MEDIA UPDATE (AUGUST 04, 2022)

Sarkaritel
By Sarkaritel August 4, 2022 06:27


04-Aug-2022

Power

” New Delhi : NHPC organized a free Covid vaccination camp (covaxin & covishield) for 15 years and above (1st and 2nd dosage) and booster dose for adults on 3rd August 2022 at NHPC Corporate Office, Faridabad. During the vaccination camp a total of 401 NHPC employees/ex-employees/contract staff and their family members received their second/ booster dosage of vaccine which included 36 Covaxin and 365 Covishield vaccines. ” : Sarkaritel.com

Inox Wind bags order of 200 MW from NTPC Renewable Energy Limited

New Delhi : Wind energy solutions provider, Inox Wind, has bagged an order for a 200 MW wind power project from NTPC Renewable Energy Limited, a wholly owned subsidiary of NTPC Limited, to be commissioned in the state of Gujarat. : Economic Times

CIL dispatches over 152 MT of coal to power sector in Q1

New Delhi : State-owned CIL dispatched 152.49 million tonnes (MT) of coal to the power sector during April-June 2022, a year-on-year rise of 19 per cent, Parliament was informed on Wednesday. Coal India Limited (CIL) is the largest producer and supplier of the dry fuel in the country. : Economic Times

Tata Power Green commissions 225 MW hybrid power project for Mumbai customers

New Delhi : Tata Power Green Energy Limited (TPGEL), a wholly-owned subsidiary of Tata Power, has commissioned a 225MW Hybrid power project in Rajasthan, the company said today. : Economic Times

India set to turn to water for the next wave of renewable energy growth

New Delhi : A slew of renewable energy projects that operate on water have been commissioned and announced by public and private sector players in India recently and the trend is set to grow in the coming years as the country firms up focus on floating solar and offshore projects. : Economic Times

‘Complex’ Punjab power tariff behind revenue loss: Report

Chandigarh : The parliamentary standing committee on energy has blamed the “complex” power tariff structure for disputes and revenue loss. : Economic Times

Floating solar power plant to come up in Supaul this month

Patna : The state energy department is all set to operationalise a floating solar power plant in Supaul this month under the state government’s ambitious ‘Jal Jeevan Hariyali’ programme. : Economic Times

NTPC-arm in Bihar failed to achieve CERC norms: CAG report

New Delhi : NTPC-arm Kanti Bijlee Utpadan Nigam Ltd is not operating at full capacity and has failed to achieve norms fixed by the Central Electricity Regulatory Commission, according to a CAG report. : Economic Times

Uninterrupted electricity supplied to paddy growers: Punjab power minister

Chandigarh : Punjab power minister Harbhajan Singh on Tuesday said that uninterrupted electricity was supplied to paddy farmers in the state during the current sowing season. Electricity has been provided to all agricultural pumpsets and eight hours of power supply is ensured daily to the tubewell connections, he said in a statement here. : Economic Times

Kolkata to get 1,180 e-buses in country’s biggest drive

Kolkata : In the biggest allotment of e-buses in India, the process of handing over of 1,180 e-buses will kick off in Kolkata on Wednesday with the Bengal transport department signing a memorandum of understanding with Tata Motors Ltd for the operation and maintenance of these buses under the Opex model. : Economic Times

Adani Transmission posts 61% drop in profi

New Delhi : Transmission company, Adani Transmission Ltd NSE 2.45 %, posted a 61% drop at Rs 168 crore in consolidated net profit for the quarter ended June 2022. Profit for the June quarter of last fiscal was at Rs 433 crore. : Economic Times

Centre seeks ₹22K crore for 900-km Ladakh power link

New Delhi : Driven by strategic concerns, the government has sent a note to the expenditure finance committee (EFC) for the construction of the 900-km power transmission link from Ladakh at an investment of around ₹22,000 crore, said two government officials aware of the development. : Mint

Adani Power Q4 FY22 Results: Profit Hikes to Rs 4,780 cr

New Delhi : Adani Power Limited a part of the Adani Group, today announced the financial results for the quarter and year ended March 31st, 2022. : Economic Times

CERC Rejects ReNew Power Plea On Force Majeure for 250 MW Wind Project

New Delhi : CERC Rejects ReNew Power Plea On Force Majeure for 250 MW Wind Project. : saurenergy.com

Tata Power’s Analyst Call Q1 FY23: Large-Scale Renewable Projects, Orders In Offing

New Delhi : Tata Power’s Analyst Call Q1 FY23: Large-Scale Renewable Projects, Orders In Offing. : saurenergy.com

