07-June-2024
Power
NLC India organised ‘C’ Level certificate program in Project management
New Delhi : NLC India Limited, a Navratna – Govt. of India Enterprise, under the Ministry of Coal, organised a program on “C” Level Certification in Project Management at Learning and Development Centre, Neyveli, as part of its committed efforts in developing young talents of the company in the execution of present and future projects & also as part of succession planning. : psuconnect.in
CMD Power grid Ravindra Kumar Tyagi to hold additional charge of Director ( Projects)
New Delhi : State-owned Power Grid corporation has informed that Shri Ravindra Kumar Tyagi, Chairman & Managing Director (CMD), POWER GRID has been entrusted with an additional charge of the post of Director (Projects) of POWERGRID w.e.f. 1st July, 2024. : psuconnect.in
DVC Observation of World Environment Day 2024
New Delhi : A plantation drive was undertaken at the East Calcutta District Sports Complex. Later a talk session was organized wherein a lecture on environmental conservation was deliberated by Professor Sudipta De, Mechanical Engineering Deptt, Jadavpur University. : psuconnect.in
World environment day 2024 observed at NLC India Limited
New Delhi : The “World Environment Day” was observed at NLC India Limited on June 5, 2024. The event was marked by plantation of saplings by Shri Prasanna Kumar Motupalli, CMD, NLCIL along with Functional Directors, Environmental experts invited as guests and senior officials of NLCIL. : psuconnect.in
ReNew Energy Global Plc net profit jumps seven-fold to USD 7 mn in March quarter
New Delhi : ReNew Energy Global Plc net profit jumps seven-fold to USD 7 mn in March quarter. : Economic Times
BHEL gets over Rs 3,500 cr order from Adani Power
New Delhi : BHEL gets over Rs 3,500 cr order from Adani Power. : Economic Times
Coal and renewables to drive $360 billion investment in India’s power sector over next seven years: Moody’s
New Delhi : Coal and renewables to drive $360 billion investment in India’s power sector over next seven years: Moody’s. : Economic Times
India offers USD 500 billion investment opportunities in clean energy, other sectors by 2030
New Delhi : India offers USD 500 billion investment opportunities in clean energy, other sectors by 2030. : Economic Times
NCLT allows fresh round of bidding for KSK Mahanadi
New Delhi : The National Company Law Tribunal (NCLT) Thursday allowed KSK Mahanadi Power Company Ltd’s committee of creditor (CoC) to invite fresh bids for the company. : Economic Times
KPI Energy soars 5% on procuring 20 orders for solar power projects
New Delhi : The shares of KPI Green Energy shot up by 4.99 per cent at RS 1,767.50 per share on the BSE in Thursday’s intraday trade. This came as the company received as many as 20 solar power projects from different clients with an aggregate order size of 26.15 mega watts. : Business Standard
ReNew posts profit for fiscal 2024
New Delhi : ReNew Energy Global, a Nasdaq-listed decarbonization solutions company, has reported a total income (or total revenue) of $1,158 million for FY 2024, compared to $1,072 million for FY 2023. : pv-magazine.com
THDC achieved another significant milestone
New Delhi : THDC India Limited’s 1320 MW under-construction Khurja Super Thermal Power Project has achieved another significant milestone as Wagon Tippler and its Side Arm Charger (Coal Handling Plant) have been successfully tested with a full load (empty wagon). : psuconnect.in
KPI Green To Light Up 26.15 MW Solar Plant, With Order From 20 Textile Companies
New Delhi : KPI Green To Light Up 26.15 MW Solar Plant, With Order From 20 Textile Companies. : saurenergy.com
Solar investment outstrips all other power forms: IEA
New Delhi : Solar investment outstrips all other power forms: IEA. : Economic Times
Increased demand from power plants drives IGX trading volume up by 480% YoY
New Delhi : Increased demand from power plants drives IGX trading volume up by 480% YoY. : Economic Times
India, Brazil lead emerging markets in clean energy investments, total global spend to reach $3 trillion in 2024
New Delhi : India, Brazil lead emerging markets in clean energy investments, total global spend to reach $3 trillion in 2024. : Economic Times
