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September 24, 2018, Monday

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

India, Emerging Economies Can Attract Billions Of Dollars For Solar, Wind Power

India, Emerging Economies Can Attract Billions Of Dollars For Solar, Wind Power

As world energy markets transform at an unprecedented rate, India is at the forefront of the shift towards profitable renewables given that the country's solar belt has the potential of 749 GW for power generation.

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BHEL Pays 79% Dividend For 2016-17, Highest In 3 Years

BHEL Pays 79% Dividend For 2016-17, Highest In 3 Years

State-owned power equipment maker Bharat Heavy Electricals Ltd (BHEL) has paid a final equity dividend of 39 per cent for 2016-17.

 

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'India's Renewables To Double By 2022, Overtake EU Expansion'

'India's Renewables To Double By 2022, Overtake EU Expansion'

India's renewable energy capacity will more than double by 2022, which would be enough to overtake renewable expansion in the European Union for the first time, International Energy Agency (IEA) said in a report.

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This Army Of Women Is Battling India’s $10 Billion Power Problem

This Army Of Women Is Battling India’s $10 Billion Power Problem

India's power companies have a problem largely responsible for $10 billion a year in losses. Slum dwellers steal electricity and refuse to pay their bills.

 

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Coal India Output Rises Second Straight Month As Plants Buy More

Coal India Output Rises Second Straight Month As Plants Buy More

Coal India Ltd., the world’s biggest producer of the fuel, reported its second straight year-on-year increase in monthly production following a surge in demand from power plants.

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India, Djibouti Discuss Maritime Cooperation, Renewable Energy

India, Djibouti Discuss Maritime Cooperation, Renewable Energy

President Ram Nath Kovind on Wednesday held delegation-level talks with his Djiboutian counterpart Omar Guelleh and discussed maritime cooperation and renewable energy among other issues.

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India Can Attract Billions Of Dollars For Solar, Wind Power: IEEFA

India Can Attract Billions Of Dollars For Solar, Wind Power: IEEFA

As world energy markets transform at an unprecedented rate, India is at the forefront of the shift towards profitable renewables given that the country's solar belt has the potential of 749 GW for power generation.

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In A First, India Set To Overtake European Union In Renewable Energy Expansion

In A First, India Set To Overtake European Union In Renewable Energy Expansion

With the Modi government’s mega push for clean energy generation capacities, India is set to overtake the European Union in expansion of new renewable energy generation capacity for the first time, according to the International Energy Agency(IEA).

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Time To Shine: Solar Power Is Fastest-Growing Source Of New Energy

Time To Shine: Solar Power Is Fastest-Growing Source Of New Energy

Solar power was the fastest-growing source of new energy worldwide last year, outstripping the growth in all other forms of power generation for the first time and leading experts to hail a “new era”.

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Hydro Power Generation: High Tariff, Green Clearances Trouble Sector

Hydro Power Generation: High Tariff, Green Clearances Trouble Sector

Huge time and cost overruns, high upfront cost to establish projects, long-drawn process to get green clearances, additional cess imposed by various state governments on projects.

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NLC India Invites Global Bids To Develop Coal Mines In Odisha

NLC India Invites Global Bids To Develop Coal Mines In Odisha

State-owned Neyveli Lignite Corporation has invited global and domestic firms to develop and operate its two coalmines with a production capacity of 20 MTPA in Odisha.

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Greenko Group Looks To Invest $750 Million In Power Assets

Greenko Group Looks To Invest $750 Million In Power Assets

Given the uncertainties surrounding India’s renewable energy industry, Hyderabad-based Greenko Group is planning a $750 million equity investment for buying power transmission and distribution (T&D) assets to diversify.

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Wind Tariffs May Fall Further In Next Sale

Wind Tariffs May Fall Further In Next Sale

The wind energy industry is bracing for a further fall in tariffs as auction of projects, which attracted record-low bids in February and prompted utilities to seek low rates from old plants, resume this week.

