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​GOOD MORNING INDIA!

November,16,2018,Friday

WEEKLY NEWSLETTER IN ENERGY AND INFRASTRUCTURE

EDITOR'S PICKS

steel

Core problem of NPAs is large corporates in steel, power, infrastructure, textile sectors: Arun Jaitley

The rate of rise in bank’s non-performing assets has slowed down in the March quarter and the steel sector has started showing signs of improvement, Finance Minister Arun Jaitley said Wednesday.

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If one firm goes, others will come: Piyush Goyal on Posco’s exit offer

If one firm goes, others will come: Piyush Goyal on Posco’s exit offer

Undeterred by Posco-India’s offer to return the land provided for its steel project in Odisha, Union Minister Piyush Goyal today said if one company pulls out, others will come in.

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India may be challenging today, but the India of tomorrow will be fulfilling: Mukesh Ambani

India may be challenging today, but the India of tomorrow will be fulfilling: Mukesh Ambani

Speaking at the India Today Conclave today, Reliance Industries Chairman Mukesh Ambani said that Reliance Industries has ensured its latest telecom venture is the best in the world.

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automation unit

L&T’s electrical & automation unit bags Rs 500 cr order for Doha metro job

Larsen & Toubro's electrical and automation unit has bagged an order worth Rs 500 crore Qatar Rail Company (QRAIL) for Phase 1 of Doha Metro, the engineering major said in a release on Thursday. The order will be executed by L&T Electrical & Automation FZE (LTEAFZE), the competency centre for L&T Electrical & Automation's automation business in UAE. The order …

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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 Clocks Highest Ever Annual Cumulative Gross Generation of 263.95 BU

NTPC Clocks Highest Ever Annual Cumulative Gross Generation of 263.95 BU

NTPC Group achieved highest ever cumulative gross generation of 263.95 BU till Thursday (March 16, 2017) during current year surpassing previous annual best of 263.42 BU recorded in FY-16. Generation of Group NTPC registered an annual growth of 4.71% over last year, a company's statement said on Friday.

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Claiming Cheapest power tariffs in Delhi, Who is CM Arvind Kejriwal fooling?

Claiming Cheapest power tariffs in Delhi, Who is CM Arvind Kejriwal fooling?

The ongoing advertisement galore by Delhi’s Aam Admi Party (AAP) under Chief Minister Arvind Kejriwal, coming ahead of the forthcoming MCD elections in the country’s capital of New Delhi

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BYPL

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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DAILY NEWS UPDATES

POWER/COAL/MINES/RE

Billionaire Adani Aims to Begin Mining Australian Coal in 2020

Billionaire Adani Aims to Begin Mining Australian Coal in 2020

India’s Adani Group plans to begin extracting coal from the $16.5 billion Carmichael project in Australia in 2020 after environmental protests had delayed the first phase of the mine.

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Adani to finalise Australia's Carmichael coal investment plan by June

Adani to finalise Australia's Carmichael coal investment plan by June

Adani Enterprises said it would finalise an investment decision by June for its Carmichael coal project in the northern Australian state of Queensland, which has been delayed due to protests from environmental groups.

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If one firm goes, others will come: Piyush Goyal on Posco’s exit offer

If one firm goes, others will come: Piyush Goyal on Posco’s exit offer

Undeterred by Posco-India’s offer to return the land provided for its steel project in Odisha, Union Minister Piyush Goyal today said if one company pulls out, others will come in.

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OIL AND GAS

India should revive IPI pipeline: Parliamentary Panel

India should revive IPI pipeline: Parliamentary Panel

India should consider reviving the long-delayed Iran-Pakistan-India (IPI) gas pipeline following easing of sanctions on Tehran, a Parliamentary panel has said.

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ONGC signs pact to buy out GSPC's KG block stake for $1.2 bn

ONGC signs pact to buy out GSPC's KG block stake for $1.2 bn

State-owned Oil and Natural Gas Corporation (ONGC) has signed definitive agreements to buy out debt-ridden GSPC's entire 80 per cent stake in KG-basin natural gas block for $1.2 billion.

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INFRASTRUCTURE

Railways to buy recycled water from private players

Railways to buy recycled water from private players

The Railways aims to cut down its water bill and save up to Rs 400 crore annually with a roadmap for buying recycled water from private players.

