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November,21,2018,Wednesday

LATEST NEWS UPDATES FROM ENERGYINFRAPOST

POWER/COAL/MINES/RE

Energy Minister Piyush Goyal: Yogi Adityanath eager to bring electricity to UP villages

Energy Minister Piyush Goyal: Yogi Adityanath eager to bring electricity to UP villages

Newly elected Uttar Pradesh chief minister Yogi Adityanath is working on a war footing to get every household electrified in the country's most populous state, union minister for power Piyush Goyal said on Wednesday.

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Source: Indiatoday

environment

Rajyavardhan Singh Rathore pushes for green India, says govt focused on expanding renewable energy

While India's young population is hungry to consume and manufacture more commodities and power, we also have a duty to protect the environment, Union Minister of State for Information and Broadcasting Rajyavardhan Singh Rathore said on Wednesday.

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Source: Indiatoday

Solar Power tariff hits all time low of Rs 3.15 per unit at NTPC auction

Solar Power tariff hits all time low of Rs 3.15 per unit at NTPC auction

In what has come as a shot in the arm for the Prime Minister Narendra Modi’s vision of providing 175 GW of power through renewable sources by 2022

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Source: Team EnergyInfraPost

Centre plans to auction six coking coal mines

Centre plans to auction six coking coal mines

The Centre plans to auction six coking coal blocks, a move that may help in augmenting the supply of the fuel used for steel-making, to cater to growing demand.

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Source: Moneycontrol.com PTI

Reliance Power Q4 profit jumps on lower tax expense

Reliance Power Q4 profit jumps on lower tax expense

Reliance Power Ltd posted more than a three-fold increase in March quarter consolidated profit, helped by a 40% fall in tax expenses during the period.

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Source: Livemint

Stakeholder consultations on commercial coal mining are going on: Susheel Kumar, Secretary, Ministry of Coal

Stakeholder consultations on commercial coal mining are going on: Susheel Kumar, Secretary, Ministry of Coal

In an exclusive chat with ET Now, Susheel Kumar, Secretary, Ministry of Coal speaks about what's ailing the coal demand, production targets missed & other future strategies.

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Source: ET Energy World

Adani Power may have to write-off Rs 3,500 crore after Supreme Court order

Adani Power may have to write-off Rs 3,500 crore after Supreme Court order

Adani Power, which has recognised about Rs 4,400 crore as compensatory tariff (CT) up to December 2016 as part of revenues from its Mundra project, may have to reverse or write off about 80 per cent of this.

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Source: Business Standard

Bharat Heavy

BHEL commences operation of second 800MW coal-based unit in Karnataka, India

India-based company Bharat Heavy Electricals (BHEL) has begun commercial operation of its second 800MW supercritical unit at 2x800MW Yeramarus Thermal Power Station (TPS) in Karnataka, India.

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Source: Power-technology

India solar transactions top global fund raise of $3.2 billion so far in 2017: report

India solar transactions top global fund raise of $3.2 billion so far in 2017: report

Indian renewable energy companies have raised over $1.62 billion during the first quarter of 2017 in transactions ranging from venture capital (VC) funding

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Source: Livemint

Govt. hopes to auction coal blocks for commercial mining by December-end

Govt. hopes to auction coal blocks for commercial mining by December-end

India aims to auction coal blocks for commercial mining by December-end, coal secretary Susheel Kumar told television channel ET NOW on Thursday, a move that would end monopoly of State-run firms in coal mining.

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Source: The Hindu

Allies of Australian Opposition leader support Adani project: Report

Allies of Australian Opposition leader support Adani project: Report

Political allies of Australian Opposition leader Bill Shorten, who has been opposing the 21.7 billion dollar Adani Coal and Mine project, today expressed strong support to the Indian mining giant's venture in Queensland.