Month in a Minute: Top Headlines from Indian Renewable Sector in July 2022

New Delhi : Month in a Minute: Top Headlines from Indian Renewable Sector in July 2022. : mercomindia.com

Funding and M&A Roundup: PNE AG Acquires Majority Stake in Spanish Solar Developer

New Delhi : Funding and M&A Roundup: PNE AG Acquires Majority Stake in Spanish Solar Developer. : mercomindia.com

GAIL Invites Bids from Project Management Consultants for a 10 MW Solar Project

New Delhi : GAIL Invites Bids from Project Management Consultants for a 10 MW Solar Project. : mercomindia.com

Central Electronics Invites Bids for 1.5 Million Multicrystalline Solar Cells

New Delhi : Central Electronics Invites Bids for 1.5 Million Multicrystalline Solar Cells. : mercomindia.com

China’s State Grid to invest $22 bln in ultra high voltage power lines: report

Singapore : China’s State Grid plans to invest more than 150 billion yuan ($22 billion) in the second half of 2022 in ultra high voltage (UHV) power transmission lines, state media Xinhua News reported on Wednesday, citing the company’s chairman Xin Bao’an. : Economic Times

Adani Power Q1 profit rises to Rs 4,780 crore

New Delhi : Adani Power Limited on Wednesday posted a manifold jump in consolidated net profit to Rs 4,779.86 crore in the quarter ended June 2022, on account of growth in income. The consolidated net profit of the company in the year-ago period was at Rs 278.22 crore, according to a regulatory filing. : Economic Times

The Energy Conservation (Amendment) Bill to be tabled in LS today

New Delhi : The Government is scheduled to introduce The Energy Conservation (Amendment) Bill, 2022 in the Lok Sabha on Wednesday. While Power Minister R.K. Singh will move the bill on energy conservation, Education Minister Dharmendra Pradhan will table a Bill to amend the Central Universities Act, 2009 . : Economic Times

GM paying Livent $198 million for guaranteed lithium supply

New Delhi : General Motors Co is prepaying Livent Corp $198 million for a guaranteed six-year supply of lithium to build electric vehicle batteries, a deal that underscores surging demand for the metal among automakers. : Economic Times

Govt eases imported coal blending norms for power producers

New Delhi : The government has relaxed norms for blending of imported coal by power generation companies and allowed states and independent power producers to import the fuel as per requirements. The government has left on states and Independent Power Producers (IPPs) as well as the coal ministry to decide the percentage of imported coal for blending purpose. : Economic Times

Govt agrees to give financial assistance for solar agri pumps up to 15 HP under PM-KUSUM: Khuba

New Delhi : The finance ministry has agreed to a proposal on the Central Financial Assistance (CFA) to solar pumps up to 15 horse power capacity in the north-eastern and Himalayan states, Parliament was informed on Tuesday. In 2019, the government launched the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) Scheme with 3 components. : Economic Times

Centre weighs new segment on power bourses for costly projects

New Delhi : The government is considering a new market segment on power exchanges that would allow the sale of electricity at prices higher than the general ceiling to allow high-cost projects such as gas or imported coal-based plants to sell power. : Economic Times

Nod to Tata Power JV’s takeover of UP Transmission Co

New Delhi : The Uttar Pradesh power regulator has approved the takeover of the South East UP Power Transmission Company by Resurgent Power Ventures, a JV between Tata Power and ICICI Bank. : Economic Times

Tata Power Green Energy commissions 225-MW hybrid power project in Rajasthan

New Delhi : Tata Power Green Energy, a wholly-owned subsidiary of Tata Power, on Wednesday said it has commissioned a 225 megawatt (MW) hybrid power project in Rajasthan. : Economic Times

Greenko secures Rs 5,500 cr loan for first off-river power storage project

New Delhi : Greenko has tied up a Rs 5,500 crore loan from Power Finance Corporation NSE -0.21 % (PFC) to build India’s first off-river energy storage project, which will be located in Andhra Pradesh, according to two people aware of the matter. : Economic Times

Adani Power Q1 results: Profit jumps 16x to ₹4,780 cr, revenue rises 109%

New Delhi : Adani Power on Wednesday reported a 1,619% rise in consolidated profit after tax (PAT) at ₹4,780 crore for the quarter ended 30 June, 2022 compared with ₹278 crore in the corresponding quarter last year. : Mint

