18-Jan-2025
Power
NTPC Korba Wins Prestigious The CEE 3rd National Award for Water Management Excellence
New Delhi : NTPC Korba is proud to announce that its Korba Super Thermal Power Station has been honored with the CEE 3rd National Power Gen Water Management Award 2025 under the category of “Sustainable Operational – Public Sector.” : psuconnect.in
IREDA finalises pact for joint venture to set up 900 MW hydroelectric project in Nepal
New Delhi : The Indian Renewable Energy Development Agency Ltd. (IREDA) on Thursday finalised a joint venture agreement with SJVN Ltd., GMR Energy Ltd., and Nepal Electricity Authority (NEA) for the development of the 900 MW Upper Karnali Hydroelectric Project in Nepal as part of a strategic initiative aimed to strengthen regional energy security and accelerate renewable energy growth, according to an official statement. : Sarkaritel.com
Vikram Solar secures 1GW module order for renewable projects
New Delhi : Vikram Solar secures 1GW module order for renewable projects. : Economic Times
India, Singapore looking at setting up corridor for renewable energy
New Delhi : India, Singapore looking at setting up corridor for renewable energy. : Economic Times
TNPGCL to appoint consultant to explore own coal block in Odisha
Chennai : TNPGCL to appoint consultant to explore own coal block in Odisha. : Economic Times
U’khand govt inks pact with Iceland’s firm for growth of geothermal energy
New Delhi : A Memorandum of Understanding (MoU) was signed between the Government of Uttarakhand and the Icelandic company Varkis Consulting Engineers at Secretariat. : Business Standard
Uttar Pradesh govt approves solar power projects worth Rs 10,000 crore
Lucknow : Uttar Pradesh has approved solar power projects worth around Rs 10,000 crore to achieve the state’s renewable energy capacity of 22,000 megawatt (Mw). : Business Standard
Residential rooftop solar scheme presents over INR 1 trillion opportunity for component manufacturers
New Delhi : The government’s residential rooftop solar subsidy scheme PM Surya Ghar Muft Bijli Yojana (PM-SGMBY) has the potential to catalyze an INR 1.2 trillion ecosystem. : pv-magazine.com
Power Finance Corporation arm Transferred to PGCIL for integrating renewable energy projects
New Delhi : PFC Consulting Limited, a wholly owned subsidiary of Power Finance Corporation Limited, has announced the transfer of two of its wholly owned subsidiaries. The transfer was completed on January 16, 2025, to the successful bidders following the established process. : psuconnect.in
Central PSU Powergrid wins WCDM-DRR Award
New Delhi : POWERGRID has been awarded the World Congress on Disaster Management Disaster Risk Reduction (WCDM-DRR) award in the “Response During Disaster and Emergencies” category. The award was presented by Shri Piyush Goyal, Union Minister of Commerce & Industry, Government of India. Dr. Yatindra Dwivedi, Director (Personnel) received the award on behalf of POWERGRID. : psuconnect.in
SECI Plans To Build Floating Solar With BESS Project In Lakshadweep
New Delhi : SECI Plans To Build Floating Solar With BESS Project In Lakshadweep. : saurenergy.com
Uttarakhand hands out its 40 geothermal sites to Iceland
New Delhi : The Uttarakhand government on Friday handed out its 40 identified geothermal hot spring sites in the Himalayas to Iceland to explore, develop and harness the energy for the state. : thestatesman.com
Parliamentary Consultative Committee on Power Ministry Discusses RDSS and Vision for 2047
New Delhi : The Parliamentary Consultative Committee for the Ministry of Power convened in New Delhi yesterday evening, chaired by Shri Manohar Lal, the Union Minister for Power and Housing & Urban Affairs. : devdiscourse
World’s largest solar-battery project: Masdar teams up for 19GWh energy storage
New Delhi : World’s largest solar-battery project: Masdar teams up for 19GWh energy storage. : Sarkaritel.com
