26-Apr-2024
Power
REC Limited avails SACE-Covered Green Loan for ~ 60.5 Billion Japanese Yen
New Delhi : In a significant step towards sustainable development in India, REC Limited, a Maharatna Central Public Sector Enterprise and leading NBFC under the Ministry of Power, has successfully availed a Green Loan of Japanese Yen (JPY) 60.536 billion to finance eligible green projects in India. : Sarkaritel.com
” New Delhi : NTPC won first prize at the prestigious SCOPE Business Quiz Bonanza (SBQB) held on 23rd April, 2024, at the SCOPE Convention Centre, New Delhi. As part of the Public Sector Day celebrations, over 100 teams from various Maharatna, Navaratna, and Miniratna PSUs participated in this competition.” : Sarkaritel.com
” New Delhi : SJVN Limited has achieved a significant milestone with the inauguration of India’s first Multi-purpose (Combined Heat & Power) Green Hydrogen Pilot Project at SJVN’s 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Jhakri, Himachal Pradesh.” : Sarkaritel.com
” New Delhi : A Ministerial Round Table Conference was held on 24th April, 2024, at the ongoing 26th edition of World Energy Congress in Rotterdam, Netherlands.” : Sarkaritel.com
India highlights PM-KUSUM solar scheme for farmers at World Energy Congress
New Delhi : India’s Power Secretary Pankaj Agarwal highlighted the steps that the Narendra Modi government was taking to promote solar power in the country to help convergence towards the COP28 renewable energy and energy efficiency commitments at the ongoing 26th edition of World Energy Congress. : Sarkaritel.com
” New Delhi : The Energy Minister of Saudi Arabia led a delegation to the Power Finance Corporation’s stall at the India Pavilion in Rotterdam, Netherlands during the ongoing World Energy Congress (WEC 2024).” : psuconnect.in
MoU Signed Between NTPC Limited And Rashtriya Ispat Nigam Limited
New Delhi : The MoU was signed by Shri Surinder Pal Singh Virk (Chief General Manager, Corporate Centre-Fuel Management, NTPC) and Shri Rajat Aich (GM, Marketing & RM-AP), RINL in the presence of Shri S K Sinha (Head of Project, NTPC Simhadri) and Sh. D K Mohanty (Director, Commercial), RINL. : indianpsu.com
REC Ltd secures Japanese green loan of Rs 3,200 crore
New Delhi : REC Ltd on Thursday said it has secured a green loan for JPY 60.536 billion (about Rs 3,200 crore) to finance eligible clean energy projects. : Economic Times
REC gets 60.5 bn yen green loan from Italian export credit agency SACE
New Delhi : State-owned REC on Thursday said it has availed a green loan of 60.5 billion Japanese Yen (Rs 3,250 crore) from Italian export credit agency SACE to finance green projects in India. : Business Standard
CMD IREDA proposes innovative financing solutions for emerging renewable energy technologies
New Delhi : CMD IREDA proposes innovative financing solutions for emerging renewable energy technologies. : Economic Times
Tamil Nadu absorbs 40.5mu solar power into grid, maximum in a day so far
New Delhi : Tamil Nadu absorbs 40.5mu solar power into grid, maximum in a day so far. : Economic Times
Tumble in storage battery costs to boost shift to renewables, says IEA
New Delhi : Tumble in storage battery costs to boost shift to renewables, says IEA. : Economic Times
NTPC-NPCIL JV may invite bids for work on Rajasthan nuclear power unit this FY
New Delhi : NTPC Ltd and Nuclear Power Corporation of India, through joint venture Anushakti Vidhyut Nigam Ltd, are looking to invite bids for works of 2,800-MW Mahi Banswara Rajasthan nuclear power project in this financial year in line with the government’s aim to speed up nuclear power generation. : Economic Times
REC to lend ?1, 869 cr for 624 MW Kiru hydro project in Jammu & Kashmir
New Delhi : State-run REC Ltd has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL) to provide it with a financial assistance of ?1,869.26 crore as a term loan. : Mint
KPI Green Energy Q4 results: Net profit rise 36% to Rs 43.04 crore
New Delhi : KPI Green Energy on Thursday posted nearly 36 per cent rise in consolidated net profit to Rs 43.04 crore in the March quarter mainly on the back of higher revenues. : Business Standard
Indian startup develops sand-based gravity energy storage system
New Delhi : Baud Resources, an IIT Kanpur incubated deep-tech startup, has developed a novel approach to gravity-based energy storage that operates on gravitational potential energy without the need for water, dams or hills, unlike the pumped hydro storage. : pv-magazine.com
BHEL’s Central Procurement Cell organised a business associates meet
New Delhi : BHEL is set to play a major role in the significant thermal capacity addition plan of Govt. of India by 2031-32 and is equipped to capitalise on these emerging opportunities. : psuconnect.in
Moody’s Ratings assigns Baa3 rating to NHPC, outlook stable
