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November 21, 2018, Wednesday

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

IFC Plans $6 Billion Investment In India

IFC Plans $6 Billion Investment In India

International Finance Corporation (IFC), a World Bank Group member, is planning to invest up to $6 billion in India over the next five years to support initiatives in renewable energy and green buildings, said a top official of the institution.

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Oil Majors See Salvation In Gas, But What If It's A Wrong Bet?

Oil Majors See Salvation In Gas, But What If It's A Wrong Bet?

Talk to a major oil executive these days, and the chances are they’ll steer the conversation toward gas.

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World Bank To Draw Up Plan For Railways’ Rs 5 Lakh Crore Makeover

World Bank To Draw Up Plan For Railways’ Rs 5 Lakh Crore Makeover

The World Bank will help draw up a granular makeover blueprint for the Indian Railways, which is investing Rs 5 lakh crore to transform itself from a colonial-era mass transporter into a strategic platform underpinning growth in Asia’s third-biggest economy.

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Narendra Modi Welcomes Australia To International Solar Alliance

Narendra Modi Welcomes Australia To International Solar Alliance

Prime Minister Narendra Modi on Tuesday welcomed Australia to the International Solar Alliance (ISA) and said its membership will provide a great boost to the initiative.

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Renew Eyes Orange's Portfolio In $950 Million Deal To Bulk Up Before IPO

Renew Eyes Orange's Portfolio In $950 Million Deal To Bulk Up Before IPO

Sumant Sinha led ReNew Power Ventures Pvt Ltd, a Goldman Sachs backed clean energy company -- is in active discussions with Orange Renewable to acquire its portfolio of a little over 600 MW of predominantly wind and a smattering of solar assets for Rs 6175 crore ($950 million) of enterprise valuation, according to multiple officials in the know.

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IFC To Invest USD 1 Bn In India For Green Buildings

IFC To Invest USD 1 Bn In India For Green Buildings

With a view to support India's green building initiative, International Finance Corporation (IFC) is planning to invest over USD one billion in next five years, a senior official today said.

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UP Electricity Regulator Cancels PPAS Of Bajaj Energy Units With UPPCL

UP Electricity Regulator Cancels PPAS Of Bajaj Energy Units With UPPCL

The UP Electricity Regulatory Commission has cancelled power purchase agreements with five power units owned by Bajaj Energy because of the higher cost.

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Indian Wind Turbine Supplier Suzlon Energy To Close Brazilian Business

Indian Wind Turbine Supplier Suzlon Energy To Close Brazilian Business

Suzlon Energy, the India-based renewable energy solution provider has announced the closing of its Brazilian operations carried out by its subsidiary Suzlon Energia Eólica do Brasil (SEOB).

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Tamil Nadu Power Utility To Save Rs 2,000 Crore Per Year In Discounts

Tamil Nadu Power Utility To Save Rs 2,000 Crore Per Year In Discounts

It is raining discounts for Tamil Nadu Generation and Distribution Corporation (Tangedco) from private thermal renewable energy companies.

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Essar Power Gujarat Delivers strong half year performance

Essar Power Gujarat Delivers strong half year performance

Essar Power Gujarat Ltd on Tuesday announced a 33% growth in EBITDA in the half year ending 30 September 2016 over the previous fiscal.

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Power Grid Integration To Quicken Renewables Makeover

Power Grid Integration To Quicken Renewables Makeover

When the sun shines brightly, it’s manna from heaven for a solar producer. But for an electricity distributor, the surge in the power lines can be a nightmare.

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Wind, Solar Do Not Harm Power Grid Reliability-Draft U.S. Study

Wind, Solar Do Not Harm Power Grid Reliability-Draft U.S. Study

The growth of renewable power, including wind and solar, has not harmed the reliability of the U.S. electricity grid, according to a draft U.S. Department of Energy study, echoing the findings of grid operators across the country.

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Coal India's 10 Per Cent Stake Sale Deferred As Scrip Plunges

Coal India's 10 Per Cent Stake Sale Deferred As Scrip Plunges

The government has decided to defer stake sale in Coal India this year after the share price fell sharply, close to a 52-week low, making it impossible to fetch the sum it hoped for, company officials said.

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PTC India Hits 52-Week High On Recent Rally

PTC India Hits 52-Week High On Recent Rally

PTC India rose 1.53% to Rs 119.45 at 12:30 IST on BSE, with the stock extending recent strong gains.

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Government Fears Solar Developers May Delay Projects To 'Gain' From Fall In Tariffs

Government Fears Solar Developers May Delay Projects To 'Gain' From Fall In Tariffs

With the steep fall in solar tariffs in the last two years, the ministry of new and renewable energy (MNRE) has written to all states to ensure that solar developers do not get “undue benefits” from the development by insisting that solar projects meet the deadlines initially set for them without any extensions.

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Global Crude Oil Price Of Indian Basket Was US$ 47.81 per bbl on 17.07.2017

Global Crude Oil Price Of Indian Basket Was US$ 47.81 per bbl on 17.07.2017

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$ 47.81 per barrel (bbl) on 17.07.2017.