NIT Rourkela develops new cathode technology to drive India’s EV, renewable energy growth
New Delhi : NIT Rourkela develops new cathode technology to drive India’s EV, renewable energy growth. : Economic Times
IREDA signs joint venture for 900 MW Upper Karnali hydro project in Nepal
New Delhi : IREDA signs joint venture for 900 MW Upper Karnali hydro project in Nepal. : Economic Times
CGPB Meet 2025 to focus on critical minerals, geohazards, and clean energy goals
New Delhi : CGPB Meet 2025 to focus on critical minerals, geohazards, and clean energy goals. : Economic Times
Navigating the Grid: Challenges in Electricity Distribution and the Way Ahead
New Delhi : Navigating the Grid: Challenges in Electricity Distribution and the Way Ahead. : Economic Times
India-Singapore to build green energy corridor, work in key sectors
New Delhi : India and Singapore are working on establishing a green energy corridor and looking at boosting cooperation in areas like green hydrogen, green shipping, semiconductor and manufacturing, the Ministry of External Affairs (MEA) said on Friday. : Business Standard
Ireda finalises JV with SJVN, GMR, and NEP for hydropower project in Nepal
New Delhi : State-ownedIreda has finalised a joint venture agreement with SJVN, GMR Energy and the Nepal Electricity Authority to set up a 900 megawatt hydropower project in Nepal. : Business Standard
Nepal’s roadmap aims to generate 28,500 MW of electricity by 2035: PM Oli
Kathamandu, Nepal : Nepal Prime Minister K P Sharma Oli on Friday said the government has prepared a roadmap for generating 28,500 MW of electricity by 2035. : Business Standard
Vikram Solar wins 1 GW PV module supply order
New Delhi : Vikram Solar announced that it has secured an order to supply 1 GW of solar modules. Under this contract, Vikram Solar will supply its Hypersol n-Type TOPCon glass-to-glass modules (rated 580 Wp and above) to fulfill the order for JSW Neo Energy projects. : pv-magazine.com
Coal India revises production target for FY25 from 838 MT to 810 MT
Kolkata : Coal India Ltd (CIL) has revised its production target for the current fiscal year, aiming for a realistic figure of 806-810 million tonnes (MT), down from the previously set 838 MT, Chairman PM Prasad said on Friday. : psuwatch.com
NTPC Auraiya celebrated its 38th Raising Day
New Delhi : NTPC Auraiya celebrated its 38th Raising Day on 17th January 2025 with a special event, reflecting on decades of excellence and setting ambitious goals for the future. : psuconnect.in
Bharat Heavy Electrical exchanges contract agreement with Power Grid for HVDC Project
New Delhi : BHEL has reached a significant milestone by exchanging the Contract Agreement with POWERGRID for the groundbreaking 6000 MW KPS2-Nagpur HVDC Project. : psuconnect.in
Waaree Renewable Technologies Secures Off-Grid Solar Order
New Delhi : Waaree Renewable Technologies Secures Off-Grid Solar Order. : saurenergy.com
Power & Instrumentation Gets Rs. 17.07 Cr For 5 MW Solar Project
New Delhi : Power & Instrumentation Gets Rs. 17.07 Cr For 5 MW Solar Project. : saurenergy.com
CM inaugurates Dharmshala city’s first solar power project
New Delhi : Chief Minister Thakur Sukhvinder Singh Sukhu today inaugurated the first 750-kilowatt solar power project at Dharamshala in Kangra district, built at a cost of Rs. 4.74 crore. Spanning in 8,500 square meters of land, this project will generate approximately 2,000 units of electricity daily, yielding a monthly income of Rs. 2.80 lakh. : himalayantimes.com
CG Power rises after Govt approves Rs 3,501 crore subsidy grant for semiconductor facility
New Delhi : CG Power and Industrial Solutions advanced 2.64% to Rs 644.10 after the company informed about the grant of subsidy of Rs 3,501 crore from the Government of India for setting up semiconductor assembly facility. : Business Standard
Oil and Gas
