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​GOOD MORNING INDIA!

November,21,2018,Wednesday

LATEST NEWS UPDATES FROM ENERGYINFRAPOST.COM

POWER/COAL/MINES/RE

Railways eyes Rewa-type solar plant with MP

Railways eyes Rewa-type solar plant with MP

The Rewa Ultra Mega Solar (RUMS) park could turn out to be a game-changer in renewable energy in India. Soon after bids were cleared for the 750MW project

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Source: ET Energy World

Hindustan Zinc Q4 net profit rises 42% to Rs 3,057 crore

Hindustan Zinc Q4 net profit rises 42% to Rs 3,057 crore

Vedanta Group firm Hindustan Zinc (HZL) on Thursday posted a 42.3 jump in net profit to Rs 3,056.96 crore for the quarter ended March 31, 2017, on the back of higher production and sale of mined metal.

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Source: Business-standard PTI

'Linking revenue share to CIL price may make coal dearer'

'Linking revenue share to CIL price may make coal dearer'

Concerned over linking the revenue sharing model to notified price of the state-owned CIL, private miners fear that it may jack up fuel prices.

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Source: Moneycontrol.com

Capt meets Modi, seeks nod to sell power to Pak, Nepal

Capt meets Modi, seeks nod to sell power to Pak, Nepal

Punjab Chief Minister Capt Amarinder Singh on Thursday sought Prime Minister Narendra Modi's intervention to allow the Punjab government to sell surplus power to Pakistan or Nepal in the financial interest of the cash-strapped state.

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Source: Tribuneindia.com

Senvion unveils India playbook

Senvion unveils India playbook

Senvion has launched four 2MW turbines in India that will be available for installation later this year. The German manufacturer said the 2.4M110, 2.4M114, 2.3M120 as well as a 2.3MW model with 124 metre and 110 metre rotors are now on the market in the country.

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Source: Renews Biz

Shipping firms to benefit from rising iron ore exports to China

Shipping firms to benefit from rising iron ore exports to China

Domestic shipping companies have a reason to cheer as iron ore exports to China witness a surge. With the overall trade scenario in terms of volumes and freight rates

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Source: Business-Standard.com

Drought, rising costs and the quest for clean technology is rapidly driving India away from coal

Drought, rising costs and the quest for clean technology is rapidly driving India away from coal

The mammoth coal-fired Cheyyur electrical station was first imagined by bankers at India’s Power Finance Corporation and senior engineers across town at the Central Electric Authority

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Source: Scroll.in

'Amendments to Mega Power Policy 2009 gives breather to banks'

'Amendments to Mega Power Policy 2009 gives breather to banks'

The extension by five years for complying with the Mega Power Policy 2009 norms will reduce contingent liabilities and free up banking limits to 25 mega power projects, thus granting them a fresh lease of life, says a report

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Source: ET Energy World

Isro plans to mine energy from Moon by 2030 to help meet India needs

Isro plans to mine energy from Moon by 2030 to help meet India needs

From launching 104 satellites at one go, enabling commercial roll out of lithium-ion batteries, to taking the lead in providing energy security, the Indian Space Research Organization (Isro) is firing on all cylinders.

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Source: Livemint

'Grade fall to dent CIL's FSA prospect'

'Grade fall to dent CIL's FSA prospect'

The recent grade downgrades at Coal India’s mines could hit its realisation from fuel supply agreement (FSA) by 3-5% and estimated earnings for the current fiscal year by 11-16%, according to a note released on Wednesday by research analyst firm Jefferies India

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Source: ET Energy World

Rural Electrification eyes Rs10,000 crore renewables lending push

Rural Electrification eyes Rs10,000 crore renewables lending push

Rural Electrification Corp. (REC), a state-owned backer of India’s power sector, plans to lend billions of rupees to clean-energy projects and equipment makers this fiscal year as part of an expanded push into renewables that will also see it issue green bonds overseas.

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Source: Livemint

OIL AND GAS

Dahej petrochemical unit

With PX Phase 2 commissioned, RIL to emerge as the second largest producer of Para-xylene (PX) in the world

Set to commission one of the largest and integrated Ethylene cracker in the world

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Source: Team EnergyInfraPost

Global Crude oil price of Indian Basket was US$ 53.24 per bbl on 19.04.2017

Global Crude oil price of Indian Basket was US$ 53.24 per bbl on 19.04.2017

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$ 53.24 per barrel (bbl) on 19.04.2017

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Source: Team EnergyInfraPost

PNG Minister Dharmendra Pradhan inaugurates 21st Refinery Technology Meet at Vaisakhapatnam

PNG Minister Dharmendra Pradhan inaugurates 21st Refinery Technology Meet at Vaisakhapatnam

Refinery Technology Meet (RTM), one of the most prominent technical conferences pertaining to refining sector in the country, is being periodically organized by Centre for High Technology (CHT) under the aegis of MOP&NG and attended by luminaries from Oil industry.

