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MEDIA UPDATE (JANAUARY 02, 2024)

02-Jan-2025

Power

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” New Delhi : NLC India Limited, a Navratna Government of India Public Sector Enterprise under the Coal Ministry of Government of India, was conferred with the first prize of “Rajbhasha Shield” for the year 2023-24 by the Town Official Language Implementation Committee, Department of Official Language, Ministry of Coal.” : Sarkaritel.com

NTPC achieves 326 BU generation uptoQ3 of FY 25

526d57314ba45New Delhi : NTPC Ltd, India’s largest integrated power utility, recorded a generation326 BU at the end of third quarter (Q3) of FY 2024-25 registering a growth of 3.82% compared to the corresponding period in the previous financial year. : Sarkaritel.com

NTPC Mining records growth of 23% in coal production upto Q3 FY25

526d57314ba45New Delhi : NTPC Mining delivers stellar performance upto Q3 of FY 2024-25 by producing 30.88Million Metric Tonnes (MMT) of coal registering YoY growth of 23% and has dispatched 30.55 MMT of coal to NTPC’s power stations with a growth of around 19% compared to last financial year. : Sarkaritel.com

Power Grid inks USD 200 mn green loan pact with SMBC

526d609c46eb2New Delhi : Power Grid inks USD 200 mn green loan pact with SMBC. : Economic Times

IFC, ADB, DEC get CCI’s clearance to acquire stake in Fourth Partner Energy

New Delhi : IFC, ADB, DEC get CCI’s clearance to acquire stake in Fourth Partner Energy. : Economic Times

India enters 2025 as global lighthouse with 214 GW green energy capacity: Pralhad Joshi

New Delhi : India enters 2025 as global lighthouse with 214 GW green energy capacity: Pralhad Joshi. : Economic Times

India’s power consumption up nearly 6 pc to 130.40 bn units in December

New Delhi : India’s power consumption rose nearly 6 per cent to 130.40 billion units (BU) in December as compared to the year-ago month. In December 2023, power consumption was 123.17 BU, as per government data. : Economic Times

Power Mech Projects bags Rs 294-crore order from Adani power

New Delhi : Power Mech Projects on Wednesday said it has secured an order worth Rs 294 crore from Adani Power. The order is for providing various services to the 1,320 MW Korba Phase-II Thermal Power Project in Chhattisgarh. : Economic Times

India met all-time maximum power demand of 250 GW in 2024

New Delhi : The year 2024 marked a landmark period for India’s power sector, with historic advancements in energy generation, transmission, and distribution. : Mint

Waaree Renewable secures 2 GW solar EPC order from Jindal Renewables

New Delhi : Waaree Renewable Technologies Ltd, an arm of Waaree Energies, has secured its largest-ever engineering, procurement, and construction (EPC) contract for a 2 GW solar project from Sunbreeze Renewables Nine, a special purpose vehicle (SPV) of Jindal Renewables. : pv-magazine.com

NTPC allocates 1.2 GW wind-solar hybrid capacity at $0.040/kWh

526d57314ba45New Delhi : State-owned power producer NTPC has concluded auction for 1.2 GW of wind-solar hybrid capacity at an average price of INR 3.43 ($0.040)/kWh. : pv-magazine.com

Commercial LPG Prices Slashed By Rs 14.50: ATF Rates Reduced By 1.5%

New Delhi : The rates of commercial LPG has been cut by 14 rupees 50 paise. Now the 19-kg cylinder will cost one thousand 804 rupees in Delhi, one thousand 756 rupees in Mumbai, one thousand 911 rupees in Kolkata and one thousand 966 rupees in Chennai. : globalgreenews.com

NTPC Mining Achieves 23% YoY Growth in Coal Production, Ensures Fuel Security for Power Stations

526d57314ba45New Delhi : NTPC Mining has reported an exceptional performance for the third quarter of FY 2024-25, with a significant 23% year-on-year growth in coal production, amounting to 30.88 Million Metric Tonnes (MMT). : psuconnect.in

