​GOOD MORNING INDIA!

November,14,2018,Wednesday

NEWS UPDATES OF THE DAY ON ENERGY  AND INFRASTRUCTURE FROM ACROSS THE MEDIA SPACE

Union Power

India & Africa Partnership in International Solar Alliance launched by Minister Piyush Goyal

The third International Solar Alliance (ISA) Programme on ‘Scaling Up Minigrids and Microgrids’ was launched by Mr Piyush Goyal, Hon'ble Minister of New and Renewable Energy.

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India keen to share latest renewable sector tech with Africa

India keen to share latest renewable sector tech with Africa

The government today said it is keen to share the latest technology in renewable energy with Africa to power the remotest and poorest corners of the second largest continent.

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Modi@3: Power Minister aims at electrifying the entire nation before 2022 deadline

Modi@3: Power Minister aims at electrifying the entire nation before 2022 deadline

In a countdown to three years of Modi government, CNBC-TV18 spoke to the heads of different ministries to know all about the work done by them over the years.

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Adani Enterprises Q4 net profit jumps 60% to Rs 221 crore

Adani Enterprises Q4 net profit jumps 60% to Rs 221 crore

Adani Enterprises, the flagship firm of Adani Group, today reported a 60 per cent jump in its consolidated net profit to Rs 221 crore for the fourth quarter ended March on the back of higher contribution from coal trading.

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India aims to expand renewable energy capacities to record levels

India aims to expand renewable energy capacities to record levels

India has taken the lead in the renewable energy sector in the world with solar power at the centre of its renewable policy framework.

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Green bonds issued to support Indian renewables

Green bonds issued to support Indian renewables

The Asian Development Bank (ADB) has issued green bonds to support climate change mitigation and renewable energy in India.

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Tata Power needs to shed asset overload to drive growth

Tata Power needs to shed asset overload to drive growth

Saurabh Agrawal, the newly appointed group chief financial officer of Tata Sons Ltd who is known for his investment banking acumen, may find in Tata Power Co. Ltd an ideal candidate for a restructuring exercise.

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Renewable energy powers jobs for almost 10 million people

Renewable energy powers jobs for almost 10 million people

Renewable energy employed 9.8 million people last year, up 1.1% from 2015, led by solar photovoltaic at 3.09 million jobs, according to the International Renewable Energy Agency’s annual report on the industry.

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India should accelerate, not slow down, solar adoption

India should accelerate, not slow down, solar adoption

Swaminathan Aiyar recently argued in a column that an accelerated adoption of solar energy by India could bring down some thermal power stations and hurt their financiers

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Adani Group may exit $16.5 billion Carmichael coal project in Australia

Adani Group may exit $16.5 billion Carmichael coal project in Australia

India’s Adani Group could walk away from its $16.5 billion Carmichael coal project in Australia unless a royalties deal can be reached with the state government, according to federal Resources Minister Matthew Canavan.

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India may look elsewhere for coal if govt delays decision on Adani project: Australia minister

India may look elsewhere for coal if govt delays decision on Adani project: Australia minister

India could look elsewhere for its coal requirements if Queensland government delays its decision on a royalty holiday deal with the Indian energy giant Adani Group, Australian Resource Minister Matthew Canavan has warned.

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commercial

Attaining Freedom from Coal Shortages Transparent Mineral Auction

From the era of experiencing major coal shortages, India presently boasts of surplus coal as production of coal increased to 554 million tonnes in 2016-17 from 462 million tonnes in 2013-14.

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How Narendra Modi government powered-up India; slashed energy shortage from 4.2 pct in 2013-14 to 0.7 pct in 2016-17

How Narendra Modi government powered-up India; slashed energy shortage from 4.2 pct in 2013-14 to 0.7 pct in 2016-17

The Narendra Modi- government on Wednesday said that the energy shortage in the country had come down to 0.7 per cent in 2016-17.

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power

A big turn-around in India’s Power Sector

India’s power sector that was marred by continuous shortages and lack of quality and steady supplies to homes and factories has seen an unprecedented turnaround in the past three years.

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Global Crude oil price of Indian Basket was US$ 52.64 per bbl on 23.05.2017

Global Crude oil price of Indian Basket was US$ 52.64 per bbl on 23.05.2017

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$ 52.64 per barrel (bbl) on 23.05.2017.

