16-Oct-2024
Power
” New Delhi : The MoU was signed by Manoj Rana, CEO of PFCCL, and Rakesh Kumar, Secretary of CEA, in the presence of Rajiv RanjanJha, Director (Projects) of PFC, Praveen Gupta, Member (Thermal) of CEA, Ajay Talegaonkar, Member (E&C) of CEA, and Senior officials of CEA and PFCCL.” : Sarkaritel.com
” New Delhi : REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over a project specific SPV (Special Purpose Vehicle). viz, Rajasthan-IV H-1 Power Transmission Limited to M/s Power Grid Corporation of India Limited (PGCIL) on 15th October 2024 at Gurugram.” : Sarkaritel.com
Adani Green Energy to defer $1.2 bn 20-year notes to after US elections
New Delhi : Adani Green Energy Ltd (AGEL), Adani Group’s renewable arm and India’s largest renewable energy company, has deferred its $1.2 billion IG rated offering to after the US presidential elections on account of weak market conditions. : Sarkaritel.com
India’s renewable investments hit ?8.5 lakh crore, MNRE eyes 500 GW capacity by 2030
New Delhi : India’s renewable investments hit ?8.5 lakh crore, MNRE eyes 500 GW capacity by 2030. : Economic Times
India targets 500 GW renewable energy by 2030, plans ?9.15 lakh crore investment in transmission
New Delhi : India targets 500 GW renewable energy by 2030, plans ?9.15 lakh crore investment in transmission. : Economic Times
Avaada Energy secures ?597 crore refinancing for solar projects
New Delhi : Avaada Energy secures ?597 crore refinancing for solar projects. : Economic Times
RECPDCL hands over Rajasthan Power Transmission SPV to Power Grid Corporation
New Delhi : RECPDCL hands over Rajasthan Power Transmission SPV to Power Grid Corporation. : Economic Times
Adani Energy Solutions acquires 2 SPVs from PFCCL
New Delhi : Adani Energy Solutions Ltd (AESL) on Tuesday said it has acquired two project special purpose vehicles from PFC Consulting Ltd for cash consideration of about Rs 38 crore. : Economic Times
Imported coal-based power units to run at full steam till Dec 31
New Delhi : The Centre has extended the direction for imported coal-based power plants to run at full capacity till December 31, two senior government officials said. : Economic Times
India Is Finally Becoming a Clean Energy Superpower
New Delhi : It’s better to under-promise and over-deliver. India’s clean power industry is finally making good on that dictum. : Mint
Avaada Energy closes Rs 597 crore refinancing for solar projects
New Delhi : Avaada Energy, an arm of Avaada Group, said it has closed approximately Rs 597 crore ($71.1 million) in refinancing for its commercial and industrial (C&I) solar projects in the states of Karnataka and Maharashtra. : Business Standard
India emerging as clean energy superpower, delivering beyond expectations
New Delhi : For several years, the country has fallen well short of the rosy visions proclaimed by its leaders. India should become the first major economy to industrialise without carbonizing, to paraphrase its Group of 20 sherpa Amitabh Kant. : Business Standard
Nepal, Bhutan seek Indian investment in hydro projects, power export
New Delhi : Nepal and Bhutan are seeking Indian investment to boost their hydroelectric output and export surplus power to New Delhi, officials from the two countries said on Tuesday at an industry event. : Business Standard
Avaada Energy closes INR 597 crore refinancing for C&I solar projects
New Delhi : Avaada Energy, a renewable power generation arm of Avaada Group, has announced the closure of around INR 597 crore ($71.1 million) in refinancing for its commercial & industrial (C&I) solar projects in the states of Karnataka and Maharashtra. : pv-magazine.com
PM Surya Ghar Yojana: A game changer for residential rooftop solar uptake in India
New Delhi : The launch of Pradhan Mantri Surya Ghar Yojana (PMSGY) is a quantum leap towards India’s bright solar future, increasing the country’s rooftop solar capacity by more than 50% in just six months, says a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analysis. : pv-magazine.com
PFC Consulting Limited (PFCCL) Signs Memo MoU with Central Electricity Authority (CEA)
New Delhi : PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited, has entered into a Memorandum of Understanding (MoU) with the Central Electricity Authority (CEA) on October 14, 2024. : globalgreenews.com
RECPDCL Hands Over Rajasthan-IV H-1 Power Transmission Limited to PowerGrid
Gurgoan, Haryana : REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over a project specific SPV (Special Purpose Vehicle). viz, Rajasthan-IV H-1 Power Transmission Limited to Power Grid Corporation of India Limited (PGCIL) on 15 th October 2024 at Gurugram. : psuconnect.in
ITC Commissions Second Offsite Solar Plant in Karnataka
New Delhi : ITC Commissions Second Offsite Solar Plant in Karnataka. : saurenergy.com
