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​GOOD MORNING INDIA!

November,21,2018,Wednesday

DAILY NEWS UPDATES ON ENERGY AND INFRASTRUCTURE

POWER/COAL/MINES/RE

Ministry of Power

Ministry of Power Issued More Than 38 Lakhs Energy Savings Certificates To Industries

Ministry of Power has issued/entitled to purchase Energy Savings Certificates (ESCerts) to Designated Consumers (DCs) of Perform, Achieve and Trade (PAT) Cycle I on 16th February 2017 on verification of their performance with regard to energy savings, based on the recommendations of Bureau of Energy Efficiency (BEE)

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dividend

NTPC pays Interim Dividend of Rs. 2,152.07 crore for FY 2016-17

India's largest power generation company, NTPC Ltd. has paid an interim dividend of Rs. 2,152.07 crore, being 26.10% of the paid-up equity share capital of the Company for Financial Year 2016-17

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GST: Bring energy efficient ACs in 18% slab under GST:Blue Star

Bring energy efficient ACs in 18% slab under GST:Blue Star

Commercial refrigeration major Blue Star today demanded the five star energy efficient and inverter air conditioners be put in the 18 per cent tax bracket under the upcoming GST regime.

Source:- The Economic Times

Coal-based power plant pipeline shrinks globally in 2016, says research

Coal-based power plant pipeline shrinks globally in 2016, says research

Construction of new fell sharply last year due to a clampdown on projects in China and less finance available in India, a report by three environmental groups said on Wednesday.

Source:- Energy.economictimes

India’s Upendra Tripathy to head International Solar Alliance

India’s Upendra Tripathy to head International Solar Alliance

Upendra Tripathy, a former secretary of the renewable energy ministry, has been appointed interim director general of the International Solar Alliance (ISA), which brings together countries with abundant sunshine with the aim of lowering solar energy costs

Source:- Livemint

Hindustan Zinc makes highest dividend payout

Hindustan Zinc makes highest dividend payout

Vedanta Group firm Hindustan Zinc (HZL) today announced a special dividend of Rs 13,985 crore for 2016-17, taking the aggregate amount paid by it for the fiscal to Rs 27,157 crore, the largest such payout by any company in the country.

Source:-  Hindustan Times

Airport rooftop solar array joins power grid

Airport rooftop solar array joins power grid

A rooftop solar plant at Sardar Vallabhbhai Patel International (SVPI) airport commissioned on Tuesday, a statement from airport officials said.

Source:-  Energy.economictimes

Coal in 'freefall' as new power plants dive by two-thirds

Coal in 'freefall' as new power plants dive by two-thirds

The amount of new coal power being built around the world fell by nearly two-thirds last year, prompting campaigners to claim the polluting fossil fuel was in freefall.

Source:- Theguardian

ABB India restores crucial power infrastructure in record time for Karnataka, wins smart technology award

ABB India restores crucial power infrastructure in record time for Karnataka, wins smart technology award

ABB India has restored and modernized the critical 1,035 MW Sharavathi hydropower plant in Karnataka, which approximately accounts for 25 percent of the state utility Karnataka Power Corporation's power generation.

Source:-  India Info Line

Maharashtra

Maharashtra to reboot wind power purchase pact after 3 years

The Maharashtra State Electricity Distribution Company, the prime power utility, is ready to ink power buying agreements with wind developers in the state after a hiatus of three years.

Source:-  India Info Line

Adani coal mine in Australia faces fresh wave of protests

Adani coal mine in Australia faces fresh wave of protests

A new environmental campaign to stop the development of Adani Group’s $16.5 billion coal mine in Queensland will be launched on Wednesday with the high-profile backing of former Australian Greens party leader Bob Brown.

Source:- Livemint

Power snapped to 1,790 K’shetra defaulters

Power snapped to 1,790 K’shetra defaulters

The UHBVN has disconnected power supply to 1,790 consumers for non-payment of electricity bills. Sources said the process to recover Rs 50 crore dues by March 31 was under way in Kurukshetra.

