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​GOOD MORNING INDIA!

November,20,2018,Tuesday

Latest News Updates In Energy and Infrastructure

EDITOR'S PICKS

BJP win will facilitate further reforms, says Moody's

BJP win will facilitate further reforms, says Moody's

The BJP's thumping victory in Uttar Pradesh and substantial gains made in other states will facilitate reforms as the ruling party inches closer to a majority in Upper House, Moody's Investors Service said today.

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NTPC may snap power supply to BYPL for delay in dues payment

NTPC may snap power supply to BYPL for delay in dues payment

State-owned power giant NTPC is weighing the option of snapping power supplies to BSES Yamuna Power Ltd (BYPL), which distributes electricity in Delhi, for delay in payment of its dues.

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POWER/COAL/MINES/RE

supercritical

Bhel's first 800 MW supercritical plant operational

Power equipment maker Bhel today commenced commercial operations of its first 800 MW unit, supercritical thermal plant.

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World Bank

World Bank loan for Rewa solar project

The World Bank has agreed to provide loan to develop internal transmission arrangements for the upcoming Rewa Ultra Mega Solar project in Madhya Pradesh, a state government official said on Tuesday.

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Indian DRI plants face iron-ore shortage

Indian DRI plants face iron-ore shortage

Indian sponge iron or direct reduced iron (DRI) manufacturers are facing an acute shortage of iron-ore despite the government liberalising norms for the allocation of iron-oreblocks and with the country poised to achieve a five-year high in the production of the raw material.

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222 mineral blocks on radar for auctions in 2017-18

222 mineral blocks on radar for auctions in 2017-18

As many as 222 mineral blocks are in the pipeline for auction in 2017-18. While all these blocks could be potentially auctioned, the actual number of blocks to go under the hammer would depend on their status of exploration and the readiness of the respective state governments.

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WestingHouse willing to continue with nuclear project: Government

WestingHouse willing to continue with nuclear project: Government

The government today said that WestingHouse has expressed willingness to continue with the Kovadda nuclear plant.

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Infrastructure: Renewables is the driving force of energy production in India

Renewables is the driving force of energy production in India

The Rural Electrification Corporation data shows that these villages located in 19 states have been electrified in 510 days. Of the 5,559 villages that are still dark, a majority are in north-eastern states like Arunachal Pradesh (1,229) and Assam (945), as also eastern states like Odisha (848), Jharkhand (858), Bihar (570) and Chhattisgarh (464).

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Badarpur plant to resume operations today

Badarpur plant to resume operations today

The Badarpur power plant is set to reopen on Wednesday after four months. It was shut down following a severe smog episode on November 5 and 6 last year.

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Reopening of Badarpur power plant a setback: Greenpeace

Reopening of Badarpur power plant a setback: Greenpeace

The reopening of Badarpur thermal power plant, scheduled for tomorrow, will be a "setback" to the efforts in reducing public health crisis associated with air pollution, Greenpeace India said today.

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Coal-bed methane producers may get pricing freedom

Coal-bed methane producers may get pricing freedom

The oil ministry has proposed to the Cabinet that coal-bed methane (CBM) gas producers be given pricing freedom and allowed to price the fuel at market rates.

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Surging Power Over-drawls: For grid stability, market players pitch for higher settlement rate

Surging Power Over-drawls: For grid stability, market players pitch for higher settlement rate

Despite a surplus scenario in the power sector, the tendency of states to overdraw from the grid is rising, with the volume of over-drawls failing to see a decreasing trend that is typical of a surplus scenario.

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Inox Wind looks to sell its stake in new project

Inox Wind looks to sell its stake in new project

Inox Wind Infrastructure Services Ltd., one of the four winners of the first wind power auction held in October, is already looking to sell a stake in the 250 MW project it was awarded, people familiar with the development said.

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Conventional sources generate 89-BU power in February, no change YoY

Conventional sources generate 89-BU power in February, no change YoY

Electricity production from conventional energy was unchanged in February compared with the same month last year. 

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Three CIL subsidiaries slash valuations by at least 75%

Three CIL subsidiaries slash valuations by at least 75%

Boards of three subsidiaries of state-run Coal India Limited have slashed valuations of the shares of these companies by at least 75% over the values declared earlier this month.

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Coal supplies to power plants to depend on PPAs

Coal supplies to power plants to depend on PPAs

Power companies that win coal contracts with the Coal India Ltd (CIL) in the forthcoming auctions will have to ensure that they sign long and medium-term contracts for power supply with discoms within two years.

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CKP group to acquire Diamond Power Infrastructure, to infuse Rs 1,200 crore

CKP group to acquire Diamond Power Infrastructure, to infuse Rs 1,200 crore

The financially troubled Diamond Power Infrastructure company, which is now under the control of lenders led by Bank of India, will be sold to CKP group.

