GOOD EVENING INDIA

June 20, 2018, Wednesday

Your Evening News Updates From Across The Media Space

Electrifying villages: UP, Bihar to be big test for Saubhagya scheme

Electrifying villages: UP, Bihar to be big test for Saubhagya scheme

After completing the job of pending electrification of all inhabited villages in the country, the Centre is now focussing on ensuring power is available in every house under the Saubhagya scheme by the year-end, something that may take yeoman effort to achieve in Uttar Pradesh and Bihar.

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Power gencos for changes in Coal India’s proposed pricing system

Power gencos for changes in Coal India’s proposed pricing system

Independent power generating companies (gencos) want Coal India (CIL) to determine the gross calorific value (GCV) of the fuel on ‘as received basis’ (ARB), in line with international billing practices, as opposed to CIL’s proposal of taking into account 5% moisture for GCV calculation.

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Coal scam case: Gondwana Ispat Ltd Director sentenced to four-year jail, fined Rs 1 crore

Coal scam case: Gondwana Ispat Ltd Director sentenced to four-year jail, fined Rs 1 crore

A special CBI court in Delhi has sentenced the Director of Gondwana Ispat Ltd Ashok Daga to four years of imprisonment and imposed Rs 1 crore fine on Daga and Rs 60 lakh on the firm in the Maharashtra coal scam case, PTI has reported.

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100 per cent electrification = 100 per cent power politics

100 per cent electrification = 100 per cent power politics

Call it power politics by the Narendra Modi government. In a big boost to rural India, the Centre has announced that it has achieved the target of 100% electrification of the almost 6,00,000 villages in the country. No doubt, it is a creditworthy achievement, but what makes it interesting is the timing of the announcement, coming just ahead of the crucial Karnataka assembly elections.

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Smart city board’s nod to pilot projects in Pimpri Chinchwad

Smart city board’s nod to pilot projects in Pimpri Chinchwad

The Pimpri Chinchwad Smart City Limited (PCSCL) on Monday approved the implementation of pilot projects in the city. At a meeting of the board of directors, public bicycle sharing, rooftop solar power generation and e-learning in municipal primary and secondary schools got the nod.

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Maharashtra politician opposes Gosi khurd dam water for power plants

Maharashtra politician opposes Gosi khurd dam water for power plants

State vice-president of Congress and deputy leader in the state Assembly, MLA Vijay Wadettiwar, has strongly opposed the government’s decision to allocate water from Gosikhurd dam to two thermal power stations coming up in Umred tehsil in Nagpur district.

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Indian Energy Exchange: the curse of premium valuations

Indian Energy Exchange: the curse of premium valuations

Investment bankers may have managed to extract high valuations for the Indian Energy Exchange Ltd (IEX) initial public offering. But the stock is feeling the after-effects. After a lacklustre listing, the stock continues to trail the broader markets.

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Trump delays decision on steel and aluminium tariffs

Trump delays decision on steel and aluminium tariffs

The Trump Administration has extended negotiations on steel and aluminium tariffs for 30 days with Canada, the EU and Mexico, a BBC News report said on Tuesday. It has also reached an agreement in principle with Argentina, Brazil and Australia.

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Offshore wind power firms see Taiwan as a battleground to expand in Asia

Offshore wind power firms see Taiwan as a battleground to expand in Asia

Taiwan is becoming the next battleground for the world's top offshore wind developers as they seek a foothold in Asia for a technology that has been expanding fast in Europe.

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World Bank approves $180 mln loan guarantee for Kenya's energy sector

World Bank approves $180 mln loan guarantee for Kenya's energy sector

The World Bank approved a $180 million loan guarantee on Monday for Kenya Electricity Generation Company to help strengthen the financial position of the state-run company, which produces more than 70 percent of the country's electricity.

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Bolivia wants India to ink pact for gaining access to its lithium

Bolivia wants India to ink pact for gaining access to its lithium

Surging demand for lithium—used in batteries of electric vehicles (EVs), smartphones and laptops—has stoked interest in mining of the metal in countries such as Bolivia that has large known reserves.

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Petrol, diesel price on 1st May 2018: Check out rates here city-wise

Petrol, diesel price on 1st May 2018: Check out rates here city-wise

Petrol and diesel prices were unchanged, applicable from 6:00 a.m. on 1st May 2018. Under the dynamic pricing scheme, petrol and diesel prices are revised on a daily basis in sync with global crude oil prices.

