25-Sep-2024
Power
” New Delhi : Pradip Kumar Das, Chairman & Managing Director, Indian Renewable Energy Development Agency Limited (IREDA), met today with Atul Kumar Goel, MD & CEO of Punjab National Bank (PNB), to discuss enhancing their partnership in renewable energy financing.” : Sarkaritel.com
REC raises $500 mn in foreign debt; Shriram Finance also likely to raise at least $500 mn
New Delhi : Power financier REC Ltd has raised $500 million by selling a five-year bond to investors across the world in a transaction that closed on Monday. The bonds were priced at 127 basis points above the five-year US treasury which was trading at 3.51% on Monday, people familiar with the matter said. : Economic Times
NTPC Green Energy urges Sebi to expedite approval for Rs 10K crore IPO
New Delhi : NTPC Green Energy has nudged market regulator Securities and Exchange Board of India (Sebi) to expedite the approval of its Rs 10,000-crore initial public offering (IPO), said people in the know. : Business Standard
NHPC pays ?338.51 crore final dividend to government for FY24
New Delhi : NHPC pays ?338.51 crore final dividend to government for FY24. : Economic Times
Adani Energy, Adani Green join Utilities for Net Zero Alliance to aid India’s Net Zero goal
New Delhi : Adani Green Energy Ltd (AGEL) and Adani Energy Solutions Ltd on Tuesday said they have joined the Utilities for Net Zero Alliance (UNEZA) to help India accelerate the adoption of renewables and overcome common barriers in the realisation of global Net Zero ambitions. : Sarkaritel.com
Tata Power-DDL receives patent for transformer moisture protection device
New Delhi : Tata Power-DDL receives patent for transformer moisture protection device. : Economic Times
Renewable energy generation v. grid stability – A conflict of objectives?
New Delhi : Renewable energy generation v. grid stability – A conflict of objectives?. : Economic Times
New and Renewable Energy Minister Pralhad Joshi to launch Economic Times Energy Leadership Summit 2024
New Delhi : New and Renewable Energy Minister Pralhad Joshi to launch Economic Times Energy Leadership Summit 2024. : Economic Times
India sets a ?9.15 lakh crore blueprint for power sector to meet 458 GW demand by 2032
New Delhi : India sets a ?9.15 lakh crore blueprint for power sector to meet 458 GW demand by 2032. : Economic Times
India’s power sector has potential of Rs 40 trillion investment over next decade: Motilal Oswal
New Delhi : Power sector in India holds investment opportunities estimated upwards of Rs 40 trillion over the next decade, brokerage Motilal Oswal asserted in a report. : Economic Times
Apraava Energy wins major transmission project in Rajasthan, to evacuate 5.5 GW renewable power
New Delhi : Apraava Energy wins major transmission project in Rajasthan, to evacuate 5.5 GW renewable power. : Economic Times
Power Grid gains 2% on securing transmission system project in Gujarat
New Delhi : Power Grid shares rose 2.3 per cent intraday to register an intraday high of Rs 349 per share on the BSE on Tuesday. : Business Standard
Sterling and Wilson Renewable Energy secures new solar projects totalling 315 MWp
New Delhi : Sterling and Wilson Renewable Energy Ltd (SWREL) has received orders for engineering, procurement and construction of two solar projects totalling 315 MWp. : pv-magazine.com
Surya International to invest in solar module manufacturing in Odisha
New Delhi : Odisha-based Surya International Enterprise will invest INR 80 crore in manufacturing solar modules and related products including energy storage batteries, in Odisha. The project, located in Khurdha, is expected to create 769 jobs. : pv-magazine.com
REC to raise USD 500 mn via global notes
New Delhi : “REC under its USD 10 billion Global Medium Term Note Programme, has priced USD 500 Million, 4.75 per cent Notes, on September 23,2024,” a BSE filing stated. : psuwatch.com
IREDA and PNB leaders discuss enhanced financing for RE projects
