30-May-2024
Power
” New Delhi : NHPC Limited entered into an MOU with M/s Balmer Lawrie & Co. Ltd. on 29th May 2024 at NHPC Corporate Office, Faridabad. As per the MOU, NHPC’s serving and superannuated employees can book tickets for themselves and their family members will get the facility of Corporate Plan offered by M/s Balmer Lawrie Co. Ltd. for domestic travels through SSBT (Standard Self Booking Tool) App.” : Sarkaritel.com
” New Delhi : The Public Enterprises Selection Board (PESB) has recommended Ajay Kumar Sharma for the post of Director (Personnel) of SJVN, a leading Public Sector Undertaking under Ministry of Power.” : Sarkaritel.com
Smt. Parminder Chopra, CMD, PFC addressed Outlook Planet Sustainability Summit 2024
New Delhi : Smt. Parminder Chopra, CMD, PFC, addressed Outlook Planet Sustainability Summit 024. She shared her thought-provoking input on how CPSUs are aligning their plans with global investors, marking a shift from fossil fuel assets to renewables. : psuconnect.in
BHEL signs tech transfer pact with Bhabha Atomic Research Centre
New Delhi : BHEL signs tech transfer pact with Bhabha Atomic Research Centre. : Economic Times
Suzlon Group gets 551 MW wind energy project from Aditya Birla Group
New Delhi : Suzlon Group gets 551 MW wind energy project from Aditya Birla Group. : Economic Times
SJVN net profit rises to Rs 61 cr in Q4
New Delhi : SJVN net profit rises to Rs 61 cr in Q4. : Economic Times
Govt, corporate brass from 20 countries to participate in Indian Energy Storage Week
New Delhi : Govt, corporate brass from 20 countries to participate in Indian Energy Storage Week. : Economic Times
Promoter of Inox Wind divests 4.6 pc stake for Rs 904 cr
New Delhi : Promoter of Inox Wind divests 4.6 pc stake for Rs 904 cr. : Economic Times
Indowind Energy reports Rs 61 lakh profit in Q4
New Delhi : Indowind Energy reports Rs 61 lakh profit in Q4. : Economic Times
Avaada Energy secures Rs 315 crore finance for captive solar project in Karnataka
New Delhi : Avaada Energy secures Rs 315 crore finance for captive solar project in Karnataka. : Economic Times
As India faces record power demand, shift toward sustainable energy gains momentum
New Delhi : As India faces record power demand, shift toward sustainable energy gains momentum. : Economic Times
Delhi breaches 8,300-MW first time ever as heatwave sends power demand soaring
New Delhi : Delhi breaches 8,300-MW first time ever as heatwave sends power demand soaring. : Economic Times
Delhi’s power demand soars as temperature hits new high
New Delhi : At 1.36 pm on Wednesday, the peak power demand in Delhi hit 8,302 MW, the highest-ever recorded in the city, according to data from the State Load Dispatch Centre. : Mint
Adani Energy Solutions seeks shareholders’ nod to raise Rs 12,500 crore
New Delhi : Adani Energy Solutions will seek shareholders’ approval to raise Rs 12,500 crore in its annual general meeting on June 25. : Business Standard
India’s peak power demand touches new record high of 246 Gigawatts
New Delhi : The peak power demand in the country touched a new historic high of 246 Gigawatts (Gw) around 3 pm on Wednesday afternoon. : Business Standard
Delhi breaches 8,300 MW mark first time as power demand soars amid heatwave
New Delhi : Delhi’s peak power demand reached the all-time high of 8,302 MW on Wednesday afternoon as the city logged its highest-ever temperature of 52.3 degrees Celsius at the Mungeshpur weather station. : Business Standard
Avaada Energy secures $38 million for captive solar project in Karnataka
New Delhi : Avaada Energy, an arm of Avaada Group, announced this week that it has secured about INR 315 crore ($38 million) from Aseem Infrastructure Finance Ltd (AIFL) for a captive solar project in Karnataka. : pv-magazine.com
SJVN net profit rises to Rs 61 crore in Q4 of FY’24
New Delhi : State-owned SJVN Limited has reported over two-fold jump in consolidated profit to Rs 61.08 crore during the March quarter, on account of exceptional gains. : psuwatch.com
Avaada Energy secures Rs 315 crore finance for captive solar project in Karnataka
New Delhi : Avaada Group’s arm Avaada Energy on Wednesday said it has secured Rs 315 crore financing from Aseem Infrastructure Finance for a captive solar project in Karnataka. : psuwatch.com
Coal India and BHEL incorporates JV for coal-to-chemical business
New Delhi : State-owned Coal India has announced the incorporation of a subsidiary firm, Bharat Coal Gasification and Chemicals Ltd (BCGCL) for undertaking a coal-to-chemicals business, as per exchange filing. : psuconnect.in
