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​GOOD MORNING INDIA!

November,16,2018,Friday

LATEST NEWS UPDATES FROM ENERGYINFRAPOST

POWER/COAL/MINES/RE

Piyush Goyal Launches The First of Its Kind Mobile App- URJA MITRA App to empowers citizens by real time information sharing on power supply

Piyush Goyal Launches The First of Its Kind Mobile App- URJA MITRA App to empowers citizens by real time information sharing on power supply

Union Minister of State (IC) for Power, Coal, New and Renewable Energy, and Mines, Piyush Goyal, while presiding over the launch of ‘URJA MITRA App’ and inauguration of the ‘Rural Feeder Monitoring Scheme’ here today, said that the Government is engaged in preparing the Nation to truly get 24x7 affordable, quality and uninterrupted adequate power.

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Source: Team EnergyInfraPost

SC rules out compensatory tariff to Tata Power, Adani Power; stocks tumble

SC rules out compensatory tariff to Tata Power, Adani Power; stocks tumble

The Supreme Court on Tuesday set aside an order by the Appellate Tribunal For Electricity allowing compensatory tariff to Tata Power Ltd and Adani Power Ltd, sending down shares of both companies

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Source: Business-Standard.com

Kerala, Maharashtra, Rajasthan top list in providing uninterrupted power: Urja app

Kerala, Maharashtra, Rajasthan top list in providing uninterrupted power: Urja app

People in Himatnagar area in Gujarat get the most uninterrupted power supply in the country, while residents of Mankachar in Assam grapple with an average 188 instances of power cuts a month

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Source: Livemint

investment

China solar, wind to attract $780 billion investment by 2030 – research report

China's wind and solar sectors could attract as much as 5.4 trillion yuan ($782 billion) in investment between 2016 and 2030 as the country tries to meet its renewable energy targets, according to a research report published on Tuesday

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Source: Reuters

Suzlon Energy

Suzlon Energy gains over 2% on bagging 50.4 MW order in Karnataka

Shares of Suzlon Energy advanced over 2 per cent in early trade on Tuesday after wind turbine manufacturer on Monday informed bourses that the group has bagged an order of 50.4 MW to supply 24 units of its S111 turbines of 120 meters from a power producer for its project in Karnataka.

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Source: Economictimes.indiatimes.com

Illegal mining in full swing at Vennikulam in Pathanamthitta

Illegal mining in full swing at Vennikulam in Pathanamthitta

Acres of land is being mined illegally at Vennikulam at Puramattom panchayat with alleged police connivance. 

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Source: English Mathrubhumi

City half

Solar energy can give city half of its power: Study

A study carried out to assess the solar rooftop potential of Greater Mumbai has shown that Mumbai has a potential to generate 1,720 megawatt (MW) of solar energy across rooftops including residences, educational institutions, government buildings and industries

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Source: Dnaindia.com

Solar-power

BHEL bags order from Railways for solar power plant

State-owned power equipment major BHEL today said it has bagged an order from Indian Railways for installing 2 MW rooftop solar photovoltaic systems at Diesel Locomotive Modernisation Works (DMW) in Patiala.

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Source: Thehindubusinessline

REC looks to finance manufacturing, coal block development

REC looks to finance manufacturing, coal block development

State-run Rural Electrification Corp (REC) is looking at diversifying from power sector lending to financing equipment manufacturing, energy efficiency schemes, power plants renovation and coal blocks development, chairman PV Ramesh told ET in an exclusive interview.

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Source: Energy.economictimes.com

Macquarie to acquire solar power assets of Hindustan Powerprojects in $600 mn deal

Macquarie to acquire solar power assets of Hindustan Powerprojects in $600 mn deal

An infrastructure fund of Australia’s Macquarie Group Ltd has agreed to buy about 330 megawatts (MW) of operational solar assets from power producer Hindustan Powerprojects Pvt. Ltd for an enterprise value of $600 million, said two people familiar with the discussions.

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Source: Livemint

Energy ties in focus as India, Bangladesh companies sign 13 pacts

Energy ties in focus as India, Bangladesh companies sign 13 pacts

A Bangladeshi business delegation led by Prime Minister Sheikh Hasina on Monday announced signing of 13 memorandums of understanding (MoUs), with the energy sector emerging as the frontrunner.

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Source: Financial Express

Mytrah Energy in talks to raise Rs1,800 crore from Piramal Capital SFG

Mytrah Energy in talks to raise Rs1,800 crore from Piramal Capital SFG

Hyderabad-based renewable energy producer Mytrah Energy India Pvt. Ltd is in advanced talks to raise Rs1,800 crore in structured debt funding from Piramal Capital’s structured finance group (SFG), two people directly aware of the development said on condition of anonymity.

