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Wednesday, November 21, 2018

Weekly Newsletter on POWER/COAL/MINES/RE From EnergyInfraPost.com

LATEST NEWS UPDATES

Spot crude buying time cut to two hours by Indian Oil Corp (IOC) to boost margins

Spot crude buying time cut to two hours by Indian Oil Corp (IOC) to boost margins

Indian Oil Corporation (IOC) has brought down the buying time for some of its spot cargoes to two hours, sharply shrinking from 30 hours just one and a half years ago

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Halving of LNG duty to save Rs 900 cr for consuming industries

Halving of LNG duty to save Rs 900 cr for consuming industries

The government's move to halve import tax on liquefied natural gas (LNG) in a bid to promote use of the cleaner fuel, will result in Rs 900 crore savings to gas-consuming industries. A host of industries from petrochemical plants to fertilizer units will benefit from the Budget announcement of cutting import duty on LNG to 2.5 pe cent from 5 …

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Merged PSU energy giant to have global edge: B Ashok, IOC Chairman

Merged PSU energy giant to have global edge: B Ashok, IOC Chairman

The merger of state-run energy companies will provide India the muscle to acquire assets abroad and negotiate better, but the business model of the new entity thus created will be key to its success

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THE WEEK IT WAS

Coal ministry to allow commercial mining by private companies

Coal ministry to allow commercial mining by private companies

Forty-four years after nationalising coal mines, the government will allow commercial mining by private companies this year, a top coal ministry official said on Thursday.

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Union Budget Has Given MSMEs Engaged In Power, RE, Coal and Mines An Competitive Edge : Piyush Goyal

Union Budget Has Given MSMEs Engaged In Power, RE, Coal and Mines An Competitive Edge : Piyush Goyal

Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal said on Thursday that the Micro, Small & Medium Enterprises (MSMEs) have been made competitive with the announcement in the Budget 2017 over reduction of Corporate Tax to 25% up to turnover of Rs. 50 crores.

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India Fast Emerging As The LED Capital Of The World : Union Minister Piyush Goyal

India Fast Emerging As The LED Capital Of The World : Union Minister Piyush Goyal

Union minister of state for power, renewable energy, coal and mines, Piyush Goyal said on Monday that India was fast emerging as the LED capital of the world.

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Anand Kumar Gupta takes over as Director(Comml),NTPC

Anand Kumar Gupta takes over as Director(Comml),NTPC

Shri Anand Kumar Gupta has taken over the charge as Director (Commercial), NTPC today. Shri Anand Kumar Gupta (aged 56 years) is graduate in Electrical Engineering from Moti Lal Nehru National Institute of Technology, Allahabad.

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01-credit-Gram-Power-Jacob-Dickinson

Making efficient and affordable power real: 5 solar energy startups that are making it happen

The last five years have seen an increased interest in the domestic solar energy sector. The government is promoting existing policies, introducing new policies and enabling more concessions

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Cheaper renewables to halt coal and oil demand growth from 2020: research

Cheaper renewables to halt coal and oil demand growth from 2020: research

The falling cost of electric vehicle and solar technology will halt demand growth for oil and coal from 2020, according to research published on Thursday, posing a threat to fossil fuel companies unprepared for the transition

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Govt to auction 23 new coal mines next financial year: Coal secy

Govt to auction 23 new coal mines next financial year: Coal secy

Coal SecretarySusheel Kumar today said the government would auction 23 coal mines and allocate two coal mines through government dispensation route in the next financial year 2017-18

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From Suzlon’s Tulsi Tanti to Tata Power’s Anil Sardana, renewables industry wanted much more from Budget 2017

From Suzlon’s Tulsi Tanti to Tata Power’s Anil Sardana, renewables industry wanted much more from Budget 2017

The cuts in import taxes in the Budget for renewable energy equipment might not suffice to increase the competitiveness of domestic manufacturing

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bandra-worli-sealink-to-go-green-switch-to-solar-power-by-april-2017

Bandra Worli sealink to go green, switch to solar power from April 2017

In a bid to save on electricity bills and pave way for green energy, the 5.6 km stretch of the Bandra Worli sealink will be illuminated with the help of solar panels from April this year.

