​GOOD MORNING INDIA!

November,14,2018,Wednesday

LATEST NEWS UPDATES ON ENERGY AND INFRASTRUCTURE FROM ACROSS THE MEDIA SPACE

We have an order book of 1.3 lakh crore in transmission: IS Jha, CMD, Power Grid

We have an order book of 1.3 lakh crore in transmission: IS Jha, CMD, Power Grid

IS Jha: This year has been quite good. There are so many highest we have achieved this year including turnover. For the first time, we have crossed the Rs 26,000 crore mark.

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Jaitley inaugurates Telangana solar plant, Karna windmill

Jaitley inaugurates Telangana solar plant, Karna windmill

Defence Minister Arun Jaitley today inaugurated a grid-connected solar power plant of 16 MW capacity at the Ordinance Factory in Telanganas Medak.

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PFC in the red as NPAs rise 300%

PFC in the red as NPAs rise 300%

The stressed assets of the power sector’s key financier, Power Finance Corporation (PFC), increased by 300 per cent to Rs 30,718 crore, pushing the company in the red for the first time.

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Adani strikes deal on royalties payments with Queensland

Adani strikes deal on royalties payments with Queensland

Indian energy giant Adani Group said today that it has struck a deal on royalties payments with the Queensland government for its 21.7 billion dollars coal mine project in Australia, a major breakthrough for the controversy-hit Carmichael venture which was stuck in limbo.

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Adani Group shares gain; Adani Transmission hits new high

Adani Group shares gain; Adani Transmission hits new high

Shares of Adani Group companies – Adani Enterprises, Adani Transmissions, Adani Port and Special Economic Zone (SEZ) and Adani Power – have rallied by up to 13% on BSE in intra-day trade after Adani Australia said it reached agreement with the Queensland Government on royalty payments for its $16.5 billion Carmichael coal projects.

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Near term capacity addition in wind energy sector to depend upon bidding plans by SECI and utilities: ICRA

Near term capacity addition in wind energy sector to depend upon bidding plans by SECI and utilities: ICRA

The state distribution utilities (discoms) are expected to adopt the competitive bidding mechanism for awarding wind energy projects, going forward, given the significant decline in wind energy tariffs as observed in the bidding for the 1000 MW wind scheme by Ministry of New & Renewable Energy (MNRE) in February 2017. 

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Sumant Sinha, Rahul Munjal emerge as poster boys of India's renewable energy sector

Sumant Sinha, Rahul Munjal emerge as poster boys of India's renewable energy sector

This is a tale of two entrepreneurs. Though they took different paths to get there, both of them have emerged as the most recognisable faces of entrepreneurship in the Indian renewable energy sector.

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India’s electricity companies have surplus power – and that’s a big challenge

India’s electricity companies have surplus power – and that’s a big challenge

Last year, the Central Electricity Authority reported that India is on the verge of being a power surplus nation. For a country accustomed to power shortages, this may appear to be a major step towards reliable electricity supply.

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Does NTPC need to find a new growth engine?

Does NTPC need to find a new growth engine?

NTPC Ltd has reported a steady performance for the March quarter. Revenue increased 11.5%, but profit from continuing operations dropped 25.5% on pay hike related expenses and an impairment charge.

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India makes abrupt shift away from coal

India makes abrupt shift away from coal

A new IEEFA report has shown that India is making big moves away from coal power, and towards renewable solar energy.

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A new era of shared clean-energy leadership begins in China

A new era of shared clean-energy leadership begins in China

There is a new reality in clean energy. The world’s major emerging economies including China, India, and several others are moving to the centre stage of the clean energy transition

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Central Electricity Authority says 82% of India will be power surplus in FY18

Central Electricity Authority says 82% of India will be power surplus in FY18

More than 82 percent of the country will have more than enough power in FY18, the Central Electricity Authority has said.

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Russia building first 'floating' nuclear power plant

Russia building first 'floating' nuclear power plant

Russia is in advanced stages of building the world’s first “floating” nuclear power plant (FNPP) for installation in remote areas and hopes FNPP technology will also interest South Asian countries like India.

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Moderation in power tariffs to boost Indian Economy

Moderation in power tariffs to boost Indian Economy

A flagship Mission of the Government is to realise the Hon’ble Prime Minister Shri Narendra Modi’s vision of 24×7 Affordable “Power for all” in an environment-friendly manner.

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Power Grid Corporation Q4 net up by 22%, stock slides

Power Grid Corporation Q4 net up by 22%, stock slides

Power Grid Corporation of India dipped over 2% to Rs 204.05 per share on BSE during the pre lunch session of Tuesday’s intraday trade.

