02-July-2024
Power
India offers $500 bn investment opportunity in clean energy, time to tap skilled youth
New Delhi : As India begins its ambitious journey towards achieving the target of net zero by 2070, the energy transition efforts in the country offer an immense $500 billion investment opportunity to businesses, billion, especially in the green energy value chain including renewables and electric vehicles (EV), the government said on Monday. : Sarkaritel.com
NTPC achieves 113.87 BU generation in Q1 FY25
New Delhi : NTPC Ltd, India’s largest integrated power utility, recorded a generation of 113.87 billion units (BU) in Q1 FY25, at a growth of 9.5% as compared to the corresponding period of previous year. : Sarkaritel.com
Cochin International Airport to double installed solar capacity in next 5-10 yrs: S Suhas, MD
New Delhi : Cochin International Airport to double installed solar capacity in next 5-10 yrs: S Suhas, MD. : Economic Times
IREDA loan grows manifold to Rs 9,136 crore in April-June
New Delhi : IREDA loan grows manifold to Rs 9,136 crore in April-June. : Economic Times
REC loan sanctions grow 24% to Rs 1.12 lakh crore in Q1; Rs 40K cr for renewables
New Delhi : REC loan sanctions grow 24% to Rs 1.12 lakh crore in Q1; Rs 40K cr for renewables. : Economic Times
NTPC records 9.5 per cent growth in power generation, hits 113.87 billion units in Q1 FY25
New Delhi : NTPC records 9.5 per cent growth in power generation, hits 113.87 billion units in Q1 FY25. : Economic Times
Avaada Energy gets 820 MW hybrid project from SJVN
New Delhi : Avaada Energy gets 820 MW hybrid project from SJVN. : Economic Times
Transforming India’s Power Grid: Highlights from the Transmission & Distribution Conclave 2024
New Delhi : Transforming India’s Power Grid: Highlights from the Transmission & Distribution Conclave 2024. : Economic Times
Maharashtra power utility’s 6600 MW power procurement tender faces regulatory scrutiny
Mumbai : Maharashtra power utility’s 6600 MW power procurement tender faces regulatory scrutiny. : Economic Times
Waaree Energies to supply 900 MW of modules for solar plant in Rajasthan
New Delhi : Waaree Energies to supply 900 MW of modules for solar plant in Rajasthan. : Economic Times
JSW Energy, SJVN sign PPA for 700 MW solar project in Rajasthan
New Delhi : JSW Energy, SJVN sign .PPA for 700 MW solar project in Rajasthan : Economic Times
Adequate coal stock available, can meet 18.5 days’ requirements of thermal power plants: Government
New Delhi : The Centre on Monday said it has adequate coal to meet the requirements of domestic thermal power plants (TTPs). : Economic Times
Peak power demand declines 10% to 206GW as rains hit north India
New Delhi : Heavy rain pounding the northern parts of the country after a spate of heatwave brought down the peak power demand in the past three days, bringing much relief from record consumption. : Economic Times
State-run SJVN’s green energy arm signs deal with AM Green to supply 4.5 GW renewable energy for its ammonia facilities
New Delhi : In what is one of the world’s largest carbon-free green energy supply contract, state-run SJVN’s green energy arm will supply 4.5 gigawatt (GW) of renewable energy to AM Green Ammonia Holdings. : Mint
Coal India’s production grows 8% in April-June
New Delhi : State-run Coal India Ltd (CIL) has reported a near 8% year-on-year increase in coal production for the first quarter of fiscal year 2025 (FY25), reaching 189.3 million tonnes. : Mint
Coal India’s production increases by 8% during the first quarter
New Delhi : National miner Coal India Limited (CIL) posted 8 per cent growth in coal production during the first quarter of the current financial year (FY25). : Business Standard
NTPC board approves raising of INR 12,000 crore via bonds, NCDs
New Delhi : State-owned power producer NTPC announced recently that its board has approved a proposal to raise up to INR 12,000 crore ($1,438.23 million) through the issuance of bonds and non-convertible debentures (NCDs). : pv-magazine.com
