21-Oct-2022

Power

” Gurgoan, Haryana : In an event organized at Mumbai, REC Limited – A Maharatna CPSE under Ministry of Power, signed a loan agreement with Mumbai Metropolitan Region Development Authority (MMRDA) for nine metro projects being developed in the Mumbai Metropolitan Region (MMR)” : Sarkaritel.com

” New Delhi : Prem Prakash has taken over the additional charge of the post of Chief Vigilance Officer (CVO), NHPC on 20.10.2022. Presently, Prem Prakash is also holding the post of CVO, SJVNL. Prior to joining SJVNL, Prem Prakash was posted as Deputy Director General of Legal Cell, Directorate of Ordnance (Coordination & Services), Kolkata.” : Sarkaritel.com

NLCIL, NIWE to develop onshore, offshore wind power projects in India

Cuddalore : NLC India Ltd (NLCIL), a Navratna public sector enterprise, has entered into a memorandum of understanding (MoU) with the National Institute of Wind Energy (NIWE), an autonomous research and development institution under the Union ministry of New and Renewable Energy, to develop onshore and offshore wind power projects in the country. : Economic Times

Coal ministry eyes 1.3 billion tonne production by FY25

New Delhi : To strengthen India’s energy security and to realise Atmanirbhar Bharat by replacing imported coal with domestically mined coal, the coal ministry has set a target to produce 1.3 billion tonne by FY25 and 1.5 billion tonne by FY30, an official statement said. : Mint

Adani to install 1.80 mn Smart Meters for BEST power consumers

Mumbai : The Adani Group has bagged a bid to install 10.80 lakh (1.80 million) “Smart Meters” for electricity consumers of the Bombay Electric Supply & Transport (BEST), which will ’empower’ the distributor to cut-off the power supply of bill defaulters automatically, officials said here on Thursday. : Economic Times

America’s new nuclear power industry has a Russian problem

New Delhi : US firms developing a new generation of small nuclear power plants to help cut carbon emissions have a big problem: only one company sells the fuel they need, and it’s Russian. : Economic Times

Greece proposes power link to Austria, Germany: minister

New Delhi : Greece has proposed building a cable that will carry electricity produced by renewables to Austria and southern Germany, its Energy Minister said on Thursday. : Economic Times

Australia’s Victoria gov’t raises renewable energy goals as state election looms

Sydney : The Labor government of Australia’s Victoria state said on Thursday it would raise its renewable energy targets and proposed government ownership of future power generation if it wins local elections due to be held next month. : Economic Times

WCL coal stock at lowest level, no power crisis yet

Nagpur : During Diwali season last year, Maharashtra faced major power crisis leading to outages and power being purchased from open sources even at higher rates to plug the gap. : Economic Times

OPINION: Energy as a service in Contemporary India

New Delhi : From the generation of electricity to transportation, energy is used for a multitude of things. With India witnessing rapid urbanization and industrialization and marching towards becoming a $5 trillion economy, its energy needs are growing enormously. : Economic Times

To make hay while solar energy shines

New Delhi : The International Solar Alliance (ISA), at its 5th assembly in New Delhi that ends today, has decided to set up mechanisms to increase investments in solar energy, particularly in parts of the world where investments have been low. This is an important step. : Economic Times

US has made ‘dramatic change’ in technology used for nuclear code system

Washington : The museum of one of the nation’s most secretive government agencies has recently reopened following a two-year pandemic closure, and among its new exhibits is one that provides a rare window into a technological upgrade to the nation’s nuclear command and control system. : Mint

Hitachi Energy to supply transformers for NTPC renewable energy park

New Delhi : Hitachi Energy India Limited will supply power transformers to NTPC Renewable Energy Limited (NTPC REL) for its upcoming 4.75 gigawatt renewable energy park in Gujarat. : Business Standard

Suzlon Energy’s Rs 1,200-crore rights issue oversubscribed by 1.8 times

New Delhi : Suzlon Energy on Thursday said that its Rs 1,200-crore rights issue has been subscribed by 1.8 times. “The (rights) issue resulted into subscription of 435.46 crore shares resulting into oversubscription by 1.8 times. The issue period was from October 11, 2022 to October 20, 2022,” a company statement said. : Business Standard

Germany’s Nordex Group to Supply 82-MW Turbines to Landwind Group

New Delhi : Germany’s Nordex Group to Supply 82-MW Turbines to Landwind Group. : saurenergy.com

