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November 15, 2018, Thursday

LATEST NEWS ON POWER/COAL/MINES/RE/OIL AND GAS/INFRASTRUCTURE AND TRANSPORTATION

Solar Energy

Govt To Float Tender For Adding 20GW Of Solar Energy Capacity

The government plans to seek bids globally for 20 GW of solar generation capacity by companies ready to set up manufacturing facilities in India.

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India To Conduct Auction For Awarding Wind Power Projects Of 2,000 Mw Capacity

India To Conduct Auction For Awarding Wind Power Projects Of 2,000 Mw Capacity

The government today announced it will conduct auction for awarding wind power projects with a total capacity of 2,000 Megawatt in the upcoming third phase of the bidding plan.

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Mahindra And Uber Tie Up To Run Electric Cabs In Delhi, Hyderabad

Mahindra And Uber Tie Up To Run Electric Cabs In Delhi, Hyderabad

India's only electric car maker, Mahindra and Mahindra Ltd, has entered into a non-exclusive partnership with cab aggregator Uber Technologies Inc.

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Rating Unchanged But S& Lauds India’s Reforms On Infrastructure, Bank Recapitalisation And GST

Rating Unchanged But S& Lauds India’s Reforms On Infrastructure, Bank Recapitalisation And GST

Unfazed by the Moody’s recent upgrade of India’s sovereign rating, Standard & Poor’s (S&P) on Friday kept its sovereign rating for India unchanged at 'BBB-minus’ while keeping its outlook for the nation stable.

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China Signs Deal To Build New Nuclear Reactor In Pakistan

China Signs Deal To Build New Nuclear Reactor In Pakistan

China has signed a deal to build a third large nuclear reactor in Pakistan, which wants to get a fifth of its electricity from nuclear by 2030.

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Lightsource Renewable Energy

Govt Spells Out Roadmap To Achieve 175 GW Renewable Energy Targets.

Silencing critics, the BJP led Modi government is confident of not just achieving the ambitious targets of developing 175 Giga watt or 1,75,000 mega watt of renewable energy capacity in India but far exceeding it.

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A Power Plant In Sweden Is Burning H&M Clothes Instead Of Coal; Here Is Why

A Power Plant In Sweden Is Burning H&M Clothes Instead Of Coal; Here Is Why

Burning discarded clothing from retail chain Hennes & Mauritz AB is helping a Swedish power plant replace coal for good.

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ADB Launches First Annual Report Monitoring Progress Of PPP Environment In Member Countries

ADB Launches First Annual Report Monitoring Progress Of PPP Environment In Member Countries

Countries in Asia and the Pacific with developed financial markets, strong local financial institutions, and diverse financing resources are more likely to secure public-private partnership (PPP) projects, according to a new Asian Development Bank (ADB) report.

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EESL To Procure 10mn Prepaid Meters To Be Deployed In U.P

EESL To Procure 10mn Prepaid Meters To Be Deployed In U.P

The government plans to procure 10 million pre-paid meters to be deployed in Uttar Pradesh as part of the Saubhagya scheme, which aims to add more than 40 million households to the power grid by December next year.

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Gratuitous Load-shedding Is Not Acceptable: R.K. Singh

Gratuitous Load-shedding Is Not Acceptable: R.K. Singh

Raj Kumar Singh, minister for power and new and renewable energy, is not shy of taking on challenges. The former home secretary and a 1975 batch Bihar cadre Indian Administrative Service officer, in an interview.

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IMP Powers Ltd commissions Hydro-Kinetic Project At NLC India Ltd

IMP Powers Ltd commissions Hydro-Kinetic Project At NLC India Ltd

IMP Powers Ltd (IMP) has successfully commissioned its pilot, 4x5kW = 20 KW, Hydro-kinetic Project at Neyveli Lignite Corporation India Limited, Tamil Nadu, India.

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With The Right Moves, India’s Renewables Push Could Lift Thousands Of Rural Workers Out Of Poverty

With The Right Moves, India’s Renewables Push Could Lift Thousands Of Rural Workers Out Of Poverty

India’s major renewable energy push could be as much about poverty reduction and job creation as it is about energy security and climate change.