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Source: ET Energy World

Bhopal: Hindustan Power solar project generates 62 million units

Bhopal: Hindustan Power solar project generates 62 million units

In the fiscal year 2016-17, the 25 MW solar plant of Hindustan Power in Neemuch generated a record 62 million units of clean energy.

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Source: freepressjournal

IDFC Alternatives in talks to acquire First Solar’s power assets in India

IDFC Alternatives in talks to acquire First Solar’s power assets in India

IDFC Alternatives, the asset management arm of the infrastructure-focused lender, is in talks to buy First Solar’s 200 megawatts (MW) of renewable power assets in India in a deal potentially valued at around $200 million, two people aware of the development said.

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Source: Dealstreet Asia

After Supreme Court order, Adani Power faces write-offs, restating accounts

After Supreme Court order, Adani Power faces write-offs, restating accounts

Adani Power faces write-offs, restating accounts and restructuring its power assets after the Supreme Court disallowed compensatory tariff for changes in international regulations.

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Source: Business Standard

Power distribution cos caught in debt trap as consumers oppose tariff hike

Power distribution cos caught in debt trap as consumers oppose tariff hike

Two months ago, Rajasthan rolled back a hike in power tariff on agricultural connections imposed in September last year. The hike had been opposed by both consumers as well as non-Bharatiya Janata Party (BJP) political parties.

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Source: Business Standard

Time ripe for exploration of India’s Natural Wealth - Piyush Goyal

Time ripe for exploration of India’s Natural Wealth - Piyush Goyal

Piyush Goyal, Minister of State with Independent Charge for Power, Coal, New and Renewable Energy and Mines on why the 7th largest nation only spends 0.4% on exploration of the total global exploration budget

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Source: Moneycontrol

With most opposed to power tariff hike, discoms caught in loss-debt trap

With most opposed to power tariff hike, discoms caught in loss-debt trap

Two months ago, Rajasthan rolled back a hike in power tariff on agricultural connections imposed in September last year. The hike had been opposed by both consumers as well as non-Bharatiya Janata Party (BJP) political parties.

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Source: The Economic Times

OIL AND GAS

Essar, Adani and JSW to build LNG terminals at ports

Essar, Adani and JSW to build LNG terminals at ports

Conglomerates in India now have a Rs 17,000-crore investment theme built around an industrial fuel: liquefied natural gas (LNG). The Essar, Adani and JSW Groups, among others, are setting up LNG terminals along India’s eastern and western water margins as natural extensions to the port infrastructure, reflecting the increasing demand for the gas as an alternative energy source in the …

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Source: The Economic Times

Government to provide purchase preference to local manufacturers/service providers for supply of goods and services in Oil and Gas Sector

Government to provide purchase preference to local manufacturers/service providers for supply of goods and services in Oil and Gas Sector

Team EnergyInfraPost  The Union Cabinet chaired by the Prime Minister Narendra Modi has approved signing of Framework of Understanding (FoU) on Cooperation in the Hydrocarbon Sector with Bangladesh, 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 and also approved the Policy to …

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Source: Team EnergyInfraPost

International Energy Agency says global oil market now close to balance

International Energy Agency says global oil market now close to balance

The global oil market is close to balance, after nearly three years of excess supply, as production cuts by top exporters offset a longer-term decline in demand in the richest nations, the International Energy Agency said on Thursday.

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Source: ET Energy World

Crude oil

Crude oil little changed amid rising US output, OPEC production cuts

Crude oil futures were largely unchanged on Thursday, with the market torn between rising US production and the output cuts being made by OPEC and other producers.

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Source: The Hindu Business Line

Trincomalee

‘Lanka, India to jointly run Trincomalee oil facility'

According to a report by a national news agency, India and Sri Lanka will be jointly operating the oil storage facility at the strategic eastern port town of Trincomalee,

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Source: India Info Line

To push Make in India, government asks oil PSUs to prefer vendors meeting local content targets

To push Make in India, government asks oil PSUs to prefer vendors meeting local content targets

The Cabinet has approved a policy that mandates state oil firms to prefer vendors meeting the local content targets in a move aimed at pushing 'Make in India' in the hydrocarbon sector.

