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November,14,2018,Wednesday

LATEST NEWS UPDATES IN ENERGY AND INFRASTRUCTURE

EDITOR’S PICK

Aiming at double-digit GDP growth: Dharmendra Pradhan

Aiming at double-digit GDP growth: Dharmendra Pradhan

Asserting that there is enthusiasm in the country’s energy sector, Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Thursday said that by exploring natural resources, India is aiming at double-digit GDP growth

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Source: India.com

Coal India actively looking to invest in coal assets in Australia

Coal India actively looking to invest in coal assets in Australia

Coal India Ltd is actively looking to acquire coking coal assets in Australia, a senior company official told Reuters, as the country looks to beef up its foreign coal assets

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Source: Businesstoday.in

Saudi Aramco keen to take stake in west coast refinery

Saudi Aramco keen to take stake in west coast refinery

Saudi Aramco, the worlds largest oil producer, is interested in picking a stake in Indias biggest oil refinery being planned to be set up in Maharashtra at a cost of Rs 1.8 lakh crore

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Source: Indiatoday.in

POWER/COAL/MINES/RE

India, Bangladesh more than just neighbours: Piyush Goyal

India, Bangladesh more than just neighbours: Piyush Goyal

Piyush Goyal said that India and Bangladesh have expanded the scope of engagement to an unprecedented scale, which has built a great level of mutual trust between the two nations.

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Source: The Financial Express (PTI)

Tata Power's Generation crosses 51,000 MUs for the first time in FY17

Tata Power's Generation crosses 51,000 MUs for the first time in FY17

Tata Power, India's largest integrated power company, announced that the Company's generation crossed 51,000 Million Units (MUs) of power for the first time, collectively from all its power plants in the year 2016-2017.

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Source: Energyinfrapost.com

What was ‘mine’ is now yours for a fair price

What was ‘mine’ is now yours for a fair price

In August 2014, the Supreme Court cancelled 204 coal mining leases in a scathing indictment of the allocation process followed by successive governments since 1993.

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Source: Moneycontrol.com

wind

India banks on wind and solar power to go green at top speed

The green is edging out the black in India, courtesy the many wind turbines and solar panels dotting the country.

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Source: Elevenmyanmar

India to add 6,000 MW wind power in FY18

India to add 6,000 MW wind power in FY18

Indian wind energy sector witnessed a record installation of 5,400 MW in FY17, registering a 60 per cent growth as against 3,400 MW in FY16. With this addition, the total installation of wind moved from 27 GW to 32 GW.

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Source: Telanganatoday

Essar Power achieves 49% growth in power generation in FY 2016-17

Essar Power achieves 49% growth in power generation in FY 2016-17

While it generated 49% more power in the fiscal, the company also added 165 MW capacity to its portfolio by commissioning one unit each at its Paradip and Hazira plants.

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Source: Energyinfrapost.com

Solar energy capacity grow by a record 5,525 MW in India

Solar energy capacity grow by a record 5,525 MW in India

According to the Ministry of New and Renewable Energy (MNRE), the solar energy capacity of the nation nearly doubled in a year, with the 2016-17 capacity expanding by a record 5,525.98 MW in comparison to a capacity expansion of 30,10 MW of solar capacity in 2015-2016.

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Source: India Info Line

Govt open to exploit tidal energy: Piyush Goyal

Govt open to exploit tidal energy: Piyush Goyal

The government is open to exploiting tidal energy for power generation but as the technology is still in a nascent stage, its per unit cost is exorbitant, the Lok Sabha was informed today

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Source: Moneycontrol.com

JSW Steel could spend $1 bn capacity addition, acquisitions this year: Seshagiri Rao

JSW Steel could spend $1 bn capacity addition, acquisitions this year: Seshagiri Rao

JSW Steel Ltd could spend around $1 billion on capacity addition and acquisition this fiscal year and will bid for several iron ore and coking coal mines in upcoming government auctions to secure raw material supplies, a top company executive told Reuters.

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Source: Livemint

'Kudankulam unit 1 operations now India's responsibility'

'Kudankulam unit 1 operations now India's responsibility'

The responsibility to operate Unit 1 of Kudankulam Nuclear Power Plant, India's largest nuclear power generation unit has been entrusted fully to it, the Russian firm that built the joint venture plant, said on Thursday.