NPCIL issues proposals to set up small nuclear reactors for captive use

New Delhi : On Tuesday, India’s nuclear power operator NPCIL invited proposals from the industry to set up 220 MW Bharat Small Reactors for captive use, replacing the existing coal-fired thermal power plants used by the steel, aluminum, copper, and cement industries. : psuconnect.in

India enters 2025 as global lighthouse with 214 GW green energy capacity: Pralhad Joshi

New Delhi : As India ushers in New Year, it rounded off 2024 with 214 GW installed green energy capacity, according to figures compiled by the Ministry of New and Renewable Energy, while the country is firmly on track to meet its ambitious target of achieving 500 GW energy capacity from non-fossil fuels by 2030. : Sarkaritel.com

India meets all-time high power demand of 250 GW, energy shortages at mere 0.1 pc

New Delhi : India successfully met an all-time maximum power demand of 250 GW during the current fiscal (FY25) as energy shortages at the national level dropped to a mere 0.1 per cent, the government said on Wednesday. : Sarkaritel.com

India’s coal production posts 5.3 per cent growth to 97.94 million tonnes in Dec 2024

New Delhi : India’s total coal production recorded a growth rate of 5.33 per cent during December 2024 to touch 97.94 million tonnes (MT) compared to the corresponding figure of 92.98 MT for the same month in the previous year, the Coal Ministry said on Wednesday. : Sarkaritel.com

Delhi’s December peak power demand hits record 5213 MW

New Delhi : Delhi’s December peak power demand hits record 5213 MW. : Economic Times

IREDA loan disbursement up 41% to Rs 17,236 crore in Q3

New Delhi : IREDA loan disbursement up 41% to Rs 17,236 crore in Q3. : Economic Times

Kalpataru Projects International bags orders worth Rs 1,011 cr

New Delhi : Kalpataru Projects International bags orders worth Rs 1,011 cr. : Economic Times

Two more solar power projects for farmers come up in Jalna district

New Delhi : Two more solar power projects for farmers come up in Jalna district. : Economic Times

Reliance Power arm Sasan Power pays $150 mn debt to IIFCL

New Delhi : Reliance Power arm Sasan Power pays $150 mn debt to IIFCL. : Economic Times

Tamil Nadu govt cancels smart meter tender awarded to Adani Energy Solutions

Chennai : The Tamil Nadu Power Distribution Corporation has cancelled a global tender floated for procuring smart meters, citing the high cost quoted by Adani Energy Solutions Ltd (AESL). The tenders were floated as four packages in August 2023 for providing the smart meters under the central government’s revamped distribution sector scheme. : Economic Times

Solex secures 100 MW solar module order with Sprng Energy

New Delhi : Solex Energy Ltd has secured the order to supply 100 MWp of its n-type TOPCon solar modules for Sprng Energy’s projects in Gujarat. The manufacturer has signed a module supply agreement (MSA) with Sprng Energy, a member of Shell group and a private-sector power producer in the country. : pv-magazine.com

India’s Renewable Energy Capacity Crosses 200 GW Mark

New Delhi : Glimpses of 2024 in the special Year-Ender series. Take a look at the key initiatives and achievements of the Ministry of New and Renewable Energy. The government continued its remarkable journey toward transforming India’s energy landscape in 2024. : globalgreenews.com

IREDA CMD highlights stellar performance and future goals in New Year address

New Delhi : Indian Renewable Energy Development Agency Ltd’s (IREDA) Chairman and Managing Director (CMD) Pradip Kumar Das, addressed employees on New Year’s Day via video conferencing, outlining the organisation’s remarkable achievements in 2024 and strategic goals for 2025. : psuwatch.com

SJVN bids farewell to Shri Akhileshwar Singh, Director (Finance)

New Delhi : SJVN bid a warm farewell to Sh. Akhileshwar Singh, Director (Finance), in a function held at its Corporate Headquarters, Shimla. : psuconnect.in

