad Gauge Rail Lines: Nitin Gadkari

There are plans to run metro coaches on the broad gauge rail lines of Nagpur, Union Minister Nitin Gadkari said today. A pact on this is likely to be signed between Nagpur Metro and Indian Railways after Karnataka elections, the road transport and highways minister told reporters here.

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Unmanned Crossings To Be Eliminated By Mar 2020, Primary Responsibility Not With Railways: Lohani (Eds: Recasting Intro)

Unmanned Crossings To Be Eliminated By Mar 2020, Primary Responsibility Not With Railways: Lohani (Eds: Recasting Intro)

In the wake of an accident at an unmanned level crossing in which 13 children died, Railway Board Chairman Ashwani Lohani today said all such crossings will be eliminated by March 2020, but asserted that the primary responsibility lies with road users and not with the railways.

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Innovative Technologies To Help Fulfil PM Modi’s New India Vision, Says Nitin Gadkari

Innovative Technologies To Help Fulfil PM Modi’s New India Vision, Says Nitin Gadkari

Innovative technologies and models which are corruption-free will help fulfil the Prime Minister’s New India vision, Road Transport Minister Nitin Gadkari said today.

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IRCTC Does Not Charge Anything For This Service

IRCTC Does Not Charge Anything For This Service

Indian Railway Catering and Tourism Corporation (IRCTC) does not charge anything if you book via debit cards.

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Railway Ministry To Empower Top Brass Of Hill Railway In Bid To Boost Tourism

Railway Ministry To Empower Top Brass Of Hill Railway In Bid To Boost Tourism

To enhance the tourism potential and preservation, the Indian Railway Ministry has decided to bestow more powers to Divisional Railway Managers (DRM) and the directors of the heritage Hills Railways of India.

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Railways to run 9,600 additional trips this summer, ensure 7 lakh more seats

Railways to run 9,600 additional trips this summer, ensure 7 lakh more seats

The Indian Railways has decided to run 9,600 additional train trips this summer, providing seven lakh more seats to passengers travelling to various destinations.

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Railway Minister Piyush Goyal Orders Inquiry Into Kushinagar Train-School Van Accident

Railway Minister Piyush Goyal Orders Inquiry Into Kushinagar Train-School Van Accident

Railway Minister Piyush Goyal has ordered an inquiry into the Kushinagar train-school van accident and announced a compensation of Rs. 2 lakh for the kin of the deceased.

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Railways To Raise Rs 40 Billion For Redevelopment Of 50 Stations

Railways To Raise Rs 40 Billion For Redevelopment Of 50 Stations

The Indian Railways Station Development Corporation (IRSDC) is all set to start work on the first phase of its ambitious station redevelopment project soon, reports Business Standard. The company is likely to raise Rs 40 billion from the market to redevelop 50 stations across India,

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