Delhi’s Hauz Khas gets grid-connected solar-powered EV charging station
New Delhi : Philipp Ackermann, German Ambassador to India and Bhutan, recently inaugurated a grid-connected solar-powered EV charging station at Hauz Khas Village Parking Station in Delhi. : pv-magazine.com
Avaada Energy gets 820 MW hybrid project from SJVN
New Delhi : Avaada Energy on Monday said it has secured an 820-megawatt hybrid project from state-owned power producer SJVN. : psuwatch.com
India’s power consumption rises nearly 9% to 152.38 billion units in June
New Delhi : India’s power consumption rose by nearly 9 percent to 152.38 billion units (BU) in June compared to the year-ago period mainly due to scorching heat which forced excessive use of cooling appliances like air conditioners and desert coolers. : psuwatch.com
IREDA’s Impressive Q1 FY25 Performance
Mumbai : Indian Renewable Energy Development Agency Ltd. (IREDA) has reported a remarkable performance for the first quarter ended 30th June 2024. According to provisional figures, subject to audit, the company recorded substantial increases in loan sanctions, disbursements, and its loan book. : psuconnect.in
REC Ltd shares surges by 4.8% amid Q1 results, net profit up by 34%
New Delhi : State-owned REC Ltd has continued its growth trajectory and posted yet another quarter with strong operational performance and recorded loan sanctions of Rs 12,747 crore. : psuconnect.in
SJVN Ltd, JSW Energy Signs PPA for 700 MW ISTS-Connected Solar capacity
New Delhi : JSW Renew Energy Limited, a wholly-owned step-down subsidiary of JSW Energy Limited, has signed a Power Purchase Agreement with SJVN Limited for an ISTS-connected solar capacity of 700 MW. The total locked-in capacity of the company stands at 13.9 GW. : psuconnect.in
NTPC achieves 17.15% surge in Coal Despatch and 15% Growth in Coal Production in Q1 FY25
Mumbai : NTPC Ltd., India’s leading integrated power utility, has reported a growth of 17.15% in coal despatch from its captive mines during Q1 FY25, as compared to the corresponding period of previous year. : Sarkaritel.com
Coal stocks at power plants increased by 33 pc to prevent outages in rainy season
New Delhi : The coal stocks at domestic coal-based Thermal Power Plants is currently at 44.46 million tonnes (MT) which is sufficient to meet the requirements for 18.5 days as per the present level of consumption, the Ministry of Coal said on Monday. : Sarkaritel.com
CIL’s Q1 production surges 8pc to 189.3 million tonne in FY’25
New Delhi : CIL’s Q1 production surges 8pc to 189.3 million tonne in FY’25. : Economic Times
NTPC captive coal output grows 15 pc in Q1; despatch rises 17 pc
New Delhi : NTPC captive coal output grows 15 pc in Q1; despatch rises 17 pc. : Economic Times
India’s power consumption rises nearly 9pc to 152.38 billion units in June
New Delhi : India’s power consumption rose by nearly 9 per cent to 152.38 billion units (BU) in June compared to the year-ago period mainly due to scorching heat which forced excessive use of cooling appliances like air conditioners and desert coolers. : Economic Times
ACs, coolers shoot up India’s power usage by 9% to 152.38 bn units in Jun
New Delhi : India’s power consumption rose by nearly 9 per cent to 152.38 billion units (BU) in June compared to the year-ago period mainly due to scorching heat which forced excessive use of cooling appliances like air conditioners and desert coolers. : Business Standard
REC loan sanctions grow 24% to Rs 1.12 trn in Q1; Rs 40k cr for renewables
New Delhi : State-owned REC Ltd on Monday said it sanctioned Rs 1,12,747 crore worth of loans during April-June FY25, posting a year-on-year growth of 24.17 per cent. : Business Standard
Avaada Energy secures Letter of Award for 820 MWp hybrid renewables capacity
New Delhi : Avaada Energy, an arm of Avaada Group, has secured the Letter of Award to develop 820 MWp of hybrid renewable energy capacity connected to the interstate transmission grid. : pv-magazine.com
