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November,17,2018,Saturday

LATEST NEWS UPDATES FROM ENERGYINFRAPOST.COM

EDITOR's PICK

PM Modi underlines consolidated approach to complete infrastructure projects

PM underlines consolidated approach to complete infra projects

Prime Minister Narendra Modi has underlined the need for a consolidated approach and adherence to strict timelines with regard to completion of infrastructure projects as he reviewed progress of sectors like roads, railways, airports and digital.

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Petrol bunks to remain open for only 12 hours a day from May 15

Petrol bunks to remain open for only 12 hours a day from May 15

 Andhra Pradesh Federation of Petroleum Traders (APFPT) on Tuesday announced that they will operate for only 12 hours a day from May 15 onwards. Also if the dealers' margin is not increased in the upcoming meeting with oil marketing companies (OMCs) in New Delhi on May 9, the federation will observe a no purchase day on May 10. Heeding …

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POWER/COAL/MINES/RE

NTPC Raises Rs 2000 Crore Through Masala Bonds

NTPC Raises Rs 2000 cr Through Masala Bonds

India's largest power generating company, NTPC Ltd on Wednesday raised Rs 2000 crore through rupee denominated bonds or masala bonds. This forms part of NTPC's $4 billion medium term note programme for funding its capital expenditure needs.

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Pollution cuts solar yield

Pollution cuts solar yield by 25%

India is making a big push for solar energy, with power capacity expected to double this year. But some of the gains, especially in north India, could be offset by a growing problem: air pollution

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Paris climate agreement

India's outsized coal plans put Paris climate goals at risk

India will not be able to meet its Paris climate agreement commitments in the coming years if it carries through with plans to construct nearly 370 coal-fired power plants, according to University of California, Irvine and CoalSwarm researchers

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InvIT

Sterlite Power Grid’s InvIT IPO planned for mid-May launch

India Grid Trust (IndiGrid), an infrastructure investment trust (InvIT) sponsored by Sterlite Power Grid Ventures Ltd plans to launch an initial public offering (IPO) in mid-May, said two people familiar with the company’s plans on condition of anonymity

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Power min to assist cos to take up R&D initiatives

Power min to assist cos to take up R&D initiatives

Ministry of Power is looking to assist public sector entities who are planning to take up Research and Development initiatives and has asked its nodal agency Central Electricity Authority to invite applications for the same.

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UAE's first solar-powered gas station opens in Dubai

UAE's first solar-powered gas station opens in Dubai

A government oil company in the United Arab Emirates says it has opened the country's first solar-powered gas station in Dubai.

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UP mining ban hits realty sector hard, cement traders threaten stir

UP mining ban hits realty sector hard, cement traders threaten stir

The blanket ban on rampant illegal mining in Uttar Pradesh, especially after Yogi Adityanath's government came to power on March 19, has hit the state's realty estate sector hard due to the acute shortage of building material, such as sand, maurang, and gravel, among others.

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Policy to prefer locally-made goods in govt procurement

Policy to prefer locally-made goods in govt procurement

The commerce and industry ministry is working on fixing the nuts and bolts of a policy to give preference to domestically manufactured goods in government procurement with a view to promoting Make in India.

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Andhra University

Clean Nuclear Reactor Soon At Andhra University

The department of nuclear physics and chemistry in Andhra University is most likely to get a prototype ‘sub-critical nuclear reactor’ or ‘clean nuclear reactor’ for its researchers in the department. G Nageswara Rao

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वाराणसी बनेगा देश का पहला बिजली चोरी मुक्त शहर!

वाराणसी बनेगा देश का पहला बिजली चोरी मुक्त शहर!

मंगलवार को केंद्रीय ऊर्जा मंत्री पीयूष गोयल वाराणसी पहुंचे और IPDS के काम का जायजा लिया। बिजली की सप्लाई सही तरीके से हो और बिजली चोरी के साथ ही कटियामारी से काशी को मुक्त कर वाराणसी को, देश का पहला ‘मॉडल सेंटर’ बनाने की बात भी पीयूष गोयल ने कही।

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OIL AND GAS

Global Crude Oil

Global Crude oil price of Indian Basket was US$ 50.40 per bbl on 25.04.2017

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$ 50.40 per barrel (bbl) on 25.04.2017.

