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Wednesday, November 14, 2018

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NEWS UPDATES FROM ACROSS THE ENERGY SPACE

POWER/RE/COAL/MINES

Energy Budget 2017: Expansion of renewable sources to remain key focus

Energy Budget 2017: Expansion of renewable sources to remain key focus

A key focus of the energy sector in the 2017 budget remains on expanding India’s renewable energy resources by enhancing indigenous production.

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Canal-top solar power plants: One example of Narendra Modi's Gujarat Model that's working well

Canal-top solar power plants: One example of Narendra Modi's Gujarat Model that's working well

As far as the eye can see, line after line of solar panels stretch out in the midday sun beating down on the village of Chandrasan here in this eastern Gujarat district, which squeezes in 80 more people per sq km than India’s already crowded average of 441 people per sq km

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Suzlon Energy rises 2% on provisional credit rating to arm

Suzlon Energy rises 2% on provisional credit rating to arm

Shares of Suzlon Energy were up nearly 2 percent intraday on Monday after the company’s arm, Suzlon Global Services, received a provisional credit rating of 'A-' from CARE

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SAIL

SAIL in talks with CIL over coaking coal price hike

Worried over domestic coking coal price hike effected by state-owned CIL, the country's largest steel maker SAIL today said it is in negotiations with the miner on the issue as it is difficult for the company to absorb the increase.

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APEPDCL

Use 200 units of electricity, get solar power systems

Eastern Power Distribution Company of AP Limited (APEPDCL) in association with New and Renewable Energy Development Corporation of Andhra Pradesh Limited (NREDCAP) and Andhra Bank will provide rooftop solar power systems to domestic consumers who use a minimum of 200 units of power supplied by APEPDCL.

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Ashoka Buildcon

Ashoka Buildcon gets Rs. 117-cr power project in Bihar

Highway sector player Ashoka Buildcon today said it has bagged a power project worth Rs. 116.72 crore in Bihar.

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Mines and Minerals

JSPL Secured Long Term Coal Linkage from Coal India Ltd

Jindal Steel & Power Ltd has informed BSE that the Company has secured long term coal linkage of a total quantity of 0.5 million tonnes per annum for the next 5 years in the recently concluded coal linkage auction under Sponge Iron sub-sector, conducted by Coal India Limited

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JSPL shares advance 4% on securing long-term coal linkage from Coal India

JSPL shares advance 4% on securing long-term coal linkage from Coal India

Shares of Jindal Steel & Power (JSPL) advanced over 4 per cent in early trade on Monday after the company informed bourses that it has secured long-term coal linkage of a total quantity of 0.5 million tonnes per annum for the next 5 years in the recently concluded coal linkage auction under Sponge Iron sub-sector, conducted by Coal India Limited.

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Supreme Court to hear 2007 Goa mining case

Supreme Court to hear 2007 Goa mining case

The Supreme Court will on Monday hear the 2007 Goa mining case on the Public Interest Litigation (PIL) filed by senior advocate Prashant Bhushan.

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OIL AND GAS

Oil extends decline as rising US output weighs

Oil extends decline as rising US output weighs

Oil prices extended declines on Monday, dragged down by signs of growing output in the United States that would partly offset production cuts by OPEC and other producers.

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Industry body seeks policy to mandate usage of biodiesel

Industry body seeks policy to mandate usage of biodiesel

Ahead of the Union Budget, the apex industry body for biodiesel has sought continuation of central excise exemption and requested the Centre to introduce a national policy to mandate usage of the green fuel

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Budget 2017: Taxes on petrol, diesel may come down, here’s how Modi government can build city gas distribution network

Budget 2017: Taxes on petrol, diesel may come down, here’s how Modi government can build city gas distribution network

Lauding the Narendra Modi government for making the move to decontrol the price of petrol and diesel, Nabin Ballodia, Partner, Tax, KPMG in India says Finance Minister Arun Jaitley must deregulate Kerosene even as he expects a decline in taxes on petrol and diesel.

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AG&P signs MoU with Hindustan LNG to build a new LNG import terminal in Andhra Pradesh

AG&P signs MoU with Hindustan LNG to build a new LNG import terminal in Andhra Pradesh

Landmark agreement paves the way for delivery of lower-cost tolled gas to power plants and other users across India’s East Coast

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INFRASTRUCTURE

inaugurated

Bridge over Brahmaputra: Second bridge in Guwahati inaugurated by Nitin Gadkari

Bridge over Brahmaputra: Road Transport and Highways Minister Nitin Gadkari inaugurated the second bridge on the Brahmaputra at Saraighat on Sunday and also announced a number of new road projects for Assam, which included several bridges on the river, worth Rs 65,000 crore over the next five years. (IE)

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railway

Rail Budget 2017: Get ready to pay more for train tickets

Prompt responses to tweets from distressed passengers, pizzas at your seat, and even a proposal to exchange wedding vows at railway stations.

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Bengaluru neighbourhood improvement plan to build better infrastructure for walkers, cyclists

Bengaluru neighbourhood improvement plan to build better infrastructure for walkers, cyclists

The city's first socalled neighbourhood improvement plan in Sanjaynagar -to provide better infrastructure for pedestrians and cyclists -is set to get an extension almost doubling the project size.

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Ministry report identifies staff faliure as biggest cause of rail accidents

Ministry report identifies staff faliure as biggest cause of rail accidents

Failure of Railway staff is the biggest cause behind train accidents and derailments that have led to maximum deaths and injuries to passengers, said a safety report submitted to Railway Ministry.

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S N Subrahmanyan

L&T's order book is healthy, pipeline worth Rs 30,000 crore: S N Subrahmanyan

S N Subrahmanyan, the president of L&T has a surprising suggestion for the government for the upcoming Budget -“be conservative“.

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Warm Regards

Anupama Airy

Founder&Editor

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