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November,16,2018,Friday

DAILY NEWS UPDATES ON ENERGY AND INFRASTRUCTURE

EDITOR’s PICK

NTPC's Total Installed Capacity Rises to 48143 MW

NTPC's Total Installed Capacity Rises to 48143 MW

Setting yet another benchmark, the total installed capacity of NTPC group has become 49,143 MW. The 12th plan capacity addition target of 11,920 MW has been exceeded by adding 12,040 MW the highest ever capacity addition in any 5 year plan by NTPC

Source:- EnergyInfraPost.com

POWER/COAL/MINES/RE

Indian Railways To Purchase 500 MW power from RGPPL project in Maharashtra, Piyush Goyal

Indian Railways To Purchase 500 MW power from RGPPL project in Maharashtra, Piyush Goyal

Coming to the rescue of the stressed gas based power project--Ratnagiri Gas and Power Pvt. Limited (RGPPL) power plant in Maharashtra, Indian Railways has agreed to continue to purchase 500 MW power from the beleaguered power project from April 1, 2017 and for a period of five years

Source:- EnergyInfraPost.com

Considerable Reduction in India's Coal Imports, Piyush Goyal In Lok Sabha

Considerable Reduction in India's Coal Imports, Piyush Goyal In Lok Sabha

On the back of increased domestic production, coal imports have fallen from 217.78 Mte in 2014-15 to 199.88 Mte in 2015-16

Source:- EnergyInfraPost.com

`Power To All' Plan by 2019 Is On Track, Union Minister Piyush Goyal assures Parliament

`Power To All' Plan by 2019 Is On Track, Union Minister Piyush Goyal assures Parliament

The government's `Power To All' Plan by 2019 Is On Track, Union Minister of State (IC) for Power, Coal & New and Renewable Energy and Mines, Piyush Goyal assured the Parliament on Thursday. As many as 12,662 out of the targeted 18452 villages stand electrified in the country as on March 20, 2017 and 56,232.6 MW generation capacity has been added during the period 2014-17 (as on 28.02.2017), the minister said in the Lok Sabha

Source:- EnergyInfraPost.com

NTPC Plans to Add 32 GW Capacity via Renewable Energy Resources by 2032, Piyush Goyal

NTPC Plans to Add 32 GW Capacity via Renewable Energy Resources by 2032, Piyush Goyal

India’s largest power generation company, National Thermal Power Corporation (NTPC) Limited plans to achieve 32 GW installed capacity through renewable energy resources by 2032, Union Minister of State (IC) for Power, Coal, Mines New & Renewable Energy and Mines, Piyush Goyal told the Lok Sabha on Thursday.

Source:- EnergyInfraPost.com

LED bulbs have reduced power bills: Goyal

LED bulbs have reduced power bills: Goyal

Use of energy efficient LED bulbs has led to reduction of power bills by Rs 20,000 crore, the Lok Sabha was informed today.

Source:-India.com

'Smart lights to become largest IoT devices in next 5-10 years'

'Smart lights to become largest IoT devices in next 5-10 years'

With cheaper and smarter lights fast replacing incandescent bulbs and compact fluorescent lamps (CFL), smart connected lights will become one of the largest internet of things (IoT) devices in the next five to 10 years, Harshvardhan Chitale, Vice Chairman and Managing Director, Philips Lighting India, has predicted

Source:- The Economictimes

Ratnagiri Gas

Gas Based Ratnagiri Gas and Power Pvt Limited (RGPPL) Starts Generation

Ratnagiri Gas and Power Pvt. Limited (RGPPL) has started generation of power under the scheme of Utilization of gas based power generation capacity for the year 2015-16 and 2016-17, Union Minister of State (IC) for Power, Coal & New and Renewable Energy and Mines, Piyush Goyal said in a written reply to a question in the Lok Sabha today

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.

Source:- Energy.economictimes

Policy for surplus coal availability for power plants in the works: Piyush Goyal

Policy for surplus coal availability for power plants in the works: Piyush Goyal

The government is working on a policy to ensure power plants have surplus availability of coal, Union Minister Piyush Goyal said today.

Source:- ET Energy World

BHEL commissions 250 Mw coal-based power plant in Assam

BHEL commissions 250 Mw coal-based power plant in Assam

Bharat Heavy Electricals Ltd (BHEL), India's largest power equipment manufacturer, has commissioned a 250 MW coal-based thermal power unit at its Bongaigaon Thermal Power Station (TPS) of NTPC in Assam, the firm said in a statement.