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Uttar Pradesh Plans To Procure 10 Million Prepaid Metres Under Saubhagya

Uttar Pradesh Plans To Procure 10 Million Prepaid Metres Under Saubhagya

The Uttar Pradesh government is planning to procure 10 million prepaid meters under a Saubhagya scheme that aims to provide electricity connections to over 4 crore families in rural and urban areas by December 2018, reports Economic Times.

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PPAs Signed For 750 Mw Of Solar In Rajasthan

PPAs Signed For 750 Mw Of Solar In Rajasthan

The Solar Energy Corporation of India (SECI) has signed the power purchase agreements (PPAs) for 750-MW of grid-connected solar parks in the state of Rajasthan.

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Renewable Power Market 2017 - Current and Future Plans

Renewable Power Market 2017 - Current and Future Plans

In the Americas, in the US, the deadline to obtain solar power tax credit was August 31, 2017 for Louisiana taxpayers. Orlando City Commission consented to 100% from renewables by 2050.

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Govt To Probe If Private Developers ‘Gold Plated’ Stressed Power Projects

Govt To Probe If Private Developers ‘Gold Plated’ Stressed Power Projects

As part of its effort to address the problem of stressed assets in the power sector, the government will investigate whether private developers ‘gold-plated’ project costs to increase the debt component, thereby reducing their equity contribution, said power minister Raj Kumar Singh in his first interview after assuming charge.

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UP Power Regulator Disallows Interim Relief To Bajaj Energy After PPA Termination

UP Power Regulator Disallows Interim Relief To Bajaj Energy After PPA Termination

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has disallowed interim relief to Bajaj Energy after the company sought compensation after its 450 MW plant was shut after the Uttar Pradesh Power Corporation (UPPCL) terminated the power purchase agreement (PPA) signed in 2010.

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‘Have Already Invested Above Rs 7,000 Cr In Renewable Energy’

‘Have Already Invested Above Rs 7,000 Cr In Renewable Energy’

Gradual uptick in the GDP and increased economic activities, backed by various government schemes such as Saubhagya and Udaya, are bound to increase the base demand of power in coming quarters, Ashwani Kumar, CEO, IL&FS Energy Development Company, tells Vikas Srivastava in an interview.

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Coal India Steps Up Distribution Logistics To Ease Short-Term Shortages

Coal India Steps Up Distribution Logistics To Ease Short-Term Shortages

Faced with dips in production growth and dwindling stocks to bank on, Coal India Limited (CIL) is hoping that a beefed up logistics and distribution solution will ease the clamour for dry fuel among various end-user industries.

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IPPs' 60,000-mw Thermal Generation In Trouble

IPPs' 60,000-Mw Thermal Generation In Trouble

Nearly 60,000 mw of thermal power projects in the IPP (independent power producers) segment are stressed mainly for want of long-term power purchase pacts and unavailability of domestic gas supplies, says a report.

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Officials Wrongfully Charging Duty On Solar Panels: Rk Singh

Officials Wrongfully Charging Duty On Solar Panels: RK Singh

Renewable energy minister Raj Kumar Singh has complained to finance minister Arun Jaitley that customs officials are demanding duty on imported solar equipment, which has led to ports getting jammed with shipments and jeopardised the prime minister’s flagship programme of accelerating renewable energy projects.

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Gazprom In Talks To Sell Gas To Bolivia's Neighbours - Russian Min

Gazprom In Talks To Sell Gas To Bolivia's Neighbours - Russian Min

Russian gas giant Gazprom is in talks with Bolivia's YPFB to possibly sell Bolivian gas to neighbouring countries in Latin America, Russia's energy minister Alexander Novak said on Thursday, raising hopes for an expansion in markets for the landlocked supplier.

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Global Crude Oil Price Of Indian Basket Was US$ 61.57 Per Bbl On 23.11.2017

Global Crude Oil Price Of Indian Basket Was US$ 61.57 Per Bbl On 23.11.2017

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$ 61.57 per barrel (bbl) on 23.11.2017.

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Reliance Closes Sale Of Its Assets In The Marcellus Shale

Reliance Closes Sale Of Its Assets In The Marcellus Shale

Reliance Marcellus II, LLC (“Reliance”) a subsidiary of Reliance Holding USA, Inc., and Reliance Industries Limited (“RIL”), announced the closing of recently announced sale of its interest in certain upstream assets; which were operated by Carrizo Oil & Gas, Inc to BKV Chelsea LLC, an affiliate of Kalnin Ventures.

