18-July-2024
Power
” Kolkata : Union Power Minister Manohar Lal Khattar on Wednesday reviewed the performance of the Damodar Valley Corporation (DVC) here and suggested that it may explore the equity market to raise funds for its future growth plans.” : Sarkaritel.com
” Mumbai : In a significant milestone towards harnessing the power of renewable energy, NHPC Renewable Energy Limited (NHPC REL, a wholly-owned subsidiary of NHPC Limited) and Tata Power Renewable Energy Limited (TPREL) have entered into a strategic partnership to implement Rooftop Solar Projects (RTS Projects) on the government buildings of Central Ministries, States, and UTs, under the ambitious PM Surya Ghar Yojna Scheme aiming to achieve 100% solarisation of government owned buildings by December 2025.” : Sarkaritel.com
PFC’s remarkable 39 Years, CMD Parminder Chopra delivered inspiring inaugural address
New Delhi : Power Finance Corporation marked its 39th Foundation Day on 16th July 2024 at Bharat Mandapam, New Delhi, with esteemed guests Shri Manohar Lal, Hon’ble Cabinet Minister of Power, Shri Shripad Yesso Naik, Hon’ble Minister of State for Power & MNRE, and Shri Pankaj Agarwal, Secretary (Power), Govt. of India. : psuconnect.in
NHPC signs Power Purchase agreement with CSPDCL, Chhattisgarh
New Delhi : A PPA has been signed by NHPC & CVPPL with CSPDCL, Chhattisgarh at Raipur for the purchase of power from 800MW Parbati II & 1856MW Sawalkot & 624MW Kiru HE Projects (for 40 yrs from COD). : psuconnect.in
Expectations on power, energy, and renewable sector in the upcoming Union Budget 2024-25
New Delhi : Expectations on power, energy, and renewable sector in the upcoming Union Budget 2024-25. : Economic Times
Jupiter International secures Rs 300 cr investment from ValueQuest to expand solar cell manufacturing
New Delhi : Jupiter International secures Rs 300 cr investment from ValueQuest to expand solar cell manufacturing. : Economic Times
Tata Power boosts capex to Rs 20,000 crore, focuses on renewable energy and grid enhancement
New Delhi : Tata Power boosts capex to Rs 20,000 crore, focuses on renewable energy and grid enhancement. : Economic Times
CM Sukhu urges PM Modi to support Himachal’s green state initiatives
Shimla : CM Sukhu urges PM Modi to support Himachal’s green state initiatives. : Economic Times
AIPEF demands restoration of old pension scheme for power sector employees
New Delhi : AIPEF demands restoration of old pension scheme for power sector employees. : Assam Times
UAE considers building a second nuclear power plant
Abu Dhabi : UAE considers building a second nuclear power plant. : Economic Times
Global energy leaders target sustainable solutions at BRICS energy partnership forum
New Delhi : Global energy leaders target sustainable solutions at BRICS energy partnership forum. : Economic Times
Waaree Renewable bags 30 MWp solar project in Maharashtra
New Delhi : Waaree Renewable bags 30 MWp solar project in Maharashtra. : Economic Times
NCLT admits GVK Power & Infra with dues of Rs 18k cr to insolvency
Mumbai : The Hyderabad bench of the National Company Law Tribunal (NCLT) has initiated corporate insolvency proceedings against GVK Power & Infrastructure (GPIL) in response to a petition by ICICI Bank and joined by five other banks seeking recovery of about Rs 18,000 crore of dues from the company. : Economic Times
DVC to be corporatised, divided into 3 entities keeping ownership intact
New Delhi : The Damodar Valley Corporation (DVC), the first multipurpose river valley project of independent India, will be corporatised, unbundling into at least three entities for transmission, generation, and distribution to achieve greater efficiency, an official said on Wednesday. : Economic Times
IREDA Eyes FPO by FY25-end,Lower Borrowing Coast, CMD Says
New Delhi : IREDA Eyes FPO by FY25-end,Lower Borrowing Coast, CMD Says. : Mint
Experts predict Budget to boost clean energy investments with new measures
New Delhi : The government is expected to announce a slew of measures in the full Budget for fiscal year 2024-25 to promote investments in the renewable energy space, experts say. : Business Standard
Union Power Minister Visits Damodar Valley Corporation Headquarters
New Delhi : Union Minister of Power and Housing and Urban Affairs, Manohar Lal, made his maiden visit to the headquarters of Damodar Valley Corporation in Kolkata today. : indianpsu.com
Corporate funding in solar sector globally dips 10% to USD 16.6 bn in Jan-Jun
New Delhi : Total corporate funding in the solar sector globally fell by 10 percent to USD 16.6 billion in January-June 2024 due to uncertainties in major markets including the US, according to Mercom Capital. : psuwatch.com
