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​GOOD MORNING INDIA!

November,17,2018,Saturday

LATEST NEWS UPDATES IN ENERGY AND INFRASTRUCTURE

EDITOR’S PICK

Government studying report on changing financial year: Arun Jaitley

Government studying report on changing financial year: Arun Jaitley

Union Finance Minister Arun Jaitley said on Friday that the government is studying a report on changing the financial year.

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Source: The Economic Times

India to export diesel to Bangladesh from tomorrow

India to export diesel to Bangladesh from tomorrow

India will formally commence the commercial supply of High Speed Diesel (HSD) to Bangladesh from Saturday, said Minister of State for Petroleum and Natural Gas Dharmendra Pradhan on Friday.

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Source: Business-Standard.com

POWER/COAL/MINES/RE

NTPC is now a 51,410MW Company

NTPC is now a 51,410MW Company

With the commissioning of the first unit of 660 MW of Solapur Super Thermal Power Project in Maharashtra on Friday, the commissioned capacity of NTPC Group has become 51410 MW.

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Source: Energyinfrapost.com

UK Ministerial Energy Dialogue: ‘Energy for Growth’

UK Ministerial Energy Dialogue: ‘Energy for Growth’

Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal, and UK’s Secretary of State for Business, Energy and Industrial Strategy, Mr. Greg Clark, chaired the inaugural India-UK ‘Energy for Growth’ Dialogue here today.

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Source: Energyinfrapost.com

Jindal Steel

Jindal Steel and Power declares force majeure on Australian coal mine

India's Jindal Steel and Power suspended operations at its coking coal mine in Australia last month due to heavy rains caused by Cyclone Debbie, forcing it to declare force majeure, its chief executive said on Thursday.

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Source: Energy.economictimes.com

Uttar Haryana Bijli Vitran Nigam introduces performance-linked transfer policy for officials

Uttar Haryana Bijli Vitran Nigam introduces performance-linked transfer policy for officials

With a view to enhance transparency, objectivity and fairness in general transfers, the Uttar Haryana Bijli Vitran Nigam (UHBVN) has introduced a performance-linked transfer policy for officers and officials in the rank of Executive Engineers (XEN) up to Junior Engineer (JE) of UHBVN.

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Source: ET Energy World

Foundation Stone Laid for 25 MW Solar Power Projects in A&N Islands

Foundation Stone Laid for 25 MW Solar Power Projects in A&N Islands

Union Home Minister Rajnath Singh on Friday laid the foundation stone for NTPC Ltd's solar power projects of 17 MW and 8 MW respectively at Manglutan and Chidiyatapu at a function held at Manglutan near Port Balir in Anadman Nicobar Island. These two solar power projects are with battery storage system.

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Source: Energyinfrapost.com

Malcolm Turnbull

Australia can ensure India's energy security: PM Malcolm Turnbull

Australia will be a reliable provider of coal, uranium, gas and renewable energy technology to ensure India has energy security as it grows into a regional power, Prime Minister Malcolm Turnbull said on the eve of his first visit to New Delhi.

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Source: Moneycontrol.com

Essar Oil reports robust refining and retail growth in FY 2016-17

Essar Oil reports robust refining and retail growth in FY 2016-17

Essar Oil Ltd., which operates India’s second largest private sector refinery and the largest private sector oil retail network, today reported robust growth across its refining and retail functions in FY 2016-17.

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Source:Energyinfrapost.com

Clean energy

Cost of renewables fell in 2017, lowering global investment in clean energy – UN

“Ever-cheaper clean tech provides a real opportunity for investors to get more for less,” said UNEP executive Director Erik Solheim.

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Source: Indiablooms

Capacity

Renewables surpass other energy sources in capacity addition in FY17

Capacity addition from renewable energy sources surpassed conventional sources for the first time in financial year 2017 as India added 12.5 gigawatt (GW) of renewable energy capacity compared to 10.2GW from conventional sources of fuel.

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Source: Livemint

UPERC

UPERC bid to rope in more solar power users

Finding hardly any takers for solar power connections despite the various incentives announced by the Uttar Pradesh Electricity Regulatory Commission (UPERC) last year, the UPERC on Thursday reiterated the advantages of the solar option listed in its tariff order of August 1, 2016.

