GOOD MORNING INDIA

December 12, 2018, Wednesday

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

Strong response, drop in tariffs at NTPC solar auction

Strong response, drop in tariffs at NTPC solar auction

Tariffs fell to Rs 2.72-2.73 per unit in the 750 MW auction conducted by NTPC for projects at Ananthapuram Solar Park in Andhra Pradesh, a sizeable drop from previous auctions. But they were still well above the record-low solar price of Rs 2.44 per unit reached at an auction held in May 2017.
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Sprng, Ayana, SB emerge lowest bidders under 750 MW solar auction

Sprng, Ayana, SB emerge lowest bidders under 750 MW solar auction

Energy firms Sprng, Ayana and SB have emerged as lowest bidders in the auction by state-run power giant NTPC for a total capacity of 750 MW at Ananthapuram Solar Park in Andhra Pradesh.
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Pakistan approaches World Bank over Indus treaty

Pakistan approaches World Bank over Indus treaty

Pakistan today approached the World Bank amid reports that India could revoke the 56-year- old Indus Water Treaty, with senior Pakistani officials taking up the matter with the international lender which had mediated the water-sharing deal
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Satellite port in Maharashtra as MPT looks for new revenue streams

Satellite port in Maharashtra as MPT looks for new revenue streams

After scrapping its plans to build a satellite port at Betul, Mormugao Port Trust (MPT) has now turned to Vijaydurg in Maharashtra, where it plans to construct a greenfield port to cater to container, crude oil, fertilizer, and limestone cargo. The Vijaydurg port will be developed in collaboration with Mumbai Port and Jawaharlal Nehru Port (JNPT) on the western bank of the Vagotan river, around 200 km from Vasco.
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Tata Projects emerges top bidder for Bharat Net project in Chhattisgarh

Tata Projects emerges top bidder for Bharat Net project in Chhattisgarh

Tata Projects Ltd has emerged as the lowest preferred bidder for the second phase of the Bharat Net project in Chhattisgarh, under which nearly 6,000 villages will be connected through a optical fibre network.

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Relief for Indian solar producers as government reneges on import duty

Relief for Indian solar producers as government reneges on import duty

India has scrapped a duty on solar modules, making it easier to import the products after a sudden change in customs policy last year led to a logjam of shipments at Indian ports.

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Despite the surge in renewables, emission levels almost unchanged

Despite the surge in renewables, emission levels almost unchanged

The rise of renewable sources of energy and their gallant victories over fossil fuels — particularly coal — is now legendary.

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Chief Minister Pema Khandu inaugurates Arunachal Pradesh's biggest solar plant

Chief Minister Pema Khandu inaugurates Arunachal Pradesh's biggest solar plant

Arunachal Chief Minister Pema Khandu on Thursday inaugurated the state's biggest solar power plant at the Energy Awareness Park. State power minister Tamiyo Taga was also present during the event.

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Rays Power Infra commissions three solar PV projects in Karnataka

Rays Power Infra commissions three solar PV projects in Karnataka

Jaipur-based solar power company Rays Power Infra today announced it has commissioned three solar PV projects in Karnataka, under the state’s open access scheme.

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India Inc's April M&A deal tally up eight-fold to $19 billion: Report

India Inc's April M&A deal tally up eight-fold to $19 billion: Report

India Inc's mergers and acquisitions (M&As) tally rose eight-fold to USD 19.1 billion with 40 transactions in April, making it the highest monthly deal value recorded after March 2017, says a report.

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Trump calls for expanded US nuclear capability until 'world comes to its senses'

Trump calls for expanded US nuclear capability until 'world comes to its senses'

The United States must greatly strengthen and expand its nuclear capability until such time as the world comes to its senses regarding nukes- Trump said.
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Egypt signs MOU with China's GCL for $2 bln solar panel factory

Egypt signs MOU with China's GCL for $2 bln solar panel factory

China's GCL Group has signed a memorandum of understanding (MOU) with Egypt's ministry of military production to build a solar panel facility at a cost of up to $2 billion, state-run newspaper Al-Ahram reported on Thursday.

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Equatorial Guinea in LNG sale talks as Shell deal winds down

Equatorial Guinea in LNG sale talks as Shell deal winds down

Equatorial Guinea is in talks to sell liquefied natural gas (LNG) supply from its Punta Europa project to independent and state-backed oil companies and traders from 2020 as it winds down an exclusive deal with Royal Dutch Shell.

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Analysis: Social investors see the light on clean energy for the poor

Analysis: Social investors see the light on clean energy for the poor

After learning that three babies died in a government hospital in the Sierra Leone city of Bo last November when a power cut switched off machinery keeping them alive, London-based energy adviser Michael Liebreich decided to act.

