24-Jun-2022

Power

Coal-based electricity generation backbone of India’s power sector; to stay this way for 2-3 decades: NTPC chief

New Delhi : Coal-based electricity generation is the backbone of power supply in the country, and it is going to stay this way for the next two-three decades, state-run power giant NTPC’s Chairman and Managing Director Gurdeep Singh said on Wednesday. : Economic Times

CIL Officer’s Wives Samity distributes personal hygiene kits

New Delhi : Coal India Limited Officer’s Wives Samity (CILOWS) distributed personal hygiene kits to the domestic helps of Coal India’s Rohini Housing Complex and to residents of slums around the complex, as part of the ‘International Day of Yoga’ celebrations. : psuconnect.in

Welcome Foxconn’s plans for expanding electronics manufacturing capacity in India: PM Modi

New Delhi : Prime Minister Narendra Modi met Foxconn chairman Young Liu on Thursday and said he welcomes the company’s plans for expanding its electronics manufacturing capacity in India. : Economic Times

Kia India inaugurates training centre with focus on electric vehicles in Kolkata

New Delhi : South Korean automaker Kia India on Thursday inaugurated a training centre in Kolkata for imparting soft skill and technical training with a special focus on electric vehicles (EV) to its dealership workforce across eastern and northeast regions. : Economic Times

Japan stops financing for coal power plants in Indonesia, Bangladesh

Tokyo, Japan : Japan will no longer provide loans for two coal power plant projects in Indonesia and Bangladesh, the foreign ministry said on Wednesday, responding to global criticism over its continued support for the polluting fuel. : Economic Times

Dutch grid operator TenneT to tender for help with vast wind plan

New Delhi : Grid operator TenneT will draw up a tender to seek companies to help with a 30 billion euro ($31.5 billion) plan to build sea-to-land connections for offshore wind farms planned by the Dutch and German governments, it said on Thursday. : Economic Times

ANALYSIS: India must colour coal cash green for mining communities to survive

Mumbai : Every year in October, cash registers ring in shops dotting east India’s mining hubs during the Hindu festival season of Dussehra, when the country’s biggest coal company, Coal India Ltd., hands its workers a bonus. : Economic Times

Tata Power sets up 150 EV charging stations with 100 per cent green fuel in Mumbai

Mumbai : Tata Power on Wednesday announced that it has installed 150 “green energy-powered” EV charging stations across residential societies, malls, commercial complexes and petrol pumps in Mumbai. These chargers are powered by renewable/clean energy sources like wind, solar, and hydropower. : Economic Times

Adani, Jindal Power Cos in Race to Buy Ind-Barath Thermal

New Delhi : Gautam Adani-promoted Adani Power and Naveen Jindal-promoted Jindal Power (JPL) are in the race to acquire Ind-Barath Thermal Power in a bankruptcy auction, two people aware of the development told ET. : Economic Times

Govt puts decision to allow China solar imports on hold

New Delhi : The government has kept on hold for at least a year its decision to grant foreign manufacturers, including those from China , permission to feature in the approved list of solar photovoltaic (PV) models and manufacturers (ALMM), two people aware of the development said. : Mint

Kalpataru Power Transmission, its arms bag orders worth Rs 2,290 crore

New Delhi : Kalpataru Power Transmission Ltd and its arms have bagged new orders worth Rs 2,290 crore. : Business Standard

Chairman, Coal India launches book

New Delhi : Shri. Pramod Agrawal, Chairman, CIL launched the book “Steering the Stellar Transformation – a firsthand account of the outstanding feat of Coal India”, by Shri. P.K. Sengupta, former Chairman of CIL. Shri. Sengupta was Chairman of Coal India from 1994 to 2000. : psuconnect.in

SJVN Green Energy signed its first Power Purchase Agreement for 100 MW

New Delhi : SJVN Green Energy Limited (SGEL) a wholly-owned subsidiary of SJVN today inked its First Power Purchase Agreement for 100 MW at a tariff of Rs. 2.65 per Unit with PSPCL at Patiala. : psuconnect.in

ADFD, Masdar Join 1.5 GW Renewables Platform of IRENA

New Delhi : ADFD, Masdar Join 1.5 GW Renewables Platform of IRENA. : saurenergy.com

Delhi Airport Becomes India’s First 100% Sustainable Airport

New Delhi : Delhi Airport Becomes India’s First 100% Sustainable Airport. : saurenergy.com

Pennar Industries Inducts Pradeep Sangwan As BU Head-Solar

New Delhi : Pennar Industries Inducts Pradeep Sangwan As BU Head-Solar. : saurenergy.com