Govt plans to reach 1.3 BT coal production by 2024-25

New Delhi : Coal is the mainstay of the Indian Energy system and about 80 % of coal production is supplied to the power sector and the rest goes to other industrial uses. With “Make In India’ initiatives and a higher growth projection of the economy, the demand for coal for both power sectors and other industrial uses has been growing. : psuconnect.in

India’s Energy Consumption In July 2022 Rises By 3.8%

New Delhi : India’s Energy Consumption In July 2022 Rises By 3.8%. : saurenergy.com

Longroad Energy To Invest $500 Million To Expand Renewable Energy Portfolio

New Delhi : Longroad Energy To Invest $500 Million To Expand Renewable Energy Portfolio. : saurenergy.com

Parliamentary Committee Disappointed With Ministry Over Delay In Solar Park Projects

New Delhi : Parliamentary Committee Disappointed With Ministry Over Delay In Solar Park Projects. : saurenergy.com

Tata Power Green Commissions 225 MW Project in Rajasthan

New Delhi : Tata Power Green Commissions 225 MW Project in Rajasthan. : saurenergy.com

Funding and M&A Roundup: PNE AG Acquires Majority Stake in Spanish Solar Developer

New Delhi : Funding and M&A Roundup: PNE AG Acquires Majority Stake in Spanish Solar Developer. : mercomindia.com

Project Finance Brief: Spearmint Energy Acquires 150 MW Battery Energy Storage Project

New Delhi : Project Finance Brief: Spearmint Energy Acquires 150 MW Battery Energy Storage Project. : mercomindia.com

India’s Solar Power Generation Up by 34% YoY in 1H 2022

New Delhi : India’s Solar Power Generation Up by 34% YoY in 1H 2022. : saurenergy.com

European Bank To Invest $21.4M In Azerbaijan’s Solar Plant

New Delhi : European Bank To Invest $21.4M In Azerbaijan’s Solar Plant. : saurenergy.com

IREDA organises health check up for employees

New Delhi : Indian Renewable Energy Development Agency Ltd. (IREDA) organised a preventive health check-up for its employees, under the aegis of “Azadi Ka Amrit Mahotsav”. The health check-up was organised today at IREDA’s Registered and Corporate Office. : psuconnect.in


Oil and Gas

” New Delhi : Dr. Ranjit Rath, an alumnus of IIT Bombay& IIT Kharagpur,tookover asthe new Chairman & Managing Director (CMD) of Oil India Limited (OIL),India’s second largest National Exploration & Production Company today” : Sarkaritel.com

” New Delhi : Petroleum Minister Hardeep Singh Puri, here today released publications on Diamond Jubilee milestone of IndianOil’s Guwahati Refinery & Golden Jubilee celebrations of Bongaigaon Refinery. Rameswar Teli, Minister of State for Petroleum and Natural Gas & Labour and Employment, S M Vaidya, Chairman and Sukla Mistry, Director (Refineries), IndianOil were also present.” : Sarkaritel.com

Oil prices likely to fall to $90 a barrel in two months, says BPCL chairman Arun Kumar Singh

New Delhi : Bharat Petroleum Corp (BPCL) chairman and managing director Arun Kumar Singh has said soaring oil prices are likely to drop to $90 per barrel in two months, as worries of an impending global recession grip the commodity market, which would adversely impact global demand at a time when supply from Russia is unlikely to fall. : timesnownews

Ranjit Rath takes over as Oil India chairman

New Delhi : Ranjit Rath has taken over as the new chairman and managing director of India’s second-largest state-run oil and gas producer, Oil India Ltd. A geoscientist, Rath is an alumnus of IIT Bombay, IIT Kharagpur and Utkal University and took over the charge on August 2, the company said in a statement on Wednesday. : Economic Times

Indian Oil to give Rs 50 crore for Cheetah reintroduction project

New Delhi : Indian Oil will contribute Rs 50 crore over four years to the government’s Cheetah reintroduction project, according to a pact signed Tuesday with the National Tiger Conservation Authority (NTCA). : Economic Times

Ranjit Rath appointed as Chairman and MD of Oil India Limited

New Delhi : Ranjit Rath, a man with experience of more than 25 years in geosciences, has taken over as the new Chairman and Managing Director (CMD) of Oil India Limited (OIL). He took charge of the organization on 2 August. : Mint

Indian Oil inks MoU with National Tiger Conservation Authority

New Delhi : Indian Oil signed an MoU with National Tiger Conservation Authority (NTCA) for transcontinental relocation of ‘Cheetah’ in its historical range in India, today. : psuconnect.in