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Source: Energy.economictimes.com

Investments

World sees record investments in renewables, says report

With the cost of clean technology continues to fall, the world added record levels of renewable energy capacity in 2016, at an investment level 23 per cent lower than the previous year, says an international research.

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Source: Business-Standard.com

Coal India to invest in coking coal assets abroad

Coal India to invest in coking coal assets abroad

In the process of considering the furnishing of its foreign coal assets stock, Coal India may acquire coking coal assets in Australia, as per market wide speculation.

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Source: India Info Line

OIL AND GAS

Global Crude oil price of Indian Basket was US$ 53.05 per bbl on 06.04.2017

Global Crude oil price of Indian Basket was US$ 53.05 per bbl on 06.04.2017

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$ 53.05 per barrel (bbl) on 06.04.2017.

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Source: Energyinfrapost.com

Oil prices rally after US missile strike on Syria

Oil prices rally after US missile strike on Syria

Oil prices held near one-month highs on Friday after the United States attacked a Syrian air base but stocks and the dollar recovered early falls when a US official played down the risks of an escalation.

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Source: Business-Standard.com

How US missiles hitting Syrian air base has rocked crude oil market

How US missiles hitting Syrian air base has rocked crude oil market

While Syria makes only 0.04 per cent of global petroleum supplies -- less than Cuba, New Zealand or Pakistan -- it calls one of the world’s biggest producing regions its neighborhood.

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Source: The Economic Times

ONGC sees its gas output hitting 5-year high in FY18, sources say

ONGC sees its gas output hitting 5-year high in FY18, sources say

Oil and Natural Gas Corp expects its natural gas production to reach a 5-year high in the current financial year following the start-up in coming weeks of a long-delayed project in the Arabian Sea, two senior company executives said.

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Source: Business-Standard.com

Bangladesh, India helping each other, says Indian petroleum minister

Bangladesh, India helping each other, says Indian petroleum minister

Prime Minister Sheikh Hasina's visit will "certainly" take ties to a new level, he told a group of Bangladesh journalists just as she reached New Delhi on a four-day state visit on Friday, her first state visit in seven years.

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Source: BD News24

Iran retaliates to Indian oil cut plans

Iran retaliates to Indian oil cut plans

Iran has cut by one-third the time it gives to Indian refiners to pay for oil they buy from it and has also raised ship freight rates as a retaliatory measure to New Delhi's decision to reduce Iranian oil imports.

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Source: Newindianexpress.com

CM to launch Deendayal Rasoi Yojana in 49 districts of MP

CM to launch Deendayal Rasoi Yojana in 49 districts of MP

Madhya Pradesh is all set to join the league of those states which have launched populist subsidised meal scheme for poor with the opening of canteens that provides wholesome food at Rs 5 under the Deendayal Antyodaya Rasoi Yojana.

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Source: Dnaindia.com

INFRASTRUCTURE

L&T names Subrahmanyan as CEO: Naik, non-executive chairman

L&T names Subrahmanyan as CEO: Naik, non-executive chairman

Larsen & Toubro chairman AM Naik will step down from his executive role to be the non-executive chairman of the engineering conglomerate, while SN Subrahmanyan will take over as its chief executive.

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Source: The Economic Times

New passenger train service between Dhaka and Kolkata to be launched on April 14

New passenger train service between Dhaka and Kolkata to be launched on April 14

In what would add a new feather in the Indo-Bangla partnership in the rail sector, a new train service between Kolkata and Khulna (Bangladesh) is likely to be launched during Bangladesh PM Sheikh Hasina's trip.

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Source: The Economic Times

Rail

Toothless or teething? Why the new rail regulator is not yet a major reform

The Cabinet earlier this week cleared what is perhaps the biggest reform for the Indian Railways when it approved the creation of an independent regulator – Railway Development Authority (RDA) – that will among other things determine tariffs.

 

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Source: Moneycontrol.com

Rs 4000 crore aid from Japan for better road connectivity in North East

Rs 4000 crore aid from Japan for better road connectivity in North East

The Japan International Cooperation Agency (JICA) recently signed an agreement with the Union government in New Delhi to provide 67,170 million Japanese Yen (approximately Rs 4,000 crore) for Phase I of the North East Road Network Connectivity Improvement Project.

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Source: Nyoooz

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