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February 22, 2019, Friday |
Your Morning Newsletter In Energy And Infrastructure From Across The Media Space
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Growth in eight key infrastructure segments slowed to three-month low in March, dragged down by sluggish output from crude oil, natural gas, refinery products and fertiliser sectors.
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Equis Pte. Ltd, an independent Asian infrastructure and real asset investment manager, is looking to sell its Indian hydroelectric power platform Hydreq, which owns and operates close to 200 megawatts (MW), two people aware of the development said.
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Two Australian companies BHP Billiton, the world’s biggest mining company, and Heathgate Resources, an affiliate of US company General Atomics, are in discussions with the Department of Atomic Energy (DAE) for exporting uranium to India.
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For the first time in the country, the renewable energy sector has added more capacity than the conventional power — thermal, gas and nuclear — in 2017-18.
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The CBI today told the Delhi High Court that a preliminary enquiry against Adani Enterprises Ltd, Maharashtra Eastern Grid Power Transmission Company Ltd (MEGPTCL) and various PSU banks on alleged over-invoicing of coal and equipment imported by power generating firms of Adani group for its plants has been closed.
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India and Japan have agreed to further strengthen bilateral cooperation in energy development space as well as contribute to worldwide energy security and solutions to climate change issues.
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French energy management and automation solutions giant Schneider Electric and Singaporean sovereign wealth fund Temasek Holdings on Tuesday snapped up engineering major Larsen & Toubro's electrical and automation (E&A) business for Rs 14,000 crore in an all-cash deal.
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A 'retrospective' amendment to the contract for the prolific Rajasthan oil block has put its operator Cairn India in a spot, as it has to shell out more to the government to retain it for another 10 years.
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Toshiba Plant Systems & Services Corporation (TPSC) (India) Private Limited, a 100 percent Indian subsidiary in Japan, announced that it will expand its assembly plant of water turbines for small and medium-sized hydroelectric power project in India.
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Bharat Heavy Electricals Ltd (BHEL), India’s largest power equipment manufacturer, today announced it has bagged an order for executing the largest hydro power project in Nepal.
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Stanford scientists have developed a water-based battery that could provide a cheap way to store wind or solar energy, which can be fed back into the electric grid and redistributed on high demand.
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Energy majors ONGC Videsh and Geo Park are forming a Colombia-headquartered joint business development group to create a long-term partnership in Latin America to achieve their expansion objectives.
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The ongoing Open Acreage Licensing Policy round of oil and gas auctions is likely to be a battle between public sector undertakings and the Anil Agarwal-led Cairn India in many of the lucrative blocks.
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Kuwait Petroleum International (KPI) is in talks to buy 24 per cent of the Bina joint venture refinery in Madhya Pradesh, two Indian and two foreign sources said, as the West Asia nation wants to increase its South Asian market share.
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Iran is ready to participate in a gas swap between Pakistan and Turkmenistan as it thinks that the ambitious, multi-billion dollar TAPI gas pipeline that includes India is unlikely to become operational, a top Iranian official has said.
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Bharat Petroleum Corp Ltd will shut its 120,000 barrels per day (bpd) joint venture Bina refinery from mid-September for 45 days to expand its capacity by 30 percent, its head of refineries said on Tuesday.
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Marathon Petroleum Corp agreed to buy rival Andeavor for more than $23 billion in a deal creating one of the largest global refiners that will benefit from access to booming U.S. shale fields and growing U.S. fuel export markets.
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Maharashtra Chief Minister Devendra Fadnavis today inaugurated the country’s first Liquefied Natural Gas (LNG)-based Floating Storage Re-gasification Unit (FSRU) located at Jaigarh Port in Maharashtra.
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The Railways is not just giving its trains and stations an image makeover but is now looking at ways to smarten up its offices at Rail Bhavan in the heart of New Delhi, officials said today.
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India's infrastructure growth slowed to a three-year low of 4.2 percent in the fiscal year ending in March, indicating Prime Minister Narendra Modi faces a tough challenge to boost investment ahead of general elections due early next year.
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A new weekly Durg-Ferozpur-Durg Antyodaya Express was launched today from Raipur railway station in Chhattisgarh under the South East Central Railway (SECR) zone.
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A cleanliness drive would be organised along the famous Shimla-Kalkarailway track on May 12 with an aim to create awareness for protection and conservation of the UnescoWorld Heritage Site.
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Passengers on 25 trains can now choose their meals from a pre-loaded menu and pay through credit or debit cards without worrying about being overcharged or having to shell out the exact amount for their food, rail officials have said.
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The Railways is not just giving its trains and stations an image makeover but is now looking at ways to smarten up its offices at Rail Bhavan in the heart of New Delhi, officials said today.
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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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