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​GOOD MORNING INDIA!

November , 21, 2018 , Wednesday

DAILY NEWS UPDATES ON ENERGY AND INFRASTRUCTURE SECTOR FROM ACROSS THE MEDIA SPACE

EDITOR'S PICK

Electric vehicles

Electric vehicles push:Govt's top brass to brainstorm tomorrow

he government's top brass, including Finance Minister Arun Jaitley and other senior ministers, will brainstorm tomorrow to chalk out a plan to promote electric vehicles in the country.

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Revolution

Tariff Revolution In Solar And Wind Power: Is It Here To Stay?

First the targets and now the tariffs. The two Ts have created a revolution of sorts in India’s renewable energy sector. Let us first look at the tariff bit

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Government to offer incentives to companies keen on developing oil and gas blocks.

Government to offer incentives to companies keen on developing oil and gas blocks.

The government will offer incentives to companies that take lead in proposing to develop oil and gas blocks of their choice leading to a government-monitored auction, according to the draft Open Acreage Licensing Policy (OALP).

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Centre to mandate local steel use for infra projects

Centre to mandate local steel use for infra projects

India may soon mandate the use of local steel in government infrastructure projects worth billions of dollars, sources said, pitching it as a WTO-compliant protectionist measure aimed at further cutting cheap imports, mainly from China. The government expects the move to boost sales of local companies such as JSW Steel and Tata Steel, and eventually attract global steelmakers such as ArcelorMittal and Posco to invest in the country, five steel ministry sources told Reuters

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POWER/COAL/MINES/RE

With India visit, Westinghouse CEO Jose Gutierrez keeps nuclear project alive

With India visit, Westinghouse CEO Jose Gutierrez keeps nuclear project alive

A deal to build six Westinghouse nuclear reactors in India is still alive, but to be viable must be ring-fenced from a financial crisis at the U.S. reactor maker and its Japanese parent Toshiba Corp, people with direct knowledge of the matter told Reuters

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NTPC commissions 45 MW of Bhadla

NTPC commissions 45 MW of Bhadla

With the commissioning of 45 MW of Bhadla Solar Power Project of NTPC in Rajasthan, the installed capacity of Bhadla Solar Power project has become 160 MW and that of NTPC’s solar power projects has become 520 MW.

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march

Power production rises by 6.25 pc in Apr-Jan

Power generation from conventional and renewable sources increased by 6.25 per cent to 1,038.90 billion units (BUs) in the April-January period of current fiscal compared to the year-ago period

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Bearish sentiment towards Coal India could reverse soon

Bearish sentiment towards Coal India could reverse soon

Coal India's announcement of an interim dividend of Rs 18.75 per share for FY17 looks surprising if one looks at the stress on the company's performance, and the fact that it has already utilised Rs 3,650 crore of cash to buy back shares in the past few months to reward shareholders.

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Inox

JP Morgan-backed Leap Green Energy set to buy Inox Renewables Windfarms

A clean energy company promoted by India's first Formula One driver Narain Karthikeyan and his family is set to buy a cluster of wind power generation assets from the Inox Group in a deal valued at around Rs. 1000 crore.

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discussion paper

India to release discussion paper on rules for commercial coal mining this month

The government will release a discussion paper this month for framing rules and regulations to auction coal blocks for commercial mining by private players, a top official said today.

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Energy policy

Energy policy may bring subsidy cut, price control in power, fertilisers

The government will soon outline comprehensive energy sector reforms that could free up sectors such as coal, electricity and fertilisers of subsidies

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Stalled power projects: Stressed asset funds under consideration for rescue

Stalled power projects: Stressed asset funds under consideration for rescue

At last count, 17 under-construction thermal power projects aggregating to a capacity of 18,420 megawatts (MW) were reported as stalled due to financial problems of the developers.

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BHEL pays 40% dividend to shareholders for 2016-17

BHEL pays 40% dividend to shareholders for 2016-17

State-run power equipment maker BHEL today said it has paid an interim dividend of 40 per cent for 2016-17, which in value terms amounts to Rs 194.8 crore.

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Nuclear Suppliers Group

India's nuclear record better, but Pakistan also needs Nuclear Suppliers Group: China

Despite India's "cleaner record compared to Pakistan", no discrimination should be made while considering their bids to join the 48-nation Nuclear Suppliers Group (NSG), a Communist Party of China official said here on Tuesday.

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hamlet

Army lights up Rajouri hamlet with solar power

The army has reached out to the people of a remote hamlet in Jammu and Kashmir's Rajouri district with solar generating sets to light up mountain homes.

