GOOD MORNING INDIA

October 15, 2018, Monday

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

Government To Examine Proposal To Merge CPSEs In Key Sectors

Government To Examine Proposal To Merge CPSEs In Key Sectors

In what could push consolidation of central public sector enterprises (CPSEs), the government will examine a proposal to merge NHPC with NTPC and combine Power Finance Corporation (PFC), Rural Electrification Corporation (REC) and Indian Renewable Energy Development Agency (IREDA) to create a huge power-financing entity.

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Nuclear Will Account For 6% Of India’s Energy Mix By 2030: Saraswat

Nuclear Will Account For 6% Of India’s Energy Mix By 2030: Saraswat

India is far ahead in terms of potential nuclear power generation facilities, according to NITI Aayog member VK Saraswat.

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Pre-paid Electricity Meters Soon In UP To Curb Power Theft

Pre-paid Electricity Meters Soon In UP To Curb Power Theft

To curb the power theft and increase the revenue, the Uttar Pradesh Power Corporation Limited (UPPCL) has taken up the task of installing a whopping one crore pre-paid meters under the Saubhagya scheme.

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Infra

GMR Signs Pact With Investor Group To Sell Off Hydel Project

GMR Energy Ltd has signed a definitive agreement with a consortium of international investor group for divesting its entire stake in Himtal Hydropower Company Pvt Ltd and its associated transmission company Marsyandgi Transmission Company Pvt Ltd, in Nepal.

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Arcelormittal

ArcelorMittal Gets European Commission Nod To Acquire Italy's Ilva

Global steel giant ArcelorMittal today said it has received a go-ahead from the European Commission (EC) to acquire Italian steelmaker Ilva.

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Jaypee Promoters Submit Over Rs 10k Crore Revival Plan For Jaypee Infratech

Jaypee Promoters Submit Over Rs 10k Crore Revival Plan For Jaypee Infratech

Jaypee group promoter Manoj Gaur today made a Rs 10,000 crore offer to pay off bank loans and complete the stuck housing projects as part of plans to bring Jaypee Infratech out of bankruptcy, sources said.

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Power Generators See Risk In Centre's Electricity Purchase Scheme

Power Generators See Risk In Centre's Electricity Purchase Scheme

The power ministry’s efforts to ease stress in the sector may fall short of expectations because the scheme it has made has more risks than benefits for generators, industry executives say.

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Indonesia Sees Coal Output Flat In 2019 Amid Equipment Shortage

Indonesia Sees Coal Output Flat In 2019 Amid Equipment Shortage

Indonesia: Indonesia is targeting annual production of 481 million tonnes of coal this year and next, a mining ministry official said on Monday, as producers of the fuel are struggling to get new heavy equipment and parts.

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Artem Energy Future Plans To Develop E-scooter

Artem Energy Future Plans To Develop E-scooter

Homegrown electric vehicle technology company Artem Energy Future today announced its plans to develop an electric scooter named Artem M9.

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Dubai Adds 200MW Solar Energy, Increasing Clean Energy Share To 4% Of Installed Capacity

Dubai Adds 200MW Solar Energy, Increasing Clean Energy Share To 4% Of Installed Capacity

HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has inaugurated the 200 megawatt (MW) first stage of the 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park.

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Oil Hangover Can Hit India’s Macro Stability

International prices of crude oil have been ruling buoyant above $70 per barrel (Brent ) since April 10 due to several factors.

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Ambani's EWPL Seeks Tripling Of KG Gas Transportation Tariff

Ambani's EWPL Seeks Tripling Of KG Gas Transportation Tariff

Billionaire Mukesh Ambani-led East-West Pipeline Ltd has sought nearly tripling of the tariff it charges for transporting KG gas from east coast to Gujarat.

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Global Oil Slump Has Gujarat’s Alang Angle: An Influx Of Rigs

Global Oil Slump Has Gujarat’s Alang Angle: An Influx Of Rigs

SAMIR BHAYANI is busy monitoring work at his bustling yard, where workers have just finished beaching a 43-year-old oil rig from the Sakhalin fields in Russia.