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Petrol Prices Down By Rs 2.5/L, Diesel By Rs 2.25 Post Excise Duty Cut

Petrol Prices Down By Rs 2.5/L, Diesel By Rs 2.25 Post Excise Duty Cut

Petrol price was on Wednesday cut by Rs 2.5 per litre and diesel by Rs 2.25 following the reduction in excise duty on auto fuels.

 

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Petrol, Diesel Prices To Fall Even More Now? Here’s What Centre Has Done To Make Your Ride Cheaper

Petrol, Diesel Prices To Fall Even More Now? Here’s What Centre Has Done To Make Your Ride Cheaper

In a big move, Centre has decided to ask state governments to cut the value-added tax (VAT) on fuel in order to provide further relief to consumers.

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Arun Jaitley Urges States To Cut VAT On Petrol, Diesel

Arun Jaitley Urges States To Cut VAT On Petrol, Diesel

After the Centre taking a hit of Rs 26,000 crore by cutting excise duty on oil, Finance Minister Arun Jaitley today nudged states to cut sales tax or VAT on petrol and diesel to provide further relief to consumers from high fuel prices.

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Global Crude Oil Price Of Indian Basket Was US$ 55.02 Per Bbl On 3.10.2017

Global Crude Oil Price Of Indian Basket Was US$ 55.02 Per Bbl On 3.10.2017

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$ 55.02 per barrel (bbl) on 3.10.2017.

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India Needs Policy To Double Natural Gas Contribution In Energy Mix: GAIL Chairman

India Needs Policy To Double Natural Gas Contribution In Energy Mix: GAIL Chairman

India needs an overarching policy aimed at doubling the consumption of natural gas in the country’s energy mix to 15 per cent from the current 6 per cent.

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Petrol Price Down Rs 2.50 A Litre, Diesel By Rs 2.25

Petrol Price Down Rs 2.50 A Litre, Diesel By Rs 2.25

Petrol price was on Wednesday cut by Rs 2.50 per litre and diesel by Rs 2.25 following the reduction in excise duty on auto fuels.

 

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India Widens Its Oil Basket As US Begins Exports, But Energy Security Still Hinges On West Asia

India Widens Its Oil Basket As US Begins Exports, But Energy Security Still Hinges On West Asia

On October 2, as the nation celebrated Gandhi Jayanti, a cargo of 1.6 million barrels (about 225,000 tonnes) of US crude oil was received at Paradip port, making it the first import of American oil by India.

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'GAIL (India) Working On Renegotiating LNG Supply Deals'

'GAIL (India) Working On Renegotiating LNG Supply Deals'

GAIL (India) is working towards lowering the supply cost of imported liquefied natural gas (LNG) by reworking the existing deals.

 

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Natural Gas Price Hike To Boost Margins At OIL, ONGC, GAIL – India Ratings

Natural Gas Price Hike To Boost Margins At OIL, ONGC, GAIL – India Ratings

The recent gas price increase will improve the profitability of gas production operations of Oil India and ONGC, India Ratings said, while also benefiting transporter GAIL.

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ADB $500 Million Funding Soon For Private Sector Infrastructure In Asia And Pacific

ADB $500 Million Funding Soon For Private Sector Infrastructure In Asia And Pacific

Asian Development Bank (ADB) today said it is actively processing USD 500 million (about Rs 3,275 crore) as debt and equity funding for private infrastructure projects in countries.

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'India, Finland Can Cooperate In Smart City, Energy Sectors'

'India, Finland Can Cooperate In Smart City, Energy Sectors'

Finland can help India in achieving a cleaner environment and sustainable development by sharting its expertise in sectors such as energy and smart city, a top Finnish minister said today.

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Chabahar Port Project Will Be An Engine Of Growth For India, Iran And Afghanistan, Says Consul General Of Iran

Chabahar Port Project Will Be An Engine Of Growth For India, Iran And Afghanistan, Says Consul General Of Iran

Masood Ebrahimi Khaleghi, Consul General, Islamic Republic of Iran, recently spoke on India – Iran Cultural Ties.