GAIL settles $1.8-bn claim against former Gazprom unit for $285 mn
New Delhi : State-owned gas utility GAIL (India) Ltd has settled a USD 1.817-billion claim against a former unit of Russian energy giant Gazprom for USD 285 million, according to a stock exchange filing. : Economic Times
BPCL ties Rs 31,802 cr funds for Bina refinery expansion, petchem project
New Delhi : State-owned Bharat Petroleum Corporation Ltd (BPCL) on Friday said it has achieved financial closure for its Bina refinery expansion cum petrochemical project with the signing of a loan agreement of Rs 31,802 crore with a consortium of six lenders led by the State Bank of India. : Economic Times
BPCL ties Rs 31,802 cr funds for Bina refinery expansion, petchem project
New Delhi : State-owned Bharat Petroleum Corporation Ltd (BPCL) on Friday said it has achieved financial closure for its Bina refinery expansion cum petrochemical project with the signing of a loan agreement of Rs 31,802 crore with a consortium of six lenders led by the State Bank of India. : Business Standard
Reliance Industries net profit soars 12% driven by digital, retail segment growth
New Delhi : Reliance Industries net profit soars 12% driven by digital, retail segment growth. : Economic Times
Development of green technology and biofuels key to India’s future: PM Modi
New Delhi : Development of green technology and biofuels key to India’s future: PM Modi. : Economic Times
Sembcorp inks MoUs with Odisha govt to set up 720,000-mtpa green hydrogen production facility
New Delhi : Sembcorp inks MoUs with Odisha govt to set up 720,000-mtpa green hydrogen production facility. : Economic Times
Petroleum imports up 7.1% in April-Dec FY25, ethanol blending hits 18.2% in Dec 2024
New Delhi : Petroleum imports up 7.1% in April-Dec FY25, ethanol blending hits 18.2% in Dec 2024. : Economic Times
Reliance and Nayara gain diesel mkt share as state-run oil cos stagnate
New Delhi : Private sector refiners Reliance Industries and Nayara Energy are aggressively growing their diesel retail sales while state-run refiners face stagnation. : Economic Times
India-Singapore to build green energy corridor, work in key sectors
New Delhi : India and Singapore are working on establishing a green energy corridor and looking at boosting cooperation in areas like green hydrogen, green shipping, semiconductor and manufacturing, the Ministry of External Affairs (MEA) said on Friday. : Business Standard
IOC buys 7 million barrels of Middle Eastern, African crude oil via tenders
New Delhi : Indian Oil Corp (IOC), the country’s top refiner, has bought 7 million barrels of spot Middle Eastern and African crude oil via tenders, including a rare purchase of Abu Dhabi’s Murban, as US sanctions are expected to hit supplies from Russia, trade sources said on Friday. : Business Standard
US sanction clarifications a tight squeeze for India’s Feb oil supplies
New Delhi : Indian refiners have less time than they expected earlier to receive sanctioned tankers, prompting aggressive purchase of spot supplies of Middle East grades for February deliveries and some March shipments. : Business Standard
GAIL settles $1.8-bn arbitration case against former Gazprom unit for $285 mn
New Delhi : Maharatna PSU GAIL (India) Ltd has settled a USD 1.817-billion arbitration case against a former unit of Russian energy giant Gazprom, Sefe Marketing & Trading Singapore Pte Ltd, for USD 285 million, the PSU said in a regulatory filing to the stock exchanges. : psuwatch.com
MRPL’s Aromatic Complex Bags Prestigious National Safety Council Award 2024
New Delhi : Mangalore Refinery and Petrochemicals Limited’s (MRPL) Aromatic Complex has won the esteemed National Safety Council (NSC) Award 2024, recognizing its exceptional commitment to workplace safety and operational excellence. : psuconnect.in
RBM Infracon Ltd takes over ONGC’s Nandej Oil Field Project worth Rs 33,498 crore
