​GOOD MORNING INDIA!

November 20, 2018, Tuesday

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

​STORY OF THE DAY

Big Boost For Narendra Modi Government, Imf Says Growth In India To Pick Up In 2017, Beat China

Big Boost For Narendra Modi Government, Imf Says Growth In India To Pick Up In 2017, Beat China

India will stay ahead of China on the growth curve in 2017 and 2018, said the International Monetary Fund (IMF) while retaining the country’s GDP forecast at 7.2 per cent for the current fiscal.

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Carbon Footprint Cuts: Electric Vehicles Set To Get Big Boost From Narendra Modi Government; Know How It Will Impact You

Carbon Footprint Cuts: Electric Vehicles Set To Get Big Boost From Narendra Modi Government; Know How It Will Impact You

Close to half of the motor vehicles on Indian roads will run on electricity by 2030, if the meets the goals set under under action plan to curb use of fossil fuels.

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In Two Years Solar Energy For Residential Sector Would Be Cheaper Than Electricity Grid: Solar Players

In Two Years Solar Energy For Residential Sector Would Be Cheaper Than Electricity Grid: Solar Players

In the next two years, solar power will be cheaper than the electricity grid in the residential sector, says solar energy provider SunSource Energy which on Monday successfully implemented the first two phases of a 100 MW solar project in South East Asia.

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Pace Of Village Electrification, 13,872 Out of 18,452 Villages Electrified Till 30th June 2017

Pace Of Village Electrification, 13,872 Out of 18,452 Villages Electrified Till 30th June 2017

Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal, in a written reply to a question in Rajya Sabha on Monday informed that as per information provided by the States, 13,872 un-electrified census villages have been reported to be electrified up to 30th June, 2017, out of 18,452 un-electrified villages in the country as on 1st April, 2015.

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Chinese Solar Imports Under Probe Lens, Again

Chinese Solar Imports Under Probe Lens, Again

The Directorate General of Anti-Dumping (DGAD) has again started a probe to ascertain if dumping of solar panel imports from China, Malaysia and Taiwan is hurting the domestic industry.

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JSW Energy May Call Off Buying Bina Power, Puts Toshiba, Jv In Cold Storage

JSW Energy May Call Off Buying Bina Power, Puts Toshiba, Jv In Cold Storage

JSW Energy has put its power equipment manufacturing joint venture with Toshiba on the backburner and is on the verge of calling off its Rs 2,700 crore deal to acquire Bina Power from Jaiprakash Power Ventures, as the company changes its strategy to face the challenges in the sector.

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Buy Abroad Diktat Doesn't Worry India's Solar Sector

Buy Abroad Diktat Doesn't Worry India's Solar Sector

United States had requested consultations with India concerning certain measures of the country relating to domestic content requirements for solar cells and solar modules.

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GVK Power Zooms 40% In Two Days; Equity Intelligence India Buys 1% Stake

GVK Power Zooms 40% In Two Days; Equity Intelligence India Buys 1% Stake

GVK Power & Infrastructure hit a 52-week high of Rs 11.70, extending its Friday’s 20% surge on the National Stock Exchange (NSE), after Equity Intelligence India Private Limited bought an over 1% stake in the company through open market purchases.

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Govt Initiates Dumping Probe Into Chinese Solar Imports

Govt Initiates Dumping Probe Into Chinese Solar Imports

India opened a probe into whether Chinese solar-equipment makers are hurting its domestic industry by dumping inventories and driving down prices to unfair levels.

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Coal India Invites Power Producers For Linkage Auction

Coal India Invites Power Producers For Linkage Auction

State-run Coal India Ltd (CIL) has invited applications from independent power producers to take part in the auction of coal linkages under the Scheme for Harnessing and Allocating Koyala Transparently in India (Shakti), a notice said on Monday. 

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Coal India Will Shut Down High-risk Mines Beyond Mitigation

Coal India Will Shut Down High-risk Mines Beyond Mitigation

State-owned Coal India will close down high-risk mines that are beyond mitigation, Parliament was informed on Monday.

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Independent Power Generators Risk Coal Supply Deals By Skipping Auctions

Independent Power Generators Risk Coal Supply Deals By Skipping Auctions

Independent power generators that do not participate in the announced auction for coal supply or do not offer any discounts on existing tariffs will not get another chance to secure long term coal supply contracts from Coal India, the company has decided.

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14 Stalled Hydro Projects Leading To Cost Overrun Of Rs 25,594 Crore: Govt

14 Stalled Hydro Projects Leading To Cost Overrun Of Rs 25,594 Crore: Govt

Fourteen under construction hydro power projects of above 25 Mw have been stalled due to various reasons, leading to cost overrun of Rs 25,593.78 crore, the government said on Monday.

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Global Crude Oil Price of Indian Basket Was US$ 48.10 per bbl on 21.07.2017

Global Crude Oil Price of Indian Basket Was US$ 48.10 per bbl on 21.07.2017

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$ 48.10 per barrel (bbl) on 21.07.2017.

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$23 Billion To Be Invested In Kg Basin's Oil & Gas Fields: Dharmendra Pradhan

$23 Billion To Be Invested In Kg Basin's Oil & Gas Fields: Dharmendra Pradhan

About $23 billion is planned to be invested in the oil and gas fields of the KG Basin, Oil Minister Dharmendra Pradhan told Parliament on Monday.

