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​GOOD AFTERNOON INDIA!

November,21,2018,Wednesday

QUICK AFTERNOON NEWS UPDATES FROM ACROSS THE MEDIA ON ENERGY AND INFRASTRUCTURE 

EDITOR'S PICK

BY OUR EXPERT, Mr Manish Vaid, A Researcher at ORF

Deciphering the impact of current oil markets trends on India

Deciphering the impact of current oil markets trends on India

During the last week, India observed series of positive developments resulting from fall in oil prices, strengthening of rupee and BJP’s sterling show in the Uttar Pradesh (UP) elections.

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Source : Energyinfrapost.com

POWER/COAL/MINES/RE

NTPC Adds Highest Ever Capacity during 12th Plan

NTPC Adds Highest Ever Capacity during 12th Plan

With commissioning of 250 MW Unit at Bongaigaon Thermal Power Project and 20 MW at Bhadla today, the total installed capacity of NTPC group has become 49143 MW

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Source : Energyinfrapost.com

NTPC Achieves Highest Ever Single Day Generation of 870.11 MUs

NTPC Achieves Highest Ever Single Day Generation of 870.11 MUs

NTPC and Group NTPC achieved highest ever daily generation of 784.74 MUs & 870.11 MUs on 22nd March 2017 surpassing previous best of 782.95MUs & 866.47MUs achieved on 9/9/16.

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Source : Energyinfrapost.com

Energy boost for Uttar Pradesh: Solar power park, panels in the offing

Energy boost for Uttar Pradesh: Solar power park, panels in the offing

The district is fast emerging as a solar energy hub. As per the clearance given by UPNEDA (Uttar Pradesh New and Renewable Energy Agency), different institutions of the district have been picked up for installation of solar panels.

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Source :Energy.economictimes.indiatimes.com

India-Bangladesh-Russia civil nuclear power cooperation on the cards

India-Bangladesh-Russia civil nuclear power cooperation on the cards

India and Bangladesh are expected to sign a civilian nuclear deal during Prime Minister Sheikh Hasina’s visit to India from April 7-10. This will lead to trilateral cooperation with Russia, which is building a nuclear power plant in Rooppur in Bangladesh.

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Source : Energy.economictimes.indiatimes.com

Reliance Power promoter group entity sells shares worth Rs 858 crore

Reliance Power promoter group entity sells shares worth Rs 858 crore

Reliance Infradevelopment offloaded a total of 18 crore shares over three days starting from March 20. The shares were sold in three tranches to Reliance Wind Turbine Installators Industries at different prices.

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Source : Energy.economictimes.indiatimes.com

Withdraw price distorting LED bulb distribution scheme: Industry to government

Withdraw price distorting LED bulb distribution scheme: Industry to government

The LED industry has asked the government to withdraw its bulbs distribution scheme, alleging it is resulting in price distortion and discouraging retailers from selling the lamps.

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Source : Energy.economictimes.indiatimes.com

OIL AND GAS

Global Crude oil price of Indian Basket was US$ 49.44 per bbl on 22.03.2017

Global Crude oil price of Indian Basket was US$ 49.44 per bbl on 22.03.2017

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$ 49.44 per barrel (bbl) on 22.03.2017.

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Source : Energyinfrapost.com

Petroleum Ministry seeks integration road map from state-run oil companies

Petroleum Ministry seeks integration road map from state-run oil companies

The oil ministry has directed state oil firms to prepare a roadmap for creating integrated firms. Oil secretary Kapil Dev Tripathi held a short meeting with the chairmen of state oil firms last week and asked them to submit their respective plans for integration within weeks

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Source : Energy.economictimes.indiatimes.com

Mozambique to get $350 mln in tax from Eni-Exxon deal

Mozambique to get $350 mln in tax from Eni-Exxon deal

Mozambique will get $350 million in capital gains tax from Eni after the Italian oil and gas company agreed to sell a stake in a gas field to Exxon Mobil Corp, senior tax official Anibal Mbalango said on Tuesday.

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Source : Energy.economictimes.indiatimes.com

China's Sinopec buys first major refinery in Africa from Chevron

China's Sinopec buys first major refinery in Africa from Chevron

China's Sinopec will pay almost $1 billion for a 75 percent stake in Chevron Corp's South African assets and its subsidiary in Botswana to secure its first major refinery in Africa, the companies announced on Wednesday.

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Source : Energy.economictimes.indiatimes.com

Twelve PSUs to be put on block as selloff gathers steam under strategic divestment

Twelve PSUs to be put on block as selloff gathers steam under strategic divestment

The government has stepped up its strategic divestment drive, with premier think tank Niti Aayog recommending immediate stake sales in 12 central public sector enterprises (CPSEs).

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Source : Energy.economictimes.indiatimes.com

Moody's global integrated oil and gas sector outlook turns positive on earnings growth recovery

Moody's global integrated oil and gas sector outlook turns positive on earnings growth recovery

Moody's Investors Service (Moody's) has changed its outlook on the global integrated oil and gas sector to positive from stable as higher profits from upstream operations fuel a faster recovery in earnings growth, says the rating agency in a report published today.

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Source : Energy.economictimes.indiatimes.com

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