Setting Industry Standards for Clean Energy Products

New Delhi : Setting Industry Standards for Clean Energy Products. : saurenergy.com

MSEDCL To Set Up 2,375 EV Charging Stations in Maharashtra By 2025

New Delhi : MSEDCL To Set Up 2,375 EV Charging Stations in Maharashtra By 2025 : saurenergy.com

SUN Mobility & Amazon Launch Battery Swapping Network in Maharashtra

New Delhi : SUN Mobility & Amazon Launch Battery Swapping Network in Maharashtra. : saurenergy.com

Tata Power Installs 150 EV Charging Stations In Mumbai Read more at: https://www.saurenergy.com/solar-energy-news/tata-power-installs-150-ev-charging-stations-in-mumbai

New Delhi : Tata Power Installs 150 EV Charging Stations In Mumbai. : saurenergy.com

Regulator Rules in Favor of Solar Developer, Asks BESCOM to Pay Per Agreement

New Delhi : Regulator Rules in Favor of Solar Developer, Asks BESCOM to Pay Per Agreement. : mercomindia.com

UAE’s Clean Energy Company Masdar Acquired in a Deal Valued at $1.9 Billion

New Delhi : UAE’s Clean Energy Company Masdar Acquired in a Deal Valued at $1.9 Billion. : mercomindia.com

Chhattisgarh Makes Rapid Strides Towards Expanding Solar Open Access Market

New Delhi : Chhattisgarh Makes Rapid Strides Towards Expanding Solar Open Access Market. : mercomindia.com

Regulator Rules in Favor of Solar Developer, Asks BESCOM to Pay Per Agreement

New Delhi : Regulator Rules in Favor of Solar Developer, Asks BESCOM to Pay Per Agreement. : mercomindia.com

Empanelment Tender Issued for 5 MW of Rooftop Solar Systems in Punjab

New Delhi : Empanelment Tender Issued for 5 MW of Rooftop Solar Systems in Punjab. : mercomindia.com

Discoms to buy power from July to meet demand

Vijaywada : In view of the expected power shortage due to the coal crisis in the coming months, power utilities have devised a short-term plan to purchase power ranging from 500 MW to 1500 MW daily based on demand from July to October to ensure 24×7 quality and reliable power supply on a sustainable basis in the State. : New Indian Express

Statiq raises USD 25.7 mn in funding round led by Shell Ventures

New Delhi : Electric vehicle charging network startup Statiq on Thursday said it has raised USD 25.7 million (over Rs 200 crore) in a funding round led by Shell Ventures. : Economic Times

Ferrari installs 1MW fuel cell plant to speed up carbon neutrality

New Delhi : Italy’s Ferrari said on Thursday a new fuel cell plant had been recently installed at its historic headquarters facilities in Maranello, in a further step by the luxury car maker to becoming carbon neutral by 2030. : Economic Times

BatX Energies raises USD 1.6 mn in funding round led by JITO Angel Network

New Delhi : Lithium-ion battery recycling startup BatX Energies Pvt Ltd on Thursday said it has raised USD 1.6 million (Rs 12.5 crore) in a seed funding round led by JITO Angel Network. Mankind Pharma, Kamaljyot Investments, a subsidiary of Excel Industries, and Haldiram’s family offices also participated in this seed funding round, the company said in a statement. : Economic Times

Discom dues liquidation scheme to help realise Rs 9,000 cr receivables for renewable energy companies

New Delhi : The power ministry’s scheme to liquidate overdues that distribution companies or discoms owe generation companies can release the past receivables of the renewable energy companies of Rs 9,000 crore over the next two fiscals, according to CRISIL. : Economic Times

Plug-and-play EV Park launched in Telangana

New Delhi : Telangana Minister for IT and Industries K T Rama Rao on Wednesday launched the state’s first plug-and-play EV Park and Two and Three-Wheeler Electric vehicles, produced by Vayu Motors and Zero 21 here. EV (Electrical Vehicles) Park is the first of its kind in Telangana state. : Economic Times

Eaton to focus on India’s EV market

Chennai : Electric vehicle (EV) components and charging infrastructure products are now a top focus area for power management company Eaton India. : Economic Times

Stop coal pollution or will start protest, Amonkar

Panaji : Mormugao MLA Sankalp Amonkar warned the Authorities of getting people on the streets if the government failed to stop coal pollution at Mormugao port. : Economic Times

OPINION: Why India needs to strengthen institutional capacity to absorb international climate finance?

