04-Oct-2024
Power
” Kathamandu, Nepal : In the first such cross-border energy trade pact, a long-awaited tripartite power sales agreement (PSA) among India, Nepal and Bangladesh was signed on Thursday here.” : Sarkaritel.com
” New Delhi : NTPC Talcher Thermal reaffirmed its commitment to a cleaner and greener environment by organizing a vibrant Swachhata Pakhwada from September 14 to October 2, 2024.” : Sarkaritel.com
” New Delhi : In a boost to India’s commitment towards sustainable development, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday gave the nod for the country joining the “International Energy Efficiency Hub”.” : Sarkaritel.com
” Ahmedabad : The Adani Group and Google on Thursday announced a collaboration that will advance the companies’ collective sustainability goals and add more clean energy to the national grid. The Adani Group will supply clean energy from a new solar-wind hybrid project located in the world’s largest renewable energy plant at Gujarat’s Khavda.” : Sarkaritel.com
Reliance Group, Druk Holding sign pact to develop 1,270 MW renewable energy projects in Bhutan
New Delhi : Reliance Group, Druk Holding sign pact to develop 1,270 MW renewable energy projects in Bhutan. : Economic Times
Goldi Solar to reach 14-GW solar module mfg capacity by FY26: Ishver Dholakiya, MD
New Delhi : Goldi Solar to reach 14-GW solar module mfg capacity by FY26: Ishver Dholakiya, MD. : Economic Times
PowerGrid CMD met Rajasthan CM at Rising Rajasthan CPSE Conference, New Delhi
New Delhi : Shri R. K. Tyagi, CMD POWERGRID met Shri Bhajanlal Sharma, Hon’ble Chief Minister (Rajasthan), Col. Rajyavardhan Singh Rathore, Hon’ble Cabinet Minister of Industry & Commerce, Govt. of Rajasthan, and senior officials of Govt. of Rajasthan at Rising Rajasthan CPSE Conference held at New Delhi. : psuconnect.in
Alpex Solar to invest Rs 642 cr for 1.6-GW solar cell manufacturing capacity
New Delhi : Alpex Solar to invest Rs 642 cr for 1.6-GW solar cell manufacturing capacity. : Economic Times
THDCIL to invest Rs 8,800 cr in pumped storage projs in Rajasthan: CMD Vishnoi
New Delhi : THDCIL to invest Rs 8,800 cr in pumped storage projs in Rajasthan: CMD Vishnoi. : Economic Times
Adani Group seeks to invest $900 million in Tanzania power lines
New Delhi : Tanzania is in talks with the Adani Group for a $900 million public-private partnership project to construct high-voltage power lines, according to an official of the east African nation. : Economic Times
Russia sets coal mining, new energy ambition in India
New Delhi : Russia is eyeing the huge potential in increasing presence in coal mining opportunities and engaging in new energy projects in India, Alexander Novak, deputy prime minister of the Russian Federation, told ET. : Economic Times
Adani and Google announce collaboration to boost clean energy in India
New Delhi : The Adani Group and Google announced a partnership aimed at enhancing their sustainability efforts and contributing to the growth of clean energy in India. : Business Standard
Reliance Power to raise Rs 4,198 crore through convertible bonds
New Delhi : The board of directors of Reliance Power has approved plans to raise Rs 4,198 crore through foreign currency convertible bonds (FCCBs), to be issued to affiliates of Värde Investment Partners, a Singapore-based global alternative investment firm, according to a company press release. : Business Standard
Adani solar-wind project to power Google operations in India
New Delhi : The Adani Group announced this week its collaboration with Google to decarbonize Google’s operations in India. Under the partnership, Adani will supply clean energy from a new solar-wind hybrid project located in the world’s largest renewable energy plant at Khavda, Gujarat. : pv-magazine.com
Nepal, India, Bangladesh sign tripartite agreement to facilitate cross-border electricity trade
New Delhi : Nepal, India and Bangladesh on Thursday signed a long-awaited tripartite agreement to facilitate cross-border electricity trade, officials said. : psuwatch.com
UPERC Approves 100 MW Renewable PPA between NPCL And SJVNL
New Delhi : Uttar Pradesh Electricity Regulatory Commission (UPERC) has approved the power sale agreement (PSA) for Noida Power Company (NPCL) to procure from intermediary procurer SJVN 100 MW firm and dispatchable power from ISTS-connected renewable energy projects with energy storage systems developed by Tata Power Renewable Energy. : psuconnect.in
JSW Energy Receives Letter of Intent for 1,500 MW, 12,000 MWh Pumped Hydro Storage
