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November,16,2018,Friday

LATEST NEWS UPDATES  FROM ENERGYINFRAPOST.COM

The expectation of reciprocity is fair: Jerome Pecresse, CEO, GE Renewable Energy

The expectation of reciprocity is fair: Jerome Pecresse, CEO, GE Renewable Energy

In an interview with ET, GE Renewable Energy CEO Jerome Pecresse said reciprocity was a fair idea. He also spoke about GE’s renewable energy business in India and said the worldwide trend of auctioning projects. Excerpts:

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EESL

EESL to invest Rs 200cr to make PWD buildings energy efficient

State-run Energy Efficiency Services (EESL) plans to invest around Rs 200 crore to make nearly 1,500 buildings of the Public Works Department of the Maharashtra government energy efficient, a company official said.

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Adani Group’s renewable energy arm may raise $200 million

Adani Group’s renewable energy arm may raise $200 million

Adani Group’s renewable energy arm is seeking to raise external equity capital after having pumped in millions of dollars of its own money to build a pipeline of projects worth over 2 gigawatts (GW), two people aware of the development said.

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NTPC among first to list on new London Stock Exchange market

NTPC among first to list on new London Stock Exchange market

India’s state-run National Thermal Power Corporation (NTPC) is among the first bonds to list on a new International Securities Market (ISM) on the London Stock Exchange (LSE).

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Coal to be India's energy mainstay for next 30 years: policy paper

Coal to be India's energy mainstay for next 30 years: policy paper

Coal will remain India's main energy source for the next three decades although its share will gradually fall as the country pushes renewable power generation, according to a government report seen by Reuters.

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Geopolymer Concrete Road using NTPC-DADRI Fly Ash by NETRA and CSIR

Geopolymer Concrete Road using NTPC-DADRI Fly Ash by NETRA and CSIR

NTPC-NETRA and CSIR-Central Building Research Institute, Roorkee have developed high strength fly ash based geopolymer concrete for construction of road as per IRC specifications.

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Tata Power Solar and Dell India have built India’s largest vertical solar farm

Tata Power Solar and Dell India have built India’s largest vertical solar farm

Tata Power Solar, India's largest integrated solar company, and Dell International Services India Pvt Ltd. have together built India’s largest vertical solar farm of 120 kW.

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India seeks energy diplomacy to counter China's OBOR

India seeks energy diplomacy to counter China's OBOR

After taking a step back from China's new Silk Road initiative announced by Xi Jinping, India has decided to use its energy diplomacy to create interdependent relationships in its neighbourhood.

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21st century

World Lags on Clean Energy Goals

It may be the 21st century but more than three billion people still use fire for cooking and heating. Of those, one billion people have no access to electricity despite a global effort launched at the 2011 Vienna Energy Forum to bring electricity to everyone on the planet.

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water levels

Energy output up due to rising water levels

Hydropower projects have been generating more electricity due to rising water levels in the rivers. They are currently producing 600 MW, up 35 MW from a month ago, the Nepal Electricity Authority (NEA) said.

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Great Eastern Energy Corporation looking at investing $1 billion in Coal Bed Methane projects

Great Eastern Energy Corporation looking at investing $1 billion in Coal Bed Methane projects

Great Eastern Energy Corporation (GEECL), a fully-integrated Coal Bed Methane company listed at the London Stock Exchange has completed a decade of operations in India.

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Why are five lakh coal workers miffed with the government?

Why are five lakh coal workers miffed with the government?

State-owned miner Coal India Ltd’s five worker unions have threatened a three-day strike from June 19 to protest a proposal to merge Coal Mines Provident Fund Organisation (CMPF) with the Employee Provident Fund (EPF).

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Patanjali’s Baba Ramdev, Acharya Balkrishna now want to generate electricity using bulls

Patanjali’s Baba Ramdev, Acharya Balkrishna now want to generate electricity using bulls

Baba Ramdev and his associate Acharya Balkrishna of consumer goods company Patanjali are working on a unique form of renewable energy: Bull power. The experiment is the brainchild of Balkrishna, managing director and primary stakeholder of Patanjali.

