Media Update : 21-May-2022

ameya sathaye
By ameya sathaye May 21, 2022 09:32



Govt may hike basic custom duty on electrolysers import to support domestic Industry

New Delhi : The Ministry of New & Renewable Energy (MNRE) has prepared proposals for the companies producing green hydrogen, green ammonia and also manufacturing allied equipment. MNRE has also given a proposal to increase in basic customs duty on import of electrolysers to support domestic industry, said sources privy to the matter. : timesnownews

Govt Asks CEA To Allow Utilities To Import Up To 30% Of Coal Needs

New Delhi : in a May 18 letter to the secretary of the Central Electricity Regulatory Commission (CERC), a federal power ministry official citing a “public interest” provision in India’s electricity law said it was “imperative” power generators be allowed to use more imported coal : Business World

Govt steps boost coal-based power output, avert major blacko ..

New Delhi : Coal-fired electricity generation has registered a sharp inc .. : Times of India

New Delhi : India’s ministry of external affairs (MEA) recently called a meeting as part of an economic diplomacy initiative to engage with Sri Lanka, which is facing an unprecedented economic crisis : Mint

Unit of Ropar thermal plant resumes operations; power situation eases in Punjab

New Delhi : Amid the ongoing power crisis in Punjab, one unit of Guru Gobind Singh Super thermal power plant (Ropar thermal plant) resumed operations on Thursday night :

India to launch 20% ethanol-mixed gasoline: Why it’s important and what are the challenges

New Delhi : India to launch 20% ethanol-mixed gasoline: Why it’s important and what are the challenges : Times of India

Rajasthan government seeks Chhattisgarh support to start coal mining for power projects

New Delhi : Rajasthan government seeks Chhattisgarh support to start coal mining for power projects : New Indian Express

NTPC commissions 35 MW of Kayamkulam Floating Solar PV project

New Delhi : NTPC announced that consequent upon successful commissioning, second part capacity of 35 MW out of 92 MW Kayamkulam Floating Solar PV Project at Kayamkulam, Kerala, is declared on commercial operation w.e.f. 06:00 Hrs. of 19 May 2022. : Business Standard

Badly needing a targeted subsidy

New Delhi : With the latest hike this week, LPG prices in the national capital breached the four-digit mark of Rs 1,000, an important psychological barrier for customers. These successive hikes come at a time when LPG cylinders are already at historically high price-points. The growth in LPG consumption in the household segment, which averaged ~7.5% in the previous five years, dropped to a low of 1.5% in the last financial year. LPG remains the main source of clean cooking in India, given the low penetration of natural gas and electricity-based cooking, barring a few urban centres. : Financial Express

Power gencos to get easier loans for coal imports

New Delhi : Power gencos to get easier loans for coal imports : Economic Times

Discoms to mandatorily purchase from ICB plants

New Delhi : The Union ministry of power may invoke Section 11 of the Electricity Act, 2003 to make it mandatory for state-run electricity discoms to buy power produced from imported coal. The move follows discoms’ reluctance to buy costlier power from imported coal-based (ICB) units, which were earlier directed by the ministry under the same section to run at full capacity. : Financial Express

Spot power rates fall: Gencos’ plan to raise output likely to be hit

New Delhi : Spot power prices have dropped by half in the last one week on the India Energy Exchange from the highs of Rs 11 per unit, largely led by the likely onset of early monsoon in Kerala and other parts of India, and improvement of wind conditions in Tamil Nadu and Andhra Pradesh. : Financial Express

Explained: Why has Centre advanced its 20% ethanol blending target by five years?

