” New Delhi : Pramod Boro, Chief Executive Member, BTR today interacted with the 40 Girl Empowerment Mission (GEM) girls of NTPC Bongaigaon under its “Meet the Role Models” Initiative and also as a part of their educational tour to BTC Secretariat.” :
Sarkaritel.com
REC Q1 net rises 8 per cent to Rs 2,454 cr
New Delhi : State-owned REC Ltd has posted an 8 per cent increase in its consolidated net profit at Rs 2,454.16 crore for the first quarter ended June 30, on the back of reduced expenses. The company had clocked a net profit of Rs 2,268.66 crore during the April-June quarter of financial year 2021-22, the company said in a regulatory filing on Thursday. : Economic Times
REC sanctions Rs 22,000 cr to discoms under LPS rules
New Delhi : State-owned NBFC REC Ltd on Thursday said it has sanctioned Rs 22,000 crore to power distribution companies (discoms) to clear their outstanding dues. : Economic Times
India’s Power Finance Corp to issue multi-tenor bonds: traders
Mumbai : India’s Power Finance Corp plans to raise funds through sale of bonds maturing in three years as well as 10 years, four merchant bankers said on Friday. : Economic Times
RBI hikes benchmark lending rate by 50 basis points to curb inflation
Mumbai : The Reserve Bank of India (RBI) on Friday raised the benchmark lending rate by 50 basis points to 5.40 per cent to tame inflation. With the latest hike, the repo rate or the short term lending rate at which banks borrow has crossed the pre-pandemic level of 5.15 per cent. : Economic Times
BHEL Q1 net loss narrows to Rs 188 cr
New Delhi : State-owned Bharat Heavy Electricals Limited (BHEL) on Thursday reported narrowing of its consolidated net loss to Rs 187.99 crore for the quarter ended June 30, 2022. : Economic Times
Coal crisis unlikely this year: CIL Chairman Pramod Agrawal
New Delhi : Coal stocks at power plants will be in a comfortable position post-monsoons this year and a crisis like last August’s is unlikely, Coal India chairman Pramod Agrawal said. The company is reorienting its strategy by accelerating its production pace from the first quarter itself. : Economic Times
REC okays subscribing 50% equity in asset management firm PFC Projects
New Delhi : State-owned REC Ltd board has approved a proposal for subscribing 50 per cent equity not exceeding Rs 50 crore in PFC Projects, a power asset management company for taking over stressed assets. : Business Standard
German utility EnBW plans 31 per cent electricity bill hike: report
Berlin, Germany : Customers of Germany’s EnBW could see their electricity bills jump by almost a third from October 1, according to a media report, as power utilities hike prices to pass on soaring energy costs. : Economic Times
Heavy rains lead to increased hydropower generation in TN
Chennai : The heavy southwest monsoon in the Western Ghats and constant inflow of water from reservoirs in Karnataka have led to dams in Tamil Nadu gaining full capacity. : Economic Times
Switzerland’s new energy asset: hydro plant with capacity to charge 400,000 car batteries
New Delhi : Switzerland is adding a much needed cog in the wheel to its energy supply with an underground hydropower plant that says it has capacity to store enough electricity to charge 400,000 car batteries simultaneously. : Economic Times
Rio Tinto attracts several proposls to build 4 GW of wind, solar power
Melbourne : Global miner Rio Tinto has received several offers to build 4 gigawatts (GW) of wind and solar farms to power its alumina and aluminium operations in Australia’s Queensland state, the company’s Australia head said on Friday. : Economic Times
Hydel power focus in KRMB meeting
Hyderabad : Both Telangana and Andhra Pradesh would continue hydel power generation in their respective jurisdictions and a standing committee is to be set up at Krishna River Management Board (KRMB) to take decision on it on a permanent basis. : Economic Times
Coal stock position will be comfortable after monsoon
New Delhi : Coal stocks at power plants will be in a comfortable position post-monsoons this year and a crisis like last year’s is unlikely, Coal India chairman Pramod Agrawal said in an exclusive interview with ET. : Economic Times
Kalpataru Power Transmission Q1 net profit grows 13 pc to Rs 88 cr
New Delhi : Kalpataru Power Transmission Ltd (KPTL) on Thursday said its consolidated net profit rose by about 13 per cent to Rs 88 crore for the quarter ended June 30, mainly driven by higher income. The consolidated net profit of the company in the year-ago period stood at Rs 78 crore, according to a regulatory filing. : Economic Times