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Shell and Engie quit India’s Kakinada LNG project

Shell and Engie quit India’s Kakinada LNG project

European energy giants Shell and Engie have pulled out of the proposed floating storage and regasification units (FSRU)-based LNG-import project at Kakinada in southeast India.

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Oil dives more than 4 per cent on stubborn glut, under $50/bbl again

Oil dives more than 4 per cent on stubborn glut, under $50/bbl again

Oil slid more than 4 percent on Thursday, to its lowest since late November as investor worries about a growing global glut of crude erased most of the gains that followed last year’s OPEC’s output cut.

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Clouds in form of Opec hangs over crude oil

Clouds in form of Opec hangs over crude oil

Crude oil after falling to Rs 2,839 level on MCX has bounced back around Rs 3,300 level. It is trading in its comfort zone of $47-$53.

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ONGC Videsh swings back to profit; FY17 net at Rs 701 crore

ONGC Videsh swings back to profit; FY17 net at Rs 701 crore

ONGC Videsh, the overseas arm of state-run Oil and Natural Gas Corp, has swung to profit in 2016-17 on a 44% rise in output.

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natural gas

India, Japan JV to set up LNG import terminal in SL

India and Japan will join hands to set up a USD 250 million LNG import terminal in Sri Lanka, the first collaboration between the two to counter China's growing influence in the island nation.

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Elevated corridor project gets NOC

Elevated corridor project gets NOC

The 19-km long Chennai Port-Maduravoyal elevated corridor project is set to get a new lease of life with the State government according its ‘No Objection’ to the new alignment proposed by the National Highways Authority of India (NHAI).

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Lucknow to Ghazipur Purvanchal Expressway: Yogi Adityanath government to scrap tenders to 6 firms awarded by Samajwadi Party dispensation

Lucknow to Ghazipur Purvanchal Expressway: Yogi Adityanath government to scrap tenders to 6 firms awarded by Samajwadi Party dispensation

Chief Minister Yogi Adityanath led BJP government in Uttar Pradesh is likely to cancel the tenders given to six firms distributed when Samajwadi Party was in power.

 

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US revives two infrastructure projects in Asia to counter China’s OBOR

US revives two infrastructure projects in Asia to counter China’s OBOR

The US has revived two major infrastructure projects in South and Southeast Asia in which India would be a vital player, a move that could potentially act as a counter to China’s ambitious Belt and Road initiative.

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Adani Ports & Special Economic Zone Q4FY17 consolidated net profit rises 27% yoy

Adani Ports & Special Economic Zone Q4FY17 consolidated net profit rises 27% yoy

Adani Ports consolidated revenue for the quarter came in at Rs. 2231 crore, registering 17.5% yoy increase. This was primarily driven by 15.8% yoy increase in revenue from ports &sez activities.

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Cabinet approves Noida-Greater Noida metro corridor

Cabinet approves Noida-Greater Noida metro corridor

The Union Cabinet on Wednesday cleared the 29.77 km Noida-Greater Noida metro rail corridor which is nearing completion.

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US revives infra projects in Asia with India as key player to counter China’s OBOR

US revives infra projects in Asia with India as key player to counter China’s OBOR

In a move that could potentially counter China’s Belt and Road initiative, the United States revived two major infrastructure projects in South and Southeast Asia, the ‘New Silk Road’ project, and the Indo-Pacific Economic Corridor.

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RInfra InvIT Fund gets Sebi nod to float Rs 2,500-cr IPO

RInfra InvIT Fund gets Sebi nod to float Rs 2,500-cr IPO

Reliance Infrastructure (RInfra) on Wednesday said that RInfra InvIT has received the final approval from the Securities and Exchange Board of India (Sebi) to float its Rs 2,500 crore plus Initial Public Offering (IPO).

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2.5 per cent of road fund to be allocated for National Waterways

2.5 per cent of road fund to be allocated for National Waterways

The government today approved a proposal to allocate 2.5 per cent of the Central Road Fund (CRF) for National Waterways that would result in about Rs 2,000 crore proceeds per annum for their development.

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Bangalore Metro: BMRCL to use 12 tunnel borers in phase-II

Bangalore Metro: BMRCL to use 12 tunnel borers in phase-II

Between July 2011 and September 2016, the Bangalore Metro Rail Corporation Limited (BMRCL) struggled to tunnel the 9-km underground stretch of Namma Metro Phase-I.

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