New Delhi : RBM Infracon Limited has announced its takeover of ONGC’s Nandej Oil Field project, which will take effect on January 17, 2025. : psuconnect.in
Petrol and diesel prices in Bhubaneswar hiked, Check new rates here
New Delhi : The petrol and diesel rates increased marginally in Odisha’s capital city, Bhubaneswar on Friday. On January 17, 2025, petrol has been priced at Rs 101.39 per litre while diesel costs Rs 92.96 per litre. The petrol and diesel prices have increased by 42 paise in the last 24 hours respectively. : kalingatv.com
India’s oil demand to reach 252.9 million tonnes in FY26, up 4.65%: PPAC
New Delhi : India’s oil demand to reach 252.9 million tonnes in FY26, up 4.65%: PPAC. : Economic Times
Oil prices climb on supply fears, Fed rate cut hopes
New Delhi : Oil prices climb on supply fears, Fed rate cut hopes. : Economic Times
Emergence of a green fuel portfolio ecosystem in the Indian oil and gas sector
New Delhi : Emergence of a green fuel portfolio ecosystem in the Indian oil and gas sector. : Economic Times
OPEC’s share in India’s annual oil imports rises after 8-yr drop
New Delhi : OPEC’s share in India’s crude oil imports edged up in 2024, rising for the first time in nine years, while top supplier Russia’s share remained steady, data obtained from trade sources showed. : Economic Times
India’s IOC buys 7 million barrels of Middle East, African oil
New Delhi : Indian Oil Corp (IOC), the country’s top refiner, has bought 7 million barrels of spot Middle Eastern and African crude oil via tenders, including a rare purchase of Abu Dhabi’s Murban, as U.S. sanctions are expected to hit supplies from Russia, trade sources said on Friday. : Economic Times
Buyers of natural gas call for pricing domestic gas in rupee
New Delhi : The rupee’s rapid fall is making natural gas pricier for Indian buyers, leading to calls for pricing domestic gas in rupees instead of the current practice of using dollars. : Economic Times
Gadkari holds talks with Singapore Prez, discusses sustainable fuel options
New Delhi : Union Minister of Road Transport and Highways Nitin Gadkari on Thursday met Singapore’s President Tharman Shanmugaratnam, and highlighted India’s recent advancements in clean transportation, energy transition, and road infrastructure. : Business Standard
Opec’s share in India’s annual oil imports rises after 8 year drop
New Delhi : OPEC’s share in India’s crude oil imports edged up in 2024, rising for the first time in nine years, while top supplier Russia’s share remained steady, data obtained from trade sources showed. : Business Standard
Engineers India Limited reached a milestone at the Guru Gobind Singh Refinery
New Delhi : In April 2022, EIL reached a pivotal milestone at the Guru Gobind Singh Refinery, Bhatinda with the mechanical completion of the world’s largest Dual Feed Cracker Unit, boasting a capacity of 1.2 MMTPA, expandable to 1.5 MMTPA. : psuconnect.in
MRPL Flags Off Its First Toluene Parcel
New Delhi : The first truck parcel of Toluene from Mangalore Refinery and Petrochemicals Limited (MRPL) was flagged off by Shri Mundkur Shyamprasad Kamath, Managing Director of MRPL, at the Aromatic Complex within the Mangalore Special Economic Zone Limited (MSEZL), as per the release. : psuconnect.in
BPCL signs loan deal with SBI-led consortium for petrochemical, refinery projects
New Delhi : State-run oil company Bharat Petroleum Corporation Ltd (BPCL) has announced that it has signed a significant loan agreement worth Rs 31,802 crore with a consortium led by the State Bank of India (SBI). : psuconnect.in
Petrol demand set to increase 6.6 per cent in FY26
New Delhi : Domestic demand for petroleum products is projected to hit a record 252.9 million tonnes in FY26, a 4.65% increase from the 241.8 million tonnes expected for FY25, as per the Petroleum Planning and Analysis Cell (PPAC). : New Indian Express
