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MEDIA UPDATE (March 14, 2024)

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14-Mar-2024

Power

Power Finance Corporation declared its third interim dividend

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New Delhi : As per the exchange filing of the company, the board of directors of Power Finance Corporation has declared the third interim dividend of Rs 3 per equity share on the face value of the paid-up equity shares of Rs 10 for each as of FY 2023-24. : psuconnect.in

Coal ministry unveils National Master Plan to foster sectoral growth, ensures timely execution

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New Delhi : Coal ministry unveils National Master Plan to foster sectoral growth, ensures timely execution. : Economic Times

Cabinet greenlights framework agreement for India-UAE Economic Corridor

New Delhi : Cabinet greenlights framework agreement for India-UAE Economic Corridor. : Economic Times

Rooftop solar plants to be installed in 645 Delhi govt, MCD buildings, will create 50 MW capacity

New Delhi : Rooftop solar plants to be installed. in 645 Delhi govt, MCD buildings, will create 50 MW capacity : Economic Times

India well-prepared to achieve 500 GW renewable energy target by 2030: A Nithyanand, Sembcorp India

New Delhi : India well-prepared to achieve 500 GW renewable energy target by 2030: A Nithyanand, Sembcorp India. : Economic Times

Rajasthan govt to inaugurate adoption of Sangod as model town for rooftop solar power

Jaipur : Rajasthan govt to inaugurate adoption of Sangod as model town for rooftop solar power. : Economic Times

Coal Ministry will fulfill 874 mn tonnes coal requirement for power sector in FY25: Prahlad Joshi

New Delhi : Coal Ministry will fulfill 874 mn tonnes coal requirement for power sector in FY25: Prahlad Joshi. : Economic Times

SJVN arm gets letter of intent for 500 MW solar project in Gujarat

New Delhi : SJVN arm gets letter of intent for 500 MW solar project in Gujarat. : Economic Times

Success in Solar Energy may be a Curse for Chinese Panel Manufactures

New Delhi : Success in Solar Energy may be a Curse for Chinese Panel Manufactures. : Mint

Coal Ministry will fulfill 874 mn tonnes coal requirement for power sector in FY’25: Prahlad Joshi

New Delhi : The coal ministry is geared up to fulfill the 874 million tonnes coal demand for the power sector in financial year 2024-25, Union Minister Pralhad Joshi said on Wednesday. : psuwatch.com

SJVN arm gets letter of intent for 500 MW solar project in Gujarat

New Delhi : SJVN Green Energy has received a letter of intent from Gujarat Urja Vikas Nigam Ltd for a 500 MW solar project entailing an investment of Rs 2,700 crore. : psuwatch.com

SECI Extends Bids For 900 Domestically Manufactured PV To 26 March

New Delhi : SECI Extends Bids For 900 Domestically Manufactured PV To 26 March. : saurenergy.com

GAIL Issues Tender For Solar Plants Across Locations In India

New Delhi : GAIL Issues Tender For Solar Plants Across Locations In India. : saurenergy.com

SGEL Gets LoI From GUVNL For 500 MW GIPCL Solar Park In Khavda

New Delhi : SGEL Gets LoI From GUVNL For 500 MW GIPCL Solar Park In Khavda. : saurenergy.com

India Registers 56% Growth in Wind Installations, Adds 2.8 GW in 2023

New Delhi : India Registers 56% Growth in Wind Installations, Adds 2.8 GW in 2023. : mercomindia.com

Haryana DISCOM Invites Bids for 5 MW Solar Projects Under KUSUM

New Delhi : Haryana DISCOM Invites Bids for 5 MW Solar Projects Under KUSUM. : mercomindia.com

In Clean Energy Push, Odisha Approves Project Proposals Worth Rs.557 Billion

New Delhi : In Clean Energy Push, Odisha Approves Project Proposals Worth Rs.557 Billion. : mercomindia.com

Salasar wins contracts worth Rs 1033 cr from TANGEDCO

New Delhi : Salasar Techno Engineering has secured a Notification of Award (NOA) for 7 distinct contracts aggregately worth Rs. 1033.78 crore from Tamil Nadu Generation and Distribution Corporation (TANGEDCO). : Business Standard

Renewable drive: Coal sector to boost solar and wind capacity to 9GW by 2030

New Delhi : Renewable drive: Coal sector to boost solar and wind capacity to 9GW by 2030. : Economic Times

India’s energy subsidies reach 9-year peak at $39.3 billion amidst global crisis

New Delhi : India’s energy subsidies reach 9-year peak at $39.3 billion amidst global crisis. : Economic Times

Cabinet greenlights MoU for India-Bhutan collaboration in energy efficiency

New Delhi : Cabinet greenlights MoU for India-Bhutan collaboration in energy efficiency. : Economic Times

Hartek Group names Sanjay Kumar as CEO to lead renewable energy charge

New Delhi : Hartek Group names Sanjay Kumar as CEO to lead renewable energy charge. : Economic Times

