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November,21,2018,Wednesday

LATEST NEWS UPDATES FROM ENERGYINFRAPOST.COM

POWER/COAL/MINES/RE

NTPC power generation cost drops 39.5 paise to below Rs 2/unit

NTPC power generation cost drops 39.5 paise to below Rs 2/unit

The state-owned NTPC has managed to bring down its cost of electricity generation by an average 39.5 paise while for the Mauda project, it was a decline of Rs 1.65 per unit, mainly because of improvement in coal quality and supply.

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Source: The Economic Times

SC's compensatory tariff order strengthens CERC powers

SC's compensatory tariff order strengthens CERC powers

The Supreme Court (SC) recently ruled against any compensatory rates for suppliers of electricity (using imported coal) due to any change in international regulations.

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Source: Business-Standard.com

JA Solar sells 1,000 mw modules in India

JA Solar sells 1,000 mw modules in India

Chinese solar major, JA Solar Holdings has exported solar modules with a total capacity of 1,000 mw into India

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Source: The Economic Times

Coal India's

Coal India's 177 mines downgraded, power firms to benefit

Thermal power companies including NTPC, the biggest of the lot, would be paying less for their coal requirement this month onwards as the Coal Controller, after a mammoth exercise, has reassessed and downgraded quality of about 177 coal mines across the country, sources said.

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Source: Dnaindia.com

solar-india

New bids show promise of solar power in India

THE world already has an installed base of about 300 GW, led by USA, China and Germany. But it is appropriate that India, most of it endowed with more than 300 days of sunshine, takes a leadership role in solar power

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Source:Freepressjournal.in

Teesta

Teesta: India, Bangladesh fighting over a trickle

A report prepared by the West Bengal government indicates that India and Bangladesh may not be fighting over anything substantial as they try to end the impasse over sharing Teesta waters.

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Source: ET Energy World

Pakistan

India holds back on talks with Pakistan water secretary

India has put on hold a World Bank-facilitated initiative for water secretary-level talks with Pakistan in Washington, owing to differences of opinion on techical issues of Indus River hydel projects.

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Source: ET Energy World

No plans to buy coal mines overseas: NLC India CMD

No plans to buy coal mines overseas: NLC India CMD

NLC India Ltd has no plans to acquire coal mines overseas as the three blocks alloted to it by the government were sufficient to meet fuel requirement of its power plants, a top company official said.

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Source: Thehindubusinessline

Hindustan Zinc likely to report over 30% profit growth on higher volumes, better pricing

Hindustan Zinc likely to report over 30% profit growth on higher volumes, better pricing

Mining major Hindustan Zinc is geared up to report its fourth quarter results on Thursday. Analysts expect the company to report in excess of 30 per cent growth in Q4 profit on a 70-100 per cent jump in revenue, thanks to a spurt in volumes and metal prices

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Source: The Economic Times

Government’s coal reforms begin to pay off, reduce power costs

Government’s coal reforms begin to pay off, reduce power costs

Coal sector reforms initiated by the Narendra Modi government are beginning to pay. Initiatives to improve coal quality and efficiency in the supply chain have brought down the cost of power from coal-fired plants in spite of revisions in coal prices, central cess and railway freight in the last three years.

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Source: The Economic Times

BHEL commissions two 270 MW Thermal Units in Maharashtra

BHEL commissions two 270 MW Thermal Units in Maharashtra

Bharat Heavy Electricals Limited (BHEL) has successfully commissioned two units of 270 MW at RattanIndia Nasik Power Limited’s 5×270 MW thermal power project, located at Sinnar in Nasik District of Maharashtra

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Source: Team EnergyInfraPost

OIL AND GAS

Geopolitical uncertainties to guide crude oil market in near term

Geopolitical uncertainties to guide crude oil market in near term

Oil prices extended gains for a third straight week on geo-political tensions coupled with slightly supportive Opec and IEA monthly reports.

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Source: The Economic Times

HPCL calls for emergency board meet to clear Barmer's new fiscal package

HPCL calls for emergency board meet to clear Barmer's new fiscal package

The much-awaited Rs 42,000-crore Barmer refinery in Rajasthan by state-run Hindustan Petroleum Corporation Ltd (HPCL) may get a fresh lease,

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Source: Business-Standard.com

Crude Slips Below $53 as U.S. Drilling Surge Stokes Output Fears

Crude Slips Below $53 as U.S. Drilling Surge Stokes Output Fears

Oil declined below $53 a barrel as the U.S. continued to ramp up drilling, stoking concern that the nation’s surge in output this year will offset OPEC-led efforts to cut a global supply surplus.

