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November,21,2018,Wednesday

LATEST NEWS UPDATES FROM ENERGYINFRAPOST.COM

EDITOR's PICK


India's growth projected to bounce back in 2018: IMF

India's growth projected to bounce back in 2018: IMF

The IMF on Friday said that post demonetisation, India's growth is projected to rebound to 7.2 per cent in fiscal year 2018 and further to 7.7 per cent the next year.

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Source: Business-Standard.com

Govt considering home delivery of fuels, against closure of pumps on Sunday

Govt considering home delivery of fuels, against closure of pumps on Sunday

The government is considering delivering petroleum products at consumers’ homes to cut long queues at fuel stations, oil minister Dharmendra Pradhan said on Friday.

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Source: The Hindustan Times

Family sues Indian Railways for not being able to use the train loo for 90 minutes, receives Rs 30000 as compensation

Family sues Indian Railways for not being able to use the train loo for 90 minutes, receives Rs 30000 as compensation

The Indian Railways have improved its services in the recent times, and the Suresh Prabhu led Railway ministry has made phenomenal changes in the system

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Source: India

POWER/COAL/MINES/RE

India Plans Auctions for 4 Gigawatts of Wind Power This FY

India Plans Auctions for 4 Gigawatts of Wind Power This FY

Prime Minister Narendra Modi’s government is seeking to step up the pace of auctioning power-purchase contracts for wind-energy plants, building on a contest that reaped record-low prices for solar farms earlier this month

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Source: Bloomberg Quint

Tata Power inks pact for electricity distribution in Ajmer

Tata Power inks pact for electricity distribution in Ajmer

Tata Power on Friday said it has signed an agreement with Ajmer Vidyut Vitran Nigam Ltd (AVVNL) for electricity distribution in Ajmer for 20 years

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Source: Livemint

Piyush Goyal to Inaugurate Manarchak Power Plant

Piyush Goyal to Inaugurate Manarchak Power Plant

Manarchak power plant in Sonamura subdivision of Tripura would be formally inaugurated by Union Power Minister Piyush Goyal. Goyal is scheduled to arrive here on May 29.

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Source: Northeast Today

Amarinder Singh seeks PM Modi's intervention to sell power to Pakistan

Amarinder Singh seeks PM Modi's intervention to sell power to Pakistan

Punjab Chief Minister Captain Amarinder Singh today sought Prime Minister Narendra Modi's support in allowing the state government to sell its "surplus power" to Pakistan or Nepal in the economic interest of the state which is facing a cash crunch

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Source: Moneycontrol.com

Move to renewable energy

Move to renewable energy

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: millenniumpost.in

Northern India can be a hub of renewable energy, says study

Northern India can be a hub of renewable energy, says study

Northern India, with the potential of about 363 GW of power, can emerge as the hub for renewable energy in the country, said a study released on Friday.

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Source: Livemint

Suzlon bags contract from ReNew Power for 100.80 MW wind power project

Suzlon bags contract from ReNew Power for 100.80 MW wind power project

The renewable energy solutions provider Suzlon Group has won a fifth successive order from ReNew Power Ventures Pvt Ltd for its 100.80 MW wind power project.

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Source: Business-Standard.com

OIL AND GAS

Global Crude oil price of Indian Basket was US$ 51.66 per bbl on 20.04.2017

Global Crude oil price of Indian Basket was US$ 51.66 per bbl on 20.04.2017

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$ 51.66 per barrel (bbl) on 20.04.2017.

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Source: Team EnergyInfraPost

Sequential improvement likely for RIL in March quarter

Sequential improvement likely for RIL in March quarter

For Mukesh Ambani's Reliance Industries (RIL), the March-ended quarter might prove sequentially better, on the back of refining and petrochemical segment performance, analysts say.

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Source: Business-Standard.com

RIL pips TCS to become most-valued Indian company, M-Cap at record high

RIL pips TCS to become most-valued Indian company, M-Cap at record high

Mukesh Ambani-led Reliance Industries on Friday regained its status as India's most valued firm by market capitalisation, overtaking Tata Group's crown jewel TCS.

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Source: Business-standard PTI

Reliance Commences Commercial Production Of Coal Bed Methane In Sohagpur

Reliance Commences Commercial Production Of Coal Bed Methane In Sohagpur

Reliance Industries Limited (RIL) commenced commercial production from its Coal Bed Methane (CBM) block SP(West)–CBM–2001/1 from 24th March 2017 and is currently supplying CBM for commissioning the Shahdol Phulpur Pipeline (SHPPL).