Nepal’s budget focuses on hydropower, electricity export to Bangladesh begins from next year
New Delhi : Nepal’s budget focuses on hydropower, electricity export to Bangladesh begins from next year. : Economic Times
Powergrid commissions Jam Khambhaliya transmission project in Gujarat
New Delhi : Powergrid commissions Jam Khambhaliya transmission project in Gujarat. : Economic Times
As India faces record power demand, shift toward sustainable energy gains momentum
New Delhi : As India faces record power demand, shift toward sustainable energy gains momentum. : Economic Times
India embracing ambitious solar energy goals, but self-sufficiency yet remains elusive
New Delhi : India embracing ambitious solar energy goals, but self-sufficiency yet remains elusive. : Economic Times
Energy efficiency is the “lowest hanging fruit” for India: Danish Ambassador to India
New Delhi : Energy efficiency is the “lowest hanging fruit” for India: Danish Ambassador to India. : Economic Times
Peak power demand at record high of 246.1 GW on Wednesday
New Delhi : India’s peak power demand hit a record 246.1 GW till 0300 pm Wednesday as northwest and central parts of the country continue to reel under unprecedented heatwave conditions. : Economic Times
Power Mech Projects bags order worth Rs 563 crore to construct nuclear power plant from BHEL
New Delhi : Power Mech Projects on Wednesday said it has bagged an order worth Rs 563 crore from state-owned BHEL to construct a nuclear power plant. : Economic Times
Suzlon Group bags 551 MW wind energy project from Aditya Birla Group
New Delhi : Suzlon Group on Wednesday said it has secured an order for a 551.25 MW wind power project from Aditya Birla Group. : Business Standard
Havells India to ramp up solar power capacity to 16 MW
New Delhi : Havells India Ltd, a Noida-based electrical equipment company, plans to scale up its solar power capacity to around 16 MW by installing a 4.6 MW solar power plant at its Alwar facility in the upcoming fiscal year. : pv-magazine.com
SECI launches 1.2 GW solar tender
New Delhi : Solar Energy Corp. of India (SECI) has invited bids to set up 1.2 GW of solar PV power projects on a build-own-operate (BOO) basis. The project can be located anywhere in India and must connect to the interstate transmission system. : pv-magazine.com
NHPC signs MoU with Balmer Lawrie for domestic travel booking
New Delhi : NHPC Limited on Wednesday said that it has entered into an MoU with Balmer Lawrie & Co. Ltd. at NHPC Corporate Office, Faridabad. As per the MoU, NHPC’s serving and superannuated employees can book tickets for themselves and their family members and will get the facility of corporate plan offered by Balmer Lawrie for domestic travels through Standard Self Booking Tool (SSBT) App. : psuwatch.com
PGCIL commissions transmission project to connect Jamnagar oil refinery
New Delhi : Power Sector PSU Power Grid Corporation of India (PGCIL) has informed that it has commissioned the transmission project connecting Reliance’s Jamnagar oil refinery to the Jam Khambaliya inter-state transmission system (ISTS) pooling station. : psuconnect.in
Madhav Infra bags EPC contract for 15 MW floating solar in Chhattisgarh
New Delhi : Madhav Infra Projects has secured the order to set up a 15 MW floating solar PV project at Maroda Reservoir of NTPC-SAIL Power Co. Ltd (NSPCL) in Chhattisgarh. : psuconnect.in
Oil and Gas
” New Delhi : State-owned PSU oil refinery HPCL has announced that HPCL and OIL India Ltd. have signed an MoU to explore new business opportunities in the energy sector, including Oil & Gas, Sustainable and Renewable Energy, Carbon Capture Utilisation and Storage, and Green Hydrogen.” : psuconnect.in
EET Retail continues to deliver on ambitious expansion plans
New Delhi : EET Retail, the retail division of EET Fuels, has reopened two new service stations recently, with more expected to be opened throughout the year ahead. The newly branded Spalding service station and Oakham service station signal a new era of convenience and service for the Essar consumer brand. : Sarkaritel.com
MNRE exempts SEZ, EOU-based renewable plants from ALMM for green hydrogen production
New Delhi : MNRE exempts SEZ, EOU-based renewable plants from ALMM for green hydrogen production. : Economic Times
Reliance to buy Russian oil in roubles, sources say
New Delhi : Reliance to buy Russian oil in roubles, sources say. : Economic Times
Why does OPEC+ often clash over oil production capacity?