BluPine Energy secures Rs 1,260 cr loan for wind project in Gujarat

New Delhi : BluPine Energy secures Rs 1,260 cr loan for wind project in Gujarat. : Economic Times

Rooftop solar plants to be installed in 645 Delhi govt, MCD buildings, will create 50 MW capacity

New Delhi : Rooftop solar plants to be installed in 645 Delhi govt, MCD buildings, will create 50 MW capacity. : Economic Times

Tata Power Solar Systems commissions 100 MW solar project with 120 MWh battery storage

New Delhi : Tata Power Solar Systems (TPSSL) on Tuesday said it has commissioned 100 MW solar PV project, coupled with 120 MWh utility scale battery energy storage systems (BESS) at Rajnandgaon in Chhattisgarh. : psuwatch.com

SJVN gets Letter of Intent from GUVNL for 500 MW Solar Project

New Delhi : SJVN Green Energy Limited, has earlier bagged the 500 MW (100 MW + 400 MW Green Shoe) Project through tariff-based competitive bidding at a tariff of INR 2.54 /Unit on Build Own and Operate (BOO) basis on e-RA was conducted on 25.01.2024 by GUVNL. : psuconnect.in

MSEDCL Approves Maharashtra’s Procurement Of 7,783 MW Solar Energy

New Delhi : MSEDCL Approves Maharashtra’s Procurement Of 7,783 MW Solar Energy. : saurenergy.com

JSW Energy, Serentica, ReNew & Hero Solar Among Firms Winning 1.5 GW SECI Bid

New Delhi : JSW Energy, Serentica, ReNew & Hero Solar Among Firms Winning 1.5 GW SECI Bid. : saurenergy.com

Bridge and Roof Company Invites Bids for 2.3 MW Rooftop Solar Project in West Bengal

New Delhi : Bridge and Roof Company Invites Bids for 2.3 MW Rooftop Solar Project in West Bengal. : mercomindia.com

Maharashtra Invites Bids for 40 MW Solar Projects with Crystalline Technology

New Delhi : Maharashtra Invites Bids for 40 MW Solar Projects with Crystalline Technology. : mercomindia.com

MAHAGENCO Floats Tender for 50 MW of Solar Projects in Yavatmal District

New Delhi : MAHAGENCO Floats Tender for 50 MW of Solar Projects in Yavatmal District. : mercomindia.com

Indian Coal Sector Targets 9 GW Renewable Energy Capacity by 2030

New Delhi : Indian Coal Sector Targets 9 GW Renewable Energy Capacity by 2030. : mercomindia.com

Chandigarh seeks more power supply to sail through summer surge

Chandigarh : Anticipating increased electricity demand in the upcoming summer months, the UT electricity department has written to the Union ministry of power to increase the unallocated power quota of Chandigarh from 9% to 14% to ensure uninterrupted supply. : Hindustan Times


Oil and Gas

Compressed bio gas plants to be set up in Raipur, Bhilai; initial pact with BPCL signed

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New Delhi : Compressed bio gas plants to be set up in Raipur, Bhilai; initial pact with BPCL signed. : Economic Times

Delay in DIPAM nod holds up Indian Oil’s Mercator buyout

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New Delhi : Indian Oil Corp (IOCL), the country’s biggest fuel retailer, is yet to secure state approval to complete the the acquisition of oil and gas company Mercator Petroleum more than four months after the National Company Law Tribunal allowed the sale of the distressed asset. : Economic Times

ONGC’s Five Offshore platforms bags Safety Awards

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New Delhi : The Five Offshore Platforms of ONGC at offshore Bassein & Satellite Asset namely BPA, BPB, PANNA, B-193 and Tapti have been awarded with the British Safety Council’s International Safety Awards 2024. : psuconnect.in

Reliance Ethane Holding invests in three wholly owned subsidiaries

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New Delhi : Reliance Ethane Holding Pte Ltd (REHPL), a wholly owned subsidiary of Reliance Industries, has invested in 34,300,000 ordinary shares of face value of USD 1 each for cash at par, in each of its three wholly owned subsidiaries, viz., Ethane Coral LLC, Ethane Diamond LLC and Ethane Jade LLC (Ethane LLCs), aggregating $102.90 million. : Sarkaritel.com

PM Modi inaugurates ?20,600 crore petrochemical project in Gujarat

New Delhi : PM Modi inaugurates ?20,600 crore petrochemical project in Gujarat. : Economic Times

OPEC says IEA commentary on oil security encouraging

New Delhi : OPEC says IEA commentary on oil security encouraging. : Economic Times

India Reliance fuel supply to Europe avoiding Red Sea, sources say

New Delhi : India Reliance fuel supply to Europe avoiding Red Sea, sources say. : Economic Times

OPEC, IEA emerge most divided on oil demand projections since 2008 ahead of Thursday’s data

