Petroleum and Natural Gas Regulatory Board (PNGRB), the nodal agency for facilitating economic activities in natural gas distribution, is organising a roadshow on Thursday for promoting 10th City Gas Distribution (CGD) bidding round in Jaipur. The ninth CGD bidding round for 86 Geographical Areas (GAs) covering 174 districts in 21 states/ UTs had attracted great […]
Day: January 3, 2019
Oil prices decline on swelling oversupply, volatile markets
Oil prices fell on Thursday amid volatile currency and stock markets, coupled with concerns that an economic slowdown in 2019 will cut into fuel demand just as crude supplies are surging. U.S. West Texas Intermediate crude oil futures dropped 75 cents to $45.79 a barrel by 0900 GMT. International Brent crude futures were down 50 […]
‘No controversy’ in Rafale deal, ‘only in minds’ of Congress party: Sushma
Dismissing the controversy surrounding the Rafale fighter jet deal, External Affairs Minister Sushma Swaraj on Thursday said that it is present “only in the minds” of the Congress, even as several MPs from the party staged a walkout from the Upper House. During the Question Hour, Congress leader Anand Sharma, citing a joint statement, demanded […]
Crude oil futures soften by 3.28 per cent on weak global cues
Crude oil futures declined sharply by 3.28 per cent to Rs 3,219 per barrel, as speculators cut bets to take profits off the table amid weak global cues. At the Multi Commodity Exchange, crude oil for delivery in January contracts fell by Rs 109, or 3.28 per cent, to Rs 3,219 per barrel with a […]
NHAI to raise Rs 10,000 cr via Bharatmala bonds in FY19, Parliament told
The National Highways Authority of India (NHAI) plans to raise Rs 10,000 crore through Bharatmala Taxable Bonds in the ongoing financial year, Parliament was informed on Thursday. The government has approved raising of Rs 62,000 crore by NHAI in 2018-19. “A draft self prospectus (DSP)/offer document has been filed with the stock exchanges and SEBI […]
BSES Delhi discoms ink pact with SECI for 200MW wind power
BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited(BYPL) on Thursday said they have signed agreements with Solar Energy Corporation of India to procure 200 MW of wind-power. The 100-MW each power is expected to be available to the two Delhi discoms from FY 2020-21 for a period of 25 years at a tariff […]
CEL Issues EPC Tender for 11 MW of Solar Projects in Maharashtra
Central Electronics Limited (CEL), a public-sector enterprise, has tendered 11 MW of grid-connected solar projects to be developed at various locations across Maharashtra. The bid-submission deadline is January 14, 2019. The minimum project size will be 400 kW to 500 kW at a single location. The CEL will supply 300-Watt solar PV modules for the […]
Editorial- January 2019
The Supreme Court has given its ruling in the case of three Power Stress projects of Tata, Adani and Essar established in the state of Gujarat. The ruling comes after hearing all parties and after a six-year long legal process. The ruling was made on the joint application made to the Supreme Court by the […]
Power Stress
The Supreme Court has given its ruling in the case of three big power projects – Tata, Adani and Essar – in the state of Gujarat. The projects have seen a six-year long legal tussle.
Air travel becomes costlier
On Nov 19, 2018, Airport Economic Regulatory of Authority of India (AERA) has increased the Passenger Service Fee (PSF) – Facilitation to Rs 77 per traveler from Rs 10 for flying from Delhi’s Indira Gandhi International (IGI) airport on domestic route. In addition, PSF-Security is being charged at Rs 130 from per embarking passenger.
CIL
Coal India’s coal production increased by 8.8 per cent to 358.33 million tonnes (MT) in the Apr-Nov period of the current financial year. It was at 329.29 MT in the corresponding period of the previous fiscal. Coal offtake has increased by 6.5 per cent in the period under reference. It is 391.82 MT compared to […]
Power Stress – Panel submits report
On Nov 12, 2018, an empowered committee headed by cabinet secretary PK Sinha suggested policy measures to revive stressed power plants with improved coal availability, for plants selling electricity in the spot market and forceful measures to ensure timely payments from state utilities with the help of banks.