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OIL AND GAS

basket

Global Crude oil price of Indian Basket was US$ 49.72 per bbl on 14.03.2017

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$ 49.72 per barrel (bbl) on 14.03.2017

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It’s not all gas: OMCs can double your wealth in 3 years, says Deutsche Bank

It’s not all gas: OMCs can double your wealth in 3 years, says Deutsche Bank

Shares of oil marketing companies such as Bharat Petroleum Corporation (BPCL), Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation (HPCL) have potential to double investor wealth in the next three years, according to a report by Deutsche Bank.

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Merger talks of ONGC, HPCL on at ministerial level

Merger talks of ONGC, HPCL on at ministerial level

State-owned oil major ONGC has said the preliminary discussion for its acquisition of India's third-biggest fuel retailer HPCL has started and is going on at the ministerial level.

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India imports petrol, diesel from China

India imports petrol, diesel from China

India has perhaps for the first time imported petrol and diesel from China as the world's third largest oil consumer looks at diversifying its sources of fuel.

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Government to launch second round of small oilfield auction

Government to launch second round of small oilfield auction

The government will launch the second round of small oilfield auction in 2017-18, and introduce a policy to incentivise production from ageing fields in a bid to raise oil and gas output declining for the past few years, the oil minister has said.

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Cabinet okays sale of IOC's 24% stake in Lubrizol India

Cabinet okays sale of IOC's 24% stake in Lubrizol India

The Cabinet today approved sale of state-owned Indian Oil Corp's (IOC) 24 per cent stake in Lubrizol India Pvt Ltd to Lubrizol Corporation, USA for an undisclosed sum.

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Cabinet approves Policy for Early Monetization of Coal Bed Methane Gas Marketing and Pricing Freedom for CBM Gas

Cabinet approves Policy for Early Monetization of Coal Bed Methane Gas Marketing and Pricing Freedom for CBM Gas

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi todaygave its approval for marketing and pricing freedom to the Coal Bed Methane

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CBM producers can now use gas for internal consumption

CBM producers can now use gas for internal consumption

The Cabinet Committee on Economic Affairs (CCEA) today allowed companies producing coal bed methane (CBM) to sell gas to its own affiliates, by giving marketing and pricing freedom for CBM.

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INFRASTRUCTURE

peak

Big energy fears peak oil demand is looming

In an attempt to improve the quality of Beijing’s polluted air, the authorities are planning to mandate that every new taxi in the city must be electric or gas-fuelled, China’s National Business Daily reported last month.

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I-T to appeal against Rs 19k-cr relief to Cairn

I-T to appeal against Rs 19k-cr relief to Cairn

The tax battle between British oil major Cairn and the government is set to get murkier, with the income tax (I-T) department considering appealing in a high court against a tax tribunal’s order giving Rs 18,800-crore interest relief to the company.

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Oil field leases may be extended 4 years before expiry

Oil field leases may be extended 4 years before expiry

The government will extend the lease for oil or gas fields four years before the initial 20-year term expires, failing which an extension plea would be deemed to have been rejected, says a draft proposal on the new exploration policy aimed at eliminating extension uncertainties faced by contractors.

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Suresh Prabhu for rail connectivity with neighbouring nations

Suresh Prabhu for rail connectivity with neighbouring nations

Railway Minister Suresh Prabhu today pitched for rail connectivity with neighbouring countries to boost trade and eliminate poverty in the region.

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Aviation to become part of multi-modal logistics hubs: Nitin Gadkari

Aviation to become part of multi-modal logistics hubs: Nitin Gadkari

Aviation sector will now be a part of multi-modal logistics hubs in India to promote holistic logistics solutions, union minister Nitin Gadkari said today.

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NITI Aayog’s Grand Plan To Revolutionise India’s Public Transport Network

NITI Aayog’s Grand Plan To Revolutionise India’s Public Transport Network

India’s premier government-sponsored think tank, NITI Aayog, has come up with a new policy that aims to change the face of India’s public transport with a combination of electric vehicles, as well as upcoming technology such as the Hyperloop and SkyTrans.

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Kolkata Port Trust records highest container throughput in FY 2016-17

Kolkata Port Trust records highest container throughput in FY 2016-17

Kolkata Port Trust (KoPT) recorded the highest ever container throughput of over 6 lakh TEUs at Kolkata Dock System (KDS) in the current financial year 2016-17

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Bengaluru ranked worst in country in terms of infrastructure

Bengaluru ranked worst in country in terms of infrastructure

In bad news for the state government, Bengaluru has emerged as a city with one of the poorest infrastructures in the world, and the worst in country.

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Centre to develop logistics parks in 35 clusters

Centre to develop logistics parks in 35 clusters

As many as 35 clusters, accounting for half the total freight movement, have been identified for building logistics parks to improve the existing transportation and warehousing scenario in the country.

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