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​GOOD MORNING INDIA!

August,16,2018,Thursday

WEEKLY NEWS UPDATES IN POWER/COAL/MINES/RE

LATEST NEWS

India’s GDP may grow 7.3% in FY19: Fitch

India’s GDP may grow 7.3% in FY19: Fitch

India’s economy will grow 7.3% in the current financial year and gain pace to 7.5% next year as the “temporary drag” from demonetisation and the goods and services tax fades away, Fitch Ratings forecast.

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MOST NOTABLE STORIES OF THE WEEK

Sterlite Power Eyes India’s First Offshore Wind Farm Project

Sterlite Power Eyes India’s First Offshore Wind Farm Project

Sterlite Power, which is keen on building the undersea cables that will transmit electricity from India’s first offshore wind farm, off the Gujarat coast, to the national grid, is looking to partner with foreign wind developers to jointly bid for the 1GW project, according to two people close to the development.

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Engie looked at buying Direct Energie but decided against it -CEO Kocher

Engie looked at buying Direct Energie but decided against it -CEO Kocher

Engie CEO Isabelle Kocher said the utility had considered buying independent power retailer Direct Energie but decided against it.

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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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Adani Builds Coal-fired Power Plant In India To Send Energy To Bangladesh

Adani Builds Coal-fired Power Plant In India To Send Energy To Bangladesh

Godda, in the Indian state of Jharkhand, is surrounded by the country’s most productive coalmines.

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Global wind capacity to rise by more than half in next five years

Global wind capacity to rise by more than half in next five years

Global wind energy capacity could increase by more than half over the next five years, as costs continue to fall and the market returns to growth at the end of this decade, a report by the Global Wind Energy Council shows.

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E Godavari, Country’s First District With Complete LED Street Lighting

E Godavari, Country’s First District With Complete LED Street Lighting

Apr 24 (PTI) East Godavari in Andhra Pradesh has become the first district in the country to be fully equipped with LED street lights.

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Coal Supply To Power Plants May Remain Tight For Two Years: KPMG

Coal Supply To Power Plants May Remain Tight For Two Years: KPMG

Coal supply position for thermal power plants is expected to remain tight for about two years, after which new railway links will help ease the situation.

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Bids for Moser Baer Solar likely this week: Resolution professional

Bids for Moser Baer Solar likely this week: Resolution professional

News for the assets of bankrupt Moser Baer Solar are likely to be invited this week, according to resolution professional Arvind Garg.

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Making water-smart energy choices for development

Making water-smart energy choices for development

With global water supplies already strained, the shift to a water-smart approach to energy could not be more urgent.

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