GOOD MORNING INDIA

October 15, 2018, Monday

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

Indians may see employment in the renewable energy sector boom in the coming years

Indians may see employment in the renewable energy sector boom in the coming years

India is apparently set to be both the fastest growing energy consumer and market by 2040. But that also means that over 300,000 people will be employed in the solar and wind industries by 2022, said a report by the International Labour Organisation.

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India to see 15-fold jump in demand for power to cool homes, says IEA report

India to see 15-fold jump in demand for power to cool homes, says IEA report

The International Energy Agency (IEA) has estimated that India will lead the world in terms of the power consumed for residential cooling. The agency estimates that India’s cooling-related energy demand will soar from 90 terawatt hour in 2016 to 1,350 terawatt hour (TWh) in 2050 — a 15-fold increase.

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Indian economy projected to grow 7.6% in 2018-19: UN

Indian economy projected to grow 7.6% in 2018-19: UN

India’s economy is projected to grow 7.6% in fiscal year 2018-19, remaining the fastest growing economy in the world, as robust private consumption and benefits from past reforms help the country’s GDP gain momentum but sustained recovery in private investment remains a crucial challenge, according to a UN report.

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PSE power plants resume coal imports

PSE power plants resume coal imports

State-run thermal power plants in India’s coastal States have again begun buying overseas coal due to domestic coal shortages, government and utility officials said, in a setback for the country’s long-term plans to eliminate imports.

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Azure Power wins 130 Mw solar power project in MSEDCL tender

Azure Power wins 130 Mw solar power project in MSEDCL tender

Delhi-based Azure Power today announced it has bagged a 130 Megawatt solar power project in the recently auction by Maharashtra State Electricity Distribution Company Ltd (MSEDCL).

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Reliance Power exists Tiaiya UMPP for Rs 712.64

Reliance Power exists Tiaiya UMPP for Rs 712.64

Reliance Power has exited Tilaiya Ultra Mega Power Project (UMPP) by selling stake for Rs 712.64 crore, which includes Rs 600 crore in bank guarantee.

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Irish Company Kingspan enters India through a JV with Jindal Mectec

Irish Company Kingspan enters India through a JV with Jindal Mectec

Kingspan, world’s largest player in high performance insulation and building envelope solutions, announces its entry into Indian market through a Joint Venture with Jindal Mectec Pvt. Ltd., the Indian market leader in the category.

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EBRD says considering investment in Turkish renewable energy company

EBRD says considering investment in Turkish renewable energy company

The European Bank for Reconstruction and Development said on Thursday it is considering an equity investment in Turkey's Ictas renewable energy company in the form of a capital increase.

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Finance Minister Piyush Goyal vows to clean up banking sector

Finance Minister Piyush Goyal vows to clean up banking sector

Finance Minister Piyush Goyal today vowed to quickly put on track the banking sector, which has been marred by scandals and bad debts that threaten to have repercussions for the broader economy.

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Sterlite Power bags $47 million conductor order from South Korean GS Group

Sterlite Power bags $47 million conductor order from South Korean GS Group

Sterlite Power today announced it has received a $47 million order from GS Group of South Korea for supply of a High-Performance Conductor.

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500 days and a billion barrels of lost oil pushes crude to $80 per barrel

500 days and a billion barrels of lost oil pushes crude to $80 per barrel

It has taken 500 days and the sacrifice of almost a billion barrels in lost oil output for the global crude market to eradicate a deep supply surplus, but oil prices have now hit OPEC heavyweight Saudi Arabia's desired level of $80 a barrel.

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Petrol at Rs 75.32 per liter in Delhi as crude oil prices surge

Petrol at Rs 75.32 per liter in Delhi as crude oil prices surge

A surge in crude oil prices pushed the cost of petrol in the country further higher on Thursday, with the transport fuel being sold at Rs 75.32 per litre in the national capital.

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India Raises Iran Oil Imports In April To Highest Since Oct 2016 As U.S. Sanctions Loom

India Raises Iran Oil Imports In April To Highest Since Oct 2016 As U.S. Sanctions Loom

India's oil imports from Iran surged to 640,000 barrels per day (bpd) in April, its highest level since October 2016, according to data from shipping and industry sources, as refiners raised purchases ahead of looming U.S. sanctions against Tehran.

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Land acquisition woes thwart India's mega refinery plan with Saudi Aramco

Land acquisition woes thwart India's mega refinery plan with Saudi Aramco

At the International Energy Forum in Delhi in April, the world's top oilNSE 1.79 % producer Saudi Aramco inked a preliminary deal to partner with a consortium of Indian players to build a $44 billion refinery and petrochemical project in Maharashtra's Ratnagiri.

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Phoenix from the ashes: Investors pile into smaller European oil groups

Phoenix from the ashes: Investors pile into smaller European oil groups

Investors have sent shares in European oil exploration and production (E&P) focussed companies like Premier, Tullow, EnQuest and Faroe, soaring, and some fund managers say they have not peaked yet.

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A new journey for India and Nepal

A new journey for India and Nepal

The Raxaul-Kathmandu rail link has the potential of having a ‘transformational impact’ on the region. During the just-concluded visit to Nepal, termed “historic” by Prime Minister Narendra Modi himself, he and his host, Nepalese Premier KP Sharma Oli,

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Now book unreserved tickets online as ECoR launches UTS app

Now book unreserved tickets online as ECoR launches UTS app

Now the passengers need not to visit booking counters of the station to purchase an unreserved ticket as the East Coast Railway (ECoR) has introduced the unreserved ticketing app ‘UTS’ to get the tickets online.

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For Railways, the threat is ‘in the air’

For Railways, the threat is ‘in the air’

The biggest threat to the Indian Railways is the rising trend of rail passengers travelling in air-conditioned coaches shifting to airlines. “We need to arrest this shift,” Ashwani Lohani, Chairman, Railway Board, said here today.

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NHAI Chairman on road to becoming Bihar Chief Secretary

NHAI Chairman on road to becoming Bihar Chief Secretary

Deepak Kumar, Chairman, National Highways Authority of India (NHAI), is set to join as Bihar’s Chief Secretary. The Deepak Kumar, who was instrumental in awarding the longest-ever stretch of national highways last year, thinks meeting the ambitious construction target of 6,000 km a challenge.

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Escorts Railways earmarks ₹400 cr for metro foray

Escorts Railways earmarks ₹400 cr for metro foray

Escorts Railways Equipment Division, a unit of the Escorts Group, has earmarked nearly ₹400 crore for possible acquisitions in India or Europe to help its entry into the lucrative metro rail sector.

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Now monitor refund status of rail tickets in real-time

Now monitor refund status of rail tickets in real-time

Rail passengers can now monitor the refund status of their cancelled tickets in real-time by logging on to a website launched by the Railways Ministry recently. The website ‘refund.indianrail.gov.in’ only requires the Passenger Name Record (PNR) numbers of travellers to reflect their refund status.

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Plans afoot to set up 20 vehicle scrap centres, says steel secretary Aruna Sharma

Plans afoot to set up 20 vehicle scrap centres, says steel secretary Aruna Sharma

Plans are afoot to set up 20 vehicle scrap centres once the government finalises its vehicle scrapping policy that proposes to scrap 20-year old commercial vehicles, a steel ministry official said on Thursday.

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Central Railway Registers 26% Increase in Ticket Checking Earnings in April 2018

Central Railway Registers 26% Increase in Ticket Checking Earnings in April 2018

Central Railway registered a record ticket checking earnings of Rs.25.90 crore in the month of April 2018 through in its intensive campaign against ticketless and irregular travel.

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YESTERDAY'S HEADLINES

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