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DMRC Justifies Delhi Metro Fare Hike, Says Rates Stagnant Since 2009

DMRC Justifies Delhi Metro Fare Hike, Says Rates Stagnant Since 2009

The Delhi Metro Rail Corporation (DMRC), which had seen its ridership impacted by an increase in fares a few months back, is now under pressure from the Delhi government to not to go for a second phase of tariff increase from October 10.

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Bangladesh Signs $4.5bn 3rd LOC Deal With India

Bangladesh Signs $4.5bn 3rd LOC Deal With India

The government has signed a $4.5 billion Line of Credit (LOC) agreement with India.

 

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Cabinet Approves Renaming Kandla Port As Deendayal Port

Cabinet Approves Renaming Kandla Port As Deendayal Port

The government has decided to rename Gujarat’s Kandla port as Deendayal port. The ex-post facto approval was given by the Union Cabinet in its meeting on Wednesday.

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Elphinstone Road Stampede Aftermath: Maharashtra Govt, Railways Scramble To 'fast Track' Safety, Improve Infrastructure

Elphinstone Road Stampede Aftermath: Maharashtra Govt, Railways Scramble To 'fast Track' Safety, Improve Infrastructure

In the aftermath of a stampede on a foot-over bridge at the Elphinstone Road suburban railway station in Mumbai, that led to the loss of 23 lives and left 37 injured, the Maharashtra government and the railway administration have sprung into action after facing flak from all corners.

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Rs 29,000 Cr For Elevated Tracks Futile

Rs 29,000 Cr For Elevated Tracks Futile

Union Railway minister Piyush Goyal on Saturday questioned the need for spending Rs 28,500 crore to run the AC trains on the ambitious Bandra-Virar and Chhatrapati Shivaji Maharaj Terminus-Panvel Elevated rail corridors.

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Three Coaches Of Goods Train Derail In UP

Three Coaches Of Goods Train Derail In UP

Three coaches of a goods train derailed in Uttar Pradesh on Wednesday, officials said. No casualty or injury has, however, been reported so far.

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Australia Shares End Lower As Financials, Resources Drag

Australia Shares End Lower As Financials, Resources Drag

Australian shares ended lower on Wednesday as a decline in oil prices dented energy-related stocks, while a weaker local currency prompted some investors to trim their exposure to local assets.

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Cabinet Approves Rail Sector MoU Between India And Switzerland

Cabinet Approves Rail Sector MoU Between India And Switzerland

The Union Cabinet has approved a Memorandum of Understanding between India and Switzerland on rail cooperation, the government said Wednesday.

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Indian Railways To Add 30 MW Of Additional Rooftop Solar

Indian Railways To Add 30 MW Of Additional Rooftop Solar

Indian firms Azure Power (NYSE:AZRE) and Fourth Partner Energy have secured contracts to install 30 MW of rooftop solar power facilities for Indian Railways.

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Delay In Central Line Train Services In Mumbai

Delay In Central Line Train Services In Mumbai

The train services on the Central line were affected due to fog on Tuesday morning beyond Dombivli station and trains towards CSMT were running 30-40 minutes late.

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No Service Charge On Rail Tickets Booked Online Till March 2018

No Service Charge On Rail Tickets Booked Online Till March 2018

In a good news for rail passengers, they will enjoy service charge exemption on tickets booked online till March 2018.

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Indian Rail Needs Revamp; But So Do Indians

Indian Rail Needs Revamp; But So Do Indians

“You don’t try to get into the train. The crowd will do it for you. All you have to do is just let the crowd take you. And remember, don’t push and don’t resist a push from behind!”

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On Track: A Dedicated Train To Witness Sambhar's Salt Pans

On Track: A Dedicated Train To Witness Sambhar's Salt Pans

Tourists visiting the state of Rajasthan will now have yet another train to witness the flora and fauna of the state. A dedicated train for viewing the Sambhar Lake is being planned in the state.

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India Set To Become World’s Fastest Growing Energy Market

India Set To Become World’s Fastest Growing Energy Market

Moody’s predicts India will surpass China as the fastest growing energy market in the world by the end of next year, according to a new report by the credit rating agency.

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