​GOOD MORNING INDIA!

November 16, 2018, Friday

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

Union Cabinet Meets to Clear key Proposals: Here Are The Key Takeaways

Union Cabinet Meets to Clear key Proposals: Here Are The Key Takeaways

Key proposals were approved and discussed in the Union Cabinet meeting that took place on Wednesday in New Delhi.

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Warburg Pincus Puts Rs 700 Crore In Cleanmax

Warburg Pincus Puts Rs 700 Crore In Cleanmax

Global private equity fund Warburg Pincus has invested Rs 700 crore in CleanMax Solar, a rooftop solar developer for the corporate sector.

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Government To Form Panel To Monitor National Energy Policy

Government To Form Panel To Monitor National Energy Policy

The government will soon constitute a committee, headed by Prime Minister Narendra Modi, to oversee implementation of the proposed National Energy Policy which aims to promote energy independence.

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BRPL, TERI In MoU To Explore Opportunities In Solar Rooftops, E-vehicles

BRPL, TERI In MoU To Explore Opportunities In Solar Rooftops, E-vehicles

BSES Rajdhani Power Ltd (BRPL) and The Energy and Resources Institute (TERI) have entered into a partnership to explore collaboration opportunities for solar rooftop, electric vehicles, energy storage systems, energy efficiency and smart grid technologies.

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Coal To Account For Over Two-third Of Commercial Energy Output In 2022

Coal To Account For Over Two-third Of Commercial Energy Output In 2022

Prospects for coal-generated electricity are receding globally, yet India remains one of the last countries to use the oldest and dirtiest energy source, although construction of new coal-fired power plants is faltering.

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N-energy Crucial For Growth, Says R Chidambaram

N-energy Crucial For Growth, Says R Chidambaram

The first prototype fast breeder nuclear reactor being set up at Kalpakkam in Tamil Nadu may be ready by the end of the year, according to R Chidambaram, Principal Scientific Adviser to the Union Government.

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UP Govt Presses Undo Button For PPAs With Costly Power Producers, Worries Lenders

UP Govt Presses Undo Button For PPAs With Costly Power Producers, Worries Lenders

The Yogi Adityanath government in UP has decided to press the 'undo' button for power purchase agreements (PPAs) with a clutch suppliers to reduce discoms' costs but the move could open Pandora's box for lenders by adding to their NPAs (non-performing assets) as other states pick up the cue.

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Rural Electrification Corporation Of India Lists $450 Million Green Bond At London ISM

Rural Electrification Corporation Of India Lists $450 Million Green Bond At London ISM

The Corporation (REC) issued and got its first green bond listed at London’s International Securities Market recently.

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Major Fire Breaks At NALCO’s Angul Unit

Major Fire Breaks At NALCO’s Angul Unit

NALCO’s Angul unit today witnessed a major fire at its captive power plant (CPP) that gutted a more than ten year generator transformer.

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Power Grid Plans Reverse E-Auction To Appoint A Strategy Consultant

Power Grid Plans Reverse E-Auction To Appoint A Strategy Consultant

State-owned Power Grid Corp. of India Ltd (PGCIL) has invited bids from potential aspirants for the role of a a consultant in firming up its growth strategy.

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Up’s Electricity Quest May Hold The Key To Indian Power Sector Revival

Up’s Electricity Quest May Hold The Key To Indian Power Sector Revival

The Bharatiya Janata Party (BJP) government’s promise to provide round- the-clock electricity from October 2018 in Uttar Pradesh may hold the key to revive India’s electricity demand.

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Coal Ministry Mulls Easing Evacuation Mode Before Third Tranche Of Linkage Auction

Coal Ministry Mulls Easing Evacuation Mode Before Third Tranche Of Linkage Auction

With the third tranche of linkage auction on the anvil, the coal ministry now wants to adopt a flexible mode of transportation using both the roadways and railways for easy evacuation of coal.

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Govt May Seek SBI Capital Markets’ Aid To Resolve Stressed Power Assets

Govt May Seek SBI Capital Markets’ Aid To Resolve Stressed Power Assets

The National Democratic Alliance (NDA) government is looking to take the assistance of SBI Capital Markets Ltd in its effort to tackle the issue of stressed assets in the power sector.