Energy Conservation (Amendment) Bill 2022: Roadmap To India’s Climate Targets
New Delhi : Energy Conservation (Amendment) Bill 2022: Roadmap To India’s Climate Targets. : saurenergy.com
Why The Solar Industry Needs To Push For A Circular Economy
New Delhi : Why The Solar Industry Needs To Push For A Circular Economy. : saurenergy.com
GSECL Invites Bids For The 20 MW Grid Connected Solar Plant
New Delhi : GSECL Invites Bids For The 20 MW Grid Connected Solar Plant. : saurenergy.com
REC Approves ₹220 Billion for DISCOMs to Clear Dues to Power Generators
New Delhi : REC Approves ₹220 Billion for DISCOMs to Clear Dues to Power Generators. : mercomindia.com
Inflation Reduction Act Could be a Gamechanger for US Solar Industry
New Delhi : Inflation Reduction Act Could be a Gamechanger for US Solar Industry. : mercomindia.com
Bids Invited for a 20 MW Solar Project at GETCO Substation in Gujarat
New Delhi : Bids Invited for a 20 MW Solar Project at GETCO Substation in Gujarat. : mercomindia.com
Rajasthan Electronics Issues Tender To Procure 1,000 Solar Modules
New Delhi : Rajasthan Electronics Issues Tender To Procure 1,000 Solar Modules. : mercomindia.com
DCM Shriram to Source Power from ReNew’s 50 MW Wind-Solar Hybrid Project in Gujarat
New Delhi : DCM Shriram to Source Power from ReNew’s 50 MW Wind-Solar Hybrid Project in Gujarat. : mercomindia.com
Tata Power to have 1,500 e-charging stations in Maharashtra
Mumbai : Tata Power on Wednesday announced setting up electric vehicle (EV) charging infrastructure across Maharashtra, with a focus on highways and expressway linking Mumbai to Pune, Nashik, Goa and other places. : Economic Times
Analysis: Global energy crisis drives rethink of nuclear power projects
New Delhi : The Philippines’ Bataan Nuclear Power Plant (BNPP) has not produced any electricity since it was finished in 1984, despite its $2.3 billion price tag and its promise of energy security during the 1970s oil crisis. : Economic Times
SJVN buys 2,043 acre-land for 1,000 MW solar project in Rajasthan
New Delhi : State-owned SJVN has purchased 2,043 acres of land to set up a 1,000 MW solar power project in Bikaner, Rajasthan. The project is scheduled to be commissioned in January 2024. : Economic Times
BEST’s first electric double decker bus likely to be in public service from September
Mumbai : The first electric double decker bus is expected to be commissioned for the public in Mumbai from September, Brihanmumbai Electric Supply and Transport (BEST) Undertaking officials said on Thursday. : Economic Times
PTC, SJVN ink pact to sell power from upcoming Arun-3, Lower Arun hydro projs
New Delhi : PTC India Ltd on Thursday said it has entered into a pact with SJVN for sale of electricity from two hydel power projects. The company has entered into the Memorandum of Understanding (MoU) with SJVN Arun-3 Power Development Company Private Limited (SAPDC), a wholly-owned subsidiary of state-owned SJVN. : Economic Times
Rajasthan solar boom offers big scope in Nanotechnology
New Delhi : With the boom in solar energy business in Rajasthan, universities like BITs and RTU are providing Nanotechnology specifications for students to excel. For students pursuing engineering, looking for fields that could lead to potential employment opportunities, Nanotechnology is something they should keep their eyes on. : Economic Times
Electricity Amendment Bill to be introduced in Parliament on Monday
New Delhi : The Electricity Amendment Bill, to be introduced in Parliament on Monday, proposes radical changes in the power distribution sector, the weakest link, by enabling competition, strengthening payment security and more muscles to regulatory commissions. : Economic Times
India plans contentious law to cut $75 billion utility debt
New Delhi : India is planning laws that would boost competition and lower debt at its power distribution companies, but also risks fomenting anger in a country where electricity is often used as an election sweetener. : Economic Times
Electricity Bill 2022 to push pvt investment in power distribution sector
New Delhi : The long-standing proposal to amend the Electricity Act, 2002, could finally see light of the day as it is likely to be tabled in Parliament next week. : Business Standard
SJVN CMD reviewed Arun-3 Project Turbines manufacturing in BHEL, Bhopal