GUVNL Invites Bids for 300 MW Wind Power Project Phase IV

New Delhi : GUVNL Invites Bids for 300 MW Wind Power Project Phase IV. : saurenergy.com

SJVN Green Energy Floats 5.5 MW Solar Tender for Charanka

New Delhi : SJVN Green Energy Floats 5.5 MW Solar Tender for Charanka. : saurenergy.com

FIMER Solar Inverter Solutions Support Yarmouk University with 3.59 MW Capacity

New Delhi : FIMER Solar Inverter Solutions Support Yarmouk University with 3.59 MW Capacity. : saurenergy.com

MNRE issues draft National Repowering Policy for Wind Power Projects, 2022

New Delhi : The Ministry of New and Renewable Energy (MNRE) recently issued the revised draft of the National Repowering Policy for Wind Power Projects, 2022, as the majority of old wind power projects with sub megawatt scale wind turbines are yet to be repowered. : Economic Times

Centre approves nearly Rs 700cr for power infra works, smart metering

Panaji : The central government has sanctioned around Rs 242 crore for power infrastructure projects, including replacement of old transformers, and Rs 467 crore has been sanctioned for smart prepaid metering projects, power minister Ramkrishna ‘Sudin’ Dhavalikar said. : Economic Times

Germany to cap electricity prices by taxing excess profits

Berlin, Germany : Germany’s government plans to introduce a cap on electricity prices for households and industry to ease the impact of soaring energy costs, a ministry document seen by Reuters on Wednesday showed. : Economic Times

International conclave to look at green energy

New Delhi : With an intention to provide an ideal platform for entrepreneurs, investors and incubators and to exchange ideas and innovations on clean fuels, the city-based National Institute of Engineering (NIE) in association with T4F Germany and OWI, Germany has organised an international conclave on clean fuels on November 2 and 3. : Economic Times

Hitachi to supply power transformers for NTPC’s 4-GW RE park in Gujarat

New Delhi : Hitachi Energy India on Thursday said it has been awarded a contract by state-owned power giant NTPC’s wholly-owned subsidiary, NTPC Renewable Energy (NTPC REL), to supply power transformers for their upcoming 4.75 gigawatt (GW) renewable energy park in Gujarat. : Economic Times

PM likely to inaugurate greenfield airport in Itanagar and Kameng hydroelectric power project in Arunachal Pradesh

New Delhi : Prime Minister Narendra Modi is likely to inaugurate the greenfield airport in Itanagar and 600 mw generation capacity Kameng hydroelectric power project in Arunachal Pradesh. : Economic Times

Renewables revolution requires cutting cost of capital in developing world: UN Chief

New Delhi : United Nations Secretary General Antonio Guterres has called for low cost finance to be made available for developing countries like India to allow for the renewable energy revolution to succeed. : Economic Times

NARCL offers ₹900 crore for Meenakshi Energy debt

New Delhi : National Asset Reconstruction Company of India (NARCL), the government-promoted bad bank, has given lenders of Meenakshi Energy a Rs 900 crore binding offer to acquire its debt, said two people aware of the development. : Economic Times

Adani arm bags Rs 1,300 cr smart meters installation deal from Mumbai’s BEST

New Delhi : Adani Transmission on Thursday announced that it has bagged a deal to install and maintain 10.80 lakh smart meters for BEST Undertaking. Sources pegged the deal value for the multi-year-old engagement by Adani Transmission’s distribution platform at Rs 1,300 crore. : Economic Times

Tata Power-DDL launches extensive drive to implement safety measures

New Delhi : Ahead of the festive season, Tata Power Delhi Distribution (Tata Power-DDL) is taking proactive measures by organising an extensive safety drive for its consumers and staff to reduce chances of electricity-related mishaps. : Mint

Thermal capacity build-up still key to energy security

New Delhi : Rising power demand following the post-covid opening up of the economy has brought thermal power generators into focus. While renewable capacities are growing at a fast pace, the dependence on thermal and hydropower will continue, considering that renewables contribute in low double digits, and may not be able to meet peak seasonal demand, said analysts. : Mint

SJVN Bags 105 MW Floating Solar Project in Maharashtra

New Delhi : SJVN Bags 105 MW Floating Solar Project in Maharashtra. : mercomindia.com

Scientists Find Metal-Based Alternative for Energy Generation, Storage, and Recharging

New Delhi : Scientists Find Metal-Based Alternative for Energy Generation, Storage, and Recharging. : mercomindia.com

