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June 22, 2018, Friday

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

Western Coalfields Gets 4 Coal Blocks In Odisha

Western Coalfields Gets 4 Coal Blocks In Odisha

Western Coalfields Limited (WCL), which at present operates in Maharashtra and Madhya Pradesh, has also been allotted four blocks in Odisha. The move is expected to bring the company out of the red.

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Chinese Firm To Set Up Solar PV Cell Manufacturing Unit In AP

Chinese Firm To Set Up Solar PV Cell Manufacturing Unit In AP

CETC Renewable Energy Technology Company, an ancillary of the diversified China Electronics Technology Group has signed a memorandum of understanding with the Andhra Pradesh Economic Development Board to set up a solar photovoltaic cell manufacturing plant in Chittoor district of Andhra Pradesh.

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Odisha Government Seeks Revision Of Coal Royalty In Union Budget

Odisha Government Seeks Revision Of Coal Royalty In Union Budget

Western Coalfields Limited (WCL), which at present operates in Maharashtra and Madhya Pradesh, has also been allotted four blocks in Odisha.

 

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Bihar To Pitch For Uniform Power Purchase Tariff For All States In Budget 2018

Bihar To Pitch For Uniform Power Purchase Tariff For All States In Budget 2018

Bihar will pitch for increase in budget allocation of centrally-sponsored schemes, uniform powerpurchase tariff for all states and commencement of financial year from January 1 among several other provisions for being included in the upcoming Union budget for the fiscal 2018-19.

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Govt Working On Centralised Bidding To Reduce Cost Of Electricity

Govt Working On Centralised Bidding To Reduce Cost Of Electricity

A novel idea is in the works to enhance power procurement by states through reducing the cost of electricity.New centralised bidding will be held and quotations for lump sum tariffs will be invited from power developers.

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Schneider Electric Says Bug In Its Technology Exploited In Hack

Schneider Electric Says Bug In Its Technology Exploited In Hack

Schneider Electric SE said on Thursday that hackers had exploited a flaw in its technology in a watershed incident discovered last month that halted operations at an undisclosed industrial facility.

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Modi Will Need At Least $125 Bn To Fund His Renewable Energy Dream

Modi Will Need At Least $125 Bn To Fund His Renewable Energy Dream

India will need at least $125 billion to fund its ambitious plan to increase the share of renewablepower supply in the country's grid by 2022, a top government official told Reuters, underlining the immense financing challenge ahead.

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Bhushan Power’s Liquidation Value Doubled To Rs 20,000 Crore

Bhushan Power’s Liquidation Value Doubled To Rs 20,000 Crore

Independent experts Duff & Phelps and PricewaterhouseCoopers have revised the liquidation value of Bhushan Power & Steel upwards to Rs 20,000 crore, almost double their initial estimates, barely two weeks ahead of a deadline for submission of final bids for the bankrupt company, according to people briefed on the matter.

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New Thermal Power Plants Will Have To Comply With Emission Standards: NGT

New Thermal Power Plants Will Have To Comply With Emission Standards: NGT

The National Green Tribunal (NGT) has directed the union environment ministry to not grant environmental clearance to any new thermal power plant unless they comply with emission standards notified in December 2015.

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Comment - Which Way Will The Energy Prices Go?

Comment - Which Way Will The Energy Prices Go?

Five years ago, providing an answer to a question on the direction of energy prices would have been difficult. This was because prices were invariably linked to oil.

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Coastal Shipping Of Coal To Double To 63MT In 6 Years: CRISIL

Coastal Shipping Of Coal To Double To 63MT In 6 Years: CRISIL

Coastal transportation of coal is expected to near double to 63 million tonnes per annum (MT) by in six years, Crisil Research said today.

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India To Set Up $350 Million Fund To Finance Solar Power Projects

India To Set Up $350 Million Fund To Finance Solar Power Projects

India will set up a $350 million fund to finance solar projects, Power Minister R.K. Singh said, as the country steps up efforts to achieve its ambitious target of adding 175 gigawatts (GW) in renewable energy by 2022.

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Indonesia Will Offer 43 Oil And Gas Blocks In A Tender This Year

Indonesia Will Offer 43 Oil And Gas Blocks In A Tender This Year

Indonesia will offer 40 conventional and 3 unconventional oil and gas blocks in a tender this year, acting oil and gas director general Ego Syahrial said on Thursday.

 

 

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India Launches First Auction Of Exploration Blocks Under New Licensing Policy

India Launches First Auction Of Exploration Blocks Under New Licensing Policy

India has launched the first auction of exploration blocks under its new licensing policy and sought bids for 55 blocks spread across the country.