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REC to extend Rs 85,000 crore assistance to Tamil Nadu utilities

REC to extend Rs 85,000 crore assistance to Tamil Nadu utilities

State-run Rural Electrification Corp (REC) today said that it will extend financial assistance of Rs 85,723 crore to Tamil Nadu power utilities TANGEDCO and TANTRANSCO.

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JSW Steel plans tie-up with OMC for long-term iron ore linkage

JSW Steel plans tie-up with OMC for long-term iron ore linkage

Sajjan Jindal-led JSW Steel is keen to have a long-term iron ore linkage arrangement with Odisha government-owned Odisha Mining Corporation (OMC), in order to secure supplies for its planned 10-million-tonne mega steel plant.

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PowerGrid puts firewalls; no power outages due to Ransomware

PowerGrid puts firewalls; no power outages due to Ransomware

Power Grid's top brass deliberated on the strategy to deal with the Ransomware, a malicious software that infects computers and restricts user access until ransom is paid for unlocking them. 

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crude oil

Global Crude oil price of Indian Basket was US$ 49.55 per bbl on 12.05.2017

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$ 49.55 per barrel (bbl) on 12.05.2017.

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Merger of subsidiary with parent company always beneficial: Indian Oil Corporation

Merger of subsidiary with parent company always beneficial: Indian Oil Corporation

Indian Oil Corporation is holding talks with stakeholders on the merger of its subsidiary Chennai Petroleum Corporation Ltd, as standalone projects are not viable under prevailing market conditions, a top company official said.

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Petrol prices cut by Rs 2.16/litre, diesel by Rs 2.10/litre in Delhi as crude falls, but may rise ahead on output cuts

Petrol prices cut by Rs 2.16/litre, diesel by Rs 2.10/litre in Delhi as crude falls, but may rise ahead on output cuts

India’s oil marketing companies today cut petrol price by Rs 2.16/litre and diesel by Rs 2.10/litre tracking the weakness in global crude oil prices in the trailing fortnight and the corresponding fall in the prices of the Indian crude basket.

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Venezuela to clear OVL dues in instalments

Venezuela to clear OVL dues in instalments

State-run ONGC Videsh Ltd expects Venezuela state oil firm Petroleos de Venezuela to pay off dividend dues of $537.6 million within three years.

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CPCL records highest throughput in 2016-17: CPCL MD

CPCL records highest throughput in 2016-17: CPCL MD

Chennai Petroleum Corporation Ltd (CPCL), a group company of Indian Oil, has achieved highest throughput of 10.256 MMTPA during 2016-17, besides reaching the highest ever distillate yield, a top company official said today.

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Government plans multimodal logistic parks for Rs 33,000 crore investment

Government plans multimodal logistic parks for Rs 33,000 crore investment

The government plans to build multimodal logistic parks at 15 places across the country with an investment of Rs 33,000 crore in a bid to bring down costs incurred on logistcs.

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India looking for global investors to fund infra projects: LSE CEO

India looking for global investors to fund infra projects: LSE CEO

India is scouting for global investors as there is a huge demand for infrastructure investment in the country, LSE CEO Nikhil Rathi has said.

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Over 900 railway stations to have CCTV cameras

Over 900 railway stations to have CCTV cameras

Indian Railways will install CCTV surveillance system at more than 900 stations under the Nirbhaya Fund at an approved cost of Rs 500 crore to strengthen security at rail premises.

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Vedanta swings back into the black in Q4 helped by higher revenue

Vedanta swings back into the black in Q4 helped by higher revenue

Vedanta Ltd , the Indian unit of diversified energy group Vedanta Resources PLC , reported a consolidated quarterly profit, as revenue surged, driven by improved commodity prices and higher zinc volumes.

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Italy's Atlantia makes $18 bn toll road bid for Spain's Abertis

Italy's Atlantia makes $18 bn toll road bid for Spain's Abertis

Italy's Atlantia bid 16.3 billion euros ($18 billion) for Spain's Abertis on Monday in an effort to create the world's biggest toll road operator with a market value of more than 36 billion euros.

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