22-Apr-2024
Power
NTPC Green Energy Limited Inks MoU with Indus Towers Limited
Mumbai : NTPC Green Energy Limited (NGEL) and Indus Towers Limited (ITL) today signed a Memorandum of Understanding (MoU), to address the need for pacing green energy objectives and the GoI’s efforts towards carbon neutral economy. : psuconnect.in
Fire breaks out at BHEL yard at NTPC power plant in Jharkhand
New Delhi : Fire breaks out at BHEL yard at NTPC power plant in Jharkhand. : Economic Times
Inox Wind bags repeat order for 210 MW wind project from Hero Future Energies
New Delhi : Inox Wind bags repeat order for 210 MW wind project from Hero Future Energies. : Economic Times
JSW Energy arm bags 700 MW solar project from NTPC; capacity up at 13.3 GW
New Delhi : JSW Energy on Saturday said that its arm JSW Neo Energy has received a letter of award from NTPC for setting up a 700 MW solar project. : Business Standard
Karnataka government focusing on harnessing more solar power : K.J. George
New Delhi : Karnataka government focusing on harnessing more solar power : K.J. George : Sarkaritel.com
IREDA Reports All-Time High Annual Net Profit, NPAs below 1%
New Delhi : Indian Renewable Energy Development Agency Ltd. (IREDA), the nation’s largest pure-play green financing NBFC, has achieved an all-time high annual Profit After Tax (PAT) of Rs. 1252.23 crores, marking an impressive growth of 44.83% over the previous fiscal year 2022-23. The company has successfully reduced its Net Non-Performing Assets (NPAs) to 0.99% in FY 2023-24, from 1.66% in FY 2022-23, demonstrating a significant reduction of 40.52% year-on-year. : theindianawaaz.com
Union Minister RK Singh Inaugurates India Energy Summit 2023
New Delhi : Union Power and New & Renewable Energy Minister R K Singh said India will achieve its 500 GW renewable energy target before the 2030 deadline. After inaugurating the ‘India Energy Summit 2023′ in New Delhi on Monday, he said climate change is a threat to the world. He stressed that India is committed to leaving behind a healthy and safe planet for the next generation. : newsonair.com
NTPC Green Energy Signs Mou With Indus Towers To Advance Green Energy Objectives
New Delhi : State-run power giant NTPC Ltd on Friday (April 19) said its fully owned subsidiary NTPC GreenEnergy Ltd (NGEL) and Indus Towers Ltd (ITL) have signed a memorandum of understanding (MoU), to address the need for pacing green energy objectives. : khabarindia.in
JSW Energy arm bags 700 MW solar project from NTPC
New Delhi : JSW Energy on Saturday said that its arm JSW Neo Energy has received a letter of award from NTPC for setting up a 700 MW solar project. : psuwatch.com
PM Modi to dedicate NTPC’s 300 MW Nokhra Solar project to nation on Friday
New Delhi : Prime Minister Narendra Modi will dedicate NTPC’s 300 megawatt (MW) Nokhra Solar Project to the nation on Friday, an official statement said. : Sarkaritel.com
SJVN Green Energy Invites BIds to Source Land for 200 MW Solar Projects in Assam
New Delhi : SJVN Green Energy Invites BIds to Source Land for 200 MW Solar Projects in Assam. : mercomindia.com
India calls for balancing energy stability amidst oil volatility
New Delhi : India has emphasised the importance of balancing market stability, affordability, with pragmatism and its commitment to support efforts to achieve balance in global energy markets amidst recent trends and volatility in global oil markets. Minister of Petroleum and Natural Gas Hardeep Singh Puri emphasized the importance of balancing market stability, affordability, with pragmatism during a telephonic conversation with OPEC Secretary General.Haitham Al-Ghais on 19 April, 2024. : Sarkaritel.com
Surging peak demand: As temperature soars, efforts underway to bring in idle capacity
New Delhi : In anticipation of a hot summer, which is set to push peak demand to a record 260 GW, the Ministry of Power instructed fifteen imported coal-based and all gas-based thermal plants to be operational during the coming months to avoid power outages. : Indian Express
Avaada Group completes ?4,471 crore refinancing for renewable projects in Rajasthan
New Delhi : Avaada Group completes ?4,471 crore refinancing for renewable projects in Rajasthan. : Economic Times
THDC India aims to make Rs 12,000-crore coal-based thermal power project operational by September
New Delhi : State-owned THDC India Ltd aims to make its coal-based power plant operational by September 2024, marking an entry into the domestic thermal energy sector, a top company official said. : Economic Times
New RE park scheme may provide subsidies for floating solar projects
New Delhi : Floating solar projects—panels installed on water bodies such as lakes, reservoirs and ponds—may get a boost as the government is looking to bring them under a new renewable energy (RE) park scheme and give them subsidies, two people aware of the development said. : Mint
