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MEDIA UPDATE (March 18, 2024)

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18-Mar-2024

Power

REC, BHEL forge alliance to drive utility-scale renewable projects in India

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New Delhi : REC, BHEL forge alliance to drive utility-scale renewable projects in India. : Economic Times

BEE’s new solar inverter program to save 21.1 billion kWh, cut 15.1 million tonne of CO2 by 2034

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New Delhi : BEE’s new solar inverter program to save 21.1 billion kWh, cut 15.1 million tonne of CO2 by 2034. : Economic Times

IREDA CMD shares IPO success story at IIFCL strategy meet

New Delhi : Indian Renewable Energy Development Agency Limited’s (IREDA) Chairman & Managing Director (CMD) Pradip Kumar Das shared invaluable insights at the corporate strategy meet of India Infrastructure Finance Company Ltd (IIFCL) in Gurugram on Saturday. : psuwatch.com

Standards and Labeling Program for Grid Connected Solar Inverter Launched

New Delhi : The Bureau of Energy Efficiency under the Ministry of Power, Government of India has come out with one more Standards and Labeling Program, which aims to help consumers make informed choices considering the cost-effectiveness and energy performance of various energy-consuming appliances, thus enabling them to save energy, reduce electricity consumption and also contribute to a greener planet. : psuconnect.in

NTPC’s 1.5 GW Wind-Solar Hybrid Auction Results

New Delhi : NTPC’s 1.5 GW Wind-Solar Hybrid Auction Results. : mercomindia.com

CERC Approves Tariff for SECI’s 1,200 MW Wind Power Projects

New Delhi : CERC Approves Tariff for SECI’s 1,200 MW Wind Power Projects. : mercomindia.com

SJVN, MEIL, Avaada Among Winners in Maharashtra’s 7.78 GW Solar KUSUM Tender

New Delhi : SJVN, MEIL, Avaada Among Winners in Maharashtra’s 7.78 GW Solar KUSUM Tender. : mercomindia.com

Maharashtra’s 7.78 GW Solar KUSUM Auction Reuslts

New Delhi : Maharashtra’s 7.78 GW Solar KUSUM Auction Reuslts. : mercomindia.com

Ellume Receives Letter of Award for 100 MW Solar Projects in Maharashtra

New Delhi : Ellume Receives Letter of Award for 100 MW Solar Projects in Maharashtra. : mercomindia.com

GUVNL Issues Tender to Procure 500 MW Solar Power From Projects Across India

New Delhi : GUVNL Issues Tender to Procure 500 MW Solar Power From Projects Across India. : mercomindia.com

Adani Group to invest Rs 1.2 lakh crore in FY25 in next phase of growth

New Delhi : In a bid to set the stage for the next phase of exponential growth, the Adani Group is aiming to invest about $14 billion (nearly Rs 1.2 lakh crore) across its portfolio of companies in the next fiscal year (FY25). : Sarkaritel.com

SJVN Green Energy to build 200 MW solar project in Gujarat with GUVNL

New Delhi : SJVN Green Energy to build 200 MW solar project in Gujarat with GUVNL. : Economic Times

‘Coal stocks to rise even in summers, inventory may hit 155mt by FY24-end’

New Delhi : Coal stocks across power plants in the country will be enough to meet the anticipated surge in power demand in the upcoming summer, according to Amrit Lal Meena, secretary, union ministry of coal. : Mint

HP Electricity Regulatory Commission releasers tariff order for 2024-25

New Delhi : Power tariff for almost all categories has been increased by approximately Rs 1 per unit but there would be no additional burden on subsidised domestic consumers, an order issued by the Himachal Pradesh Electricity Regulatory Commission (HPERC) on Friday said. : psuwatch.com

Adani Electricity Mumbai Retains Top Sport in DISCOM Rankings for FY 2023

New Delhi : Adani Electricity Mumbai Retains Top Sport in DISCOM Rankings for FY 2023. : mercomindia.com

Maharashtra Invites Bids for 5 GW of Power From Grid-Connected solar Projects

New Delhi : Maharashtra Invites Bids for 5 GW of Power From Grid-Connected solar Projects. : mercomindia.com

SECI Releases Rs. 1.73 Billion Subsidy Under Solar Park Program in January 2024

New Delhi : SECI Releases Rs. 1.73 Billion Subsidy Under Solar Park Program in January 2024. : mercomindia.com

Maharashtra DISCOM Floats Tender for 502 MW Solar Projects

New Delhi : Maharashtra DISCOM Floats Tender for 502 MW Solar Projects. : mercomindia.com

Maharashtra Invites Bids for Supply of 750 MW Solar Modules

New Delhi : Maharashtra Invites Bids for Supply of 750 MW Solar Modules. : mercomindia.com

With 10 big solar projects, Bundelkhand on way to become new ‘power house’ of UP

Lucknow : The Bundelkhand region, once seen as one of the most arid and backward areas, is taking rapid strides in development. With the ground-breaking ceremony of projects worth more than Rs 10 lakh crore recently, the entire region is set to become the new energy hub of Uttar Pradesh. : Sarkaritel.com


