03-May-2024

Power

Coal India Q4 Results: Net profit rises 26% to ?8,640.5 crore, revenue down 2%; dividend declared

New Delhi : Coal India Q4 Results: Coal India (CIL) announced its January-March quarter results for fiscal 2023-24 (FY24) on Thursday, May 2, reporting a rise of 26 per cent to ?8,640.5 crore, compared to ?6,869.5 crore in the corresponding period last year. : Mint

India’s coal output rises 7.4 per cent to 73.26 million tonnes in April

New Delhi : India’s coal production increased by 7.4 per cent in April to 78.69 million tonnes compared to the corresponding figure of 73.26 million tonnes for the same month last year, the Ministry of Coal said on Thursday. : Sarkaritel.com

Renewable energy accounted for 71% of India’s power generation capacity addition in FY24: CEEW-CEF

New Delhi : Renewable energy (RE) sources contributed to 71 per cent of the ~26GW of power generation capacity that India added in FY 2023-2024, according to the latest edition of the CEEW Centre for Energy Finance (CEEW-CEF) Market Handbook released today. : Sarkaritel.com

Avaada Energy secures Rs 1,190 crore loan from SBI for solar project

New Delhi : Avaada Energy secures Rs 1,190 crore loan from SBI for solar project. : Economic Times

IEX reports 14.1% increase in April volume, REC prices drop to record low

New Delhi : IEX reports 14.1% increase in April volume, REC prices drop to record low. : Economic Times

Wind energy giant Vestas swings to loss, sees geopolitical headwinds

New Delhi : Wind energy giant Vestas swings to loss, sees geopolitical headwinds. : Economic Times

Power consumption rises 11 pc to 144.25 billion units in April

New Delhi : Power consumption rises 11 pc to 144.25 billion units in April. : Economic Times

Vikram Solar secures 250 MW order from Gujarat Industries Power Company Limited

New Delhi : Vikram Solar secures 250 MW order from Gujarat Industries Power Company Limited. : Economic Times

Blaze in NTPC’s superthermal power plant in Jharkhand: NGT issues notice

New Delhi : The National Green Tribunal has sought a response from the authorities, including the administrative head of NTPC’s North Karanpura superthermal power plant in Jharkhand’s Chatra district, regarding the massive fire that engulfed a unit last month. : Economic Times

Adani Group eyes 5 GW Electrolyzer capacity with up to $3 bn Investment

New Delhi : Adani Group eyes 5 GW Electrolyzer capacity with up to $3 bn Investment. : Mint

Adani Green Energy bags $400 mn finance from int’l banks for solar project

New Delhi : Adani Green Energy Ltd (AGEL) on Thursday said it has secured USD 400 million finance from a consortium of five international banks for its under construction solar projects of 750 MW in Gujarat and Rajasthan. : Business Standard

Energy storage systems crucial to up RE share in power generation: ICRA

New Delhi : Energy storage systems are critical to increase the share of power generated through renewable energy sources, according to Icra. : Business Standard

New water circulation tech promises lower PERC solar cell manufacturing costs

New Delhi : Researchers from Germany’s Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE) developed models to assess and compare two circular water strategies in a 5 GW passivated emitter and rear (PERC) solar cell factory. : pv-magazine.com

Sushil Sharma gets additional charge as SJVN CMD

New Delhi : Sushil Sharma has been given the additional charge as Chairman & Managing Director (CMD) of SJVN Limited on Thursday. Presently, he is serving as Director (Projects) in the organisation. : psuwatch.com

Gautam Solar Partners With Redington To Expand Its Solar Module footprint

New Delhi : Gautam Solar Partners With Redington To Expand Its Solar Module footprint. : saurenergy.com

CERC Declines Relief To Adani Firm Over Delayed Karnataka Wind Project

New Delhi : CERC Declines Relief To Adani Firm Over Delayed Karnataka Wind Project. : saurenergy.com

