14-May-2024
Power
REC would like to fund 30-40% of 94 GW coal-based capacity in pipeline: CMD
New Delhi : State-run REC Limited has plans to fund 30-40 percent of the 94 GW coal-based capacity that is expected to come up by 2032, said its Chairman and Managing Director (CMD) Vivek Kumar Dewangan during a recent investors’ call. : psuwatch.com
NTPC Mouda Inaugurates Girl Empowerment Mission 2024 Workshop
New Delhi : In a significant step towards gender empowerment and skill development among girls, the NTPC Mouda inaugurated the 3rd edition of the ‘Girl Empowerment Mission’s workshop on Subday. The inaugural ceremony was graced by Chief Guest, Shri K.M.K Prusty, Head of Project (HOP) NTPC Mouda, marked the beginning of a transformative journey for 42 students from 13 Zilla Parishad Schools of Mouda Tehsil. : indianpsu.com
NHPC inks pact with Japan Bank for International Cooperation for JPY 20 bn loan
New Delhi : NHPC inks pact with Japan Bank for International Cooperation for JPY 20 bn loan. : Economic Times
Modi govt’s new solar scheme has three big hurdles
New Delhi : Modi govt’s new solar scheme has three big hurdles. : Economic Times
Tata Power to target 20% share in PM Surya Ghar Muft Bijli Yojana: CEO
New Delhi : Tata Power is planning to spend ?20,000 crore on capital expenditure this fiscal. Half of the spending will go towards renewable energy and the rest on distribution, transmission, and coal-based plants. : Economic Times
Waaree Renewable Technologies records INR 148.04 crore profit in FY 2024
New Delhi : Waaree Renewable Technologies, the solar EPC arm of Waaree Group, has reported FY 2023-24 revenue of INR 876.44 crore ($105 million), 149.73% up year-on-year (YoY). The company’s profit after tax (net profit) grew 167.55% YoY to INR 148.04 crore. : pv-magazine.com
SAIL’s Bhilai Steel Plant To Have Chhattisgarh’s First Floating Solar Plant
New Delhi : SAIL’s Bhilai Steel Plant To Have Chhattisgarh’s First Floating Solar Plant. : saurenergy.com
MNRE Goes Back To the Past To Declare All Rooftop Solar As PM Surya Ghar Achievements
New Delhi : MNRE Goes Back To the Past To Declare All Rooftop Solar As PM Surya Ghar Achievements. : saurenergy.com
Hindustan Petroleum Floats EPC Tender for 300 MW of Solar Projects
New Delhi : Hindustan Petroleum Floats EPC Tender for 300 MW of Solar Projects. : mercomindia.com
Adani Enterprises to invest Rs 80k cr in current fiscal
New Delhi : Adani Enterprises to invest Rs 80k cr in current fiscal. : Economic Times
Radiance to raise $150 million for 2GW expansion, introduces robotic solar cleaning
New Delhi : Radiance to raise $150 million for 2GW expansion, introduces robotic solar cleaning. : Economic Times
India’s coal import rises 8% to 268 MT in FY24
New Delhi : India’s coal import rises 8% to 268 MT in FY24. : Economic Times
Renewable energy firm SAEL plans dollar bond sale targeting up to $500 mn
New Delhi : Indian renewable energy firm SAEL Ltd. is planning an inaugural dollar bond sale targeting up to $500 million, according to people familiar with the matter, joining other borrowers to fuel Asia’s hottest high-yield market in five years. : Business Standard
Trina Solar records 65.21 GW of solar panel shipments for 2023
New Delhi : Trina Solar said it recorded $15.75 billion of revenue in 2023, up 33.32% year on year. Its net profit rose 50.26% to $768.2 million. : pv-magazine.com
Tata Power’s Tirunelveli fab to produce solar cells from next month
New Delhi : Praveer Sinha, CEO and managing director, Tata Power, said their 4 GW solar cell manufacturing facility in the Tirunelveli district of Tamil Nadu will start getting commissioned from next month. : pv-magazine.com
KPI Green Energy board okays plan to raise up to Rs 1,000 cr
New Delhi : KPI Green Energy on Monday said its board has approved a proposal to raise up to Rs 1,000 crore through issuance of shares via qualified institutional placement. : psuwatch.com
CERC Declines Relief To Adani Subsidiary Over Delay In Bhuj Wind Project
New Delhi : CERC Declines Relief To Adani Subsidiary Over Delay In Bhuj Wind Project. : saurenergy.com
GAIL Invites Bids For Grid Tied RT Solar PV Plant Under KG Basin
New Delhi : GAIL Invites Bids For Grid Tied RT Solar PV Plant Under KG Basin. : saurenergy.com
Leading Solar EPC Companies in 2023
New Delhi : Leading Solar EPC Companies in 2023. : mercomindia.com
Delhi Regulator Greenlights BSES Rajdhani’s Battery Energy Storage Project
New Delhi : Delhi Regulator Greenlights BSES Rajdhani’s Battery Energy Storage Project. : mercomindia.com
Friday’s thunderstorm caused an 11 GW electricity load crash in North India
New Delhi : A sudden and severe thunderstorm on Friday night resulted in a drop of close to 11 GW of electricity load, as reported by state load despatch centres (SLDCs) in the northern region. : Business Standard
Oil and Gas