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7-Year Old Dispute Haunts RIL, Shell, ONGC, As Government Slaps Rs 20,000 Crore Notice

7-Year Old Dispute Haunts RIL, Shell, ONGC, As Government Slaps Rs 20,000 Crore Notice

The government has slapped a notice on Reliance Industries, Royal Dutch Shell and ONGC, seeking $3 billion in a seven-year old dispute over cost recovery in Panna/Mukta and Tapti (PMT) oil and gas fields in the Arabian Sea

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Govt Demand For Larger Share In Profit From Oil Fields Premature: Ril

Govt Demand For Larger Share In Profit From Oil Fields Premature: Ril

The government's demand for an additional share in the profits and royalty from the contractors of Panna Mukta and Tapti oil and gas fields is "premature", Reliance Industries said in a statement on Tuesday.

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Oil India Ties Up With Two Start-ups To Treat Water Wells In Assam

Oil India Ties Up With Two Start-ups To Treat Water Wells In Assam

Oil India on Tuesday joined hands with two startp companies for treating drilling water at its wells across Assam.

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Oil India Submits Report To Centre For Gas Pipeline To Assam

Oil India Submits Report To Centre For Gas Pipeline To Assam

PSU major Oil India today said it has submitted a feasibility report to the Central government for laying gas pipeline from Barauni in Bihar to Numaligarh in Assam to tackle shortage of gas in the North Eastern state.

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Bill Introduced In LS for Setting Up Petroleum Institute In AP

Bill Introduced In LS for Setting Up Petroleum Institute In AP

A bill providing for setting up of the Indian Institute of Petroleum and Energy in Andhra Pradesh was introduced in the Lok Sabha today.

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RIL Drops On Profit Booking

RIL Drops On Profit Booking

Reliance Industries fell 1.63% to Rs 1,526 at 10:39 IST on BSE, with the stock sliding on profit booking after recent rally.

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Cabinet May Decide On Hpcl Stake Sale To ONGC Tomorrow

Cabinet May Decide On Hpcl Stake Sale To ONGC Tomorrow

Jul 18 The Cabinet is likely to consider tomorrow the sale of government's 51.11 per cent stake in Hindustan Petroleum Corp Ltd (HPCL) to Oil and Natural Gas Corp (ONGC) for over Rs 28,000 crore, a source said.

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HPCL, ONGC Merger Would Not Bring Synergy: Ambit Capital

HPCL, ONGC Merger Would Not Bring Synergy: Ambit Capital

Acquisition of government stake in HPCL by ONGC wouldn’t bring much synergy benefits to the two companies but would, instead, result in the weakening of high-performance culture at the target company, Ambit Capital has said in a report. 

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IOC-Oil India Merger On The Cards

IOC-Oil India Merger On The Cards

Even as the Union Cabinet is getting all set to bless the mega ONGC-HPCL merger, ET Now exclusively learns that the Narendra Modi government has already zeroed in on another mega transaction between PSUs to create yet one more oil behemoth.

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UP, Gujarat Top The List Of States With Highest Petrol Pump Chip Sales Fraud

UP, Gujarat Top The List Of States With Highest Petrol Pump Chip Sales Fraud

Uttar Pradesh tops the list of states which have recorded the highest number of cases of petrol sales fraud committed at retail stations through the tempering of dispensing units using high-end chips, according to the oil ministry.

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Oil PSUs To Set Up Rs 2.70 Lakh Cr Refinery In Maharashtra

Oil PSUs To Set Up Rs 2.70 Lakh Cr Refinery In Maharashtra

Union Petroleum Minister Dharmendra Pradhan on Monday said public sector oil companies have decided to set up an integrated refinery-cum-petrochemical complex with a refining capacity of 60 million metric tonnes per annum (mmtpa) at an estimated cost of Rs 2.70 lakh crore at Babulwadi in Maharashtra.

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Ultratech To Set Up Cement Plant In Madhya Pradesh

Ultratech To Set Up Cement Plant In Madhya Pradesh

UltraTech Cement plans to set up a standalone cement plant in Dhar, Madhya Pradesh to increase its capacity even as it completed the acquisition of cement assets from Jaypee Group.

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Cement Manufacturers At Forefront Of Contributing To India's Progress

Cement Manufacturers At Forefront Of Contributing To India's Progress

Cement Manufacturers' Association (CMA), the apex representative body of large cement manufacturers in India, at its 55th Annual General Meeting on Tuesday, reiterated the industry's commitment towards the government's vision for the country's progress and underlined its contribution towards India's growth story.

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Essar Bulk Terminal Signs Agreement With GMB For 1,100-Metre Jetty Expansion At Hazira

Essar Bulk Terminal Signs Agreement With GMB For 1,100-Metre Jetty Expansion At Hazira

Essar Bulk Terminal Ltd (EBTL), the operator of the Hazira port terminal facility, has said that it has signed an agreement with Gujarat Maritime Board (GMB) for expanding its captive jetty by 1100 metres.

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Gadkari To Lay Foundation For 2nd Brahmani Bridge On July 21: Oram

Gadkari To Lay Foundation For 2nd Brahmani Bridge On July 21: Oram

Union Minister for Surface Transport Nitin Gadkari will lay foundation stone of second bridge over Brahmani near Rourkela on July 21.

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GST Impact On The Infrastructure Sector

GST Impact On The Infrastructure Sector

The infrastructure sector is the backbone of the Indian economy. The government has been making efforts to boost the sector through various schemes and incentives.

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