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November,20,2018,Tuesday

LATEST NEWS UPDATES IN ENERGY AND INFRASTRUCTUTE SPACE FROM ACROSS THE MEDIA

POWER/COAL/MINES/RE

Powergrid Corporation commissions Rs 6,300 crore transmission project in Chhattisgarh

Powergrid Corporation commissions Rs 6,300 crore transmission project in Chhattisgarh

India's largest and state-owned electricity transmission company Power Grid Corporation of India Ltd (PGCIL) today said it has started the commercial operation of its 800 Kilovolt HVDC Champa-Kurukshetra Pole I project.

Source:- ET Energy World

Suzlon Restructures Overseas Subsidiaries to Reduce Costs

Suzlon Restructures Overseas Subsidiaries to Reduce Costs

Suzlon Energy Ltd. said it will streamline the legal entities it controls, consolidating its operations outside India under two companies as part of continuing efforts to cut costs and cope with increasing competition in wind turbine manufacturing.

Source:- Bloomberg Quint

REC signs MoU with DVC for long term loan assistance

REC signs MoU with DVC for long term loan assistance

Rural Electrification Corp on Friday said it has signed a memorandum of understanding with Damodar Valley Corp (DVC)

Source:- The Economictimes

CCI slaps Rs 591 crore penalty on Coal India, says ensure uniformity between private, public power producers

CCI slaps Rs 591 crore penalty on Coal India, says ensure uniformity between private, public power producers

Competition Commission of India (CCI) has slapped a whopping Rs 591 crore penalty on public sector undertaking (PSU) Coal India over the unfair conditions in fuel supply agreements.

Source:- Financial Express

NTPC-Simhadri unit achieves 80.66% plant load factor

NTPC-Simhadri unit achieves 80.66% plant load factor

NTPC-Simhadri thermal station is doing exceedingly well and ranks 17 amwong the leading power projects with a plant load factor of 80.66 per cent, according to Group General Manager PK Bondriya.

Source:- The Hindubusinessline

G20 leaders to discuss finance and economic policy on the ghats of Varanasi

G20 leaders to discuss finance and economic policy on the ghats of Varanasi

Prime Minister Narendra Modi's Lok Sabha constituency Varanasi, considered the spiritual capital of India, will soon be getting on the international diplomacy map

Source:- The Economic Times

ICRA re-affirms AAA rating to NHPC, says demand outlook favourable

ICRA re-affirms AAA rating to NHPC, says demand outlook favourable

Credit rating company ICRA has re-affirmed its ‘AAA’ to state-owned hydro power company NHPC Ltd on grounds of strong operating efficiencies and favourable demand outlook.

Source:- ET Energy World

India to Extend Cooperation With IAEA, Providing Training Opportunities

India to Extend Cooperation With IAEA, Providing Training Opportunities

Nuclear professionals from across Asia will benefit from extended cooperation agreed on by IAEA Director General Yukiya Amano and Sekhar Basu, Chairman of India’s Atomic Energy Commission last week.

Source:- IAEA

Coal ash: 'Why in the world would we be importing it?'

Coal ash: 'Why in the world would we be importing it?'

Shipping containers full of coal ash from China, Poland and India have come into the U.S. through the Port of Virginia as foreign companies find a market for the same industrial waste that America's utilities are struggling to dispose of.

Source:- Wdbj7

Coal scam: CBI to submit final report before Patiala House Court

Coal scam: CBI to submit final report before Patiala House Court

The Central Bureau of Investigation (CBI) will today file a final report before the Patiala House Court in connection with the coal scam case against Congress leader and industrialist Naveen Jindal besides others.

Source:- New Indianexpress

Government planning to revamp mining licensing regime

Government planning to revamp mining licensing regime

The government is working on a new method to auction mining leases to match commodity price cycles and investor appetite.

Source:- Livemint

'318.74 Ha Land Acquired For NMCD's Steel Plant'

'318.74 Ha Land Acquired For NMCD's Steel Plant'

Revenue Minister Prem Prakash Pandey informed Chhattisgarh Assembly on Thursday that a total of 288.81 hectares of land was acquired in 2001 for NMDC Ltd’s upcoming steel plant at Nagarnar

Source:- Daily pioneer

Govt mulls advisory group for NMDC on iron ore pricing

Govt mulls advisory group for NMDC on iron ore pricing

The steel ministry is considering an advisory group for public sector miner NMDC to rein in any potential price surge in iron ore, sources said.