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Source: Livemint

Bengal

West Bengal gets India’s largest coal mine, centre allots Deocha-Pachami

Bengal is set to develop the country’s largest coal mine in Birbhum district, with the Centre allotting the development rights for the Deocha-Pachami coal block to the state under the government route.

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Source: Energy.economictimes.com

Vedanta, Cairn India finish merger to form $15.6-bn market cap entity

Vedanta, Cairn India finish merger to form $15.6-bn market cap entity

Consolidating Vedanta’s position as one of the world’s largest diversified natural resources companies, Vedanta and Cairn India have completed their merger process on Tuesday.

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Source: Business-Standard.com

UP CM Yogi Adityanath orders 24-hr power in district centres, 18 hrs in villages

UP CM Yogi Adityanath orders 24-hr power in district centres, 18 hrs in villages

Chief Minister Yogi Adityanath today ordered 18-hour power supply in villages, 20-hour at tehsil level and in Bundelkhand region besides deciding to ink a pact with the Centre to ensure electricity in all UP villages by 2019.

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Source: The Economic Times (PTI)

OIL AND GAS

Global

Global Crude oil price of Indian Basket was US$ 54.35 per bbl on 10.04.2017

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$ 54.35 per barrel (bbl) on 10.04.2017.

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Source: Team EnergyInfraPost

GAIL-India

GAIL India 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 has said

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Source: Energy.economictimes.com

Petrol pumps

Petrol pumps may remain closed on Sundays from May

Petrol pumps are likely to remain shut on Sundays from May and a typical work day for fuel retailers across the country last about 8-9 against the usual 12-17 hours currently

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Source: Dnaindia.com

Gas utilities in a sweet spot

Gas utilities in a sweet spot

The domestic gas prices have been cut marginally from $2.5 per mmbtu (million British Thermal Units) to $2.48 per mmbtu, but gas distribution and marketing companies are in a sweet spot

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Source: Business-Standard.com

Saudis, oil majors discuss gas investments ahead of giant IPO

Saudis, oil majors discuss gas investments ahead of giant IPO

Saudi Arabia and international oil companies have discussed gas venture opportunities inside the kingdom and abroad as part of the top crude-exporting country`s drive to diversify investments before the listing of national energy giant Saudi Aramco.

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Source: Zeebiz

IndianOil Chairman bags SCOPE Special Commendation Award

IndianOil Chairman bags SCOPE Special Commendation Award

Mr. B Ashok, Chairman, IndianOil, has been conferred the SCOPE Special Commendation Award for Excellence and Outstanding Contribution to Public Sector Management - Individual Leadership Category 1 (Maharatna & Navratna PSEs) 2014-15.

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Source: Team EnergyInfraPost

INFRASTRUCTURE

Uttar Pradesh

Infra and power projects to get a push from the newly elected UP government

The post-poll era of Uttar Pradesh is populated with news on cow politics and Romeo squads, but India Inc., is making a beeline in the State as the new government is all set to revamp the infrastructure of the State by investing heavily in roads and power sector, informed an observer, while speaking to a leading English daily

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Source: India Info Line

Notice to Railways on plea to operate trains to Karwar on Kunigal line

Notice to Railways on plea to operate trains to Karwar on Kunigal line

The Karnataka High Court on Monday ordered issue of notice to the Indian Railways on a PIL petition, which has sought a direction to the authorities to operate exclusive daily overnight trains between Bengaluru and Karwar, and Bengaluru and Kannur in Kerala on the recently commissioned Kunigal railway line.

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Source: The Hindu

Railway loses revenue as sugar production falls in Pune

Railway loses revenue as sugar production falls in Pune

A SHARP dip in the sugar production in Pune and adjoining areas has led to a fall in the earning of Pune Division of the Indian Railways too, as the freight earning from sugar transport has fallen by 25 per cent over the last year.

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Source: indianexpress

India mulls private banks for $1.5 trillion infrastructure gap

India mulls private banks for $1.5 trillion infrastructure gap

India is considering turning to the private sector to help plug a chronic shortage of capital for infrastructure projects.

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Source: Livemint

Railways step up efforts to electrify more routes to save energy cost

Railways step up efforts to electrify more routes to save energy cost

Railways have stepped up efforts to electrify 4000 km route in the current fiscal, a quantum jump from the last year's target of 2000 km.

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Source: Team EnergyInfraPost

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