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Petrol Prices Breach Rs 71-mark In Delhi, Highest In 3 Years

Petrol Prices Breach Rs 71-mark In Delhi, Highest In 3 Years

The rise in Indian basket of imported crude oils pushed the petrol price in the national capital to Rs 71.56 a litre on Thursday, its highest level in over three years.

 

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Keeping Close Watch On Petrol, Diesel Rates, Says Dharmendra Pradhan

Keeping Close Watch On Petrol, Diesel Rates, Says Dharmendra Pradhan

Oil Minister Dharmendra Pradhan today remained non-committal on cutting excise duty on petrol and diesel, which have touched record highs, saying merely that the government is keeping a close watch on the situation.

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Exxon Mobil Signs Deal For Deepwater Oil Exploration Off Ghana

Exxon Mobil Signs Deal For Deepwater Oil Exploration Off Ghana

Exxon Mobil Corp signed a deal with Ghana on Thursday to explore for oil in the Deepwater Cape Three Point offshore (DWCTP) oilfield.

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GAIL Renegotiates LNG Deal With Gazprom

GAIL Renegotiates LNG Deal With Gazprom

Reuters reported that gas utility GAIL (India) Ltd has renegotiated the terms of a long-term liquefied natural gas (LNG) purchase deal with Russia's Gazprom, the Indian company said

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BSVI Norms: India Revises Standards Specifications For Petrol And Diesel

BSVI Norms: India Revises Standards Specifications For Petrol And Diesel

Bureau of Indian Standards (BIS), India's specifications and standards regulatory body, announced it has revised the standards on petroland diesel as per Bharat Stage (BS) VI fuel norms from the earlier BS IV emission norms.

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IEA Chief Says Huge Opportunity To Export LNG To India, China

IEA Chief Says Huge Opportunity To Export LNG To India, China

There is a huge opportunity for the US to export LNG to India and China in the next five years as they push to replace coal, the head of the International Energy Agency has said as he highlighted the growing importance of the two nations in the energy market.

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Integrated Suburban Rlwy Network Plan For Bengaluru Ready: Goyal

Integrated Suburban Rlwy Network Plan For Bengaluru Ready: Goyal

Railways Minister Piyush Goyal today said an integrated suburban railway network plan is ready for implementation in Bengaluru provided the Karnataka government agrees to give “land parcels” around the railway stations.

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To Streamline Projects, Railway Ministry Holds 'Nirman Samvad'

To Streamline Projects, Railway Ministry Holds 'Nirman Samvad'

In a bid to streamline procedures and remove bottlenecks to ensure fast track implementation of projects of the Indian Railways, the Ministry on Thursday held a day-long conclave named 'Nirman Samvad'.

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Railway Minister Piyush Goyal, Industry Discuss Ways To Quicken Project Implementation

Railway Minister Piyush Goyal, Industry Discuss Ways To Quicken Project Implementation

Railway Minister Piyush Goyal has met representatives of construction and consultancy majors and discussed with them ways to expedite the implementation of projects including high-speed and dedicated freight corridors.

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Plan Your Train Journey In Advance, Get Cheaper Fares: Railway Panel

Plan Your Train Journey In Advance, Get Cheaper Fares: Railway Panel

Planning your train journey in advance could help you to get cheaper tickets if the recommendations of a fare review committee are approved by the Railway Board.

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Railways To Let Senior Citizens, Solo Women Book Lower Berths

Railways To Let Senior Citizens, Solo Women Book Lower Berths

Most of us, especially the youngsters, who travel on trains and make overnight journeys, are familiar with a request made by the elderly or women co-passengers—the request to exchange the berth which has been officially assigned.

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Budget 2018: Odisha Govt Demands Rs 6,500 Cr To Improve Rail Infrastructure

Budget 2018: Odisha Govt Demands Rs 6,500 Cr To Improve Rail Infrastructure

Odisha government today placed a demand of Rs 6,500 crore before the Centre for railway infrastructure development in the Union Budget 2018-2019.

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India's New Industry Policy To Focus On Industries That 'aren't Even Born Today', Says Suresh Prabhu

India's New Industry Policy To Focus On Industries That 'aren't Even Born Today', Says Suresh Prabhu

From ease of doing business to ease of trading, from harnessing the power of digital economy to preparing a regulatory mechanism that promotes sunrise sectors, Commerce Minister Suresh Prabhu’s office has become a hub of ideas for India’s upcoming industrial policy.

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Plan Early To Get Discounts On Train Travel: Railway Panel

Plan Early To Get Discounts On Train Travel: Railway Panel

Just like air travellers, railway passengersplanning their journey in advance could get cheaper deals, if the recommendations of a fare review committee are approved by the Railway Board.

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