​GOOD MORNING INDIA!

November 14, 2018, Wednesday

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

Highlights of energy minister Piyush Goyal's visit to Berlin, Leipzig and Munich

Highlights of energy minister Piyush Goyal's visit to Berlin, Leipzig and Munich

Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal visited Berlin, Leipzig and Munich from May 29 to June 1, 2017.

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SBI clears 100 Mw solar projects worth Rs 400 cr under World Bank programme

SBI clears 100 Mw solar projects worth Rs 400 cr under World Bank programme

The State Bank of India (SBI) today announced financing of rooftop solar projects worth Rs 400 crore, with private developers. This would add at least 100 Mw of rooftop solar capacity to the grid, and is a significant step towards meeting the Central government's target for 40 Gw of rooftop solar installations.

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Units 5, 6 at Kudankulam nuclear power plant to cost Rs 50,000 crore

Units 5, 6 at Kudankulam nuclear power plant to cost Rs 50,000 crore

The fifth and the sixth unit of India's largest nuclear power plant in Tamil Nadu will cost about Rs 50,000 crore to build with half of it being funded by Russia as loan.

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US exits Paris deal: A chance for China, India to lead global energy transformation

US exits Paris deal: A chance for China, India to lead global energy transformation

United States President Donald Trump’s decision to pull the US out of the Paris climate accords is incredibly narrow minded, and short-sighted.

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CCI dismisses complaint against Coal India

CCI dismisses complaint against Coal India

Fair trade regulator CCI today rejected allegations of anti-competitive practices made against state-owned CIL with respect to spot e-auction of coal. Rejecting the complaint, Competition Commission of India (CCI) said none of the terms cited in the complaint with regard to the spot e-auction scheme of coal “appears to be unfair or discriminatory”.

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Unbundling of Coal India will lead to a competitive market: Arvind Panagariya

Unbundling of Coal India will lead to a competitive market: Arvind Panagariya

Government think tank NITI Aayog’s Vice Chairman Arvind Panagariya today said unbundling of state-owned mine Coal India Ltd will have favourable impact on the sector as it will lead to a competitive market.

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Crompton Greaves Consumer Electricals spurts after bulk deal

Crompton Greaves Consumer Electricals spurts after bulk deal

Crompton Greaves Consumer Electricals surged 4.65% to Rs 242 at 13:51 IST on BSE after a bulk deal of 7.89 lakh shares was executed on the scrip at Rs 237 per share at 09:25 IST on BSE.

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Vestas sees major wind investments continuing despite U.S. withdrawal from climate deal

Vestas sees major wind investments continuing despite U.S. withdrawal from climate deal

Wind energy will continue to attract major investment in the United States and around the world despite president Donald Trump's decision to withdraw from the global climate accord, top wind turbine maker Vestas predicted on Friday.

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Growth of renewables, coal slowdown in India among important developments globally

Growth of renewables, coal slowdown in India among important developments globally

Climate Action Tracker, an initiative tracking global carbon emission, has said that the continuing rapid growth in renewable energy in India and a slowdown in coal development is one of the most important developments underway globally.

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Trump Dims India's Solar Shine

Trump Dims India's Solar Shine

With Donald Trump pulling the U.S. out of the the Paris climate accord, China and India will have to shoulder the burden of keeping a lid on global warming.

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India has built more thermal power plants than it currently needs

India has built more thermal power plants than it currently needs

Electricity distribution companies owned by state governments in India are paying for surplus power that they do not use. This has a significant impact on their finances, as a previous article explained.

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Trump is wrong: India is building more renewable energy than ever before

Trump is wrong: India is building more renewable energy than ever before

United States President Donald Trump announced Thursday his country’s intention to withdraw from the Paris Agreement, thus fulfilling one of his key election promises.

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India CIL's May coal output falls 4% on year to 40.74 mil mt

India CIL's May coal output falls 4% on year to 40.74 mil mt

India's state-run Coal India Limited Thursday posted a 4% year-on-year decline in coal output to 40.74 million mt for May.

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Global Crude oil price of Indian Basket was US$ 50.17 per bbl on 01.06.2017

Global Crude oil price of Indian Basket was US$ 50.17 per bbl on 01.06.2017

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$ 50.17 per barrel (bbl) on 01.06.2017.

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SBI head says Essar-Rosneft deal to close in June

SBI head says Essar-Rosneft deal to close in June

A $13 billion takeover by Russian oil major Rosneft of India's Essar Oil should close this month after delays caused by debts to Indian lenders, the head of State Bank of India (SBI) said on Friday, adding she had "more or less" approved the deal.

