Power & Energy News Monthly Archive June 2018

JUN 22 2018

ONGCs natural gas segment to do well as gas prices rise

  • Jefferies, The Financial Express / New Delhi, 22nd June 2018 Published on : 22nd June 2018
  • Created:Fri 22nd JUN 2018

  India’s LNG imports were flat m/m in May but rose 17% y/y, boding well for PLNG where Dahej unit was also steady at ~110% in April/May. We keep our BUY as we do on Gail where ...

JUN 22 2018

Ramifications of an Opec-led production increase

  • Bureau, The Financial Express / New Delhi, 22nd June 2018 Published on : 22nd June 2018
  • Created:Fri 22nd JUN 2018

  On June 22, oil ministers will huddle together in Vienna to decide whether to spike up supplies after a 2016 decision to curb production to end a global oil glut. This has set the ...

JUN 22 2018

India's crude oil production dropped 3 per cent in May on lower ONGC output

  • PTI, ETEnergyWorld / New Delhi, 22nd June 2018 Published on : 22nd June 2018
  • Created:Fri 22nd JUN 2018

  India's crude oilproduction dropped 3 per cent to just over 3 million tonnes in May on the back of dip in output from fields operated by state-owned ONGC. Oil and Natural ...

JUN 22 2018

Govt planning to set up bio-CNG plants in rural India soon: Oil minister Pradhan

  • ANI, ETEnergyWorld / Stuttgart, 22nd June 2018 Published on : 22nd June 2018
  • Created:Fri 22nd JUN 2018

  Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Thursday said there are plans to set up bio-Compressed Natural Gas (CNG) plants in India. He made this ...

JUN 22 2018

Sembcorp lowest bidder for Bangladesh power supply tender

  • PTI, ETEnergyWorld / New Delhi, 22nd June 2018 Published on : 22nd June 2018
  • Created:Fri 22nd JUN 2018

  Sembcorp Energy India is set to bag a tender for supply of 250 megawatts of electricity to Bangladesh after it bid the lowest tariff. Sources with direct knowledge of the ...

JUN 22 2018

Acid Leak: State Government told to respond to Sterlites plea for power access by Monday

  • Bharani Vaitheesvaran, ETEnergyWorld / New Delhi, 22nd June 2018 Published on : 22nd June 2018
  • Created:Fri 22nd JUN 2018

  The Madurai Bench of the Madras High Court has directed the state government to respond by Monday to the petition of Vedanta-Sterlite seeking permissions for power supply for the ...

JUN 22 2018

ICRA upgrades rating outlook for Jindal power from Negative to Stable

  • Vatsala Gaur, ETEnergyWorld / Mumbai, 22nd June 2018 Published on : 22nd June 2018
  • Created:Fri 22nd JUN 2018

  Ratings agency ICRA has upraded the rating outlook for Jindal Steel and Power (JSPL) subisidiary Jindal Power from 'Negative' to 'Stable' as the parent company shows signs of ...

JUN 22 2018

Power plants seek extension of temporary coal supply agreements

  • Debjoy Sengupta, ETEnergyWorld / Kolkata, 22nd June 2018 Published on : 22nd June 2018
  • Created:Fri 22nd JUN 2018

  Coal-fired power plants with total installed capacity of around 9,000 MW are asking for extension of temporary coal supply contracts for at least six years, since they have not been ...

JUN 22 2018

Solar projects deadlines extended: Government

  • Nishtha Saluja, ETEnergyWorld / New Delhi, 22nd June 2018 Published on : 22nd June 2018
  • Created:Fri 22nd JUN 2018

  The government has allowed solar power developers more time for executing projects, a move which may bring down project costs and tariffs of power generated from this ...

JUN 22 2018

India, US officials to discuss trade issues on June 26-27

  • ETEnergyWorld, ETEnergyWorld / New Delhi, 22nd June 2018 Published on : 22nd June 2018
  • Created:Fri 22nd JUN 2018

  Issues pertaining to duty hike by America on steel and aluminium, review of export benefits to certain domestic products and visa tightening norms will come up at the meeting ...

