​GOOD MORNING INDIA!

September 24, 2018, Monday

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

Wartsila Set To Tap India’s Solar Power Potential

Wartsila Set To Tap India’s Solar Power Potential

The 5-billion euro Finnish energy systems provider, Wartsila, is looking to develop India as its biggest Asian market for battery storage solutions, given the huge potential from the country's solar power play, a top global executive told ET.

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Larsen & Toubro Bids Lowest For EESL’s Tender For Smart Meters

Larsen & Toubro Bids Lowest For EESL’s Tender For Smart Meters

Larsen & Toubro (L&T) has emerged as the lowest bidder of the tender issued by Energy Efficiency Services Limited (EESL) to procure 50 Lakh smart meters.

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Hydrogen Is Right Choice As Fuel For Automobiles: ISRO Scientist

Hydrogen Is Right Choice As Fuel For Automobiles: ISRO Scientist

As India plans to give a robust push to promote the use of electric vehicles, a top scientist says the hydrogen-based system would be the right choice in the long run given its potential to become the fuel of the next generation.

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Solar Energy

This Temple Is First In Mumbai Suburb To Use Solar Energy; Will Cut Annual Power Bill By Rs2.60 Lakh

While many religious institutions in Mumbai have installed solar power systems to reduce their dependence on electricity produced by coal and gas, the Shree Ayyappa temple in Vartak Nagar is the first shrine in Thane to tap the sun for its energy needs.

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Lenders Move To Take Control Of Essar Power Gujarat

Lenders Move To Take Control Of Essar Power Gujarat

Led by State Bank of India, lenders will invoke pledged shares to take control of Essar Power Gujarat, an arm of Ruias-promoted Essar Group.

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hybrid cars

Danfoss Talks To Indian Firms On Hybrid Car Power

Danish company Danfoss A/S is looking at the Indian automobile sector in a major way and is in talks with some automobile makers for providing its solutions for hybrid cars, said a top official.

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IPO

Indian Energy Exchange IPO Opens Today: All You Need To Know

Power trading platform, Indian Energy Exchange (IEX) will issue its IPO (Initial Public Offer) on Monday. Here are all the details about the IPO:

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POSCO

SAIL Signs Technical Pact With POSCO To Reap Benefits For IISCO Steel Plant

Steel Authority of India (SAIL) on Sunday said it has entered into a strategic agreement with POSCO for wide-ranging technical services for its IISCO Steel Plant (ISP) at Burnpur to assist in realising the benefits from the company's new plant.

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Demand Dips, Power Supply Improves

Demand Dips, Power Supply Improves

There was no load shedding in the city and category A, B, C and D areas in the state on Saturday following a sharp decline in power shortfall by 1,200MW.

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4 Ways Indian Companies Are Fighting Climate Change

4 Ways Indian Companies Are Fighting Climate Change

Even as many Indian companies bridle at environmental regulation, many of the major industries players today are broadly committed towards working for a sustainable future.

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Indian-American Entrepreneur Offers Fast-Track Mini Nuclear Reactors To India

Indian-American Entrepreneur Offers Fast-Track Mini Nuclear Reactors To India

An Indian-American entrepreneur has pitched for fast track mini nuclear reactors, saying they are economical and could be constructed within two years.

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Saudi Arabia Cuts November Oil Allocations, But Exports To Rise

Saudi Arabia Cuts November Oil Allocations, But Exports To Rise

Saudi Arabia has cut crude oil allocations for November by 560,000 barrels per day (bpd), an oil ministry spokesman said on Monday, in line with the kingdom's commitment to an OPEC-led supply reduction pact.

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Oil Producers Need Extraordinary Measures To Rebalance Market: Opec Secy

Oil Producers Need Extraordinary Measures To Rebalance Market: Opec Secy

OPEC and other oil producers may need to take "some extraordinary measures" next year to rebalance the oil market, the OPEC secretary-general said on Sunday.

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ONGC May Sell IOC Stake To LIC In Block Deal

ONGC May Sell IOC Stake To LIC In Block Deal

State-owned ONGC is likely to sell some of its stake in IOC to institutional investors like LIC to part-fund its over Rs 34,000-crore acquisition of refiner Hindustan Petroleum Corporation Limited (HPCL).

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PM Dangles $300 Bn Investment Opportunity Before Global Oil & Gas Majors

PM Dangles $300 Bn Investment Opportunity Before Global Oil & Gas Majors

The Union government says there will be investment opportunities worth $300 billion in the petroleum sector over the next 10 years.

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Revival Of Gas Power Plants To Boost Consumption: Dharmendra Pradhan

Revival Of Gas Power Plants To Boost Consumption: Dharmendra Pradhan

l minister Dharmendra Pradhan today said revival of 25 GW stranded gas-based capacity can push consumption of the fuel and transform the nation into a gas-based economy.

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Saudi Arabia To Invest $300 Billion In Next 4-5 Years: NITIAayog CEO Amitabh Kant

Saudi Arabia To Invest $300 Billion In Next 4-5 Years: NITIAayog CEO Amitabh Kant

NITI Aayog CEO Amitabh Kant on Monday said Saudi Arabia will invest $300 billion in India in the next 4-5 years.

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Global Crude Oil Price Of Indian Basket Was Us$ 55.27 Per bbl On 6.10.2017

Global Crude Oil Price Of Indian Basket Was Us$ 55.27 Per bbl On 6.10.2017

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$ 55.27 per barrel (bbl) on 6.10.2017.

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Modi Meets Top Global, Indian Oil Chiefs, Talks Investment

Modi Meets Top Global, Indian Oil Chiefs, Talks Investment

Prime Minister Narendra Modi brainstormed with chief executives of top global and Indian companies, including U.K.’s BP, Russia's Rosneft, Saudi Aramco and Reliance Industries Ltd.