New Delhi : This year’s World Environment Day, India has two reasons to look back and appreciate its efforts in mitigating climate change. First, it is the only country among G-20 nations which is well on track to meet its Paris agreement goals. : Economic Times

SECL signs MoU with MP Power Generation Co for 660MW power plant

New Delhi : Coal India subsidiary South Eastern Coalfields Limited (SECL) has signed an MoU with the Madhya Pradesh Power Generation Company Limited (MPPGCL) to develop a 660 MW thermal power unit at an investment of Rs 4,665 crore, the company said on Wednesday. : Economic Times

AP govt clears Adani green energy projects worth Rs 15,740 cr

New Delhi : In a boost to the green energy sector in Andhra Pradesh, Chief Minister Y.S. Jagan Mohan Reddy has cleared pump storage projects proposed by Adani Green Energy with a total capacity of 3,700 MW. The project was cleared in the State Investment Promotion Board (SIPB) review meeting on Wednesday. : Economic Times

Google’s plan for 24/7 carbon-free energy ran into headwinds in 2021

New Delhi : Google edged further away from an ambitious climate goal last year as supply-chain disruptions and grid connection delays held up clean-energy projects. : Mint

Discom dues liquidation to help realise Rs9,000 cr receivables for renewable energy sector

New Delhi : The recently announced scheme to liquidate overdues that distribution companies (discoms) owe to generation companies (gencos) can help release the past receivables of the renewable energy (RE) sector of ₹9,000 crore over the next two fiscals, said a Crisil report. : Mint

Coal shortage hurting non-power sectors still year after supply shift

New Delhi : Since the start of a mismatch in the demand and supply of coal in August last year — and the government decision to prioritise power units for coal supply — the non-power sectors of steel, aluminium, iron, paper, cement, etc, have been suffering. : Business Standard

SECL & Madhya Pradesh Power Generating Company signs MoU to set up power plant

New Delhi : SECL, one of the largest coal producing companies of the country, has taken a step towards setting up a power plant. For this MoU has been signed with Madhya Pradesh Power Generating Company. Under this, a provision has been made to form a Joint Venture Company (JV) for setting up a unit of 660 MW capacity at Amarkantak Thermal Power Station Chachai. : psuconnect.in

Pralhad Joshi’s meet with officials of Power Generation Companies

New Delhi : Union Minister of Parliamentary Affairs, Coal and Mines today chaired a meeting of Officials of Ministry of Coal, Government of India and officials from several Power Generation Companies, from Haryana, Punjab, Rajasthan, Uttar Pradesh, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Andhra Pradesh, Karnataka, Tamil Nadu, Jharkhand and West Bengal. : psuconnect.in

Price Of Solar Panel Material, Polysilicon, Touches $40.62, Highest In A Decade

New Delhi : Price Of Solar Panel Material, Polysilicon, Touches $40.62, Highest In A Decade. : saurenergy.com

Solar Capacity Additions In Q2 Starts Off On a Strong Note In India

New Delhi : Solar Capacity Additions In Q2 Starts Off On a Strong Note In India. : saurenergy.com

India Needs $223 Billion To Meet 500 GW RE Target By 2030

New Delhi : India Needs $223 Billion To Meet 500 GW RE Target By 2030. : saurenergy.com

Proposed Scheme On Discom Dues Could Lead To Rs 9,000 Crore Flow Towards RE Developers

New Delhi : Proposed Scheme On Discom Dues Could Lead To Rs 9,000 Crore Flow Towards RE Developers. : saurenergy.com

India’s Largest Building-Integrated Rooftop Solar System Commissioned

New Delhi : India’s Largest Building-Integrated Rooftop Solar System Commissioned. : mercomindia.com

ThomasLloyd Trust Acquires the Remaining 57% Stake in SolarArise India

New Delhi : ThomasLloyd Trust Acquires the Remaining 57% Stake in SolarArise India. : mercomindia.com

Open Access Renewables for Hospitals and Industries in Need of Low-Cost Power

New Delhi : Open Access Renewables for Hospitals and Industries in Need of Low-Cost Power. : mercomindia.com

Inverters with Higher Input Current Needed to Match the New High-Power Solar Modules

New Delhi : Inverters with Higher Input Current Needed to Match the New High-Power Solar Modules. : mercomindia.com

India’s Largest Building-Integrated Rooftop Solar System Commissioned

New Delhi : India’s Largest Building-Integrated Rooftop Solar System Commissioned. : mercomindia.com

Daily News Wrap-Up: SUN Mobility to Deploy 2,000 Battery Swapping Points in Maharashtra