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ICRA Assessment of GST Impact on Power Sector

ICRA Assessment of GST Impact on Power Sector

Reduction in tax rate on domestic coal provides a relief in the cost of power generation even after accounting for an increase in capital cost (due to higher tax rates in boiler, turbine, generator segment). 

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Coal available aplenty, yet thermal plants face ‘shortage’

Coal available aplenty, yet thermal plants face ‘shortage’

After two years of oversupply, coal is in short supply at Indian power plants in May.

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BPCL fourth quarter net profit down 13 per cent

BPCL fourth quarter net profit down 13 per cent

Bharat Petroleum Corporation (BPCL), the state-owned fuel retailer’s net profit slumped 13 percent to Rs 1,842 crore for the quarter ended March 2017 compared to Rs 2,116 crore in the corresponding period a year ago on account of higher expenses which grew 27 percent for the quarter.

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We would be happy if the crude prices are low: Utpal Bora, Oil India

We would be happy if the crude prices are low: Utpal Bora, Oil India

Actually we had to bear an amount of Rs 1152 crores as a differential royalty payment to the government of Assam and Arunachal Pradesh for the period of February 20114 to March 2016.

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Oman Oil mandates banks for revolving credit facility -sources

Oman Oil mandates banks for revolving credit facility -sources

Oman Oil Co, the Omani state-run petroleum firm, has mandated a group of regional and international banks to arrange a $1.2 billion revolving credit facility, banking sources said on Tuesday.

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Oil slips on oversupply worries despite OPEC deal

Oil slips on oversupply worries despite OPEC deal

Oil prices fell on Tuesday,pressured by concerns that production cuts by the world's bigexporters may not be enough to drain a global glut that hasdepressed the market for almost three years.

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Global Crude oil price of Indian Basket was US$ 50.63* per bbl on 29.05.2017

Global Crude oil price of Indian Basket was US$ 50.63* per bbl on 29.05.2017

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$ 50.63* per barrel (bbl) on 29.05.2017.

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GAIL India To Invest Rs 1,000 Crore To Help Dabhol LNG Terminal Operate All Year

GAIL India To Invest Rs 1,000 Crore To Help Dabhol LNG Terminal Operate All Year

GAIL India will invest.Rs 1,000 crore on the liquified natural gas terminal at the Ratnagiri Gas and Power Private (RGPPL) to make it an all-weather port by 2019, said BC Tripathi, chairman, GAIL.

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ONGC onshore output rises in FY17 after falling for three years

ONGC onshore output rises in FY17 after falling for three years

Oil and Natural Gas Corporation's (ONGC's) onshore crude oil domestic production witnessed an increase of 2.4% during last fiscal, after falling for three consecutive years.

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India's record diesel demand to continue in 2017, growth to slow

India's record diesel demand to continue in 2017, growth to slow

India's diesel demand is expected to rise to record levels again this year as a slew of infrastructure projects boosts use of the transport and industrial fuel, although a government-induced cash shortage will hold growth to its slowest in three years.

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L&T hits 21-month high post Q4 results, 1:2 bonus share plan

L&T hits 21-month high post Q4 results, 1:2 bonus share plan

Larsen & Toubro (L&T) hit 21-month high of Rs 1,834, up 2.6% on the BSE in early morning trade, after the company beat market expectation with a 29.5% growth in consolidated net profit for the Q4FY17, at Rs 3,025 crore compared with Rs 2,335 crore for the corresponding quarter of the previous year.

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Steel makers may benefit from low ore prices: Icra

Steel makers may benefit from low ore prices: Icra

Domestic steel mills may benefit from lower iron ore and coking coal costs in the current year but sustained weakness in demand still remains a concern, Icra said on Tuesday.

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BHEL's recovery may be steady but slow

BHEL's recovery may be steady but slow

After posting good results in the quarter ended March 2016, expectations were high on BHEL. But, much to the Street’s disappointment, BHEL’s March quarter (Q4) performance lagged estimates significantly— revenues were at Rs 9,833 crore (down six per cent year-on-year or y-o-y) and net profit at Rs 215 crore (down 57 per cent y-o-y).

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Chennai: Road Railer project to be reality soon

Chennai: Road Railer project to be reality soon

One and a half years after the Indian Railways approved India’s maiden Road Railer multi-modal project that connects Chennai and Delhi, it still awaits approval from the Ministry of Road Transport.

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