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​GOOD MORNING INDIA!

November,14,2018,Wednesday

LATEST NEWS UPDATES FROM ENERGYINFRAPOST

POWER/COAL/MINES/RE

Cabinet approves the “Signing and Ratification of MoU for Establishment of the BIMSTEC Grid Interconnection”

Cabinet approves the “Signing and Ratification of MoU for Establishment of the BIMSTEC Grid Interconnection”

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal of the Ministry of Power for Signing of "Memorandum of Understanding for Establishment of the BIMSTEC Grid Interconnection".

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Source: Team EnergyInfraPost

Need White Paper To Expose “Deep Rot” In Uttar Pradesh’s Power Sector, Says Piyush Goyal

Need White Paper To Expose “Deep Rot” In Uttar Pradesh’s Power Sector, Says Piyush Goyal

Union Power Minister Piyush Goyal yesterday (11 April) said he felt the need for a White Paper that exposed the “deep rot” that has “set into the system” in Uttar Pradesh during the last 15 years, reported the Times of India.

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Source: Swarajyamag.com

UP vows 24x7 power by 2018; waives surcharge on power dues

UP vows 24x7 power by 2018; waives surcharge on power dues

Taking its second biggest decision since coming to power, the Uttar Pradesh government on Tuesday decided to waive surcharge on electricity dues and gave nod to an agreement with the Centre to ensure 24X7 power supply by October 2018

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Source: Energy.economictimes.com

Tata, Adani, Supreme Court: Timeline Review Of Compensatory Tariff Case

Tata, Adani, Supreme Court: Timeline Review Of Compensatory Tariff Case

What happened on 11th April, came as a big blow to the two biggest power players in the country, Tata power and Adani Power

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Source: Businessworld

Infrastructure: India goes through historic renewable transformation

Infrastructure: India goes through historic renewable transformation

Historic milestone: In 2016-17, capacity addition in Renewable energy at 15,300 MW crossed conventional’s 11,000 MW. Transformational

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Source: Financial Express

Schneider Electric India to enhance energy efficiency through low-cost technology

Schneider Electric India to enhance energy efficiency through low-cost technology

Asserting its commitment to energy efficiency and enabling access to clean energy, Schneider Electric India on Tuesday showcased a range of low-cost clean technologies at the catamaran as part of the Nomade des Mers (Nomad of the Seas) expedition.

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Source: Dnaindia.com

Power distribution firms can't charge compensatory tariff: Supreme Court

Power distribution firms can't charge compensatory tariff: Supreme Court

The Supreme Court said power companies can’t raise preset tariffs if fuel becomes costlier due to changes in laws overseas, setting aside rulings by regulators and dealing a blow to Tata Power and Adani Power

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Source: Energy.economictimes.com

Solar power tariff hits a new low at Rs 3.15 levelised rate

Solar power tariff hits a new low at Rs 3.15 levelised rate

Solar power tariff has hit a new low at Rs 3.15 levelised tariff in the reverse auction carried out for 250 Megawatt project at Kadapa in Andhra Pradesh.

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Source: Energy.economictimes.com

India may add 6,000 MW wind power capacity in FY'18: IWTMA

India may add 6,000 MW wind power capacity in FY'18: IWTMA

India may add around 6,000 megawatts (MW) of wind power capacity in the ongoing fiscal, an industry body has said.

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Source: The Economic Times (PTI)

Solar tariff fixed at Rs 4.36 per unit for MW-scale plants

Solar tariff fixed at Rs 4.36 per unit for MW-scale plants

The Karnataka Electricity Regulatory Commission (KERC) has fixed Rs 4.36 per unit as the new tariff for new grid-connected megawatt (MW)-scale solar photovoltaic plants.

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Source: The Economic Times

Hydro power generation grows after two-years

Hydro power generation grows after two-years

Hydro power generation in the country posted a marginal growth of under a percent in FY 17 after two-years of consecutive dip in FY 16 and FY 15 over the respective corresponding period. This year the CEA has fixed a target of 141 billion units of hydro power generation, an increase of 15.6 per cent over the last financial year.