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Saudi-led Oil Producers Face 'mission Impossible' As They Patch Up Oil Output Deal

Saudi-led Oil Producers Face 'mission Impossible' As They Patch Up Oil Output Deal

OPEC production cheats part of historical pattern: Eurasia's Greg Priddy OPEC production cheats part of historical pattern: Eurasia's Greg Priddy

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Natural Gas Production Up 6.05% During June

Natural Gas Production Up 6.05% During June

Natural gas production during June 2017 was 6.05 per cent higher than production during June 2016. According to an official statement from the Ministry of Petroleum and Natural Gas, India’s gas production during June 2017 stood at 2,755.48 MMSCM.

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ONGC, OIL Push Crude Oil Output Up By 0.24%, Natural Gas By 4%

ONGC, OIL Push Crude Oil Output Up By 0.24%, Natural Gas By 4%

The country's crude oil output rose 0.24 per cent and natural gas production was up 4.04 per cent in the June quarter of 2017 due to a push from state-run companies like Oil and Natural Gas Corporation (ONGC) and Oil India (OIL).

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Oil Gains Ahead Of Producer Meeting; Nigeria, Libya Output In Focus

Oil Gains Ahead Of Producer Meeting; Nigeria, Libya Output In Focus

Oil prices gained on Monday after a steep fall the session before, buoyed by expectations that a joint OPEC and non-OPEC meeting later in the day may address rising output in Nigeria and Libya, two OPEC members so far exempt from a push to cut production.

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Govt To Sell Entire Stake In HPCL To ONGC, Says Oil Minister Dharmendra Pradhan

Govt To Sell Entire Stake In HPCL To ONGC, Says Oil Minister Dharmendra Pradhan

Hindustan Petroleum Corp Ltd (HPCL) will become India’s third largest oil refiner after state-owned ONGC acquires government’s entire 51.11% stake, oil minister Dharmendra Pradhan said on Monday.

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Brand HPCL Will Remain Intact As It Is: Dharmendra Pradhan, Oil Minister

Brand HPCL Will Remain Intact As It Is: Dharmendra Pradhan, Oil Minister

Today you have presented the papers which will in a way formalise the ONGC-HPCL merger. Help us understand the timelines for it and how the valuations will be done?

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Essar Projects Commissions Coke Drum Structure Packages For BPCL’s Kochi Refinery

Essar Projects Commissions Coke Drum Structure Packages For BPCL’s Kochi Refinery

Essar Projects India Ltd. (EPIL), a leading EPC contractor, today announced the successful testing and commissioning of the Coke Drum Structure Package (CDSP) for Bharat Petroleum Corporation Limited’s Kochi Refinery (BPCL-KR). The contract value of this package is Rs. 645 crores.

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Southchinasea: Vietnam Ends Drilling In Gas Field Over China Threats

Southchinasea: Vietnam Ends Drilling In Gas Field Over China Threats

Strong threats from China have led Vietnam to reportedly end a gas-drilling expedition in a disputed area of the South China Sea.

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Mjunction Appointed To Build A Platform For E-bidding, E-Evaluation Of Bids And E-allocation Of Oil & Gas Fields

Mjunction Appointed To Build A Platform For E-bidding, E-Evaluation Of Bids And E-allocation Of Oil & Gas Fields

mjunction services limited, one of the country's largest e-commerce companies and a 50:50 joint venture between Steel Authority of India Ltd and Tata Steel, has been appointed by the Directorate General of Hydrocarbons (DGH) to build a platform for e-bidding, e-evaluation of bids, and e-allocation of oil and gas fields.

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Around Rs 7 Lakh Cr To Be Spent On Building Roads By 2021-22

Around Rs 7 Lakh Cr To Be Spent On Building Roads By 2021-22

It would cost around Rs 7 lakh crore for development of national highways and other roads under various government schemes and proposed Phase-I of Bharatmala programme up to 2021-22, Parliament was told on Monday.

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Bharatmala

Driverless Cars Won’t Be Allowed In India, Says Union Minister Nitin Gadkari

Union minister Nitin Gadkari today said driverless cars will not be allowed in India as it will lead to joblessness.

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Solar DEMU Trains Start Rolling: This Is How Much Indian Railways Will Save

Solar DEMU Trains Start Rolling: This Is How Much Indian Railways Will Save

The Indian Railways’ newly launched solar diesel multiple unit trains (DEMU) are expected to save hundreds of crores for the government in fuel bills as well as reduce the carbon emissions.

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Rs 1 Lakh Cr Of Contracts Given For National Highways Upgrades

Rs 1 Lakh Cr Of Contracts Given For National Highways Upgrades

The government has awarded contracts worth over Rs 1.09 lakh crore for two- and four-laning of national highways in Madhya Pradesh, Rajasthan, Chhattisgarh, Maharashtra, Odisha and Jharkhand since 2014-15, Parliament was told on Monday.

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IRB Infrastructure To Add One More Road Project To InvIT Portfolio

IRB Infrastructure To Add One More Road Project To InvIT Portfolio

At its board meeting held on Monday, IRB Infrastructure Developers (IRB) has approved adding another road project to the company-promoted infrastructure investment trust (InvIT).

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