New Delhi : NHPC’s Baa3 rating reflects its BCA of ba1, the high level of extraordinary support from, and the company’s very high level of dependence on, the Government of India (Baa3 stable) under Moody’s Joint Default Analysis (JDA) approach for government-related issuers (GRIs). : psuconnect.in
Grew Energy’s 200 MW Module Contract From SECI To Support Market Building
New Delhi : Grew Energy’s 200 MW Module Contract From SECI To Support Market Building. : saurenergy.com
” New Delhi : Pradip Kumar Das, Chairman & Managing Director of Indian Renewable Energy Development Agency Ltd. (IREDA), participated in a panel discussion on “The New Interdependencies: Trust, Security and Climate Resilience” on 24th April 2024 at 26th World Energy Congress held in Rotterdam, Netherlands.” : Sarkaritel.com
REC gets JPY 60.5 bn green loan from Italian export credit agency Space
New Delhi : REC gets JPY 60.5 bn green loan from Italian export credit agency Space. : newsdrum.in
SACE Grants REC Green Loan of JPY 60.5 Billion
New Delhi : REC has secured a $60.5 billion Japanese Yen green loan from Italian agency SACE to finance sustainable projects in India. : devdiscourse
REC secures JPY 60.5 billion green loan from Italian export credit agency SACE
New Delhi : Renewable Energy Corporation (REC) has achieved a significant milestone by securing a green loan worth 60.5 billion Japanese Yen (approximately Rs 3,250 crore) from the Italian export credit agency, SACE. This financing endeavor marks a pivotal moment in sustainable financing for REC and underscores the growing commitment to green projects in India. : Zeebiz
REC Limited avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen
New Delhi : In a significant step towards sustainable development in India, REC Limited, a Maharatna Central Public Sector Enterprise and leading NBFC under the Ministry of Power, has successfully availed a Green Loan of Japanese Yen (JPY) 60.536 billion to finance eligible green projects in India. : psuconnect.in
Inox Wind Limited announces 3:1 bonus share issue to shareholders
New Delhi : Inox Wind Limited announces 3:1 bonus share issue to shareholders. : Economic Times
REC to extend Rs 1,869 cr loan for Kiru hydro project in J&K
New Delhi : REC to extend Rs 1,869 cr loan for Kiru hydro project in J&K. : Economic Times
Solar companies seek new US tariffs on Asian imports
New Delhi : Solar companies seek new US tariffs on Asian imports. : Economic Times
Higher generation capacity, gas-based plants to help meet India’s high summer power demand: Fitch
New Delhi : Fitch Ratings expects India’s power demand to rise by 7-8 per cent year-on-year in second quarter of 2024 due to robust industrial activity, strong GDP growth and the Indian Meteorological Department’s (IMD) forecast of above-normal temperatures during the summer months. : Economic Times
Macquarie calls off plans to sell renewable energy company Vibrant Energy
New Delhi : Australia’s Macquarie Asset Management has cancelled its plans to divest the renewable energy platform Vibrant Energy due to a discrepancy in valuation during negotiations, as reported by the Economic Times. : Business Standard
Nepal aims to export 10,000 MW hydroelectricity to India: President Paudel
New Delhi : The Nepal government has accorded top priority to the development of the hydropower sector and aims to export 10,000 MW of hydropower to India in the next decade, President Ramchandra Paudel said on Thursday. : Business Standard
Another bidding extension for 300 MW solar EPC in Andhra Pradesh
New Delhi : Solar Energy Corp. of India Ltd (SECI) has extended bidding for 300 MW of ground-mount solar power projects in Andhra Pradesh by two weeks. : pv-magazine.com
REC Limited Avails SACE-Covered Green Loan For 60.5 Billion Japanese Yen
New Delhi : In a significant step towards sustainable development in India, REC Limited, a Maharatna Central Public Sector Undertaking and leading NBFC under the Ministry of Power, has successfully availed a Green Loan of Japanese Yen (JPY) 60.536 billion to finance eligible green projects in India. : indianpsu.com
Grew Energy bags largest order of 200 MW Contract of SECI’s Auction
New Delhi : One of India’s emerging energy sustainability brands, Grew Energy Pvt. Ltd has won the largest share of the 200 MW contract of Solar Energy Corporation of India’s (SECI) auction. : psuconnect.in
SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
New Delhi : Smt. Geeta Kapur, Chairman & Managing Director, SJVN Limited today visited under construction 382 MW Sunni Dam and 210 MW Luhri Stage-1 Hydro Electric Projects. : psuconnect.in
Saudi Energy Minister Visits PFC at WEC2024
New Delhi : The Energy Minister of Saudi Arabia led a delegation to the Power Finance Corporation’s stall at the India Pavilion in Rotterdam, Netherlands during the ongoing World Energy Congress (WEC 2024). : psuconnect.in