Govt to corporatise DVC, asks PSU to expedite unbundling of 3 biz segments
New Delhi : The government will corporatise Damodar Valley Corporation (DVC), unbundling it into three entities for generation, transmission and distribution, to bring in greater operational efficiency, DVC Chairman S Suresh Kumar said on Wednesday. : psuwatch.com
ADB Approves Support for Rooftop Solar Systems in India
New Delhi : ADB Approves Support for Rooftop Solar Systems in India. : saurenergy.com
Electricity tariff hike: MSMEs unhappy, demand to reduce fixed charges
Chennai : The Micro, Small and Medium Enterprises (MSMEs) are unhappy over the electricity tariff hike for the third time in as many years amid their long pending demand for a reduction of fixed charges. : dtnext.in
Electricity tariff hike: Domestic users to pay 10 to 55 paise more per unit
New Delhi : The energy charges payable by domestic consumers have gone up by 10 paise to 55 paise per unit after the subsidy provided by the state government. : dtnext.in
IREDA to Invest Rs. 290 Crore in Nepal 900 MW Hydro Projects
Mumbai : Indian Renewable Energy Development Agency Limited (IREDA) has decided to invest in a 900 MW Hydroelectric power project in Nepal. The approximately Rs. 290 Crore investment will secure IREDA up to 10% shareholding in GMR Upper Karnali Hydro Power Limited, Nepal and Karnali Transmission Company Pvt. Ltd., Nepal. : Sarkaritel.com
Experts suggest Aadhaar number to better manage recycling of batteries
New Delhi : Experts suggest Aadhaar number to better manage recycling of batteries. : Economic Times
Power minister Manohar Lal pushes for renewable energy expansion in DVC visit
New Delhi : Power minister Manohar Lal pushes for renewable energy expansion in DVC visit. : Economic Times
Hartek Group wins multiple 765kV transmission projects from PGCIL to boost national grid
New Delhi : Hartek Group wins multiple 765kV transmission projects from PGCIL to boost national grid. : Economic Times
JinkoSolar to form JV with Saudi PIF, Vision Industries to build solar cell manufacturing unit
New Delhi : JinkoSolar to form JV with. Saudi PIF, Vision Industries to build solar cell manufacturing unit : Economic Times
US envoy Garcetti visits Adani Group’s mega renewable energy project site in Gujarat
New Delhi : US envoy Garcetti visits Adani Group’s mega renewable energy project site in Gujarat. : Economic Times
Slew of measures expected in Budget to promote investments in clean energy sector: Experts
New Delhi : Slew of measures expected in Budget to promote investments in clean energy sector: Experts. : Economic Times
Tata Power boosts capex to Rs 20,000 crore, focuses on renewable energy and grid enhancement
New Delhi : Tata Power boosts capex to Rs 20,000 crore, focuses on renewable energy and grid enhancement. : Economic Times
Tata Power plans ?20k cr capex in FY25: Natarajan Chandrasekaran
New Delhi : Tata Power plans to invest ?20,000 crore this financial year to further the company’s renewable energy portfolio, and transmission and distribution businesses, said Natarajan Chandrasekaran, chairman. : Economic Times
DVC to be corporatised, divided into 3 entities keeping ownership intact
New Delhi : The Damodar Valley Corporation (DVC), the first multipurpose river valley project of independent India, will be corporatised, unbundling into at least three entities for transmission, generation, and distribution to achieve greater efficiency, an official said on Wednesday. : Business Standard
NITI AAYOG TO RELEASE REPORT ON ‘ELECTRONICS: POWERING INDIA’S PARTICIPATION IN GLOBAL VALUE CHAINS’ TOMORROW
New Delhi : NITI Aayog will unveil its report titled “Electronics: Powering India’s Participation in Global Value Chains” tomorrow on 18 July, 2024. This report is the outcome of extensive analysis of India’s electronics sector including its scopes and challenges. : globalgreenews.com
IREDA announces Rs 290 crore investment in 900 MW hydroelectric projects in Nepal
New Delhi : Indian Renewable Energy Development Agency Limited (IREDA) has decided to invest in a 900 MW Hydroelectric power project in Nepal. : psuwatch.com
Goyal calls for collaboration in smooth supply of critical minerals, semicon, pharma, green energy
New Delhi : The Commerce and Industry Minister Piyush Goyal has called for enhancing collaborations among trusted partner countries for smooth supply of critical minerals, semiconductors, pharmaceuticals, and green energy, an official statement said on Wednesday. : psuwatch.com
NHPC subsidiary sign agreement with Tata Power Renewable Energy