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Source: The Economic Times

OIL raises $500 mn in overseas bonds to part repay bridge loan

OIL raises $500 mn in overseas bonds to part repay bridge loan

State-owned Oil India Ltd has raised USD 500 million through overseas bonds to pay for the bridge loan it had taken to acquire stake in Russian oilfields.

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Source: ET Energy World

Dharmendra Pradhan takes swipe at Arvind Kejriwal, says power should not be subsidised for rich

Dharmendra Pradhan takes swipe at Arvind Kejriwal, says power should not be subsidised for rich

Minister for petroleum and natural gas Dharmendra Pradhan took a swipe at the Arvind Kejriwal government on Wednesday, saying it believes in giving electricity at cheap prices even to the rich

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Source: Indiatoday

firms

Cabinet approves local purchase preference policy for oil firms

In a bid to promote manufacturing in India, the cabinet on Wednesday approved the domestic purchase preference policy for state-run oil firms that will allow domestic service or product providers to offer a higher bid and still be eligible for the contract.

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Source: India

India to finance 131 km Indo -Bangla Friendship pipeline

India to finance 131 km Indo -Bangla Friendship pipeline

Assam based Numaligarh Refinery Limited (NRL) and Bangladesh Petroleum Corporation (BPC) has signed a sale-purchase Agreement for supply of High Speed Diesel (HSD) through the proposed 131 km Indo-Bangla friendship pipeline

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Source: The Economic Times

India to build diesel, gas pipelines to Bangladesh

India to build diesel, gas pipelines to Bangladesh

India will build pipelines to carry diesel and natural gas to Bangladesh as the world's third largest energy consumer looks to strengthen ties with the neighbour.

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Source: The Economic Times

INFRASTRUCTURE

Railways roll out brand trains: Paytm, Savlon Express on tracks soon

Railways roll out brand trains: Paytm, Savlon Express on tracks soon

Paytm Express and Savlon Swachh Bharat Express will soon chug along the tracks as the Indian Railways roll out brand trains.

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Source: Financial Express

South Eastern Rly, Eastern Rly report increase in freight loading revenue

South Eastern Rly, Eastern Rly report increase in freight loading revenue

South Eastern Railway (SER) and the Eastern Railway (ER) divisions of the Indian Railways saw a near 7 per cent and 3 per cent increase in revenues from freight loading last fiscal.

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Source: The Hindu Business Line

Indian Railways

Indian Railways Outsources more Operations to Private Operators

Indian Railways has decided to outsource more of its non core operations to private operators.

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Source: News18

Smart City Summit : Govt’s inclination towards pvt cabs, Scania bus baffles auto rickshaw union

Smart City Summit : Govt’s inclination towards pvt cabs, Scania bus baffles auto rickshaw union

The NMC’s Smart City summit organised in Nagpur amid the presence of key politicial leaders like Union Minister Nitin Gadkari and Chief Minister Devendra Fadnavis has been drawing sharp criticism from the rational minds

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Source: Nagpur Today

Major ports may raise Rs 50,000 cr loans in US dollar: Nitin Gadkari

Major ports may raise Rs 50,000 cr loans in US dollar: Nitin Gadkari

India's 12 major ports, as well as some shipping entities, may raise loans amounting to Rs 50,000 crore in US dollars at nominal interest rates to provide a fillip to infrastructure, Union Minister Nitin Gadkari has said.

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Source: Business Standard

Railways working on 200 km per hour trains on Delhi-Chandigarh route

Railways will go ahead with the proposal for running trains at a speed of 200 kms an hour on the Delhi-Chandigarh roRailways ute with French technical help to reduce the travelling time to about two hours.

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Source: The Economic Times

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