Infrastructure and Energy Sector

[Cutting Edge 2]

India Aims Big in Oil World With $40 Billion Refinery Complex
15:50 15.06.2017

Indian oil companies have signed an agreement to build one of the world’s largest integrated refinery-cum-petrochemical complexes in Maharashtra state. The 60 million metric ton per annum (MMTPA) complex will be built at an estimated cost of $40 billion and is expected to be commissioned by 2022.

New Delhi (Sputnik) — The Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) will build the complex with IOC hold the 50 percent stake in the west coast refinery project while HPCL and BPCL will own 25 percent each.

"It will be a green refinery comprising 50 units designed to operate at the highest level of efficiency, and will be self-sufficient in power and utilities requirements, besides creating a benchmark in environment management," an IOC official said.

As India is migrating to global standard fuels by April 1, 2020, Indian oil companies are investing $13.5 billion for refinery upgradation. The west coast project will also be designed to produce Euro-VI and above grade transportation fuels. The refinery will have an in-built flexibility for processing a wide spectrum of light and heavy crude oil grades. Indian refiners are scouting for cheaper heavy crude oil grades from Iran and Iraq in recent years. This is evident from the decision of filling half of country's three strategic oil reserves with Iranian oil. India has created oil reserve in its underground rock caverns of storage capacity 5.33 million metric tons of crude oil at three locations.

"It (west coast project) will also be able to produce on-demand product mix of petrol and diesel streams, as well as other refined products and petrochemical streams with the highest level of integration and energy efficiency," IOC said in a statement. London-based IHS has been entrusted with the market study for the chemicals and petrochemicals to be produced at the complex.

Earlier this year, Aramco of Saudi Arabia and Shell had expressed their interest in storing crude oil in the strategic petroleum reserve facilities. India needs to import 80 percent of the total oil requirement of the country.

https://sputniknews.com/asia/201706151054661567-india-big-oil/

 

[Prashant12]

BOGIBEEL BRIDGE #Latest UPDATE#24.06.2017

 

[Prashant12]

BOGIBEEL BRIDGE #Latest update #From SoutBank, 2.7.17

 

[Cutting Edge 2]

India invests $11bn in Iran gas sector
3 Jul, 2017 09:40
Iran has guaranteed a "reasonable return" for Indian investors, who are ready to spend $11 billion on the country’s natural gas and LNG infrastructure.

India’s ONGC Videsh plans to invest $6 billion in the Farzad-B field and spend the rest to build a liquefied natural gas export facility, according to managing director Narendra Kumar Verma.

"We have given our best offer to them. Now, it is up to them to agree or not agree,"Verma said in an interview with NDTV.

"We have told the Iranian authorities very clearly that some basic returns are necessary," the executive added.

The company expects an about 18 percent return, and Indian companies want to buy all the gas exported from the project, Verma said.

India is the world's fourth-largest LNG buyer. The country has been looking for a role in developing Iran’s Farzad-B gas field since at least 2009. The field is estimated to hold reserves of almost 19 trillion cubic feet.

While the country has been trying to shift from coal and oil to cleaner gas, it still has to build more gas import infrastructure, analysts say.

"India is a compelling market... (but) continues to lack the infrastructure to support a gas-based economy," Hamad Mubarak Al Muhannadi, chief executive of Qatar's RasGas said in December.

"Coal and liquid fuels continue to meet the majority of India's energy needs,” he added.

India's LNG imports from RasGas represent around 10 percent of Qatar’s overall annual output.

https://www.rt.com/business/395115-india-iran-gas-investment/

 

[Kshatriya87]

World Bank to draw up plan for Railways’ Rs 5 lakh crore makeover

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

 

[ezsasa]

Looks like they have finalised the design for state administration section of the new capital.
===
#Andhra Pradesh Capital Amaravati After Five Years Animation Video

 

[ezsasa]

Discussion is about some irrigation project...
But the point to be noted is that Telangana CM is using maps on big screen to answer the question in the assembly itself.
Recently it seems Telangana CM gave a three hour presentation on irrigation projects the same way, looks like that PC is permanent fixture on his desk at state assembly.

Good that both the CMs of Andhra and Telangana are tech savvy and utilising the tech to the fullest.
===

 

[Krusty]

Looks like they have finalised the design for state administration section of the new capital.
===
#Andhra Pradesh Capital Amaravati After Five Years Animation Video

I am genuinely looking forward to Amaravati. Only point if concern is, how the city is maintained.

I still remember when the spanky new Volvos were introduced in the Chennai metro. It was beyond brilliant moving from the dinky rusted Ashok Leylands to high tech AC Volvos. Fast forward just 5 years, the very same buses were rattly and squeaking. With pen marks everywhere and torn seats.

I hope this new city doesn't follow the trend. The new municipality and the citys citizens should take maintenance with utmost seriousness. This is a god sent start from a clean slate for the people who get to live there. Let's see in ten years..

 

[Cutting Edge 2]

BREAKING:
India Considering Two Time Zones
22:01 20.07.2017

The Indian government is said to be considering having two separate time zones in the country. Experts say while there is a need for two time zones, the change can’t be made hastily, without thinking through the economic consequences.

New Delhi (Sputnik) — That India should have two distinct time zones was raised by a member of Parliament from a regional party on Thursday, arguing that it could save 2.7 billion units of electricity.

"The sun rises at 4 a.m. in Arunachal Pradesh while offices open at 10 a.m. There is a gap of nearly two hours in sunrise timings between the eastern and the western parts of the country. The Ministry of Science and Technology has also done a study on this in the past," B. Mahtab, a Biju Janata Dal MP, said during Question Hour in Parliament.