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Setback to India

Setback to India, international panel rejects stay on Cairn arbitration

In a setback to India, an international arbitration panel has rejected its demand for a stay on an arbitration initiated by British oil explorer Cairn Energy plc against a Rs. 10,247 crore retrospective tax notice

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Indian Oil

Indian Oil nips at China’s heels in race to collect Lanka port assets

India is looking to invest in a colonial-era Sri Lankan oil-storage facility as it seeks to further its naval interests in the Indian Ocean and push China back in the process.

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Coal Bed Methane

India’s Coal Bed Methane production jumped more than 44%

India’s production of Coal Bed Methane (CBM), a clean energy source extracted from coal seams, grew more than 44 percent last financial year to around 565 million standard cubic metres (MMSCM) as compared to 393 MMSCM in 2015-2016

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RIL partners with Germany’s Resysta to bring innovative wood alternative in India

RIL partners with Germany’s Resysta to bring innovative wood alternative in India

Reliance Industries Ltd (RIL) announced on Wednesday that it has entered into a license agreement with Resysta International GmbH (Resysta) which gives RIL exclusive rights of production and marketing of RelWood™, a Natural Fiber Polymer Composite (NFPC), in India.

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IOC gets green nod to revamp Bongaigaon refinery at Rs 4,185 crore

IOC gets green nod to revamp Bongaigaon refinery at Rs 4,185 crore

State-owned Indian Oil Corp (IOC) has received green nod for upgradation of its Bongaigaon refinery for production of BS-VI grade fuels in Assam at a cost of Rs 4,185 crore.

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Union Minister Dharmendra Pradhan requests CM Naveen Patnaik intervene in matter to open Odisha Niwas Canteen for Common Public

Union Minister Dharmendra Pradhan requests CM Naveen Patnaik intervene in matter to open Odisha Niwas Canteen for Common Public

Union Petroleum and Natural Gas Minister Dharmendra Pradhan today requested Odisha Chief Minister Naveen Patnaik to intervene in matter to open Odisha Niwas Canteen for Common Public. Minister Pradhan on this regards writes a letter to CM Naveen Patnaik.

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INFRASTRUCTURE

digital platform

Digital platform to help railways save ₹60,000 crore: Suresh Prabhu

Indian Railways will invest about ₹12,000 crore in developing a common digital platform for integrating information from all its departments leading to savings of about ₹60,000 crore, said Suresh Prabhu, Railway Minister

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Suresh Prabhu

I voluntarily gave up rail budget: Suresh Prabhu

Railways minister Suresh Prabhu on Wednesday said that he himself had volunteered for the clubbing of the railways budget with the general budget, and it was “not a take over” by the finance ministry

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Narendra Modi to meet Sri Lankan Prime Minister today; Energy pact on the cards

Narendra Modi to meet Sri Lankan Prime Minister today; Energy pact on the cards

Sri Lankan Prime Minister Ranil Wickremsinghe, who arrived in the national capital yesterday on a five-day visit, will meet Prime Minister Narendra Modi and hold bilateral talks today

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PM Modi reviews progress in key infrastructure sectors, demands timely completion of projects

PM Modi reviews progress in key infrastructure sectors, demands timely completion of projects

Prime Minister Narendra Modi chaired a meeting of infrastructure sectors, including roads, railways, airports, digital ports and coal, calling for a consolidated approach to complete existing projects within stipulated timelines.

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At PRAGATI meet, PM Narendra Modi takes serious view of corruption in Indian Railways, directs strictest action

At PRAGATI meet, PM Narendra Modi takes serious view of corruption in Indian Railways, directs strictest action

Prime Minister Narendra Modi today took a serious view of the “large number of complaints” about “corrupt practices” of Railway officials and directed strictest possible action against those found guilty.

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50-mining-hit-villages-on-development-road

India to develop road infra in Jaffna region of Sri Lanka

India has agreed to cooperate with Sri Lanka for developing road infrastructure in the Jaffna region of the island nation.

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