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Source: The Economic Times

OIL AND GAS

Global Crude oil price of Indian Basket was US$ 54.55 per bbl on 11.04.2017

Global Crude oil price of Indian Basket was US$ 54.55 per bbl on 11.04.2017

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$ 54.55 per barrel (bbl) on 11.04.2017.

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Source: Team EnergyInfraPost

Kuwait

Cabinet approves Policy to provide Purchase Preference (linked with Local Content (PP-LC) in all Public Sector Undertakings under Ministry of Petroleum & Natural Gas

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for Policy to provide Purchase Preference (linked with Local Content (PP-LC) in all Public Sector Undertakings under Ministry of Petroleum & Natural Gas.

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Source: Team EnergyInfraPost

Five Cities, One In Every Region To Change Fuel Prices Every Day From May 1

Five Cities, One In Every Region To Change Fuel Prices Every Day From May 1

Come May 1, five cities across India -- one in every region including Chandigarh in Northern region, Jamshedpur in Eastern region, Udaipur in West and Vizag in Southern region besides Puducherry will start selling petrol and diesel on a daily dynamic pricing model.

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Source: Team EnergyInfraPost

Cabinet approves setting up of Indian Institute of Petroleum and Energy (IIPE) at Visakhapatnam in Andhra Pradesh

Cabinet approves setting up of Indian Institute of Petroleum and Energy (IIPE) at Visakhapatnam in Andhra Pradesh

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for setting up of Indian Institute of Petroleum and Energy (IIPE) at Visakhapatnam in Andhra Pradesh as "an Institute of National Importance" through an Act of Parliament.

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Source: Team EnergyInfraPost

Cabinet approves the “Signing and Ratification of MoU for Establishment of the BIMSTEC Grid Interconnection”

Cabinet approves the “Signing and Ratification of MoU for Establishment of the BIMSTEC Grid Interconnection”

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal of the Ministry of Power for Signing of "Memorandum of Understanding for Establishment of the BIMSTEC Grid Interconnection".

Read more

Source: Team EnergyInfraPost

GAIL receives award for the fastest growing company in the Maharatna PSUs

GAIL receives award for the fastest growing company in the Maharatna PSUs

GAIL today received the award for fastest Public Sector Undertaking on Wednesday at a function organised In New Delhi.

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Source: Team EnergyInfraPost

Why India is creating an oil and gas behemoth

Why India is creating an oil and gas behemoth

Big plans are afoot for India’s sprawling hydrocarbons industry. Finance minister Arun Jaitley says the government aims to create an “integrated public sector oil major” to match the might of the international oil and gas giants.

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Source: Livemint

Oil minister Dharmendra Pradhan: Daily fuel price revision suggested by experts, not government

Oil minister Dharmendra Pradhan: Daily fuel price revision suggested by experts, not government

The proposed revision in retail fuel prices by the state-run oil marketing companies on a daily basis instead of fortnightly as of now is based on the recommendations of the experts and not on the orders of the government

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Source: Financial Express

BHP CEO Rejects Oil Spinoff for Third Time After Singer Demand

BHP CEO Rejects Oil Spinoff for Third Time After Singer Demand

The previous two times BHP Billiton boss Andrew Mackenzie ran his ruler over the company’s $29 billion oil unit he decided it was still a good fit for the world’s biggest miner

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Source: Bloomberg Quint

Petrol Pumps threaten Sunday shutdown from May 14, on weekdays may adopt 9-to-6 work schedule

Petrol Pumps threaten Sunday shutdown from May 14, on weekdays may adopt 9-to-6 work schedule

The Consortium of Indian Petroleum Dealers (CIPD) has asked all petrol pumps to remain shut on every Sunday from May 14 in order to provoke the government to take a quick decision on the increase of their commission

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Source: Financial Express

OPEC's war on oil overhang starts to bear fruit

OPEC's war on oil overhang starts to bear fruit

OPEC appears to be slowly winning the battle against a global overhang of crude and oil products as inventories in onshore and floating storage decline.

