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India's renewable energy capacity crosses 80GW-mark: R K Singh

The Economic Times 17-07-2019

India's renewable energy capacity has crossed the 80GW-mark, which includes 29.55 GW of solar energy and 36.37 GW wind power, Parliament was informed Tuesday.

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People need to pay the toll for good roads: Nitin Gadkari

The Economic Times 17-07-2019

If you want good services, you will have to pay toll, union highways minister Nitin Gadkari has said in a terse message that the toll system is here to stay.

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Suzlon defaults on bond payments worth $172 million

Mint 17-07-2019

Troubled wind turbine maker Suzlon Energy Ltd on Tuesday said it has failed to make a payment of principal amount of $172 million for outstanding bonds, due in July.

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BS VI petrol, diesel likely to pinch more due to higher refining costs

Mint 17-07-2019

Customers may have to shell out more for petrol and diesel from April as fuel retailers are looking to pass on the higher cost of producing Bharat Stage VI-compliant fuel, said two senior officials at the companies.

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Adani Ports begins buyback of $650 million bonds due next year

Mint 17-07-2019

Adani Ports and Special Economic Zone Ltd on Tuesday said it has begun a tender offer to buy back bonds worth $650 million due next year. The bond repurchase programme by the Adani group firm will close on 24 July, a company statement said.

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High Court quashes CRZ clearance to ? 14,000-cr Mumbai road project

The Hindu Businessline 17-07-2019

The Bombay High Court on Tuesday quashed the CRZ clearances granted to the city civic body?s ambitious Rs 14,000-crore coastal road project, saying there was ?serious lacuna? in the decision-making process and lack of proper scientific study.

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Locals in Maharashtra village keen to sell their land for Ratnagiri Refinery project

The Hindu Businessline 17-07-2019

While the Maharashtra government has decided to shift the proposed mega oil refinery project from Nanar village in Ratnagiri district owing to local opposition, about 1,000 families, owning 7,000 acres in the area, are keen to sell their land for the project.

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Policy uncertainty, lack of clarity may hamper investments in renewable energy sector: CEEW

The Hindu Businessline 17-07-2019

Investments in the clean energy sector may be hampered if policy uncertainty in the renewable energy sector persists, feels Arunabha Ghosh, Chief Executive Officer at the Council on Energy, Environment and Water (CEEW).

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NTPC?s pollution-control plans gather pace, entail huge capex

The Hindu Businessline 17-07-2019

Power sector giant NTPC?s plans to install emission-control equipment at its 38 power plants (with combined capacity of 65,350 MW) could take up to four years to materialise, with an average expenditure of ?50-70 lakh per MW, senior company officials said.

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India's decentralised renewables workforce to double by 2022-23: Report

Business Standard 17-07-2019

India?s decentralised renewable energy (DRE) sector--which generates, stores and distributes renewable energy locally--could employ nearly 100,000 more people by 2022-23, according to a new report.

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Govt invites proposals for developing e-vehicle charging infra in cities

Business Standard 17-07-2019

The government has invited proposals from entities for the deployment of electric vehicle charging infrastructure in big and smart cities.

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Rooftop solar players shut shop as going gets tough

The Financial Express 17-07-2019

The falling margins and tariff pressure have forced Indian EPC rooftop solar players to shut shop over the last six months as they find it difficult to meet their working capital and other operating expenses, industry sources close to the development told FE.

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Government signs contracts for 32 hydrocarbon blocks under OALP

The Financial Express 17-07-2019

The government on Tuesday signed revenue-sharing contracts for 32 hydrocarbon blocks offered under the Open Acreage Licensing Policy (OALP) Rounds II and III, adding 60,000 square km to India?s exploration map. State-run Oil India has won 12 blocks under the two rounds, followed by Vedanta (10), ONGC (8) and Indian Oil Corporation (1).

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Reforms agenda to be included in power distribution guidelines

The Financial Express 17-07-2019

Keeping in mind the current financial distress of the country?s electricity distribution companies (discoms), power minister RK Singh has asked the Central Electricity Authority (CEA) to integrate the upcoming tariff policy?s proposed procedural reforms in its final ?distribution perspective plan?.

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Tripling oil exploration area on cards for boosting discoveries

The Economic Times 16-07-2019

The government plans to more than treble the area under exploration to 700,000 sq. km in five years from 200,000 sq. km currently to boost chances of oil and gas discoveries and lift India?s declining output.

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