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MEDIA UPDATE (DECEMBER 19, 2024)

Edited By : Ameya Sathaye
Published : December 19, 2024, 7:16 AM IST   |   239

19-Dec-2024

Power

Maharatna CPSE, REC Ltd raises Rs 2,195 crore through bonds of different maturities

524db06275b53New Delhi : State-owned Rural Electrification Corporation Ltd has successfully raised Rs 2,195 crore through bonds with varying maturities. : psuconnect.in

NTPC Green Energy invited bids for 1,500 MW solar PV Project in Rajasthan

526d57314ba45New Delhi : NTPC Ltd’s arm NTPC Green Energy Limited has invited bids for the development of a 1,500 MW grid-connected solar photovoltaic (PV) project at Rajasthan Rajya Vidyut Utpadan Nigam Limited’s (RVUNL) Solar Park in Bikaner, Rajasthan. : psuconnect.in

Power Grid signs MoU with AIIMS, Kalyani as a part of CSR initiative

526d609c46eb2New Delhi : An MoU has been signed with All India Institute of Medical Sciences (AIIMS) Kalyani to install 10 Remote Operation Theatre Tables and 6 Anesthesia Workstations as part of POWERGRID’s CSR efforts at the institute’s campus. The initiative will increase the capacity of the existing OT facility by 70%. : psuconnect.in

NHPC invites Tender for 1,200 MW Wind-Solar Hybrid Power Projects

526a36c266c1eNew Delhi : NHPC Limited has announced a tender inviting competitive bids for 1,200 MW ISTS-connected wind-solar hybrid power projects across India. The initiative also includes an optional expansion under the “Greenshoe Option” for an additional 1,200 MW capacity. : psuconnect.in

Increased govt support measures can help achieve India’s 2030 clean energy goals, unlock co-benefits

New Delhi : Increased govt support measures can help achieve India’s 2030 clean energy goals, unlock co-benefits. : Economic Times

Gensol Engineering secures 22 MW solar project in Punjab

New Delhi : Gensol Engineering secures 22 MW solar project in Punjab. : Economic Times

Renewable energy projects facing up to 12-month delay in signing of PPAs

New Delhi : Renewable energy projects facing up to 12-month delay in signing of PPAs. : Economic Times

Sembcorp bags 150 MW solar project with 300 MWh energy storage

New Delhi : Sembcorp bags 150 MW solar project with 300 MWh energy storage. : Economic Times

India set for 12-fold increase in energy storage capacity to 60 GW by FY32: SBI Report

New Delhi : India set for 12-fold increase in energy storage capacity to 60 GW by FY32: SBI Report. : Economic Times

Inox Wind bags 60 MW equipment supply order from Serentica Renewables

New Delhi : Inox Wind bags 60 MW equipment supply order from Serentica Renewables. : Economic Times

India can emerge a reliable global supplier of energy goods: Jitin Prasada

New Delhi : India can emerge a reliable global supplier of energy goods: Jitin Prasada. : Economic Times

Adani Energy Solutions forms new arm for power transmission

New Delhi : Adani Energy Solutions Ltd (AESL) on Tuesday said it has formed a new subsidiary entity for transmission, distribution and power supply. Adani Energy Solutions Step-Eleven Limited (AESSEL) has been incorporated with the Registrar of Companies. : Economic Times

Sembcorp Green bags 150 MW solar project with 300 MWh energy storage

New Delhi : Sembcorp Industries on Wednesday said its arm Sembcorp Green Infra has secured a 150 MW solar project coupled with a 300 MWh Battery Energy Storage System (BESS) from Solar Energy Corporation of India Ltd (SECI). : Business Standard

IMFA partners with JSW Green Energy for renewable power in smelting ops

New Delhi : Odisha-based Indian Metals & Ferro Alloys Ltd (IMFA), a ferrochrome producer, entered into a joint venture with JSW Green Energy to source renewable energy for its smelting operations, officials said on Wednesday. : Business Standard

Federal Bank, Ecofy partner on financing for MSME rooftop solar

New Delhi : Federal Bank, a private-sector bank in India, has partnered with Ecofy, a green-only non-banking finance company, to offer financing solutions for MSMEs investing in commercial rooftop solar installations. : pv-magazine.com

India to mandate energy storage for solar, wind projects

New Delhi : India to mandate energy storage for solar, wind projects India is likely to follow in the footsteps of China and mandate the inclusion of battery storage capacity for future wind and solar energy projects. : pv-magazine.com