US Announces $30 Million Funding for Wind Power Research

New Delhi : US Announces $30 Million Funding for Wind Power Research. : mercomindia.com

Primergy Solar Partners with CATL for $1.2 Billion Solar+ Storage Project in the US

New Delhi : Primergy Solar Partners with CATL for $1.2 Billion Solar+ Storage Project in the US. : mercomindia.com

Coal import to be stopped by 2024, says Pralhad Joshi

New Delhi : Coal minister Pralhad Joshi on Thursday said that the import of dry fuel which has declined considerably will be stopped by 2024. : Business Standard

Saurabh Agrawal takes over as Tata Power Renewable Energy’s chairman

New Delhi : The Tata group on Thursday restructured the board of Tata Power Renewable Energy with Saurabh Agrawal, a director of Tata Sons, taking over as the chairman of the board. : Business Standard

ANERT Invites Bids For 2 MW Solar Power Project in Kerala

New Delhi : ANERT Invites Bids For 2 MW Solar Power Project in Kerala. : saurenergy.com

Octopus Energy Partners with Nexta for 1.1 GW Renewables in Italy

New Delhi : Octopus Energy Partners with Nexta for 1.1 GW Renewables in Italy. : saurenergy.com

NIWE & NLCIL Collaborate to Build Onshore, Offshore Wind Power Plants

New Delhi : NIWE & NLCIL Collaborate to Build Onshore, Offshore Wind Power Plants. : saurenergy.com

Baseload Capital Raises $24 Million to Bolster Geothermal Energy

New Delhi : Baseload Capital Raises $24 Million to Bolster Geothermal Energy. : mercomindia.com

Maoneng, Gaw Capital Partner to Develop 1.9 GW of Solar + Storage Projects in Australia

New Delhi : Maoneng, Gaw Capital Partner to Develop 1.9 GW of Solar + Storage Projects in Australia. : mercomindia.com

Average AT&C Losses for DISCOMs Increases to 22.32% in FY21

New Delhi : Average AT&C Losses for DISCOMs Increases to 22.32% in FY21. : mercomindia.com

Government Shuts Door on Solar Projects Hoping for Concessional Import Duty

New Delhi : Government Shuts Door on Solar Projects Hoping for Concessional Import Duty. : mercomindia.com

Tangedco saves Rs 560 crore by shrinking AT&C losses

Chennai : Tangedco has reduced 0.49% of its aggregate technical and commercial (AT&C) losses from 14.12% and avoided losses of Rs 560 crore for the financial year 2021-22. : New Indian Express

Oil and Gas

CII and Indian Oil Corporation launch project ‘Vayu Amrit’ in Sangrur to mitigate stubble burning

New Delhi : The Confederation of Indian Industry partnered with Indian Oil Corporation to launch project ‘Vayu Amrit’, a crop residue management initiative, in Punjab’s Sangrur on Wednesday. Crop residue burning should be avoided at all costs as it adversely impacts the environment, Sangrur’s Deputy Commissioner Jitendra Jorwal said. : Economic Times

GAIL India issues swap tender for four cargoes

London : GAIL (India) Ltd has issued a swap tender offering two liquefied natural gas (LNG) cargoes for loading in the United States in exchange for two other cargoes for delivery into India, two industry sources said on Thursday. : Mint

MoEF panel nod to RIL’s Hazira manufacturing complex’s Rs 10k Cr expansion, debottlenecking

New Delhi : The Expert Appraisal Committee under the Ministry of Environment, Forests and Climate Change has recommended Environmental Clearance for the Rs 10,000 crore expansion and debottlenecking of Reliance Industries Ltd’s Hazira Manufacturing Division (HMD) in Gujarat. : Economic Times

German energy regulator says gas supply looks encouraging

Frankfurt : Germany’s energy regulator chief Klaus Mueller described measures to offset Russian imports as “encouraging” in a note issued on Thursday on the status of the gas supply in Europe’s largest economy. : Economic Times

EU leaders head into divisive summit on energy crisis

New Delhi : European Union leaders were heading into a two-day summit Thursday with opposing views on whether, and how, the bloc could impose a gas price cap to contain the energy crisis fueled by Russian President Vladimir Putin’s invasion of Ukraine and his strategy to choke off gas supplies to the bloc at will. : Economic Times

Los Angeles jet fuel falls to nearly $1 under NYMEX

Houston : October-delivery jet fuel fell to 90 cents a gallon under November NYMEX heating oil on Wednesday in the Los Angeles wholesale market, said West Coast market traders. : Economic Times