THDC India aims to make Rs 12 000-cr coal-based thermal power project operational by September
New Delhi : State-owned THDC India Ltd aims to make its coal-based power plant operational by September 2024, marking an entry into the domestic thermal energy sector, a top company official said. THDC India Ltd (THDCIL) is setting up a 1,320 megawatt (2X660 MW) Super Thermal Power Project (STPP) at Bulandshahr district in Uttar Pradesh (UP), the official said in reply to a query about the company’s plans of setting up coal-based capacities. : theweek.in
Sterling & Wilson Renewable Energy reports Rs 1.40 crore net profit in Q4
New Delhi : Sterling & Wilson Renewable Energy Limited (SWREL) has posted a net profit of Rs 1.40 crore during the quarter ended March 2024 on account of increased income. : Business Standard
Karnataka is managing power situation despite drought
New Delhi : Karnataka Energy Minister KJ George said that the state government has been managing the power situation well, despite the drought in the state. Speaking to reporters here on Friday, KJ George said : New Indian Express
IREDA REPORTS ALL-TIME HIGH ANNUAL NET PROFIT, NPAS BELOW 1%, SETS BENCHMARK WITH FASTEST RESULTS IN BANKING-NBFC SPACE
New Delhi : Indian Renewable Energy Development Agency Ltd. (IREDA), the nation’s largest pure-play green financing NBFC, has achieved an all-time high annual Profit After Tax (PAT) of Rs. 1252.23 crores, marking an impressive growth of 44.83% over the previous fiscal year 2022-23. : globalgreenews.com
Massive Fire at NTPC North Karnapura Causes Huge Losses
New Delhi : A massive fire erupted in the BHEL Company’s storage yard at the NTPC North Karnapura Power Project, causing substantial financial losses estimated in the crores. : Sarkaritel.com
JSW Energy arm bags 700 MW solar project from NTPC; capacity up at 13.3 GW
New Delhi : JSW Energy on Saturday said that its arm JSW Neo Energy has received a letter of award from NTPC for setting up a 700 MW solar project. With the latest project win, JSW Energy’s total locked-in generation capacity has increased to 13.3 GW of which 3.1 GW is solar power, a BSE filing said. : Business Standard
RECPDCL Invites Bids for 223 ISTS-Connected Solar Projects
New Delhi : RECPDCL Invites Bids for 223 ISTS-Connected Solar Projects. : mercomindia.com
LNG import volume up 17.5% in FY24 as consumption rises
New Delhi : India’s import of liquefied natural gas (LNG) rose in volume term by 17.5% on year to 30,917 mmscm (million standard cubic meter) in the financial year 2023-24 due to increased consumption, data from the Petroleum Planning and Analysis Cell showed. : Financial Express
India may need $500 billion capex in power transmission by FY50
New Delhi : Goldman said Power Grid Corporation of India (PGCIL) stands to be the largest beneficiary of its over $500 billion grid total addressable market (TAM) estimate between FY24-50 — one-third of India’s overall energy transition TAM, based on its estimates. : Financial Express
Oil and Gas
Hindustan Petroleum to set up a global oil trading desk
New Delhi : Hindustan Petroleum to set up a global oil trading desk. : Economic Times
Hardeep Puri holds talks with OPEC Secy-General; discusses volatility in global oil markets
New Delhi : Hardeep Puri holds talks with OPEC Secy-General; discusses volatility in global oil markets. : Economic Times
A caution for India as Iran’s one action can shoot up oil and LNG prices
New Delhi : Oil and LNG prices are expected to increase significantly if Iran decides to block the Strait of Hormuz, through which countries such as India import crude oil from Saudi Arabia, Iraq and UAE, resulting in a surge in inflation, analysts said on the Iran-Israel conflict. : Economic Times
Cyber espionage strikes India’s defence and energy sectors
New Delhi : Data amounting to 8.81 GB was exfiltrated by the hackers from Indian computer systems, according to analysts with EclecticIQ. Last year, Government of India announced its decision to buy additional Sukhoi fighter jets to augment its Air Force capabilities in wake of the volatility along its northeastern borders. This announcement started a malevolent chain reaction that was initiated by entities that are yet not identified, in which, among other things, Indian Air Force officials were deceived by hackers which led to compromise and stealing of critical data. : sundayguardianlive.com
Oil, LNG prices to shoot up if Iran blocks Strait of Hormuz amid conflict
New Delhi : Oil and LNG prices are likely to shoot up if Iran is to block Strait of Hormuz, through which countries like India import crude oil from Saudi Arabia, Iraq and UAE, leading to a spike in inflation, analysts said on the Iran-Israel conflict. : Business Standard
