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​GOOD MORNING INDIA!

November,20,2018,Tuesday

LATEST NEWS UPDATES FROM ACROSS THE MEDIA SPACE

SECTION I: POWER/COAL/MINES/RE

financial investors

Financial investors joining hands with utilities to acquire power projects

Attracted by India’s stressed infrastructure assets play, financial investors are joining hands with utilities to acquire power projects.

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India sanctions benchmarks costs for small-scale and rooftop solar

India sanctions benchmarks costs for small-scale and rooftop solar

India has sanctioned the benchmark costs for grid-connected rooftop and small-scale solar PV plants for 2017/18, according to a Ministry of New and Renewable Energy (MNRE) release

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$2 billion Gold

Kolar Gold Mines revival rests on techno-economic feasibility

The exploration of leftover mined area of Kolar gold mines in Karnataka to assess the remaining resources has begun and its revival will depend on techno-economic feasibility, Parliament was informed today.

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Satellite imagery used to check illegal mining menace: Govt

Satellite imagery used to check illegal mining menace: Govt

Satellite imagery is being used to check the menace of illegal mining across the country, which is a major problem, the government said today.

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Teams to check cyber security threat in power sector

Teams to check cyber security threat in power sector

The government has constituted Computer Emergency Response Teams to check cyber security threat in the power sector.

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L&T, BHEL and Korea's Doosan queue up for Rs 14,000-crore NTPC JV order

L&T, BHEL and Korea's Doosan queue up for Rs 14,000-crore NTPC JV order

Larsen & Toubro, Bharat Heavy Electricals and Korea’s Doosan are in race for a Rs 14,000-crore order from NTPC Ltd’s arm to supply equipment and set up its 3×800-MW coal-based plant as part of the company’s expansion project at Patratu in Jharkhand’s Ramgarh district, according to an official at one of the bidders

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PM Shri Narendra Modi represents 'aspirational' India: Dr Jitendra Singh

PM Shri Narendra Modi represents 'aspirational' India: Dr Jitendra Singh

The Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh has said that the Prime Minister Narendra Modi represents "aspirational" India and the youth of the country have reposed overwhelming faith in the Prime Minister because they see in him the realization of their aspirations in “New India”

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First Solar may sell about 200MW of assets in India

First Solar may sell about 200MW of assets in India

American solar panel maker First Solar is exploring the sale of almost 190-200 megawatts (MW) of its solar power assets in India, two people aware of the development said

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Posco India surrenders land acquired for 12-mt project

Posco India surrenders land acquired for 12-mt project

South Korean steelmaker Posco has finally scrapped its long-delayed steel project in India and asked the Odisha state government to take back the land allotted for its $12-billion steel project.

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Chinese government is the biggest beneficiary of Shenhua's fat dividend- Nikkei Asian Review

Chinese government is the biggest beneficiary of Shenhua's fat dividend- Nikkei Asian Review

China Shenhua Energy shares soared 16.3% to an 18-month high on Monday after it announced a record dividend payout of 59 billion yuan ($8.55 billion) on surging profits and coal prices.

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Odisha's coal revenue slides as MCL struggles to meet output target

Odisha's coal revenue slides as MCL struggles to meet output target

After posting a consistent rise in four years from 2012-13 to 2015-16, coal royalty collection in Odisha has witnessed a slide in this fiscal, with Coal India's biggest producing subsidiary Mahanadi Coalfields Ltd (MCL) struggling to meet its targeted coal production.

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Hold Coal India, says Gaurang Shah

Hold Coal India, says Gaurang Shah

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "We do have a hold recommendation on Coal India.

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Solar power is becoming the cheapest form of new electricity

Government collects Rs 21,129 crore as Clean Environment Cess in April-January

The government today said an amount of Rs 21,128.59 crore has been collected as Clean Environment Cess from across the country in the April-January period of the ongoing fiscal.

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Coal-based power generation rises 6 pc to 674 BU in Apr-Dec

Coal-based power generation rises 6 pc to 674 BU in Apr-Dec

The coal-based power generation increased by six per cent to 674.4 billion units (BU) during the April-December period of the ongoing fiscal, Parliament was informed today.

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Tamil Nadu issues tender call for 500 MW solar, while 750 MW of solar to be retendered in Karnataka

Tamil Nadu issues tender call for 500 MW solar, while 750 MW of solar to be retendered in Karnataka

Tamil Nadu, one of India’s strongest solar states, has issued a further call for national and international consortiums to express interest in developing a 500 MW solar park in the state.