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Source: Orissa Diary

I-T seeks Rs 30,700-crore penalty from Cairn for non-payment of tax

I-T seeks Rs 30,700-crore penalty from Cairn for non-payment of tax

The Income Tax Department has slapped a fresh notice on British firm Cairn Energy, seeking up to Rs 30,700 crore in penalties for its alleged failure to pay Rs 10,247 crore capital gains tax on time.

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Source: The Economic Times

OPEC Gets a Surprise After Oil Cuts: Higher Stockpiles

OPEC Gets a Surprise After Oil Cuts: Higher Stockpiles

When OPEC and Russia meet next month to assess the impact of their oil cuts they face a surprising outcome: stockpiles are even higher than when they started

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Source: Bloomberg Quint

India Said to Woo Aramco for 50% OPaL Sale as Kuwait Talks Stall

India Said to Woo Aramco for 50% OPaL Sale as Kuwait Talks Stall

India’s newest petrochemicals maker is seeking to sell half its $4.6 billion facility to Saudi Arabian Oil Co., according to people with knowledge of the matter.

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Source: Bloomberg Quint

ONGC reclaims most-valued PSU firm status; topples SBI

ONGC reclaims most-valued PSU firm status; topples SBI

Energy behemoth ONGC today surged past State Bank of India to reclaim the status of the most- valued PSU by market valuation

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Source: ET Energy World

Gurugram unhappy about no-fuel Sundays, wants eco-friendly transport instead

Gurugram unhappy about no-fuel Sundays, wants eco-friendly transport instead

Commuters and petrol pump owners in Gurugram are both unhappy with the suggestion to keep petrol pumps shut on Sundays, even though some of the nationwide petrol pump dealers’ bodies have announced they will support the move, following PM Narendra Modi’s call to conserve fuel

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Source: ET Energy World

BS-VI compliance involves huge investment

BS-VI compliance involves huge investment

Oil companies have invested nearly $14 billion to upgrade facilities and help implement Bharat Stage IV (BS-IV) , according to Union Minister of State for Petroleum and Natural Gas Dharmendra Pradhan.

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Source: Thehindubusinessline

India's crude oil demand to grow by 5% per year till 2020: Study

India's crude oil demand to grow by 5% per year till 2020: Study

At a time when India is trying to cut its oil import by 10%, a study by S&P Global Platts today stated that India’s crude oil demand is expected to go at a compound annual growth rate of 5% per year till 2020.

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Source: Business-Standard.com

India to double its refining capacity: Petroleum Minister Dharmendra Pradhan

India to double its refining capacity: Petroleum Minister Dharmendra Pradhan

Union Petroleum Minister Dharmendra Pradhan today said the country will augment its refining capacity to 600 million metric tonnes from the present 230 million metric tones to meet the growing demand.

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Source: The Economic Times (PTI)

INFRASTRUCTURE

Adani Logistics commissions multimodal logistics park in Punjab and dedicates it to the nation

Adani Logistics commissions multimodal logistics park in Punjab and dedicates it to the nation

Adani Logistics Ltd., a subsidiary of Adani Ports and Special Economic Zone Limited (APSEZ) and part of Adani Group, a global integrated infrastructure player,

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Source: Team EnergyInfraPost

ABB India CIO Balasundar Natarajan on realigning the organisation with group's global model

ABB India CIO Balasundar Natarajan on realigning the organisation with group's global model

ABB India is part of a Swedish-Swiss multinational ABB Group a major technology player in the industrial automation and manufacturing space.

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Source: The Economic Times

BJP leaders meet Suresh Prabhu, seek more trains for North Indian states

BJP leaders meet Suresh Prabhu, seek more trains for North Indian states

A group of Mumbai BJP leaders met Railway Minister Suresh Prabhu and demanded that more trains be launched between cities in Maharashtra and North Indian states, especially during the summer season.

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Source: Moneycontrol.com

Govt eases norms for states to fund infrastructure projects

Govt eases norms for states to fund infrastructure projects

In a move that will potentially improve India’s infrastructure funding options, the cabinet on Wednesday allowed state government entities to directly tap bilateral agencies for resources

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Source: Livemint

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