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Badarpur plant needs to be reopened: Delhi power secy

Badarpur plant needs to be reopened: Delhi power secy

While the Delhi government's environment department on Friday extended the closure of Badarpur power plant till further orders

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Arun Jaitley's Budget 2017-18 Endorses Piyush Goyal's Focus On Renewable Energy and Rural Electrification

Arun Jaitley's Budget 2017-18 Endorses Piyush Goyal's Focus On Renewable Energy and Rural Electrification

Maintaining its focus on India’s Renewable Energy plans, Finance Minister Arun Jaitley while presently Union Budget 2017-18 said the government would now take up the second phase of solar park development in the country to add 20,000 MW.

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Union Budget 2017announces another Rs 4,814 crore for Energising Rural Homes

Union Budget 2017announces another Rs 4,814 crore for Energising Rural Homes

Confident that India will achieve 100% rural electrification by 2018, Finance Minister Arun Jaitely has proposed Rs 4,814 crore as part of budget allocation for government’s rural electrification program -under Deen Daya Upadhyayal Gram Jyoti Yojana meant for facilitating power to all rural homes.

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Budget brings lower indirect levies for clean energy equipment

Budget brings lower indirect levies for clean energy equipment

Giving a boost to clean energy programme, Finance Minister Arun Jaitley today proposed massive cuts in excise and customs duties on materials used in solar and wind plants, and also announced the second phase of solar park development for 20 GW capacity

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Environment

Badarpur power plant to stay shut till notice

The environment department of the Delhi government on Tuesday extended the closure directive of the Badarpur power plant, which means it won't reopen till further orders.

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NMDC

NMDC seeks new iron-ore leases through preferential allotment

India’s largest iron-ore miner, NMDC, will be able to ramp up its yearly production from 30-million tons currently to 75-million tons by 2019 and 100-million tons by 2022

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India ranks 4th globally in wind power installation: ​E​conomic Survey

India ranks 4th globally in wind power installation: ​E​conomic Survey

The Economic Survey 2017 tabled in the Parliament on Tuesday -- the first day of the Budget session by Finance Minister Arun Jaitley applauded the policy actions taken for the country’s renewable energy sector.

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SAIL

Strategic sale of NMDC, SAIL units on cards

The Union government has begun the process for strategic disinvestment in assets of public sector undertakings, including three units of Steel Authority of India

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ICVL to restart operations at Mozambique mine as coking coal prices rise

ICVL to restart operations at Mozambique mine as coking coal prices rise

After suspending operations at its Benga mine in Mozambique in May last year, International Coal ventures (ICVL), the SAIL-led consortium of five state-run units

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TariffAlarm: A technology that can cut your energy bills

TariffAlarm: A technology that can cut your energy bills

How often does it happen that you end up paying more to your electricity supplier only because you failed to control you usage

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“Exceptionally Low PLF’s” and Tariffs Posing Challenge To Private Power Producers: Survey 2017

“Exceptionally Low PLF’s” and Tariffs Posing Challenge To Private Power Producers: Survey 2017

The Economic Survey 2017 tabled in Parliament by Finance Minster Arun Jaitley on Tuesdaynoted that private firms are reeling under cost-overrun pressure and “exceptionally low” plant load factor’s (PLF’s) and tariffs in the short-term market are not likely to rise in the near term.These two factors, the Survey said, were hurting the profitability of private power producers.

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Government to allow commercial mining of coal

Government to allow commercial mining of coal

The Centre is all set to initiate commercial mining of coal from the next fiscal and four dry fuel mines will be sold at an auction in the first phase

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Budget 2017: Govt realised dream of 'power-surplus' India, says Piyush Goyal

Budget 2017: Govt realised dream of 'power-surplus' India, says Piyush Goyal

Union Minister of State for Power Piyush Goyal’s confident smile at the 'Budget Verdict' show at the Hyatt Regency in New Delhi on Thursday evening underscored the aphorism that "Nothing succeeds like success".

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Coal India production grows 5.5 per cent in January

Coal India production grows 5.5 per cent in January

Coal India Ltd (CIL) on Thursday reported that its production grew by 5.5 per cent to 55.99 million tonnes (mt) in January as compared to 52.86 mt in the corresponding month last fiscal

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Tamil Nadu to get 500 Megawatt solar power plants at Rs 2,170 crore

Tamil Nadu to get 500 Megawatt solar power plants at Rs 2,170 crore

NLC India Limited has proposed to set up solar power plants at the cost of 2,170 crore with a total capacity of 500 Megawatt in various parts of Tamil Nadu

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Warm Regards.

Anupama Airy
​EnergyInfraPost.com
​T​witter: @​energyinfrapos1​
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