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November,16,2018,Friday

LATEST NEWS UPDATES IN ENERGY AND INFRASTRUCTURE

EDITOR’s PICK

With 24x7 Power For All In Uttar Pradesh, Piyush Goyal Plans "Urja Kranti" In India's Biggest State

With 24x7 Power For All In Uttar Pradesh, Piyush Goyal Plans "Urja Kranti" In India's Biggest State

Within days of his party--the Bhartiya Janta Party (BJP) forming a new government in Uttar Pradesh, Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal has set an agenda to tackle the messed up power sector in India's largest state. “We have to bring an Urja Kranti in Uttar Pradesh and we will work together to achieve it”, Minister Goyal said after chairing a meeting on Monday with the Minister of Energy, Government of Uttar Pradesh (UP), Shrikant Sharma

Source:- Energyinfrapost.com.

India to soon launch the second round of DSF bidding, Dharmendra Pradhan

India to soon launch the second round of DSF bidding, Dharmendra Pradhan

Government is now working towards a second round of DSF Bidding, and shall also be rolling out the Hydrocarbons Exploration and Licensing Policy (HELP) through the Open Acreage Licensing (OAL) mechanism shortly, which shall provide good opportunity for more E&P investment. He added that the Ministry is also working on Performance Enhancing Contracts (PEC) and on mechanisms to incentivize EOR in India

Source:- Energyinfrapost.com

Opinion Piece: America’s First Energy Plan can reset India-US energy ties

Opinion Piece: America’s First Energy Plan can reset India-US energy ties

With the launch of bilateral India-U.S. Energy Dialogue in May 2005, energy has been a mainstay of India-US strategic partnership.

Source:- Energyinfrapost.com

POWER/COAL/MINES/RE

Piyush Goyal Lists India’s LED and Renewable Energy Program As Steps To Combat Climate Change

Piyush Goyal Lists India’s LED and Renewable Energy Program As Steps To Combat Climate Change

Known for his eloquence, Union Minister Piyush Goyal once again made the audience spellbound at the 'World Conference on Environment 2017' with his impressive speech on Climate Change, its impact and India’s preparedness to combat it. Mr Goyal captivated the audience by his witty speech saying, “We are living on this planet and using its resources as if we have an another planet to go to later….It is time that human beings understand that climate change is a challenge caused by humans only and ultimately it is humans who can address it

Source:- Energyinfrapost.com

Union Minister Piyush Goyal Updates Parliament On Auctioning of Coal Blocks

Union Minister Piyush Goyal Updates Parliament On Auctioning of Coal Blocks

The government has so far allocated 82 coal blocks and mines by way of auction / allotment under the provisions of the Coal Mines (Special Provisions) Act, 2015 and the Rules made there under. Of these 82 coal mines, 31 have been allocated through e-auction and 51 by way of allotment

Source:- Energyinfrapost.com

BHEL

BHEL commissions another 250 MW eco-friendly unit in Gujarat

State-owned power equipment maker BHEL today said it has commissioned a 250-mw eco-friendly unit, using low-grade coal (lignite) as a primary fuel.

Source:- Financial Express

Adani Group is the first Indian company to join global sustainable energy promotion club GEIDCO

Adani Group is the first Indian company to join global sustainable energy promotion club GEIDCO

Infrastructure conglomerate Adani Group has joined Global Energy Interconnection Development and Cooperation Organisation (GEIDCO) as a member, which is a non-governmental body dedicated to promoting sustainable development of energy worldwide

Source:- Energyinfrapost.com

RPO Compliance Needs to Improve Fast for India to Meet Its Solar Installation Targets, Mercom Capital

RPO Compliance Needs to Improve Fast for India to Meet Its Solar Installation Targets, Mercom Capital

Over the past three years, as states scrambled to fulfill their RPOs, cumulative installation figures for solar and wind energy increased exponentially, but unless compliance improves drastically it will be a challenge to meet the lofty 2022 installation goals, analysts at Mercom Capital Group said

Source:- Energyinfrapost.com

NSPCL Pays Total Interim Dividend of Rs120 Crore to NTPC & SAIL

NSPCL Pays Total Interim Dividend of Rs120 Crore to NTPC & SAIL

NTPC-SAIL Power Company Ltd (NSPCL), a 50:50 joint venture of two Maharatna companies, NTPC Limited and Steel Authority of India Limited (SAIL), paid interim dividend of Rs.120 crore (Rs.60 crore each to NTPC & SAIL) which works out to 12.24% of paid up equity share capital