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energy sector

Status Of Energy Sector In India Highly Uneven; Scope For Reform: PM Modi

Prime Minister Narendra Modi said today that the status of the energy sector in India was highly uneven and the scope for reform in many areas still exists.

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Shell India Launches Shell E4 To Support Energy, It Startups

Shell India Launches Shell E4 To Support Energy, It Startups

Energy and IT startups are being given a helping hand by Shell India through its pan-India programme, Shell E4 (Energizing and Enabling Energy Entrepreneurs).

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Haven't Heard From Iran On USD 11 Billion Offer For Gas Field: ONGC Videsh

Haven't Heard From Iran On USD 11 Billion Offer For Gas Field: ONGC Videsh

ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), on Monday said it hasn't heard from Iran on the USD 11 billion 'best offer' it gave for developing the Farzad-B gas field.

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India Is Putting Emphasis On Diversifying Its Crude Oil Sources: Pradhan

India Is Putting Emphasis On Diversifying Its Crude Oil Sources: Pradhan

India’s three public sector refineries have put an order of 7.85 million barrel from the US.

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India Looks At Strategic Partnership With Oil Producers

India Looks At Strategic Partnership With Oil Producers

As a leading energy consumer, India is looking to upgrade its relationship with producing countries to a strategic one, instead of mere buyer-seller, Petroleum Minister Dharmendra Pradhan said on Monday.

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India Has Always Been One Of The Largest Demand Centre For Oil & Gas Growth: Peter Gaw, Standard Chartered

India Has Always Been One Of The Largest Demand Centre For Oil & Gas Growth: Peter Gaw, Standard Chartered

The Cera Week is underway in New Delhi and CNBC-TV18 is an exclusive partner for this mega energy forum where the biggest names from the energy world are congregating.

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buy

Indian Oil Willing To Buy GAIL Or Oil India: Executive

Indian Oil Corp is willing to buy state-owned GAIL (India) Ltd or Oil India Ltd, the company's head of finance, A.K.Sharma, said on Monday

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Videsh Expects

ONGC Videsh Expects Sudan To Clear $400 Million Dues As Us Lifts Sanctions: Executive

ONGC Videsh expects Sudan to clear about $400 million owed to the state-run energy company after the lifting of the U.S. sanctions, its managing director N.K. Verma said on Monday.

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Why Are Oil Prices Not Popping Out Of 1-Year Long Range?

Why Are Oil Prices Not Popping Out Of 1-Year Long Range?

In recent days, most of OPEC members have been echoing the term “ oil marketis balancing” now in response to the effectiveness of their landmark 1.8 million barrels per day output cut pact since 2008 along with Russia.

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Secretary General

India Is The Future Of Energy Demand, Says OPEC Secretary General

India is future of energy demand, Secretary General of Organisation of the Petroleum Exporting Countries (OPEC) Sanusi Mohammad Barkindo said on Sunday.

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Rlys Changes Deodoriser After Goyal Complains Of Peculiar

Rlys Changes Deodoriser After Goyal Complains Of Peculiar

Railway offices and trains will now smell like pine and lemon grass as Minister Piyush Goyals objection to the "unpleasant peculiar smell" there has prompted the railway board to change the deodoriser-cum- disinfectant used by the national carrier.

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Indian Railways To Run Diwali Special Trains To Various Destinations

Indian Railways To Run Diwali Special Trains To Various Destinations

For the convenience of passengers during the festive occasion of Diwali and with a view to meet the travel demand during the season, the Western Railway will run five special trains on a special fare to various destinations with total 64 services.

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What Railways Can Learn From The Godhra Train Burning Case

What Railways Can Learn From The Godhra Train Burning Case

The Gujarat High Court’s decision to commute the death sentence into life imprisonment to 11 of the convicts involved in the gruesome Godhra train burning case of February 27, 2002

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Death

2002 Godhra Train Burning Case: Gujarat High Court Commutes Death For 11 Convicts To Life In Prison

The Gujarat high court (HC) on Monday reduced to 'life in prison' the death sentence given to 11 convicts in the 2002 Godhra train burning case.

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Railway

Piyush Goyal To Electrify Indian Railways By 2020; Plans To Remove Diesel Engines In Three Years

If the railway ministry has its way, thousands of diesel-guzzling locomotives could be a thing of the past in the country.

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100 Bridges

Over 100 Bridges On CR, WR Lines In Top Three Fatal Zones

Two of Mumbai's busiest commuter train lines are also home to some of the deadliest foot-overbridges (FOB), an internal Railways survey shows.

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High Speed Rail

Uzbekistan’s High Speed Rail Linking Key Cities Has Lessons For India

High Speed Rail (HSR) in landlocked Uzbekistan that connects key cities along the historic Silk Road is among the lesser known facts of the modern-day connectivity initiatives in Asia.

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MDR

Railway Tickets May Get Cheaper As Govt Mulls Removal Of MDR Charges

The government is considering to withdraw the merchant discount rates (MDR) levied on e-tickets that could slash ticket prices for railway passengers.

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NHAI’s

NHAI’s Toll-operate-transfer Model: More Funds, More Opportunity In Roads

With roads at the centre of infrastructure development, the National Highways Authority of India’s (NHAI’s) decision to tap funds through innovative methods brings hopes of new orders for developers.

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kejriwal

Will Pay 50% Of Funds To Run Delhi Metro If Centre Pays The Rest: Kejriwal

Delhi chief minister Arvind Kejriwal on Sunday offered to take over Delhi Metro and promised to make the capital’s most popular mode of mass transport more efficient, his latest salvo in a face-off with the Centre over a proposed fare hike.

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