Dr. Ranjit Rath, the New CMD of Oil India

New Delhi : Dr. Ranjit Rath, an alumnus of IIT Bombay & IIT Kharagpur, took over as the new Chairman & Managing Director (CMD) of Oil India Limited (OIL), India’s second largest National Exploration & Production Company, on 2nd August 2022 in Noida. He is a proud recipient of the prestigious National Geosciences Award from the Hon`ble President of India. : psuconnect.in

Indian Oil signs MoU with Bangladesh Govt to move POL & LPG trucks

New Delhi : The government-owned oil andgas producer, Indian Oil Corporation Limited (IOCL) signs a Memorandum of Understanding with the Roads & Highways Department, Government of Bangladesh for transit movement of IndianOil’s POL & LPG trucks to India’s North East Region via Bangladesh. : psuconnect.in

Big Oil offers big returns but keeps spending tight

New Delhi : The West’s energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter of the year following a surge in energy prices. : Economic Times

Indonesia’s Pertamina unit plans hydrogen production trial in 2023

Jakarta : A unit of Indonesian state oil and gas company PT Pertamina aims to start a trial of hydrogen energy production next year as it seeks to expand its clean energy portfolio, a company official said on Wednesday. : Economic Times

Oil prices dip ahead of OPEC+ meeting

London : Oil prices dipped on Wednesday ahead of a meeting of OPEC+ producers at which producers are expected to keep output steady with spare capacity limited and against the backdrop of fears that a slowdown in global growth will hit fuel demand. : Economic Times

France will have filled up its strategic gas reserves by start of November: minister

Paris, France : France will have filled out 100 percent of its strategic gas reserves by November 1, government energy transition minister Agnes Pannier-Runacher told C News TV, as European countries prepare for fewer energy supplies coming through from Russia. : Economic Times

OPEC+ meets after Biden push to hike oil output

Vienna : The OPEC+ group of major oil exporters meets Wednesday to discuss its output strategy after US President Joe Biden lobbied Saudi Arabia to boost production to tame soaring prices. : Economic Times

India steps up diplomacy to buy oil from the Russian Far East

New Delhi : India and Russia continue to expand their partnership in the Arctic, deepening cooperation in high latitudes, both in bilateral and multilateral formats. : Economic Times

Govt cuts windfall tax on fuel export, raises levy on domestic crude oil

New Delhi : The government on Tuesday evening cut the windfall tax on diesel and ATF in line with softening international petroleum product prices but raised the duty on domestically produced crude oil. : Economic Times

S&P gives Oman oil and gas firm EDO ‘BB-‘ rating

New Delhi : S&P Global Ratings assigned Oman state oil and gas producer Energy Development Oman (EDO) a “BB-” rating with a stable outlook, citing access to sizeable hydrocarbon reserves and a leading share of Omani production. : Economic Times

Equinor could keep Norway gas power plant amid risk of shortage

Oslo : Norway’s Equinor said on Tuesday is could reverse a decision to decommission its gas-fired Mongstad electricity plant as the country scrambles to preserve power output capacity. : Economic Times

G7 mulls options to restrict Russian oil profits

London : The Group of Seven (G7) wealthy nations is looking at blocking the transportation of Russian oil among other options to deprive Moscow of bumper revenues amid its invasion of Ukraine, unless it heeds a price cap. : Economic Times

Germany’s gas levy cannot be implemented as planned, say sources

Berlin, Germany : The German government will have to amend its energy security law again in September as its gas levy cannot yet be imposed on all consumers, including those with fixed prices contracts, government and parliamentary sources told Reuters on Wednesday. : Economic Times

Power, gas supply disruptions slam Venezuela’s oil exports in July

New Delhi : Outages disrupting Venezuela’s power and gas supplies to state-run energy firm PDVSA hit July oil exports, contributing to a 27 per cent fall from the previous month, according to Refinitiv Eikon vessel tracking data and the company’s internal documents. : Economic Times

Oil prices could decline to $90/barrel in two months

New Delhi : Oil prices could tumble to $90 per barrel in two months if the economic headwinds in the US and China continue, which would affect global demand at a time when supply from Russia is unlikely to drop, Bharat Petroleum Corp (BPCL) chairman Arun Kumar Singh has said. : Economic Times

Essar Oil UK strikes ‘landmark’ supply pact with Liverpool Airport

New Delhi : Indian conglomerate Essar’s UK arm, Essar Oil (UK), on Tuesday announced that it has signed a major new agreement with Liverpool John Lennon Airport for the direct supply of aviation fuel to commercial airlines. : Economic Times