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Top Chinese firms participate in India-China business forum

Top Chinese firms participate in India-China business forum

Top Chinese and Indian firms have participated in a business forum held in a key industrial hub in eastern China to introduce them to investment opportunities in India in sectors like renewable energy and infrastructure.

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Global energy CO2 emissions could be cut by 70 pct by 2050 -IRENA

Global energy CO2 emissions could be cut by 70 pct by 2050 -IRENA

Global energy-related carbon dioxide (CO2) emissions could be reduced by 70 percent by 2050 and completely phased out by 2060, research by the International Renewable Energy Agency (IRENA) showed on Monday

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Hartek Group appoints power industry veteran as additional Director

Hartek Group appoints power industry veteran as additional Director

Hartek Group, an engineering, procurement and construction (EPC) firm, has announced the appointment of power industry veteran Jeet Chhatwal as a director on its board.

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PFC

PFC sanctions Rs 9128 crore assistance to TN power utilities

State-run Power Finance Corporation on Monday said it has sanctioned Rs 9128 crore financial assistance to power utilities of Tamil Nadu. A Loan Agreement was signed between PFC and the Power Utilities of Tamil Nadu to this effect

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Power Sector

Revamping Old Thermal Power Infrastructure - Power Sector’s Newest Opportunity

In the last two and half years, Indian power sector has undergone a visible transformation across its complex value chain. Piyush Goyal, the Minister of State with independent charge for Power, Coal and New and Renewable Energy has established a rejuvenation framework for the ailing state distribution companies (discoms) through the UDAY scheme

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Goa: As CM, Parrikar faces law and order, illegal mining, unemployment

Goa: As CM, Parrikar faces law and order, illegal mining, unemployment

Goa Chief Minister Manohar Parrikar talks to the press following a floor test to prove his government’s majority on March 16, 2017.

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Govt to review power purchase agreements with pvt players

Punjab Govt to review power purchase agreements with pvt players

The Congress government will review the power purchase agreements between the Punjab State Power Corporation Limited (PSPCL) and private players involved in electricity generation in the state.

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Here comes the sun: solar power finance for the 21st century

Here comes the sun: solar power finance for the 21st century

Solar power, along with onshore and offshore wind, is one of the most mature and promising renewable energy sources available. And because solar photovoltaic (PV) panels work well in small off-grid applications as well as medium-sized and larger projects, it is also particularly well-suited to the decarbonisation efforts of developing countries, many of which have access to ample reliable solar resources

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Facility first to get ethanol from coal

Facility first to get ethanol from coal

China has opened the world's first production line that converts coal into ethanol, the main chemical ingredient in alcohol, the Chinese Academy of Sciences has announced.

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thermal power

Water scarcity behind decline in thermal power generation in India

As India continues to rely on conventional sources of energy, with thermal power contributing a major proportion of all the electricity produced in the country, acute shortage of water around power plants appears to be having an impact on the power output with India losing about 5,870 million units of generation due to the non-availability of water till February in this financial year.

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Why India must set its thermal power capacity utilization back on track

Why India must set its thermal power capacity utilization back on track

The capacity utilization of thermal power plants has been in the red for the last several years. From a peak of 79 per cent in 2007-08, it fell to 75 per cent in 2010-11 due to the twin reasons of faster capacity addition and stressed coal availability.

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SECTION II: OIL AND GAS

Crude oil

Global Crude oil price of Indian Basket was US$ 50.44 per bbl on 17.03.2017

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$ 50.44 per barrel (bbl) on 17.03.2017

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Dharmendra Pradhan: Efforts on to reduce crude oil imports: Dharmendra Pradhan

Efforts on to reduce crude oil imports: Dharmendra Pradhan

Steps are being taken to enhance oil and gas production to reduce crude oil imports, which has accounted for 82 per cent of the total domestic consumption this fiscal, the government said today

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RIL's KG-D6 gas output has dropped to 9% of target: Dharmendra Pradhan

RIL's KG-D6 gas output has dropped to 9% of target: Dharmendra Pradhan

Reliance Industries' flagging KG basin D6 block has seen natural gas output slip further, leading the government to disallow $2.756 billion in cost, Oil Minister Dharmendra Pradhan said today.

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LPG distributor

Two crore new LPG connections given since 2014

Around two crore poor families have been provided with new LPG connections, taking to 19 crore the total number of families having gas connections in the country, the government told the Rajya Sabha today.