Bhutanese delegation visits THDC’s Vishnugad-Pipalkoti Hydro Electric Project

New Delhi : A high-level delegation of eight officials from Bhutan’s Druk Green Power Corporation (DGPC) recently visited THDC India Limited’s (THDCIL) under-construction 444 MW Vishnugad-Pipalkoti Hydro Electric Project (VPHEP) in Chamoli district, Uttarakhand. : psuwatch.com

Power Grid raises bonds issue of Rs 4,250 crore, shares to get focus

526d609c46eb2New Delhi : State-owned Power Sector Unit PGCIL or Power Grid Corporation has announced that the company’s board members have approved raising the 80th Bonds issue, up to Rs 4,250 crore on a Private Placement basis. : psuconnect.in

Domestic solar cells capacity to be over 47 GW by June 2026: CRISIL

New Delhi : Domestic solar cells capacity to be over 47 GW by June 2026: CRISIL. : Economic Times

Jindal Saw to acquire 31.20 pc stake in ReNew Green Energy for undisclosed amount

New Delhi : Jindal Saw to acquire 31.20 pc stake in ReNew Green Energy for undisclosed amount. : Economic Times

Rs 17,865 crore supplementary budget to push power, infrastructure in Uttar Pradesh

New Delhi : Rs 17,865 crore supplementary budget to push power, infrastructure in Uttar Pradesh. : Economic Times

Urja Vikas issues fresh tender for 3,200 MW thermal projects

New Delhi : Urja Vikas issues fresh tender for 3,200 MW thermal projects. : Economic Times

Kalpataru Projects International raises Rs 1,000 cr via QIP

New Delhi : Kalpataru Projects International raises Rs 1,000 cr via QIP. : Economic Times

SECI defends transfer of 2,333 mw power project from Azure to Adani

New Delhi : Even as the Chandrababu Naidu government continues to debate the fate of the controversial solar power deal, the Solar Energy Corporation of India (SECI) has defended the “transfer” of the 2,333 mw power project from Azure to Adani Group before the apex power regulator, citing Andhra Pradesh’s power requirement and unchanged terms and conditions of the contract, ET has learnt. : Economic Times

Sembcorp bags 150 MW solar project with 300 MWh energy storage

New Delhi : Sembcorp Industries on Wednesday said its arm Sembcorp Green Infra has secured a 150 MW solar project coupled with a 300 MWh Battery Energy Storage System (BESS) from Solar Energy Corporation of India Ltd (SECI). : Mint

Inox Wind secures 60 MW equipment supply order from Serentica Renewables

New Delhi : Inox Wind (IWL) on Wednesday said it has secured a 60 MW equipment supply order from Serentica Renewables. : Business Standard

Siemens Gamesa sells power electronics biz to ABB for undisclosed amount

New Delhi : Siemens Gamesa on Wednesday announced selling its power electronics business to ABB which includes assets in India for an undisclosed amount. : Business Standard

India needs greater support to achieve 2030 clean energy goals: Report

New Delhi : India is on track to meet its 2030 clean energy goals for solar power and battery energy storage systems (BESS), but immediate government support is needed to accelerate the deployment of offshore wind and green hydrogen (GH2), according to a new report. : Business Standard

Solar sector deals likely to pick pace in 2025, say industry officials

New Delhi : More deal closures in the solar sector are likely in the coming months, with strategic players consolidating the market, said industry officials and experts. : Business Standard

Coal India Ltd launches 1 GW solar EPC tender

526d56d32cf13New Delhi : Coal India Ltd (CIL), a state-owned coal miner, has invited bids to provide turnkey EPC of a 1 GW solar plant that it is planning to develop in Rajasthan. : pv-magazine.com

Power Grid Board gives nod to raise Rs 4,250 crore via bonds

526d609c46eb2New Delhi : State-owned Power Grid Corporation of India on Wednesday said its board has approved a proposal to raise up to Rs 4,250 crore funds through issuance of bonds on a private placement basis. : psuwatch.com

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Oil and Gas

Andhra Pradesh capital Amaravati to have piped gas supply

52c021946ef93New Delhi : Andhra Pradesh capital Amaravati to have piped gas supply. : Economic Times

Pawan Hans secures 10-year contract for helicopter services to ONGC

524e3664f21b1New Delhi : Pawan Hans secures 10-year contract for helicopter services to ONGC. : Economic Times