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Indian Refiners Processed Record Oil Volume In October: Government

Indian refiners processed a record 5.2 million barrels per day of oil in October as the world's third biggest oil consumer added extra capacity to meet the rising fuel demand, government data showed on Thursday.

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Plan To Make India Bio-Manufacturing Hub

Plan To Make India Bio-Manufacturing Hub

To make India self-sufficient in bio-technology, the universities should pro-actively facilitate its students about nuances in the sector to increase the country’s two per cent share in global market, said MP and Chairman of Standing Committee on Petroleum and Natural Gases Prahlad Joshi.

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State-Run Oil & Gas Firms Exempt From Seeking Competition Commission Of India Nod

State-Run Oil & Gas Firms Exempt From Seeking Competition Commission Of India Nod

Paving the way for mega mergers in the oil & gas sector, the Ministry of Corporate Affairs announced on Thursday that mergers and acquisition deals involving public-sector oil & gas companies have been exempted from requiring mandatory approvals from the Competition Commission of India (CCI).

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3.68 Lakh LPG Connections Issued In J&k Under PMUY

3.68 Lakh LPG Connections Issued In J&k Under PMUY

Around 3.68 lakh connection of LPG have been issued under Pradhan Mantri Ujjwala Yojana in the state of Jammu and Kashmir.

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Oil & Gas: September Quarter A Mixed Bag For Indian Oil Firms

Oil & Gas: September Quarter A Mixed Bag For Indian Oil Firms

Indian oil firms reported a mixed trend in their September quarter financial results. Industry gross refining margins (GRMs) were healthy during the quarter, a consequence of the supply disruption in the US Gulf Coast refineries owing to the impact of Hurricane Harvey.

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Oilfields’ Privatisation Aimed At Raising Domestic Output: DGH

Oilfields’ Privatisation Aimed At Raising Domestic Output: DGH

The chief of the Directorate General of Hydrocarbons has said the government is following a transparent method to pick state firms’ oilfields for privatisation with a single aim of raising local output, rebutting ONGC executives’ charge that the government is not being fair in proposing to take away its fields.

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Oil, Gas PSU Mergers Exempt From CCI Approval

Oil, Gas PSU Mergers Exempt From CCI Approval

Merger and acquisition deals involving public sector oil and gas companies have been exempted from seeking the Competition Commission approval, says a notification.

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Vedanta Oil And Gas Projects Pick Up As Crude Price Rises

Vedanta Oil And Gas Projects Pick Up As Crude Price Rises

The recent spurt in global crude oil prices has resulted in Vedanta, the metals and mining major, putting its development and exploration projects on a fast track but issues of cess and higher profit petroleum continue to be a concern.

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S&P Report 'Very Satisfying, Gauged The Mood Of India': Piyush Goyal

S&P Report 'Very Satisfying, Gauged The Mood Of India': Piyush Goyal

Union minister Piyush Goyal on Friday said that the latest report by ratings agency Standard & Poor's (S&P) on India's sovereign ratings is "very satisfying," according to news agency ANI.

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S&P Maintains Status Quo, Highlights India's Growth Prospects: Key Points

S&P Maintains Status Quo, Highlights India's Growth Prospects: Key Points

Rating agency Standard & Poor's (S&P) on Friday highlighted India's growth prospects in the coming years even as it kept its sovereign ratings unchanged at 'BBB-minus' with a 'stable' outlook.

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Jindal Steel Could Win A Slice Of Rail Tender: Sources

Jindal Steel Could Win A Slice Of Rail Tender: Sources

The world’s fourth-largest rail system is undergoing a five-year overhaul to replace ageing tracks, improve efficiency and end a spate of deadly train accidents, including one on Friday.

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Engine Decouples From Train In Uttar Pradesh's Saharanpur Thrice, No Casualties

Engine Decouples From Train In Uttar Pradesh's Saharanpur Thrice, No Casualties

The Jammu-Patna Archana Express' engine detached from the train in Uttar Pradesh's Saharanpur district thrice within a span of three hours on Friday while on its way to the Bihar capital, though there was no untoward incident, officials said.