New Delhi : Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN visited Bharat Heavy Electricals Limited (BHEL) Plant at Bhopal. Sh. Sharma was accompanied by Sh. A. K Singh Director (Finance), and other senior officials of SJVN. : psuconnect.in
SJVN secured 200 MW Solar project through e-Reverse by MSEDCL
New Delhi : Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN informed that SJVN has secured a 200 MW Solar Power project through an e-Reverse auction by Maharashtra State Electricity Distribution Company Limited (MSEDCL). : psuconnect.in
MSEDCL’s 500MW Solar Tender Awarded to SJVN, Tata Power & Others
New Delhi : MSEDCL’s 500MW Solar Tender Awarded to SJVN, Tata Power & Others. : saurenergy.com
Green Jobs Are Finally A Mainstream Reality In India, Thanks To Solar
New Delhi : Green Jobs Are Finally A Mainstream Reality In India, Thanks To Solar. : saurenergy.com
BPCL Floats Tender For 14MW AC / 18MW DC Grid Connected Solar Power
New Delhi : BPCL Floats Tender For 14MW AC / 18MW DC Grid Connected Solar Power. : saurenergy.com
Terabase Energy Raises Fund From Bill Gates’ Breakthrough Energy Ventures
New Delhi : Terabase Energy Raises Fund From Bill Gates’ Breakthrough Energy Ventures. : saurenergy.com
Amp Energy India & RUMSL To Develop India’s Largest Floating Solar Project
New Delhi : Amp Energy India & RUMSL To Develop India’s Largest Floating Solar Project. : saurenergy.com
India Pledges 50% of the Installed Power Capacity from Non-Fossil Sources by 2030
New Delhi : India Pledges 50% of the Installed Power Capacity from Non-Fossil Sources by 2030. : mercomindia.com
EPC Tenders Issued for 4 MW Solar Projects Along Two Bus Routes in Gujarat
New Delhi : EPC Tenders Issued for 4 MW Solar Projects Along Two Bus Routes in Gujarat. : mercomindia.com
Bids Invited for 298 MW of Solar Projects Under KUSUM Program in Maharashtra
New Delhi : Bids Invited for 298 MW of Solar Projects Under KUSUM Program in Maharashtra. : mercomindia.com
Daqo New Energy’s Revenue Surges 182% YoY to $1.24 Billion in Q2 2022
New Delhi : Daqo New Energy’s Revenue Surges 182% YoY to $1.24 Billion in Q2 2022. : mercomindia.com
J&K Discoms among 4 States get financial assistance to clear power dues
Jammu : Under new LPS Rules, State owned Non-Banking Finance Company (NBFC) REC Ltd has sanctioned Rs 22,000 crores to power distribution companies (Discoms) of Jammu Kashmir Union Territory and three other States to clear their dues. : dailyexcelsior.com
DCM Shriram to source 50 MW renewable energy from ReNew Power
New Delhi : DCM Shriram has agreed to source 50 MW of renewable energy from ReNew Power for its chlor-alkali manufacturing facility in Bharuch, Gujarat. DCM Shriram — which is in the chemicals, sugar and fertilisers business — and ReNew Power on Thursday announced the signing of two captive power agreements (CPAs). : Economic Times
India keeps renewables target flexible, goal of 500 GW green energy by 2030 dropped
New Delhi : India dropped its target of establishing 500 GW of renewable energy capacity by 2030, giving itself the flexibility of 50 per cent power from non-fossil fuel sources by then in its commitments to the United Nations Framework Convention on Climate Change (UNFCCC). : Economic Times
Electricity Bill moots radical changes in retail distribution
New Delhi : The government is proposing radical changes in the electricity distribution regime, the weakest link in the power sector, by enabling competition, strengthening payment security for producers and ensuring more muscles for regulatory commissions. : Economic Times
Power Minister review Planning & Monitoring Meet with various state officials
New Delhi : Union Minister of Power and New & Renewable Energy Shri R K Singh chaired and review the Planning & Monitoring Meeting (RPM) with various state officials in New Delhi today. : psuconnect.in
ReNew Bags 50 MW Hybrid Deal In Corporate PPA With DCM Shriram
New Delhi : ReNew Bags 50 MW Hybrid Deal In Corporate PPA With DCM Shriram. : saurenergy.com
OIL Logistics Department converted existing company vehicles to CNG based
New Delhi : Oil India Limited, Logistics Department taking firm steps toward the Government of India’s vision of clean & green energy through the conversion of existing company vehicles to CNG based. The six Petrol and two diesel vehicles were converted in Phase 1. clean energy green energy. : psuconnect.in
Pehle Indian Phir Oil: IOCL celebrates the spirit of Har Ghar Tiranga