New Delhi : JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited has received a Letter of Intent (‘LoI’) for procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage from Maharashtra State Electricity Distribution Company Ltd (‘MSEDCL’). : psuconnect.in
RERC Notifies Draft Green Energy Open Access Regulations 2024
New Delhi : RERC Notifies Draft Green Energy Open Access Regulations 2024. : saurenergy.com
REC prices to drop by 76% by 2050 amid oversupply: Report
New Delhi : REC prices to drop by 76% by 2050 amid oversupply: Report. : Economic Times
NTPC generates 219.94 billion units in H1 FY25, records 3.91% growth
New Delhi : NTPC generates 219.94 billion units in H1 FY25, records 3.91% growth. : Economic Times
Cyclones, heatwaves push up insurance cost for India’s wind power projects
New Delhi : Extreme climate events have impacted India’s wind energy sector, leading to damages and increased insurance costs. : Mint
Adani Group plans to invest $900 mn in Tanzania power lines in PPP mode
New Delhi : Tanzania is in talks with the Adani Group for a $900 million public-private partnership project to construct high-voltage power lines, according to an official of the east African nation. : Business Standard
Adani to hit 10 GW of solar cell, module manufacturing capacity by mid 2026
New Delhi : Adani Solar, the PV unit of Adani Group, will reach integrated solar cell and module production capacity of 10 GW by mid 2026, earlier than its previous timeline of 2027, Rahul Bhutiani, senior vice president-head sales & marketing at Adani Solar, told pv magazine on the first day of Renewable Energy India (REI) Expo 2024 in Greater Noida. : pv-magazine.com
Rajasthan to see investments worth Rs 5 lakh crore in energy sector over next 5 years: MoS HL Nagar
New Delhi : Rajasthan is expected to attract investments worth Rs 5 lakh crore in the energy sector over the next five years, Minister of State Heera Lal Nagar said on Thursday. : psuwatch.com
Reliance Power board approves fundraising of $500 million via bonds
New Delhi : The board of directors of Reliance Power on Thursday approved a proposal to raise up to USD 500 million (about Rs 4,198 crore) through issuance bonds. : psuwatch.com
NTPC Kaniha Quality Circles shine
New Delhi : Four Quality Circles(QC) s of NTPC Kaniha have been conferred Gold Awards at various QC chapter conventions. QC “Energy” of EMD Department has won the Gold award at QC convention of Varanasi(UP) chapter on September 29. : psuconnect.in
REC Q2 FY24 report, Loan disbursements rise 13.7%
New Delhi : REC Limited has recently reported robust performance for the second quarter and first half of the fiscal year 2024-25. : psuconnect.in
THDCIL plans to invest Rs 8,800 cr in pumped storage projects in Rajasthan
New Delhi : State-owned THDCIL has signed an agreement with the Rajasthan government to establish 1,600 MW of pumped storage projects, with an investment of Rs 8,800 crore. : psuconnect.in
Power demand in India declines for 2nd month in a row amid surplus rainfall
New Delhi : As key states get surplus rainfall, power demand in India declined for the second month in a row in September to an estimated 141 billion units (BUs), down 0.3 per cent on-year, according to a report on Thursday. : Sarkaritel.com
September rain cooled India’s power demand for second consecutive month, Crisil says
New Delhi : Power demand declined for the second consecutive month in September after key states received above-normal rainfall, while the share of hydropower generation in India’s energy basket rose, strengthening coal stockpiles, according to ratings company Crisil. : Mint
Oil and Gas
” New Delhi : Mangalore Refinery and Petrochemicals Limited (MRPL) has been awarded the Mahatma Award 2024 for HR Excellence and Social Impact.” : Sarkaritel.com
” New Delhi : Marking a key milestone in the India-Nepal energy partnership, the Indian Oil Corporation (IOC) on Thursday signed a business-to-business (B2B) framework agreement with the Nepal Oil Corporation (NOC).” : Sarkaritel.com
PM inaugurates GAIL’s CBG Plant in Ranchi
New Delhi : Prime Minister Narendra Modi inaugurated GAIL (India) Limited’s Compressed Bio Gas (CBG) plant in Ranchi, Jharkhand on October 2. : psuwatch.com
BPCL signs MoU with Mumbai Port to develop green fuel ecosystem
New Delhi : BPCL signs MoU with Mumbai Port to develop green fuel ecosystem. : Economic Times
MRPL Honored with Prestigious Mahatma Award 2024
New Delhi : Mangalore Refinery and Petrochemicals Limited (MRPL) has been awarded the Mahatma Award 2024 for HR Excellence and Social Impact. This accolade recognizes MRPL’s pioneering initiatives in Human Resource Management and its significant contributions to social development. : psuconnect.in
