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​GOOD MORNING INDIA!

November , 20, 2018 , Tuesday

DAILY NEWS UPDATES ON ENERGY AND INFRASTRUCTURE

EDITOR’S PICK

More wind mills to go under the hammer next fiscal: Piyush Goyal

More wind mills to go under the hammer next fiscal: Piyush Goyal

Encouraged by the drop in tariff to a record low of Rs 3.46 per unit in the first auction of wind power, the government plans to put on the block more such projects in the next financial year, according to Piyush Goyal, minister for power, coal, mines and new & renewable energy.

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ONGC may acquire HPCL in Rs 44,000-cr deal

ONGC may acquire HPCL in Rs 44,000-cr deal

State-owned Oil and Natural Gas Corporation (ONGC) may acquire India's third-biggest fuel retailer HPCL in an about Rs 44,000 crore ($6.6 billion) deal as part of the government's plan to create an integrated oil giant.

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Government to formulate policies on ethanol, methanol to bring down crude import bill: Nitin Gadkari

Government to formulate policies on ethanol, methanol to bring down crude import bill: Nitin Gadkari

The Centre will soon come out with policies on the second-generation ethanol as well as methanol, non-conventional fuel resources, which will bring down the crude import bill by Rs 1 lakh crore, Union Minister Nitin Gadkari said today.

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Can understand Naveen Patnaik's hatred: Dharmendra Pradhan

Can understand Naveen Patnaik's hatred: Dharmendra Pradhan

Petroleum minister Dharmendra Pradhan on Sunday blasted the Naveen Patnaik government for the latter ‘s decision to withdraw fiscal incentives to IOCL’ s Paradip refinery. Dharmendra attributed the action to Naveen ‘s personal hatred towards him

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POWER/COAL/MINES/RE

Narendra Modi govt looks to bring efficiencies into power production, allows private plants to bid for coal with states

Narendra Modi govt looks to bring efficiencies into power production, allows private plants to bid for coal with states

Private power plants can now procure coal from state governments’ coal reserve, which is allocated for power production. The move aims to enhance the efficiency in utilisation of domestic coal

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India- Wind power tariffs fall to a record low

India- Wind power tariffs fall to a record low

Wind power tariffs in India fell to a record low in a government auction for 1 gigawatt projects, weeks after solar power tariffs had also marked similar lows at an auction.

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More wind mills to go under the hammer next fiscal: Piyush Goyal

More wind mills to go under the hammer next fiscal: Piyush Goyal

Buoyed by drop in tariff to record low of Rs 3.46 per unit in the first auction of wind power, the government is mulling putting on the block more such projects next fiscal

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Thermal power plant emissions: MoEFCC zeroes in on FGD, environmentalists say tech outdated

Thermal power plant emissions: MoEFCC zeroes in on FGD, environmentalists say tech outdated

The Ministry of Environment Forest and Climate Change (MoEFCC) in its technology hunt spree to reduce emissions of thermal power plants has zeroed down on Flu Gas Desuplhurization (FGD) technology, which according to a section environmentalist is an outdated technology used in the last century

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Trade union urges PM to do justice with contract workers

Trade union urges PM to do justice with contract workers

Thousands of contract coal workers in India including hundreds of such workers who were employed in EMTA open cast mine in Bhadravati, Chandrapur district are sitting idle since more than 22 months because of negligence on the part of Ministry of Coal

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ArcelorMittal plans solar farm in Ballari

ArcelorMittal plans solar farm in Ballari

The company had entered into a pact with Karnataka government for setting up a 6 million tonnes (MT) steel plant with a captive 7,50 MW power plant at an estimated investment of USD 6.5 billion

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GMR Infra completes GMR Chhattisgarh Energy debt recast

GMR Infra completes GMR Chhattisgarh Energy debt recast

GMR Chhattisgarh Energy Limited (GCEL), a subsidiary of GMR Infrastructure Limited (GIL) has announced that the consortium of lenders of GCEL have adopted strategic debt restructuring plan (SDR), as provided under the scheme permitted by the RBI

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Drama unfolds in wind

Drama unfolds in wind

Last Thursday 3 pm onwards, every player of the Indian wind industry geared up for real action which continued till wee hours of Friday. In the first ever wind bidding by state-run Solar Energy Corp. of India (SECI) for 1000 MW bidders were allowed to locate projects in the state of their choice and most have opted for Tamil Nadu and Gujarat.