New Delhi : Indian Oil, Chairman Mr S M Vaidya today on August 5, celebrates the spirit of Har Ghar Tiranga by presenting the Indian tricolour to the members from IndianOil Board. : psuconnect.in
Petronet Q1 net up 10% on processing larger volumes of imported fuel
New Delhi : Petronet LNG Ltd, India’s largest liquefied natural gas importer, on Friday reported a 10 per cent rise in first-quarter net profit on processing larger volumes of imported fuel. : Business Standard
B’desh to allow ferrying of petroleum products to NE states via its territory
Agartala : The Indian Oil Corporation Limited (IOCL) has signed an MoU with the Bangladesh Roads and Highways Department in Dhaka for emergency ferrying of petroleum products to the northeastern states of India through Bangladesh’s territory, an official said on Thursday. : Economic Times
GAIL faces profit hit over gas supply cut, says finance chief
New Delhi : Profit at state-run GAIL (India) Ltd will be hit as it rations gas sales after supplies are cut under its long-term deal with a former unit of Russian energy giant Gazprom amid high spot prices, its head of finance Rakesh Kumar Jain said on Thursday. : Economic Times
RBI hikes benchmark lending rate by 50 basis points to curb inflation
Mumbai : The Reserve Bank of India (RBI) on Friday raised the benchmark lending rate by 50 basis points to 5.40 per cent to tame inflation. With the latest hike, the repo rate or the short term lending rate at which banks borrow has crossed the pre-pandemic level of 5.15 per cent. : Economic Times
GAIL stock slips on worries of gas supply disruptions despite strong Q1
New Delhi : Despite strong Q1 results for the 2022-23 financial year (Q1FY23), gas marketing and trading public sector enterprise (PSU) GAIL saw a sell-off. The company reported Rs 37,572 crore in revenues, earnings before interest, tax, depreciation and amortisation (Ebitda) of Rs 4,365 crore, and profit after tax (PAT) of Rs 2,915 crore. : Business Standard
BPCL Floats Tender For 14MW AC / 18MW DC Grid Connected Solar Power
New Delhi : BPCL Floats Tender For 14MW AC / 18MW DC Grid Connected Solar Power. : saurenergy.com
Germany needs to slash gas use by more than any other EU state: Analysis
Berlin, Germany : Germany needs to reduce its gas consumption by more than any other European Union member state in order to achieve the bloc’s agreed savings target of 15 per cent, according to an analysis. : Economic Times
Canada defends decision to return Russian gas turbine
New Delhi : The Canadian government has defended its decision to return a turbine critical to restoring regular gas flows from Russia to Germany that had been held up in the country due to Western sanctions on Moscow. : Economic Times
Kashagan oil output down more than 80 per cent due to technical issues: sources
New Delhi : Output at Kazakhstan’s giant Kashagan oilfield in early August was down more than 80% from July’s average level due to technical issues, two sources familiar with the matter told Reuters on Thursday. : Economic Times
Haryana only state in region to start biomass gasifier plants
Gurgoan, Haryana : Haryana is the only state in the region to have installed biomass gasifier plants with a capacity of 6,463 kWeq (kilowatt equivalent) for power generation from stubble and biomass. : Economic Times
Piped cooking gas price hiked Rs 2.63 per unit; rates up 70% in 1 year
New Delhi : The price of cooking gas piped to household kitchens in the national capital and adjoining cities was hiked by Rs 2.63 per unit on Friday, the second increase in rates in less than two weeks. : Business Standard
Oil prices set to end week at multi-month lows on recession fears
London : Oil prices slipped on Friday and were near their lowest levels since February as concerns over a possible recession and a fall in fuel demand continued to rattle markets. : Business Standard
Tullow Oil abandons Guyana well after dismal drilling results
New Delhi : Africa-focused Tullow Oil said on Friday it would abandon its drilling operations at an exploration well offshore Guyana after results showed the well bore water, sending its shares lower. : Economic Times
Equinor’s UK Rosebank investment to reach $5.2 bln
London : Equinor’s Rosebank oil and gas field in the British North Sea will require capital expenditure of about 4.3 billion pounds ($5.22 billion), Equinor’s UK upstream chief Arne Guertner told Reuters on Friday. : Economic Times
Ohmium and Spirare Energy collaborate with NTPC for green hydrogen