” New Delhi : KSRTC Bus stand Mangalore is among the busiest hubs for passenger movement. This well-connected junction has a footfall of lakhs of people each month, and the upgrading of passenger amenities is much desired due to ever-increasing demand among travellers.” : Sarkaritel.com
” New Delhi : The faster adoption of electric vehicles (EVs), the National Hydrogen Mission and other such initiatives will propel India’s journey towards a net-zero target by 2070, eminent scientists and thought leaders have said.” : Sarkaritel.com
HPCL Board advised nomination for Vinod Seshan as Government Director
New Delhi : Oil Marketing PSU HPCL has informed through exchange filing that the Administrative Ministry i.e. Ministry of Petroleum and Natural Gas dated May 10, 2024, has advised the nomination of Shri Vinod Seshan, Director, Ministry of Petroleum & Natural Gas. : psuconnect.in
B Sudarshan takes over as Executive Director (Refinery) of MRPL
New Delhi : B Sudarshan has taken over charge as Executive Director (Refinery) Mangalore Refinery and Petrochemicals Limited (MRPL) on Monday. Before this, he was holding the position of Group General Manager (Marketing Projects) in the same organisation. : psuwatch.com
Sujata Sharma appointed as Government Nominee Director of IOCL
New Delhi : Ms. Sujata Sharma has been appointed as Government Nominee Director on the Board of IndianOil with effect from 11 May 2024. : psuconnect.in
Hindustan Petroleum Floats EPC Tender for 300 MW of Solar Projects
New Delhi : Hindustan Petroleum Floats EPC Tender for 300 MW of Solar Projects. : mercomindia.com
GAIL Invites Bids For Grid Tied RT Solar PV Plant Under KG Basin
New Delhi : GAIL Invites Bids For Grid Tied RT Solar PV Plant Under KG Basin. : saurenergy.com
Indian Oil to do capital expenditure of Rs 31,000 crore in FY 25
New Delhi : Indian Oil Corporation Limited (IOCL) intends to allocate a capital expenditure of ?31,000 Crore for FY 2024-25. This will include equity investments in joint ventures and subsidiaries, as conveyed to Moneycontrol. : indiainfoline.com
Two trains with petrol, diesel head to Tripura amid fuel crisis
New Delhi : Two trains with petrol, diesel head to Tripura amid fuel crisis. : Economic Times
Honeywell and Weatherford to collaborate on emissions monitoring for oil and gas
New Delhi : Honeywell and Weatherford to collaborate on emissions monitoring for oil and gas. : Economic Times
EVs, green hydrogen to propel India’s journey towards net-zero target by 2070: Experts
New Delhi : EVs, green hydrogen to propel India’s journey towards net-zero target by 2070: Experts. : Economic Times
Retail inflation eases to 4.83% in April on softening fuel prices
New Delhi : Retail inflation as measured by the consumer price index (CPI) marginally eased by 2 basis points to an 11-month low of 4.83 per cent in April aided by softening core and fuel inflation even though food inflation accelerated. : Business Standard
Oil extends decline on signs of weak fuel demand, strong dollar
New Delhi : Oil extends decline on signs of weak fuel demand, strong dollar. : Economic Times
Cairn Oil & Gas reports 19% increase in reserves, hits 1.4 billion barrels
New Delhi : Cairn Oil & Gas reports 19% increase in reserves, hits 1.4 billion barrels. : Economic Times
India’s diesel shipments to Europe slip 20% as US, Gulf supplies rise
New Delhi : India’s diesel exports to Europe fell by a fifth sequentially in April as rising competition from US and Gulf suppliers amid softening demand in the continent weakened margins on the fuel. : Economic Times
What EU sanctions on re-exporting Russian LNG would mean for global gas
New Delhi : Since the start of Russia’s invasion of Ukraine, Europe and its allies have looked for ways to curb Moscow’s fossil fuel revenues without inflicting higher energy costs on their own citizens. : Business Standard
The Hydrogen Stream: Larsen & Toubro to commission electrolyzer factory this fiscal
New Delhi : Larsen & Toubro (L&T) will commission its [giga-scale] electrolyzer factory in Gujarat the next nine months or so. The factory will produce electrolyzers in sizes up to 4 MW, said P. Ramakrishnan, head of investor relations, at L&T. : pv-magazine.com
Brent crude oil hovers above $83 as inflation data takes centre stage
New Delhi : Oil prices edged higher on Monday after losing about $1 a barrel in the previous session on signs that U.S. policymakers are likely to keep interest rates higher for longer. : Business Standard
Indian Oil, BPCL, HPCL post Rs 81,000 crore record profit in FY’24
New Delhi : State-owned fuel retailers Indian Oil Corporation (Indian Oil), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) reported bumper profits totalling about Rs 81,000 crore in FY’24, which far exceeded their annual earning in pre-oil crisis years. : psuwatch.com
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On May 13
New Delhi : Petrol, Diesel Prices Today On May 13, 2024: Oil marketing companies (OMCs) update petrol and diesel prices every morning at 6 am. : news18.com