New Delhi : In a strategic move aimed at bolstering India’s renewable energy sector, the Indian Renewable Energy Development Agency Limited (IREDA) and Punjab National Bank (PNB) are exploring ways to expand their joint financing efforts. : psuwatch.com
POWERGRID bags contract under TBCB to build Inter State transmission system
New Delhi : State-owned Power Grid has been declared bidder under Tariff based competitive bidding to establish Inter-State transmission system. : psuconnect.in
Coal India, Rajasthan Rajya Vidyut ink JV for thermal and renewable energy projects
New Delhi : Coal India Ltd (CIL) has entered into a joint venture agreement (JVA) with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL) to establish a 2×800 MW brownfield thermal power project at RRVUNL’s existing Kalisindh Thermal Power Station in Rajasthan. : psuconnect.in
BHEL Shines at All India Public Sector Sports Control Board Chess Tournament
New Delhi : BHEL announced its outstanding performance at the prestigious All India Public Sector Sports Control Board Chess Tournament, organized by HPCL in Panaji last week! : psuconnect.in
Improved coal supply and power demand set to raise recovery rates for thermal power sectors: Report
New Delhi : Improved coal supply and power demand set to raise recovery rates for thermal power sectors: Report. : Economic Times
COP28 goals could cut global emissions by 10 billion tonnes with right actions: IEA
New Delhi : COP28 goals could cut global emissions by 10 billion tonnes with right actions: IEA. : Economic Times
India bolsters power grid with 12.8 GW thermal capacity amid rising energy demands
New Delhi : India bolsters power grid with 12.8 GW thermal capacity amid rising energy demands. : Economic Times
L&T bags high voltage grid expansion projects in the Middle East
New Delhi : L&T bags high voltage grid expansion projects in the Middle East. : Economic Times
Apraava Energy bags transmission project in Rajasthan
New Delhi : Apraava Energy on Tuesday said it has secured a new interstate transmission project in Rajasthan. The project has been secured through tariff-based competitive bidding (TBCB) undertaken by the central government, the company said in a statement. : Economic Times
Adani Energy Solutions, Green Energy join Utilities for Net Zero Alliance
New Delhi : Adani Green Energy and Adani Energy Solutions have joined the Utilities for Net Zero Alliance, a joint statement said on Tuesday. : Business Standard
L&T wins Rs 10K-15K cr power transmission, distribution orders in West Asia
New Delhi : Indian construction giant Larsen & Toubro (L&T) on Tuesday said its power transmission and distribution arm has bagged “mega” orders valued between Rs 10,000 to Rs 15,000 crores to expand and strengthen electricity grids in Saudi Arabia and United Arab Emirates. : Business Standard
Sustainiam to manage end-to-end I-REC process for Brookfield’s 400 MW of renewable assets
New Delhi : Sustainiam, a carbon management startup, announced it has onboarded Brookfield’s 400 MW of renewable assets for the registration, issuance, and trading of International Renewable Energy Certificates (I-REC). : pv-magazine.com
Apraava Energy bags its third green energy transmission project in Rajasthan
New Delhi : Apraava Energy has secured a new interstate transmission project in Rajasthan through the government’s tariff-based competitive bidding (TBCB) process. : pv-magazine.com
Apraava Energy bags transmission project in Rajasthan
New Delhi : The project involves the setting up of 200 km of 400 kV (kilovolt) and 765 kV transmission lines, along with a 765/400 kV, 4×1500 and 400/220 kV, 5×500 MVA pooling station. : psuwatch.com
Uttarakhand’s UJVN prepares action plan to double power generation in 8 years
New Delhi : Uttarakhand Jal Vidyut Nigam (UJVN) Ltd has prepared an action plan to double power generation in the state in the next eight years. : psuwatch.com
REC secures $500 million through 5-year bond sale