Source:- Business Standard

NTPC spares Delhi of power cuts, but set to crackdown against Jharkhand

NTPC spares Delhi of power cuts, but set to crackdown against Jharkhand

NTPC has withheld its decision to cut power to BSES Yamuna Power Limited (BYPL) in the forthcoming peak summer season after the latter committed to pay part of its dues by month-end.

Source:- Financial Express

Hindustan Zinc: Re-rating likely on rising dividend payout

Hindustan Zinc: Re-rating likely on rising dividend payout

Hindustan Zinc's (HZL's) announcement of a dividend of Rs 27.50 a share was cheered by the Street, with its stock price up 2.7 per cent to close at Rs 320.20 on Thursday.

Source:- Business Standard

NTPC eyes govt stake in SJVN worth Rs 8,720 cr: Sources

NTPC eyes govt stake in SJVN worth Rs 8,720 cr: Sources

NTPC Ltd, India’s biggest electricity producer, is seeking to buy the central government’s stake in hydro-power producer SJVN Ltd to boost its share of non-fossil fuel generation capacity, according to people with knowledge of the development.

Source:- Business Standard

Telangana buys ‘costliest’ thermal power from Andhra Pradesh

Telangana buys ‘costliest’ thermal power from Andhra Pradesh

The TSTransco is losing crores due to delay in submission of a report by the high-level panel constituted by the Central government to go into the power sharing dispute between AP and TS.

Source:- Deccan Chronicle

World moving towards green economy: UN

World moving towards green economy: UN

Highlighting India’s growing solar capacity, UN chief Antonio Guterres has said the world is moving towards a green economy at a time when “unprecedented” climate change is posing a threat to development.

Source:- Indianexpress

India on the roadmap of tripling nuclear power capacity

India on the roadmap of tripling nuclear power capacity

The Union Minister of State (Independent Charge) for Atomic Energy and Space, Dr Jitendra Singh, said in a written reply to a question in Rajya Sabha, “The Government, in July 2014, had announced tripling of the then existing capacity of 4,780 MW in the next ten years.

Source:- The Hindubusinessline

India to Share Nuclear Expertise for Bangladesh’s Rooppur Nuclear Plant

India to Share Nuclear Expertise for Bangladesh’s Rooppur Nuclear Plant

The service provider deal for the Rooppur plant will be signed during Bangladesh Prime Minister Sheikh Hasina’s visit April 7 onwards.

Source:- Sputniknews

Energy efficient LED bulbs have reduced power bills: Piyush Goyal

Energy efficient LED bulbs have reduced power bills: Piyush 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:- ET Energy World

 

OIL AND GAS

Global Crude oil price of Indian Basket was US$ 49.64 per bbl on 23.03.2017

Global Crude oil price of Indian Basket was US$ 49.64 per bbl on 23.03.2017

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$ 49.64 per barrel (bbl) on 23.03.2017

Source:- EnergyInfraPost.com

FIR Reliance Industries

Reliance Industries to challenge Sebi order in RPL case

Reliance IndustriesBSE 0.95 % today said it will challenge the Sebi order in the Reliance PetroleumBSE 0.34 % case before the Securities Appellate Tribunal, terming the regulator's directions as "unjustifiable sanctions".

Source:- The Economic Times

Reliance

Insider trading case: SEBI bans Reliance Industries, 12 others from equity derivative market for 1 year

The Securities and Exchange Board of India (Sebi) on Friday barred Reliance Industries Ltd (RIL), the country's second most valued firm, and 12 other entities from dealing in equity derivatives futures and options segment for a period of one year, directly or indirectly, for allegedly indulging in fraudulent trades in Reliance Petroleum in 2007.

Source:- The Economic Times

MoPNG e Seva is a dedicated grievance redressal platform for Petroleum and Gas related queries

MoPNG e Seva is a dedicated grievance redressal platform for Petroleum and Gas related queries

Union Minister of State (I/C) for Petroleum and Natural Gas, Dharmendra Pradhan launched MoP&NG e-Seva, a dedicated grievances redressal platform on Social Media for all queries and grievances relating to Oil and Gas Sector. The MOPNG e-Seva is an integrated grievances redressal platform across social media   for all Oil & Gas related service issues. This portal will be a single …

Source:- EnergyInfraPost.com

India could join Asian nations in procuring LNG: Oil Minister Dharmendra Pradhan

India could join Asian nations in procuring LNG: Oil Minister Dharmendra Pradhan

India does not rule out the possibility of joining China, Japan and Korea to jointly buy liquefied natural gas (LNG) as part of efforts to extract better deals, Oil Minister Dharmendra Pradhan said on Friday.