Source:- Energyinfrapost.com

Temasek-backed Sembcorp set to pump in $600 mn in India power arm

Temasek-backed Sembcorp set to pump in $600 mn in India power arm

Sembcorp Industries Ltd, promoted by Singapore’s sovereign wealth fund Temasek Holdings Private Ltd, is set to infuse fresh capital of about $600 million into its power business in India

Source:- Livemint

Trump to sign order on Tuesday easing energy regulations - officials

Trump to sign order on Tuesday easing energy regulations - officials

President Donald Trump will sign an order on Tuesday aimed at making it easier for companies to produce energy in the United States, administration officials said on Sunday.

Source:-  Dnaindia.com

Coal India Ltd announces second interim dividend for 2016-17

Coal India Ltd announces second interim dividend for 2016-17

State-owned miner Coal India Ltd (CIL) announced another interim dividend of Rs 1.15 per share of face value Rs 10 on Sunday.

Source:- ET Energy World 

Communications technology helping reduce power T&D losses

Communications technology helping reduce power T&D losses

The high rates of transmission and distribution losses in India, up to 60% in some states, have led to a profusion of technologies emerging to at least address the non-technical losses occurring due to power theft and meter tampering.

Source:- The Hindu

Vestas opens wind turbine blade factory in India - report

Vestas opens wind turbine blade factory in India - report

Denmark’s Vestas Wind Systems A/S (CPH:VWS) on Saturday inaugurated a wind turbine blade production facility in the Indian state of Gujarat, news agency ANI reported.

Source:- Renewablesnow

China’s top solar module maker GCL-Poly Energy eyes India play

China’s top solar module maker GCL-Poly Energy eyes India play

China’s largest solar equipment maker GCL-Poly Energy Holdings Ltd plans to invest in India, attracted by the nation’s emerging green economy.

Source:- Livemint

Russian

Russian JV to build 100 MW solar farm, 300 MW cell fab in India

A Russian-backed joint venture (JV) recently signed an agreement with Chennai-based Al Ameen Green Energy to build a 100 MW solar PV plant in Virudhunagar, in the Indian state of Tamil Nadu.

Source:- Pv-magazine.com

SunPower

Companies to Gain from India's Solar Boom

SunPower Corp. (SPWR) Chief Executive Officer Tom Werner says the world’s largest democracy is set to become the world’s biggest market for solar energy.

Source:-  Investopedia

exhausted

Energy resources will be exhausted in 40 years: Expert

Scientist and researchers are continuously trying to find suitable alternative fuels which are economical and environment friendly as present sources of energy like oil, coal, etc will be exhausted in the next 40 years,.” said GK Ghosal, former HoD, petrochemical department, Laxminarayan Institute of Technology (LIT), Nagpur and petroleum expert and R & D consultant, Solar Industries India Ltd

Source:- ET Energy World 

Rajasthan

Solar power lights up remote villages in Rajasthan

Not long ago, Sita, a tribal woman of Shishviya village in Rajasthan’s Udaipur district, used to share a kerosene lamp with her children who studied under its dim light as she cooked.

Source:-  The Hindustan Times

OIL AND GAS

Global Crude oil price of Indian Basket was US$ 49.49 per bbl on 24.03.2017

Global Crude oil price of Indian Basket was US$ 49.49 per bbl on 24.03.2017

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$ 49.49 per barrel (bbl) on 24.03.2017.

Source:- Energyinfrapost.com

IndianOil Renews Agreement To Supply of Petroleum Products To Nepal Oil Corp For 5 yrs

IndianOil Renews Agreement To Supply of Petroleum Products To Nepal Oil Corp For 5 yrs

Deepening ties with its friendly neighbour, India on Monday renewed its commitment to supply petroleum products to Nepal for another five years.