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Source: Team EnergyInfraPost

Expect Crude Oil prices to trade sideways today: Angel Commodities

Expect Crude Oil prices to trade sideways today: Angel Commodities

WTI oil prices declined marginally by 0.3 percent to close at $50.3 per barrel after a seesaw trading session, as investors weighed rising U.S. production against geopolitical uncertainties and comments from leading Gulf oil producers that an extension to OPEC-led supply cuts was likely

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Source: Moneycontrol.com

Falling Margins May Hurt Refiners; Explorers To Gain From Higher Crude Prices

Falling Margins May Hurt Refiners; Explorers To Gain From Higher Crude Prices

Falling margins may hurt oil refiners while a rise in crude prices is expected to help oil and gas explorers post better earnings in the January-March quarter of the financial year 2016-17.

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Source: Bloomberg Quint

Goldman Says Ignore the Technical, Savor the Fundamental on Oil

Goldman Says Ignore the Technical, Savor the Fundamental on Oil

Goldman Sachs Group Inc. says there’s no fundamental evidence in the oil market to justify this week’s selloff in prices

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Source: Bloomberg Quint

BP oil spill did $17.2 billion of damage to natural resources, claims study

BP oil spill did $17.2 billion of damage to natural resources, claims study

The 2010 BP oil spill caused damages worth $17.2 billion to the natural resources in the Gulf of Mexico, according to a new study released on the seventh anniversary of the largest oil spill in US history

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Source: ET Energy World

BS VI-compliant fuel by 2020, says Pradhan

BS VI-compliant fuel by 2020, says Pradhan

India would reduce automobile pollution drastically by producing Bharat Stage VI-compliant fuel and skipping BS V by 2020, Union Minister of State for Petroleum and Natural Gas Dharmendra Pradhan said here on Thursday

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Source: The Hindu

Modi did not endorse Sunday off for petrol pumps: Petroleum Ministry

Modi did not endorse Sunday off for petrol pumps: Petroleum Ministry

Petroleum Ministry while coming down heavily on petrol pump owners has slammed their decision to observe Sunday off under the pretext of answering Prime Minister Narendra Modi's call for oil conservation

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Source: Deccan Chronicle

PNG Minister Dharmendra Pradhan inaugurated Mega Driving Training Workshop at Visakhapatnam

PNG Minister Dharmendra Pradhan inaugurated Mega Driving Training Workshop at Visakhapatnam

Petroleum Conservation Research Association (PCRA) and Oil PSUs under the aegis of Ministry of Petroleum & Natural Gas organised a campaign to sensitize the masses about importance and advantages of fuel conservation and its effective utilization.

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Source: Orissa Diary

Petrol pump Sunday holiday: May 14 weekly closure rejected by majority fuel pump operators

Petrol pump Sunday holiday: May 14 weekly closure rejected by majority fuel pump operators

Major petrol pump operators, mostly in South India, have denounced their participation to keep petrol pumps closed on Sundays

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Source: India

INFRASTRUCTURE

Hyderabad-Aurangabad express derails near Bidar, no casualties reported

Hyderabad-Aurangabad express derails near Bidar, no casualties reported

In another incident of train mishap, the engine and two bogies of the Hyderabad-Aurangabad Express derailed in Karnataka near Bidar region.

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Source: Timesnow.tv

Unending wait for infra projects continues: Every 3 out of 10 projects delayed, some up to 21 years

Unending wait for infra projects continues: Every 3 out of 10 projects delayed, some up to 21 years

Nearly three out of 10 central infrastructure projects worth more than Rs 150 crore were running behind schedule, underlining the need for speedier procedural approvals, easier funds and quicker bureaucratic decision-making

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Source: Moneycontrol.com

Summer Vacations: 7 ways how Indian Railways is making your travel easier

Summer Vacations: 7 ways how Indian Railways is making your travel easier

As the Summer holidays have already begun in India and people are venturing out on vacations, Indian Railways with an aim to facilitate smooth travel to its commuters has announced several initiatives on Friday, Zee Business channel reported

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Source: zeebiz

Railway Minister Suresh Prabhu takes short halt at Jabalpur station

Railway Minister Suresh Prabhu takes short halt at Jabalpur station

Union Railway Minister, Suresh Prabhu, during his short visit to the city, stayed for a short while at Jabalpur station, on Thursday before leaving for Bandhavgarh National Park, Umaria

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Source: thehitavada

Nitin Gadkari lays foundation stone of Sikkim highway projects

Nitin Gadkari lays foundation stone of Sikkim highway projects

Union Minister for Road Transport & Highways Nitin Gadkari laid foundation stone of four state highway projects here.

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Source: Moneycontrol.com

Locomotive pilots and assistants will be trained in 3D simulators , says Indian Railway

Locomotive pilots and assistants will be trained in 3D simulators , says Indian Railway

Locomotive pilots will undergo advanced training on digital crew simulation system with 3D technology in order to improve their alertness, and safety in train operations

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Source: Firstpost.com

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