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India’s 1 GW Kurnool Solar Park on Verge of Grid Synchronization

India’s 1 GW Kurnool Solar Park on Verge of Grid Synchronization

India will tomorrow become the home of the world’s largest operational solar PV plant when the 1 GW Kurnool solar park in the state of Andhra Pradesh is fully connected to the grid.

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Global Crude Oil Price of Indian Basket Was US$ 45.64 Per bbl On 11.07.2017

Global Crude Oil Price of Indian Basket Was US$ 45.64 Per bbl On 11.07.2017

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$ 45.64 per barrel (bbl) on 11.07.2017.

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Natural Gas Sector Will See More Market-friendly Reforms: Oil Minister Dharmendra Pradhan

Natural Gas Sector Will See More Market-friendly Reforms: Oil Minister Dharmendra Pradhan

India's natural gas sector will see more market-friendly reforms which will help create a trading hub in the country, Oil Minister Dharmendra Pradhan told a gathering of investors at the 22nd World Petroleum Congress in Istanbul, Turkey.

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BP CEO Says He's Not Expecting Big Rise In Oil Price, Says Market Balanced On A Daily Basis

BP CEO Says He's Not Expecting Big Rise In Oil Price, Says Market Balanced On A Daily Basis

Despite recent volatility in the price of oil, the CEO of BP believes the market is currently balanced and production is meeting demand on a daily basis.

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Reliance Industries Hits Over 9-year High; Stock Up 41% In 2017

Reliance Industries Hits Over 9-year High; Stock Up 41% In 2017

Reliance Industries (RIL) hit an over 9-year high of Rs 1,525, up 2% on BSE in early morning trade.

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U.S. Crude Stockpiles Plunge More Than Expected -EIA

U.S. Crude Stockpiles Plunge More Than Expected -EIA

U.S. crude stocks plunged more than expected last week as imports declined, while gasoline stocks decreased and distillate inventories rose, the Energy Information Administration said on Wednesday.

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Reliance

Green Nod To RILFor Rs 2,100 Crore Expansion Of Petrochem Complex

The government today gave green signal to Reliance Industries Ltd for expansion of its petrochemical complex in Gujarat, entailing investment of Rs 2,100 crore.

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India Building Natural Gas Trading Hub: Dharmendra Pradhan

India Building Natural Gas Trading Hub: Dharmendra Pradhan

India’s natural gas sector will see more market-friendly reforms which will help create a trading hub in the country, Oil Minister Dharmendra Pradhan told a gathering of investors at the 22nd World Petroleum Congress in Istanbul, Turkey.

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Saudi Cuts August Oil Exports To Lowest Level To Meet Domestic Demand

Saudi Cuts August Oil Exports To Lowest Level To Meet Domestic Demand

Saudi Arabia will cut crude oil shipments to its customers in August by more than 600,000 barrels per day to balance the rise in domestic consumption during the summer, while staying within its OPEC production commitment, a Saudi industry source said.

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Now, OPEC Says India’s Galloping Economic Expansion Will Surpass China’s Slowing Growth

Now, OPEC Says India’s Galloping Economic Expansion Will Surpass China’s Slowing Growth

India’s economic growth will accelerate to 7.5% in the next year 2018, widening the lead over China, whose economic expansion will slow further to 6.2%, the largest oil producing bloc OPEC said today in its monthly report, adding to a host of other recent predictions about India’s economic growth outpacing that of China.

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Sri Lanka to go Ahead With LNG Plants of India, Japan

Sri Lanka to go Ahead With LNG Plants of India, Japan

Sri Lanka’s cabinet has approved a proposal to issue letters of intent to build two LNG power plants in the island.

