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Weekly Newsletter on Energy and Infrastructure

Good morning India! 

November , 16, 2018 , Friday

Latest News Updates in Energy and Infrastructure

States free to supply coal to power plants

States free to supply coal to power plants

The power ministry has finally framed new rules to get electricity supply from independent power producers in lieu of dry fuel, which is aimed at offering more freedom to states to use their allocated coal.

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Odisha govt withdraws tax sops to IOC's Paradip refinery

Odisha govt withdraws tax sops to IOC's Paradip refinery

In a big jolt to Indian Oil, the Odisha government has withdrawn tax incentives given to the Rs 34,555-crore Paradip refinery, making the company reconsider its plans to invest another Rs 52,000 crore in the state.

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New rail catering policy to separate cooking, distribution

New rail catering policy to separate cooking, distribution

Railways will tomorrow announce a new policy for its catering services which shall separate the functioning of its cooking and food distribution onboard.

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Railways: At 160 kmph, Train-2018 will begin its run from Chennai ICF

Railways: At 160 kmph, Train-2018 will begin its run from Chennai ICF

The railways has decided to go ahead with manufacturing on its own trainsets that can run at a maximum speed of 160 kmph, after its global bid in this regard failed to elicit positive response.

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Suresh Prabhu set to announce Indian Railways’ new catering services policy: Top 5 things to know

Suresh Prabhu set to announce Indian Railways’ new catering services policy: Top 5 things to know

Railways will announce a new catering policy which shall separate the functioning of its cooking and food distribution onboard. The new catering policy to be announced by railway minister Suresh Prabhu envisages fulfilling aspirations of public regarding healthy and hygienic food as it was flooded with complaints against food quality.

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Essar, IDFC Alternatives reach settlement, paving the way for Rosneft deal

Essar, IDFC Alternatives reach settlement, paving the way for Rosneft deal

The Essar Group has reached a settlement with private equity fund IDFC Alternatives, ending arbitration proceedings that threatened to block the proposed sale of Essar Power’s Vadinar plant and even delay the $12.9 billion Essar-Rosneft deal.

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The Week It Was

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 Friday when 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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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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State to derive an Overall Net Benefit of approximately Rs.481 crores through UDAY

Sikkim Joins UDAY, to to derive an Overall Net Benefit of approximately Rs. 207 crores through UDAY

The Government of India and the State of Sikkim signed a Memorandum of Understanding (MOU) under the Scheme Ujwal DISCOM Assurance Yojana (UDAY) today, for operational improvement of the State’s Power Distribution Departmen

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Tata Power crosses 10,500 mark as it synchronises 15 MW solar plant in Telangana

Tata Power crosses 10,500 mark as it synchronises 15 MW solar plant in Telangana

Tata Power Renewable Energy Ltd. (TPREL), India’s largest renewable energy company and Tata Power’s wholly-owned subsidiary, announced on Thursday the synchronisation of its 15 MW solar plant at Belampally in Telangana, thereby starting its commercial operations.

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NTPC's Total Installed Capacity Rises to 48143 MW

NTPC's Total Installed Capacity Rises to 48143 MW

The total installed capacity of NTPC has become 48143 MW with addition of 115 MW of Bhadla Solar Power Project commissioned yesterday taking up NTPC's solar capacity to 475 MW.

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Setting Up of 25 Solar Parks

Setting Up of 25 Solar Parks

The Ministry of New & Renewable Energy has initiated scheme for setting up of 25 Solar Parks, each with the capacity of 500 MW and above, to be developed in next 5 years in various States.

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Cabinet sanctions Rs.8,100 crore to increase solar capacity to 40,000MW

Cabinet sanctions Rs.8,100 crore to increase solar capacity to 40,000MW

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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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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OIL AND GAS

ONGC to invest $1.1 bn to boost output

ONGC to invest $1.1 bn to boost output

Oil and Natural Gas Corp , the country's top oil and gas explorer, will invest Rs 73.37 billion ($1.10 billion) in five fields to produce about 15 million tonnes of oil and about 3 billion cubic metres (BCM) of gas, it said on Thursday

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India comfortable with crude oil prices up to $65/barrel: CEA

India comfortable with crude oil prices up to $65/barrel: CEA

Rising global oil prices will not pose a serious risk to the economy if they remain within the range of USD 55-65 a barrel, said chief economic adviser Arvind Subramanian.

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

Oil minister, Pradhan & 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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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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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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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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LNG Fights a Losing Battle in India as Taxes Weigh on Demand

LNG Fights a Losing Battle in India as Taxes Weigh on Demand

A province governed by India’s Prime Minister Narendra Modi for 13 years is impeding his plans to promote clean energy.

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Indian Oil to invest Rs15,750 crore to grow pipeline network

Indian Oil to invest Rs15,750 crore to grow pipeline network

State-owned Indian Oil Corp. Ltd is set to invest heavily in logistics that will see the bulk of its petroleum product transport go off roads and railway lines into long-distance pipelines. Chairman B. Ashok said Indian Oil is framing a Rs15,750 crore investment plan to add 7,550km of long-distance pipeline for petroleum products

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India looks to expand energy ties with Myanmar

India looks to expand energy ties with Myanmar

India plans to sell refined crude oil products to Myanmar as part of New Delhi's efforts to deepen ties with its eastern neighbour, which is expected to see strong demand for fuels as it builds new roads, factories, utilities and airports

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INFRASTRUCTURE

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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Niti Aayog nudges Railways to bring all districts under its network

Niti Aayog nudges Railways to bring all districts under its network

Government think-tank Niti Aayog wants the Railways to prepare a plan similar to Pradhan Mantri Gramin Sadak Yojana (PMGSY) and National Highways Development Programme (NHDP) to link districts which are not on rail map.

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Warm Regards,

Anupama Airy

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