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November,17,2018,Saturday

LATEST NEWS UPDATES FROM ENERGYINFRAPOST

EDITOR’s PICK

India becomes net exporter of power for the first time - government

India becomes net exporter of power for the first time - government

India has become a net exporter of electricity for the first time, the power ministry said on Wednesday, adding that upcoming cross-border transmission lines with neighbouring countries such as Nepal, Bangladesh and Myanmar will only increase sales

Source:-  ET Energy World

UDAY pulls down book losses in FY2017 by half to Rs 37,500 crore

UDAY pulls down book losses in FY2017 by half to Rs 37,500 crore

ICRA estimates that debt refinancing or takeover by state governments will lower book losses of discom from Rs 67,000 crore in FY2015 to Rs 37500 crore in FY2017.

Source:- The Economic Times

Govt to extend sops for Mega Power Policy projects by five years

Govt to extend sops for Mega Power Policy projects by five years

The government is set to extend by up to five years the benefits of the Mega Power Policy which promised customs and excise duty benefits to power projects of 1,000 megawatt (MW) or more capacity that sign long-term power purchase deals.

Source:-  Livemint

POWER/COAL/MINES/RE

Kerala, Tripura, Arunachal Pradesh take states' list under UDAY to 26

Kerala, Tripura, Arunachal Pradesh take states' list under UDAY to 26

Twenty siz states are now part of the UDAY scheme, meant for the revival of debt stressed discoms, after Kerala, Arunachal Pradesh and Tripura formally joined the programme.

Source:- The Economic Times

Coal India

Coal India expects production grow of 2.5% this fiscal

Against a required production growth rate of nearly 11% during FY2016-17, Coal India is likely to close the year with a 2.5% growth and a 2% rise in sales over the previous year.

Source:- The Economic Times

Kalpataru Power Transmission bags orders worth Rs 1,200 crore

Kalpataru Power Transmission bags orders worth Rs 1,200 crore

Kalpataru Power Transmission won new orders worth Rs 1,200 crores, the Mumbai-headquartered engineering and construction company said in a statement Wednesday.

Source:- The Economic Times

ADB okays $175 mn loan to Power Grid to diversify energy mix

ADB okays $175 mn loan to Power Grid to diversify energy mix

Asian Development Bank (ADB) has approved USD 175 million loan to Power Grid Corporation to help the power producer diversify its power mix by supplying more clean energy.

Source:- The Economic Times

 

'Rollback of Clean Power Plan threatens air quality, health'

'Rollback of Clean Power Plan threatens air quality, health'

US President Donald Trump's executive order to roll back the Clean Power Plan aimed at tackling global warming is likely to threaten air quality, health as well as economic benefits associated with it, an expert has warned.

Source:-  Business-Standard.com

Indian Govt’s big solar park push may face land hurdles

Indian Govt’s big solar park push may face land hurdles

The union cabinet decided last month to double India’s solar power generation capacity, from 20 GW to 40 GW, by setting up 50 solar parks, which are solar projects with a capacity of 500 MW or more concentrated in one area

Source:- The Hans India

'Shivalik region getting fragile': HC orders complete mining ban in Uttarakhand

'Shivalik region getting fragile': HC orders complete mining ban in Uttarakhand

Ordering a “complete ban” on all mining activities in the state for four months, the Uttarakhand high court on Tuesday directed the state government to constitute a high-powered committee to look into various aspects of mining activities and find out whether mining activity should be permitted in the state at all

Source:-  The Times Of India

Wind developers at risk as India copes with dual payment system

Wind developers at risk as India copes with dual payment system

India’s wind-energy industry is seeing the viability of projects called into question as it adjusts to Prime Minister Narendra Modi’s transition away from two separate systems to pay for clean power.