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solar lanterns

Samsung India announces solar lanterns to 10,000 girl students

With an aim to support gender diversity and the girl child, Samsung India on Tuesday announced the distribution of 10,000 solar lanterns to girl students of government schools.

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OIL AND GAS

Global Crude oil price of Indian Basket was US$ 54.71 per bbl on 07.03.2017

Global Crude oil price of Indian Basket was US$ 54.71 per bbl on 07.03.2017

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$ 54.71 per barrel (bbl) on 07.03.2017

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Contractors sharing a common reserve will have to develop the oil field jointly: Govt

Contractors sharing a common reserve will have to develop the oil field jointly: Govt

The government will order joint development of oil and gas fields if it is found that the fields being developed by different contractors share a common reservoir, the disagreement of the contractors notwithstanding, according to a draft contract under the new exploration policy.

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India to be 'epicenter' of global growth story: Dharmendra Pradhan

India to be 'epicenter' of global growth story: Dharmendra Pradhan

India is destined to become the"epicenter" of the global growth story in the 21st century when Asia would drive the world's growth, Oil Minister Dharmendra Pradhan said today.

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Vedanta to increase women representation on board to 33 per cent by 2020

Vedanta to increase women representation on board to 33 per cent by 2020

Vedanta Ltd, a diversified natural resources company, has set a target to increase women board representation to 33% by 2020. Vedanta's board currently has two female directors - Lalita Gupte and Anuradha Dutt - out of nine board members, including Chairman Emeritus Anil Agarwal. Gupte and Dutt are non-executive independent directors on the board.

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Arctic shelf

Russian, Indian Energy Ministers Discuss Cooperation on Russia's Arctic Shelf

Russian Energy Minister Alexander Novak held a meeting with Indian Minister of Oil and Natural Gas Dharmendra Pradhan and discussed the cooperation on Russia's Arctic shelf and deliveries of liquefied natural gas (LNG) to India, the Russian Energy Ministry said Wednesday.

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Gas Field

India Says Gas Field Decision on Iran

India's oil minister says a final deal with Iran to develop the Farzad-B gas field in the Persian Gulf is currently "in Iran's course".

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Mangalore Refineries

Mangalore Refineries and Petrochemicals may sell shares to comply with rules

Mangalore Refineries and Petrochemicals Ltd (MRPL) may sell shares to comply with rules that mandate listed companies to have at least 25% of their equity with the public

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PDVSA

INSIGHT Oil for loan debts cost Venezuela's PDVSA hard won India market share

Venezuela's state-run oil company, PDVSA, has spent at least a decade trying to build business ties and boost shipments to refineries in India, where crowds once welcomed the late socialist leader Hugo Chavez with cries of "Viva!"

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Oil to hit $40 if OPEC fails to expand cuts, Pioneer says

Oil to hit $40 if OPEC fails to expand cuts, Pioneer says

Oil prices will tumble to $40 a barrel if OPEC doesn’t extend its pact later this year to cut output, according to one of the most prominent producers in the shale patch.

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Union Cabinet Accepts UAE Oil for Indian Planned Fallback

Union Cabinet Accepts UAE Oil for Indian Planned Fallback

In direction of boosting India’s energy safety, on Monday Union cabinet did approval for passing of an agreement that will see crude oil for planned storage movement in from Abu Dhabi

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free LPG

Aadhaar made must for free LPG connections too under Pradhan Mantri Ujjwala Yojana

Women of households below poverty line will need to enrol for Aadhaar by May 31 to be able to avail themselves of a free LPG connection under the Pradhan Mantri Ujjwala Yojana.

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Contractors sharing a common reserve will have to develop the oil field jointly: Govt

Contractors sharing a common reserve will have to develop the oil field jointly: Govt

The government will order joint development of oil and gas fields if it is found that the fields being developed by different contractors share a common reservoir

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INFRASTRUCTURE

revolution

We will bring ‘Blue’ revolution along coastal line: PM Modi

Prime Minister Narendra Modi while addressing public gathering at Triveni Sangam in pilgrimage Somnath town said that his government wants to bring 'blue' revolution by coastal development and fishermen's welfare.

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rail network

India seeks UAE investment for modernising its rail network

India will invest USD 140 billion to modernise its rail network over the next five years and is in talks with UAE-based sovereign wealth funds, Railways Minister Suresh Prabhu has said.

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Ujjain train blast marks first IS attack in India; 10 injured, 8 arrested

Ujjain train blast marks first IS attack in India; 10 injured, 8 arrested

In the first-ever strike in India by the so-called Islamic State, a module radicalised by the deadly terrorist organisation triggered a low-intensity blast in a train in Madhya Pradesh on Tuesday, injuring 10 passengers.

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