Cabinet approves pact with France for energy efficiency, conservation

Source: Business Standard, Dec 06, 2018

New Delhi: The Union Cabinet on Thursday approved a pact between India and France in the field of energy efficiency and conservation.

The Union Cabinet chaired by Prime Minister Narendra Modi has been apprised of Memorandum of Understanding (MoU) between India and France in the field of energy efficiency/energy conservation. The MoU was signed on October 17, 2018, an official statement said

The pact involves knowledge exchange and cooperation in the nature of technical assistance only.

The MoU is expected to take forward information exchange on policies, programmes and technologies relating to enhanced energy efficiency and demand-side management.

It will lead to awareness creation on energy efficiency.Development of tools for collection, use and analysis of CO2 emissions and GHG data for tracking global emissions for INDC.

It will promote research and development and demonstration of energy efficient technologies.Development of sustainable mobility with a specific focus on electric transport, it added.

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Govt sets up 6-member panel to frame plan to sell 149 ONGC, OIL oil fields

Source: Business Standard, Dec 03, 2018

New Delhi: The government has constituted a six-member committee to look at selling as many as 149 small and marginal oil and gas fields of state-owned ONGC and OIL to private and foreign companies to boost domestic output, sources said.

The panel is headed by NITI Aayog Vice Chairman Rajiv Kumar and includes Cabinet Secretary P K Sinha, Economic Affairs Secretary Subhash Chandra Garg, Oil Secretary M M Kutty, NITI Aayog CEO Amitabh Kant and ONGC Chairman and Managing Director Shashi Shanker.

Sources said the committee is a follow up of the October 12 meeting called by Prime Minister Narendra Modi to review domestic production profile of oil and gas and the roadmap for cutting import dependence by 10 per cent by 2022. Read the rest of this entry »

Reliance Industries planning expansion of Jamnagar refinery

Source: LiveMint.com, Nov 20, 2018

Mumbai/New Delhi: Billionaire Mukesh Ambani-owned Reliance Industries Ltd is considering a plan to boost its oil refining capacity by about half, people with knowledge of the matter said.

The proposed plant, to come up at the world’s biggest refining complex in Jamnagar, will be able to process as much as 30 million tonnes of crude a year, the people said asking not to be identified because the discussions are private. The company’s shares closed 2% higher in Mumbai, compared with 0.9% gain in the benchmark BSE Sensex index.

Asia’s richest man seeks to cement Reliance’s dominance in the world’s fastest-growing major oil consuming nation as rivals including Saudi Aramco, Abu Dhabi National Oil Co., and Russia’s Rosneft PJSC acquire plants in India. Total SA and Royal Dutch Shell are also expanding into fuel retailing in India. International Energy Agency expects India’s energy demand to more than double by 2040, making it the single largest source of global growth. Read the rest of this entry »

Adani, GAIL & Bharat Gas to invest Rs 34 bn in gas distribution in Odisha

Source: Business Standard, Nov 20, 2018

Bhubnaewar: Adani Gas, GAIL Gas and Bharat Gas Resources (a subsidiary of BPCL) will invest Rs 34 billion in creating city gas distribution (CGD) network in Odisha in the next eight years in seven geographical areas (GA) covering 17 districts.

A CGD network is an interconnected network of pipelines for supply of gas to domestic, industrial or commercial premises and CNG stations situated in a specified GA.

These three companies have emerged as the successful bidders in the ninth round of bidding for implementing the project in the state.

In this round, Bharat Gas Resources bagged four GAs covering nine districts in the state. Bharat Gas Resources will invest Rs 12.52 billion to provide PNG (piped natural gas) to 67,000 homes and set up 61 CNG stations in Jagatsinghpur, Kendrapada, Jajpur, Keonjhar, Angul, Dhenkanal, Bargarh, Debgarh, and Sambalpur districts. Read the rest of this entry »

Govt mulls round 2 of 2,500 Mw medium-term power purchase agreement auction

Source: Business Standard, Nov 13, 2018

New Delhi: Buoyed by a good response for the first tender of mid-term (3 years) power purchase agreement auction, the power ministry will bring its second round for 2,500 Mw capacities to give relief to stressed power assets, Power Secretary A K Bhalla said Tuesday.

A PPA is a prerequisite for getting coal supplies for power plants.

Power sector is facing stress due to coal shortage and other issues. Many power projects are starving for coal in the absence of PPAs. The government’s scheme to auction 2,500 MW medium-term PPAs evoked good response and PPAs for 1,900 Mw capacities were signed under the scheme last month.

“We found that a lot of interest is coming up for (the scheme to auction) 2,500 Mw medium-term PPAs. So definitely there would be PPAs coming up (on the block). This was a pilot. We will try to bring a formal scheme for another round of 2,500 Mw medium-term PPAs. Read the rest of this entry »

Govt weighing sale of 149 ONGC fields to private companies

Source: LiveMint.com, Nov 11, 2018

New Delhi: The government is weighing sale of as many as 149 small and marginal oil and gas fields of Oil and Natural Gas Corp. Ltd (ONGC) to private and foreign companies and allow the state-owned firm to focus only on big fields, people with knowledge of the development said. On the anvil is some kind of extension of the discovered small field (DSF) bid round, where discovered and producing fields of ONGC are auctioned to private firms offering the maximum share of output to the government.

This is the second attempt by the oil ministry to take away some of the fields of ONGC for private and foreign companies.

In October last year, the Directorate General of Hydrocarbons (DGH) had identified 15 producing fields with collective reserve of 791.2 million tonnes of crude oil and 333.46 billion cubic metres of gas of national oil companies for handing over to private firms in the hope that they would improve upon the baseline estimate and its extraction. Read the rest of this entry »

India opens Padur strategic reserves for foreign oil companies

Source: Business Standard, Nov 09, 2018

New Delhi: After Abu Dhabi National Oil Corporation (Adnoc) started storing crude oil at Mangalore strategic reserves recently, the Union Cabinet on Thursday approved the filling of Padur strategic petroleum reserves (SPR) in Karnataka too by overseas national oil companies.

The SPR facility at Padur is an underground rock cavern with a total capacity of 2.5 million tonnes (MT) having four compartments of 0.625 MT each. The filling of the SPR under public private partnership model is being undertaken to reduce budgetary support of Government of India. Read the rest of this entry »