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How Indian Railways selects 55 big ideas to get itself back on track

How Indian Railways selects 55 big ideas to get itself back on track

Delhi's Rail Bhawan will witness some construction work in the next few weeks. A contract has been awarded to build a 125 sq m prefabricated office on a third-floor terrace not far from the cabins of the members and chairman of the Railway Board — the highest decision making body of the Indian Railways (IR).

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THE WEEK IT WAS

POWER/COAL/RE/MINES

Can India be run entirely by renewables in the future?

Can India be run entirely by renewables in the future?

A clean energy future is on top of every country’s sustainability agenda today, which is evidenced by the large-scale expansion of sustainable power projects worldwide.

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Coal imports for blending halves this year

Coal imports for blending halves this year

Coal imports by power utilities for blending with domestic coal has halved during April 2016 and January 2017 against the previous corresponding period on account of more coal being made available by Coal India.

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Govt to organise Quality Conference with coal firms: Power Minister Piyush Goyal

Govt to organise Quality Conference with coal firms: Power Minister Piyush Goyal

The government will organise a Quality Conference with coal companies to ensure the right quality of the fossil fuel is supplied to power plants, Power Minister Piyush Goyal said.

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Short-term power sale prices plunge to record low, volume at decade high

Short-term power sale prices plunge to record low, volume at decade high

More states are coming forward to arrange short-term purchase of power, on the Centre’s prodding, leading to a reduction in price to a historic low of Rs 2.07 a unit.

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India’s coal reserves could remain unused in future: Minister Piyush Goyal

India’s coal reserves could remain unused in future: Minister Piyush Goyal

India’s vast coal reserves could remain unused in future, thanks to the expected mega shift towards clean energy generation sector, the country’s power, coal, renewable energy and mines minister Piyush Goyal said.

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New renewable energy co launched

New renewable energy co launched

Pashupathy Shankar Gopalan, who used to head the Indian operations of the renewable energy company, SunEdison, till the company collapsed in April last year, has now formed a new company.

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China to shut down 117 small coal mines in Xinjiang

China to shut down 117 small coal mines in Xinjiang

China plans to shut down 117 small coal mines in Xinjiang province this year, cutting 11.9 million tonnes of coal production capacity, the regional development and reform commission said.

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India’s largest floating Solar PV Plant installed in Kerala, will generate 100 KWP power

India’s largest floating Solar PV Plant installed in Kerala, will generate 100 KWP power

The government of India has installed has taken India’s solar power generation capacity to another level by installing country’s largest Solar PV Plant installed in Kayamkulam, Kerala.

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Now, generate own power for price of a phone

Now, generate own power for price of a phone

Solar panels on the rooftop that produce a kilowatt of power are no longer beyond the reach of ordinary citizens. Such a project will cost around Rs 60,000, even less if the central government's 30% subsidy is factored in. In fact, generating the energy to run two fans and two lights could come at the price of a high-end smartphone

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Old thermal power plants offer new business opportunity

Old thermal power plants offer new business opportunity

India's ageing thermal power plants could mean good times for companies in the dismantling business. About half of the country's thermal power plants—which collectively account for almost 30% of total installed capacity—are over 25 years old, and a large number of them are fast approaching 40, which is considered the end of their useful life span. Beyond this they will necessarily need to be scrapped, opening up a market for effective disposal of these plants

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Decline of coal stocks at pitheads of CIL, power plants: Goyal

Decline of coal stocks at pitheads of CIL, power plants: Goyal

In 2016-17, there has been decline of coal stocks at pitheads the top of a mining pit or coal shaft of Coal India Limited (CIL) as well as at power plants, said union minister Piyush Goyal.

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Anil Agarwal metals road to Anglo American with $2.4 billion bid

Anil Agarwal metals road to Anglo American with $2.4 billion bid

Billionaire metals maven Anil Agarwal made a surprise bid for as much as 13% of British mining giant Anglo American Plc for $2.4 billion, a move that will give him a foot in the door of the $23-billion conglomerate, which is larger than his Vedanta Resources.

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We will allow free-market pricing under commercial coal mining: Coal Secy Susheel Kumar

We will allow free-market pricing under commercial coal mining: Coal Secy Susheel Kumar

The Modi government is preparing to launch commercial coal mining in India for the first time in over four decades. For the mines to be auctioned, pricing will be left to the companies, Coal Secretary Susheel Kumar tells Debapriya Mondal in an exclusive interview. Edited excerpts..

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Notes ban caused no delay in transmission projects

Notes ban caused no delay in transmission projects

The notes pullback had no major impact on power transmission projects as states reported no delay in implementation of these projects to the Central Electricity Authority (CEA), a power ministry official said.

