12-July-2024
Power
” New Delhi : The Govt. of India appointed Sandeep Kumar as Director (Finance) at Power Finance Corporation Limited (PFC), effective 11 July 2024. Before this appointment, he was Executive Director (Finance) at PFC since 01.01.2020 and is holding the position of Chief Financial Officer (CFO), PFC.” : Sarkaritel.com
” New Delhi : Today, 11.07.24, the Book Fair entered its scintillating seventh day with a steady footfall of visitors. Nearly 15000 students belonging to schools and colleges from near and far visited the Book Fair. The Book Fair continues to draw a large number of the public which is a healthy sign for a community that aspires to equip themselves with knowledge and lead the country to the next level.” : Sarkaritel.com
REC Limited avails 31.96 billion Japanese yen green loan from Deutsche Bank to boost sustainable projects
New Delhi : REC Limited avails 31.96 billion Japanese yen green loan from Deutsche Bank to boost sustainable projects. : Economic Times
Sandeep Kumar appointed as Director (Finance) of PFC
New Delhi : The Government of India has appointed Sandeep Kumar as Director (Finance) at Power Finance Corporation Limited (PFC), effective July 11, 2024. : psuwatch.com
REC Limited Secures Green Loan Facility Of 31.96 Billion Yen From Deutsche Bank AG, GIFT City Branch
New Delhi : Taking a significant step towards sustainable development in India, REC Limited (REC), a leading Indian power sector company, has successfully secured a green loan of JPY 31.96 billion (equivalent to US$200 million) to finance eligible green projects in India. : indianpsu.com
Sandeep Kumar takes over as Director (Finance) of PFC
New Delhi : The Govt. of India appointed Shri Sandeep Kumar as Director (Finance) at Power Finance Corporation (PFC) on July 11, 2024. Earlier , he was the Executive Director (Finance) and CFO at PFC since January 2020. : psuconnect.in
BHEL announces the appointment of Dr. Yogesh R Chhabra as Company Secretary
New Delhi : State-owned BHEL board has announced Dr. Yogesh R Chhabra, Additional General Manager, as the Company Secretary, effective from 11 July 2024. : psuconnect.in
Kalpataru Projects International bags orders worth Rs 2,995 cr
New Delhi : Kalpataru Projects International bags orders worth Rs 2,995 cr. : Economic Times
Solar capacity, EVs, and Nuclear SMRs to get budget boost for energy security
New Delhi : Solar capacity, EVs, and Nuclear SMRs to get budget boost for energy security. : Economic Times
Power minister Manohar Lal reviews Chhattisgarh’s power sector; pushes for cess-free hydro projects
New Delhi : Power minister Manohar Lal reviews Chhattisgarh’s power sector; pushes for cess-free hydro projects. : Economic Times
PM Modi invites Austrian companies to invest in India
New Delhi : PM Modi invites Austrian companies to invest in India. : Economic Times
Renewables growth rate insufficient to reach 2030 target, says IRENA
New Delhi : Renewables growth rate insufficient to reach 2030 target, says IRENA. : Economic Times
Solar capacity, EVs, and Nuclear SMRs to get budget boost for energy security
New Delhi : Solar capacity, EVs, and Nuclear SMRs to get budget boost for energy security. : Economic Times
Delhi’s electricity bills are on the rise: Here’s why you might be paying more
New Delhi : Starting in February, electricity bills in Delhi increased due to a rise in the power purchase adjustment charge (PPAC), depending on the discom supplying the power. : Economic Times
Brookfield invests $200 mn in Leap Green Energy
New Delhi : Canadian asset management firm Brookfield on Thursday announced an equity investment of over $200 million in Tamil Nadu-based renewable energy company Leap Green Energy, with an option to infuse $350 million more in the future. : Mint
India’s Solar Capacity Crosses 85 GW, Installations Pick Pace
New Delhi : India’s Solar Capacity Crosses 85 GW, Installations Pick Pace. : saurenergy.com
EESL To Sell Solar Inverters Online, Issues Tenders For Suppliers
New Delhi : EESL To Sell Solar Inverters Online, Issues Tenders For Suppliers. : saurenergy.com
Godrej Electricals Commissions 12.5 MWp Solar Project In Madhya Pradesh
New Delhi : Godrej Electricals Commissions 12.5 MWp Solar Project In Madhya Pradesh. : saurenergy.com
Power sector Budget wish list: Funds for green energy, more domestic mfg
New Delhi : With India accelerating green energy transition, the energy sector is pinning its hopes on the upcoming Union Budget to catalyse policy support and tax benefits. : Business Standard
Policy support crucial signal of govt’s commitment to 100 pc electrification: Ather Energy CEO
New Delhi : Policy support crucial signal of govt’s commitment to 100 pc electrification: Ather Energy CEO. : Economic Times
Expectations from the renewable sector in the upcoming budget
New Delhi : Expectations from the renewable sector in the upcoming budget. : Economic Times
China building more wind, solar capacity than rest of world combined: report
Beijling : China building more wind, solar capacity than rest of world combined: report. : Economic Times
Power Minister Manohar Lal urges Chhattisgarh not to levy cess on hydro, pump storage projects