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Govt Eyes Rs 50,000 Cr Windfall; May Ask ONGC To Pay 40%-50% Premium For HPCL Stake Buyout

Govt Eyes Rs 50,000 Cr Windfall; May Ask ONGC To Pay 40%-50% Premium For HPCL Stake Buyout

The government seems to be eyeing not only long term strategic benefits, but also an immediate cash bonanza from its ambitious plan to create a giant energy company of the global scale

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India Wants $300 Billion in Oil Spending to Meet Growing Demand

India Wants $300 Billion in Oil Spending to Meet Growing Demand

India wants $300 billion in investments over the next 10 years to satisfy accelerating demand in the world’s fastest-growing oil market.

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Energy Consumption in India to Double by 2035: Dharmendra Pradhan

Energy Consumption in India to Double by 2035: Dharmendra Pradhan

Energy consumption in India is expected to double by 2035 and the demand will continue to rise for more than a decade, Union Minister of Petroleum and Natural Gas Dharmendra Pradhan said on Wednesday.

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Need Affordable Oil Prices for Masses: Pradhan to Producers

Need Affordable Oil Prices for Masses: Pradhan to Producers

Petroleum Minister Dharmendra Pradhan has asked oil producing nations to price crude oil at "reasonable" levels to ensure availability of fuel to Indians at affordable rates.

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India Heavily Investing In Its Gas Distribution Network: Dharmendra Pradhan

India Heavily Investing In Its Gas Distribution Network: Dharmendra Pradhan

Union Minister of Petroleum and Natural Gas Dharmendra Pradhan on Tuesday said that India has invested heavily in its gas distribution network adding that in next five years, 15,000 km would be added to it.

 

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Dharmendra Pradhan Holds Bilateral Talks With Turkish Energy Minister

Dharmendra Pradhan Holds Bilateral Talks With Turkish Energy Minister

The two ministers agreed to work together on few concrete projects in coming period in areas like E&P and downstream sectors. They also agreed to work together in third countries.

 

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'Crude' History Made As India Poised To Buy Its First Ever Cargo Of US Oil

'Crude' History Made As India Poised To Buy Its First Ever Cargo Of US Oil

A remarkable development is in the pipeline, as India – the world's third largest consumer of crude oil – is poised to buy its first ever cargo from the United States, Indian officials confirmed to IBTimes UK on Wednesday (12 July).

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India's Fuel Demand Rose 0.4 Percent In June

India's Fuel Demand Rose 0.4 Percent In June

India’s fuel demand rose 0.4 percent in June compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 16.54 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

 

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India Opens 2.8 Million sq. km For Oil, Gas Bidding

India Opens 2.8 Million sq. km For Oil, Gas Bidding

India has opened up 2.8 million sq. km of area for oil and gas bidding round of India under a new Open Acreage Licensing Policy and invited global companies for investment.

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Minister Of Railways Shri Suresh Prabhakar Prabhu Launched Various Railway Initiatives

Minister Of Railways Shri Suresh Prabhakar Prabhu Launched Various Railway Initiatives

Minister of State for Railways Shri Rajen Gohain was specially present to grace the occasion.

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Railways To Enable Flight Bookings Through Its App

Railways To Enable Flight Bookings Through Its App

Travellers can now book air tickets through a new mobile application which will be launched this week by the Railways.

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suresh prabhu

Railways Making Efforts To Bring Railway System On Digital Platform: Suresh Prabhu

Railway Minister Suresh Prabhu on Wednesday said that efforts are being made to bring the entire railway system on digital platform to reduce costs.

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Suresh Prabhu Launches Railcloud For Server Optimisation

Suresh Prabhu Launches Railcloud For Server Optimisation

In a significant IT initiative, the Railways today launched RailCloud - a virtual server with an inbuilt security system to optimise server usage and faster connectivity.

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Cabinet Approves Highway Linking Manipur With Myanmar

Cabinet Approves Highway Linking Manipur With Myanmar

The Union Cabinet on Wednesday approved upgradation of a 65-km-long National Highway in Manipur to boost the state’s connectivity with south and southeast Asia via Myanmar.

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Gadkari Promises Strict Action in NHAI Bribery Case

Gadkari Promises Strict Action in NHAI Bribery Case

The government has zero tolerance for corruption and strict action will be taken if any NHAI official is found guilty of taking bribe from US- based CDM Smith Inc, Union Minister Nitin Gadkari said today.

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