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Vasco Da Gama-Patna Express Derailment Live: Railway Ministry, Yogi Adityanath Announce Compensation

Vasco Da Gama-Patna Express Derailment Live: Railway Ministry, Yogi Adityanath Announce Compensation

Thirteen coaches of the Vasco Da Gama-Patna express derailed near Manikpur railway station in Uttar Pradesh on Friday, leaving at least three passengers dead and nine injured.

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Railway Minister Piyush Goyal Orders Probe Into Train Derailment In UP's Chitrakoot

Railway Minister Piyush Goyal Orders Probe Into Train Derailment In UP's Chitrakoot

Railway Minister Piyush Goyal today condoled the death of three passengers, who died after 13 coaches of the Patna-Vasco Da Gama express derailed in Uttar Pradesh's Manikpur. He ordered a probe.

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Need To Improve Infrastructure Is One Of The Key Priorities For India: Gautam Banerjee

Need To Improve Infrastructure Is One Of The Key Priorities For India: Gautam Banerjee

“We need to make India a more attractive investment destination by making it an easier place to do business,” said Gautam Banerjee, Senior Managing Director and Chairman of Blackstone Group, Singapore.

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Modi Government Clears Rs 1 Lakh Cr Projects In Tamil Nadu; From Chennai-Bengaluru Express Highway To Slashing Accidents, See Benefits

Modi Government Clears Rs 1 Lakh Cr Projects In Tamil Nadu; From Chennai-Bengaluru Express Highway To Slashing Accidents, See Benefits

In a massive boost for Highway and Shipping infrastructure in Tamil Nadu, the central government has approved Rs 1 lakh crore for an array of projects.

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14 Wagons Of Goods Train Derail In Odisha

14 Wagons Of Goods Train Derail In Odisha

Hours after 13 coaches of Patna-Vasco Da Gama express derailed near Manikpur in Uttar Pradesh, 14 wagons of a goods train carrying coal also derailed in Odisha's Khurda Road, an official said.

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Talgo Chief Meets Railway Minister, Offers To Manufacture In India

Talgo Chief Meets Railway Minister, Offers To Manufacture In India

Railway Minister Piyush Goyal on Thursday (23 November) met José María Oriol, the CEO of Talgo, who offered to build the light-weight, energy efficient Spanish Talgo trains in the country under the 'Make in India' initiative, ministry officials said.

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IRCTC Fined Rs 25,000 For Sending Wrong Text To Passenger

IRCTC Fined Rs 25,000 For Sending Wrong Text To Passenger

In an interesting incident, the Indian Railway Catering and Tourism Corporation (IRCTC) has been ordered to pay Rs 25,000 as the ticket booking service sent a wrong message to a passenger of Mahabodhi Express.

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Nagpur Metro To Get Solar Power At Less Than Rs4.50 A Unit

Nagpur Metro To Get Solar Power At Less Than Rs4.50 A Unit

Nagpur Metro has decided to go in for captive solar power generation and will get it at Rs4.50 a unit. It will use costly conventional power in evening.

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Shapoorji Pallonji Group's Rs 25,000 Cr Investment In Infra Projects To Create 1l Jobs

Shapoorji Pallonji Group's Rs 25,000 Cr Investment In Infra Projects To Create 1l Jobs

Mumbai-based conglomerate Shapoorji Pallonji Group plans to invest roughly Rs 25,000 crore mostly in big-ticket infrastructure projects, creating around one lakh jobs in the next three years, a top executive said. “

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Railways To Invite Tenders For Electrifying 8,000 Km Every Year From Next Fiscal

Railways To Invite Tenders For Electrifying 8,000 Km Every Year From Next Fiscal

The Indian Railways will start tendering 8,000 km of rail lines for electrification every year, starting next financial year, to complete the network electrification target in the next five years.

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China For More Dams On Tibetan Rivers Instead Of Brahmaputra: Media

China For More Dams On Tibetan Rivers Instead Of Brahmaputra: Media

China, which is constructing many hydropower projects in Tibet, plans to focus on dam building on rivers close to its provinces and not on the Brahmaputra which sparked concerns in India, state media reported today.

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Over Hundred Kashmiris In PoK Sacked By Chinese Companies

Over Hundred Kashmiris In PoK Sacked By Chinese Companies

Over a hundred Kashmiri workers engaged at Neelum Jhelum Hydro Electric Project in Pakistan-occupied Kashmir have been sacked by CGG-CMEC, a Chinese consortium.

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