New Delhi : Power minister Manohar Lal urged the Chhattisgarh government to not to levy any cess on hydro power projects and pump storage projects as such form of levies adds on to the tariff for the consumers. : Economic Times
Budget 2024: What does India’s power sector expects from FM Sitharaman
New Delhi : Ahead of the Union Budget 2024, reports suggest that the power sector is a priority for the government. The nation’s goals include achieving 500 gigawatts of renewable energy by FY30 and adding 85 GW of thermal power capacity by FY32, according to a report in The Economic Times. : Business Standard
KPIL wins new projects worth INR 2,995 crore
New Delhi : Kalpataru Projects International Ltd (KPIL) announced today it has secured new orders worth INR 2,995 crore ($358.63 million). It has won transmission and distribution (T&D) projects in overseas markets, in addition to an EPC order in the water business and building and factory orders in India. : pv-magazine.com
Hindustan Zinc receives renewable power from Serentica’s 180 MW solar project
New Delhi : Hindustan Zinc, India’s largest and the world’s second-largest integrated zinc producer, announced the commencement of the first phase of renewable energy integration from Serentica Renewables’ Bikaner project in Rajasthan. Serentica is supplying power for Hindustan Zinc’s operational business units in Rajasthan. : pv-magazine.com
Juniper Secures 480 MW Hybrid PPAs From GUVNL And NTPC
New Delhi : Juniper Secures 480 MW Hybrid PPAs From GUVNL And NTPC. : saurenergy.com
REC Gets $200 Mn Loan From Deutsche Bank To Finance RE Projects
New Delhi : REC Gets $200 Mn Loan From Deutsche Bank To Finance RE Projects. : saurenergy.com
NTPC-REL Seek Bids To Develop 795 MW Solar Projects At Khavda
New Delhi : NTPC-REL Seek Bids To Develop 795 MW Solar Projects At Khavda. : saurenergy.com
Adani Green Energy raises $400 mn for its solar power projects in Raj, Guj
New Delhi : Adani Green Energy (AGEL), India’s largest renewable energy firm, has raised $400 million in financing from a consortium of international lenders for its under-construction 750 megawatt (Mw) solar power projects in Rajasthan and Gujarat, the company said in a statement on Wednesday. : Business Standard
Increased electricity charges to cover cost of power purchase: Delhi power department
New Delhi : Amid the power tariff hike controversy, official sources in the power department clarified that there has been no hike in the electricity rates for households in the national capital, but a few additional charges have been added to the electricity bill charged from the consumers. : New Indian Express
Oil and Gas
” New Delhi : The exploration and production (E&P) segment of India’s oil and gas sector will throw up an investment opportunity of at least $100 billion by 2030, Union Petroleum Minister Hardeep Singh Puri said on Thursday.” : Sarkaritel.com
BPCL ITRM Team felicitated with Master of Risk award
New Delhi : BPCL International Trade and Risk Management (ITRM) team has been crowned “Masters of Risk – Large Cap Category” at the prestigious 10th edition of the CNBC TV18 India Risk Management Awards! : psuconnect.in
Reliance Industries’ subsidiary Ethane plans over $500 mn offshore loan
New Delhi : A unit of India’s largest company Reliance Industries Ltd. is planning to borrow at least $500 million to refinance debt, in what could be the conglomerate’s first offshore loan this year. : Business Standard
Bharat Petroleum, Vitol Asia to bid for Sri Lanka LPG terminal
New Delhi : Vitol Asia and Bharat Petroleum are two of the eight bidders vying for Sri Lanka’s state-run LPG company and terminal, as the island nation aims to reduce losses incurred by government-owned enterprises under a $2.9 billion IMF program. : psuconnect.in
BP Energy Outlook: both main scenarios see 2025 oil peak, rapid renewables growth
New Delhi : BP Energy Outlook: both main scenarios see 2025 oil peak, rapid renewables growth. : Economic Times
India’s Nayara Energy offers rare vacuum gasoil cargo for Sept
New Delhi : India’s Nayara Energy offers rare vacuum gasoil cargo for Sept. : Economic Times
Adani Group to commence India’s first transshipment tomorrow; to pave way for future green hydrogen export
New Delhi : Adani Group to commence India’s first transshipment tomorrow; to pave way for future green hydrogen export. : Economic Times
Rajasthan Budget proposes 4 lakh jobs in 5 years, 9 expressways, VAT cut on cooking gas
Jaipur : Rajasthan Budget proposes 4 lakh jobs in 5 years, 9 expressways, VAT cut on cooking gas. : Economic Times
India offers Rs 100 bn investment opportunities in explorations & productions: Oil Minister Hardeep Puri
New Delhi : India offers Rs 100 bn investment opportunities in explorations & productions: Oil Minister Hardeep Puri. : Economic Times
Indian state refiners in talks for long-term oil import deal with Russia, government source says
New Delhi : India’s state-run refiners are jointly negotiating a long-term oil import deal with Russia, a government source aware of the development said on Thursday. : Economic Times
