Power
GERC to Amend Renewable Energy Rules to Allow Transfer of Connectivity Rights
New Delhi : GERC to Amend Renewable Energy Rules to Allow Transfer of Connectivity Rights : mercomindia.com
India’s Energy Transition: Is coal still necessary for reliable power supply?
New Delhi : Experts say blending renewable energy with thermal power is not the most optimal long-term solution, especially since coal and transportation charges are expected to escalate, while battery-based energy storage prices are expected to decline further over the next few years. : Moneycontrol.com
Coal imports rise marginally by 0.9% to 90.51 MT in Apr-Jul of FY25
New Delhi : There is a “critical need” for coal imports, and the country has reported a marginal rise of 0.9 per cent to 90.51 mt in the April-July period of FY25, according to an official statement. India, which has the fifth-largest coal reserves in the world, is also its second-largest consumer, driven by a rapidly growing economy, Ministry of Coal said on Wednesday. : Business Standard
Climate finance key to energy transition in India, says report
New Delhi : India must increase wind and solar generation five to six times by 2030 to meet climate goals, requiring significant investment and international support. : Hindustan Times
SJVN floats tender for 5.8 MW rooftop solar project
New Delhi : SJVN has floated a tender for the installation of 5.8 MW grid-connected rooftop solar power systems. The projects will be installed on Union Government buildings in several states, including Delhi, Madhya Pradesh, Uttar Pradesh, Haryana, Gujarat, Maharashtra, and Rajasthan. The last date of bid submission is October 16, 2024. This project is being conducted under the PM Surya Ghar: Muft Bijli Yojana. It also follows the Renewable Energy Service Company (RESCO) model. : renewablewatch.in
NTPC Green valued at Rs 78,400 crore by Goldman Sachs; brokerage maintains ‘buy’ on NTPC with Rs 430 target
New Delhi : What’s the buzz around NTPC Green on Dalal Street? Power generating PSU NTPC’s IPO-bound subsidiary, NTPC Green Energy handles the renewables business of its parent. Established in 2022, NTPC Green has a capacity of 3 GW currently with plans to take it to 20 GW by FY27. Goldman Sachs has maintained a ‘buy’ rating on NTPC, valuing it at Rs 4,17,300 crore and NTPC Green at Rs 78,400 crore. Read on to learn more about this story. : Zeebiz
India becomes 3rd largest power in Asia power index, surpasses Japan
New Delhi : The Asia Power Index reveals India’s rise in regional power dynamics, showcasing its economic recovery and increasing influence in multilateral diplomacy. : Hindustan Times
India launches CSIRT-Power to support sector against cyber threats..
New Delhi : India launches CSIRT-Power to support sector against cyber threats.. : Contructionworld
India’s Energy Transition: Is coal still necessary for reliable power supply?
New Delhi : As India advances down the road of energy transition and the costs of integrating renewable power remain competitive, a critical question arises: should the country continue to combine coal with renewable sources to ensure reliable round-the-clock supply? : Moneycontrol.com
NHPC Pays Rs 338.51 to Union Govt As Final Dividend For FY 2023-24
New Delhi : The dividend payout bank advice was presented to the Union Minister of Power and Housing and Urban Affairs, Mr. Manohar Lal Khattar, by the NHPC CMD, Mr. RK Chaudhary on September 23rd : Sarkaritel.com
RDC directs NLC to resettle 44 displaced families in Jharsuguda, Odisha
New Delhi : The revenue divisional commissioner (RDC) for Northern Division, Sambalpur on Tuesday directed Neyveli Lignite Corporation (NLC) to resettle 44 displaced families from Hirma and Kumbhari villages in Jharsuguda tehsil. : New Indian Express
Indian Power Sector Could See Rs 40 Lakh-Crore Investment Opportunity
New Delhi : The Indian power sector could see an investment opportunity of Rs 40 lakh crore over the next decade, according to Motilal Oswal Financial Services Ltd. The brokerage initiated coverage on the sector with a ‘buy’ rating on Power Grid Corp., Tata Power Co. and JSW Energy Ltd. It has a ‘neutral’ rating on NTPC Ltd. and Indian Energy Exchange Ltd. : NDTV Profit
India’s power sector has potential of INR 40 trillion investment over next decade : Motiwal Oswal
New Delhi : The tailwinds driving this “mammoth” investment are power demand accelerating at .. : Economic Times
Center sanctions 1.3K cr for power infra upgrade in Noida