India’s coal PSUs to invest Rs 20,000 crore to set up renewable energy projects by 2028: Coal Secretary Amrit Lal Meena
New Delhi : India’s coal PSUs to invest Rs 20,000 crore to set up renewable energy projects by 2028: Coal Secretary Amrit Lal Meena. : Economic Times
Mirzapur Thermal Energy becomes Adani Power arm following equity allotment
New Delhi : Mirzapur Thermal Energy becomes Adani Power arm following equity allotment. : Economic Times
ReNew reports a record profit of ?415 crore during FY24
New Delhi : ReNew Energy Global (ReNew) has scripted a turnaround in FY24, reporting a net profit of ?414.7 crore on the back of higher income, from a net loss of ?503 crore in the previous fiscal year, the Gurugram-headquartered company said on Thursday. : Mint
Renewables, transmission to fuel power sector investment: Moody’s
New Delhi : Investment in the country’s power sector will be driven by renewable energy and power transmission over the coming years, according to a report by Moody’s Ratings on Thursday. : Business Standard
BHEL shares zoom 10% on securing thermal power project from Adani Power
New Delhi : Shares of State-owned Bharat Heavy Electricals Ltd (BHEL) soared up 9.99 per cent at Rs 280.75 per share on the BSE in Thursday’s intra day deals. : Business Standard
India to spend up to $385 bn to meet renewable energy target: Moody’s
Bengaluru : India will have to invest as much as $385 billion to meet its target of 500 gigawatts (GW) of renewable energy by 2030, but coal will remain a key source of electricity generation for the next decade, Moody’s Ratings said on Thursday. : Business Standard
EESL collaborates with Energy Management Centre Kerala, Central University of Jharkhand
New Delhi : State-owned Energy Efficiency Services (EESL) on Thursday announced its collaboration with the Energy Management Centre, Kerala, and Central University of Jharkhand on the World Environment Day to accelerate the adoption of energy efficiency measures. : psuwatch.com
Clean energy investments to hit USD 2 trn in 2024, but most of it will go to China, US & EU: IEA
New Delhi : Despite pressures on financing, global investment in clean energy is set to reach almost double the amount going to fossil fuels in 2024, helped by improving supply chains and lower costs for clean technologies, according to a new International Energy Agency (IEA) report. : psuwatch.com
IEA Forecasts Solar PV Investment To Exceed USD 500 Bn In 2024
New Delhi : IEA Forecasts Solar PV Investment To Exceed USD 500 Bn In 2024. : saurenergy.com
ReNew Energy Global net profit jumps 7-fold to $7 mn in March quarter
New Delhi : ReNew Energy Global Plc on Thursday said its net profit jumped seven-fold to $7 million in the January-March quarter of FY24 due to higher income and reduced expenses. : Business Standard
India presents over $500 bn investment opportunities in clean energy by 2030
New Delhi : India has substantial investment opportunities totalling over $500 billion by 2030, particularly in the clean energy value chain, including renewables, green hydrogen, electric vehicles (EV), and infrastructure transition, commerce secretary Sunil Barthwal said. : Mint
Oil and Gas
Government seeks candidates for new chief at Indian Oil
New Delhi : The oil ministry started the process of selecting a new chairman for Indian Oil Corp. on Tuesday, the day of the general election verdict, setting off speculation that S M Vaidya, the incumbent serving an extended tenure, may not get another term. : Economic Times
IndianOil Refineries HQs Celebrates World Environment Day 2024
New Delhi : Mr. Senthil Kumar N, Director (Pipelines) holding additional charge of Director (Refineries), IndianOil led the World Environment Day celebrations at IndianOil Refineries HQs. : psuconnect.in
GAIL Pata Petrochemical Complex wins 3rd consecutive Gold Award
New Delhi : GAIL’s Pata Petrochemical Complex has been honoured with a third consecutive Gold Award at the 10th National Award for Manufacturing Competitiveness, presented by the International Research Institute for Manufacturing. : psuconnect.in
IOCL enters Joint Venture Agreement with Sun Mobility Pvt Ltd Singapore for battery swapping business
New Delhi : The Board members of oil PSU IOCL have approved the formation of a Joint Venture Company for battery swapping business in India as a Private Limited Company with 50:50 collaboration with Sun Mobility Pte. Ltd. Singapore (SMS). : psuconnect.in