Vietnam central bank asked to facilitate funds for fuel imports

Hanoi : Vietnam’s government has asked its central bank to help local fuel traders have better access to foreign currencies to pay for fuel imports, the Ministry of Industry and Trade said late on Wednesday. : Economic Times

Uganda expects to secure $5 bln oil pipeline funding early 2023

New Delhi : Uganda’s national oil company (UNOC) expects to secure the funding for a $5 billion crude pipeline that the European Union is opposed to, by early next year, UNOC’s chief executive told Reuters on Thursday. : Economic Times

Renewables shift lays bare Africa’s energy dilemma

New Delhi : Africa must build oil and gas pipelines, liquefied natural gas (LNG) terminals, distribution hubs and gas-fired power plants over the next 20 years to unlock its energy market of over 600 million people, officials, executives and analysts say. : Economic Times

EU gas price cap still elusive as leaders meet again over energy crunch

New Delhi : Leaders of the 27 European Union countries meet on Thursday for the second time in a fortnight to try to bring down energy prices, though persistent divisions between them mean the bloc is unlikely for now put a ceiling on what it pays for gas. : Economic Times

Trinidad ready to boost LNG, ammonia exports once more gas is online

Washington : Trinidad and Tobago, Latin America’s largest producer of liquefied natural gas and among the world’s three top exporters of ammonia, is exploring ways to boost shipments of gas and petrochemical products to help ease global shortages, Energy Minister Stuart Young said on Wednesday. : Economic Times

EU leaders united against Russia, divided over energy summit

New Delhi : The European Union has shown rock-solid unity in confronting Russia over its war in Ukraine, but EU leaders lack that common purpose heading into Thursday’s summit to seek joint measures to contain an energy crisis that has already dented their economy and threatens to spread hardship among the bloc’s 450 million people this winter. : Economic Times

Nigeria LNG has not yet cancelled cargoes despite force majeure: sources

London : Nigeria LNG Limited (NLNG) has not yet cancelled any liquefied natural gas (LNG) cargoes despite declaring force majeure due to heavy flooding, two sources familiar with the situation told Reuters. : Economic Times

Oilfield services firm Baker Hughes posts quarterly loss on charges

New Delhi : Baker Hughes Co posted a quarterly loss on Wednesday, compared with a profit a year ago, hit by $230 million in restructuring and impairment charges relating to the oilfield services provider’s latest reorganization. : Economic Times

Biden says US should boost domestic oil production

Washington : President Joe Biden called Wednesday on US energy companies to increase oil production and to lower retail gasoline prices as he announced a new release from strategic US reserves in a bid to dampen fuel prices. : Economic Times

Explainer: What is the SPR, the US emergency oil stash?

New Delhi : The White House is nearing the end of its scheduled release of 180 million barrels of crude oil from the US Strategic Petroleum Reserve, the largest such release from the stockpile in history. : Economic Times

Neptune warns Dutch investment at risk if no windfall tax allowance

New Delhi : Neptune Energy could shift investments away from the Netherlands if they cannot be offset against a new windfall tax the Dutch government plans to impose in response to soaring energy prices, the oil and gas producer warned on Thursday. : Economic Times

Govt in talks for long-term Namibian crude contracts

New Delhi : India, the world’s third biggest oil importer, is looking to secure a long-term crude oil supply deal from Namibia, which is being hailed for one of the world’s largest oil finds in recent years, said two people aware of the development. : Mint

Gas price takes a toll on refining margins

New Delhi : The rise in prices of liquefied natural gas and a global supply crunch has impacted the gross refining margins (GRM) of oil marketing companies, said people in the know of the developments. : Mint

Nigerian firm says it can’t ship natural gas after flooding

New Delhi : A major Nigerian energy company says it cannot deliver natural gas as promised in its contracts after deadly flooding hindered its operations, raising concerns about whether Africa’s largest economy can meet increased local and international demands during an energy crisis provoked by Russia’s war in Ukraine. : Economic Times

War drives $73bn spend on green hydrogen: Carbon Tracker

New Delhi : War in Ukraine has spurred over $70 billion of fresh investment in green hydrogen in just a few months as costs drop and has made fossil fuel-produced hydrogen uneconomic as gas prices soar. : Economic Times

Freeport LNG plant to require full US approval before partial restart

New Delhi : The second-largest US liquefied natural gas export plant, idled for five months by a fire, must receive full approvals before a planned November restart can begin, regulator Pipeline Hazardous Materials and Safety Administration (PHMSA) said on Wednesday. : Economic Times