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Can solar power hold the cheapest electricity tag?

Can solar power hold the cheapest electricity tag?

When it comes to solar, 2016 had been a remarkable year. For the first time solar out-performed fossils fuels on a large scale, thus emerging as the cheaper source of electricity than burning coals in many parts of the world.

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Surplus Coal availability has resulted in Declining of Coal Imports, Piyush Goyal

Surplus Coal availability has resulted in Declining of Coal Imports, Piyush Goyal

Union Minister of State (I/C) for Coal, Power, New & Renewable Energy and Mines, Piyush Goyal, said in Lok Sabha today that the total coal imports have been consistently reducing over the last three years.

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Piyush Goyal says 25-yr old power plants to be turned into super critical plants

Piyush Goyal says 25-yr old power plants to be turned into super critical plants

All power plants, which are over 25 years old, will be phased out and converted into ‘super critical plants’ to augment generation capacity and reduce pollution, Power Minister Piyush Goyal said on Thursday.

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Kalpataru Power Transmission to scale up business to beat slowdown

Kalpataru Power Transmission to scale up business to beat slowdown

Kalpataru Power Transmission, which has so far enjoyed a strong foothold in engineering jobs for the power transmission sector, is scaling up its business in pipeline and railways-related jobs to offset the slowdown in domestic orders.

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Troubled waters? India fast-tracks hydro projects worth $15 billion in Kashmir

Troubled waters? India fast-tracks hydro projects worth $15 billion in Kashmir

India has fast-tracked hydropower projects worth $15 billion in Kashmir in recent months, three federal and state officials said

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India Making Remarkable Progress In Nuclear Technology: IAEA Chief

India Making Remarkable Progress In Nuclear Technology: IAEA Chief

India is making remarkable advancements in nuclear technology and is a very important partner of International Atomic Energy Agency, the global nuclear watchdog's Director General Yukiya Amano said on Wednesday.

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Coal India missing output target doesn't matter, mining millions of tonnes more does: Russell

Coal India missing output target doesn't matter, mining millions of tonnes more does: Russell

What's more important? The fact the Coal India will once again miss its annual output target, or that it will produce over 31 million tonnes more than it did the previous year?

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Govt not to rush to set up ultra mega power project in Bihar: Piyush Goyal

Govt not to rush to set up ultra mega power project in Bihar: Piyush Goyal

The government will not rush to set up ultra mega power project in Bihar as it could mean costly power to the people, the Lok Sabha was informed on Thursday.

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Solar park

Solar park tenders, power purchase on hold as Rewa bids disrupt market

The low bid received for the Rewa solar park in Madhya Pradesh has jolted the market in many ways. While most states are rethinking their tenders, many have gone slow on buying solar power contracted at higher rates.

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solar power

Indian solar power producers may get module prices relief

Global prices of solar modules, a key component in setting up solar power plants, could fall by as much as one-fifth this year, companies and analysts say.

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MSEDCL

PFC signs loan agreement with MSEDCL for Rs. 3000 crore

Power Finance Corporation Ltd. (PFC) signed a loan agreement with Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for a financial assistance of Rs. 3000 crore.

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800 MW

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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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

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

Infrastructure: 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.

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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. Latest data from the Central Electricity Authority

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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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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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Nashik district gets first solar powered water pump

Nashik district gets first solar powered water pump

Ashok Khode, a farmer from Khedgaon village of Dindori taluka, doesn’t have to fear about power disruptions anymore.

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China thermal coal prices rallies to 2014 highs, defying expectations

China thermal coal prices rallies to 2014 highs, defying expectations

China's thermal coal prices have jumped to their highest in years on Tuesday, amid fresh concerns about tighter supplies

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pharmacies

Power generator NTPC to set up pharmacies

NTPC, the largest Indian power generation company plans to set up fair price pharmacies near its power plants. To begin with it would be setting up 10 such pharmacies which would later be increased.

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80MW

Canadians deliver 80MW in India

Canadian Solar has secured power purchase agreements totalling 80MW with the Solar Energy Corporation of India (SECI).

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Tata Power Solar Expands and Modernises its Manufacturing Facility

Tata Power Solar Expands and Modernises its Manufacturing Facility

Keeping up with Government of India’s progressive ‘Make in India’ plan of domestic production with enhanced efficiency of a solar cells

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OIL AND GAS

CGD project implementation in Bhubaneswar and Cuttack launched by MoS (I/C), MoPNG Dharmendra Pradhan.