India crosses 200 GW in renewable energy, now 46% of total power capacity
New Delhi : India crosses 200 GW in renewable energy, now 46% of total power capacity. : Economic Times
Global South drives cleantech surge with 87% of power investment now in renewables
New Delhi : Global South drives cleantech surge with 87% of power investment now in renewables. : Economic Times
India needs $50 billion annually for energy transition: PSA Ajay Kumar Sood
New Delhi : India needs $50 billion annually for energy transition: PSA Ajay Kumar Sood. : Economic Times
ALMM order clarification: No impact on projects with prior approvals, says MNRE
New Delhi : ALMM order clarification: No impact on projects with prior approvals, says MNRE. : Economic Times
CIL goes digital: Launches first-ever paperless FSA signing for power and industrial sectors
New Delhi : CIL goes digital: Launches first-ever paperless FSA signing for power and industrial sectors. : Economic Times
RECPDCL hands over Rajasthan-IV H-1 power transmission to Power Grid Corporation
New Delhi : State-owned REC Ltd on Tuesday said its arm REC Power Development and Consultancy Lted (RECPDCL) has handed over Rajasthan-IV H-1 Power Transmission Ltd, a project special purpose vehicle (SPV) to Power Grid Corp. : Economic Times
Adani Power, Jindal Power, Vedanta, four others in race for Sinnar thermal plant
Mumbai : India’s largest private sector power producer Adani Power Ltd, Naveen Jindal’s Jindal Power Ltd, commodities company Vedanta Group, Kolkata-based Orissa Metaliks Pvt Ltd and Varde Partners’ Singapore-based arm VFSI Holdings Pte are among seven companies that have made a formal bid to take over the distressed 1,350 MW Sinnar Thermal Power Sinnar Thermal Power Ltd. : Economic Times
India targets 35% increase in power transmission capacity by FY32 end
New Delhi : India is targetting a transmission line capacity of 650,000 circuit km by the end of FY32 as per the National Electricity Plan 2022-32 released by the Central Electricity Authority Monday. : Economic Times
Sterling & Wilson Renewable Energy Q2 results: profit at ?7.05Cr, Revenue increased by 35.68% YoY
New Delhi : Sterling & Wilson Renewable Energy Q2 Results Live : Sterling & Wilson Renewable Energy declared its Q2 results on 14 October 2024, showcasing a significant turnaround with a profit of ?7.05 crore. : Mint
Permits put on hold for planned pipeline to fuel a new Tennessee natural gas power plant
New Delhi : A federal appeals panel has temporarily halted two permits needed to begin construction on a pipeline project in Tennessee that will supply a natural gas plant. : Mint
Gautam Solar plans Rs 1,000 crore IPO to expand manufacturing capacity
New Delhi : Gautam Solar on Tuesday said it plans to raise Rs 1,000 crore through Initial Public Offerings (IPO) in next 12 to 18 months in order to fund its 2 GW solar cell manufacturing project. : Business Standard
Adani Energy Solutions acquires 2 SPVs from PFCCL for about Rs 38 cr
New Delhi : Adani Energy Solutions Ltd (AESL) on Tuesday said it has acquired two project special purpose vehicles from PFC Consulting Ltd for cash consideration of about Rs 38 crore. : Business Standard
ITC commissions 9.45 MW offsite solar plant for self-consumption
New Delhi : ITC Ltd, one of India’s leading multi-business conglomerates, has recently commissioned its second offsite solar plant in Karnataka. : pv-magazine.com
RECPDCL hands Over Rajasthan-IV H-1 Power Transmission Limited to M/s Power Grid Corporation of India Limited
New Delhi : REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over a project specific SPV (Special Purpose Vehicle). : globalgreenews.com
RECPDCL Hands Over Rajasthan-IV H-1 Power Transmission Limited To PGCIL
New Delhi : REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over a project specific SPV (Special Purpose Vehicle). : indianpsu.com
PFC Consulting Limited Signs MoU with Central Electricity Authority
New Delhi : PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited, has entered into a Memorandum of Understanding (MoU) with the Central Electricity Authority (CEA) on October 14, 2024. : psuconnect.in
KPI Green Energy Ltd Signs PPA for 620MW for grid connected Solar, Hybrid RE projects
New Delhi : KPI Green Energy Limited has signed Power Purchase Agreements with Gujarat Urja Vikas Nigam Limited (‘GUVNL’) for 620MWAC (917MWDC) renewable energy projects. : psuconnect.in
National Electricity Plan aims to meet rising power demand, RE of 500GW by 2030
New Delhi : The Central Electricity Authority (CEA) has prepared a detailed National Electricity Plan (NEP) intending to achieve 500 GW of installed renewable energy capacity by 2030 and 600 GW by 2032. : psuconnect.in
CMD, IREDA Outlines Path to Achieving India’s Energy Transition Goals by 2047