NTPC power generation grows 9.5% to 114 BUs in Q1 of FY’25
New Delhi : Maharatna Power PSU NTPC Limited on Monday reported a 9.5 percent year-on-year rise in its power generation to 113.87 billion units (BUs) during the quarter ended June 2024. : psuwatch.com
IREDA loan grows manifold to Rs 9,136 crore in Q1 of FY’25
New Delhi : Indian Renewable Energy Development Agency Limited (IREDA) has reported a remarkable performance for the first quarter (Q1) ended June 30. According to provisional figures, subject to audit, the company recorded substantial increases in loan sanctions, disbursements, and its loan book. : psuwatch.com
NTPC achieves 17.15% surge in Coal Despatch and 15% Growth in Coal Production in Q1 FY25
New Delhi : NTPC Ltd., India’s leading integrated power utility, has reported a growth of 17.15% in coal despatch from its captive mines during Q1 FY25, as compared to the corresponding period of previous year. : psuconnect.in
Pradipta Kumar Mishra takes over as Regional ED (WR-II & USSC) of NTPC Nava Raipur
New Delhi : Shri Pradipta Kumar Mishra has taken over as Regional Executive Director (WR-II & USSC) of NTPC Nava Raipur on July 01, 2024. Prior to this, Shri Mishra was Executive Director-Fuel Management, NTPC Corporate Centre. : psuconnect.in
SPVs of Power Finance Corporation to be incorporated as subsidiaries
New Delhi : Special Purpose Vehicles of Power Finance Corporation has been incorporated as wholly owned subsidiaries of PFC Consulting Limited (PFCCL) (a wholly owned subsidiary of Power Finance Corporation Limited (PFC) namely, Chitradurga Bellary Rez Transmission Limited, Bijapur Rez Transmission Limited and Kudankulam ISTS Transmission Limited. : psuconnect.in
Coal Stocks at Domestic Coal Based Thermal Power Plants Sufficient to Meet Requirements of 18.5 Days at Present Level of Consumption
New Delhi : The coal stocks at domestic coal based (DCB) Thermal Power Plants (TPPs) as on 29th June 2024 stands at 44.46 MT which is sufficient to meet requirements of 18.5 days as per present level of consumption. : Sarkaritel.com
Oil and Gas
” New Delhi : South Korean shipbuilder Samsung Heavy Industries said on Monday it has won a 1.4 trillion-won ($1 billion) order to build four liquefied natural gas (LNG) carriers for a Middle Eastern shipper. The vessels will be delivered to the undisclosed shipping company by August 2028, Samsung Heavy Industries said in a regulatory filing.” : Sarkaritel.com
GAIL says Urja Ganga gas pipeline completion delayed to March 2025
New Delhi : The construction of the Rs 12,940-crore ‘Urja Ganga’ gas pipeline, India’s most ambitious project taking environment-friendly fuel to eastern parts of the country, has been delayed by nine months and will now be completed by March 2025, state-owned GAIL (India) Ltd said. : Economic Times
L&T bags project from ONGC
New Delhi : L&T bags project from ONGC. : Economic Times
Reliance can add $100 bn to m-cap: Morgan Stanley
New Delhi : Reliance can add $100 bn to m-cap: Morgan Stanley. : Economic Times
Aramco signs over $25 bln of deals for main gas network and Jafurah gas field
New Delhi : Aramco signs over $25 bln of deals for main gas network and Jafurah gas field. : Economic Times
Oil inches higher on summer demand outlook
New Delhi : Oil inches higher on summer demand outlook. : Economic Times
LPG Price Cut: Commercial LPG cylinder prices slashed yet again, this time by Rs 30
New Delhi : In a bid to ease financial pressures on businesses, oil marketing companies have announced a reduction in the prices of commercial LPG gas cylinders, effective Monday. : Economic Times
ATF price hiked 1.2% after a 6.5% cut seen in June
New Delhi : Jet fuel or ATF price on Monday was hiked by 1.2 per cent while that of commercial LPG used by hotels and restaurants cut by Rs 30 per 19-kg cylinder in line with international oil price trends. : Economic Times
Asia’s first half crude oil imports decline, undermines bullish forecasts
