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​GOOD MORNING INDIA!

November,13,2018,Tuesday

DAILY NEWS UPDATES ON ENERGY AND INFRASTRUCTURE FROM ACROSS THE MEDIA

POWER/COAL/MINES/RE

Pic Credit: Reuters

Adani Enterprises acquires 100% Of Adani Infrastructure Pvt Ltd

Adani Enterprises has acquired 100% equity share capital of Adani Infrastructure Pvt Ltd (AIPL). “The company has acquired 100% equity share capital of AIPL...The transaction is done at arm’s length basis...equity shares are acquired at a face value of Rs10 each,” the company said in a BSE filing

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Solar power bids unsustainable: Bridge to India

Solar power bids unsustainable: Bridge to India

Consulting firm Bridge to India has termed the recent low winning bids for solar power projects in India “unsustainable” and waConsulting firm Bridge to India has termed the recent low winning bids for solar power projects in India “unsustainable” and warned that “inadequate risk pricing poses a severe viability challenge for the sector”

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Work to start on Adani's Jharkhand plant in June: Jharkhand Chief Secretary Raj Bala Verma

Work to start on Adani's Jharkhand plant in June: Jharkhand Chief Secretary Raj Bala Verma

The Adani group will start work on its 1,600 MW ultra mega power project (UMPP) in the state in June, a top state official said. The Gautam Adani-led conglomerate has committed Rs 20,000 crore in various projects, including the ultra mega plant at Godda, during the just-concluded Momentum Jharkhand investment summit.

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US-based Evergreen Power in talks to raise $100 mn for India

US-based Evergreen Power in talks to raise $100 mn for India

US-based Evergreen Power is in talks with investors, including private equity, infrastructure funds and strategic investors, to raise up to $100 million in equity to ramp up its wind energy projects in India, its top executive told ET.

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In diversification bid, Coal India plans to produce petroleum oil in Jharkhand

In diversification bid, Coal India plans to produce petroleum oil in Jharkhand

Coal India is considering producing petroleum oil at its Chatra coal mine in Jharkhand. Petroleum oil from coal is part of the state-run coal behemoth’s diversification plan and it will soon invite an expression of interest for it, Coal India chairman Sutirtha Bhattacharya told reporters on Saturday

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Electrification drive: REC averages 30,000 new connections per week

Electrification drive: REC averages 30,000 new connections per week

India is in electrification overdrive, with about 30,000 new electricity connections being granted every week.

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Japan thermal power generation dips 40%

Japan thermal power generation dips 40%

Increased renewable capacity in post-Fukushima disaster will see Japanese thermal power generation decline to 40 per cent below 2015 levels by 2030, the Institute for Energy Economics and Financial Analysis (IEEFA) said on Tuesday.

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Probe Finds IFC Investment in Tata Power Project Breaching Norms

Probe Finds IFC Investment in Tata Power Project Breaching Norms

World Banks probe body CAO has raised concerns over IFCs insufficient action to address environmental norms violation by Tata Power arm Coastal Gujarat Power Ltd (CGPL).

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5 new sub-atomic particles discovered that could change the way we view reality

5 new sub-atomic particles discovered that could change the way we view reality

Scientists at CERN have discovered five new sub-atomic particles in a single analysis, with the help of the world's largest and most powerful particle accelerator.

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Jindal's investment in lost mines faces uncertain future

Jindal's investment in lost mines faces uncertain future

The loss of two coal blocks for the second time following a Delhi High Court judgement last week has put the investments of Jindal Power Limited (JPL) under stress.

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OIL AND GAS

Global Crude oil price of Indian Basket was US$ 50.39 per bbl on 20.03.2017

Global Crude oil price of Indian Basket was US$ 50.39 per bbl on 20.03.2017

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$ 50.39 per barrel (bbl) on 20.03.2017

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Petroleum Minister meets Mr Showkutally Soodhun, Vice-Prime Minister of Mauritius

Petroleum Minister meets Mr Showkutally Soodhun, Vice-Prime Minister of Mauritius

Union Minister of State (I/C) for Petroleum and Natural Gas, Dharmendra Pradhan met H.E. Vice Prime Minister and Minister of Housing and Lands of Mauritius, Shokutally Soodhun.

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Oil companies likely to use improved cash flows to expand asset base: S&P

Oil companies likely to use improved cash flows to expand asset base: S&P

Indian oil and gas companies are likely to use their improved cash flows from market-linked fuel prices to expand their asset base and enhance operational quality, S&P Global Ratings said on Tuesday.

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capex

State-run oil companies exceed combined annual capex targets

State-run oil companies have exceeded their capital expenditure targets set for the current financial year

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Government to sign oil & gas field contracts on Monday

Government to sign oil & gas field contracts on Monday

The government will on Monday sign contracts for the 31 small discovered oil and gas fields it had auctioned in the first bid round in more than six years.

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Crude oil futures plunge 0.97 percent on weak overseas trend

Crude oil futures plunge 0.97 percent on weak overseas trend

Crude oil futures fell by 0.97 per cent to Rs 3,165 per barrel today as speculators reduced positions amid a weakening trend in global markets.

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Beset by delays, Myanmar-China oil pipeline nears start-up

Beset by delays, Myanmar-China oil pipeline nears start-up

Nearly a decade in the making, a project to pump oil 770 km (480 miles) across Myanmar to southwest China is set for imminent start-up, with a supertanker nearing the port of Kyauk Phyu, marking the opening of a new oil trading route.

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INFRASTRUCTURE

Indian Railways: Travel in Rajdhani, Shatbadi at mail/express fare from April 1

Indian Railways: Travel in Rajdhani, Shatbadi at mail/express fare from April 1

Come April and a passenger can avail the opportunity of travelling in Rajdhani or Shatabdi trains even if he or she has booked tickets in other mail/express trains for the same destinations.

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road projects

Gadkari seeks more powers for NHAI to fast track road projects

Union Minister Nitin Gadkari on Monday 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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4 Indian cities among cheapest globally: Economist Intelligence Unit

4 Indian cities among cheapest globally: Economist Intelligence Unit

Four Indian cities are among the cheapest to live in globally, while Singapore has been ranked as the most expensive for the fourth consecutive year, as per a report by Economist Intelligence Unit (EIU).

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Tea for Rs 7, lunch Rs 50-55: Railways tweets rate list after complaints

Tea for Rs 7, lunch Rs 50-55: Railways tweets rate list after complaints

The ministry of railways has issued a rate card after being flooded with complaints by passengers of being overcharged for meals, water bottles and tea and coffee on trains.

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New World Bank ceo defends globalisation, warns against protectionism

New World Bank ceo defends globalisation, warns against protectionism

The World Bank’s newly appointed chief executive gave a spirited defence of globalisation during her first official visit to China, saying it had helped richer and poorer countries, and economic integration made it hard for any nation to walk away

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How Smart Villages Could Transform Rural India

How Smart Villages Could Transform Rural India

With the Smart Cities’ programme well underway, it was merely a question of time before the need for Smart Villages came on the radar, given the statistical predominance of the latter

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cooked food

Now get fresh cooked food after every two hours in trains

Plagued with complaints, Railways plan to provide fresh food cooked at base kitchens in trains after every two hours to the passengers.

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