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​GOOD MORNING INDIA!

November,20,2018,Tuesday

LATEST NEWS UPDATES IN ENERGY AND INFRASTRUCTURE

EDITOR’S PICK

Indian companies to invest $9 billion in Bangladesh energy projects

Indian companies to invest $9 billion in Bangladesh energy projects

Energy is now at the vanguard of New Delhi's biggest business commitments in its neighbourhood, with power and gas leading the $9-billion investment projects India has proposed to make in Bangladesh to help strengthen Dhaka's emerging industrial base.

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Source: The Economic Times

POWER/COAL/MINES/RE

Reliance Power Executes Agreements For Phase - I Of 750 MW LNG Based Power Project In Bangladesh

Reliance Power Executes Agreements For Phase – I Of 750 MW LNG Based Power Project In Bangladesh

Reliance Power today executed Project Agreements with Bangladesh Power Development Board (BPDB) for Phase – I of 750 MW LNG power project at Meghnaghat, near Dhaka in Bangladesh

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Source: Team EnergyInfraPost

Five accused in coal case against Jindal get interim bail

Five accused in coal case against Jindal get interim bail

A special court here today granted interim bail till May 4 to five fresh accused named by the CBI in its supplementary charge sheet in a coal scam case against Congress leader and industrialist Naveen Jindal and others.

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Source: Thehindubusinessline

Piyush Goyal's Warning to UP Power Officials, 'Be Honest or Resign'

Piyush Goyal's Warning to UP Power Officials, 'Be Honest or Resign'

Union Power Minister Piyush Goyal has issued a stern warning to officials in Uttar Pradesh and asked them to either ensure zero corruption or resign immediately.

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Source: News18

No agreement stops India from using any energy source: Goyal

No agreement stops India from using any energy source: Goyal

The Paris Agreement on Climate Change does not in any way stop India or any country from meeting its energy needs from whatever sources of energy that one may choose, the government told the Rajya Sabha today.

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Source: Dnaindia.com

Renewable capacity addition catches up with thermal power in India: Bridge to India

Renewable capacity addition catches up with thermal power in India: Bridge to India

Data analysed by Bridge to India suggests that the country’s total renewable capacity including solar, wind, bio-mass and small hydro grew by around 11.2 GW in FY 2016-17

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Source: Economictimes.indiatimes.com

India releases draft guidelines for wind tenders

India releases draft guidelines for wind tenders

India's Ministry of New & Renewable Energy (MNRE) on Friday published draft guidelines for wind power auctions and said it is seeking comments and suggestions on the proposed rules by April 21.

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Source: Renewablesnow

Dialogue

India - 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

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Source: Energy Sector

L&T arm wins Rs 5,250-crore order from Qatar firm

L&T arm wins Rs 5,250-crore order from Qatar firm

Engineering conglomerate Larsen & Toubro's construction arm has secured its single-biggest order worth Rs 5,250 crore from Qatar General Electricity and Water Corporation for power transmission and network expansion.

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Source: Economictimes.indiatimes.com

OIL AND GAS

Global Crude oil price of Indian Basket was US$ 54.19 per bbl on 07.04.2017

Global Crude oil price of Indian Basket was US$ 54.19 per bbl on 07.04.2017

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$ 54.19 per barrel (bbl) on 07.04.2017.

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Source: Team EnergyInfraPost

ONGC drills record 501 wells in FY17

ONGC drills record 501 wells in FY17

Oil and Natural Gas Corp (ONGC) has set a new record of drilling over 500 wells in 2016-17 at an expenditure of Rs 15,747 crore as the major state-owned explorer steps up efforts to boost domestic output.

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Source: Economictimes.indiatimes.com

Petronas pitches $1 bln offshore gas project stake to oil firms-sources

Petronas pitches $1 bln offshore gas project stake to oil firms-sources

Malaysia's Petronas has pitched an estimated $1 billion stake in a prized upstream local gas project to potential bidders including Royal Dutch Shell , ExxonMobil Corp, Thailand's PTT Exploration and Production and Japanese firms, sources familiar with the matter said.

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Source: The Times Of India

India's fuel consumption grows at slower rate of 5% in FY17

India's fuel consumption grows at slower rate of 5% in FY17

India's fuel consumption grew at a slower rate of 5 per cent in the last fiscal ended on March 31 as diesel demand slowed.

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Source: Business-Standard.com

GAIL to hire ships on short term to ferry LNG from US

GAIL to hire ships on short term to ferry LNG from US

State gas utility GAIL India Ltd will hire ships on short term to ferry gas from the US after it was forced to scrap a USD 7 billion tender for making vessels in India, Oil Minister Dharmendra Pradhan said today.

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Source: Dnaindia.com

Stable outlook for India’s oil refining sector going ahead: ICRA

Stable outlook for India’s oil refining sector going ahead: ICRA

The credit outlook for India’s oil refining and marketing sector remains stable owing to high capacity utilization of domestic refining companies, low under-recoveries of Oil Marketing Companies (OMCs) and timely subsidy reimbursement by the centre, research and ratings agency ICRA has said

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Source: Energy.economictimes.com

A section of petrol pump owners to shut shop every Sunday May 14 onwards

A section of petrol pump owners to shut shop every Sunday May 14 onwards

A section of petroleum dealers said they would shut their retail outlets every Sunday starting May 14. Many see this as a tactic to pressure government for higher commission.

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Source: Business-Standard.com

INFRASTRUCTURE

Indian Railways to launch supply chain system in digital mode

Indian Railways to launch supply chain system in digital mode

The Indian Railways will introduce digital contract system for its supply chain in all zones. Online Supply chain system wherein 100 percent E-tenders and E-auctions are already integrated

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Source: News Patrolling

Water bus stuck at customs for lack of clarity on duty: Nitin Gadkari

Water bus stuck at customs for lack of clarity on duty: Nitin Gadkari

Should an amphibian vehicle that can ply on both land and water be considered a bus or a ship for taxation purposes?

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Source: Economictimes.indiatimes.com

Lok Sabha Green Flags Motor Vehicles Amendment Bill

Lok Sabha Green Flags Motor Vehicles Amendment Bill

A Bill to unleash radical reforms in the transport sector by ensuring 100 percent e-governance, checking bogus driving licences and vehicle thefts, slapping heavy penalty on traffic violators

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Source: Bloomberg Quint

Indian Railways draws plan to use solar power at 8,000 stations

Indian Railways draws plan to use solar power at 8,000 stations

Indian Railways is planning to set up 500 Megawatt of solar power generation capacity that will meet the energy needs of more than 8,000 stations across the country going forward.

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Source: Energy.economictimes.com

Rail services suspended again for security reasons in Kashmir

Rail services suspended again for security reasons in Kashmir

Rail services have again been suspended for security reasons in the Kashmir valley, where separatists have called for general strike today in protest against the death of eight civilians in security force

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Source: kathmandupost

Turnbull talks security and trade in India

Turnbull talks security and trade in India

Malcolm Turnbull wants to bring Australia and India much closer together through talks on energy, education and security during his visit to the subcontinent.

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Source: Sky News

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