Source:- Moneycontrol.com

After govt's pressure, state-run oil firms declare Rs 4,570 crore special dividend

After govt's pressure, state-run oil firms declare Rs 4,570 crore special dividend

State-run Indian Oil Corporation Ltd (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) have declared a combined special dividend of `4,570 crore following pressure from the government,

Source:- The Economic Times

Big relief: Cairn India’s Barmer oil & gas block among 10 granted extension

Big relief: Cairn India’s Barmer oil & gas block among 10 granted extension

In what may come as a relief to Cairn India and encourage it to increase the pace of investment, the Vedanta group company’s prolific Barmer oil and gas block has been granted an extension of 10 years or economic life of the field

Source:- Financial Express

Cairn, ONGC, Essar benefit from pre-NELP contract extension

Cairn, ONGC, Essar benefit from pre-NELP contract extension

The Union Cabinet’s decision on Wednesday to grant extension to production sharing contracts for 10 blocks will benefit Cairn India Ltd (CIL)

Source:- Business Standard

6.73 lakh LPG consumers have given up subsidy

6.73 lakh LPG consumers have given up subsidy

Ever since the Central government announced the ‘Give It Up’ scheme, under which consumers gave up subsidy on refills, a total of 6,73,347 families in the State have opted out.

Source:- The Hindu

Oil prices decline on rising US stockpiles

Oil prices decline on rising US stockpiles

Oil prices extended losses on Thursday as rising US crude inventories intensified concerns about market oversupply.

Source:- Newsx

India's ONGC, Reliance Seen Getting Relief From Gas Price Cuts

India's ONGC, Reliance Seen Getting Relief From Gas Price Cuts

India’s domestic gas prices may stop falling for the first time two years, a welcome relief for the country’s energy explorers.

Source:- Bloomberg

US is swimming in crude oil: EIA data

US is swimming in crude oil: EIA data

According to data released by the US Energy Information Administration (EIA), stockpiles swelled by a further 4.95 million barrels to 533.1 million barrels.

Source:- ET Energy World

‘ONGC is in no way linked to the proposed hydrocarbon project at Neduvasal’

‘ONGC is in no way linked to the proposed hydrocarbon project at Neduvasal’

ONGC has no further role with the proposed hydrocarbon extraction project at Neduvasal and its surrounding villages in Pudukkottai district, said top officials from ONGC based in Karaikal

Source:- ET Energy World

Dharmendra Pradhan

Oil Ministry starts grievance redressal platform

The oil ministry has launched an online grievance redressal platform to help resolve the problems of fuel consumers within 48 hours.

Source:- The Economic Times

Trump issues controversial Keystone pipeline permit to TransCanada

Trump issues controversial Keystone pipeline permit to TransCanada

The company responsible for the Keystone XL oil pipeline said Friday morning that President Trump's administration had signed off on the project, clearing a key hurdle for a polarizing endeavor that has rankled environmentalists and inspired hope for jobs among supporters.

Source:- Usatoday.com 

How four PSUs are paying dividends in record time

How four PSUs are paying dividends in record time

Four public sector undertakings—Indian Oil Corporation, Bharat Petroleum (BPCL), Hindustan Petroleum (HPCL) and Coal India — are paying an out-of-turn second interim dividend to help the government shore up its revenues. Most of these companies paid interim dividends less than a month ago.

Source:- Business-standard

KEI-RSOS secures two oil and gas blocks in KG Basin

KEI-RSOS secures two oil and gas blocks in KG Basin

KEI-RSOS Petroleum & Energy, which currently operates five marginal gas fields in the KG Basin and markets the gas to industries, announced securing two oil and gas blocks in the KG Basin from the union petroleum and natural gas ministry.

Source:- The Economic Times

INFRASTRUCTURE

Chinese, Korean majors vie to build India’s longest road bridge

Chinese, Korean majors vie to build India’s longest road bridge

China’s second-largest construction company is competing with at least six international builders, including two each from Japan and Korea, for $2.7 billion worth of contracts to build the largest road bridge in India.

Source:- The Economic Times

Chinese, Korean companies vie to build Mumbai Trans Harbour Link

Chinese, Korean companies vie to build Mumbai Trans Harbour Link

China’s second-largest construction company is competing with at least six international builders, including two each from Japan and Korea, for $2.7 billion worth of contracts to build the largest road bridge in India.