GIPCL Seeks Bids For 500 MW Solar Project In Khavda, Gujarat

New Delhi : GIPCL Seeks Bids For 500 MW Solar Project In Khavda, Gujarat. : saurenergy.com

Adani Green secures $400 million from international banks for 750 MW solar projects

New Delhi : Adani Green Energy Ltd (AGEL) on Thursday secured $400 million from a consortium of five leading international banks for its under-construction 750 MW solar projects in Rajasthan and Gujarat. : Sarkaritel.com

Adani Power Q4 Results: Net profit slides 48% YoY to Rs 2,737 crore on increased expenses

New Delhi : Adani Power Q4 Results: Net profit slides 48% YoY to Rs 2,737 crore on increased expenses. : Economic Times

Energy storage systems crucial for India’s renewable expansion: Report

New Delhi : Energy storage systems crucial for India’s renewable expansion: Report. : Economic Times

India’s coal production rises 7.41% in April, dispatches up 6.07%

New Delhi : India’s coal production rises 7.41% in April, dispatches up 6.07%. : Economic Times

Renewable energy accounts for 71% of India’s power capacity additions in FY24: Report

New Delhi : Renewable energy accounts for 71% of India’s power capacity additions in FY24: Report. : Economic Times

Adani Energy Solutions arm to acquire 100 pc stake in Pointleap Projects

New Delhi : Adani Electricity Mumbai Ltd on Thursday signed an agreement to acquire 100 per cent stake in Pointleap Projects Pvt Ltd (PPPL) for a consideration of Rs 13.15 crore. Adani Electricity Mumbai Limited (AEML) is a subsidiary of Adani Energy Solutions Ltd (AESL). : Economic Times

Power Prices on Exchange rise as soaring temperatures lift demand

New Delhi : Power Prices on Exchange rise as soaring temperatures lift demand : Mint

Adani Energy Solutions arm to acquire 100% stake in Pointleap Projects

Gujarat Toolroom buys 65 acre land for Rs 570 crore hybrid energy project

New Delhi : Gujarat Toolroom on Thursday said it has acquired a 65-acre land parcel in Gujarat to set up a green energy project at an investment of Rs 572 crore. : Business Standard

India installed 15 GW of solar capacity in FY 2024: CEEW-CEF

New Delhi : India added 18.5 GW of renewable energy (RE) generation capacity in the fiscal year ending March 31, 2024. Solar (grid-scale and rooftop) continued to dominate annual RE capacity addition, accounting for 81% of the RE addition (15 GW) in FY 2024. : pv-magazine.com

SunSource Energy commissions solar power project for CtrlS

New Delhi : SunSource Energy, a distributed solar energy company, has announced the commissioning of a solar power project for CtrlS, Asia’s largest rated 4 hyperscale Data Centre operator. : pv-magazine.com

Avaada Energy secures $143 million SBI loan for solar project in Gujarat

New Delhi : Avaada Energy, the renewable energy arm of Avaada Group, announced this week that it has secured green financing of about INR 1,190 crore ($143 million) from India’s largest public sector lender, the State Bank of India (SBI). It raised the financing from SBI as a 20-year project loan facility at competitive terms. : pv-magazine.com

Vikram Solar gets 250 MW module supply order from GIPCL

New Delhi : Vikram Solar on Thursday announced securing a 250 MW solar module supply order from Gujarat Industries Power Company Ltd (GIPCL). : psuwatch.com

SJVN Invites Bids For 1200 MW Solar Power Projects Across India

New Delhi : SJVN Invites Bids For 1200 MW Solar Power Projects Across India. : saurenergy.com

World’s First Wooden Wind Turbine Blades Installed In Germany

New Delhi : World’s First Wooden Wind Turbine Blades Installed In Germany. : saurenergy.com

Vikram Solar wins 250 MW module supply order from GIPCL

New Delhi : Vikram Solar announced this week that it has won a 250 MW solar module supply order from Gujarat Industries Power Co. Ltd (GIPCL). The company has received the Letter of Intent (LoI) for the module supply. : pv-magazine.com