JUN 22 2018

Stressed power sector may not get RBI relief

  • Bureau, Live Mint / New Delhi, 22nd June 2018 Published on : 22nd June 2018
  • Created:Fri 22nd JUN 2018

  India’s power sector is unlikely to get any relief from the Reserve Bank of India’s (RBI’s) stressed assets circular, with the central bank maintaining that it was ...

JUN 22 2018

Power producers to Govt: Relax RBIs directive on NPA recognition

  • Ksenia Kondratieva, The Hindu Business Line / Mumbai, 22nd June 2018 Published on : 22nd June 2018
  • Created:Fri 22nd JUN 2018

  Independent power producers have sought the government’s intervention to ease an RBI directive to banks to start the resolution process even after one day of default on loan ...

JUN 22 2018

Commissioning dates for GST-hit solar projects extended

  • FE Bureau, The Financial Express / New Delhi, 22nd June 2018 Published on : 22nd June 2018
  • Created:Fri 22nd JUN 2018

  Responding to requests from solar plant developers, the Ministry of New and Renewable Energy (MNRE) has extended the commissioning period for projects hurt by the disruption caused ...

JUN 22 2018

Maharashtra may auction 2,000 MW solar capacity by August 15

  • Vikas Srivastava, The Financial Express / Mumbai, 22nd June 2018 Published on : 22nd June 2018
  • Created:Fri 22nd JUN 2018

  The Maharashtra government is planning to auction around 2,000 MW of solar capacity by August 15. The state’s 1,000 MW solar auction in May initially faced troubles, but was ...

JUN 21 2018

Government to rope in nodal agencies for electric vehicle infrastructure

  • Sarita C Singh, ETEnergyWorld / New Delhi, 21st June 2018 Published on : 21st June 2018
  • Created:Thu 21st JUN 2018

  The government plans to appoint state-owned power distribution companies, central public sector undertakings and municipal corporations as nodal agencies for setting up a minimum ...

JUN 21 2018

OPEC has the responsibility to maintain supply equilibrium: Pradhan

  • Bilal Abdi, ETEnergyWorld / New Delhi, 21st June 2018 Published on : 21st June 2018
  • Created:Thu 21st JUN 2018

  Oil Minister Dharmendra Pradhan today said the Organization of Petroleum Exporting Countries (OPEC) being a dominant supplier of crude oil has the responsibility to maintain supply ...

JUN 21 2018

Indian Oil facing increased cost pressure due to crude oil spike

  • Sanjeev Choudhary, ETEnergyWorld / New Delhi, 21st June 2018 Published on : 21st June 2018
  • Created:Thu 21st JUN 2018

  Every $10 per barrel rise in the price of crude oil raises working capital cost by about Rs 500 crore per year and cost of fuel consumed internally by $0.9 per barrel for Indian ...

JUN 21 2018

GAIL Gas partners with UBER to promote CNG ecosystem in India

  • ETEnergyWorld, ETEnergyWorld / New Delhi, 21st June 2018 Published on : 21st June 2018
  • Created:Thu 21st JUN 2018

  India's state-owned natural gas utility GAIL (India) and US-based cab aggregator Uber on Wednesday signed a Memorandum of Understanding (MoU) to promote the use of Compressed ...

JUN 21 2018

Dharmendra Pradhan presses Opec for responsible pricing of oil

  • Bloomberg, ETEnergyWorld / Vienna 21st June 2018 Published on : 21st June 2018
  • Created:Thu 21st JUN 2018

  India , the world’s third-biggest oil consumer, on Wednesday pressed Opec nations to move to responsible pricing of oil and gas saying the present rates are far detached from ...

JUN 21 2018

Coal supply to power sector eases even as sponge iron, cement suffer

  • Pratim Ranjan Bose, ETEnergyWorld / Kolkata, 21st June 2018 Published on : 21st June 2018
  • Created:Thu 21st JUN 2018

  Consistent efforts to supply coal to the power sector on a priority basis have started paying off. But the non-power sector — such as cement and steel — is ...