New Delhi : Shri Pradip Kumar Das, Chairman & Managing Director, Indian Renewable Energy Development Agency Limited (IREDA), participated in two panel discussions today at the Brainstorming Conclave organized by the Central Electricity Authority (CEA). : psuconnect.in
Oil and Gas
” Mumbai : In a landmark step towards fostering sustainable energy solutions in India, IndianOil, the ‘Energy of India’, has entered into a Joint Venture Agreement with EverEnviro Resource Management Pvt. Ltd., a leading biofuels company in the country.” : Sarkaritel.com
” New Delhi : Hindustan Petroleum Corporation Limited (HPCL) made a significant impact at the National Highways Authority of India (NHAI) exhibition, held in conjunction with the launch of the Humsafar Policy by Minister of Road Transport and Highways, Nitin Gadkari, in Delhi.” : Sarkaritel.com
IndianOil, EverEnviro join hands for biofuel push with 50:50 JV
New Delhi : IndianOil, EverEnviro join hands for biofuel push with 50:50 JV. : Economic Times
Indian Oil partners with EverEnviro for joint compressed biogas venture
New Delhi : Indian Oil will form an equal joint venture with EverEnviro Resource Management Pvt. Ltd to set up compressed biogas (CBG) plants. : Economic Times
Gadkari reviews industry’s preparedness for launch of ethanol and flex fuel vehicles
New Delhi : Minister for road transport and highways Nitin Gadkari has asked automobile manufacturers to look into ways of making ethanol and flex fuels more acceptable to the public, citing Brazil’s successful integration of biofuels in its transportation systems. : Mint
India and UAE on track to hit $100 mn in non-oil trade by 2030, says commerce ministry
New Delhi : India and the United Arab Emirates (UAE) are on track to achieve a significant milestone of $100 million in non-oil trade by 2030, according to a statement from the commerce & industry ministry on Tuesday. : Mint
Government’s Support Fuels Transformation Of Bioenergy Ecosystem In India: Petroleum Minister Hardeep Singh Puri
New Delhi : At the 12th Edition of the CII Bioenergy Summit today, Hardeep Singh Puri, Minister of Petroleum and Natural Gas, underscored India’s remarkable progress in bioenergy, aligning with the summit’s theme, “Fuelling the Future – Securing India’s Green Growth Goals.” : indianpsu.com
Ethanol Blending achieves percentage rise of 15% by 2024, fostering sustainable energy
New Delhi : During the 12th Edition of the CII Bioenergy Summit, Shri Hardeep Singh Puri, Minister of Petroleum and Natural Gas, emphasized India’s significant advancements in bioenergy, in line with the summit’s theme, “Fuelling the Future – Securing India’s Green Growth Goals.” : psuconnect.in
IndianOil, EverEnviro to form JV for advancing biofuels adoption
New Delhi : State-run Indian Oil Corporation (IoCL) has entered into a 50:50 Joint Venture (JV) agreement with EverEnviro Resource Management for advancing biofuel adoption across the country. : Business Line
Proweps expands BioCNG facility in Sweden, enhances waste processing
New Delhi : Proweps expands BioCNG facility in Sweden, enhances waste processing. : Economic Times
RIL Q2 results: Net profit slips 5% to Rs 16,563 crore on weak fuel biz
New Delhi : Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) reported a 4.8 per cent year-on-year (Y-o-Y) decline in consolidated profit (attributable to the owners) at Rs 16,563 crore for the July-September quarter (Q2) of 2024-25, missing analysts’ expectations by a wide margin. Revenues, too, disappointed. : Business Standard
Petronas’ exploration in South China Sea to continue: Malaysian PM Ibrahim
New Delhi : Malaysia’s Prime Minister Anwar Ibrahim on Tuesday reiterated that state energy firm Petronas will continue to conduct oil and gas exploration activities in Malaysia’s exclusive economic zone (EEZ) in the South China Sea, despite objections from China. : Business Standard
Indian Oil to form JV with EverEnviro Resource Management
New Delhi : Indian Oil as entered into a Joint Venture Agreement with EverEnviro Resource Management, a leading biofuels company in the country. : Business Standard
HPCL shines at NHAI exhibition with cutting-edge wayside amenities
Mumbai : Hindustan Petroleum Corporation Ltd (HPCL) made a significant impact at the National Highways Authority of India (NHAI) exhibition, held in conjunction with the launch of the Humsafar Policy by Minister of Road Transport and Highways, Nitin Gadkari, in Delhi. : millenniumpost.in
Petrol, Diesel Price Today 15 October 2024 in Chennai, New Delhi, Srinagar and Surat
New Delhi : Petrol, Diesel Price Today 15 October 2024: Oil prices took a 3% dip during early morning trading on Tuesday as Israel is ready to avoid targeting Iranian oil infrastructure, which lowers the chances of potential disruptions in the oil supply. : Financial Express