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Source: Business-Standard.com

Petrol-ethanol blending programme faces supply hurdle

Petrol-ethanol blending programme faces supply hurdle

The petrol-ethanol blending programme faces an acute shortage due to a deficient sugarcane output and withdrawal of the excise duty exemption by the government.

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Source: Business-Standard.com

The merger with Cairn India to help us have a strong balance sheet: Anil Agarwal, Vedanta

The merger with Cairn India to help us have a strong balance sheet: Anil Agarwal, Vedanta

We filed with the ROC, we had board meetings, all the formalities are complete. This was expected. This is a fully diversified, integrated natural resource company out of India

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Source: Economictimes.indiatimes.com

Petrol, diesel prices to change daily: How it will affect you

Petrol, diesel prices to change daily: How it will affect you

Oil marketing companies are planning to put in place a mechanism under which fuel prices (petrol and diesel) will be aligned to international crude oil prices on a daily basis.

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Source: Businesstoday.in

Reliance Industries to start coal-bed gas sales in May as prices freed

Reliance Industries to start coal-bed gas sales in May as prices freed

Billionaire Mukesh Ambani-owned Reliance Industries Ltd will start selling coal-bed methane from its central India block next month after the government allowed producers freedom to set prices, people with knowledge of the matter said.

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Source: Financial Express

Sri Lanka, India to jointly run Trincomalee oil facility: Minister Chandima Weerakkody

Sri Lanka, India to jointly run Trincomalee oil facility: Minister Chandima Weerakkody

India and Sri Lanka will jointly operate the oil storage facility at the strategic eastern port town of Trincomalee, Petroleum Minister Chandima Weerakkody said today.

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Source: The Economic Times (PTI)

Mega merger: A state oil conglomerate in the works to compete with global biggies

Mega merger: A state oil conglomerate in the works to compete with global biggies

The government plans to merge state oil companies to create an integrated oil major that could top $100 billion in market value and compete with global oil biggies.

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Source: The Economic Times

INFRASTRUCTURE

Essar Shipping Ltd’s cargo handling grows by 22% in FY17

Essar Shipping Ltd’s cargo handling grows by 22% in FY17

Essar Shipping Ltd (ESL) today reported strong operational performance with a 22% growth in cargo handling in FY2016-17.

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Source: Team EnergyInfraPost

Suresh Prabhu launches digital contract system

Suresh Prabhu launches digital contract system

Aiming to bring transparency in procurement of materials, Railway Minister Suresh Prabhu on Tuesday launched the digital contract system for national transporter.

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Source: Deccanherald.com

Delhi: Government plans elevated parallel highway to Indira Gandhi International Airport

Delhi: Government plans elevated parallel highway to Indira Gandhi International Airport

The Centre is considering a proposal to construct an elevated parallel highway and a tunnel from Haryana side connecting with the Indira Gandhi International Airport to ease traffic woes, Union Minister Nitin Gadkari said today

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Source: The Financial Express (PTI)

Focusing on port-led development; aiming for international standards: Nitin Gadkari

Focusing on port-led development; aiming for international standards: Nitin Gadkari

The government is focused on port-led developments and the target is to make Indian ports at par with international standards, is the word coming in from the Road and Transport Minister Nitin Gadkari.

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Source: Moneycontrol.com

Cabinet clears listing of 11 PSUs

Cabinet clears listing of 11 PSUs

The Cabinet Committee on Economic Affairs on Wednesday approved the listing of 11 public sector undertakings, including five railway subsidiaries — Ircon International, Indian Railway Catering and Tourism Corporation (IRCTC), Rail Vikas Nigam, Indian Railway Finance Corporation (IRFC) and RITES Ltd.

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Source: Business-Standard.com

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