07-May-2024
Power
REC gets RBI nod to set up subsidiary in Gujarat’s GIFT City
New Delhi : REC gets RBI nod to set up subsidiary in Gujarat’s GIFT City. : Economic Times
Shapoorji Pallonji Group seeks $1.2 billion loan from Power Finance Corp
New Delhi : Shapoorji Pallonji (SP) Group has initiated discussions with Power Finance Corporation (PFC) to secure up to $1.2 billion for refinancing a portion of the Rs 20,000 crore debt set to mature in the final week of May, Moneycontrol reported, citing sources. : Business Standard
NLCIL to declare Final Dividend, and Q4 results on May 15
New Delhi : NLCIL today in its BSE filing informed that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, the 15th May 2024, to consider and approve, inter-alia, the Audited Financial Results (Standalone and Consolidated) for the Quarter and year ended 31st March, 2024 and to consider the declaration of Final Dividend, if any, for the Financial Year 2023-24. : psuconnect.in
NTPC Mouda Organises Workshop On Power Markets : Present & Future
New Delhi : Elaborating and focusing extensively on the present and future scenario of the power industry, NTPC Mouda organized an insightful workshop on Power Markets on Saturday. The workshop saw the esteemed presence of Shri Sudhansu Sekhar Barpanda, Director (Market Operations) Grid India, Shri V. Balaji, ED WRLDC, Shri Akhilesh Awasthy, Partner Lantau Group, Shri K.M.K Prusty, Head of Project, NTPC Mouda and all GMs of NTPC Mouda. : indianpsu.com
Coal India’s contribution to govt exchequer rises 6.4% to Rs 60,140 cr in FY24
New Delhi : Coal India’s contribution to govt exchequer rises 6.4% to Rs 60,140 cr in FY24. : Economic Times
Thermal power plants have 68% of normative coal stocks: Government Data
New Delhi : Thermal power plants have 68% of normative coal stocks: Government Data. : Economic Times
India’s renewable bids hit 69GW in FY2024 despite market uncertainties: Report
New Delhi : India’s renewable bids hit 69GW in FY2024 despite market uncertainties: Report. : Economic Times
Clean energy technology investment tops $200 billion globally in 2023: IEA
New Delhi : Clean energy technology investment tops $200 billion globally in 2023: IEA. : Economic Times
Inox Wind Sales Rise 176.6% to Rs 527.73 Crore In Q4 FY24
New Delhi : Inox Wind Sales Rise 176.6% to Rs 527.73 Crore In Q4 FY24. : saurenergy.com
Uttarakhand Proposes Revised RPO Compliance Norms With Timelines
New Delhi : Uttarakhand Proposes Revised RPO Compliance Norms With Timelines. : saurenergy.com
KSK Mahanadi to NCLT: Change of circumstances calls for fresh bidding
New Delhi : KSK Mahanadi Power Company through its Resolution Professional’s (RP) counsel informed NCLT, Hyderabad, on Monday, that a change of circumstances warrants a fresh invitation of bids under the corporate insolvency resolution process (CIRP) for KSK Mahanadi Power, which was admitted into insolvency in October 2019. : Economic Times
Sterlite Power appoints Reshu Madan as CEO of GPS business
New Delhi : Sterlite Power appoints Reshu Madan as CEO of GPS business. : Economic Times
Rajasthan plans to go all out on solar, shun coal, to meet power demand
New Delhi : The Rajasthan government is looking to increase dependence on solar energy from the current 12-14 per cent to over 40 per cent of consumption by 2030 to bridge the power gap. : Business Standard
IREDA holds 16th Stakeholders’ Meet
New Delhi : Indian Renewable Energy Development Agency Limited (IREDA) recently held its 16th Stakeholders’ Interaction Meet at the India International Centre in New Delhi. : psuconnect.in
India Issued 69GW+ Renewable Tenders In FY24, Says IEEFA Report
New Delhi : India Issued 69GW+ Renewable Tenders In FY24, Says IEEFA Report. : saurenergy.com
CG Power and Industrial Solutions Q4 results: Profit dips 10% to Rs 234 cr
New Delhi : CG Power and Industrial Solutions on Monday reported 10 per cent dip in consolidated net profit to Rs 234 crore for March quarter FY24, mainly due to higher expenses. : Business Standard
India tendered ‘record’ 70 GW of renewables in FY 2024
New Delhi : Renewable energy tender issuances in India crossed a record 69 GW in FY 2024 on the back of a strong push by the central government, according to a new joint report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics. : pv-magazine.com
Renewable energy accounted for 71 per cent of India’s new power generation in FY 24
New Delhi : India has achieved a total installed energy capacity of 442 GW, out of which Renewable Energy (RE) accounts for about 33% or 144 GW, and hydroelectricity contributes 11% or 47 GW, according to a report by CEEW Centre for Energy Finance (CEEW-CEF). : psuconnect.in
Norms eased to draw in more suppliers for power equipment
New Delhi : India’s apex planning and advisory body for the power sector has eased a key condition for power equipment supplies for public sector projects, a move that is expected to let utilities to issue tenders allowing larger private vendor participation, people familiar with the development said. : Economic Times
SJVN signs agreement with Tata Power RE for 460 MW Renewable Energy Project