Source:- ET Energy World

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.

Source:- EnergyInfraPost.com

India eases rules for old oil, gas blocks; to unlock $21 billion reserves

India eases rules for old oil, gas blocks; to unlock $21 billion reserves

India approved a policy on Wednesday allowing extra time to contractors of old blocks to unlock oil and gas reserves of more than 426 million barrels, worth over $21 billion, as it seeks to cut its dependence on imports.

The policy approved by the Union Cabinet will help companies including Cairn India and Oil and Natural Gas Corp that are exploring blocks awarded before 1999

Source:- The Times Of India

Stakeholder LIC demands dues from Essar to give clearance to Rosneft-Essar deal

Stakeholder LIC demands dues from Essar to give clearance to Rosneft-Essar deal

India's top financial institution LIC wants its pound of flesh before it gives the green signal to the $13-billion Essar-Rosneft deal which would be the largest inflow of foreign direct investment into the country

Source:- The Economic Times

Oil up from four-month lows, inventories curb recovery

Oil up from four-month lows, inventories curb recovery

Oil prices climbed off four-month lows on Thursday but the recovery was cautious with investors fretting that Opec-led supply cuts were not yet reducing record US crude inventories.

Source:- The Economic Times

Shares of Vedanta and Cairn India gains after receiving NCLT nod on merger

Shares of Vedanta and Cairn India gains after receiving NCLT nod on merger

Shares of Vedanta Limited and Cairn India gained on Indian equity indices after the National Company Law Tribunal (NCLT) on Thursday approved their merger plans.

Source:- Zeebiz

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

Source:- ET Energy World

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.

Source:- ET Energy World

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.

Source:- ET Energy World

ONGC: Ratna and R-series fields to be developed by ONGC after a delay of 20 years

ONGC: Ratna and R-series fields to be developed by ONGC after a delay of 20 years

The board of state owned behemoth Oil and Natural Gas Corporation Limited (ONGC) last month approved the development of R-series fields with a capital cost of Rs 4,104.63 crore, petroleum minister Dharmendra Pradhan informed Rajyasabha.

Source:- ET Energy World

Modi government to hold second round of small oilfields auction soon

The Modi government is planning to soon hold a second round of bidding for discovered small fields very soon, buoyed by the healthy response from investors, including first-time entrants in the hydrocarbon sector, in the just-conducted auctions.

Source:- ET Energy World

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.

Source:- ET Energy World

Hindustan Petroleum to upgrade units using Honeywell technology

Hindustan Petroleum to upgrade units using Honeywell technology

State-run oil marketer Hindsutan Petroleum Corp Ltd (HPCL) has selected Honeywell's technologies for the expansion and modernisation of its refinery at Visakhapatnam in Andhra Pradesh, according to the American software-industrial company.

Source:- ET Energy World

China's state-run CNOOC reports worst result since at least 2011, forecasts output rise

China's state-run CNOOC reports worst result since at least 2011, forecasts output rise

China's offshore oil and gas producer CNOOC Ltd reported its worst annual result since at least 2011, with revenue from its core oil and gas business tumbling 17 percent last year, but it expects to raise output 2017 as oil prices rebound.

Source:- ET Energy World

INFRASTRUCTURE

Toll on Mumbai-Pune E-way to rise 18 per cent to Rs 230 from April 1

Toll on Mumbai-Pune E-way to rise 18 per cent to Rs 230 from April 1

The increase in toll is as per the government notification issued in 2004 which states that the fee will increase by 18 per cent every three years, starting 2005.​​

Source:- The Financial Express

The Financial Express

Railways to implement ERP solution in next few months: Suresh Prabhu

Railways to implement ERP solution in next few months: Suresh Prabhu

He said railways will completely move towards the e-tendering process to eliminate corruption.

Source:- Business-standard

NHAI working on 5 expressways to decongest Delhi

NHAI working on 5 expressways to decongest Delhi

The National Highways Authority of India (NHAI) is on the job to finish five expressway projects, including Rs4,428-crore Eastern Peripheral Expressway, to decongest Delhi, Parliament was informed on Thursday.

Source:- Livemint

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