20-June-2024
Power
Power Finance Corp approves Rs 15,000 cr loan to Shapoorji Pallonji group
New Delhi : The board of state-run Power Finance Corporation (PFC) has approved a Rs 15,000 crore loan to the Shapoorji Pallonji (SP) group companies, signifying a significant financial boost for the Mistry family, who are the promoters of the group and hold an 18.37 per cent stake in Tata Sons, according to a report by The Economic Times (ET). : Business Standard
REC Ltd announces record date for final dividend payout
New Delhi : The State-owned had declared a final dividend of Rs 5 along with its March quarter results, which were declared on June 30. This is the highest dividend payout by the company since November 2022, when it announced a dividend of Rs 5 per share. : psuconnect.in
BHEL announces change in Management Personnel
New Delhi : State-owned BHEL has announced that Rajesh Kumar Dwivedi has been promoted to the post of Director (Finance) and also been appointed as Chief Financial Officer of the Board. : psuconnect.in
NTPC ropes in Macawber Beekay to supply green coal for power projects
New Delhi : NTPC ropes in Macawber Beekay to supply green coal for power projects. : Economic Times
NTPC Ltd to get carbon emission aid from Macawber Beekay Pvt
New Delhi : Macawber Beekay Pvt., prominent in the waste-to-energy segment will supply green coal to National Thermal Power Corporation, to help them reduce carbon emissions while generating electricity. : psuconnect.in
India ranks 63rd on Energy Transition Index, Sweden on top: WEF
New Delhi : India ranks 63rd on Energy Transition Index, Sweden on top: WEF. : Economic Times
BHEL announces change in Management Personnel
New Delhi : State-owned BHEL has announced that Rajesh Kumar Dwivedi has been promoted to the post of Director (Finance) and also been appointed as Chief Financial Officer of the Board. : psuconnect.in
Highest ever Coal Stocks Available at Thermal Power Plants
New Delhi : The Ministry of Coal (MoC) is working tirelessly round the clock to ensure a consistent supply of coal to thermal power plants. As result of enhanced production, efficient management of logistics and smooth inter agency coordination, Ministry of Coal has ensured the highest ever stocks of Coal at thermal power plants. : Sarkaritel.com
Clean energy investments hit $1.8 trillion but fall short of COP28 goals
New Delhi : Clean energy investments hit $1.8 trillion but fall short of COP28 goals. : Economic Times
Coal stocks at power plants touch all-time high as production shoots up
New Delhi : Despite extremely high peak summer demand for power, the coal stocks at thermal power plants exceeded a record 45 million tonnes (MT) as on June 16, 2024, which is 31.71 per cent higher compared to the same period last year when it was 34.25 MT, the Coal Ministry said on Wednesday. : Sarkaritel.com
India’s Energy Crisis: Coal imports to rise as hydroelectric power wanes
New Delhi : India’s Energy Crisis: Coal imports to rise as hydroelectric power wanes. : Economic Times
TERI celebrates 50th Anniversary, sets stage for next-gen sustainable development
New Delhi : TERI celebrates 50th Anniversary, sets stage for next-gen sustainable development. : Economic Times
EESL joins hands with APEPDCL to promote energy efficiency, conservation
New Delhi : State-owned Energy Efficiency Services Ltd (EESL) on Wednesday said it has partnered with Andhra Pradesh Eastern Power Distribution Company Ltd (APEPDCL) to promote the adoption of energy efficiency and enable energy conservation within the power distribution sector. : Economic Times
Multiple-tripping incidents reported in northern region as power demand shoots up to 89.4 GW
New Delhi : Multiple-tripping incidents were reported in the northern region on Monday after power demand shot up to 89.4 gigawatt (GW), leading to a supply gap of 16.5 GW, as per a Northern Regional Load Despatch Centre (NRLDC) report. Haryana, Delhi, Punjab, Uttarakhand, Himachal Pradesh, Uttar Pradesh, Rajasthan and J&K were the affected states, the report said. : Economic Times
Cabinet okays ?76,200-cr port at Vadhavan in Maharashtra, wind projects off Gujarat & TN: Minister Ashwini Vaishnaw