New Delhi : Ohmium International, Inc., a green hydrogen company that designs, manufactures, and deploys polymer electrolyte membrane (PEM) electrolyzers, is collaborating with Spirare Energy, a leading provider of on-site energy generation systems, to generate green hydrogen at the NTPC Energy Technology Research Alliance (Netra) campus. : Economic Times
Energy security: Japan looks to preserve interests in Russian oil fields
Tokyo, Japan : Japan wants to preserve its participation in the Sakhalin-2 oil and gas project following Russian government’s decision to establish a new project operator, Japan’s Economy, Trade and Industry Minister Koichi Hagiuda said on Thursday. : Economic Times
Oil languishes on recession fears; unconcerned stocks climb on
New Delhi : Oil languished near its lowest since the start of the war in Ukraine on Friday on fears of a global recession, though stocks ignored such worries, gaining ahead of US jobs data that will give another clue to the health of the world’s largest economy. : Economic Times
TC Energy inks deal with Mexican utility to develop $4.5 bln gas pipeline
New Delhi : TC Energy Corp said on Thursday it had struck a deal with a Mexican state utility to develop a $4.5 billion natural gas pipeline. : Economic Times
Opinion: A new beginning for hydrogen around the corner
New Delhi : Globally, as countries look for options to reduce emissions and achieve climate targets, hydrogen is emerging as the frontrunner for decarbonisation strategies. Hydrogen has, indeed, come a long way from 2019, when only Korea, Japan, and France had hydrogen-specific policies, to today, with 31 governments having released their hydrogen strategies. : Economic Times
Oil prices extend losses on demand worries
Singapore : Oil prices extended losses on Friday, after hitting their lowest since before Russia’s February invasion of Ukraine in the previous session, as the market fretted over the impact of inflation on global economic growth and demand. : Economic Times
Opinion: US diesel shortage shows economy hitting capacity limit: Kemp
London : US distillate fuel oil inventories are depleting to critically low levels; either an imminent recession reduces consumption or prices are likely to surge higher. : Economic Times
Former Gazprom unit cuts LNG supplies to India
New Delhi : A former Gazprom unit has defaulted on supplying contractual LNG to India, prompting rationing of gas supplies to users like fertiliser plants in the country, state-owned GAIL (India) Ltd said on Thursday. : Economic Times
CNG, PNG prices go up again in Mumbai
Mumbai : In less than a month, city gas distributor Mahanagar Gas Ltd (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 prices extend losses on inflation, demand worries; hits 5-month low
New Delhi : Oil prices extended losses on Friday, after hitting their lowest since before Russia’s February invasion of Ukraine in the previous session, as the market fretted over the impact of inflation on global economic growth and demand. : Business Standard
Equinor submits plans to develop major British North Sea oilfield
London : Norway’s Equinor on Thursday submitted to British regulators plans for the development of a major oilfield in the North Sea which is expected to start production in late 2026. : Economic Times
Crude oil futures gain on spot demand
New Delhi : Crude oil prices on Friday rose by Rs 51 to Rs 7,085 per barrel as participants widened positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for August delivery traded higher by Rs 51 or 0.73 per cent at Rs 7,085 per barrel in 10,203 lots. : Economic Times
Brazil’s Petrobras lowers diesel prices for 1st time in more than a year
New Delhi : Brazilian state-run oil company Petrobras said on Thursday it will reduce refinery gate diesel prices by 3.5 per cent starting Friday, the first price cut for the fuel in more than a year. : Economic Times
Piped cooking gas price hiked by Rs 2.63 per unit in Delhi NCR
New Delhi : The price of cooking gas piped to household kitchens in the national capital and adjoining cities was hiked by Rs 2.63 per unit on Friday, the second increase in rates in less than two weeks. : Economic Times
Russia undercuts Saudi oil in India as competition heats up
New Delhi : A fierce battle is brewing in India where Russia has undercut the price of oil from its OPEC+ ally Saudi Arabia, paving the way for Moscow to expand market share in one of the biggest crude importers. : Economic Times
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