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9 crores families in the country are using LPG says Piyush Goyal

9 crores families in the country are using LPG says Piyush Goyal

सरकार ने कहा है कि गरीबी रेखा से नीचे आने वाले दो करोड़ परिवारों को मुफ्त एलपीजी कनेक्शन मुहैया करा दिया गया है. सरकार ने बताया कि देश में एलपीजी (घरेलू रसोई गैस) का इस्तेमाल करने वाले परिवारों की संख्या बढ़कर 19 करोड़ हो गयी है.

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Overhang of global oil inventory to keep crude prices capped in near term

Overhang of global oil inventory to keep crude prices capped in near term

Oil prices were nearly unchanged last week as the Opec and IEA monthly reports gave mixed set of signals. While the compliance to output cuts has been nearly 100 per cent from the Opec side, relative non-compliance of Non-Opec coupled with steadily climbing US production is keeping prices under pressure.

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Dharmendra Pradhan reaches out to Odisha with PM's energy lifeline

Dharmendra Pradhan reaches out to Odisha with PM's energy lifeline

Oil minister Dharmendra Pradhan brought PM Narendra Modi’s ‘Urja Ganga’, an energy lifeline for eastern India, to his home state Odisha on Saturday by kicking off work on city gas networks in Bhubaneswar and Cuttack.

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L&T

Larsen arm wins Rs 1,656 crore contract from ONGC

The order, which was bagged and will be executed by L&T’s subsidiary, L&T Hydrocarbon Engineering relates to ONGC’s Neelam Re-Development & B173AC projects. It entails building of one

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Reliance Industries rated ‘Overweight’; Morgan Stanley says energy investments to boost earnings until FY20

Reliance Industries rated ‘Overweight’; Morgan Stanley says energy investments to boost earnings until FY20

What’s next: This was the key investor question in the past two weeks after RIL’s 17% outperformance versus Sensex. While investor debate on telecom earnings and energy project execution may continue near term, we believe delivery of energy earnings will provide the next leg of stock performance, as it should boost earnings expectations and lift return

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Oil prices drop on rise in US drillingea

Oil prices drop on rise in US drillingea

Oil prices fell on Monday as rising U.S. drilling activity and steady supplies from OPEC countries despite touted production cuts pressured already-bloated markets.

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INFRASTRUCTURE

Union Ministers Suresh Prabhu, Dharmendra Pradhan inaugurated Digi-Dhan Mela at Bhubaneswar Railway Station

Union Ministers Suresh Prabhu, Dharmendra Pradhan inaugurated Digi-Dhan Mela at Bhubaneswar Railway Station

Union Minister for Railways Suresh  Prabhu, was chief guest which was presided by Dharmendra Pradhan, Minister of State (I/C), Petroleum & Natural Gas Dharmendra Pradhan as the dignatories in the  Digi Dhan Mela held at Bhubaneswar railway station on 20.03.2017

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Nitin Gadkari wants more powers for NHAI, unhappy with projects' progress

Nitin Gadkari wants more powers for NHAI, unhappy with projects' progress

Union Minister Nitin Gadkari today said the National Highways Authority of India (NHAI) should have more powers to fast-track road projects while expressing unhappiness over its overall performance.

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Ministry of Railways Doubles compensation payable

LS passes Railways appropriation bills

The Lok Sabha today passed Railway Appropriation Bills and supplementary demands for grants for this year.

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Indian Railways To Bring Streaming Movies & TV Shows on Your Personal Devices Very Soon!

Indian Railways To Bring Streaming Movies & TV Shows on Your Personal Devices Very Soon!

Over 400 train stations in India have free WiFi services, thanks to the venture between Indian Railways and Google. Indian Railways has grown by leaps and bounds in the past couple of years, and continues to follow the latest trends.

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NITI to lend support in development of 10 big infra projects

NITI to lend support in development of 10 big infra projects

NITI Aayog will prepare a list of 10 big infrastructure projects that can be developed under the public private partnership (PPP) mode.

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Indian delegation meets Pakistan officials for Indus Commission

Indian delegation meets Pakistan officials for Indus Commission

A 10-member Indian delegation arrived here on Sunday to take part in the meeting of the Permanent Indus Commission (PIC) beginning on March 20 in Islamabad.

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Double-deck

Double-deck coaches may be modified for Prabhu's Uday trains

There is a major change in plans for Railway Minister Suresh Prabhu's UDAY brand of trains the overnight air-conditioned double-decker trains that ply between major cities.

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