Friday, November 16, 2018         

Daily Newsletter on Energy and Infrastructure 

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STORY OF THE DAY:

Haryana's Power DISCOM Is The 1st To Turnaround Under UDAY

In what comes as a big success for the Union minister for power, RE, coal and mines, Piyush Goyal (who spent days and months in convincing states to join the Centre's flagship scheme ---- UDAY or Ujwal DISCOM Assurance Yojana for the financial and operational turnaround of state power distribution companies), India has got its first state power distribution company that has been able to eliminate its losses after joining within 10 months of joining UDAY. Read more...

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POWER

Insulated Substations Ensure Power Supply

To meet the growing power demand of Uttar Pradesh in general and Kanpur in particular, a high capacity 765/400kV, 3000 MVA State-of-the-Art Gas Insulated Substations Read more...

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Use Of LED Bulbs in Karnataka has Led to Saving of Rs. 729 Cr Annually

Price of LED bulbs under UJALA programme has been lowered for 9W LED bulbs to Rs. 65 per bulb

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Senegal lesson for India in providing power to non-BPL economically weak sections

Rural electrification in India is nearly complete—as per the Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY) portal, out of 597,464 census villages, 591,039 villages (98.9%) have been electrified.

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India Plans Nearly 60% Of Electricity Capacity From Non-Fossil Fuels By 2027

The Indian government has forecast that it will exceed the renewable energy targets set in Paris last year by nearly half and three years ahead of schedule.

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Tata Power to Focus On Renewable Energy

Tata Power has recently revised the share of non-fossil fuel based capacity up to 35-40% by 2025, of which solar power will be an important component, says Rahul Shah, CEO & Executive Director, Tata Power Renewable Energy Ltd.

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RENEWABLE ENERGY

Third-Party Rooftop Solar Units Cost 40% Cheaper Than Discoms

Rooftop solar units installed on industrial and corporate establishments by third parties are offering power 30-40% cheaper than the rates offered by the state's power distribution companies

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India to invest $1.8 billion on lines to transmit solar power

India will invest Rs127 billion on lines to transmit power from solar parks to enable Prime Minister Narendra Modi’s goal of boosting clean energy capacity to 175 gigawatts by 2022.

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Viability Gap Funding Likely for Wind Power

The Union Budget is likely to introduce viability gap funding and an incentive scheme for power distribution companies procuring wind power

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COAL

Jharkhand Govt Re-Allots Jitpur Coal Block to Jindal Steel and Power

The state government has decided to allow Jindal Steel and Power Ltd (JSPL) power plant to use Jitpur coal block for its 1,600-MW power plant located at Godda.

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GMDC to gain from rise in imported coal prices, GST

Development Corporation is likely to benefit from rising prices in international market. The company has been weighed down by falling coal prices since FY12.

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Coal India Gains Fresh Ground in Weak Market On Goldman Upgrade

Coal India, the world's largest producer of the fossil fuel, bucked a weak market and rose for the second day after global investment bank Goldman Sachs initiated coverage with a `Buy' rating and put a potential upside of more than 20 percent on its price Read more...

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OIL AND GAS

India's gas targets would need $10 bn investments: Crisil

The government's plan to more than double the share of natural gas in India's energy mix to 15 per cent would necessitate investments of at least Rs 65,000 crore just to augment gas import and pipeline infrastructure, a report said.

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Essar Oil to double petrol pumps to 5,600 in 18 months

Essar Oil, India's largest private fuel retailer, plans to double the number of petrol pumps it has in the country to 5,600 in 12-18 months, the firm's Chairman Prashant Ruia said.

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Latest developments in global gas sector are good for India: Prabhat Singh, MD & CEO, Petronet LNG

India’s LNG imports have risen by 18% in November. What according to you is the outlook on demand and whether this is scalable beyond this 18% uptick mark?

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First CNG station open at Sangam City

City got its first Compressed Natural Gas (CNG) fuel station and Piped Natural Gas (PNG) connection at Civil Lines and Trivenipuram, respectively. Union minister of state for petroleum and natural gas Dharmendra Pradhan inaugurated the two facilities at a function organised on KP Ground here on Wednesday.Read More...

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INFRASTRUCTURE 

Odisha Seeks Rs 5,870 Crore Package in Railway Budget

Odisha Chief Minister Naveen Patnaik said on Thursday the state generates an annual revenue of over Rs 15,000 crore for Indian Railway and sought a Rs 5,870 crore package for development of railway infrastructure in the state.

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Mumbai-Ahmedabad bullet train corridor gets approval

India and Japan have finally agreed on a fully elevated bullet train corridor between Mumbai and Ahmedabad.

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Suresh Prabhu To Flag Off Ram Mandir Station

Railway minister Suresh Prabhu will inaugurate the newly-constructed suburban station Ram Mandir on Thursday. The inauguration for the station between Goregaon and Jogeshwari stations is scheduled to begin at 4 pm.

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Now, dial 139 to book rail tickets

Non-smartphone users of the Indian railways will now be able to book tickets through their mobile phones with the railways deciding to provide the facility of booking tickets by dialling 139.

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Soon, Mumbai to Goa by train in under 8hrs?

A Mumbai–Goa superfast train is set to be unveiled early next year, as per an announcement by railway minister Suresh Prabhu.

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E-toll mop up rises 540 times as FASTags sell like hot tags

Demonetisation of old Rs 500 and Rs 1,000 notes has pushed toll payment through electronic mode rather than in cash, something the highways ministry failed to do in the past two years.

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Brookfield seals $1.6 bn deal to buy RCOM’s telecom towers; NSR, Soros to exit

Canadian private investment firm Brookfield Infrastructure Partners has inked the second-biggest private equity deal ever in India by buying the telecom tower business of Reliance Communications Ltd (RCOM) for Rs 11,000 ($1.6 billion) in cash.

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We Will Spend Rs 10,000 Crore To Decongest Gurgaon: Nitin Gadkari

India’s road transport and highways minister Nitin Gadkari has a grand plan to decongest Gurgaon with a series of projects worth close to Rs 10,000 crore

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California-Like Seaside Highway May Come To India, Courtesy Nitin Gadkari

The government is considering the possibility of beautifying the surroundings of Mumbai-Goa national highway along the seacoast on the lines of the road linking Los Angeles and San Francisco in the United States.

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Warm Regards,
Team EnergyInfraPost
Twitter: @EnergyInfraPos1

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