New Delhi : Daily News Wrap-Up: SUN Mobility to Deploy 2,000 Battery Swapping Points in Maharashtra. : mercomindia.com

Oil and Gas

” Mumbai : International Day of Yoga (IDY), is celebrated annually on 21 June every year since its inception in 2015. The 8th edition of IDY was organized in India and across the globe on the theme of ‘Yoga for Humanity’ which was led by Prime Minister Narendra Modi from Mysuru Palace, Mysuru in Karnataka.” : Sarkaritel.com

ONGC Videsh announces new discovery in Colombia

New Delhi : ONGC Videsh Limited (OVL), the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Ltd. (ONGC), the National Oil Company of India, has made an oil discovery in the recently drilled well, Urraca-IX, in CPO-5 block, Llanos Basin, Colombia. : Sarkaritel.com

Great Eastern Energy Corporation Limited (LSE: GEEC) is pleased to announce that it has executed an amendment to its Petroleum Mining Lease (“PML”)

New Delhi : Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, pioneering Indian Coal Bed Methane (“CBM”) Company, is pleased to announce that it has executed an amendment to its Petroleum Mining Lease (“PML”) and will now progress with its shale exploration program (“Shale Programme”). : Sarkaritel.com

ONGC Videsh announces new discovery in Colombia

New Delhi : ONGC Videsh Limited (OVL), the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Ltd (ONGC) has made an oil discovery in the recently drilled well, Urraca-IX, in CPO-5 block, Llanos Basin, Colombia. : Mint

Indian Oil Introduces Indoor Cooking Stove, Surya Nutan

New Delhi : Indian Oil Introduces Indoor Cooking Stove, Surya Nutan. : saurenergy.com

Reliance seeks new technologies to make cheaper green hydrogen

New Delhi : Reliance Industries Ltd., controlled by Indian billionaire Mukesh Ambani, is assessing new technologies for making electrolyzers in its efforts to produce low-cost green hydrogen in the country. : Economic Times

ONGC Videsh announces new discovery in Colombia

New Delhi : ONGC Videsh Limited (OVL), the wholly-owned subsidiary and overseas arm of Oil and Natural Gas Corporation Ltd. (ONGC), the National Oil Company of India, has made an oil discovery in the recently drilled well, Urraca-IX, in CPO-5 block, Llanos Basin, Colombia. : psuconnect.in

ONGC bagged ‘Disaster Risk Reduction Awards’

New Delhi : ONGC, an Indian oil and gas explorer and producer wins big at “Disaster Risk Reduction Awards” in the World Congress on Disaster Management for immense contributions in Disaster Management. : psuconnect.in

India’s crude oil imports from Russia jumps 50 times; now accounts for 10% of all import

New Delhi : Russia has now emerged among the top 10 suppliers of crude oil to India. From all the crude oil purchases from overseas, India’s imports from Russia have climbed more than 50 times since April. : Mint

European gas futures gain as Germany sounds alarm over Russia disruption

New Delhi : European natural gas prices rose to a one-week high as Germany triggered the second stage of its gas-emergency plan, adding to mounting concerns across the continent over steep cuts in Russian supplies. : Business Standard

Oil prices weaken on hawkish Fed rhetoric, concerns about demand

New Delhi : Oil prices fell about $1 a barrel on Thursday in volatile trading as investors weighed the risk that rising interest rates could trigger a recession and cut demand for fuel. : Business Standard

Siemens Energy and Air Liquide’s JV to Produce 3 GW of Green Hydrogen Electrolyzers by 2025

New Delhi : Siemens Energy and Air Liquide’s JV to Produce 3 GW of Green Hydrogen Electrolyzers by 2025. : mercomindia.com

Union Minister of State for Petroleum & Natural Gas and Labour & Employment Rameswar Teli visits IndianOil R&D

New Delhi : Dr. SSV Ramakumar, Director (R&D) welcomed Rameswar Teli, Union Minister of State for Petroleum & Natural Gas and Labour & Employment, on his maiden visit to IndianOil R&D. : Free Press Journal

Biden calls on Congress to suspend federal gas tax for 90 days

Washington : US President Joe Biden has called on Congress to suspend federal gas tax for 90 days, as Americans are frustrated by the nation’s soaring gas prices. : Economic Times

INNOVATION: IIT-Roorkee develops fuel from forest bio residue

New Delhi : The Indian Institute of Technology in Roorkee (IIT-R) has developed briquettes that can be used for energy generation. : Economic Times