The supply agreement between India’s largest oil marketing PSU, IndianOil and Nepal Oil Corp was renewed till March 2022 as part of its commitment to a neighbour to whom IndianOil has been supplying petroleum products since 1974

Source:- Energyinfrapost.com

Indian Oil to assist Nepal build Motihari-Amlekhganj Petroleum Products Pipeline

Indian Oil to assist Nepal build Motihari-Amlekhganj Petroleum Products Pipeline

India's largest oil marketing company, Indian Oil will assist Nepal Oil Corp (NOC) in laying a petroleum products pipeline that will supply fuel to Nepal and in jointly marketing fuel in Nepal, union minister of state for oil and gas Dharmendra Pradhan said on Monday. India has been a traditional supplier of petroleum products to Nepal since 1974. Nepal currently receives its entire demand of about 200,000 kilo litres of fuel every month from Indian Oil Corp (IOC)

Source:- Energyinfrapost.com

Think-tank Niti Aayog readies draft cabinet note on methanol-blended fuel

Think-tank Niti Aayog readies draft cabinet note on methanol-blended fuel

Government think-tank Niti Aayog has prepared a draft cabinet note to enable 3 per cent blending of methanol with petrol with a view to reduce dependence on imported fuel.

Source:- ET Energy World 

Essar Oil gives undertaking to pay lenders soon after Rosneft deal

Essar Oil gives undertaking to pay lenders soon after Rosneft deal

Pushed by LIC, Essar Oil has given an unconditional undertaking to the institution and some of the lenders that their dues would be cleared within three days of the closure of its crucial deal with the Russian firm Rosneft.

Source:- ET Energy World

 

India's oil, gas companies seek minimum floor price for natural gas

India's oil, gas companies seek minimum floor price for natural gas

Oil and gas exploration and production (E&P) companies in India are seeking to have the natural gas pricing regime revised to allow for the setting of a minimum rate, as a sustained fall in prices is fast eroding the economic viability of operations.

Source:-  Miningweekly

Oil dips as rising US drilling offsets talk of an OPEC-led cut extension

Oil dips as rising US drilling offsets talk of an OPEC-led cut extension

Oil prices dipped on Monday as rising US drilling activity outweighed talks that an OPEC-led production cut initially due to end in mid-2017 may be extended.

Source:- Financial Express

India Asks Big Oil Companies "Where Do You Want to Drill?"

India Asks Big Oil Companies "Where Do You Want to Drill?"

India is putting its aggressive program to sharply reduce oil and gas imports over the next 5 years to the test with an upcoming bidding round aimed at winning back international oil companies with the skills and money to make major discoveries.

Source:- SPE

Goldman Sachs

Goldman Sachs says OPEC should be wary of extending production cuts

Goldman Sachs on Sunday said an extension of the joint OPEC and non-OPEC oil production cut is not warranted unless supply and demand fundamentals deteriorate.

Source:- Financial Express

INFRASTRUCTURE

Economic Corridor Development (ECD) now at the forefront in promoting Sustained Growth in the SASEC Sub-region

Economic Corridor Development (ECD) now at the forefront in promoting Sustained Growth in the SASEC Sub-region

India and Asian Development Bank (ADB) have been partnering on the economic corridor approach for some time now.

Source:-  Business-Standard.com

Railways' Roll-on-Roll-off service goes off track due to technical hurdles

Railways' Roll-on-Roll-off service goes off track due to technical hurdles

In less than a month of its launch, railways' much-hyped Ro-Ro (Roll-on Roll-off) service goes off track owing to technical hurdles.

Source:-  Indiatoday.in

Wi-Fi hotspot kiosks to be set up at 500 Indian railway stations

Wi-Fi hotspot kiosks to be set up at 500 Indian railway stations

Aiming to provide connectivity in remote areas, Railways will set up Wi-Fi hotspot kiosks at about 500 stations and help people access an array of online services, including various government schemes.

Source:- BGR

Bus-rail link: Modi govt plan to synchronise modes of transport is spot on

Bus-rail link: Modi govt plan to synchronise modes of transport is spot on

Central government’s plan to synchronize modes of transportation for seamless movement of goods and passengers, reduce congestion and pollution is a step in the right direction but the success of ambitious plan lies with its execution.

Source:-  Business-Standard.com

Cochin Port’s outer harbour project to be ready by 2020: CPT Chairman

Cochin Port’s outer harbour project to be ready by 2020: CPT Chairman

If all goes well, the ambitious outer harbour project of Cochin Port Trust (CPT) worth Rs 3,050 crore will be ready by June 2020, says A V Ramana, chairman (in-charge), CPT.

Source:-  Newindianexpress.com

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