​GOOD MORNING INDIA!

November 16, 2018, Friday

LATEST AND MOST READ STORIES OF THE WEEK IN ENERGY SPACE

MONDAY SPECIAL

Orders For New LNG Carriers To Rise On Increased Trade Volumes Of Liquefied Gas

Orders For New LNG Carriers To Rise On Increased Trade Volumes Of Liquefied Gas

Demand for new LNG carriers is expected to pick up over 2017-21 period as supplies begin from new projects in coming up in Australia, Russia, East Africa, the US and Canada and the ranks of gas-importing countries swell .

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After Great Success Of Its LED Bulbs In India And UK, EESL Preparing To Enter Malaysia Next Month

After Great Success Of Its LED Bulbs In India And UK, EESL Preparing To Enter Malaysia Next Month

After making a splash in India and the UK with its $1 LED bulbs, Energy Efficiency Services Ltd (EESL) is preparing to enter Malaysia next month with an initial plan to sell at least 10 lakh lamps.

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Concessional GST Rate Of 5% To Stay For All Solar Equipment, Clarified Minister Piyush Goyal

Concessional GST Rate Of 5% To Stay For All Solar Equipment, Clarified Minister Piyush Goyal

Union power and renewable energy minister Piyush Goyal has said that the concessional rate of 5 per cent Goods and Services Tax (GST) will apply to all solar equipment and there should be no confusion over it.

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India Will Soon Be Global Leaders In Promoting Electric Vehicles: Piyush Goyal

India Will Soon Be Global Leaders In Promoting Electric Vehicles: Piyush Goyal

Union Power Minister Piyush Goyal on Sunday expressed confidence that India will soon lead the world in promoting electric vehicles, so that cities like Mumbai, Delhi and pune can be free of pollution woes.

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MSMEs

Mid-term Eco Survey Favours Calibrated Approach On Capacity Addition In Renewables

India should take a calibrated approach on capacity addition in the renewable energy sector to avoid the risk of unintentionally rendering part of fossil fuel-fired generation capacity redundant, says the mid-term Economic Survey Tabled in parliament on Friday.

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India's Renewables Could Overtake Coal-Fired Capacity In 2027: Survey

India's Renewables Could Overtake Coal-Fired Capacity In 2027: Survey

In what reinforces bullish outlook on solar energy, India’s renewable power is projected to overtake coal-fired generation capacity in a decade from now.

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Indonesian Coal Price Surges As Chinese Imports Seen Rising On Output Cuts

Indonesian Coal Price Surges As Chinese Imports Seen Rising On Output Cuts

Indonesian coal price is surging again, as China goes ahead with planned cuts in its coal production capacity, fueling demand for imports.

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Punjab Power Watchdog Gets New Chairperson

Punjab Power Watchdog Gets New Chairperson

Retired IAS officer Kusumjit Sidhu has taken over as chairperson of Punjab State Electricity Regulatory Commission (PSERC).

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Japan Keen To Step Up Cooperation With India In Energy Sector

Japan Keen To Step Up Cooperation With India In Energy Sector

Japan is keen to expand its cooperation with India’s energy sector, especially in areas like technology for coal-fired generation that faces constraints due to climate change concerns.

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REC Has Kept Loan Portfolio Fairly Diversified To Avoid Risk Concentration

REC Has Kept Loan Portfolio Fairly Diversified To Avoid Risk Concentration

REC has fairly spread its loan exposure to avoid concentration of risks to a few borrowers. Some 10 state-owned utilities account for nearly 37 per cent of total loan amount owed to the company as at the end of June. Moreover, no single borrower accounts for more than 7 per cent of REC’s loan book.

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Tangendco's Udangudi, DVC's Bokaro Walk Away With A Third Of REC Loan Sanctions In Q1

Tangendco's Udangudi, DVC's Bokaro Walk Away With A Third Of REC Loan Sanctions In Q1

Tangedco’s 1,320 MW Udangudi and DVC’s 500 MW Bokaro are among major beneficiaries of Rs 33,868 crore loans sanctioned by REC during the quarter ended June.

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OIL AND GAS / INFRASTRUCTURE 

IOC Buys First Shale Oil From US In Diversification Push

IOC Buys First Shale Oil From US In Diversification Push

Giving a new push to its crude sourcing diversification strategy, Indian Oil has bought India’s first shale oil from the US.

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Oil Demand Might Surprise On Upside: IEA

Oil Demand Might Surprise On Upside: IEA

In what should cheer crude producers, the International Energy Agency has forecast that oil demand growth will be stronger than expected this year.

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IGL Q1 Profit Up 9%; Board Approves Stock Split In Ratio 1:5

IGL Q1 Profit Up 9%; Board Approves Stock Split In Ratio 1:5

Indraprastha Gas Limited (IGL), the supplier of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in the National Capital Territory of Delhi, Noida, Greater Noida and Ghaziabad today announced its financial results for the first quarter of FY’18, while continuing the growth momentum.

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Refiners

Indian Refiners Plan $35 Bn Investment in Petchem Projects

Mindful of threat posed by electric vehicles and renewable to the oil demand in future, India’s state-owned refiners are investing big time into petrochemical projects.

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Bond Bulls Drool As ONGC Plans To Hit Debt Market

Bond Bulls Drool As ONGC Plans To Hit Debt Market

Bond bulls are drooling as ONGC plans to hit the debt market for the first time to raise as much as $5.2 billion to buy government’s stakes in HPCL and finance its projects.

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Railway To Upgrade Capabilities To Mount Real Time Rescue Operations

Railway To Upgrade Capabilities To Mount Real Time Rescue Operations

The Indian Railway is ready with plan to upgrade its capabilities to undertake post-accident rescue and relief operations on a real-time basis

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