Europe gas demand opens way for new West African gas exports: Mauritania

New Delhi : Europe’s move away from Russian gas provides a ready market for a vast project being developed in West Africa, Mauritania’s oil minister said on Thursday. : Economic Times

Oil extends falls as investors assess recession risks

London : A retreat in oil prices continued on Thursday as investors reassessed the risks of recession and how fuel demand will be affected by rising interest rates. : Economic Times

As Russia cuts gas, German industry grapples with painful choices

Frankfurt : The German companies that drive Europe’s biggest economy are contemplating painful cuts to their output and resorting to polluting forms of energy previously considered unthinkable as they adjust to the prospect of running out of Russian gas. : Economic Times

Dredging company to pay $1M for restoration work oil spill

New Delhi : A Houston dredging company has been ordered to pay a $1 million fine for an oil spill that occurred when a subcontractor cut through an oil pipeline during barrier island restoration work off Louisiana in 2016. : Economic Times

Algeria, Niger, Nigeria revive talks on Saharan gas pipeline

New Delhi : Algeria, Niger and Nigeria held talks this week on the revival of a decades-old project to pipe gas across the Sahara, a potential opportunity for Europe to diversify its gas sources. : Economic Times

Russian oil tankers get India safety cover via Dubai company

London : India is providing safety certification for dozens of ships managed by a subsidiary of top Russian shipping group Sovcomflot, official data showed, enabling oil exports to India and elsewhere after Western certifiers withdrew their services due to global sanctions against Moscow. : Economic Times

Oil refiners an easy, but odd, target for pump-price surge

New Delhi : Gasoline prices are at records, and refiners’ spectacular profits are putting them in the hot seat. They are an obvious, but odd, target. : Mint

GEECL to commence shale exploration programme

New Delhi : Integrated coal bed methane (CBM) company, Great Eastern Energy Corporation Limited on Thursday announced that it has executed an amendment to its Petroleum Mining Lease (PML) and will now progress with its shale exploration program. : Mint

Germany on ‘gas alarm’, sees long-term supply shortages: Report

New Delhi : Europe’s biggest buyer of Russian gas is bracing for a further drop in supply next month when a key pipeline shuts for maintenance – and fears the link may never return to full capacity. : Business Standard

Crude takes fresh hit as fear of global slowdown scars commodities

New Delhi : Oil fell again, along with other key commodities, as concerns over a global economic slowdown intensified, with Federal Reserve (Fed) Chair Jerome Powell warning that a US recession is possible. : Business Standard

Reliance On The Lookout For New Technologies To Make Low-Cost Green Hydrogen A Reality

New Delhi : Reliance On The Lookout For New Technologies To Make Low-Cost Green Hydrogen A Reality. : saurenergy.com

Curtailed sales: Almost all fuel outlets operational, says govt

New Delhi : Over 80,000 petrol pumps, spread across the length and breadth of the country, belonging to both public and private sectors, are operating at near normal level now, a senior government official said. On an average, nearly 60 million people visit petrol pumps every day. : Financial Express

Aramco-backed start up Amogy races to develop ammonia as a fuel

London : South Korea’s SK Innovation has led the latest $46 million funding round for climate tech start-up Amogy, which aims to accelerate the shift to zero-emissions fuels for heavy industries such as shipping, its chief executive told Reuters. : Economic Times

Germany enters Phase 2 of emergency gas plan after Russia dwindles supply

Frankfurt : Germany entered Phase 2 of its three-stage emergency gas plan on Thursday due to reduced supply from Russia and high prices but is not yet triggering a clause that lets utilities pass on soaring gas costs to customers, the Economy Ministry said. : Economic Times

Shipping costs soar as Russian fallout upends global fuel flows

New Delhi : The dislocation of global fuel markets after Russia’s invasion of Ukraine has boosted the cost of shipping products such as diesel by sea. : Economic Times

TotalEnergies refinery strikes to go ahead, CGT union official says

New Delhi : French trade union CGT plans to go ahead with a 24-hour strike on Friday at TotalEnergies’ oil refineries in France after talks with CEO Patrick Pouyanne on Wednesday fell through, CGT official Thierry Defresne told Reuters. : Economic Times

Kremlin dismisses German gas complaints as ‘strange’

Moscow : The Kremlin said Thursday it was “strange” that Germany considers the reduction of its gas supplies from Russia as political payback for Berlin’s opposition to the conflict in Ukraine. : Economic Times

Opinion: Green hydrogen may be energy’s future, but it’s complicated: Russell

New Delhi : Green hydrogen is often touted as the future of energy, providing a flexible and zero-emission fuel for transportation and electricity generation. : Economic Times