City gas distributors face uncertainty on high gas prices

New Delhi : Spiralling global prices of natural gas amid a surge in demand from Europe and lower supplies from Russia is posing a serious challenge for India’s gas industry. : Mint

OPEC, allies agree to modest increase in oil production

New Delhi : OPEC and its allies agreed to a small increase in oil production on Wednesday following calls by the U.S. and other major consumers for more supply, but the symbolic move is expected to have a minimal impact on crude prices. : Mint

OPEC+ to decide oil output to world amid record inflation and volatile supplies

New Delhi : The OPEC oil cartel and its allies are meeting Wednesday to decide how much crude to produce in September amid high oil prices and unstable energy supplies exacerbated by the war Russia has waged on Ukraine. : Mint

OPEC+ boosts September oil output by slower pace than previous months

New Delhi : The OPEC oil cartel and its allies decided on Wednesday to boost production in September by a much slower pace than in previous months at a time of high oil prices and unstable energy supplies exacerbated by the war Russia has waged on Ukraine. : Business Standard

India’s First Public Sector Refinery Turned 60

New Delhi : Union Minister Union Minister for Housing & Urban Affairs and Petroleum & Natural Gas today attends a special event that signifies the milestones in India’s oil & gas sector. : psuconnect.in

MoP&NG Union Minister unveils commemorative publications & stamps of IndianOil Refineries

New Delhi : Shri Hardeep S Puri, Union Minister, Ministry of Petroleum and Natural Gas and Ministry of Housing and Urban Affairs, released prestige publications on Diamond Jubilee milestone of IndianOil’s Guwahati Refinery & Golden Jubilee celebrations of Bongaigaon Refinery in presence of Shri Rameswar Teli, Minister of State, Ministry of Petroleum and Natural Gas & Ministry of Labour and Employment, Shri SM Vaidya, Chairman and Ms Sukla Mistry, Director (Refineries), IndianOil. : psuconnect.in

Microsoft Announces Success Of Hydrogen Fuel Cell Trial At New York Datacenter

New Delhi : Microsoft Announces Success Of Hydrogen Fuel Cell Trial At New York Datacenter. : saurenergy.com

GAIL Invites Bids from Project Management Consultants for a 10 MW Solar Project

New Delhi : GAIL Invites Bids from Project Management Consultants for a 10 MW Solar Project. : mercomindia.com

Aurora Hydrogen Raises $10 Million To Develop Hydrogen Technology

New Delhi : Aurora Hydrogen Raises $10 Million To Develop Hydrogen Technology. : saurenergy.com

IOC Wants Green Hydrogen To Meet 10% Of Energy Requirements By 2030

New Delhi : IOC Wants Green Hydrogen To Meet 10% Of Energy Requirements By 2030. : saurenergy.com

Adani Group, RIL to set up biogas plants at Rs 500-600 cr investment each

New Delhi : The Adani and Reliance Group are each planning to invest Rs 500-600 crore and set up compressed biogas (CBG) plants, a media report said on Wednesday. : Business Standard

Oil prices down ahead of OPEC+ meet

New Delhi : Crude oil prices fell in early trade on Wednesday ahead of the meeting of the Organization of the Petroleum Exporting Countries (Opec) and its allies, scheduled to start later in the day. : Mint

CNG, PNG up for fifth time this year in Mumbai

New Delhi : The prices of Compressed Natural Gas (CNG) and domestic Piped Natural Gas (PNG) increased in Mumbai from the midnight of August 2. This is the fifth time that there has been an increase in the prices of CNG and PNG in the metropolitan city. : Mint

CNG, PNG prices go up again in Mumbai

Mumbai : In less than a month, city gas distributor Mahanagar Gas Ltd NSE -0.71 % (MGL), has, for the second time, increased prices for compressed natural gas (CNG) by Rs 6 per kilogram and piped natural gas (PNG) by Rs 4 a unit. This is also the sixth price hike since April this year. : Economic Times

Oil falls on demand worries, stronger US dollar

Melbourne : Oil prices fell about 1 per cent in early trade on Wednesday, reversing gains from the previous session ahead of a meeting OPEC+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer dollar. : Economic Times

OPEC+ meeting to test Biden’s Saudi oil entreaty

Vienna : The OPEC+ group of major oil exporters meets Wednesday to discuss its output strategy after US President Joe Biden lobbied Saudi Arabia to boost production to tame energy-fuelled inflation. : Economic Times

Sarkaritel
By Sarkaritel August 4, 2022 06:27