Oil prices rise on possible easing in China Covid quarantine measure

Singapore : Oil prices gained around $1 on Thursday as investor sentiment rose on news that China is considering a cut in the duration of quarantine for inbound visitors. : Economic Times

Oil rises on tight supplies, China possibly easing COVID curbs

London : Oil prices rose by more than $1 on Thursday in response to tighter supplies and on news that China is considering a cut in the duration of quarantine for inbound visitors. : Economic Times

Technip Energies signs deal to leave Arctic LNG 2 project in H1 2023

New Delhi : Technip Energies expects to fully exit the liquefied natural gas project (LNG) Arctic LNG 2 led by Moscow-listed gas producer Novatek next year, the French oil and gas services provider said on Thursday. : Economic Times

Woodside lifts output forecast as revenue soars on high energy prices

New Delhi : Woodside Energy Group Ltd raised its annual production outlook on Thursday after posting record revenue as it benefited from firmer energy prices and its merger with BHP Group’s petroleum assets, sending its shares soaring. : Economic Times

High gas prices spur green hydrogen investment: report

London : Soaring natural gas prices have made hydrogen produced from fossil fuels increasingly uneconomic and spurred more than $70 billion of new investment in hydrogen from renewables since war broke out in Ukraine, a report said on Thursday. : Economic Times

French oil refinery strikes begin to ease

Paris, France : After three weeks of blockades, strikes at sites owned by French oil giant TotalEnergies were starting to ease on Wednesday, although uncertainty remains over fuel supply as the country heads into the autumn holiday break. : Economic Times

Oil prices start session mixed on uncertain demand, supply concerns

New Delhi : Oil prices opened mixed in early Asian trade on Thursday as investors balanced caution over tightening supply against lower demand projections. : Economic Times

US charges Russians for shipping military equipment, Venezuelan oil

New Delhi : US prosecutors on Wednesday charged five Russian nationals for sanctions evasion and other violations related to shipping military technologies bought from US manufacturers to Russian buyers, some of which ended up on the battlefield in Ukraine. : Economic Times

Estonia turns back to shale oil as it cuts off Russian power

New Delhi : When Baltic states switched off Russian power and halted other imports in response to Moscow’s invasion of Ukraine, Estonia restarted its shale oil power plants and set back its efforts to phase out heavily polluting fuels. : Economic Times

India to pitch for global biofuels alliance at G20: oil minister

New Delhi : India plans to pitch for a global alliance on biofuels among members of the group of 20 major economies, oil minister Hardeep Singh Puri said on Wednesday, as the world’s third biggest oil consumer bids to boost use of cleaner fuels. : Economic Times

UNSW Engineers Claim Diesel Engine Can Run on Hydrogen-Diesel Fuel Mix

New Delhi : UNSW Engineers Claim Diesel Engine Can Run on Hydrogen-Diesel Fuel Mix. : mercomindia.com

Number of petrol pumps selling biofuels jumped threefold in 5 years: Puri

New Delhi : Union Petroleum Minister Hardeep S Puri on Wednesday said that the number of petrol pumps selling biofuels has increased threefold from 29,897 in 2016-17 to 67,641 in 2021-22. India’s ethanol demand is poised to grow to 10.16 billion litres by 2025, he noted. : Business Standard

Oil prices rise on possible easing of Covid quarantine measure in China

New Delhi : Oil prices gained around $1 on Thursday as investor sentiment rose on news that China is considering a cut in the duration of quarantine for inbound visitors. : Business Standard

Oil prices start session mixed on uncertain demand, supply concerns

New Delhi : Oil prices opened mixed in early Asian trade on Thursday as investors balanced caution over tightening supply against lower demand projections. : Business Standard

Oil rises on tight supplies, possibility of China easing Covid curbs

New Delhi : Oil prices rose by more than $1 on Thursday in response to tighter supplies and on news that China is considering a cut in the duration of quarantine for inbound visitors. : Business Standard

Stargate Hydrogen Launches Next-Gen Gateway Electrolyser Product Family

New Delhi : Stargate Hydrogen Launches Next-Gen Gateway Electrolyser Product Family. : saurenergy.com

CO2 Emissions from Fossil Fuels Drop Globally Due to Expansion of Renewables: IEA

New Delhi : CO2 Emissions from Fossil Fuels Drop Globally Due to Expansion of Renewables: IEA. : mercomindia.com