MEDIA UPDATE (AUGUST 10, 2022)

Sarkaritel
By Sarkaritel August 10, 2022 06:30

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10-Aug-2022

Power

” New Delhi : In a major development, the Sher Bahadur Deuba government has allowed India’s NHPC to study and develop two hydroelectric projects that will have the combined potential of generating 1,200 megawatts of energy.” : Sarkaritel.com

” New Delhi : A.K. Singh, CMD, NHPC launched an Internet cloud based software application for Early Warning System on 8th August 2022 at NHPC Corprate Office, Faridabad. Y.K. Chaubey, Director (Technical), R.P. Goyal, Director (Finance) and senior officers from NHPC’s Regional Offices, Power Station, Projects and units also participated in the programme through video conferencing.” : Sarkaritel.com

NLCIL celebrating Har Ghar Tiranga Campaign; installs hoardings to encourage citizens

New Delhi : The government-owned-fossil fuel miner and thermal power generator NLC India Limited formerly (Neyveli Lignite Corporation Limited) is celebrating Har Ghar Tiranga Campaign and installed hoardings at all Important junctions at Neyveli. : psuconnect.in

Investment Board to sign pact with India’s NHPC Limited to develop West Seti project

Kathamandu, Nepal : The Investment Board of Nepal on Monday gave the nod to India’s state-owned NHPC Limited to study and develop 1,200MW hydropower projects in western Nepal. : kathmandupost.ekantipur.com

NLCIL signs MoU with APDCL to develop RE Projects in Assam

New Delhi : NLC India Limited (NLCIL), a government-owned and a Navratna company signed a Memorandum of Understanding with Assam Power Distribution Company Limited (APDCL) for the development of 1000 MW Renewable Energy Projects in Assam State. : psuconnect.in

BHEL Issues Tender For O&M Of 100 MW Solar Plant At GSECL, Gujarat

New Delhi : BHEL Issues Tender For O&M Of 100 MW Solar Plant At GSECL, Gujarat. : saurenergy.com

India-made integrated solar roofing system gets Dubai authority nod

Dubai : An India-made integrated solar roofing system has received approval from Dubai’s Electricity and Water Authority as a part of the local initiative to make the UAE sustainable and eco-friendly, the company behind the product has said. : Economic Times

CEZ raises full-year outlook as power prices rise

New Delhi : Czech utility CEZ raised its outlook for earnings for the second time this year as electricity prices soar, the company said on Tuesday. : Economic Times

Europe braces for extreme heat as power infrastructure wobbles

New Delhi : Another scorching heat wave is set to hit northwest and central Europe this week, putting further pressure on the continent’s strained power infrastructure. : Economic Times

Renewable energy met 58 per cent of demand on August 8

Chennai : The electricity generated from wind, solar energy sources and hydro power catered to 58 per cent of the demand in the state on Sunday. : Economic Times

Opposition members express concern over ‘ambiguous’ definition of carbon trading in energy conservation bill

New Delhi : Some opposition members expressed concern over the “ambiguous” definition of carbon trading during a discussion on the Energy Conservation (Amendment) Bill in the Lok Sabha on Monday and alleged that it is tilted towards favouring a few corporates. : Economic Times

Torrent Power Q1 Results: Profit more than doubles to Rs 502 crore

New Delhi : Torrent Power on Monday said its consolidated net profit more than doubled to Rs 502.01 crore in the April-June quarter of the current financial year. The consolidated net profit of the company stood at Rs 207.78 crore in the corresponding quarter of the previous fiscal, Torrent Power said in a BSE filing. : Economic Times

Actis to buy 400MW solar assets from Atha Group for ₹2,100 cr

New Delhi : Actis Llp has won the bid to acquire Kolkata-based Atha Group’s 400 megawatt (MW) solar power assets for an equity value of around $100 million, and the sale purchase agreement has also been signed, said two people in the know, requesting anonymity. : Mint

Ørsted Collaborates With Vietnamese Energy Player For Wind Projects

New Delhi : Ørsted Collaborates With Vietnamese Energy Player For Wind Projects. : saurenergy.com

Capital A Invests In Oorja For Safe EVs In India

New Delhi : Capital A Invests In Oorja For Safe EVs In India. : saurenergy.com

Odisha’s Medical Colleges And DHH Buildings To Adopt Solar Rooftop

New Delhi : Odisha’s Medical Colleges And DHH Buildings To Adopt Solar Rooftop. : saurenergy.com

Daily News Wrap-Up: Electricity Amendment Bill to be Reviewed by Standing Committee

New Delhi : Daily News Wrap-Up: Electricity Amendment Bill to be Reviewed by Standing Committee. : mercomindia.com