New Delhi : Prime Minister Narendra Modi-led Union Cabinet on June 19 approved the construction of a major port at Vadhavan near Dahanu in Maharashtra’s Palghar district at a cost of ?76,200 crore. : Mint
Sri Lanka SC asks govt & Adani group to respond over wind power project
New Delhi : Sri Lanka’s Supreme Court has given Prime Minister Dinesh Gunawardena, the Cabinet and the Adani Group three weeks to file preliminary objections to a petition filed by an environmental group against the wind power project undertaken by the Indian conglomerate in the country. : Business Standard
Mahagenco launches 65 MW AC solar EPC tender
New Delhi : Maharashtra State Power Generation Co. Ltd (Mahagenco) has invited bids for setting up 65 MW AC of grid-interactive solar plant on EPC basis in Maharashtra. The plant will come up at Lakhmapur village in Chandrapur district. : pv-magazine.com
Gensol secures additional 250 MW/500 MWh in GUVNL’s battery storage project
New Delhi : Gensol Engineering Ltd, a solar power EPC services and electric mobility solutions provider, has been allotted 250 MW/500 MWh under green shoe option in Gujarat Urja Vikas Nigam Ltd’s standalone battery energy storage systems (BESS) project. : pv-magazine.com
CIL to offer 34 underground mines to private operators on revenue-share basis
New Delhi : In a bid to extract coal from its closed and discontinued underground coal mines, Coal India Limited (CIL) has announced its plan to engage private operators. Coal India is planning to offer 34 underground coal mines to private operators on revenue-sharing basis, said an official statement on Wednesday. : psuwatch.com
EESL joins hands with APEPDCL to promote energy efficiency, conservation
New Delhi : State-owned Energy Efficiency Services Limited (EESL) on Wednesday said it has partnered with Andhra Pradesh Eastern Power Distribution Company Limited (APEPDCL) to promote the adoption of energy efficiency and enable energy conservation within the power distribution sector. : psuwatch.com
NTPC REL Invites Bids For 1000 MW Wind Energy Project In Karnataka
New Delhi : NTPC REL Invites Bids For 1000 MW Wind Energy Project In Karnataka. : saurenergy.com
Cabinet gives nod to Rs 7,453 crore scheme for offshore wind energy projects
New Delhi : The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects at a total outlay of Rs 7,453 crore, according to an official statement issued after the meeting. : Sarkaritel.com
‘Record Energy Use’: Delhi’s power demand soars to 8656 MW amid heatwave
New Delhi : ‘Record Energy Use’: Delhi’s power demand soars to 8656 MW amid heatwave. : Economic Times
Adani Group to invest $100 bn over the next decade in energy transition: Gautam Adani
New Delhi : Adani Group to invest $100 bn over the next decade in energy transition: Gautam Adani. : Economic Times
CIL awards 23 abandoned mines to private operators
New Delhi : CIL awards 23 abandoned mines to private operators. : Economic Times
Thermal power plants’ coal stock surges to 45 million tonne, up 31.71% YoY: Coal Ministry
New Delhi : Thermal power plants’ coal stock surges to 45 million tonne, up 31.71% YoY: Coal Ministry. : Economic Times
Coal India exploring lithium assets in Argentina with US company
New Delhi : Coal India exploring lithium assets in Argentina with US company. : Economic Times
Comprehensive measures in place to ensure adequate power supply during increased summer demand: Ministry
New Delhi : Comprehensive measures in place to ensure adequate power supply during increased summer demand: Ministry. : Economic Times
India set to see biggest jump in coal-fired power in a decade
New Delhi : India set to see biggest jump in coal-fired power in a decade. : Economic Times
Toshiba JSW Power Systems appoints Daisuke Murata as MD
New Delhi : Toshiba JSW Power Systems appoints Daisuke Murata as MD. : Economic Times
Sri Lanka’s SC seeks response from government and Adani group on objections by environmental group against wind power project
New Delhi : Sri Lanka’s SC seeks response from government and Adani group on objections by environmental group against wind power project. : Economic Times
Gensol Engineering bags another BESS project from GUVNL