New Delhi : Why does OPEC+ often clash over oil production capacity?. : Economic Times
India’s natural gas demand to rise 7% in 2024, says IEA
New Delhi : Natural gas demand in India is likely to grow 7% in 2024 owing to higher usage in the industrial and fertiliser sectors, an executive with the International Energy Agency said on Wednesday. : Economic Times
IGGL updates Mizoram CM on the progress of NEGG project
New Delhi : A team of IGGL led by CEO, Dr Ajit Kumar Thakur and COO, Pankaj Patowary met Lalduhoma, Chief Minister of Mizoram to apprise him about the current construction status of the ongoing 127km long Panisagar – Aizawl natural gas pipeline being implemented by IGGL as a part of the North East Gas Grid Project. : Economic Times
Oil prices up on prospect of Opec+ holding cuts, weaker US dollar
New Delhi : Oil prices rose by more than $1 a barrel on Tuesday on the expectation that OPEC+ will maintain crude supply curbs at its June 2 meeting, while a weaker U.S. dollar made the commodity more attractive to holders of other currencies. : Business Standard
ConocoPhillips to buy Marathon Oil in $22.5 bn deal in latest energy merger
New Delhi : Top U.S. independent oil and gas producer ConocoPhillips on Wednesday agreed to buy Marathon Oil for $22.5 billion, the latest in a series of mega-deals in the energy industry. : Business Standard
PGCIL commissions transmission project to connect Jamnagar oil refinery
New Delhi : Power Sector PSU Power Grid Corporation of India (PGCIL) has informed that it has commissioned the transmission project connecting Reliance’s Jamnagar oil refinery to the Jam Khambaliya inter-state transmission system (ISTS) pooling station. : psuconnect.in
Petrol and diesel prices remain stable for 74 days in Chennai
Chennai : In Chennai, the price of petrol and diesel has remained unchanged for the past 74 days. : dtnext.in
MG Motor, HPCL join hands to enhance EV charging infrastructure
New Delhi : MG Motor, HPCL join hands to enhance EV charging infrastructure. : Economic Times
India’s reliance on gas-based power in summer months likely to reduce in long term: IEEFA
New Delhi : India’s reliance on gas-based power in summer months likely to reduce in long term: IEEFA. : Economic Times
Sudan oil pipeline resumption imminent, says South Sudan official
New Delhi : Sudan oil pipeline resumption imminent, says South Sudan official. : Economic Times
Crude oil prices hit 4-week high on OPEC+ cut expectations, heightened Middle East tensions
New Delhi : Crude oil prices have resumed their upward trend in recent sessions to hit multi-week highs, led by rising tensions in the Middle East and expectations of OPEC+ countries extending voluntary output cuts of about 2.2 million barrels per day, which were first implemented in 2023 to bolster global crude oil prices. : Mint
Oil prices hit 4-week high ahead of OPEC+ policy verdict, US demand hopes; Brent highest since May 1 at $85/bbl
New Delhi : Oil prices extended gains and hit a four-week high on Wednesday, May 29, over expectations that the Organisation of Petroleum Exporting Countries and its allies (OPEC+) will extend output cuts at its upcoming policy meeting on June 2. : Mint
Gas stations in full throttle as India’s power demand touches new record
New Delhi : Thermal power stations running on gas, which were in a beleaguered state, are generating close to 10 gigawatt (Gw), the highest in several years. : Business Standard
Reliance signs deal with Russia’s Rosneft to buy oil in roubles: Report
New Delhi : India’s Reliance Industries, operator of the world’s biggest refining complex, has signed a one-year deal with Russia’s Rosneft to buy at least 3 million barrels of oil a month in roubles, four sources aware of the matter told Reuters. : Business Standard
Bringing natural gas under GST will lead to faster adoption: Oil secy
New Delhi : Taxation on natural gas remains key to increasing the use of natural gas in the economy, and the government is ‘cautiously optimistic’ about bringing the fuel within the fold of the Goods and Services Tax (GST) regime in 2024-25, Petroleum Secretary Pankaj Jain said on Wednesday. : Business Standard
Petrol, Diesel Price Today: Check Latest Fuel Prices In Your City On May 29
New Delhi : Petrol and Diesel Prices On May 29, 2024: Petrol and diesel prices for Wednesday, May 29, have been released. The daily fuel prices in the country are decided based on international crude oil prices. Because of this, the effect of change in crude oil prices is seen in petrol and diesel prices in the country. : news18.com
