Union Minister Piyush Goyal is holding charge of four important economic ministries including Power, RE, Coal and Mines. After de-monetisation move, Goyal has also been helping the government on this front but his performance in the four sectors has clearly given him an edge over many others in the Modi government. Goyal already knows his priorities for the year ahead.
At EnergyInfraPost.com, while we have done an in-depth analysis of all the four sectors including power, RE, coal and mines, we in this article give you a quick sneak peek into the priority areas set by the minister for his four ministries during 2017.
The DHBVN or Dakshin Haryana Bijli Vitran Nigam--- one of the two state power distribution companies of Haryana that joined the UDAY scheme on March 11, 2016 has not just been able to completely wipe out its losses for the first time but has also posted a profit of Rs 201.35 crore in the first half of the current financial year (2016-17) as against a loss of Rs 479 crore last financial year (2015-16).
In what comes as a big success for the Union minister for power, RE, coal and mines, Piyush Goyal (who spent days and months in convincing states to join the Centre’s flagship scheme —- UDAY or Ujwal DISCOM Assurance Yojana for the financial and operational turnaround of state power distribution companies), India has got its first state power distribution company that has been able to eliminate its losses after joining within 10 months of joining UDAY.
With LNG prices being linked to crude, the move by OPEC to cut production saw an increase in LNG to their highest level for 2016 in the Singapore market on December 2. This sparked fears that gas prices may face upward pressure as oil rises in the wake of the OPEC decision.
While as a consumer India will remain “watchful” of actions like the recent OPEC decision to cut production, the move by the oil cartel to reduce oil production will not deter the country’s plan to move towards its plan of becoming a gas based economy, oil minister Dharmendra Pradhan said on Tuesday.
Multi stakeholder Partnerships are key to achieve a Secured and Sustainable Energy Future for Generations to come, Piyush Goyal chairs a Ministerial Session with International Energy Ministers at Petrotech-2016
Union minister of state for power, renewable energy, coal and mines, Piyush Goyal is optimistic on the revival of stranded gas based power projects in India on the back of new partnerships formed with energy rich nations at Petrotech 2016.
PM Modi said his government’s constant efforts have improved India’s ranking in Ease of Doing Business and that India has always been an inspiration for others in terms of intellectual capability and enterprise.
With India committed to replace ‘Red Tape’ with ‘Red Carpet’, Prime Minister Narendra Modi on Monday called upon global hydrocarbon companies to come and Make in India.
As India marches ahead towards becoming a gas based economy, the role of GAIL (India) Ltd— India’s largest gas transportation company assumes a lot of significance. Out of India’s 15000 kms pipelines network, GAIL owns natural
India holds a strong potential to emerge as a petroleum hub for manufacturing and services. ONGC CMD D K Sarraf is quiet optimistic that leading services players like Schlumberger, Halliburton, Baker Hughes and the likes may soon look at setting up manufacturing bases in India to cater to both the domestic and export markets. Sarraf also dwelled upon the company’s plans and strategies going forward and on promoting local content in the oil and gas sector.
Despite the fall in energy prices, ONGC has been maintaining a capex of around Rs 30,000 crore a year for the past several years. Some of the results will show this year itself and there is expected to be a significant jump in production during 2017-18. Gas production will show an increase even this year after ONGC connects the completed offshore wells to the lines.
According to a report on Energy and Air Pollution by International Energy Agency (IEA) published on 31st October, 2016 air pollution in Delhi reached a level of 30 times the World Health Organization’s recommended levels post Diwali, heightening serious respiratory problems for its inhabitants.
Delhi Government Needs to Answer: Why Is The Green Fuel Based Pragati Power at Bawana (Set Up Specifically For Delhi During Commonwealth Games) Sitting Idle?
"A large part of our Rs 1,80,000 crore investment has already factored this brownfield expansion investment plans. But going further forward, there is also scope for green field refineries to be set up in India as well. We are playing the lead role in setting up a very large refinery in the west coast of India and likely in Maharashtra. We are looking at a 60 million tonnes per annum or the largest refinery in the world."
“At Indian Oil, we have committed investments worth Rs 1,80,000 crores in the next 5-6 years. This in itself is going to drive a lot of growth in the whole economy. This will also create opportunities for many other companies who will be involved in building this infrastructure thereby offering direct and indirect investment and job opportunities within and to companies across the globe. From that perspective, a number of public and private sector industries are going to be involved in the growth story of Indian Oil. Here the Make in India concept has got a lot of linkage.”
Total investments of Rs 51,000 crore have been planned for Eastern India. Rs 13,000 crore for Jagdishpur-Haldia & Bokaro-Dhama pipeline, Rs 6000 crore for Dhamra LNG project, Rs 6000 crore for city gas distribution network and Rs 26,000 crore for Fertilizer project. All these developments are linked to each other and have to be completed within the deadline to extend the full benefit.
For sometime now there has been a great deal of buzz about India’s move to a gas-based economy. And on Monday, 24th Oct. 2016, this perhaps takes the first step with Prime Minister laying the foundation stone for Rs 1000 crore City Gas Distribution network for Varanasi.