New Delhi : Gensol Engineering on Wednesday said it has bagged an additional 250 MW/500 MW Battery Energy Storage System Project (BESS) from GUVNL, taking its order book to Rs 3,100 crore in the segment. : Economic Times
Exchange Prices of Power Increase, hit Ceiling Price in Peak Hours
New Delhi : Exchange Prices of Power Increase, hit Ceiling Price in Peak Hours. : Mint
Solar Energy Faces Cloudy Prospects on Warehouse Rooftops
New Delhi : Solar Energy Faces Cloudy Prospects on Warehouse Rooftops. : Mint
India set to register biggest jump in coal-fired power in a decade
New Delhi : India will add more new coal power capacity than it has in almost a decade this year, as the country rushes to deploy generation to cope with surging electricity demand. : Business Standard
India’s coal-based power demand rise by 7.3%, at all-time high: Govt
New Delhi : India’s demand for coal-based power has risen by 7.3 per cent this fiscal year to an all-time high, the government said in a statement on Wednesday. : Business Standard
Govt clears Rs 7,453 crore VGF scheme for offshore wind energy projects
New Delhi : Govt clears Rs 7,453 crore VGF scheme for offshore wind energy projects. : Business Standard
Jakson Green bags NTPC bid for project to produce 4G ethanol from flue gas
New Delhi : New energy transition platform Jakson Green on Wednesday said it has bagged an order from state-owned NTPC for setting up a plant to produce 4G ethanol from flue gas. : Business Standard
EESL ties up with APEPDCL to promote energy efficiency, conservation
New Delhi : State-owned Energy Efficiency Services Ltd (EESL) on Wednesday said it has partnered with Andhra Pradesh Eastern Power Distribution Company Ltd (APEPDCL) to promote the adoption of energy efficiency and enable energy conservation within the power distribution sector. : Business Standard
IFC to finance Brookfield’s 550 MWp Bikaner solar power project
New Delhi : International Finance Corp. (IFC), a member of the World Bank Group, has committed $105 million to Brookfield Asset Management’s 550 MWp solar power project in the Bikaner district of Rajasthan. : pv-magazine.com
HIGHEST EVER COAL STOCKS AVAILABLE AT THERMAL POWER PLANTS: COAL STOCKS AT TPPS EXCEED 45 MILLION TONNES
New Delhi : The Ministry of Coal (MoC) is working tirelessly round the clock to ensure a consistent supply of coal to thermal power plants. : globalgreenews.com
NCL to install Solar Pumps in 33 Gaushala of Singrauli
New Delhi : In a significant step towards sustainable development under CSR initiatives, NCL signed an MoU for the installation of Solar Pumps in 33 Nos. of Gaushala Established under Mukhyamantri Gau Sewa Yojna in Singrauli amounting to Rupees more than Sixty Lakh on Tuesday. : psuconnect.in
MRSPTU and NHPC Join hands for Advance Crucial Development Projects
New Delhi : Towards a significant stride, Maharaja Ranjit Singh Punjab Technical University (MRSPTU), Bathinda, and National Hydro Power Corporation (NHPC) Limited have signed a Memorandum of Agreement (MoA), enhancing collaborative efforts for crucial projects. : psuconnect.in
NTPC Issues Tender For 600kw/3000kwhr Vanadium BESS
New Delhi : NTPC Issues Tender For 600kw/3000kwhr Vanadium BESS. : saurenergy.com
Brookfield To Get IFC Funds For 550 MW Rajasthan Solar Park
New Delhi : Brookfield To Get IFC Funds For 550 MW Rajasthan Solar Park. : saurenergy.com
Union Coal Minister To Launch 10th Round Of Commercial Coal Mines Auction For 60 Coal Blocks On June 21
New Delhi : In a significant move to enhance domestic coal production and ensure energy security for the nation, the Ministry of Coal is set to launch the next tranche of coal block auctions. Union Minister of Coal and Mines, Shri G. Kishan Reddy will launch the 10th round of Commercial Coal Mining auctions on 21st June, 2024 in Hyderabad. : indianpsu.com
POWER MINISTRY TAKING COMPREHENSIVE MEASURES TO ENSURE ADEQUATE POWER SUPPLY DURING INCREASED SUMMER DEMAND
New Delhi : Highest ever peak demand of 89 GW in the Northern Region successfully met on 17th June 2024. : globalgreenews.com
Delhi’s peak power demand at new high of 8656 MW, day after creating record
New Delhi : Delhi’s peak power demand surged to an all-time high on Wednesday at 8,656 MW, surpassing the previous record created a day before. : Business Standard