Source:- Tribuneindia.com

Gujarat, Andhra Pradesh refuse to pay more for wind power

Gujarat, Andhra Pradesh refuse to pay more for wind power

Two of India’s high wind energy potential states have refused to buy wind power at a rate higher than the one arrived at the country’s first ever wind power auction, putting in jeopardy about 500 MW of projects in these states.

Source:- The Economic Times

OIL AND GAS

Global Crude oil price of Indian Basket was US$ 50.53 per bbl on 21.03.2017

Global Crude oil price of Indian Basket was US$ 50.53 per bbl on 21.03.2017

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$ 50.53 per barrel (bbl) on 21.03.2017.

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Cabinet Approves Policy On Extension Of PSCs Signed For Awarding Pre NELP Blocks

Cabinet Approves Policy On Extension Of PSCs Signed For Awarding Pre NELP Blocks

In a significant decision, the CCEA on Wednesday approved a policy for grant of extension to the Production Sharing Contracts (PSC) signed by Government of India awarding Pre-NELP Exploration Blocks to enable and facilitate investment to extract the remaining reserves

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Cabinet approves closure/winding up of CREDA HPCL Biofuel Ltd (CHBL) and IndianOil - CREDA Biofuels Ltd. (ICBL)

Cabinet approves closure/winding up of CREDA HPCL Biofuel Ltd (CHBL) and IndianOil - CREDA Biofuels Ltd. (ICBL)

The Cabinet Committee on Economic Affairs on Wednesday approved closure/winding up of CREDA HPCL Biofuel Ltd (CHBL) and IndianOil - Chhattisgarh Renewable Energy Development Agency (CREDA) Biofuels Limited (ICBL)

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Senior Ministers Meet delegation from Neduvasal Village (Tamil Nadu) On E&P Concerns

Senior Ministers Meet delegation from Neduvasal Village (Tamil Nadu) On E&P Concerns

In a dialogue with the local community from Neduvasal village, Tamil Nadu, senior Union ministers on Wednesday assured them that the Government will not carry out any E&P activities without addressing concerns of stakeholders.

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ONGC seeks gas price review; wants minimum price fixed at $4.2

ONGC seeks gas price review; wants minimum price fixed at $4.2

State-owned Oil and Natural Gas Corp (ONGC) has sought a review of the natural gas pricing formula as rates have dropped below cost.

Source:-  The Economic Times

ONGC

ONGC to enhance activities in Tripura, no plan of shifting

The exploration giant ONGC TripuraAsset today ruled out any plan of shifting its forward baseoffice from the state to Assam.

Source:- News.webindia123

India tries to fix Iran trade payments as Donald Trump hardens line

India tries to fix Iran trade payments as Donald Trump hardens line

India is exploring setting up a new payments mechanism for trade with Iran, after its old sanctions workaround broke down, as state banks remain fearful of handling payments from Tehran in case the United States imposes a fresh financial embargo.

Srouce:-  Business-Standard.com

Russia remains world’s top oil producer in January

Russia remains world’s top oil producer in January

Russia continued to be the world’s largest oil producer in January for the second consecutive month, official data showed on Tuesday.

Source:- India.com

Oil India to buyback shares worth Rs 15.27 bn

Oil India to buyback shares worth Rs 15.27 bn

Oil India, a government-owned company that explores, develops and produces oil and gas, has received its board’s approval to buyback 5.60% of its paid up share capital for a consideration of Rs 15.27 billion

Source:- Khabar India

Asia Naphtha/Gasoline-Gasoline at 3-wk high; brisk naphtha demand

Asia Naphtha/Gasoline-Gasoline at 3-wk high; brisk naphtha demand

Asia's naphtha crack edged up to $75.23 a tonne on Wednesday, supported by firm demand and weaker Brent crude, traders said. South Korea's Lotte Chemical is in talks to buy naphtha for June 2017 to May 2018 delivery and this came shortly after YNCC and LG Chem had recently closed their term deals with sellers at discounts.