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Source: Bloomberg Quint

Use of kerosene, diesel falls, LPG consumption rises on clean energy drive

Use of kerosene, diesel falls, LPG consumption rises on clean energy drive

India’s fossil fuel consumption trend is suggesting a shift away from inefficient and highly polluting use of hydrocarbons, as a result of efforts to move towards a less-carbon-intensive economy

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Source: Livemint

Pact on crude oil import to Paradip port signed in City

Pact on crude oil import to Paradip port signed in City

Three public sector undertakings of the Central Government on Sunday signed a Memorandum of Understanding (MoU) for import of crude oil through Paradip Port for the proposed refinery expansion of Numaligarh Refinery Limited (NRL) in Assam from three million tonne per annum (MTPA) to nine MTPA

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Source: Newindianexpress.com

Is India ready for the U.S. LNG trade?

Is India ready for the U.S. LNG trade?

The U.S. is expected to become a net exporter of natural gas in a period between 2017 and 2018. The growth of domestic natural gas production in the U.S. is pushing it for speedy development of its liquefied natural gas (LNG) export terminal

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Source: Team EnergyInfraPost

Global Crude oil price of Indian Basket was US$ 54.59 per bbl on 14.04.2017

Global Crude oil price of Indian Basket was US$ 54.59 per bbl on 14.04.2017

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$ 54.59 per barrel (bbl) on 14.04.2017

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Source: Team EnergyInfraPost

Good news for crude oil market: Opec finally has an upper hand on US shale

Good news for crude oil market: Opec finally has an upper hand on US shale

Opec is finally making some headway in its race against the tide of surging US supplies, and speculators are giving the group greater credence.

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Source: ET Energy World

Cairn India, partners set to invest Rs 3,240 crore in Ravva Field

Cairn India, partners set to invest Rs 3,240 crore in Ravva Field

Cairn India Limited along with its partners is set to invest Rs 3,240 crore in the Ravva Fields in the Krishna-Godavari Basin, to undertake 20 Developmental Wells

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Source: The Economic Times

Govt plans stake sale worth Rs 34,000 cr in IOC, SAIL, five other PSUs

Govt plans stake sale worth Rs 34,000 cr in IOC, SAIL, five other PSUs

Kick-starting the process of selling minority stake in seven PSUs including bluechips like IOC, SAIL and NTPC, which have the potential to collectively raise over Rs 34,000 crore, the government has begun scouting for merchant bankers.

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Source: Business-Standard.com

INFRASTRUCTURE

Railways back in black on non-fare revenue

Railways back in black on non-fare revenue

The loss-making Indian Railways is back in the black, with railway minister Suresh Prabhu’s bet on non-fare revenue from right of way charges, reimbursements for strategic lines, advertising, land monetization, catering and parking paying off.

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Source: Livemint

Railways to export locomotives, train sets worth Rs 680 crore to Sri Lanka

Indian Railways to export modern locomotives worth Rs 680 cr to Sri Lanka

Indian Railways will supply modern locomotives and train sets worth Rs 680 crore to Sri Lanka, in the largest export order for the public transporter.

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Source: The Economic Times

Russian President Putin confirms to attend Beijing's Belt and Road Forum

Russian President Putin confirms to attend Beijing's Belt and Road Forum

Russian President Vladimir Putin said here on Thursday that he is glad to attend the Belt and Road Forum for international cooperation to be held in Beijing on May 14-15.

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Source: En People

Reliance Infra to revisit Sebi with InvIT proposal to raise Rs 3 K cr

Reliance Infra to revisit Sebi with InvIT proposal to raise Rs 3 K cr

Reliance Infrastructure (RInfra) will reapproach the Securities and Exchange Board of India (Sebi) for its Infrastructure Investment Trust (InvIT) within a week, in order to raise Rs 3,000 crore in May

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Source: Dnaindia.com

Not just rupee, infrastructure key to boost exports: Sitharaman

Not just rupee, infrastructure key to boost exports: Sitharaman

Signalling a shift in government policy, commerce and industry minister Nirmala Sitharaman has implicitly backed a stronger rupee and said export competitiveness is not just linked to the currency but better infrastructure and logistics, which are the government's focus areas.

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Source: The Times Of India

PM Narendra Modi calls for big leap on road to development

PM Narendra Modi calls for big leap on road to development

Prime Minister Narendra Modi called on central ministers and the Bharatiya Janata Party national executive to take a big leap forward in delivering on the promises of the government and party as the pace of achievements in the last three years needed to pick up although his administration had performed better than previous regimes

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Source: Economictimes.indiatimes.com

Vistadome, India's First Train With Glass Ceiling, LED Lights And Rotable Seats Launched Today

Vistadome, India's First Train With Glass Ceiling, LED Lights And Rotable Seats Launched Today

With Suresh Prabhu's countless accomplishments in a bid to make Indian Railways the marvel that it has become now, there's hardly any room for us to ask for anything.

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Source: India Times

PM Narendra Modi may step in to resolve wrangling on NITI Aayog's proposed National Energy Policy

PM Narendra Modi may step in to resolve wrangling on NITI Aayog's proposed National Energy Policy

Prime Minister Narendra Modi is likely to intervene to resolve an inter-ministerial wrangling over NITI Aayog's proposed National Energy Policy to roll out the long-overdue power sector reforms.

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Source: The Economic Times

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