Fearing Russian oil spills, Finland seeks EU response vessel
New Delhi : Fearing Russian oil spills, Finland seeks EU response vessel. : Economic Times
India’s refining capacity set to increase to 276.1 MMT by 2024, up from 266.5 MMT
New Delhi : India’s refining capacity set to increase to 276.1 MMT by 2024, up from 266.5 MMT. : Economic Times
Assam government increases petrol prices by Rs 1.02 per litre, Diesel by Rs 1.01 a litre
New Delhi : Assam government has increased the petrol prices by Rs 1.02 per litre and Diesel prices by Rs 1.01. : Economic Times
Oil up on hopes Fed will follow European Central Bank with rate cuts
New Delhi : Oil prices rose by around 2% on Thursday as the European Central Bank’s decision to cut interest rates spurred hopes that the Fed would follow suit, and OPEC ministers reassured investors they could tweak the latest oil output agreement. : Mint
Shifting sands: How India’s fuel pricing policy evolved over the years
New Delhi : With the finances of state oil companies, led by Indian Oil, careening in a volatile oil world, the question being asked yet again is whether they will now finally get the ‘full’ freedom to set the prices of diesel, petrol and LPG, or whether the new government at the Centre will continue to ‘influence’ what you and I pay at the pump. : Business Standard
Govt re-initiates process to find new chairman of Indian Oil Corporation
New Delhi : The government has invited applications for the new chairman of Indian Oil Corporation (IOC), ending the uncertainty over continuance of incumbent Shrikant Madhav Vaidya. : Business Standard
Crude oil strategy for June 7: WTI prices eyeing $72 support level
New Delhi : Oil prices bounced back on Wednesday, despite the jump in US weekly inventories, the WTI settled 1.1 per cent higher at $74.07, recovering from four-month lows of $72.82. : Business Standard
Demand from gas-based power plants drive up gas trading at IGX by 480% y-o-y in May
New Delhi : The must-run status mandated by the Central government for gas-based power plants and a following increase in demand for gas by power stations have pushed up gas trade volumes at Indian Gas Exchange (IGX) by 480 percent year-on-year in May. : psuwatch.com
Scorching heat drives India’s gas-fired power use to multi-year highs in May
New Delhi : Scorching heat drives India’s gas-fired power use to multi-year highs in May. : Economic Times
How a small crack in a pipeline gave a big jolt to Europe’s gas market
New Delhi : Urgent repairs to a pipe on a gas platform in Norway are underway but the event served as a grim reminder that small outages can send European prices soaring. : Economic Times
PNGRB seeks to regulate LNG terminals
New Delhi : Companies planning to set up new liquefied natural gas (LNG) terminals or expand existing ones will need approval of the downstream regulator. : Economic Times
Oil snaps 5-day losing streak after ECB cuts interest rates, US Fed in focus; Brent rises over $1 to near $80/bbl
New Delhi : Crude oil prices snapped their five-day losing streak and edged higher on Thursday, June 6, after the European Central Bank (ECB) cut interest rates for the first time in five years. : Mint
Monthly natural gas trades shoot up 480% in May: Indian Gas Exchange
New Delhi : An increasing trend in gas prices and extended winter reducing gas-based power demand led to monthly gas volumes traded on the Indian Gas Exchange Limited (IGX) rising by 480 per cent to 4.92 million metric million British thermal units (mmBtu) in May, the company said on Thursday. : Business Standard
WTI, Brent crude oil prices enter ‘oversold’ zone; check levels for June 6
New Delhi : Oil prices bounced back on Wednesday, despite the jump in US weekly inventories, as the WTI settled up 1.1 per cent at $74.07, recovering from four-month lows of $72.82. : Business Standard
Petrol, Diesel Price Today: Check Latest Fuel Prices In Your City On June 6
New Delhi : Petrol, Diesel Prices On June 6, 2024: Oil companies have updated the petrol and diesel prices on Thursday, June 6. Check the latest petrol, and diesel prices to know if there is an increase in the amount that you have to shell out for a litre. : news18.com