Oil and Gas

‘ETHANOL 100’ hits the road at 183 Indian Oil stations in five states

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New Delhi : ‘ETHANOL 100’ hits the road at 183 Indian Oil stations in five states. : Economic Times

HPCL-CSR: Breaking Barriers – A Triumph of Resilience

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New Delhi : Embarking on a new academic year journey in July 2022, a dynamic trio graced HPCL-ADAPT Centre at Bandra in Mumbai – Ankit, a spirited 7½ years old boy, accompanied by his ever-supportive mother and a lively young brother. : psuconnect.in

No delay over IOC-Mercator petroleum deal: DIPAM

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New Delhi : The Department of Investment and Public Asset Management (DIPAM) has clarified that its approval was not sought for Indian Oil Corp’s acquisition of Mercator Petroleum Ltd through the insolvency process and that there was no delay on its part that affected closing of the transaction. : Economic Times

‘Petrol, diesel prices cut not to impact IOCL’s bottom line’

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New Delhi : A day after announcing a reduction in petrol and diesel by Rs 2, the Indian Oil Corporation (IOC) said these cuts are not going to significantly affect the company’s bottom line. : New Indian Express

Govt hikes windfall tax on petroleum crude to Rs 4,900 a tonne from March 16

New Delhi : Govt hikes windfall tax on petroleum crude to Rs 4,900 a tonne from March 16. : Economic Times

MSRTC launches India’s first LNG-powered bus

New Delhi : MSRTC launches India’s first LNG-powered bus. : Economic Times

Small cut in fuel price a big hit to OMC revenue: Analysts

New Delhi : The price cut of Rs 2 per litre for petrol and diesel by the state-run oil marketing companies (OMCs)–Indian Oil Corp. (IOCL), Hindustan Petroleum Corp. (HPCL) and Bharat Petroleum Corp. (BPCL)–will erode their revenue and ebitda, according to analysts. : Economic Times

Petrol costliest in Andhra Pradesh & Kerala; BJP-ruled MP, Bihar close behind

New Delhi : Petrol and diesel prices are the costliest in the country in Andhra Pradesh, Telangana and Kerala while it is cheapest in smaller states and UTs like Andaman & Nicobar Islands, Delhi and those in the North East, mainly due to differential in local sales tax or VAT rates, oil industry data showed. : Economic Times

Petrol, diesel prices in Lakshadweep cut by Rs 15.3

New Delhi : Petrol prices have been cut by Rs 15.3/litre in Andrott and Kalpeni islands, while diesel prices seen a Rs 5.2/litre dip in Kavaratti and minicoy islands. : republicworld.com

Oil minister praises OMCs for fuel price cut, says further revisions to depend on market condition

New Delhi : Oil minister praises OMCs for fuel price cut, says further revisions to depend on market condition. : Economic Times

Govt’s green initiative: CBG to be injected into city gas distribution system

New Delhi : Govt’s green initiative: CBG to be injected into city gas distribution system. : Economic Times

Kerosene consumption falls sharply by 26 % CAGR during FY14-23, according to government data

New Delhi : Kerosene consumption in the country has declined sharply by 26 per cent CAGR between 2013-14 and 2022-23, mainly due to government policies to promote clean energy. : Economic Times

Foreign investment dwindles as India struggles to boost oil production

New Delhi : A supercharged economy, growing at 8 per cent, is fuelling India’s thirst for more oil, but domestic production has been declining. : Business Standard

Uttar Pradesh Targets 1 Million Metric Tons of Green Hydrogen a Year by 2028

New Delhi : Uttar Pradesh Targets 1 Million Metric Tons of Green Hydrogen a Year by 2028. : mercomindia.com

PMUY made India smoke-free

New Delhi : Pradhan Mantri Ujjwala Yojana (PMUY) is one of the best programmes and the scheme has contributed towards making India smoke-free, said HR Uma, professor, department of economics at Sir MV PG Centre, Mandya. : Times of India

Adani Group to invest Rs 1.2 lakh crore in FY25 in next phase of growth

New Delhi : In a bid to set the stage for the next phase of exponential growth, the Adani Group is aiming to invest about $14 billion (nearly Rs 1.2 lakh crore) across its portfolio of companies in the next fiscal year (FY25). : Sarkaritel.com

City-gas distribution entities lag on minimum work programme: PNGRB

New Delhi : Only 12 million cooking gas connections have been extended by city-gas distribution (CGD) entities so far, which is half of their total prorated commitments of 22 million connections, the Petroleum and Natural Gas Regulatory Board (PNGRB) has said. : Business Standard

India’s oil imports to be disrupted as US-Venezuela tensions escalate

New Delhi : Indian imports of cheap Venezuelan oil, the country’s fifth-biggest crude supplier in 2019, may face disruptions from April as the US and the South American country are embroiled in a dispute over renewing a six-month permission for crude exports. : Business Standard

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