​GOOD MORNING INDIA!

November 14, 2018, Wednesday

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

Narendra Modi Russia visit: India-Russia sign pact to set up 2 units of Kudankulam Nuclear Power plant

Narendra Modi Russia visit: India-Russia sign pact to set up 2 units of Kudankulam Nuclear Power plant

India and Russia today agreed to strive towards building an “energy bridge” and enhance cooperation in energy sector, including nuclear, hydrocarbon and renewable sources.

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India, Russia to strive towards building ‘energy bridge’

India, Russia to strive towards building ‘energy bridge’

India and Russia today agreed to strive towards building an “energy bridge” and enhance cooperation in energy sector, including nuclear, hydrocarbon and renewable sources.

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MoEF delists N-power project in Gujarat

MoEF delists N-power project in Gujarat

After years of resistance from local farmers and environmental activists, the proposed 6,000 megawatt (Mw) nuclear power project in Mithi Virdi, Gujarat, has been disallowed by the Union ministry of environment and forests, the latter formally confirmed.

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Even if US pulls out of Paris deal, India to still stand by its commitments

Even if US pulls out of Paris deal, India to still stand by its commitments

India will abide by its existing commitments under the Paris Agreement regardless of whether the US President Donald Trump pulls out from the global climate change compact or not.

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Power Finance Corp allays fears about stressed assets

Power Finance Corp allays fears about stressed assets

Power Finance Corp (PFC) on Thursday sought to allay fears of rising stressed assets on its books, saying that it was caused by the lender’s decision to apply new central bank rules and not because of any sudden deterioration in loan quality.

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Donald Trump says US will withdraw from Paris climate accord

Donald Trump says US will withdraw from Paris climate accord

President Donald Trump on Thursday said he will withdraw the United States from the landmark 2015 global agreement to fight climate change, spurning pleas from US allies and corporate leaders in an action that fulfilled a major campaign pledge.

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Nepal requests India to cut energy prices

Nepal requests India to cut energy prices

Nepal has requested India to consider lowering the price of electricity supplied through the cross-border transmission lines of Bihar state.

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India committed to Paris climate deal even as Trump mulls withdrawal

India committed to Paris climate deal even as Trump mulls withdrawal

If US President Donald Trump decides to withdraw from the Paris Agreement, it will dampen the spirit of global climate action as many countries not only look at America for support for their mitigation measures but also expect the second largest emitter of greenhouse gases in the world to lead from the front.

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Nuclear deal between India, Russia is the centrepiece of Modi-Putin meet

Nuclear deal between India, Russia is the centrepiece of Modi-Putin meet

Prime Minister Narendra Modi and Russian President Vladimir Putin meet on Thursday for an annual summit the highlight of which is expected to be the signing of an agreement to build the last two units of the Kundankulam nuclear power plant with Moscow's help.

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Global Crude oil price of Indian Basket was US$ 49.86 per bbl on 31.05.2017

Global Crude oil price of Indian Basket was US$ 49.86 per bbl on 31.05.2017

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$ 49.86 per barrel (bbl) on 31.05.2017.

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Government moots selling HPCL to ONGC for Rs 29,000 crore by December to create giant oil PSU

Government moots selling HPCL to ONGC for Rs 29,000 crore by December to create giant oil PSU

The government is said to be planning to combine the state-run refiner Hindustan Petroleum Corp Ltd with the giant oil explorer Oil and Natural Gas Corp by December this year by selling its 51.1% stake in the former to the latter for $4.5 billion (about Rs 29,000 crore), ET Now reported citing wire reports, which in turn cited unidentified sources.

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Merger may be preferred route for ONGC, HPCL

Merger may be preferred route for ONGC, HPCL

The consolidation among public sector oil companies could start with a merger, rather than a takeover. Senior government officials say a merger or an amalgamation could obviate the need for an open offer to buy equity from minority shareholders.

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Government panels to monitor ONGC and Oil India fields

Government panels to monitor ONGC and Oil India fields

The government is going to monitor oilfields of ONGC and Oil India and ordered setting up separate committees led by a bureaucrat for supervision as part of its broader plan to make these firms more accountable and boost output from their ageing fields that contribute 70% of India’s crude output.

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Sanjiv Singh Replaces B Ashok As Indian Oil Corporation Chairman

Sanjiv Singh Replaces B Ashok As Indian Oil Corporation Chairman

Sanjiv Singh has taken over as Chairman of Indian Oil Corporation (IndianOil) with effect from 1st June 2017. Prior to his elevation, he was Director (Refineries) on the IndianOil Board since July 2014.

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'Axis Of Love': Saudi Arabia, Russia Detente Heralds New Oil Order

'Axis Of Love': Saudi Arabia, Russia Detente Heralds New Oil Order

A meeting between the two men who run Russia and Saudi Arabia's oil empires spoke volumes about the new relationship between the energy superpowers.

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Vedanta hopes for Lanjigarh expansion nod by 2020

Vedanta hopes for Lanjigarh expansion nod by 2020

Vedanta, the London-headquartered metals and mining major, is looking at the possibility of expanding its alumina refinery production at Lanjigarh in Kalahandi district of Odisha beyond the present cap of four million tonnes per annum (mtpa).

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Lukewarm response to arbitration claims by infra developers

Lukewarm response to arbitration claims by infra developers

Settlement of arbitration claims by infrastructure developers is slow because of the inability of road developers to provide bank guarantees and open escrow accounts, according to India Ratings and Research (Ind-Ra).

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Railways to provide ‘book now pay later’ option for any Express trains

Railways to provide ‘book now pay later’ option for any Express trains

Railways have decided to provide the ‘buy tickets now and pay later’ service for any Express trains, an IRCTC official said on Thursday.

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Indian Railways to introduce 'buy tickets from IRCTC, pay later' service

Indian Railways to introduce 'buy tickets from IRCTC, pay later' service

Railways have decided to provide the 'buy tickets now and pay later' service for any Express trains, an IRCTC official said on Thursday.

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NDA govt restored the credibility of the economy: Arun Jaitley

NDA govt restored the credibility of the economy: Arun Jaitley

Finance minister Arun Jaitley said on Thursday that the NDA government has restored the credibility of the Indian economy.

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