SJVN Ltd signs MoU with Government of Bihar to develop 1000 MW Storage Project

New Delhi : State-owned SJVN signed a Memorandum of Understanding (MoU) with Govt of Bihar in Patna to develop the 1000 MW Hathidah Durgawati Pumped Storage Project and other PSPs in Bihar. : psuconnect.in

Power Grid signs loan agreement with SMBC for Renewable Energy transformation

526d609c46eb2New Delhi : State-run POWERGRID has signed a green loan agreement with Sumitomo Mitsui Banking Corporation (SMBC) at GIFT City, Gandhinagar, Gujarat, underscoring its pivotal role in India’s RE transformation. : psuconnect.in

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Oil and Gas

State-run OMCs cut commercial LPG and ATF prices, effective January 1

New Delhi : State-run oil marketing companies (OMCs) have announced a price reduction for 19-kg commercial liquefied petroleum gas (LPG) cylinders, effective January 1, 2025. : Business Standard

Petrol, diesel sales soar on holiday travel

New Delhi : India’s petrol and diesel consumption soared in December 2024 as holiday travel boosted demand, reversing the fall witnessed in previous months, preliminary data of state-owned fuel retailers showed on Wednesday. : Economic Times

India’s petroleum exports plunge amid weak global demand, Red Sea disruptions

New Delhi : Exports of petroleum products took a hit in November, weighed down by sluggish demand in developed economies, a rise in domestic consumption and a significant decline in cheap petroleum imports from Russia. : Mint

Oil prices post 3% annual decline, slipping for second year in a row

New Delhi : Oil prices post 3% annual decline, slipping for second year in a row. : Economic Times

ATF price cut by 1.5 pc, commercial LPG rates down Rs 14.5 per cylinder

New Delhi : ATF price cut by 1.5 pc, commercial LPG rates down Rs 14.5 per cylinder. : Economic Times

Oil and gas industry set for long-term benefits with digitalisation: Report

New Delhi : Oil and gas industry set for long-term benefits with digitalisation: Report. : Economic Times

Oil prices edge up but set for second straight annual loss

Houston : Oil prices rose slightly on Tuesday but were headed for their second straight annual loss as the post-pandemic demand recovery stalled and China’s economy struggled while the U.S. and other non-OPEC producers pumped more crude into a well-supplied global market. : Mint

LPG Commercial Cylinder Prices Reduced on New Year’s Day | Revised Rates Announced

New Delhi : In a New Year’s announcement, the central government has reduced the prices of 19 kg commercial LPG cylinders by Rs 14 to Rs 16 across various cities, including Delhi and Mumbai. However, the price of domestic LPG cylinders, weighing 14.2 kg, remains unchanged at Rs 803. : psuconnect.in

LPG prices: Indian OMCs slash commercial LPG cylinder prices in Delhi, Mumbai and other cities

New Delhi : As India enters 2025, oil marketing companies slashed prices for commercial 19-kg LPG cyclinder in various metro cities, including a cut of Rs 14.5 to bring down the prices to Rs 1,804 in the national capital, effective January 1, 2025. : Economic Times

Commercial LPG prices in metro cities cut for first time in 6 months; ATF prices also lowered

New Delhi : In a New Year gift to the people, government-owned oil marketing companies (OMC) reduced prices of commercial cooking gas for the first time in six months on Wednesday with immediate effect. The price cuts ranged from ?14 to ?16 per cylinder. : Mint

Brent crude outlook bearish on oversupply, grim oil demand; 2025 average pegged at $74 after hitting $80 in 2024

New Delhi : International crude oil prices fell around three per cent in 2024, slipping for a second straight year, as the post-pandemic demand recovery stalled, China’s economy struggled, and the US and other producers pumped more crude into a well-supplied global market. : Mint

The Hydrogen Stream: BNEF forecasts sharper green H2 price drop by 2050

New Delhi : Green hydrogen will fall from its current price range of $3.74/kg to $11.70/kg to between $1.60/kg and $5.09/kg by 2050, citing higher-than-expected future costs for electrolyzers. : pv-magazine.com

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