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Good Morning India!

 November 20, 2018

DAILY NEWS UPDATES ON ENERGY AND INFRASTRUCTURE

POWER/COAL/MINES/RE

Cabinet approves doubling of solar park capacity to 40,000 MW

Cabinet sanctions doubling of solar park capacity to 40,000 MW

In a major push to clean energy, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the increase in solar capacity in the country from 20,000 megawatt (MW) to 40,000MW through setting up of solar parks and ultra-mega solar power projects

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Cabinet approves SJVN's investment in Nepal, stock tanks 6.06%

Cabinet approves SJVN's investment in Nepal, stock tanks 6.06%

The Cabinet has approved SJVN’s proposal to invest Rs 5723 crore in Nepal. However the stock does not seem to react positively to this news and has tanked by 6.06% in Wednesday's trade.

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Govt to discuss about large-scale adoption of EVs in India on Feb 23

Govt to discuss about large-scale adoption of EVs in India on Feb 23

The government's top brass, led by Finance Minister Arun Jaitley, will brainstorm on Thursday on how best it can push large-scale adoption of electric vehicles in the country, ahead of the rollout of FAME India.

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Uttar Pradesh government discriminating in giving power connections: Piyush Goyal

Uttar Pradesh government discriminating in giving power connections: Piyush Goyal

Union Power Minister Piyush Goyal today accused the Samajwadi Party government in Uttar Pradesh of providing power connections to members of "one community" in the state where assembly elections are underway

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ABB to make India export hub for high-end power gear

ABB to make India export hub for high-end power gear

Swiss-Swedish power equipment and robotics company ABB Ltd will transfer new smart-grid technologies to its Indian arm and ramp up local production to make the country an export hub for high-end power transmission systems and micro-grids, ABB India Ltd chief executive officer and managing director Sanjeev Sharma said

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SAIL Mines Jack Iron Ore Production by 25 %

SAIL Mines Jack Iron Ore Production by 25 %

The mines of Raw Materials Division (RMD) of SAIL have kicked off the first month of this calendar year with a growth over 25 per cent in iron ore production with respect to the corresponding period year last year (CPLY).

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Mizoram set to become power surplus third state in the northeast

Mizoram set to become power surplus third state in the northeast

Two decades after it got Union cabinet approval, a 60 MW project in Mizoram will see the light of day in June making the hilly state the third power-surplus state in northeast India after Sikkim and Tripura.

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Subansiri Hydro Power Project problems to be sorted out: Pema Khandu

Subansiri Hydro Power Project problems to be sorted out: Pema Khandu

Arunachal Pradesh Chief Minister Pema Khandu today said the state government will soon sort out the problems on implementation of the stalled 2000 MW Subansiri Lower Hydro Electric Project at Dollongmukh in Lower Subansiri district.

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Mechanised Mine: With Panna diamond reserves depleting, NMDC focuses on exploration

Mechanised Mine: With Panna diamond reserves depleting, NMDC focuses on exploration

As the reserves of India’s only mechanised diamond mine at Panna are depleting, its owner National Mineral Development Corporation (NMDC), a Navratna public sector undertaking, is increasing its focus on exploring other diamond-rich areas in Madhya Pradesh (MP)

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BBMB post: Build pressure on Centre, says ex-minister

BBMB post: Build pressure on Centre, says ex-minister

Former Union Minister MS Gill said today that the Punjab Government should build pressure on the Centre to get the Bhakra Beas Management Board (BBMB) Chairman appointed at the earliest.

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Falling tariffs force Madhav Infra Projects to put its solar assets up for sale

Falling tariffs force Madhav Infra Projects to put its solar assets up for sale

Vadodara-based Madhav Infra Projects has put its 34 MW of solar assets up for sale. The company’s solar business is believed to be worth about R300 crore.

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Power producers turn to group captive model in tough times

Power producers turn to group captive model in tough times

The more than a decade old group captive model is attracting attention as power producers in the country continue to struggle with idle capacities, lack of long-term power purchase agreements (PPA), low merchant rates and pending dues from the state-run distribution companies

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China rebar, coking coal rise again on possible output curbs, N.Korea coal ban

China rebar, coking coal rise again on possible output curbs, N.Korea coal ban

Prices for Chinese rebar steel, coke and coking coal rose for a second day on Tuesday, boosted by possible curbs on coal production capacity and the suspension of North Korean coal imports.

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Nuclear power to be harnessed from oceans soon

Nuclear power to be harnessed from oceans soon

Scientists are developing a new way of extracting uranium from seawater, an advance that may help countries that lack resources to harness nuclear power from the oceans.