Affordable fuel, not free market doctrine, is priority: Oil Minister Hardeep Puri
New Delhi : The government’s commitment is to make affordable fuel available to consumers rather than uphold free market doctrine, oil minister Hardeep Puri has said, defending a de facto control over pump prices in India over the last two years. : Economic Times
Oil extends gains after US inflation data pushes Wall Street to lift Fed rate cut bets; Brent stays above $85/bbl
New Delhi : Crude oil prices extended gains on Thursday, July 11, keeping the Brent crude benchmark above the $85 per barrel-mark, after Wall Street experts lifted bets on interest rate cuts by the US Federal Reserve. : Mint
Aadhaar-based eKYC for LPG users by OMCs: Here’s all you need to know
New Delhi : Have you recently been asked by your LPG delivery person to verify your identity through Aadhaar-based eKYC? Don’t be alarmed. This process is a part of a broader initiative by state-owned oil companies to ensure that LPG connections are held by legitimate customers. : Business Standard
The Hydrogen Stream: India’s second electrolyzer tender attracts proposals for more than 2.8 GW
New Delhi : India’s second 1.5 GW electrolyzer manufacturing tender under production-linked incentives scheme has attracted bids from 23 companies for a cumulative annual capacity of 2,847 MW. : pv-magazine.com
Govt to form JWG comprising PSUs, private companies to review India’s E&P policies: Puri
New Delhi : Minister for Petroleum and Natural Gas Hardeep Singh Puri announced the formation of a Joint Working Group (JWG) which will review E&P policies and will suggest revisions to enhance ease of doing business. : psuwatch.com
BPCL ready to invest Rs 1 lakh crore in Andhra Pradesh: Industries Minister Bharat
New Delhi : BPCL ready to invest Rs 1 lakh crore in Andhra Pradesh: Industries Minister Bharat. : Economic Times
TruAlt Bioenergy clinches ?390 crore order to supply 6 crore liters of bioethanol
New Delhi : TruAlt Bioenergy clinches ?390 crore order to supply 6 crore liters of bioethanol. : Economic Times
PM Modi invites Austrian companies to invest in India
New Delhi : PM Modi invites Austrian companies to invest in India. : Economic Times
‘From reforms to riches’: India eyes $100 billion E&P sector growth amid policy overhaul
New Delhi : ‘From reforms to riches’: India eyes $100 billion E&P sector growth amid policy overhaul. : Economic Times
Shell, Total, BP take stakes in UAE gas project
New Delhi : Shell, Total, BP take stakes in UAE gas project. : Economic Times
Oil demand growth slowing, China consumption dips: IEA
New Delhi : Oil demand growth slowing, China consumption dips: IEA. : Economic Times
Govt sets up joint working group to boost oil and gas business environment
New Delhi : Govt sets up joint working group to boost oil and gas business environment. : Economic Times
SECI issues green hydrogen tranche-II tender for 450,000 MTPA capacity
New Delhi : SECI issues green hydrogen tranche-II tender for 450,000 MTPA capacity. : Economic Times
Oil Minister Hardeep Puri says India offers Rs 100 bn investment opportunities in explorations & productions
New Delhi : While addressing the ‘Urja Varta 2024’ , Union Minister for Oil and Gas Hardeep Singh Puri said on Thursday that India offers an investment opportunity of at least 100 billion by 2030 in the Exploration and Production of energy. : Economic Times
Policy stability, tax cuts needed for Oil & Gas exploration: Vedanta
New Delhi : India should ensure policy stability and lower taxes to incentivise exploration, a top Vedanta executive has said. “From the government side, we need stability in the contracts,” Steve Moore, deputy CEO of Vedanta’s oil & gas division, told an industry conference. : Economic Times
IEA Cuts 2025 Oil Demand Forecast, Lifts Supply View
New Delhi : IEA Cuts 2025 Oil Demand Forecast, Lifts Supply View. : Mint
India’s E&P sector to offer $100 bn investment opportunity by 2030: Puri
New Delhi : India’s oil and gas exploration and production sector will offer investment opportunities worth $100 billion by the end of this decade, said the Union minister for petroleum and natural gas Hardeep Singh Puri. : Mint
India’s state refiners in talks for long-term oil import deal with Russia
New Delhi : India’s state-run refiners are jointly negotiating a long-term oil import deal with Russia, a government source aware of the development said on Thursday. : Business Standard
Indian refiners likely saved at least $10 bn due to discounted Russian oil
New Delhi : Indian refiners may have been able to save at least $10.5 billion by purchasing Russian oil at discounted prices after the outbreak of the Ukraine war in February 2022. : Business Standard
OMCs, private oil retailers to negotiate long-term oil deal with Russia: Source
New Delhi : State-run Oil Marketing Companies (OMCs) and private sector oil retailers will discuss the finer details of a long-term oil import deal with Russia, said a government source a day after New Delhi and Moscow agreed to explore new long-term oil import contracts during Prime Minister Narendra Modi’s visit. : psuwatch.com