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​Essar Projects successfully commissions four offshore well platforms for ONGC

​Essar Projects successfully commissions four offshore well platforms for ONGC

Essar Projects India Ltd. (EPIL), a leading EPC contractor, today announced the successful commissioning of four offshore well platforms for its client ONGC.

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Russia and India may soon sign memorandum on gas pipeline construction

Russia and India may soon sign memorandum on gas pipeline construction

Russia and India will soon sign a memorandum on the construction of the gas pipeline as part of the intergovernmental agreement, Russian Energy Minister Alexander Novak told TASS.

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US authorises LNG export from offshore JV with India

US authorises LNG export from offshore JV with India

The US has approved a long-term application to export Liquefied Natural Gas (LNG) from an offshore project, which is a joint venture between an Indian and American company, in the Gulf of Mexico.

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Pradhan Assures Support to Tap Huge Bamboo Resources of Arunachal

Pradhan Assures Support to Tap Huge Bamboo Resources of Arunachal

Union MoS for Petroleum and Natural Gas, Dharmendra Pradhan assured support to tap the huge bamboo resources of Arunachal Pradesh, which remains unused to its potential that can change the economy of rural masses.

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Oil market to OPEC: Show me the data

Oil market to OPEC: Show me the data

OPEC's extended oil supply deal faces a litmus test in the next couple of months while summer demand kicks in, as wary oil traders and investors will need evidence, rather than reassurance, that rebalancing is underway.

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Asia gasoline outshines jet fuel, diesel as supply shrinks

Asia gasoline outshines jet fuel, diesel as supply shrinks

Asian gasoline profit margins have recently surged to overtake diesel and jet fuel margins as upcoming refinery maintenance in Indonesia and Vietnam will cut supply in the region.

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GMR Group to sell assets, refinance loans to cut debt

GMR Group to sell assets, refinance loans to cut debt

Indian conglomerate GMR Group plans to sell roads, power and airport assets and refinance its loans to help reduce debt and expand its business, its chief financial officer said on Friday.

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JSW Steel gets nod for Rs 50,000-cr mega steel plant in Odisha

JSW Steel gets nod for Rs 50,000-cr mega steel plant in Odisha

Sajjan Jindal-led JSW Steel got the go ahead to set up its 10 million tonne steel project in the state at Paradip at a cost of Rs 50,000 crore. The steel project when fully operational promises to create around 30,000 jobs.

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India to power all government ports with renewable energy

India to power all government ports with renewable energy

According to reports, India plans to power all 12 of its major domestic ports with renewable energy, the first country in the world to so.

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More states coming on board allowing Indian Railways direct procurement of electricity

More states coming on board allowing Indian Railways direct procurement of electricity

The Indian Railways, which is working on a mega energy saving plan, is looking forward to more states coming on board in allowing Non-Objection Certificates (NOCs) for procurement of electricity directly from a supplier of the transporter’s choice and reducing its dependence on state distribution companies

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Railway EMRs to have pathology facilities

Railway EMRs to have pathology facilities

The 24x7 Emergency Medical Rooms (EMRs) launched by the Central Railway at five stations across its suburban network in Mumbai, which charge just Re one for check-up, have also started providing pathological services at cheaper rates.

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India’s Busiest Port Plans For 200 Megawatt Solar & Wind Energy Park

India’s Busiest Port Plans For 200 Megawatt Solar & Wind Energy Park

India’s largest port (by volume handled) could soon be powered by renewable energy, the Minister for Shipping and Transport Nitin Gadkari recently stated.

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Narendra Modi To Flag Off Bullet Train Project By September

Narendra Modi To Flag Off Bullet Train Project By September

Finally, the bullet train project in India is all set to kick off this year. Prime Minister Narendra Modi is expected to flag off the project by September 2017.

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Railways to install video cameras in locomotive cabins

Railways to install video cameras in locomotive cabins

The Railway Ministry has also planned to install video and voice recording system in locomotives in an effort to control train accidents.

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Indian Railways to bring smart train engines that will take care of their and track’s health

Indian Railways to bring smart train engines that will take care of their and track’s health

Indian trains will soon have smart locomotives. They will have technology that will give them a sense of their health and also the track they are moving on.

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Indian shippers say they have to pay 5% levy while foreign cos operate tax-free

Indian shippers say they have to pay 5% levy while foreign cos operate tax-free

The Union ministry of road transport, highways and shipping in a recent communication to the finance ministry raised concerns of rising costs for Indian shipping companies under GST, which could drive them to move their business out of India through a subsidiary.

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