New Delhi : REC Ltd raised $500 million by selling a five-year bond to investors worldwide in a deal that closed on Monday. According to news reports, the bonds were priced 127 basis points higher than the five-year US Treasury, which traded at 3.51% on Monday. : psuconnect.in
Datta Power Infra’s Arm signs Financing Agreement with REC For Renewable Projects
New Delhi : Datta Power Infra on Monday said its arm Adyant Enersol has signed an agreement with state-owned REC for Rs 1,500 crore financing for 500 MW renewable energy projects. : psuconnect.in
Oil and Gas
” New Delhi : The Sydney-based Lowy Institute has placed India as the third most powerful nation in its Asia Power Index 2024, just behind China and Japan. Union Minister Hardeep Singh Puri welcomed India’s ascent into the select league and credited Prime Minister Narendra Modi’s leadership for propelling the nation to global superpower status.” : Sarkaritel.com
ONGC Videsh inks gas deal in Azerbaijan, Morgan Stanley sees 45% upside
New Delhi : ONGC Videsh, the overseas arm of public sector undertaking Oil and Natural Gas Corporation (ONGC), signed an addendum to the existing Production Sharing Agreement (PSA) for ACG Field in the Azerbaijan sector of the Caspian Sea. : Moneycontrol.com
ONGC Videsh, partners win rights to produce gas from ACG field
New Delhi : State-run energy explorer Oil and Natural gas Corp’s overseas arm ONGC Videsh (OVL) and its partners on Saturday acquired a 25-year right to explore and produce natural gas from BP-operated Azeri-Chirag-Deepwater Gunashli (ACG) field in addition to their decade-old rights of producing oil from the largest oilfield in the Azerbaijan sector of the Caspian basin. : Hindustan Times
Oil demand growth falls 45% till August
New Delhi : India’s oil demand growth has nearly halved this financial year as diesel sales have stagnated. India is the world’s third-largest oil consumer and importer and is key to global oil demand growth. : Economic Times
Oil prices rise 2% to hit 3-week high on China stimulus, supply worries by MidEast conflict; Brent reclaims $75
New Delhi : International crude oil prices climbed two per cent to hit a three-week high on Tuesday, September 24, after the monetary stimulus from China, the world’s top importer, and concerns that conflict in the Middle East could hit regional supply. : Mint
India’s petroleum exports plunge in first five months of FY25 on lower demand, supply disruption
New Delhi : India’s petroleum exports saw a steep decline during the first five months of fiscal year 2025 due to lower demand from key markets and disruptions along the supply route, especially in the Red Sea region. : Mint
Biggest Indian oil and gas bid draws four bidders, Reliance-bp and ONGC joins hand
New Delhi : India’s largest oil and gas bidding round attracted four major players, including state-owned ONGC, OIL, and private-sector Vedanta Ltd. Most of the 28 blocks on offer received only two bids, according to the Directorate General of Hydrocarbons (DGH). : psuconnect.in
Karnataka’s first gas based power plant in Yelahanka expected to produce 370 MW
Bengaluru : Karnataka’s first gas-based power plant, Yelahanka Combined Cycle Power Plant (YCCPP) was inaugurated on Tuesday. The new plant is expected to generate 370.05 GW and was built at an estimated cost of ?2500 crore. : Business Line
TotalEnergies to Supply 200,000 Tons of LNG Annually to HD Hyundai Chemical Until 2033
New Delhi : TotalEnergies has signed a Heads of Agreement (HoA) with HD Hyundai Chemical to deliver 200,000 tons of liquefied natural gas (LNG) annually over a seven-year period, commencing in 2027. : chemengonline.com
Petrol Diesel Price Today 24 September, 2024 in Mumbai, Surat, Kolkata and Bangalore
New Delhi : Petrol, Diesel Price Today 24 Sept 2024: Oil prices were up on Tuesday due to the ongoing tension between Israel and Hezbollah as it can disrupt the production supply in the Middle East. A tropical storm is predicted to strike the US this week. : Financial Express
