​GOOD MORNING INDIA!

November 14, 2018, Wednesday

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

India's Solar Capacity Reaches 13,652 MW From 3750 MW in 2 Years: Piyush Goyal

India's Solar Capacity Reaches 13,652 MW From 3750 MW in 2 Years: Piyush Goyal

India has added 13,652 MW of solar generation capacity as at the end of July, with seven states including Andhra Pradesh, Gujarat and Karnataka crossing 1,000 MW mark, Union power minister Piyush Goyal told parliament on Thursday.

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NLC Investing Heavily In Renewables But Also Eyeing Stressed Coal-Fired Power Plants For Acquisition

NLC Investing Heavily In Renewables But Also Eyeing Stressed Coal-Fired Power Plants For Acquisition

State-owned NLC India is investing aggressively in renewable energy even as it eyes stressed coal-fired generating stations in the market for acquisition a part of its inorganic growth strategy.

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Piyush Goyal Should Be Referred To As Dr "Professor", Quips Sumitra Mahajan

Piyush Goyal Should Be Referred To As Dr "Professor", Quips Sumitra Mahajan

Piyush Goyal is attracting a lot of attention for his knowledge of the power sector and rightly so.

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Under BJP, UP Moves To Bite Bullet On Power Tariff Hike

Under BJP, UP Moves To Bite Bullet On Power Tariff Hike

Under the BJP government, UP's power sector is on the revival path. After dithering for years over implementation of bold measures to bridge the revenue gap and restore UP Power Corporation Ltd's financial health, the state has decided to bite the bullet on tariff increase for non-industrial consumers.

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Piyush Goyal Confident All Villages Would Be Electrified by Next May

Piyush Goyal Confident All Villages Would Be Electrified by Next May

All households in the country will be electrified before August 15, 2022 and all villages before May next year, the Lok Sabha was informed on Thursday.

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19 Hydel Projects Under Construction In Himalayan Region

19 Hydel Projects Under Construction In Himalayan Region

Nineteen hydro-electric projects of various capacities are under construction in the Himalayan region, the Lok Sabha was informed on Thursday

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Bharat 22 Will Give A Fillip To Energy Infrastructure Plans: Piyush Goyal

Bharat 22 Will Give A Fillip To Energy Infrastructure Plans: Piyush Goyal

Union power minister Piyush Goyal has said that the new exchange traded fund, Bharat 22, will provide a big boost to the power and energy sector infrastructure development plans by helping the government raise necessary funds via disinvestment programme.

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NTPC

NTPC Shifts Focus To Renewables Over Coal-Fired Capacity

India’s largest power generation company, NTPC is shifting its focus to renewable energy and going slow on coal-fired generation capacity addition to bring its business plan in line with the government’s priority to fight climate change.

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mine

CIL To Shut Down 100 Unprofitable Mines Over Next 2-3 Years

State-owned Coal India will shut nearly 100 unprofitable mines over the next two-three years. Of these, 37 will close down operations this year.

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Commitment

India Signs Second Commitment Period Of Kyoto Protocol

Reaffirming its commitment to fight the climate change, India has ratified the second commitment period of the Kyoto Protocol that commits countries to reduction of greenhouse gases.

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Energy Boom

What Al Gore’s ‘Truth To Power’ Misses: India’s Renewable Energy Boom

India plays an important role in Al Gore's new movie, An Inconvenient Sequel: Truth to Power. The film looks at India to highlight the challenges developing nations face as they seek to move away from conventional, polluting coal energy toward clean but less established sources of renewable energy.

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NCLT Says No To Deloitte’s Vijaykumar V Iyer As IRP In Rs 44,000 Crore Lanco Infratech Case

NCLT Says No To Deloitte’s Vijaykumar V Iyer As IRP In Rs 44,000 Crore Lanco Infratech Case

The National Company Law Tribunal (NCLT) has turned down the appointment of Vijaykumar V Iyer of consultants Deloitte as an interim resolution professional (IRP) to resolve the Rs 44,000-crore Lanco Infratech default, putting an end to big firms taking up multiple assignments that they cannot do justice to.

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water

Hopes Raised For Pakistan-india Water Dispute Resolution

A constructive engagement between Pakistan and India during a latest round of water talks held here has raised hopes for an amicable resolution of the dispute, according to a top international expert.

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coal

Adani Picks Funding Advisor For Giant Australia Coal Mine: Sources

Adani Enterprises has appointed corporate finance firm Grant Samuel to advise on funding for its multi-billion dollar coal mine in the Australian outback, two sources with knowledge of the matter said on Thursday.

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power

HCC Wins Hydro Power Contract Worth Rs 810 Crore In Jammu And Kashmir

Hindustan Construction Company(HCC) today said it has bagged a contract worth Rs 810 crore from Jammu and Kashmir State Power Development Corporation.

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Global Crude Oil Price Of Indian Basket Was Us$ 51.59 Per Bbl On 09.08.2017

Global Crude Oil Price Of Indian Basket Was Us$ 51.59 Per Bbl On 09.08.2017

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$ 51.59* per barrel (bbl) on 09.08.2017.

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India Set To Unveil New Biofuel Policy In Bid To Cut Oil, Gas, Coal Imports: Minister

India Set To Unveil New Biofuel Policy In Bid To Cut Oil, Gas, Coal Imports: Minister

The government will soon bring out a new policy on biofuel to incentivize the use of the cleaner fuel, Oil Minister Dharmendra Pradhan has said.