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Source: Business-Standard.com

Govt receives Rs 2,638 cr from buyback of CIL shares

Govt receives Rs 2,638 cr from buyback of CIL shares

The government has garnered about Rs 2,638 crore from buyback of shares of state-run Coal India Ltd, Parliament was informed on Thursday.

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Source: Business-Standard.com

Scindia

ReNew Power plans IPO to raise up to $600 million

India's largest clean energy producer ReNew Power is planning an initial public offering (IPO) of shares to raise up to $600 million after it closed the latest round of funding from Japan's JERA, a joint venture between Tokyo Electric Co. and Chubu Electric Co that valued it at $2billion, said people directly aware of the plans.

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Source: The Economic Times

43 hydro projects under construction: Govt

43 hydro projects under construction: Govt

Forty three hydro-electric projects, with total generating capacity of 11,928 MW, are under construction, the Lok Sabha was informed today.

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Source: The Economic Times (PTI)

OIL AND GAS

Global Crude oil price of Indian Basket was US$ 53.29 per bbl on 05.04.2017

Global Crude oil price of Indian Basket was US$ 53.29 per bbl on 05.04.2017

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$ 53.29 per barrel (bbl) on 05.04.2017.

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Source: Energyinfrapost.com

India seeks investment from Aramco, Abu Dhabi co in refinery, petchem projects

India seeks investment from Aramco, Abu Dhabi co in refinery, petchem projects

India is talking to Saudi Aramco and Abu Dhabi National Oil Company to invest here in refinery and petrochemical projects, Minister of Petroleum and Natural Gas Dharmendra Pradhan said on Thursday

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Source: Moneycontrol.com

Roadmap on oil, gas PSU integration likely this fiscal

Roadmap on oil, gas PSU integration likely this fiscal

The roadmap on consolidation of various Indian oil and gas public sector undertakings should become clear in the current financial year, according to Minister of Petroleum and Natural Gas Dharmendra Pradhan

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Source: Moneycontrol.com

Vedanta to supply 50% of India's crude oil output after merger: Agarwal

Vedanta to supply 50% of India's crude oil output after merger: Agarwal

Vedanta Group Chairman Anil Agarwal on Thursday said after the merger of Cairn India and Vedanta the combined entity will produce more and the target will be to account for at least 50 per cent of the country’s total oil production in the next four years.

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Source: Business-Standard.com

For state-run OMCs, deleveraging may have peaked

For state-run OMCs, deleveraging may have peaked

The dream run of declining net debt level for the three state run oil marketing companies (OMCs) has now hit rock-bottom, with analysts expecting the three companies to start a new capital expenditure (capex)-driven cycle.

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Source: Business-Standard.com

State-run oil companies plan to review fuel rates daily

State-run oil companies plan to review fuel rates daily

Prices at petrol pumps may change every day, similar to what happens in many advanced markets, as state oil companies plan to review rates daily to align them with international prices, replacing the current practice of fortnightly revision.

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Source: The Economic Times

INFRASTRUCTURE

UPA govt constructed 2 km of roads a day, our govt keen on achieving target of 40 km: Nitin Gadkari

UPA govt constructed 2 km of roads a day, our govt keen on achieving target of 40 km: Nitin Gadkari

Union Transport Minister Nitin Gadkari said on Wednesday that efforts are being made to further improve the road construction target to 40 km a day from the current 23 km per day

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Source: Dnaindia.com

Teesta agreement unlikely during Sheikh Hasina's visit

Teesta agreement unlikely during Sheikh Hasina's visit

Though a host of bilateral agreements are expected to be signed during Bangladesh Prime Minister Sheikh Hasina's four-day visit to India from April 7, a key agreement on the sharing of Teesta waters about which there has been wide speculation is unlikely to be inked, it is reliably learnt.

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Source: The Economic Times

‘Railways can raise Green Bonds to fund renewable power projects’

‘Railways can raise Green Bonds to fund renewable power projects’

As Indian Railways looks to lower its energy costs, sectoral stakeholders have mooted the idea of raising Green Bonds to fund solar energy generation projects.

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Source: The Hindubusinessline

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