New Delhi : Tata Power Renewable Energy Limited (TPREL), a leading entity in India’s renewable energy landscape and a subsidiary of the Company, has signed a Power Purchase Agreement (PPA) with SJVN Limited (SJVN), an Indian Public Sector Undertaking (PSU), for a 460 MW Firm and Dispatchable Renewable Energy (FDRE) Project. : psuconnect.in
Oil and Gas
BPCL signs agreement with Noida International Airport
New Delhi : One of the leading oil and gas companies in India Bharat Petroleum Corporation Limited (BPCL) has entered into an agreement with Noida International Airport to lay a dedicated aviation turbine fuel (ATF) pipeline from BPCL’s Piyala Terminal to the greenfield airport tank farm. : psuconnect.in
GAIL Global USA and Kinder Morgan Operating LLC signed MOU
New Delhi : GAIL Global USA Inc (GGUI) and Kinder Morgan Operating LLC have signed a Memorandum of Understanding (MOU) recently. : psuconnect.in
Reliance renews bid for US licence to import Venezuelan oil: Report
New Delhi : Indian oil refiner Reliance Industries has resubmitted a request to the US for an authorisation to import crude oil from sanctioned Venezuela, three people close to the matter said, and resume oil trade between the OPEC producer and the once second-largest destination for its oil. : Business Standard
Mangalore Refinery & Petrochemicals falls 9% on weak Q4 results
New Delhi : Mangalore Refinery & Petrochemicals Limited (MRPL) shares dropped as much as 8.85 per cent to hit an intraday low of Rs 229.15 apiece on Monday The falls came after the company reported a weak set of quarter-ending March (Q4FY24) results. : Business Standard
Asian markets eye upturn in oil output post Angola’s OPEC exit: S&P Global
New Delhi : Asian markets eye upturn in oil output post Angola’s OPEC exit: S&P Global. : Economic Times
Cairn Oil and Gas appoints Rodney Smith as General Counsel
New Delhi : Cairn Oil and Gas appoints Rodney Smith as General Counsel. : Economic Times
Shell in talks to sell Malaysia fuel stations to Saudi Aramco, sources say
New Delhi : Shell in talks to sell Malaysia fuel stations to Saudi Aramco, sources say. : Economic Times
Oil rises on Saudi Arabia’s decision to hike prices, brent crude at $83.39/bbl
New Delhi : Oil futures saw an increase on Monday following Saudi Arabia’s decision to raise June crude prices for most regions. Additionally, concerns grew over the possibility of a ceasefire agreement in Gaza, leading to renewed fears of potential escalation in the oil-rich region due to the Israel-Hamas conflict. : Mint
Petrobras loads diesel from RIL on crude tanker in India after delay
New Delhi : Brazilian energy major Petrobras has loaded diesel from India on board a Suezmax crude oil tanker after a month-long delay, according to shiptracking data and trade sources, the first such shipment from India in more than a year amid volatile freight rates for clean product tankers. : Business Standard
Saudi Arabia’s budget deficit at $3.3 bn in Q1 of 2024 on lower oil revenue
New Delhi : Saudi Arabia posted a budget deficit of 12.4 billion riyals ($3.30 billion) in the first quarter of 2024, the finance ministry said on Sunday, amid higher spending and lower oil revenue, but considerably narrower from the previous quarter. : Business Standard
Understanding the Green Hydrogen landscape in India: Demand from industries, global collaborations are the key
New Delhi : Understanding the Green Hydrogen landscape in India: Demand from industries, global collaborations are the key. : Economic Times
Gautam Adani in talks with banks to borrow $600 million for gas unit
New Delhi : Gautam Adani in talks with banks to borrow $600 million for gas unit. : Economic Times
Big Oil finds more to love in deepwater exploration fields
New Delhi : Big Oil finds more to love in deepwater exploration fields. : Economic Times
Petrobras loads diesel from Reliance on crude tanker in India after delay
New Delhi : Petrobras loads diesel from Reliance on crude tanker in India after delay. : Economic Times
Tanzanian LNG project delayed as government seeks to change terms, sources say
New Delhi : Tanzanian LNG project delayed as government seeks to change terms, sources say. : Economic Times
Reliance renews bid for US license to import Venezuelan oil: Sources
New Delhi : Indian oil refiner Reliance Industries has resubmitted a request to the U.S. for an authorization to import crude oil from sanctioned Venezuela, three people close to the matter said, and resume oil trade between the OPEC producer and the once second-largest destination for its oil. : Economic Times
Oil nudges higher after Saudi Arabia hikes prices
New Delhi : Oil futures edged up on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil producing region. : Economic Times
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On May 6
New Delhi : etrol and Diesel Prices On May 6, 2024: Oil marketing companies have released petrol and diesel prices for May 6, 2024. The price of petrol and diesel is released daily. In such a situation, the driver should get petrol refilled after checking the latest rates. Let us tell you that fuel prices are different in all the cities. : news18.com
Adani’s Dhamra LNG in talks with banks to borrow $600 million for gas unit
New Delhi : Billionaire Gautam Adani’s conglomerate is seeking an offshore loan of about $600 million to refinance existing debt, according to people familiar with the matter. : Business Standard