New Delhi : The Union Cabinet has advanced by five years its target for achieving 20% ethanol blending in petrol. What does advancing the blending target mean? Is the new target achievable? What are the roadblocks ahead? : Indian Express

Power engineers’ body slams Centre for making them buy expensive imported coal

New Delhi : The minister had said that his department would be monitoring the discoms and anyone who failed to abide by the rule will see their target of blending imported coal with local one being increased to 15%. : Indian Express

After NGT notice, Govt forest panel seeks report on Arunachal projects

New Delhi : The NGT had sought replies from the Environment Ministry, the Arunachal government and NHPC on compliance of conditions for forest clearance granted to the 3,000-MW Dibanghydroelectric project in the Dibang Valley district. : Indian Express

NTPC Q4 results: Net profit rises 25% to Rs 5,622 cr, final dividend declared

New Delhi : State-owned power giant NTPC on Friday reported a rise of 25.5 per cent in its standalone net profit at Rs 5,622 crore for the fourth quarter ended 31 March, 2022. The company had reported a profit of Rs 4,479 crore in the year-ago period. : Business Today

Solar power grid on break water comes up at Adani’s Kattupalli Port

New Delhi : Solar power grid on break water comes up at Adani’s Kattupalli Port : Economic Times

Arunachal Pradesh : Forest Panel Seeks Report On Clearances Granted For Hydroelectric Projects

New Delhi : The Forest Advisory Committee (FAC) sought a report within three weeks about the compliance status of forest clearances granted to Arunachal Pradesh for initiating hydroelectric projects. :

NTPC Bongaigaon and ER-II ladies club bring smiles among the needy at Kokrajhar

New Delhi : was a bright day in Kokrajhar as it brought smiles among the beneficiaries under the CSR of NTPC Bongaigaon. Various activities at Shanti Old age Home, Alarayan Orphanage and Kokrajhar Girls College as a part of community development and with an intent to improve the lives of the people created an environment of positivity among the beneficiaries. The activity was conducted by Bardwi Shikla Ladies Club, NTPC Bongaigaon and Vasudha Mahila Mandal,ER-II. :

Oil and Gas

BPCL’s digital transformation journey by Rahul Tandon, Head-Digital Transformation

New Delhi : Rahul Tandon, Head of Digital Transformation, BPCL, spoke on BPCL’s digital transformation journey, which has set new benchmarks in customer centricity, at the International SAP Conference for Energy 2022 held in Amsterdam from 17 to 19 May 2022 with the theme – Transforming the Customer Experience at Scale for Consumers of Oil, Gas, and Energy. :

U’khand govt, BPCL ink pact for growth of renewable energy sector in India.

New Delhi : Dehradun: An MoU was signed between the Uttarakhand governme : Times of India

Oil steady as economic worries offset possible China demand rise

New Delhi : Oil steady as economic worries offset possible China demand rise : Economic Times

CNG Price In Pune Will Be Rs 80 Per kg From May 21

New Delhi : CNG Price In Pune Will Be Rs 80 Per kg From May 21 :

State-run oil companies cut fuel supplies in Vizag

New Delhi : Oil companies claimed that following the revision of rates, they were incurring losses due to the difference between the cost and sale price : Deccan Chronicle

Oil India hires agency to investigate April ransomware attack

New Delhi : Cyber criminals demanded the ransom from Oil India in Bitcoins State-run Oil India has hired an agency to investigate the April 10 ransomware attack at its the oil PSU’s field headquarters in Duliajan (Assam). The agency will submit a report on the measures required to avoid such attacks in the future as well as on the genesis of the attack. : Business Line

144 per cent rise in 8 years: Why India has the most expensive LPG

New Delhi : LPG prices in the country have seen a constant rise in last few months. With petrol and diesel prices also skyrocketing, the huge spike in cooking gas rates has put an extra burden on the common man. :

Russia To Stop Gas Supply To Finland After Electricity Cut

New Delhi : Finland’s state-owned gas company Gasum has announced that imports of liquefied natural gas (LNG) to Finland from Russia’s Gazprom Export would end on Saturday morning. :