Source:-  Livemint

Banks may get Rs 10k-cr relief for troubled power loans

Banks may get Rs 10k-cr relief for troubled power loans

The Centre is set to clear an estimated Rs 10,000 crore relief package for banks, which are facing the prospect of loans to 25 mega power projects turning sour, because promoters are unable to find buyers for their capacity in the current surplus market condition

Source:-  The Times Of India

SCCL falls short of coal production target

SCCL falls short of coal production target

The State-owned coal mining giant Singareni Collieries Company Limited (SCCL) produced 60.30 million tonnes of coal till March 27 as against the internal annual production target of 66.06 million tonnes and official target of 58 million tonnes for the current fisca

Source:- The Hindu

Australian govt company evinces interest in Adani's coal mine project

Australian govt company evinces interest in Adani's coal mine project

An Australian government—owned fund manager company has expressed interest to invest in “infrastructure pieces” of Indian energy giant Adani’s USD 21 billion controversial coal mine project in Queensland.

Source:- Thehindubusinessline

OIL AND GAS

FIR Reliance Industries

Reliance completes transaction for the sale of its interest in gulf africa petroleum corporation (gapco) to total

Pursuant to the Sale agreements signed by Reliance Exploration & Production DMCC (“REPDMCC”), an indirect wholly owned subsidiary of Reliance Industries Limited (“RIL”) and TOTAL, for the sale of the entire 76% interest held by REPDMCC in the Mauritius-incorporated Gulf Africa Petroleum Corporation (“GAPCO”), REPDMCC, TOTAL and GAPCO have obtained requisite regulatory approvals, consents and successfully completed the sale transaction.

Source:- Energyinfrapost.com

Oil rises on Libyan supply disruptions, likely OPEC output cut extension

Oil rises on Libyan supply disruptions, likely OPEC output cut extension

Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC-led output reduction will be extended into the second half of the year.

Source:- The Economic Times

 

Global Crude oil price of Indian Basket was US$ 49.91 per bbl on 28.03.2017

Global Crude oil price of Indian Basket was US$ 49.91 per bbl on 28.03.2017

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$ 49.91 per barrel (bbl) on 28.03.2017

Source:- Energyinfrapost.com

‘Pak extracting gas from Indian fields’

‘Pak extracting gas from Indian fields’

Minister of State Minister of Petroleum and Natural Gas Dharmendra Pradhan in reply to a question by Barmer MP Col Sona Ram Choudhary Monday agreed that Pakistan is producing gas from the fields located near border areas.

Source:-  ET Energy World 

Exxon Mobil urges Donald Trump to stay in Paris climate accord

Energy giant Exxon Mobil has asked the Trump administration not to scrap US participation in the landmark Paris climate agreement, running counter to White House moves on carbon emissions

Source:- Newindianexpress.com

natural gas

After six decades, U.S. set to turn natgas exporter amid LNG boom

The last time the United States was a net exporter of natural gas was in 1957, when Dwight Eisenhower was president. 

Source:- Reuters

IOC pact for supplies until March 2022: To keep China in check, India seals cooking gas supply deal with Nepal

IOC pact for supplies until March 2022: To keep China in check, India seals cooking gas supply deal with Nepal

Following threats by Nepal to source its cooking gas from China thereby undermining India’s exclusivity since 1974, New Delhi has rushed in to placate its neighbor by promising to meet its entire domestic demand for petrol products and adding a few more sweeteners such as product pipelines and storage.

Source:- Annapurnapost.com

BP to sell more refineries and sharpen focus on retail outlets

BP to sell more refineries and sharpen focus on retail outlets

BP plans to sell more refineries without investing in new plants despite growing oil production and will focus on modernising existing operations while expanding its network of filling stations to generate $3 billion in additional cash.

Source:-  ET Energy World 

INFRASTRUCTURE

Railways suffering losses in passenger sector every year

Railways suffering losses in passenger sector every year

Railways is incurring losses on passenger operations every year, Lok Sabha was told today.Railways incurred losses of Rs 33,491 cr on passenger operations in 2014-15 while in 2015-16 the figure was Rs 35,918 cr, Minister of State for Railways Rajen Gohain said in the House

Source:- The Economic Times

Govt plans Indian version of Davos WEF meet, to issue tenders for infra blueprint

Govt plans Indian version of Davos WEF meet, to issue tenders for infra blueprint

State-run National Highways and Infrastructure Development Corp. Ltd (NHIDCL) will shortly issue a global tender for a consultant to prepare a detailed project report (DPR) on the creation of its own version of Davos.

Source:- Livemint 

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