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Seeking To Bring Down Dependence Of India In Terms Of Fuel Imports: Dharmendra Pradhan

Seeking To Bring Down Dependence Of India In Terms Of Fuel Imports: Dharmendra Pradhan

Union Minister of Petroleum and Natural Gas Dharmendra Pradhan, while addressing the Bharatiya Janata Party (BJP) Parliamentary Party meeting, on Thursday on the occasion of International Bio-Fuel Day, said Prime Minister Narendra Modi has set an target of bringing down the dependence of India on other countries as far as fuel imports are concerned.

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Gail Launches Startup Initiative ‘Pankh’

GAIL's Q1 Net Jumps Threefold On Sequential Basis

GAIL India saw a nearly threefold jump (295%) in its net profit during the April-June period from the last quarter of 2016-17

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Petronet Eyes 26 Per Cent Stake In IOC's LNG Terminal At Ennore

Petronet Eyes 26 Per Cent Stake In IOC's LNG Terminal At Ennore

India's largest importer of liquefied natural gas, Petronet has initiated talks for buying 26 per cent stake in Indian Oil Corp's under-construction 5 million tonne LNG terminal at Ennore, its Managing Director Prabhat Singh said today.

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IOC To Expand Ennore LPG Bottling Plant

IOC To Expand Ennore LPG Bottling Plant

The Indian Oil Corporation Ltd (IOCL) is planning to expand its Ennore LPG bottling plant by adding another carousel (bottling line), thus increasing the output to 20,500 tonnes per month from its present 15,000 tonnes per month. The facility will be established at a cost of ₹35.4 crore and will be completed in two years.

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Govt Projects Lower Oil Subsidy Bills For Next Two Years As Crude Languishes Near $50

Govt Projects Lower Oil Subsidy Bills For Next Two Years As Crude Languishes Near $50

The government is hoping for lower subsidy bills over next two years as the global crude oil market struggles to rise despite the historic agreement between Opec and non-Opec producers to cut output. The government has budgeted Rs 25,000 crore toward petroleum subsidy in the current fiscal.

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Roy Franklin

Premier Oil Names Roy Franklin As Chairman

Premier Oil Plc has hired oil and gas industry veteran Roy Franklin as its chairman to succeed Mike Welton, who said in March that he would step down on appointment of a successor.

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AGL

Australia's AGL Advances Plans To Import LNG With $200 Million Jetty

Australia's AGL Energy said on Thursday it has provisionally picked a site in the southeast of the country to build a jetty to import liquefied natural gas (LNG), a project set to cost A$250 million ($197 million).

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Indian Oil Corporation Gets Govt Nod To Buy Us Crude Oil Every Month This Year

Indian Oil Corporation Gets Govt Nod To Buy Us Crude Oil Every Month This Year

Indian Oil Corp has received the government nod to buy one very large ship full of crude oil from the US every month this year as it looks at cheaper alternatives that have emerged due to global supply glut.

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Petroleum Subsidy

Mid-Term Expenditure Framework: Government Projects Petroleum Subsidy Falling To Rs 10,000 Crore In FY20

Modi government seems to be taking a lot of comfort from the low crude oil prices while banking on the domestic distribution reforms as it has projected a sequentially lower petroleum subsidy in the next two financial years.

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Malaysian Petronas Nasional Eyes Bigger Slice Of India Energy Pie

Malaysian Petronas Nasional Eyes Bigger Slice Of India Energy Pie

Malaysian governmentowned Petroliam Nasional Berhad, better known as Petronas, is looking to expand its operations in India by entering into more longterm contracts for supply of liquified natural gas (LNG) and scaling up its lubricants business.

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BHEL Net Up 12% in Q1

BHEL Net Up 12% in Q1

Bharat Heavy Electricals Limited (BHEL) said on Thursday its net profit rose 12 per cent to Rs 108 crore in the quarter ended June, from the same period last year.

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Nalco

Nalco’s Q1 Just A Blip, Growth Story Intact

Nalco’s stocks fell 7 percent in intraday trading on Thursday after the company reported a sharp decline in its quarterly profits, triggering share sell-off.

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Run Of Special Train Extended Between Pune And Katra

Run Of Special Train Extended Between Pune And Katra

For the convenience of railway pilgrims and spurt in passenger traffic during this season, the Northern Railways authorities have announced extension the of run of special Pune-Shri Mata Vaishno Devi Katra-Pune train. The 02135/02136 AC superfast weekly train will make two additional trips in each direction.

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Metro

Railway Station Too Far From the Metro? Mumbai Might Get Cable Cars for Faster Commute

Travelling from a Metro station to the nearest railway station is a hassle, most Mumbai Metro commuters would agree. But this hassle might soon end. If implemented, an elevated route will be introduced between the two stations, where you will commute via a travelator or a cable car.

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Railways Start Repair Work On 100-year-old Bridge

Railways Start Repair Work On 100-year-old Bridge

The repair work on 100-year-old loha pull situated at Geeta Colony has begun by the railways. The revival work costing nearly Rs 10 crore will also include repairing of two railway platforms, cycle tracks and two way roads.

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bullet train

First Bullet Train Of India Between Ahmedabad And Mumbai Closer To Reality Now; Know Details

Taking India's first bullet train closer to reality, work on the Mumbai-Ahmedabad project will commence soon, with the first tranche of $1 billion from a total loan of about $14 billion to be released during the visit of Japanese Prime Minister Shinzo Abe to the country on September 12-14.

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metro

Inadequate Traction Power Slowing Down Metro

Metro Railway, which has been unfailingly operating with a clockwork precision for 33 years while the rest of the city stumbled at traffic snarls, has in the past fortnight struggled to maintain its schedule.

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train

Suspicious Package Found On Amritsar-bound Train

Days before 70th Independence Day, security agencies in Uttar Pradesh's Amethi railway station found a suspicious unattended package on a Amritsar-bound train, reported ANI.

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