HPCL Standalone March 2022 Net Sales at Rs 97,572.74 crore, up 30.37% Y-o-Y

New Delhi : Reported Standalone quarterly numbers for Hindustan Petroleum Corporation are: Net Sales at Rs 97,572.74 crore in March 2022 up 30.37% from Rs. 74,843.42 crore in March 2021. Quarterly Net Profit at Rs. 1,795.26 crore in March 2022 down 40.51% from Rs. 3,017.96 crore in March 2021. EBITDA stands at Rs. 3,696.50 crore in March 2022 down 29.06% from Rs. 5,210.95 crore in March 2021. :

Forget LPG, get cheaper piped gas in TN by year-end

New Delhi : As the price of a cooking gas cylinder breaches Rs 1,000 across Tamil Nadu, households in East Tambaram, Sholinganallur, Karapakkam, Semmencherry, West Tambaram, and Perungudi might be able to switch to relatively cheaper piped natural gas connections soon. While 24×7 supply of piped gas will begin only after six or seven months, registration has started in Kancheepuram and Chengalpattu districts through AG&P Pratham, which was awarded a gas distribution licence by the Petroleum & Natural Gas Regulatory Board. : New Indian Express

IGL to invest Rs 8,000 crore in five years for expansion

New Delhi : Indraprastha Gas (IGL) plans to invest Rs 8,000 crore over the next five years to expand its city gas network even as it targets a more than 40% increase in sales volumes over the same period, its top executive has said. : Economic Times

BPCL privatization passes the hurdle, only one of the three bidders remains

New Delhi : Privatisation of BPCL, which was dubbed India’s greatest ever, has been stalled with only one bidder left in the fight after two others walked over issues, for example, absence of lucidity in fuel estimating, a top source said. The government had intended to sell its entire 52.98 percent stake in Bharat Petroleum Corporation Ltd (BPCL) and invited Expression of Interest from bidders in March 2020. At least three bids came in by November 2020 but only one remains now after the others withdrew from the race. :

Kerala High Court Quashes BPCL’s Order Barring Employees From Enrolling In Post-Retirement Medical Scheme

New Delhi : The Kerala High Court has recently directed Bharat Petroleum Corporation Limited (BPCL) to continue to provide the Post Retirement Medical Benefit Sch :

IGL to invest Rs 8,000 cr in five years to expand CNG gas network: CEO

New Delhi : Indraprastha Gas Ltd, the nation’s largest CNG retailer, will invest about Rs 8,000 crore in the next five years to expand the city gas network of CNG stations and pipelines : Business Standard

LPG Gas Price Hiked Again, Cross Rs 1000 Mark In Delhi

New Delhi : Oil marketing companies have hiked the price of 14kg domestic LPG gas cylinder by ₹3.50, the commercial cylinder had also become expensive. : Zeebiz

Piped Natural Gas: Affordable fuel on the way for Trivandrum

New Delhi : The ambitious City Gas Project executed by the Indian Oil-Adani Gas Pvt Ltd (IOAGPL) is gathering pace in the capital city. Hundreds of households have reportedly signed up for PNG connections. Pipe-laying work for the project is progressing in Vettucaud, Shangumugham and Kochu Veli. On Thursday, the LPG prices went up again and domestic cylinders cost more than Rs 1,000 now. : New Indian Express

Tripura airport restricts fuel supply to planes amid dwindling ATF stock

New Delhi : Tripura airport restricts fuel supply to planes amid dwindling ATF stock :

China’s April Saudi oil imports soar 38% on year, Russian oil up 4%

New Delhi : Saudi shipments amounted to 8.93 million tonnes last month, equivalent to 2.17 million barrels per day (bpd), according to data from the Chinese General Administration of Customs : Business Standard

ONGC is giving chance to work in more than 3000 positions

New Delhi : A golden opportunity has come for candidates looking for jobs in Oil and Natural Gas Corporation Limited (ONGC). Applications for recruitment to 3,614 posts have also been announced by the company. These recruitments are being made to the posts of Apprentices. :

ameya sathaye
By ameya sathaye May 21, 2022 09:32