Oil and Gas
” New Delhi : In a landmark step towards fostering sustainable energy solutions in India, IndianOil, the ‘Energy of India’, has entered into a Joint Venture Agreement with GPS Renewables Private Limited, one of the leading biofuels Companies in the country.” : Sarkaritel.com
Dreams Unleashed: HPCL and Indian Army’s Journey of Empowerment
New Delhi : In the enchanting city of Srinagar, Jammu & Kashmir, a heartening collaboration unfolds, painting stories of hope for the budding talents in need. : psuconnect.in
Indian Oil, GPS Renewables Pvt. Ltd form Joint Venture for Sustainable Energy Solutions
New Delhi : IndianOil, the ‘Energy of India’, has taken a significant step towards promoting sustainable energy solutions in India by signing a Joint Venture Agreement with GPS Renewables Private Limited, one of the leading biofuels companies in the country. : psuconnect.in
Indian Oil & GPS Renewables form JV to promote biofuels
New Delhi : Indian Oil on Wednesday said that it has entered into a joint venture (JV) agreement with GPS Renewables Private Limited for sustainable energy solutions. According to an official statement, this association will pave the way for the formation of a 50:50 joint venture company dedicated to advancing biofuel adoption across the country. : psuwatch.com
Jakson Green to execute world’s first CO2 to ethanol plant in Chhattisgarh
New Delhi : Jakson Green to execute world’s first CO2 to ethanol plant in Chhattisgarh. : Economic Times
KR Fuels receives India’s first approval for two-wheeler LPG retrofitment on BS4 vehicles
New Delhi : KR Fuels receives India’s first approval for two-wheeler LPG retrofitment on BS4 vehicles. : Economic Times
Wartsila launches world’s first large-scale 100% hydrogen-ready engine power plant
New Delhi : Wartsila launches world’s first large-scale 100% hydrogen-ready engine power plant. : Economic Times
China’s LNG Boom Threatened by Growing Menu of Alternative Fuels
New Delhi : Global majors like Shell Plc and TotalEnergies SE have invested billions of dollars in new seaborne gas supply, wagering that consumption in the world’s biggest importer will continue to expand rapidly. : Mint
Parlous state of Indian refining segment threatens clean energy projects
New Delhi : India’s oil ministry made a show of record profitability of state oil marketing companies last fiscal — a performance that had more to do with geopolitics and some luck with global crude oil prices than with management or the government. : Business Standard
Jakson Green bags NTPC bid for project to produce 4G ethanol from flue gas
New Delhi : New energy transition platform Jakson Green on Wednesday said it has bagged an order from state-owned NTPC for setting up a plant to produce 4G ethanol from flue gas. : Business Standard
India Oil inks pact for biofuel joint venture with GPS Renewables
New Delhi : Public sector giant Indian Oil Corporation announced on Wednesday that it has signed an agreement with GPS Renewables Private Limited to form a 50:50 joint venture company dedicated to advancing biofuel adoption across the country. : Sarkaritel.com
Oil touches seven-week high amid demand optimism, war concerns; brent crude at $85.53/bbl
New Delhi : Oil prices reached seven-week highs on Wednesday, driven by optimism about summer demand and concerns over escalating conflicts, despite an industry report indicating an unexpected rise in U.S. crude inventories. : Mint
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On June 19
New Delhi : Petrol, Diesel Prices Today On June 19, 2024: Every day at 6 am, oil marketing companies (OMCs) announce the prices of gasoline and diesel, maintaining consistency despite their inherent volatility. This routine, managed by OMCs, involves adjusting prices in response to global crude oil prices and foreign exchange rate fluctuations. : news18.com
India saves USD 1 bn on LNG imports in April-May this year
New Delhi : With domestic natural gas production rising, India’s natural gas imports have declined, leading to savings of USD 1 billion in April-May period, government data shows. In May, India’s gas imports declined by 7.2 percent year-on-year at 2,650 MMSCM. : psuwatch.com