Source:- Livemint

Ray apprises Modi of pending infra projects

Ray apprises Modi of pending infra projects

Rourkela BJP legislator and former Union minister Dilip Ray on Thursday met Prime Minister Narendra Modi and apprised him about the inordinate delay gripping two mega infrastructure projects of Rourkela despite the PM’s announcement on the projects in April 2015.

Source:- New Indianexpress

Surat multi-modal transport hub project gets 9 bids, dates advanced

Surat multi-modal transport hub project gets 9 bids, dates advanced

The ambitious multi-modal transport hub construction project of Surat railway station, slated to begin last year, received nine bids by interested developers even as authorities have advanced the bidding dates to April 15, 2017.

Source:- Indianexpress

Metro plans Madhyamgram link

Metro plans Madhyamgram link

After years of delay, the West Bengal governmentis now keen to connect Barasat in North 24 Parganas to the existing Metro network in Kolkata.

Source:- The Times Of India

Three steel companies have withdrawn projects from Odisha:Govt

Three steel companies have withdrawn projects from Odisha:Govt

Altogether three companies that had signed MoUs with the Odisha government for setting up steel plants have withdrawn their projects from the state, the Assembly was informed today.

Source:-  India

Reliance Infra could bag Rs 800-crore Tamil Nadu road job

Reliance Infra could bag Rs 800-crore Tamil Nadu road job

Anil Ambani-led Reliance Infrastructure has emerged the lowest bidder for a Rs 800-crore highway construction job in Tamil Nadu, people close to the development told ET.

Source:- The Economic Times

Post controversy, cable car project tender cancelled

Post controversy, cable car project tender cancelled

After the J&K State Cable Car Corporation (JKSCCC) cancelled its controversial tender having change in the nomenclature of the Mubarak Mandi–Bahu Fort Cable Car Project to the Mubarak Mandi-Shahabad Project

Source:- Tribuneindia.com

Warehousing companies part of JNPT's new plan

Warehousing companies part of JNPT's new plan

In a likely breather to Container Freight Station (CFS) operators which otherwise ran the risk of losing massive amounts of business

Source:- The Economic Times

India to conduct survey for new rail line to Bangladesh

India to conduct survey for new rail line to Bangladesh

The Railway Ministry is exploring the possibility of connecting Tripura with Bangladesh from three sides, Minister of State for Railways Rajen Gohain said on Thursday.

Source:- The shillong Times

Suresh Prabhu asks IITians for ideas to improve rail facilities

Suresh Prabhu asks IITians for ideas to improve rail facilities

Railway Minister Suresh Prabhu today asked the students of IIT-Roorkee to offer their ideas to improve the rail facilities.

Source:- The Financial Express

Cochin Shipyard to raise Rs. 1,400-1,500 crore through IPO

Cochin Shipyard to raise Rs. 1,400-1,500 crore through IPO

Cochin Shipyard Ltd (CSL), India’s largest largest public sector shipyard, is planning to raise about Rs. 1,400-1,500 crore through an initial public offering (IPO) and has filed initial papers with the marker regulator. On completion of a successful IPO, CSL will become the first of five state-owned shipbuilding companies to be publicly listed.

Source:- The Hindubusinessline

Plans to connect Tripura with Bangladesh from three sides: Minister of State for Railways Rajen Gohain

Plans to connect Tripura with Bangladesh from three sides: Minister of State for Railways Rajen Gohain

The Railway ministry was exploring the possibility of connecting Tripura with Bangladesh from three sides, Minister of State for Railways, Rajen Gohain, said today.

Source:- The Economic Times

Nod to convert 57,500 km state highways into NHs: Govt

Nod to convert 57,500 km state highways into NHs: Govt

The Centre has given in principle approval to upgrade 57,500 km of state highways to national highways so as to augment the existing 1.13 lakh km of NHs across the country, Parliament was informed today.

Source:- The Economic Times

PNC Infratech wins Rs 2,720cr road contract from NHAI in Uttar Pradesh,Madhya Pradesh

PNC Infratech wins Rs 2,720cr road contract from NHAI in Uttar Pradesh,Madhya Pradesh

PNC Infratech today said it has emerged as the lowest bidder for NHAI's two highway projects worth Rs 2,720 crore in Uttar Pradesh and Madhya Pradesh.

Source:- The Economic Times

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