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Sonatrach boosted gas output by 5 percent in 2017 - CEO

Sonatrach boosted gas output by 5 percent in 2017 - CEO

Algeria's state energy firm Sonatrach said on Monday it boosted its gas output by 5 percent to 135 billion cubic metres in 2017, marking the first time the company has used a news conference to disclose production data.

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Savannah Petroleum considers sell-down in Niger before first oil

Savannah Petroleum considers sell-down in Niger before first oil

West Africa-focused oil and gas group Savannah Petroleum is considering selling a minority stake in its Niger assets before first oil flows there, which is expected in 2021, Chief Executive Andrew Knott said on Monday.

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BP eyes upcoming oil auctions in Brazil, Mexico -Latam chief Arbelaez

BP eyes upcoming oil auctions in Brazil, Mexico -Latam chief Arbelaez

Oil major BP Plc is closely following oil auctions in Brazil and Mexico, which are expected to announce new awards later this year, to decide whether to submit bids and expand its presence in the region, Felipe Arbelaez, the firm's chief for Latin America, said on Monday.

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OPEC April oil output hits year low on Venezuela slide - Reuters survey

OPEC April oil output hits year low on Venezuela slide - Reuters survey

OPEC oil outputfell in April to a one-year low due to declining production in Venezuela and lower shipments from African producers, a Reuters survey found, sending compliance with a supply-cutting deal to another record.

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Lawsuit targeting oil, gas lease sales cites imperiled bird

Lawsuit targeting oil, gas lease sales cites imperiled bird

Environmental groups are suing the Trump administration for selling oil and gas leases on huge swaths of Western U.S. public lands while allegedly ignoring policies meant to protect an imperiled bird.

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France's Total, Germany's Siemens hope to sign Cuban LNG deal soon

France's Total, Germany's Siemens hope to sign Cuban LNG deal soon

French energy firm Total SA and German industrial giant Siemens AG hope to sign a deal soon with Cuba to build a 600 megawatt gas-fired power plant on the island, according to diplomats and businessmen with knowledge of the talks.

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Oil extends gains, buoyed by Iran sanction worries

Oil extends gains, buoyed by Iran sanction worries

Oil prices extended gains on Tuesday, supported by comments from Israeli Prime Minister Benjamin Netanyahu that he was sure US President Donald Trump would do “the right thing” in reviewing Iran's nuclear deal with western powers.

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Soon: Train collision avoidance system along tracks

Soon: Train collision avoidance system along tracks

Unmanned railway crossings would no longer be a threat to road users as the Railways is going to install train collision avoidance system (TCAS) along the tracks. Railway officials said the system is programmed to sound pre-installed hooters at unmanned crossings, loud enough to alert commuters.

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Train service suspended in Kashmir for security reasons

Train service suspended in Kashmir for security reasons

Train service was again suspended on Tuesday for security reasons in the Kashmir valley, where separatists have called for a general strike today in protest against the killing of a youth in security force action on demonstrators, who hit the streets near encounter site at Pulwama in which two Hizbul Mujahideen (HM) militants were killed yesterday.

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Benches of steel for railway stations, with names of sponsoring MPs

Benches of steel for railway stations, with names of sponsoring MPs

Acting on an idea pushed by Prime Minister Narendra Modi, the Railways plans to install at least one lakh stainless steel benches in 1,500 stations across the country. The benches will sport the name of the local Member of Parliament, whose funds will be used, as sponsors of the project.

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Indian Railways To Add 100 More See-through Vistadome Coaches In 3 Years: Officials

Indian Railways To Add 100 More See-through Vistadome Coaches In 3 Years: Officials

The Indian Railways will add 100 super-luxury glass-roofed Vistadome coaches in trains on several routes throughout the country in the next three years to attract more passengers and promote tourism, officials have said.

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Steel Industry Stares At A Speed Bump With Inadequate Rail And Road Infra

Steel Industry Stares At A Speed Bump With Inadequate Rail And Road Infra

With 12 years to go, even the incorrigible optimists will find it difficult to believe that the country’s steel capacity could be raised to 300 million tonnes (mt) from the present around 130 mt.

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