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Wednesday, November 21, 2018

Daily Newsletter From EnergyInfraPost.com

POWER/COAL/MINES/RE

Coal India plans to produce oil & gas in major diversification drive

Coal India plans to produce oil & gas in major diversification drive

Coal India Ltd is contemplating a major diversification as it plans to produce oil and gas from its coal in a big way as growth from its core activity is declining.

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JSPL's loss narrows down to Rs 455 crore in December quarter

JSPL's loss narrows down to Rs 455 crore in December quarter

JSPL managed to cut down its consolidated net loss by almost half in Q3FY17 to Rs 455 crore, against a loss of Rs 882 crore in Q3FY16 on higher production and sales and improved price realisation in its steel business. The company's consolidated revenue went up 25% to Rs 5408 crore during the quarter. EBIDTA went up to Rs 1277 …

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JERA deal will help us fund additional 1,000 MW capacity: Sumant Sinha, CEO, ReNew Power

JERA deal will help us fund additional 1,000 MW capacity: Sumant Sinha, CEO, ReNew Power

Gurgaon-based renewable energy company ReNew Power Ventures has sold 10 per cent stake to Japanese power giant JERA to raise $200 million.

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Higher sales, prices to power up Coal India amid concerns over weak performance

Higher sales, prices to power up Coal India amid concerns over weak performance

Coal India’s financial performance in the December 2016 quarter was weak when compared with that in the corresponding quarter of the previous year.

In addition, there are concerns over the employee wages which are due for negotiations and volatility in international coal prices.

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India can't write-off coal-based energy so soon: World Coal Association

India can't write-off coal-based energy so soon: World Coal Association

Reacting to a report citing India will need no coal-based power plant after 2025, the World Coal Association (WCA) said it is not credible to suggest that the country

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India, Norway experts discuss next steps in renewable energy cooperation

India, Norway experts discuss next steps in renewable energy cooperation

Experts from India and Norway recently took part in a workshop organised jointly by Innovation Norway, The Norwegian Embassy,

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Japanese investors pick 10% stake in ReNew Power

Japanese investors pick 10% stake in ReNew Power

In what marks the entry of Japanese investors in the Indian renewable energy market, its leading power company JERA Co Inc picked up a 10 per cent stake in ReNew Power Ventures Pvt Ltd

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10 % stake

Coal India risks burning investors as govt set to offload 10% stake

Fancy a truckload of the world’s biggest coal miner? New Delhi is planning to sell a 10% stake in Coal India Ltd. Such a deal could be worth about Rs19,700 crore

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Sumant Sinha in talks for $100 million funding to hike ReNew Power stake

Sumant Sinha in talks for $100 million funding to hike ReNew Power stake

Sumant Sinha, founder and chief executive officer of Goldman Sachs-backed green energy producer ReNew Power Ventures Pvt. Ltd

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NTR snags 25MW Castlecraig

NTR snags 25MW Castlecraig

NTR has acquired the 25MW Castlecraig wind farm in Northern Ireland from RES for its NTR Wind 1 fund.

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power capacity

Fresh power capacity from clean sources only after 2023-24

New capacity additions could all come from renewable sources like solar, wind and hydro power, but that is only after 2023-24, subject to cost competitiveness and the grids ability to handle clean energy, says a TERI report.

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OIL AND GAS

Fresh US drilling capping crude oil price: OPEC

Fresh US drilling capping crude oil price: OPEC

Renewed drilling by US oil producers is keeping a ceiling on a global crude price recovery, cutting into the impact of deep reductions by other major producers, OPEC said Monday.

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Wholesale inflation spikes to 5.25% in January, fuel prices rise

Wholesale inflation spikes to 5.25% in January, fuel prices rise

Wholesale inflation shot up to a 30-month high of 5.25 per cent in January as rising global crude oil prices spiked domestic fuel cost, even as food prices moderated.

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Petronet buys 26 percent stake in LNG vessel for Rs 100 crore

Petronet buys 26 percent stake in LNG vessel for Rs 100 crore

Petronet LNG LtdBSE 0.68 %, India's largest liquefied natural gas importer, has bought a 26 per cent stake in the shipping consortium that built its biggest LNG ship to transport gas form from Australia.

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Pradhan asks OMCs to expedite allotment of outlets to SC, ST candidates

Pradhan asks OMCs to expedite allotment of outlets to SC, ST candidates

After finding oil marketing companies (OMCs) lagging behind in meeting their targets, petroleum minister, Dharmendra Pradhan has asked OMCs to step up efforts to allot more retail outlets (ROs) to SC and ST candidates

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PSU

Integrated mega oil PSU: One merger by September; GSPC, small firms likely first

The government is planning to carry out at least one merger between state-run oil companies by the end of September this year

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IOC plans to use half the capacity of country’s proposed longest LPG pipeline

IOC plans to use half the capacity of country’s proposed longest LPG pipeline

State-run Indian Oil Corporation plans to use nearly half the capacity of the country’s longest liquefied petroleum gas (LPG) pipeline

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INFRASTRUCTURE

IFC mulls Rs 100 cr investment in Clean Max Enviro Energy Solutions

IFC mulls Rs 100 cr investment in Clean Max Enviro Energy Solutions

International Finance Corp, the private sector investment arm of the World Bank, could invest about Rs 100 crore in renewable energy company Clean Max Enviro Energy Solutions, one of the largest solar solutions providers in India.

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Warm Regards,

Anupama Airy

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