” New Delhi : NLC India Ltd. a Navratna Public Sector Enterprise (NLCIL) witnesses yet another iconic day as it signs its MoU with Assam Power Distribution Company Limited (APDCL) and marks its footprints in North East region.” : Sarkaritel.com

Shell acquires Pune-based renewables platform Sprng Energy

New Delhi : British energy giant, Shell, on Tuesday said it has completed 100 per cent acquisition of Solenergi Power and with it, the Sprng Energy group of companies from Actis Solenergi (Actis). : Economic Times

Navitas Solar expands manufacturing capacity to produce 500 MW modules annually

New Delhi : Navitas Solar, Surat-based module manufacturer, on Tuesday announced the expansion of the module manufacturing capacity to 500 megawatt (MW) per annum. : Economic Times

Eletrobras could invest $3 bln a year with focus on renewables: incoming CEO

New Delhi : Brazilian power company Eletrobras has the potential to invest 15 billion reais ($2.93 billion) per year, three times what it spent in 2021, incoming chief executive Wilson Ferreira Junior told Reuters in an interview. : Economic Times

Govt to provide for depts’ electricity bills in budget: Khattar

Chandigarh : Haryana chief minister Manohar Lal Khattar on Monday said electricity bills of government departments will now automatically be sent to the departments. For this, a provision will be made in the state budget and funds will be provided to the departments in April itself, he said. : Economic Times

Torrent Power appoints Varun Mehta as director

New Delhi : Varun Mehta has been elevated as Director on Board of Torrent Power. Varun is a BSc (with honours) in Management from University of Warwick, UK and an MBA from INSEAD, France. : Economic Times

Power sector regulators headless amid reforms push

New Delhi : The Appellate Tribunal for Electricity and Central Electricity Regulatory Commission, two of the country’s top regulatory bodies dealing with issues in focus of the government’s latest power reforms push, are headless. : Economic Times

Floating solar projects may get sops under new policy

New Delhi : The government is working on a policy on floating solar power generation, offering higher incentives to companies willing to invest in plants requiring a power generation technology that is expensive, two people in the know said. : Mint

US solar shipments are hit by import ban on China’s Xinjiang region

New Delhi : The U.S. solar industry is confronting fresh disruptions as U.S. officials crack down on human-rights abuses in China’s Xinjiang region, which produces almost half the world’s supply of a crucial component in solar panels. : Mint

Enfinity Global Raises $242 Million Funding For Solar Plants

New Delhi : Enfinity Global Raises $242 Million Funding For Solar Plants. : saurenergy.com

Brookfield Renewable Invests $3 Billion In Growth Initiatives In Second Quarter

New Delhi : Brookfield Renewable Invests $3 Billion In Growth Initiatives In Second Quarter. : saurenergy.com

Solar Glass Maker Borosil Renewables Still To Close Interfloat Acquisition

New Delhi : Solar Glass Maker Borosil Renewables Still To Close Interfloat Acquisition. : saurenergy.com

Brazil Adds Over 500 MW Of Wind, Solar Energy In July

New Delhi : Brazil Adds Over 500 MW Of Wind, Solar Energy In July. : saurenergy.com

O&M Tender Issued for a 4 MW Solar Power Project in Telangana

New Delhi : O&M Tender Issued for a 4 MW Solar Power Project in Telangana. : mercomindia.com

Central Electricity Regulatory Commission (CERC) To Allow Higher Amount Of Blending Upto 30% With Imported Coal

New Delhi : The production and supply of domestic coal is mostly used in power plants. In order to build adequate coal stock before onset of monsoon, Ministry of Power. : orissadiary.com

GE Power India loss narrows to Rs 59 cr in June quarter

New Delhi : GE Power India’s loss narrowed to Rs 59.02 crore in the April-June quarter of 2022-23 from Rs 114.99 crore in the quarter ended on June 30, 2021, according to a regulatory filing. : Economic Times

USW chief vows to organize clean energy, electric car and retail workers

New Delhi : The head of the United Steelworkers union on Monday vowed to pursue employees in clean energy, electric cars and retail industries as it seeks to adapt to a changing economy and rebuild membership in old-line industries. : Economic Times

AES Brasil buys three wind farms in deal valued at about $400 million

New Delhi : SAO PAULO: Brazilian power company AES Brasil Energia SA reached a deal with Cubico Brasil SA to acquire three wind farms, the company said on Monday. : Economic Times

In 5 months, Haryana struck 10 deals to buy 3,000 MW

Gurgoan, Haryana : In the last five months, Haryana, once a power surplus state, has entered into 10 different power purchase agreements to procure nearly 3,000 MW from different sources, including hydel and thermal. Now, the state government is planning to procure another 1,000 MW of power on a long-term basis, at least for 35 years, through bidding, TOI has learnt. : Economic Times