Oil prices little changed ahead of Fed rate decision

New Delhi : Oil prices little changed ahead of Fed rate decision. : Economic Times

Indian Oil aims to raise Rs 15,000 crore via debt

52c021946ef93New Delhi : Indian Oil Corporation aims to secure Rs 15,000 crore in long-term debt by March 2025, with about 30% of it coming from foreign currency loans and bonds, to fund its capital spending, said its finance chief. : Economic Times

Oil settles up after US crude stocks fall, Fed’s 2025 outlook curbs gains

Houston : Oil prices settled higher on Wednesday after U.S. crude inventories fell and the U.S. Federal Reserve cut interest rates as expected, but gains were capped as the Fed signalled it would slow the pace of cuts. : Mint

India needs greater support to achieve 2030 clean energy goals: Report

New Delhi : India is on track to meet its 2030 clean energy goals for solar power and battery energy storage systems (BESS), but immediate government support is needed to accelerate the deployment of offshore wind and green hydrogen (GH2), according to a new report. : Business Standard

Opec+ fears US oil rise as Trump aims to deregulate energy sector

New Delhi : Opec+ is wary of a renewed rise in US oil output when Donald Trump returns to the White House, delegates from the group said, because more US oil would further erode Opec+ market share and hamper the producer group’s efforts to support prices. : Business Standard

Centre grants approval for 47 ethanol projects in Bihar for loan subsidies

New Delhi : A total of 47 projects from Bihar have been issued in-principle approvals for interest subvention on bank loans for establishing new or expanding existing distilleries, the government said on Wednesday. : Business Standard

Oil India appoints Abhijit Majumder as its CFO

65ddd7d2b5295New Delhi : The Board of Directors of Oil India Limited (OIL), a Maharatna CPSE under the Government of India, has approved the appointment of its Director (Finance) Abhijit Majumder as the company’s Chief Financial Officer (CFO). : psuwatch.com

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On December 18

New Delhi : Petrol, Diesel Prices Today On December 18, 2024: Oil Marketing Companies (OMCs) revise petrol and diesel prices every day at 6 am, ensuring transparency and aligning domestic fuel costs with global crude oil market trends. : news18.com

BCL Industries invests Rs 150 crore to set up bio-energy plant in West Bengal

New Delhi : BCL Industries invests Rs 150 crore to set up bio-energy plant in West Bengal. : Economic Times

Barmer refinery & petrochem hub may begin processing crude next month

New Delhi : With pre-commissioning of multiple units already being done, Hindustan Petroleum Corporation Ltd (HPCL)’s upcoming 9 million metric tonnes per annum (MMTPA) capacity refinery in Rajasthan’s Barmer may begin processing crude oil in the first month of 2025, official sources said. : Business Standard

Pawan Hans secures Rs 2,000 cr contract for ONGC offshore helicopter ops

New Delhi : Government-owned helicopter service provider Pawan Hans Ltd has secured a 10-year contract worth over Rs 2,000 crore to supply four Dhruv NG helicopters, manufactured by Hindustan Aeronautics Ltd (HAL), to the Oil and Natural Gas Corporation (ONGC), according to news agency PTI. : Business Standard

Centre approves 47 ethanol projects in Bihar for loan subsidies

New Delhi : A total of 47 projects from Bihar have been issued in-principle approvals for interest subvention on bank loans for establishing new or expanding existing distilleries, the government said on Wednesday. : psuwatch.com

Abhijit Majumder appointed as CFO at Oil India Ltd

65ddd7d2b5295New Delhi : The Board of Oil India has approved the appointment of Abhijit Majumder, director (finance) as chief financial officer (CFO) of the company with effect from 18 December 2024. : psuconnect.in

Trailukya Borgohain appointed as Director (Operations) of Oil India Limited

65ddd7d2b5295New Delhi : Trailukya Borgohain has been appointed as Director (Operations) of Oil India Limited (OIL) on 17 December 2024, India’s oldest oil and gas Exploration and Production (E&P) company and a Maharatna CPSE under the Government of India. : psuconnect.in

Ameya Sathaye is the Founder & Editor-in-Chief of SarkariTel.com and DiplomacyIndia.com with over 25 years of experience in journalism, public policy, diplomacy, governance, infrastructure and international affairs. He has represented India at major international conferences and has served as an international election observer in Uzbekistan. Detailed Biography → https://www.sarkaritel.com/about-author/
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