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Saudi Energy Minister Says Concerned About Tight Spare Oil Capacity

Saudi Energy Minister Says Concerned About Tight Spare Oil Capacity

Saudi Arabian Energy Minister Khalid al-Falih said on Monday he was concerned about possible shortages of spare crude oil output capacity, although he believes the market is in better shape after the OPEC-led production cuts that started in 2016.

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Cyprus-Egypt Natural Gas Pipeline To Cost $800 Million-$1 Billion

Cyprus-Egypt Natural Gas Pipeline To Cost $800 Million-$1 Billion

A planned pipeline connecting Cyprus' Aphrodite gas field to Egypt's liquefied natural gas (LNG) facilities will cost between $800 million and $1 billion, Egyptian Petroleum Minister Tarek El Molla said on Monday.

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Oil Faces A Month Of Mayhem As Geopolitical Risks Proliferate

Oil Faces A Month Of Mayhem As Geopolitical Risks Proliferate

Plunging Venezuelan crude production; sanctions disrupting Iranian oil exports; Saudi Arabia pushing for even higher prices; North Korea peace talks -- the coming weeks bring an abundance of risks for the oil market.

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Saudi Arabia's Non-oil Income Rises 63 Percent On New Taxes

Saudi Arabia's Non-oil Income Rises 63 Percent On New Taxes

Saudi Arabia’s non-oil revenue climbed 63 percent in the first quarter of 2018, propelled by improved tax collection as part of a drive to reduce the economy’s reliance on income from oil exports.

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Indian Railways Magazine Goes Pink, Dedicates May Issue To Female Employees

Indian Railways Magazine Goes Pink, Dedicates May Issue To Female Employees

The Railways has doffed its cap to its women force, devoting the latest issue of its monthly magazine to female employees and their achievements after dedicating the year to the safety of women.

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Railway Staff Union Calls 72-hour Hunger Strike To Seek Higher Pay

Railway Staff Union Calls 72-hour Hunger Strike To Seek Higher Pay

Railway employees' union has called for a 72-hour relay hunger strike across the country from tomorrow against non-implementation of the provisions of the seventh pay commission and the attempted privatisation of the national transporter.

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Hyperloop Technologies Proposes 700-800 Km Project For AP In Three Phases

Hyperloop Technologies Proposes 700-800 Km Project For AP In Three Phases

US-based Hyperloop Transportation Technologies (HTT) today presented a pre-feasibility route study to Andhra Pradesh officials proposing a Hyperloop transport system with a length of 700-800 km from Anantapur in the south to the port town of Visakhapatnam in the north of the state while connecting the new capital Amaravati in the center.

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Where The Law Needs To Change Track: On The Railways Act

Where The Law Needs To Change Track: On The Railways Act

In late April, a bus with schoolchildren collided with a train at an unmanned railway level crossing, near Kushinagar in Uttar Pradesh.

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RInfra Shares Jump Over 6% On Rs 7k Cr Order Win

RInfra Shares Jump Over 6% On Rs 7k Cr Order Win

Shares of Reliance Infrastructure (RInfra) today soared over 6 per cent after the company and Astaldi S p A (Italy) in a joint venture bagged Rs 7,000 crore order for construction of the second sea link in Mumbai.

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Indian Railways To Use AI Tech To Ensure Hygiene and Quality of Train Food!

Indian Railways To Use AI Tech To Ensure Hygiene and Quality of Train Food!

The Indian Railways has always endeavoured to provide a smooth and comfortable travel experience to its passengers. In a move to increase the safety of train operations and reduce the chances of the signal failing, the Indian Railways had tried to implement Artificial Intelligence (AI) in November 2017. You can read more about that here.

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R Infra-Astaldi JV bags Rs 7k cr Versova-Bandra sea link project in Mumbai

R Infra-Astaldi JV bags Rs 7k cr Versova-Bandra sea link project in Mumbai

Reliance Infrastructure(RInfra) and Astaldi S p A (Italy) in a joint venture have bagged Rs 7,000 crore order for construction of the second sea link in Mumbai.

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YESTERDAY'S HEADLINES

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