Adani Green secures $400 million finance from international banks

Oil and Gas

Indian Oil resumes buying Russian crude oil delivered on Sovcomflot ships

New Delhi : Indian Oil Corp. resumed buying Russian crude oil delivered on a tanker owned by Sovcomflot PJSC this week, paving the way for a restoration of oil flows between Russia and India, after tightened US penalties had disrupted shipments. : Business Standard

Reliance Industries starts trading US oil setting Brent benchmark

New Delhi : India’s Reliance has made its first foray into trading a type of U.S. crude oil that underpins the global Brent benchmark in a process run by oil-index publisher S&P Global Commodity Insights, the publisher said. : Business Standard

Govt sets May domestic gas price at $8.90/mmbtu, with ONGC/OIL ceiling at $6.50/ ..

New Delhi : Govt sets May domestic gas price at $8.90/mmbtu, with ONGC/OIL ceiling at $6.50/ … : Economic Times

Shell logs sliding profits as revenues sink

New Delhi : Shell logs sliding profits as revenues sink. : Economic Times

Opinion: Asia’s crude oil imports slip in April, trail OPEC forecasts

New Delhi : Opinion: Asia’s crude oil imports slip in April, trail OPEC forecasts. : Economic Times

Share of Russian crude in India’s imports rises to nearly 40% in April

New Delhi : Russia increased its share in Indian crude oil imports to nearly 40% in April from 30% in March, closing in on its all-time peak of 42% last July, as higher global oil prices pushed Indian refiners to increase intake of discounted Russian barrels to reduce their average crude purchase cost. : Economic Times

Shell beats expectations with $7.7 bn profit in Q1 on strong oil trading

New Delhi : Shell reported first-quarter profit of $7.7 billion on Thursday, sharply beating expectations after disruptions in the Red Sea and Russia lifted oil refining and trading. : Business Standard

Opec+ producers could extend oil cuts, formal talks yet to start: Report

New Delhi : Opec and its allies have yet to begin formal talks on extending voluntary oil output cuts of 2.2 million barrels per day beyond June, but three sources from Opec+ producers said they could keep their cuts if demand fails to pick up. : Business Standard

India’s natural gas production increases by 6.2% in March 2024

New Delhi : India’s natural gas production increases by 6.2% in March 2024. : Economic Times

French govt to ‘fight’ TotalEnergies New York listing

New Delhi : French govt to ‘fight’ TotalEnergies New York listing. : Economic Times

Tripura government imposes restriction on sale of petrol, diesel

New Delhi : Tripura government imposes restriction on sale of petrol, diesel. : Economic Times

OPEC+ could extend oil cuts, formal talks yet to start, sources say

New Delhi : OPEC+ could extend oil cuts, formal talks yet to start, sources say. : Economic Times

Petrol sales up 12.3 pc; diesel slides 2.3 pc in Apr

New Delhi : Petrol sales up 12.3 pc; diesel slides 2.3 pc in Apr. : Economic Times

Tripura government imposes restrictions on sale of petrol and diesel

New Delhi : A massive landslide in Assam’s Jatinga region has disrupted the goods train movement to Tripura, leading to the fuel shortage. Passenger train movement started on April 26 after restoration work. However, train service through Jatinga still remains closed during the night. : Business Standard

Government cuts windfall tax on crude petroleum

New Delhi : The government has reduced the windfall tax on domestically produced crude oil from ?9,600 per tonne to ?8,400 per tonne, effective from May 1. : psuconnect.in

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On May 2

New Delhi : Petrol and Diesel Prices On May 2, 2024: On May 2, government oil companies have released new petrol and diesel prices across the country. Fuel prices are announced every day at 6 am. According to this, petrol and diesel prices have increased in some states today. While in some states petrol and diesel have also become cheaper. : news18.com