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Duke Energy quarterly profit beats on higher demand

Duke Energy quarterly profit beats on higher demand

U.S. utility Duke Energy Corp's first-quarter profit beat analysts' estimates on Thursday, helped by higher demand in its electric utilities business.

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US decision on Iran may trump government math, pinch fuel consumers

US decision on Iran may trump government math, pinch fuel consumers

US President Donald Trump’s decision on Tuesday to pull out of the Iran nuclear deal can increase pressure on government finances through a higher subsidy bill and pinch consumers by keeping oil on the boil ahead of next year’s general election.

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Freeze on fuel prices hike coincidental, says IOC chief

Freeze on fuel prices hike coincidental, says IOC chief

Indian Oil Corporation (IOC) Chairman Sanjiv Singh today said the decision of oil PSUs not to hike petrol and diesel prices since April 24 was aimed at stabilising them and it ‘incidentally’ coincided with Karnataka elections.

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Oil heads for biggest weekly rise in a month as Iran sanctions loom

Oil heads for biggest weekly rise in a month as Iran sanctions loom

The US plans to impose new sanctions against Iran, which produces about 4 percent of global oil supplies, after abandoning an agreement reached in late 2015 that curbed Tehran's nuclear activities in exchange for removal of U.S. and European sanctions.
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Equatorial Guinea in LNG sale talks as Shell deal winds down

Equatorial Guinea in LNG sale talks as Shell deal winds down

Equatorial Guinea is in talks to sell liquefied natural gas (LNG) supply from its Punta Europa project to independent and state-backed oil companies and traders from 2020 as it winds down an exclusive deal with Royal Dutch Shell.

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Pricey crude bad news even for oil producers in long term: Fatih Birol, IEA

Pricey crude bad news even for oil producers in long term: Fatih Birol, IEA

Crude prices have been on a sharp upswing now. Brent is at $77. How do you analyse the factors that are at play and what would be the implications for economies like India?

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Iran economic sanctions a deja vu for Indian refiners? Not so much

Iran economic sanctions a deja vu for Indian refiners? Not so much

Indian oil refiners seem to be in a familiar territory again with US reinstating economic sanctions on Iran. Last time the curbs had left Asian refiners grappling with increased working capital borrowings, lower credit period,

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Sri Lanka hikes fuel prices by up to 130%

Sri Lanka hikes fuel prices by up to 130%

Sri Lanka on Thursday sharply hiked fuel prices by up to 130 per cent following pressure from the IMF which advised the government to reduce the heavy subsidies.

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PM Modi to lay foundation stone for semi-ring road project in Srinagar on May 19

PM Modi to lay foundation stone for semi-ring road project in Srinagar on May 19

Prime Minister Narendra Modi would lay the foundation stone of Rs 939.41 crore semi-ring road project here during his visit to Jammu and Kashmir on May 19, officials said today.

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By 2020, capitals of all northeastern states to have rail connectivity

By 2020, capitals of all northeastern states to have rail connectivity

Indian Railway is likely to spend almost Rs 90,000 crore to improve connectivity in the northeast by 2020, including a 795-km railway line in Arunachal Pradesh that will provide accessibility right up to the China border, and connections between the capitals of all northeastern states.

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Open up Eastern Expressway for public by May 31: Supreme Court to NHAI

Open up Eastern Expressway for public by May 31: Supreme Court to NHAI

The Supreme Court today directed the National Highways Authority of India (NHAI) to throw open the Eastern Peripheral Expressway for the public by May 31, asking why were they "waiting" for its inauguration by the Prime Minister.

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Connecting Northeast by 2020: Rlys has 517-km roadmap in place

Connecting Northeast by 2020: Rlys has 517-km roadmap in place

The railways has a 517-km roadmap in place to bring the Northeast region closer to the heartland by 2020, officials said today.

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Survey on 3 rail projects along China border to be completed by 2019: Official

Survey on 3 rail projects along China border to be completed by 2019: Official

The railways has set a target of completing by 2019 the final location surveys of three strategic lines along the country’s border with China after the projects received the Cabinet Committee on Security (CCS) nod in December 2015, officials said today.

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Railways to roll out smart coaches with black box and diagnostics

Railways to roll out smart coaches with black box and diagnostics

They are billed as smart coaches, and Indian Railways will soon roll out these modern train compartments equipped with black boxes and coach information and diagnostics systems. The black boxes, a first for the Railways, will have a powerful multi-dimensional communication interface to provide all kinds of information on coach condition and also passenger-related information on a real -time basis, …

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Indian Railways to provide free WiFi services across 7,000 stations, says Piyush Goyal

Indian Railways to provide free WiFi services across 7,000 stations, says Piyush Goyal

Union Minister of Railways and Coal Piyush Goyal on Wednesday said that his aim is to provide free WiFi services over 7,000 railway stations in next one year.

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YESTERDAY'S HEADLINES

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