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BHP: World's biggest miner BHP posts soaring half-year profit

BHP: World's biggest miner BHP posts soaring half-year profit

Mining giant BHP Billiton reported Tuesday a dramatic rebound in half-yearly profits on the back of surging coal and iron ore prices and improved productivity.The underlying profit of US$3.2 billion and earnings before tax of US$9.9 billion for the last six months of 2016 exceeded expectations.

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OIL AND GAS

Global Crude oil price of Indian Basket was US$ 55.37 per bbl on 21.02.2017

Global Crude oil price of Indian Basket was US$ 55.37 per bbl on 21.02.2017

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 55.37 per barrel (bbl) on 21.02.2017.

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Oil minister, top govt officials to conduct pan-India energy survey

Oil minister, top govt officials to conduct pan-India energy survey

Oil minister Dharmendra Pradhan, senior officers of his ministry and executives of state-run oil companies will fan out in almost all the districts of the country over the next 40 days to gauge energy infrastructure, availability of cashless facilities and issues of cooking gas supplies

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Petroleum Minister

Pradhan visits Myanmar for strengthening Hydrocarbon Relations

During his Myanmar visit, minister Dharmendra Pradhan put forth proposals on participation by Indian O&G companies in Mid & Down Stream sector of Myanmar

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West Bengal Government enters into a JV with GAIL

West Bengal Government enters into a JV with GAIL

West Bengal Government, led by Chief Minister, Mamta Banerjee in the meeting of the Cabinet Standing Committee on Industry has approved the joint venture with the Gas Authority of India Limited (GAIL).

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Indian Oil makes rare offer of jet fuel for March export

Indian Oil makes rare offer of jet fuel for March export

Indian Oil Corp has offered up to 32,000 tonnes of aviation jet fuel for loading from Paradip in March in an unusual move, a tender document showed on Wednesday

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Production Performance of Oil & Natural Gas Sector for January, 2017

Production Performance of Oil & Natural Gas Sector for January, 2017

Crude oil production during January, 2017 was 3075.41 TMT which is 5.57% lower than target but 1.28% higher when compared with January 2016. Cumulative crude oil production during April, 2016 – January, 2017 was 30120.74 TMT which is 2.31% and 2.79% lower than target and production during corresponding period of last year respectively

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Chennai oil spill has severely impacted volunteers’ health, says report

Chennai oil spill has severely impacted volunteers’ health, says report

An independent report has highlighted the long-term health impacts of the Ennore oil spill and the need for sustained medical care for volunteers as well as local residents, who came into contact with the oil.

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Government's plan to create an integrated oil company may see ONGC taking over HPCL or BPCL

Government's plan to create an integrated oil company may see ONGC taking over HPCL or BPCL

The government’s plan to create an integrated oil company will likely involve Oil and Natural Gas Corp taking over either Hindustan Petroleum Corp (HPCL) or Bharat Petroleum Corp (BPCL) but won’t result in a mega merger leading to the creation of an industry giant

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Rosneft-led consortium to complete Essar Oil buyout soon

Rosneft-led consortium to complete Essar Oil buyout soon

A consortium led by Russian oil major Rosneft plans to finally complete its $12.9 billion acquisition of India’s Essar Oil next month, two Russian sources close to the deal told Reuters

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Kolkata-based oil & gas co set to buy LSE-listed firm

Kolkata-based oil & gas co set to buy LSE-listed firm

City based PFH Oil and Gas, promoted by Harsh V Poddar of Poddar group, is in talks with London Stock Exchange (LSE) listed companies for acquisition to expand its energy business.

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Weir reports 22 pct fall in FY pretax profit on weak oil market

Weir reports 22 pct fall in FY pretax profit on weak oil market

Weir Group Plc, a maker of pipes and valves for energy and mining industries, reported a 22 percent fall in full-year pretax profit, hurt by a weak North American oil and natural gas market.

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Chevron: EXCLUSIVE-China state firm in preliminary deal to buy Chevron's Bangladesh gas fields -oil

China state firm in preliminary deal to buy Chevron's Bangladesh gas fields

China's state-run Zhenhua Oil has signed a preliminary deal with Chevron to buy the U.S. oil major's natural gas fields in Bangladesh that are worth about $2 billion, two Beijing-based Chinese oil executives said

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INFRASTRUCTURE

Suresh Prabhu unveils Antyodaya Express for common man

Suresh Prabhu unveils Antyodaya Express for common man

Equipped with cushioned seats, aluminium composite panels, and LED lights, the Antyodaya Express, a new fully unreserved train for the common man with specially designed colourful coaches was unveiled today by Railway Minister Suresh Prabhu

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Warm Regards,

Anupama Airy

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