New Delhi : In a significant milestone towards harnessing the power of renewable energy, NHPC Renewable Energy Limited (a wholly-owned subsidiary of NHPC Limited) & Tata Power Renewable Energy Limited have entered into a strategic partnership to implement Rooftop Solar Projects. : psuconnect.in
GRID-India Strengthening Energy Partnerships
New Delhi : GRID-INDIA’s delegation is in Tanzania for two weeks, gathering insights from key energy stakeholders—policymakers, regulators, utilities, academics, and the private sector to identify needs and best practices, also strengthening energy partnerships. : psuconnect.in
SECI Discovers Rs 3.41 Price In 1200 MW Solar Plus ESS Tender
New Delhi : SECI Discovers Rs 3.41 Price In 1200 MW Solar Plus ESS Tender. : saurenergy.com
GUVNL Floats Tender For 500 MW Wind Project With GreenShoe Option
New Delhi : GUVNL Floats Tender For 500 MW Wind Project With GreenShoe Option. : saurenergy.com
Oil and Gas
Mr Arvind Kumar takes over Office of Director Refineries, IndianOil
New Delhi : Mr. Arvind Kumar takes over the office of Director (Refineries), IndianOil. Mr. Kumar brings a wealth of experience and strategic insight to his new role, following a distinguished tenure as the Managing Director of Chennai Petroleum Corporation Limited (CPCL), a Government of India enterprise and a group company of IndianOil. : psuconnect.in
OVL, Oil India may Join Forces Again to Bid for New Bangladesh Offshore Blocks
New Delhi : OVL, Oil India may Join Forces Again to Bid for New Bangladesh Offshore Blocks. : Mint
Statiq and BPCL team up to power 2,800 new EV chargers across India
New Delhi : Statiq and BPCL team up to power 2,800 new EV chargers across India. : Economic Times
Arvind Kumar takes over as Director (Refineries) of Indian Oil
New Delhi : Arvind Kumar has taken over as Director (Refineries) of Indian Oil, the oil Maharatna said in an official statement on Wednesday. Before this, he was serving as the Managing Director of Chennai Petroleum Corporation Limited (CPCL) and a group company of Indian Oil. : psuwatch.com
Climate change risk stirs oil market
New Delhi : Climate change risk stirs oil market. : Economic Times
EU’s green hydrogen goals not realistic, say auditors
New Delhi : EU’s green hydrogen goals not realistic, say auditors. : Economic Times
Crude oil prices steady amid falling US inventories, China concerns
New Delhi : Oil prices were steady on Wednesday, a day after benchmark Brent hit a one-month low, as a decline in U.S. oil stockpiles helped offset signs of weakening demand in China. : Business Standard
Oil tanker sinks off Oman coast; 13 Indians among 16 missing crew
New Delhi : Oil tanker sinks off Oman coast; 13 Indians among 16 missing crew. : Economic Times
Opinion: China’s oil sector is weak, with rising crude inventories
New Delhi : Opinion: China’s oil sector is weak, with rising crude inventories. : Economic Times
Indian oil PSU’s have global presence with net investments of $40.6 billion, across 21 countries, says Hardeep Puri
New Delhi : Union Minister for Petroleum and Natural Gas Hardeep Singh Puri reviewed the overseas assets of India’s energy sector which include the foreign branches of Indian PSUs. They include majorly ONGC Videsh Ltd (OVL), Indian Oil Corporation Ltd (IOCL), Oil India Ltd (OIL), Bharat PetroResources Ltd (BPRL), GAIL India, and Prize Petroleum Corporation Ltd (PPCL). : Economic Times
Consumption of natural gas rises 7.1% YoY in June
New Delhi : Domestic natural gas consumption increased 7.1% year-on-year in June, aided by an 11.3% surge in imports. India imported 2,648 million metric standard cubic metres (MMSCM) of liquefied natural gas (LNG) in June, according to the petroleum and natural gas ministry data. : Economic Times
India signing headquarters deal with Global Biofuels Alliance, paves way for its diplomatic, int’l organisation status
New Delhi : The Global Biofuels Alliance (GBA), launched by key G20 members including India, the US and Brazil in September 2023, is all set to get its diplomatic status, with the Indian government likely to sign a headquarters agreement with the agency soon, said two people aware of the matter. : Mint
LNG imports clock 11.3% growth in June, but Q1 growth remains tepid
New Delhi : On account of increased demand from the power sector, Liquefied Natural Gas (LNG) import for the month of June was 11.3 percent higher on a year-on-year basis, government data shows. : psuwatch.com
Ethanol blending with petrol touches 15.9% in June
New Delhi : Ethanol blending with petrol has touched 15.9 percent for the first time in June, according to official figures. : psuwatch.com