A caution for India as Iran’s one action can shoot up oil and LNG prices
New Delhi : A caution for India as Iran’s one action can shoot up oil and LNG prices : Economic Times
Russia emerges as India’s top oil supplier amid decreasing OPEC market share
New Delhi : According to ship tracking data from industry sources, Russia has maintained its position as the largest oil supplier to India for the fiscal year 2023-2024, marking the second consecutive year of this achievement. During this period, the market share of producing countries in the Middle East and the Organization of the Petroleum Exporting Countries (OPEC) has declined to unprecedented lows. India’s dependence on Russian oil has grown significantly, with the country emerging as the top supplier to the world’s third-largest oil importer. : menafn.com
Israel-Iran tensions threaten to send oil, LNG prices soaring, experts warn of volatility in Indian markets
New Delhi : The ongoing conflict between Iran and Israel has intensified in recent days and is threatening to disrupt the crucial oil and liquified natural gas (LNG) imports to India through the Strait of Hormuz. Iran has threatened to block the vital passage of sea, which can create oil/LNG supply bottlenecks for countries like India which import crude oil from Saudi Arabia, Iraq, and the UAE. The experts have warned that the development in the region may trigger volatility in Indian markets. : Mint
ONGC dividend stuck as sanctions re-imposed on Venezuelan crude oil
New Delhi : The re-imposition of sanctions on Venezuelan crude oil by the US has disrupted ONGC Videsh Limited (OVL), the overseas arm of India’s state-owned Oil and Natural Gas Corporation (ONGC), plan to retrieve its dividend worth $600 million stuck in Venezuela. : New Indian Express
CM Himanta Biswa Sarma Flags Off First Methanol Consignment To Bangladesh From Assam Petrochemicals Plant
New Delhi : Assam Chief Minister Himanta Biswa Sarma on 1st July 2023, Saturday flagged off the first methanol consignment to Bangladesh from Assam Petrochemicals Plant at Namrup. : newsonair.com
Govt outlay of Rs 200 cr for green hydrogen hubs insufficient: Experts
New Delhi : Govt outlay of Rs 200 cr for green hydrogen hubs insufficient: Experts. : Economic Times
PetroChina lifts first spot LNG cargo from PNG national oil firm
New Delhi : PetroChina lifts first spot LNG cargo from PNG national oil firm. : Economic Times
How can India accelerate the adoption of green hydrogen?
New Delhi : Green hydrogen, also known as renewable hydrogen, is produced through electrolysis, where water is split into hydrogen and oxygen using electricity generated from renewable sources such as solar photovoltaic (PV) and wind turbines. : Financial Express
Free safety checking of LPG domestic gas connections being done across country
New Delhi : A nationwide campaign has been launched to conduct basic safety checks for LPG domestic gas connections free of charge by the government oil companies and their distributors. : Sarkaritel.com
LNG import volume up 17.5% in FY24 as consumption rises
New Delhi : While the fertilizer sector contributed to 32% of the total consumption, CGD entities accounted for 19% of the total natural gas consumption, followed by the power sector at 12%. : Financial Express
Fire at BPCL Paradip, none injured
New Delhi : A fire at the Paradip terminal, of the Bharat Petroleum Corporation Limited (BPCL), on Saturday resulted in the complete destruction of one oil tanker, while two others sustained partial damage. The timely intervention of the Paradip and Kujang fire brigades, along with vigilant drivers, prevented the spread of the fire to other areas of the terminal site, averting a major disaster. : New Indian Express
China will stop Iran from causing a global oil spike
New Delhi : China will stop Iran from causing a global oil spike : telegraph.co.uk
Oil falls on demand fears and doubts over Opec+ cuts
New Delhi : Oil prices extended declines on Monday, pressured by investor scepticism over the latest Opec+ decision on supply cuts and uncertainty surrounding global fuel demand, though the risk of supply disruptions from the Middle East conflict limited losses. : Sarkaritel.com
Govt of Nagaland to resume oil exploration in state
New Delhi : The 30th State Geological Programming Board (SGPB) meeting was held Thursday, August 5 in Dimapur. It took place at the conference hall of the directorate geology & mining. : morungexpress.com
Decommissioning Of Oil Platforms Requires Adherence To Technical Standards
New Delhi : Petrobras plans to deactivate around 50 oil platforms by the year 2029. This process takes place when the useful life of these structures comes to an end and the procedure needs to be carried out with a lot of planning and observation of technical standards to avoid possible environmental disruptions. : Sarkaritel.com