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OIL AND GAS

Global Crude oil price of Indian Basket was US$ 55.18 per bbl on 24.02.2017

Global Crude oil price of Indian Basket was US$ 55.18 per bbl on 24.02.2017

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$ 55.18 per barrel (bbl) on 24.02.2017.

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ONGC to take control of HPCL to create larger oil sector entity: Report

ONGC to take control of HPCL to create larger oil sector entity: Report

India's state-run Oil and Natural Gas Corp will take control of Hindustan Petroleum Corp as part of the government's plan to create an integrated public sector oil entity

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Oil ticks up on supply cuts, but rising US output caps gains

Oil ticks up on supply cuts, but rising US output caps gains

Oil prices edged higher on Monday, with Brent oil set to rise for five out of seven sessions as a global supply glut appears to ease, but rising US production limited gains.

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Digital payments get a boost: Oilcos to bear MDR on fuel buying

Digital payments get a boost: Oilcos to bear MDR on fuel buying

The impasse over the payment of merchant discount rate (MDR) charges on fuel purchases via debit cards seems to have reached a conclusion with oil retailing companies – Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp – agreeing to pay the charges, reports the Mint today

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Oil and gas exploration in TN will be done only after due diligence: Ministry

Oil and gas exploration in TN will be done only after due diligence: Ministry

The Ministry of Petroleum and Natural Gas today clarified that oil and gas exploration for the domestic small fields will be as per established practices.

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Banks still levying card fee on fuel purchases

Banks still levying card fee on fuel purchases

Several banks are still imposing the transaction fee on consumers paying by debit card for fuel despite a clear instruction from the government not to do so.

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L&T expects pick up in oil sector orders in 2 years

L&T expects pick up in oil sector orders in 2 years

With global oil prices stabilising, L&T Hydrocarbon Engineering expects orders from international and domestic players to improve in the next two years.

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India’s crude oil import bill expected to rise by 12.5 per cent to $72 billion current fiscal

India’s crude oil import bill expected to rise by 12.5 per cent to $72 billion current fiscal

India’s crude oil import bill is expected to increase by 12.5 percent to $72 billion in the current financial year (2016-17), according to Petroleum Planning and Analysis Cell (PPAC), the oil ministry’s technical wing.

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INFRASTRUCTURE

Hiranandani Energy starts construction work of jetty at Jaigarh port

Hiranandani Energy starts construction work of jetty at Jaigarh port

Hiranandani Energy, the energy arm of Hiranandani Group, today said it has commenced the construction work of jetty for the floating storage and regasification unit (FSRU) project at the Jaigarh port in Maharashtra.

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'Made in India' steel to get preference in infrastructure projects: Steel secretary Aruna Sharma

'Made in India' steel to get preference in infrastructure projects: Steel secretary Aruna Sharma

‘Made in India’ steel to get preference in infrastructure projects: Steel secretary Aruna Sharma.The Ministry of Steel is taking a three-pronged approach to support the domestic industry, which has faced low demand and the influx of cheap imports. It is also trying to lower input costs, said steel secretary Aruna Sharma

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Antodaya, Humsafar Express to be launched today; Suresh Prabhu to unveil new catering policy for railways

Antodaya, Humsafar Express to be launched today; Suresh Prabhu to unveil new catering policy for railways

To provide passengers with quality services, Union Railway Minister Suresh Prabhu will inaugurate new policies and new trains to revolutionize train travel at 3 PM on Monday. Prabhu will be accompanied by Ministers of State for Railways Manoj Sinha and Rajen Gohain

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Railways Pushing Renewable Energy to Attain Cost-efficiency: Suresh Prabhu

Railways Pushing Renewable Energy to Attain Cost-efficiency: Suresh Prabhu

In a bid to adopt green technology, the Indian Railways is giving a big push to renewable energy to attain cost efficiency, Minister Suresh Prabhu said on Wednesday.

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Central Railway: Harbour line services hit after derailment of goods train

Central Railway: Harbour line services hit after derailment of goods train

Harbour line services on Central Railway were hit after three wagons and brake van of a goods train derailed between Ravli and Kurla on down harbour line early on Monday morning. Railway authorities were clearing the tracks for normal services to resume on the suburban line

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Warm Regards,

Anupama Airy

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