New Delhi : Center sanctions 1.3K cr for power infra upgrade in Noida : Times of India
Ministry of Power finalises National Electricity Plan, aims for 458 GW peak demand by 2032
New Delhi : Ministry of Power finalises National Electricity Plan (NEP) for Central and State transmission systems, with a massive investment of ?9.15 lakh crore. This plan aims to meet the growing energy demand, targeting a peak demand of 458 gigawatts (GW) by 2032. : cnbc.com
UT power dept to be penalised for delay in services, JERC
New Delhi : UT power dept to be penalised for delay in services, JERC : Times of India
SECI aims 10 GW capacity by 2030, to go public in 2 years: CMD RP Gupta
New Delhi : SECI, which serves as an implementing agency for the development of solar, wind and hybrid projects as part of fulfilling the country’s Nationally Determined Contributions (NDCs), aims to achieve 10 GW of cumulative renewable energy capacity by 2030. : Zeebiz
Madhya Pradesh and Uttar Pradesh to collaborate on a 2 GW solar project
New Delhi : Madhya Pradesh and Uttar Pradesh to collaborate on a 2 GW solar project : powerline.net.in/
Mamata Banerjee Criticizes DVC; Announces Fund Allocation for Flood Recovery
New Delhi : Bengal Chief Minister Mamata Banerjee has stated that she “did not care” if the Centre shifted the Damodar Valley Corporation (DVC) headquarters out of Kolkata, highlighting that she did not want an organisation responsible for causing deaths by releasing water to remain in the state. : indiashorts.com
Oil and Gas
OALP Round IX gets more bids from private sector companies than PSUs
New Delhi : Breaking away from a trend where mostly public sector undertakings (PSUs) were bidding for and securing blocks under the Open Acreage Licensing Policy (OALP), the latest bid round (Round IX) has received more bids from the private sector than PSUs. While Oil & Natural Gas Corporation (ONGC) has bid for 19 blocks, Oil India Limited (OIL) has bid for nine blocks. On the other hand, Anil Agarwal’s Vedanta has submitted bids for all 28 blocks on offer, Sun Petrochemicals has bid for seven blocks, taking the total number of bids from the private sector to 35. : psuwatch.com
Ujjwala LPG use rises on higher subsidy
New Delhi : Consumption of LPG by Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries has improved to 4.2 refills/year in the last three months after the new coalition government took charge against 3.95 in 2023-24, a government official said. The increase in consumption is attributed to a moderation in prices and an increase in subsidy. : Financial Express
Major energy companies jostle for India’s OALP-9 bidding round
New Delhi : Key bidders include domestic companies like Oil and Natural Gas Corporation (ONGC), Vedanta and Reliance Industries, as well as international energy giant bp. : www.offshore-mag.com
OMCs in focus as speculation grows over potential fuel price cut before Maharashtra elections
New Delhi : According to a report by CLSA, the recent decline in crude prices, coupled with a contraction in refining spreads, has boosted marketing margins to multi-quarter highs. This financial cushion could pave the way for the government to introduce a fuel price cut, especially as elections approach. : cnbc.com
Oil India looking to start exploration in Nagaland
New Delhi : Oil and Natural Gas Corp also had to stop its exploration and production activities in Nagaland in 1994 after the National Socialist Council of Nagaland asked it to quit the state : Financial Express
Climate finance key to energy transition in India, says report
New Delhi : India must increase wind and solar generation five to six times by 2030 to meet climate goals, requiring significant investment and international support. : Hindustan Times
India becomes 3rd largest power in Asia power index, surpasses Japan
New Delhi : The Asia Power Index reveals India’s rise in regional power dynamics, showcasing its economic recovery and increasing influence in multilateral diplomacy. : Hindustan Times
Navratna PSU ONGC won Best Organisation for Sustainability Reporting
New Delhi : Navratna PSU ONGC won Best Organisation for Sustainability Reporting : psuconnect.in
BP scouts for opportunities in India, to hold board meeting
New Delhi : BP scouts for opportunities in India, to hold board meeting : Reuters
Cheaper crude gives room for excise duty hike, fuel price cut
New Delhi : The meltdown in oil prices allows the government to shore up .. : Times of India