Source:-  The Times Of India

Dow Chemical-DuPont merger may impact competition: CCI

Dow Chemical-DuPont merger may impact competition: CCI

Fair trade regulator CCI has concluded that the proposed merger between Dow Chemical Company and DuPont is likely to have an "appreciable adverse impact on competition".

Source:-  The Economic Times

INFRASTRUCTURE

RInfra Signs Final Agreement With Birla Corp for sale of its Cement Plant

Reliance Infra demerger plan to be pushed to next fiscal

The Anil Ambani-promoted Reliance Infrastructure (RInfra) is likely to postpone its demerger plan to the next financial year. The company has moved the Bombay High Court, which is hearing its scheme of arrangement, seeking a change in the effective date of plan to April 1 this year.

Source:- Business-Standard.com

Government approves Rs 6,721 cr National Highway projects in Meghalaya, Mizoram

Government approves Rs 6,721 cr National Highway projects in Meghalaya, Mizoram

The Centre has intimated to the West Bengal government that it wants to pick up 74 per cent stake in the proposed Special Purpose Vehicle (SPV) that will develop the Tajpur deep sea port in the state

Source:-  The Financial Express

Rebidding for Rs 6,000-crore Zojila tunnel by April: Nitin Gadkari

Rebidding for Rs 6,000-crore Zojila tunnel by April: Nitin Gadkari

The government will reissue tenders for the strategic Zojila pass tunnel in Jammu and Kashmir by April and work on the Rs 6,000-crore project will commence by August, Union Minister Nitin Gadkari said today.

Source:- The Economic Times

Shipping min moves to turn major ports green

Shipping min moves to turn major ports green

All major Indian ports will have to undergo an audit to become ‘Green’ and ‘Swachh’. The Union shipping ministry has conducted a pilot study at Mumbai Port Trust (MbPT), which saw the over 70% compliance. The remaining 11 major ports will also undergo the audit

Source:- Dnaindia.com 

World Water Day: On World Water Day, Railways unveils water conservation policy

World Water Day: On World Water Day, Railways unveils water conservation policy

The Railways unveiled its water conservation policy, a first in the transportation sector, to reduce wastage of the precious natural resource on the World Water Day today.

Source:-  The Economic Times 

Here’s why Indian railways will use drones

Here’s why Indian railways will use drones

The Hirakand Express derailed in Andhra Pradesh earlier this year, killing 40, while the Rajendranagar-Patna Express incident caused the death of almost 150 people last year.

Source:-  Deccan Chronicle

India’s longest highway tunnel to be inaugurated on April 2 -

India’s longest highway tunnel to be inaugurated on April 2 -

India's longest highway tunnel at Chenani Nashri, between Udhampur and Ramban in Jammu & Kashmir is all set to be inaugurated by prime minister Narendra Modi on April 2.

Source:- The Economic Times

Railway’s Vikalp scheme for waitlisted train travellers: Rollout on April 1, but read the fineprint

Railway’s Vikalp scheme for waitlisted train travellers: Rollout on April 1, but read the fineprint

From April 1, those with wait-listed train tickets will get an option of selecting a “Vikalp”, an alternative choice of any other train on the same route, if the original ticket does not get confirmed on the day of the journey.

Source:- Indianexpress

Government clears Rs 2,029 crore project for JNPT channel expansion

Government clears Rs 2,029 crore project for JNPT channel expansion

The government today approved a Rs 2,029-crore project for widening of Mumbai harbour channel at the Jawaharlal Nehru Port in Mumbai.

Source:- The Economic Times

17 states have agreed to form joint ventures with Railways: Suresh Prabhu

17 states have agreed to form joint ventures with Railways: Suresh Prabhu

Seventeen states have agreed to form joint ventures with the Railways to fast-track infrastructure projects, the Lok Sabha was informed today.

Source:- The Economic Times

IWAI raises Rs 340 Crore through Infrastructure Bonds

IWAI raises Rs 340 Crore through Infrastructure Bonds

In a landmark development for expansion of inland waterways in the country, the Inland Waterways Authority of India (IWAI) has raised Rs 340 crore through its maiden bond issue from the market.

Source:- Business-Standard.com

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