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November 16, 2018

Friday

Daily News Updates From EnergyInfraPost.com

POWER/COAL/MINES/RE

India: Wind power tariff falls to record low at first-ever, rate-based auction

India: Wind power tariff falls to record low at first-ever, rate-based auction

India, which currently derives about 85 percent of its energy from thermal capacity, got a fillip to its push for renewable energy on Fridaywhen power tariff for wind energy dropped to a record low during auction for one giga watt (GW). The bids were won by listed entity Inox Wind, Mytrah Energy, Green Infra and Ostro Kutch Wind at Rs 3.46 per kilo watt hour (kWh)

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MoMSME organizing awareness programme on Energy Efficiency Technology

MoMSME organizing awareness programme on Energy Efficiency Technology

The Ministry of Micro, Small and Medium Enterprises (MoMSME) is organizing an awareness programme on Energy Efficient Technology for MSMEs in West Bengal.

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Now, domestic users can produce electricity, sell excess to discoms

Now, domestic users can produce electricity, sell excess to discoms

In a role reversal of sorts, domestic users can produce their own electricity and ‘sell’ it to Madhya Pradesh government!Armed with an approval from state cabinet for net metering policy and working out nitty-gritty, Madhya Pradesh Urja Vikas Nigam, a state PSU promoting non-conventional sources of energy, is calling applications from interested citizens for installing rooftop solar systems

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Coal India arm NLC approves Rs 1,244-crore share buyback plan

Coal India arm NLC approves Rs 1,244-crore share buyback plan

World's largest coal producer Coal India today said the board of its arm Northern Coalfield has approved a share buyback plan worth Rs 1,244 crore.

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OIL AND GAS

Unit of India's L&T wins $165 million contract from refiner Indian Oil Corp

Unit of India's L&T wins $165 million contract from refiner Indian Oil Corp

A unit of Indian engineering conglomerate Larsen & Toubro has won an onshore engineering, procurement and construction (EPC) contract from Indian Oil Corp Ltd, the country's largest refiner, worth 11 billion rupees ($165 million), it said in a statement on Saturday.

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Saudi King Salman goes on Asia tour to sell a stake in world's biggest IPO

Saudi King Salman goes on Asia tour to sell a stake in world's biggest IPO

Saudi Arabia's King Salman starts a month-long Asian tour on Sunday to build ties with the world's fastest growing importers of Saudi oil and promote investment opportunities, including the sale of a stake in its giant state firm Saudi Aramco.

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IndianOil’s Mathura-Jalandhar pipeline repaired and put back in service same night after pilferage

IndianOil’s Mathura-Jalandhar pipeline repaired and put back in service same night after pilferage

Indian Oil Corporation (IndianOil) has repaired and restored the Mathura-Delhi section of its Mathura-Jalandhar pipeline, where an instance of illegal tapping was detected on 17th February 2017 early morning, and put it back into service the same night to ensure uninterrupted transport of petroleum products.

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Iran plans to issue $4.5 bln in bonds for energy projects

Iran plans to issue $4.5 bln in bonds for energy projects

Iran is looking to offer up to $4.5 billion in rial and foreign currency-denominated bonds by March 2018, the oil ministry's news website SHAN Areported on Saturday.

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INFRASTRUCTURE

India International Travel Expo commences

India International Travel Expo commences

To boost both domestic and International tourism, India International Travel Exhibition (IITE] was inaugurated here at Vedika Function Hall, Benz Circle.

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Special pilgrims train launched for Northeast region

Special pilgrims train launched for Northeast region

In a bid to improve connectivity and to make northeast region a destination paradise, Indian Railway Catering And Tourism Corporation (IRTC) and the North East Frontier Railway (NFR) recently launched the “Aastha Circuit Train” a special pilgrim train for the Northeastern region here.

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Sabotage angle in train derailments gains currency

Sabotage angle in train derailments gains currency

The suspicion over sabotage as a possible reason for the spate of recent train derailments has gained currency with Prime Minister Narendra Modi stating the Kanpur train accident was a "conspiracy".

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Sitharaman to inaugurate 4th India-CLMV Business Conclave

Sitharaman to inaugurate 4th India-CLMV Business Conclave

Union Minister of Commerce and Industry Nirmala Sitharaman will inaugurate the 4th India CLMV Business Conclave here on Monday.

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L&T Infrastructure Finance to raise $100 mn in debt from IFC

L&T Infrastructure Finance to raise $100 mn in debt from IFC

International Finance Corporation, the private-sector arm of the World Bank, plans to provide Rs 666 crore ($100 million) in debt funding to L&T Infrastructure Finance Ltd.

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Railway coach factory rolls out general bogies with modern look

Railway coach factory rolls out general bogies with modern look

The trial run of chair car bogies under the model rail coach project was carried out from Habibganj railway station to Barkheda on Friday.

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Week 8: RIL pips HDFC Bank, becomes second most valuable co; 64 stocks hit fresh 52-week high

Week 8: RIL pips HDFC Bank, becomes second most valuable co; 64 stocks hit fresh 52-week high

Shares of Reliance Industries (RIL) hit nearly 9-year high in the eighth week of 2017, adding Rs 34,790 crore in to its market capitalisation, after the company's telecom arm Reliance Jio said it will begin charging for data services from April. The heavyweight also became the second most valuable company in terms of market capitalisation after Tata Consultancy Services . …

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India is bright spot for infra investment: Global Infrastructure Hub

India is bright spot for infra investment: Global Infrastructure Hub

India is seen as a bright spot for infrastructure investment amid rising protectionist measures around the world, said Bill Brummitt, chief operating officer (COO) of the Global Infrastructure Hub, a platform launched by G20 countries to address global infrastructure deficit.

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Warm Regards,

Anupama Airy

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