New Delhi : Asia’s imports of crude oil ticked lower in the first half of 2024 from the same period last year, defying expectations that the top-consuming continent would lead global demand growth. : Business Standard
From Jan lows Russian oil rebounds to 45.4% of Indian crude imports in June
New Delhi : New Delhi and Moscow have apparently found a way around Western sanctions, which started escalating since last October on Russian ships and insurance companies, to boost the share of Russian crude oil in India’s crude import basket to a near record in June by around 14 percentage points from a January low. : Business Standard
News updates: Govt raises windfall tax on petroleum crude
New Delhi : The Indian government has raised the windfall tax on petroleum crude to Rs 6,000 ($71.91) per metric ton from Rs 3,250, with effect from July 2, according to a notification issued on Monday. : Business Standard
Petrol and diesel get cheaper in Mumbai metropolitan region from today
Mumbai : Petrol and diesel in the Mumbai metropolitan region have become cheaper from July 1 after the state government has reduced the Value Added Tax (VAT). The VAT reduction is only applicable to the areas of Mumbai, Thane and Navi Mumbai. : cnbc.com
ATF price hiked 1.2%, commercial LPG cut by Rs 30
New Delhi : ATF price hiked 1.2%, commercial LPG cut by Rs 30. : Economic Times
Russia’s Rosneft appoints new boss of flagship Vostok Oil project
New Delhi : Russia’s Rosneft appoints new boss of flagship Vostok Oil project. : Economic Times
Saudi Aramco holds OSPs for LPG in July steady, Sonatrach raises it by 11-18 per cent
New Delhi : Saudi Aramco holds OSPs for LPG in July steady, Sonatrach raises it by 11-18 per cent. : Economic Times
Opinion: Asia’s first half crude oil imports slip, undermining bullish forecasts
New Delhi : Opinion: Asia’s first half crude oil imports slip, undermining bullish forecasts. : Economic Times
China sets up new state body to drill deep for oil and gas reserves
New Delhi : China sets up new state body to drill deep for oil and gas reserves. : Economic Times
World Bank approves USD 1.5 bn to support India’s low-carbon energy sector
New Delhi : World Bank approves USD 1.5 bn to support India’s low-carbon energy sector. : Economic Times
Petrol sales up 4%, diesel 1% in June
New Delhi : Petrol consumption increased 4.2% year-on-year in June while diesel sales expanded 0.7%, according to provisional sales data published by the petroleum and natural gas ministry. : Economic Times
India raises windfall tax on petroleum crude
New Delhi : The Indian government has raised the windfall tax on petroleum crude to Rs 6,000 per metric ton from Rs 3,250, with effect from July 2, according to a notification issued on Monday. : Economic Times
Global Oil Market Dynamics are Shifting in Favour of India’s Energy Plans
New Delhi : Global Oil Market Dynamics are Shifting in Favour of India’s Energy Plans. : Mint
Oil prices rise on OPEC production cuts, summer consumption hopes; Brent rises 0.81% to $85.69 per barrel
New Delhi : Oil prices rose on Monday, fuelled by increasing summer demand optimism and the supply cuts by the Organisation of the Petroleum Exporting Countries (OPEC). : Mint
Oil marketing companies slash commercial LPG cylinder prices by Rs 30
New Delhi : Oil marketing companies on Monday announced a further reduction in the price of 19 kg commercial liquefied petroleum gas (LPG) cylinders. Effective immediately, the cost has been decreased by Rs 30, bringing the new price to Rs 1,646 in Delhi. : Business Standard
Govt raises windfall tax on petroleum crude to Rs 6,000 per metric ton
New Delhi : The Indian government has raised the windfall tax on petroleum crude to Rs 6,000 ($72) per metric ton from Rs 3,250, effective from July 2, a notification issued on Monday showed. : Business Standard
World Bank approves additional $1.5 billion to support India’s green hydrogen, renewable energy push
New Delhi : The World Bank has approved the second round of $1.5 billion loan to help India push its low-carbon energy development. : pv-magazine.com