Mahtab said some 2.7 billion units of electricity could be saved if there were two separate time zones and added that only the central government could make the call on office timings. Responding to the lawmaker's query, India's Parliamentary Affairs Minister Ananth Kumar said the government has taken Mahtab's suggestion very "seriously."

Like China, India follows a single time zone (IST) which is fixed at 82.5°, or approximately five hours ahead of Greenwich Mean Time (GMT). Russia, the world's largest country, uses 11 time zones, while Canada has six time zones, four of which align with the US.

Experts said a single time zone is serving the country well, barring the northeastern part of the country.

"India has considered multiple time zones a few times and realized it is not worth economically. A primary reason is that our major commercial cities such as Delhi, Kolkata, Bangalore, Hyderabad, Mumbai, and Chennai are relatively close to the central longitude. China too follows this system where most of its economy is near around the Beijing longitude. Again, our proximity to the equator also renders seasonal variation less [significant for us]. The most important factor is that the economic cost of integrating multiple time zones may take a lot of time and create major confusion initially. Communication companies, broadcasting companies, stock exchanges and travelers will have to adjust to multiple zones," Manoranjan Mishra, assistant professor at Odisha State Open University in Sambalpur, Odisha, told Sputnik.

https://sputniknews.com/asia/201707201055733459-india-considering-two-time-zones/

 

[Cutting Edge 2]

IFC to invest USD 1 billion in India for green buildings
The International Finance Corporation (IFC), a member of the World Bank, has planned an investment of around USD 5-6 billion, over the next five years in India, for participating in the country’s climate change programs, its country head (India) Jun Zhang, announced on July 18, 2017. “We will be investing around 20 per cent of this amount, which is over USD one billion, in creating green buildings,” he said.

https://housing.com/news/ifc-invest-usd-1-billion-india-green-buildings/

 

[Cutting Edge 2]

Piyush Goyal sanctions purchase of 1050 MW of wind power
http://www.abplive.in/india-news/piyush-goyal-sanctions-purchase-of-1050-mw-of-wind-power-554853?ani

India’s Karnataka seeks bids for 200 MW of solar capacity
https://renewablesnow.com/news/indias-karnataka-seeks-bids-for-200-mw-of-solar-capacity-576851/

 

[ezsasa]

anybody from karnataka here?

want to understand the topography of west of western ghats?
when monsoon hits from south west, where does the rain water from western side of the western ghats go?

 

[Screambowl]

cheers for this lovely news

 

[IndianHawk]

anybody from karnataka here?

want to understand the topography of west of western ghats?
when monsoon hits from south west, where does the rain water from western side of the western ghats go?

Not from Karnataka. But most the water flows as small rivers to Arabian sea.

 

[IndianHawk]

cheers for this lovely news

I was reading today that decline in oil prices have reduced India's import bill .
In 2013-14 India paid 112billion$ for oil but in 2015-16 only 64billion.

This year to bill will remain within 70bilion.

That means in just 2 years India saved some 120 billion us $$ .

And if oil remains under 60 india will save some 50 billion $ every year compared to 2013-14 expenses.

Plus govt is saving some 8-10 billion $ per year by removing subsidies.

We could literally double our defense budget although the money should ideally be invested into infrastructure and renewables.

 

[Screambowl]

I was reading today that decline in oil prices have reduced India's import bill .
In 2013-14 India paid 112billion$ for oil but in 2015-16 only 64billion.

This year to bill will remain within 70bilion.

That means in just 2 years India saved some 120 billion us $$ .

And if oil remains under 60 india will save some 50 billion $ every year compared to 2013-14 expenses.

Plus govt is saving some 8-10 billion $ per year by removing subsidies.

We could literally double our defense budget although the money should ideally be invested into infrastructure and renewables.

the buyin rates is set by both govt governments and traders. Because there is term cut which goes to the dealers.

Normally per little petrol would cost you only 40 rupees today but due to cut the price goes high. Otherwise what will the companies earn

 

[IndianHawk]

the buyin rates is set by both govt governments and traders. Because there is term cut which goes to the dealers.

Normally per little petrol would cost you only 40 rupees today but due to cut the price goes high. Otherwise what will the companies earn

It's ok petrol if cost less people will waste more . Remember we pay in $$ for oil (my heart bleeds.) Govt and companies can reinvest the money to create infra jobs.

Saved dollars can be used for takeover of foreign technology.

In domestic market petrol Should be priced 70 something so there is always incentive for efficiency.

 

[Screambowl]

It's ok petrol if cost less people will waste more . Remember we pay in $$ for oil (my heart bleeds.) Govt and companies can reinvest the money to create infra jobs.

Saved dollars can be used for takeover of foreign technology.

In domestic market petrol Should be priced 70 something so there is always incentive for efficiency.

yeah gold and crude you have to pay in dollars.
what you can do is, you can buy oil reserves or gold.

This is what US did. They took all the oil reserves into their custody and many gold reserves too. They fix the price as per their wish and they became rich. Later they invested that money into upgradation of technology.

 

[IndianHawk]

yeah gold and crude you have to pay in dollars.
what you can do is, you can buy oil reserves or gold.

This is what US did. They took all the oil reserves into their custody and many gold reserves too. They fix the price as per their wish and they became rich. Later they invested that money into upgradation of technology.

What we can do now as second biggest consumer after china (since us will eat it's own oil) is to force Arabs to accept partial rupee payment for market access.

 

[Screambowl]

What we can do now as second biggest consumer after china (since us will eat it's own oil) is to force Arabs to accept partial rupee payment for market access.

That will be tough. They might say that, rather rupee they would prefer barter system.
But you can try that with Qatar