Tamil Nadu seeks 100% allocation of power from KKNPP Units III and IV

Chennai : The Southern Regional Power Committee (SRPC) has sought comments from other constituent States and the Union Territory in the region with regard to Tamil Nadu’s request for 100% allocation of power from Kudankulam Nuclear Power Plant (KKNPP) Units III and IV (1,000 MW each). : apherald.com

Assam to generate 2,000 MW solar power at investment of Rs 10,000 crore

New Delhi : Assam is looking to augment its solar power generation capacity by 2,000 MW at an investment of around Rs 10,000 crore within the next three-four years, Chief Minister Himanta Biswa Sarma said on Tuesday. : Business Today

Consultancy Tender Issued for Floating Solar Projects in Gujarat

New Delhi : Consultancy Tender Issued for Floating Solar Projects in Gujarat. : mercomindia.com


Oil and Gas

” New Delhi : Taking a significant leap toward its sustainable mobility drive, the Maharatna Oil Co. of India, Hindustan Petroleum Corporation Limited (HPCL) and Honda Power Pack Energy India Private Limited (HEID), the subsidiary of Honda Motor Co., Ltd. (Honda), a global mobility giant, launched their first e:swap Station at HPCL’s COMCO outlet at Old Airport Road, Bengaluru on 6 August 2022.” : Sarkaritel.com

HPCL, Honda join hands to boost electric mobility

New Delhi : Hindustan Petroleum Corporation Ltd (HPCL) and Honda Motor have joined hands to set up battery swapping stations for electric vehicles at the state-owned oil firm’s petrol pumps. HPCL and Honda Power Pack Energy India Pvt Ltd, a subsidiary of Honda Motor Co Ltd (Honda), launched their first ‘e:swap’ station at HPCL’s petrol pump in Bengaluru on August 6, the state-owned firm said in a statement on Tuesday. : Economic Times

GAIL to double share capital; add specialty chemicals, clean energy to business

New Delhi : GAIL (India) Ltd wants to double its share capital as well as add specialty chemicals and clean energy to its line of business as it looks to diversify business beyond natural gas transmission and distribution. : Economic Times

NGT wants action against GAIL for operating without environmental clearance

New Delhi : The Southern Bench of the National Green Tribunal (NGT) has directed the Tamil Nadu Pollution Control Board to take strong action against the Gas Authority of India Ltd (GAIL) for operating a unit without obtaining prior environmental clearance that was mandatory. : Economic Times

IGL reports 72% rise in standalone net profit

New Delhi : Indraprastha Gas Limited (IGL) on Tuesday reported a 72% increase in its standalone net profit for the April-June quarter at ₹420.86 crore. : Mint

BPCL shares decline over 3 pc after Q1 earnings

New Delhi : Shares of Bharat Petroleum Corporation Ltd (BPCL) on Monday fell by over 3 per cent after the company reported a net loss of Rs 6,291 crore in the first quarter of the current fiscal. The stock declined 3.14 per cent to finish at Rs 325.75 apiece on the BSE. During the day, it dropped 4.75 per cent to Rs 320.30. : Economic Times

GAIL to double its share capital to ₹10,000 Cr

New Delhi : GAIL (India) Ltd wants to double its share capital as well as add specialty chemicals and clean energy to its line of business as it looks to diversify business beyond natural gas transmission and distribution. : Mint

IOC to transport fuel to Tripura via Bangladesh

New Delhi : PSU major Indian Oil Corporation NSE 0.34 % (IOC) will soon conduct a trial run for transporting fuel to Tripura through Bangladesh, an official said on Tuesday. During the trial run, the IOC NSE 0.34 % will transport three LPG tankers and seven tankers of petrol and diesel through Bangladesh from Guwahati. : Economic Times

GAIL feels blowback from Ukraine war as former Gazprom unit cuts supplies

New Delhi : On February 24, when Vladimir Putin announced a military operation on Ukraine, few would have thought that Indian government-owned GAIL India would feel the impact. : Business Standard

GAIL to double share capital; add specialty chemicals, clean energy to biz

New Delhi : GAIL (India) Ltd wants to double its share capital as well as add specialty chemicals and clean energy to its line of business as it looks to diversify business beyond natural gas transmission and distribution. : Business Standard

Oil dips on chance of Iran supply boost

Melbourne : Oil prices pulled back slightly on Tuesday on the latest progress in last-ditch talks to revive the 2015 Iran nuclear accord, which would clear the way to boost its crude exports in a tight market. : Economic Times

