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November,16,2018,Friday

LATEST NEWS UPDATES FROM ENERGYINFRAPOST.COM

EDITOR'S PICK

VIP culture of beacon lights to end from May 1: Nitin Gadkari

VIP culture of beacon lights to end from May 1: Nitin Gadkari

Seeking to end VIP culture, the Union Cabinet today decided that beacon light will be removed from all vehicles, including that of Prime Minister, from May 1

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Source: Moneycontrol.com

Reliance commissions world’s largest and most complex Ethane Project in record time

Reliance commissions world’s largest and most complex Ethane Project in record time

India's largest private company, Reliance Industries Ltd on Wednesday announced the completion of its Ethane Project.

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Source: Team EnergyInfraPost

POWER/COAL/MINES/RE

Suzlon Group installs and commissions 100.80MW windpower projects in India

Suzlon Group installs and commissions 100.80MW windpower projects in India

Renewable energy solution provider Suzlon Group has installed and commissioned two new windpower projects with a total installed capacity of 100.80MW in India.

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Source: Power-technology

Nashik

Waste to energy conversion to start within two weeks in Nashik

Waste to energy conversion at Nashik Municipal Corporation's (NMC) municipal solid waste management (MSW) plant is expected to start within two weeks.

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Source: ET Energy World

Power sector sees coal supply from CIL rising to 420MT in FY17

Power sector sees coal supply from CIL rising to 420MT in FY17

The supply of coal by state-owned Coal India to power sector increased by 1.3 per cent to 420.2 million tonnes (MT) in 2016-17

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Source: Moneycontrol.com

Why has India chosen to become a member of the International Energy Agency

Why has India chosen to become a member of the International Energy Agency

At the November 2015 launch of the special edition of the International Energy Agency’s (IEA) World Energy Outlook series on the Indian energy sector, the Agency’s executive director, Dr. Fatih Birol, had noted that “We can’t talk about the future of the global energy markets without talking with India

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Source: IDSA

renewable

In 10 yrs, renewable sources will dominate half of India's energy capacity

Non-fossil fuels–renewables, nuclear and large hydroelectric power plants–will account for more than half (56.5%) of India’s installed power capacity within the 10 years to 2027, according to a draft of the third National Electricity Plan (NEP3) released in December 2016

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Source: Business-Standard.com

Gamesa commissions 2,050 MW wind power capacity in current fiscal

Gamesa commissions 2,050 MW wind power capacity in current fiscal

Renewable energy firm Gamesa today said it has commissioned wind power generation capacity of 2050 mw in 2016 17 financial year.

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Source: ET Energy World

SoftBank’s energy unit announces two new solar projects in Japan

SoftBank’s energy unit announces two new solar projects in Japan

Shares in SoftBank rose after the conglomerate’s energy unit announced a partnership that will see the development and operation of two new large-scale solar projects in Japan

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Source: ft

Freyr Energy mulls fund raising to fuel expansion

Freyr Energy mulls fund raising to fuel expansion

Renewable energy start up Freyr Energy is in the process of finalising plans to raise funds to fuel its expansion and next phase of growth covering opex model projects.

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Source:Thehindubusinessline.com

In 10 years, half of India's energy capacity will be from non-fossil fuel sources

In 10 years, half of India's energy capacity will be from non-fossil fuel sources

Non-fossil fuels -- renewables, nuclear and large hydroelectric power plants -- will account for more than half (56.5 per cent) of India's installed power capacity by 2027, according to a draft of the third National Electricity Plan (NEP3).

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Source: The Economic Times

Government halves the size and financial aid for its largest-ever rooftop solar project

Government halves the size and financial aid for its largest-ever rooftop solar project

The renewable energy ministry has halved the size of its largest-ever rooftop solar tender and also cut the financial assistance offered for it.

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Source: The Economic Times

NTPC weighs pooling of fixed charges for coal & gas projects

NTPC weighs pooling of fixed charges for coal & gas projects

India’s largest power producer NTPC Ltd is considering pooling fixed charges for all its coal and gas-based projects in a move that it claims will help maximise output from stations that generate low-cost electricity and reduce consumer tariffs.

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Source: The Economic Times

NTPC joint venture to cut power supply to 3 states over pending dues

NTPC joint venture to cut power supply to 3 states over pending dues

A joint venture of state-run NTPC has decided to snap power supply to three states of Tamil Nadu, Karnataka and Telangana from its Vallure thermal station over non-payment of dues of Rs 1,388 crore.

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Source: The Economic Times

OIL AND GAS

Global Crude oil price of Indian Basket was US$ 53.50 per bbl on 18.04.2017

Global Crude oil price of Indian Basket was US$ 53.50 per bbl on 18.04.2017

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$ 53.50 per barrel (bbl) on 18.04.2017

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Source: Team EnergyInfraPost

Oil ministry criticises petrol pumps' plan to be closed on Sundays

Oil ministry criticises petrol pumps' plan to be closed on Sundays

In what may trigger a fresh battle between petrol pump owners and the government, the ministry of petroleum and natural gas today distanced itself and criticised the move by a section of petroleum dealers to shut their retail outlets every Sunday starting May 14.