Indian Oil inks pact with Nepal Oil Corp to develop petroleum pipelines in Nepal
New Delhi : State-run Indian Oil Corporation (IOC) and Nepal Oil Corporation (NOC) have signed an agreement for the development of critical petroleum infrastructure projects in Nepal. : psuwatch.com
BPCL signs initial pact with Mumbai Port to set up green fuel ecosystem
New Delhi : State-owned BPCL has inked an initial pact with Mumbai Port Authority and Mumbai Port Sustainability Foundation (MPSF) for setting up a green fuel ecosystem at the port. : Business Standard
Oil India committed to establish 25 CBG Plants by 2025
New Delhi : In close coordination with the Ministry of Petroleum and Natural Gas, Government of India, Oil India Ltd is committed to establishing 25 Compressed Bio-Gas (CBG) plants by 2024-25. : psuconnect.in
PM Modi virtually inaugurates gaushala with Bio-CNG plant in Gwalior
New Delhi : PM Modi virtually inaugurates gaushala with Bio-CNG plant in Gwalior. : Economic Times
Oil rises 2% amid concerns over Middle East supply disruptions; brent crude at $75.42/bbl
New Delhi : Oil prices increased on Thursday as investors grew concerned that an escalating conflict in the Middle East could potentially disrupt crude oil shipments from the region. : Mint
EET Fuels secures $650 mn financing facilities for decarbonisation plans
New Delhi : EET Fuels, owner of UK’s Stanlow oil refinery, on Thursday said it has secured $ 650 million in financing and trade credit financing facilities for its decarbonisation plans. : Business Standard
PM Narendra Modi inaugurates GAIL’s CBG Plant in Ranchi
New Delhi : Prime Minister Shri Narendra Modi today inaugurated GAIL (India) Limited’s Compressed Bio Gas (CBG) plant in Ranchi, Jharkhand through virtual mode during a ceremony organized at Vigyan Bhawan, New Delhi to mark Swachh Bharat Diwas, 2024. : psuconnect.in
Bhubaneswar witnesses drop in Petrol, Diesel prices today, Check rates on Oct 3
Bhubaneswar : The petrol and diesel prices have dropped in the last 24 hours in the Capital City of Odisha, Bhubaneswar. On October 3, 2024, the price of petrol has been recorded at Rs 101.06 per litre, while diesel cost is recorded at Rs 92.64 per litre. : kalingatv.com
EET Fuels agrees on $650 million financing facilities
New Delhi : EET (Essar Energy Transition) Fuels, owner of the Stanlow refinery in the UK, announced it has successfully agreed to $650 million in receivable financing and trade credit financing facilities in this quarter. This demonstrates market confidence in the Company’s decarbonisation strategy. : Sarkaritel.com
Global hydrogen production set to surge despite uncertainties: IEA
New Delhi : Global hydrogen production set to surge despite uncertainties: IEA. : Economic Times
PM Modi unveils four bio-gas units in Assam
New Delhi : PM Modi unveils four bio-gas units in Assam. : Economic Times
Gases carbon dioxide, hydrogen peroxide detected on Pluto’s largest moon
New Delhi : Gases carbon dioxide, hydrogen peroxide detected on Pluto’s largest moon. : Economic Times
Essar Energy Transition Fuels agrees $650-mn financing facilities
Mumbai : Essar Energy Transition Fuels agrees $650-mn financing facilities. : Economic Times
Oil rises as Middle East conflict deepens, gains capped by global supply outlook
New Delhi : Oil rises as Middle East conflict deepens, gains capped by global supply outlook. : Economic Times
Nigeria Proposes New Tax Incentives to Attract Gas Investors
New Delhi : Nigeria hopes to attract as much as $10 billion of new investments in deep-water gas exploration through tax breaks and other measures proposed in a new policy framework for the industry, according to a government official. : Mint
Oil prices jump 5% on concerns over West Asia, say reports
New Delhi : Oil prices jump 5% on concerns over West Asia, say reports. : Business Standard
BPCL Joins Forces with Mumbai Port Authority to Establish India’s First Green Fuel Ecosystem
New Delhi : Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune Global 500 Company, has signed a landmark Memorandum of Understanding (MoU) with Mumbai Port Authority (MbPA) and Mumbai Port Sustainability Foundation (MPSF) to establish a state-of-the-art green fuel ecosystem at Mumbai Port. : psuconnect.in
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On October 3
New Delhi : Petrol, Diesel Prices Today On October 3, 2024: Every day at 6 a.m., oil marketing companies (OMCs) announce the price of petrol and diesel, maintaining consistency despite these commodities’ inherent volatility. : news18.com