CGD project implementation in Bhubaneswar and Cuttack launched by MoS (I/C), MoPNG Dharmendra Pradhan.

Ushering in a new era of economic development and convenience in Odisha fueled by environment friendly Natural Gas, Union Minister of State (Independent Charge) for Petroleum & Natural Gas Dharmendra Pradhan on Saturday launched the implementation of City Gas Distribution (CGD) project in Bhubaneswar and Cuttack.

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ONGC signs pact to buy out GSPC's KG block stake for $1.2 bn

ONGC signs pact to buy out GSPC's KG block stake for $1.2 bn

State-owned Oil and Natural Gas Corporation (ONGC) has signed definitive agreements to buy out debt-ridden GSPC's entire 80 per cent stake in KG-basin natural gas block for $1.2 billion.

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Crude oil prices steady but outlook more bearish on concerns over OPEC cut

Crude oil prices steady but outlook more bearish on concerns over OPEC cut

Oil prices were largely steady on Friday, finishing the week with modest gains, but speculators sharply cut long positions during last week's rout, on concerns that an OPEC production cut was failing to reduce a global supply overhang.

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Parliamentary panel examining ONGC gas flowing into RIL fields

Parliamentary panel examining ONGC gas flowing into RIL fields

A top parliamentary panel today began examining Reliance Industries "unfairly" producing over Rs 10,000 crore worth of natural gas belonging to state-owned ONGC in the KG-basin and constituted a sub-committee to go deeper into the issue.

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ONGC not to buy out private partners of GSPC even if deal is inked

ONGC not to buy out private partners of GSPC even if deal is inked

Even if ONGC is able to close out its deal to buy 80% of the Gujarat government’s GSPC stake in the DDW fields in the Krishna-Godavari Basin in FY18, it does not plan to buy out its private sector partners

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Even as ONGC set to invest Rs 30,000 cr in FY18, oil output likely to fall, but gas supply to rise

Even as ONGC set to invest Rs 30,000 cr in FY18, oil output likely to fall, but gas supply to rise

Despite state-owned ONGC likely to keep its capital expenditure budget at R30,000 crore in FY18 this does not include the R8,000 crore it has to pay GSPC if the deal closes its oil output is likely to fall slightly while gas supplies will rise by over 1 billion cubic metres (bcm)

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Income Tax department starts nationwide raids on petrol pump owners. Here’s why

Income Tax department starts nationwide raids on petrol pump owners. Here’s why

The Income Tax department has started countrywide raids against petrol pump owners and LPG distributors for alleged conversion of banned Rs 500 and Rs 1000 notes by way of currency deposits in excess of actual sales during the demonetisation period.

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We have a Rs 2 lakh cr capex plan: AK Sharma, Director (Finance), IOC

We have a Rs 2 lakh cr capex plan: AK Sharma, Director (Finance), IOC

We got the cabinet approval for dilution of our stake by 24 per cent the day before. This is a joint venture between Indian Oil Corporation and Lubrizol Corporation of USA

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OPEC will need to extend output curbs to sustain oil price recovery: Reuters poll

OPEC will need to extend output curbs to sustain oil price recovery: Reuters poll

OPEC will have to extend its oil output curbs in order to sustain a recovery in prices, as a revival in crude production outside the group may scupper its efforts to erode an overhang of unused inventory, a poll of market analysts showed on Friday.

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Indian Oil Corp buys its first Hibernia crude from Canada's Suncor

Indian Oil Corp buys its first Hibernia crude from Canada's Suncor

Indian Oil Corp became India's first refiner to buy light sweet Hibernia crude from Canada's largest oil company, doing the deal after the opening of the arbitrage for Canadian oil to flow to Asia.

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INFRASTRUCTURE

How Indian Railways selects 55 big ideas to get itself back on track

How Indian Railways selects 55 big ideas to get itself back on track

Delhi's Rail Bhawan will witness some construction work in the next few weeks. A contract has been awarded to build a 125 sq m prefabricated office on a third-floor terrace not far from the cabins of the members and chairman of the Railway Board — the highest decision making body of the Indian Railways (IR).

Read more...

Has Railways put ATVM issue on slow coach?

Has Railways put ATVM issue on slow coach?

Yet another inauguration, yet more announcements, supposedly for passengers. That’s what is on the cards today when railway minister Suresh Prabhu visits Kurla’s Lokmanya Tilak Terminus (LTT).

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