New Delhi : Paris-based International Energy Agency (IEA) and the producer group Organisation of Petroleum Exporting Countries (OPEC) have emerged most divided on oil demand forecast than they have been since at least 2008. : Mint

BPCL bags award under Large Energy company category

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New Delhi : Bharat Petroleum, the country’s leading oil and gas company received the award for “Building Climate Resilience in Indian Business” under the Large Energy company category at the Climate Action Program CAP 2.0—organised by the Confederation of Indian Industry, a premier body of business and industry dealing in various Sustainability Development programs. : psuconnect.in

ndia and Bhutan packed MoUs related to Fuel Energy Vitals

New Delhi : The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, has given its approval for the signing of a Memorandum of Understanding between the Government of India and the Royal Government of Bhutan on the General Supply of Petroleum, Oil, Lubricants (POL) and related products from India to Bhutan. : psuconnect.in

BPCL hosts Compressed Biogas Workshop in Bhopal

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Bhopal : Bharat Petroleum Corporation Limited (BPCL), a leading Fortune 500 Maharatna Energy Conglomerate, in partnership with the Ministry of Petroleum & Natural Gas (MoP&NG), hosted a significant workshop aimed at propelling the adoption of Compressed Biogas (CBG) as a sustainable energy solution. : psuconnect.in

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On March 13

New Delhi : Petrol, Diesel Prices Today On March 13, 2024: The impact of softening oil and gas prices in the global market is also visible on the domestic retail market. : news18.com

Fragile five to 5th largest economy shows India’s growing might: Hardeep Singh Puri at Viksit Bharat event

New Delhi : Hardeep Singh Puri, the Minister of State (Independent charge) for Housing and Urban Affairs, attending the Viksit Bharat Ambassadors event in the city, credited Prime Minister Narendra Modi-led government for the country’s transformational shift from the fragile five to fifth-largest economy in the world. : Sarkaritel.com

Methane emissions hold steady at near-record 130 million tonnes in 2023, action needed: IEA

New Delhi : Methane emissions hold steady at near-record 130 million tonnes in 2023, action needed: IEA. : Economic Times

Most Aramco buyers in Asia get full April volumes but heavy crude supply trimmed

New Delhi : Most Aramco buyers in Asia get full April volumes but heavy crude supply trimmed. : Economic Times

Cabinet approves MoU with Bhutan for long-term POL supply, enhancing bilateral trade

New Delhi : Cabinet approves MoU with Bhutan for long-term POL supply, enhancing bilateral trade. : Economic Times

Private oil companies grab bigger share of aviation fuel market

New Delhi : Private players are grabbing a larger share of India’s growing aviation fuel business as they expand their supply networks and stitch more deals with airlines. : Economic Times

OPEC sticks to oil demand view, nudges up economic growth again

New Delhi : OPEC sticks to oil demand view, nudges up economic growth again. : Economic Times

Reliance Ethane Holding invests Rs 853 crore in subsidiaries

New Delhi : Reliance Ethane Holding Pte Ltd. (REHPL) a wholly owned subsidiary of oil-to-telecom conglomerate Reliance Industries has invested Rs 284 crore each in three of its subsidiaries–Ethane Coral LLC, Ethane Diamond LLC, and Ethane Jade LLC– aggregating to Rs 852.8 crore ($102.90 million). : Economic Times

Oil prices rise 2% after supply disruption as Ukraine attacks Russian refineries; Brent at $83/bbl

New Delhi : International crude oil prices rose two per cent on Wednesday, March 13, after Ukrainian attacks on Russian refineries threatened supply disruptions and a decline in US crude inventories supported prices. : Mint

Mahanagar Gas Limited’s Initiatives Pave Way For Cleaner And Sustainable Energy

New Delhi : Mahanagar Gas Limited (MGL), one of the largest City Gas Distribution companies in India, organised two key events recently to advance its commitment to sustainable energy solutions through the use of natural gas, for domestic and automotive use. : indianpsu.com

BPCL signs initial pact to set up Compressed Bio Gas plants in Bhilai

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New Delhi : An MoU was signed on Wednesday between BPCL, Chhattisgarh Biofuel Development Authority and municipal corporations of Raipur and Bhilai for the production of Compressed Bio Gas (CBG) in Chhattisgarh, officials said. : psuwatch.com

BPCL to Pioneer Compressed Bio Gas Production in Chhattisgarh

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Mumbai : Bharat Petroleum Corporation Limited (BPCL), a leading Fortune 500 Maharatna Energy Conglomerate, is proud to announce a significant milestone in its commitment to sustainable energy solutions. : psuconnect.in

BPCL with MoPNG organised workshop on advancing adoption of CBG as a sustainable energy solution

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New Delhi : BPCL collaborated with MoPNG to organize an insightful workshop on advancing the adoption of Compressed Biogas (CBG) as a sustainable energy solution. : psuconnect.in

GAIL Issues Tender For Solar Plants Across Locations In India

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New Delhi : GAIL Issues Tender For Solar Plants Across Locations In India. : saurenergy.com

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