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Source: Business-Standard.com

Revised refinery MoU to save Rajasthan from losses: Dharmendra Pradhan

Revised refinery MoU to save Rajasthan from losses: Dharmendra Pradhan

The revised MoU signed by HPCL with Rajasthan for the Barmer refinery will save the state from large financial loss that could been suffered under the old "faulty" decision, Oil Minister Dharmendra Pradhan said

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Source: Moneycontrol.com

Indian Oil, L&T, NFL win national safety awards for 2016

Indian Oil, L&T, NFL win national safety awards for 2016

Indian Oil, National Fertilizers,  and Godrej & Boyce are among those that have won the top National Safety Council (NSC) award Sarva Shreshtha Suraksha Puraskar for 2016

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Source: Moneycontrol.com

Oil stable as OPEC says it is committed to rebalance markets

Oil stable as OPEC says it is committed to rebalance markets

Oil prices were stable on Wednesday as OPEC said it was committed to draw down a global supply overhang that has dogged markets since 2014, although bloated US output and inventories still weighed on crude

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Source: Thehindubusinessline

pumps

Don't see any hit on profits even if petrol pumps are closed on Sunday: BPCL

Oil marketing companies (OMC) plan to revise petrol and diesel prices daily in five cities from May 1 and going forward a nationwide rollout is expected. Also in five states, on Sundays, petrol pumps will be closed.

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Source: Moneycontrol.com

Essential Commodities Act

Petrol pump shutdown on Sundays: Govt can invoke Essential Commodities Act

The government can invoke Essential Commodities Act (ECA) over the decision by the Consortium of Indian petroleum dealers of shutting down the petrol pumps across eight states from May 14

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Source: Businesstoday.in

Sunday off for petrol pumps could invoke ECA: Government

Sunday off for petrol pumps could invoke ECA: Government

The threat by petroleum dealers to shut down pumps on Sundays will be dealt with according to measures necessary to maintain supplies of essential commodities, the Centre said on Wednesday.

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Source: The Economic Times (PTI)

Despite Fears, China Remains A Bullish Force For Oil

Despite Fears, China Remains A Bullish Force For Oil

China is still one of the most important countries contributing to oil market bullishness, despite its slowing economy.

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Source: oilprice.com

Gehlot hits out at Pradhan, Raje over ‘half truths’ on refinery, says 4-yr-delay led to massive loss

Gehlot hits out at Pradhan, Raje over ‘half truths’ on refinery, says 4-yr-delay led to massive loss

By delaying the Barmer refinery project by four years, the state has suffered revenue loss, job loss and business loss, which together combined is much more than ₹40,000 crore that the BJP government in Rajasthan claims to have saved by inking a fresh deal with HPCL, former chief minister Ashok Gehlot said Wednesday.

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Source: Hindustan Times

INFRASTRUCTURE

Sri Lanka to offer India port development to balance out China

Sri Lanka to offer India port development to balance out China

Sri Lanka may find it difficult to wriggle out of China's clutches because of the massive debt it owes to Beijing but to balance things out.

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Source: The Economic Times

Railway Minister Suresh Prabhu promises integrated public transport this year

Railway Minister Suresh Prabhu promises integrated public transport this year

It would appear that the government is starting to commit to the seamless integration of public transport and to that end, Railway minister Suresh Prabhu said that they are working with the MMRDA to implement within six months, a way to integrate the Metro rail with the suburban local system

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Source: Mid-day

NALCO gets green nod for Rs 4,000 cr expansion project

NALCO gets green nod for Rs 4,000 cr expansion project

State-run National Aluminium Company Limited (NALCO) has received green nod for its third phase expansion of the alumina refinery complex in Koratpur district, Odisha at a cost of Rs 4,357.20 crore.

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Source: Thehindubusinessline

Mumbai’s commute to get cooler: First of 67 AC trains likely by 2020

Mumbai’s commute to get cooler: First of 67 AC trains likely by 2020

In a major decision, the state government and ministry of railways decided to buy 47 air-conditioned (AC) locals under the third phase of the Mumbai Urban Transport Project (MUTP-III), on Tuesday. Under this project, the city will get 20 more AC trains

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Source: The Hindustan Times

Technology is solution to all problems, says Railway Minister Suresh Prabhu

Technology is solution to all problems, says Railway Minister Suresh Prabhu

Railway Minister Suresh Prabhu today advocated for the use of cutting edge technology in the transportation sector, stressing that technology is the solution of every problem.

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Source: Financial Express

Essar Projects says orderbook worth Rs 8,000 crore; government spend to drive growth

Essar Projects says orderbook worth Rs 8,000 crore; government spend to drive growth

Engineering and construction company Essar Projects India has an orderbook worth Rs 8,000 crore and the company expects big opportunities coming out of the government’s thrust on infrastructure, the Essar group company said in a statement Wednesday.

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Source: The Economic Times

Fiscal clamp loosens for major state infra projects

Fiscal clamp loosens for major state infra projects

The Union Cabinet has approved new rules to allow financially sound state government entities to borrow directly from other countries which give Official Development Assistance (ODA) for major infrastructure projects.

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Source: Business-Standard.com

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