CERC Allows Fortum Subsidiary To Retain Connectivity For 300 MW Karnataka Project
New Delhi : CERC Allows Fortum Subsidiary To Retain Connectivity For 300 MW Karnataka Project. : saurenergy.com
REC gets Rs 3,250 cr green loan from Italian export credit agency SACE
New Delhi : State-owned REC on Thursday said it has availed a green loan of 60.5 billion Japanese Yen (Rs 3,250 crore) from Italian export credit agency SACE to finance green projects in India. : psuwatch.com
Oil and Gas
” New Delhi : SJVN Limited has achieved a significant milestone with the inauguration of India’s first Multi-purpose (Combined Heat & Power) Green Hydrogen Pilot Project at SJVN’s 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Jhakri, Himachal Pradesh.” : Sarkaritel.com
GAIL plans to expand LNG trading business to global markets
New Delhi : India’s top gas marketer GAIL aims to become a global liquefied natural gas (LNG) trader as the expanding market fuels new business opportunities. : Economic Times
India’s first multi-purpose green hydrogen pilot project inaugurated
New Delhi : India’s first multi-purpose green hydrogen pilot project inaugurated. : Economic Times
SJVN inaugurates India’s first multi-purpose green hydrogen pilot project in Himachal Pradesh
New Delhi : SJVN inaugurates India’s first multi-purpose green hydrogen pilot project in Himachal Pradesh. : Economic Times
India, UAE on track to surpass USD 100 bn non-oil trade target by 2030: Ahmed Aljneibi
New Delhi : India, UAE on track to surpass USD 100 bn non-oil trade target by 2030: Ahmed Aljneibi. : Economic Times
India lets oil firms procure extra ethanol from sugar mills, source says
New Delhi : India lets oil firms procure extra ethanol from sugar mills, source says. : Economic Times
India calls for international cooperation on CCUS and green hydrogen at World Energy Congress
New Delhi : India calls for international cooperation on CCUS and green hydrogen at World Energy Congress. : Economic Times
Higher generation capacity, gas-based plants to help meet India’s high summer power demand: Fitch
New Delhi : Fitch Ratings expects India’s power demand to rise by 7-8 per cent year-on-year in second quarter of 2024 due to robust industrial activity, strong GDP growth and the Indian Meteorological Department’s (IMD) forecast of above-normal temperatures during the summer months. : Economic Times
Petrol and diesel prices remain stable for 41 days in Chennai
Chennai : In Chennai, the price of petrol and diesel remain stable for the past 41 days. Accordingly, one litre of petrol cost Rs 100.75 and diesel costs for Rs 92.34 in the city. : dtnext.in
Crude oil processing volumes rose to 23.4 mmt in March: PPAC data
New Delhi : Crude oil volumes processed by Indian refiners rose to 23.4 million metric tonnes (MMT) in March, data released by the Petroleum Planning and Analysis Cell (PPAC) on Thursday showed. Processed volumes rose by 1.6 per cent compared to 23 MMT processed in March 2023. : Business Standard
CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
New Delhi : Chennai Petroleum Corporation Ltd, a subsidiary of Indian Oil Corporation (IOC), reported a significant drop in its net profit for the March 2024 quarter compared to the same period last year. : psuconnect.in
India lets oil firms procure extra ethanol from sugar mills, source says
New Delhi : India lets oil firms procure extra ethanol from sugar mills, source says. : Economic Times
LNG contract prices set to decline amid oversupply and overinvestment: S&P Global
New Delhi : LNG contract prices set to decline amid oversupply and overinvestment: S&P Global. : Economic Times
CPCL Q4 Results: Profit falls 39% YoY to Rs 628 crore
New Delhi : CPCL Q4 Results: Profit falls 39% YoY to Rs 628 crore. : Economic Times
Canada’s LNG Energy signs Venezuela oil contract
New Delhi : Canada’s LNG Energy signs Venezuela oil contract. : Economic Times
Pressure on gas and LNG prices to help switch from coal, says J.P. Morgan
New Delhi : Pressure on gas and LNG prices to help switch from coal, says J.P. Morgan. : Economic Times
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On April 25
New Delhi : Petrol and Diesel Prices On April 25, 2024: The price of crude oil continues to fluctuate in the international market. Brent crude is $ 88 per barrel, while WTI crude is trading at $ 82.77 per barrel. On the other hand, talking about India, government oil companies have kept the prices of petrol and diesel stable in all metros even today, 25 April 2024. : news18.com
India’s oil imports from Russia drops 19% in February, Saudi Arabia 2nd largest supplier
New Delhi : Russia continued to remain the largest supplier of crude oil to India in February with $3.61 billion worth of supplies, although with a 19% drop from the previous month. : Mint