Idemitsu lifts annual profit forecast on higher oil and coal prices

Tokyo, Japan : Japan’s second-biggest oil refiner Idemitsu Kosan Co on Tuesday raised its annual profit forecast by 70 per cent after reporting record first-quarter earnings, buoyed by higher prices of oil and thermal coal. : Economic Times

Goldman sees strong case for higher oil prices despite negative shocks

New Delhi : Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent retreat led by factors including global recession concerns. : Economic Times

EU emergency gas plan for winter enters into force on Tuesday

New Delhi : The European Union’s (EU) emergency plan to prepare for a possible halt in Russian gas supplies will come into force on Tuesday, after it was published in the bloc’s official journal the previous day. : Economic Times

LPG refill prices up 41 per cent vs 203 per cent rise in global rates since April 2020

New Delhi : The benchmark Saudi Contract Price for LPG (liquefied petroleum gas) rose by 203 per cent from $236 per tonne to $725 per tonne between April 2020 and July 2022 but the price of 14.2 kg refills supplied to households for cooking increased 41.5 per cent from Rs 744 to Rs 1,053 during this period, the government informed the Rajya Sabha on Monday. : Economic Times

Oil retreats on chance of Iran supply boost

Melbourne : Oil prices dipped in early trade on Tuesday on the latest progress in last-ditch talks to revive the 2015 Iran nuclear accord, which would clear the way to boost its crude exports in a tight market. : Economic Times

Warren Buffett’s Berkshire Hathaway now owns over 20% in this oil and natural gas company

New Delhi : More shares of Occidental Petroleum Corp were purchased by Warren Buffett’s Berkshire Hathaway Inc, surpassing the 20 percent ownership required to record a portion of the oil company’s earnings alongside its own and potentially generating billions of dollars in profit. : Mint

Oil prices slip amid chance of Iran nuclear deal supply boost

London : Oil dropped over $1 a barrel on Tuesday, approaching a multi-month low hit last week, pressured by the latest progress in talks to revive the 2015 Iran nuclear accord, which would eventually allow Tehran to boost exports in a tight market. : Business Standard

Skyline Clean Energy Fund Acquires Biogas Facility in Canada

New Delhi : Skyline Clean Energy Fund Acquires Biogas Facility in Canada. : saurenergy.com

No CNG Supply In Delhi On Wednesday, Pumps To Be Closed

New Delhi : The Delhi Petrol Dealers Association has announced the closure of the CNG sale on August 10. The Dealers Association says that the reimbursement of the electricity bill of CNG pumps is not being done by Indraprastha Gas Limited (IGL). To protest this, a decision has been taken to stop the sale of CNG for a day in Delhi. : newsclick.in

Petrol Diesel Price Today: Check fuel rates in Delhi, Mumbai and other key cities

New Delhi : Petrol Diesel: Petrol and diesel prices remained unchanged for the 79th straight day across the country on Tuesday, August 9, 2022. : Indian Express

ScottishPower gears up to build green hydrogen plant at Felixstowe Port

New Delhi : ScottishPower is making concerted efforts to construct a green hydrogen plant at Felixstowe Port to provide a thrust to decarbonisation of the industry and other sectors in the eastern region. : Economic Times

Cenovus to buy remaining 50 per cent stake in Toledo refinery from BP

New Delhi : Cenovus Energy Inc will buy the remaining 50 per cent stake it does not already own in Ohio-based BP-Husky Toledo Refinery for $300 million from British energy firm BP PLC, the Canadian company said on Monday. : Economic Times

Chennai Petroleum cuts crude runs by 25 per cent at southern India refinery

Chennai : India’s Chennai Petroleum Corp said on Tuesday it had cut crude processing by a quarter at its 201,000 barrels per day Manali refinery in southern India, following an order by the Tamil Nadu state pollution control board. : Economic Times

India’s July fuel demand rises 6.1 per cent year-on-year

New Delhi : India’s fuel demand in July rose 6.1 per cent year-on-year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday. : Economic Times

Indian Oil’s record date for final dividend this week. Details here

New Delhi : Oil marketing company Indian Oil Corporation (IOC)’s board of directors in its meeting held on May 17, 2022 had recommended a final dividend for financial year 2021-22 and the record date for the same is this week on Friday, August 12, 2022. : Mint

Oil rises over $1 a barrel as Russian pipeline halt revives supply fears

London : Oil rose over $1 a barrel on Tuesday, reversing an earlier decline, after Russia said oil exports to Europe via the southern leg of the Druzhba pipeline had been suspended since early August, reviving concern about tight supply. : Business Standard

Sarkaritel
By Sarkaritel August 10, 2022 06:30