MEDIA UPDATE (AUGUST 19, 2022)

Sarkaritel
By Sarkaritel August 19, 2022 07:12


19-Aug-2022

Power

Indian company NHPC to develop Nepal hydropower plant left by China

New Delhi : Nepal has signed a pact with an Indian company NHPC NSE 1.61 % to develop a hydroelectric plant in the west of the nation years after a Chinese firm backed out, officials said on Thursday. : Economic Times

BHEL wins Asia’s Best CSR practices Award

New Delhi : Bharat Heavy Electricals Limited (BHEL) has been conferred Asia’s Best CSR Practices Award for its CSR Project – ‘Heal A Soul’. The award has been won by BHEL under the category: concern for Health. : psuconnect.in

NHPC signs MoU with NGO

Jammu : A Memorandum of Understanding (MoU) was today signed between NHPC Limited and Punarjagran Samiti, an NGO in Delhi, at NHPC Corporate Office, Faridabad under the Corporate Social Responsibility (CSR) initiative of NHPC. : dailyexcelsior.com

India added 1.9 GW open access renewable energy capacity in FY22: Report

New Delhi : India added 1.9 gigawatt (GW) of new renewable energy open access capacity in the financial year 2021-22 (FY22), accoding to a recent report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics. : Economic Times

CapitaLand Investment mulls 30 MW solar power farm in Tamil Nadu

Chennai : Global commercial real estate developer CapitaLand Investment is mulling to set up a 30 MW solar power farm in Tamil Nadu in its efforts to have green/sustainable buildings, said a top official. : Economic Times

India adds record 7.2 GW solar capacity in Jan-Jun 2022: Mercom India

New Delhi : Solar capacity installations in the country rose by 59 per cent to record 7.2 gigawatt (GW) during first half of 2022, according to Mercom India Research. : Economic Times

Outages threat as dozen defaulting states barred from power exchanges

New Delhi : Power outages threat looms large in nearly 13 states including Andhra Pradesh, Madhya Pradesh, Rajasthan, Tamil Nadu and Telengana that have been barred from buying and selling on power exchanges till they clear dues to power plants. : Economic Times

More than 107 coal mines to be auctioned in near future: Govt

New Delhi : Coal minister Pralhad Joshi on Wednesday said that more than 107 coal mines will be put up for sale in the near future. The auction of these mines is expected to increase the domestic coal production. : Economic Times

Sweden to help consumers facing high electricity costs

New Delhi : Sweden’s government on Wednesday vowed to compensate households and companies for soaring electricity costs in the wake of the Ukraine war, to the tune of up to 60 billion kronor ($5.76 billion). : Economic Times

Bills pending, 13 states barred from power exchange

New Delhi : The Centre barred 13 states from buying or selling electricity on power exchanges until they clear their current bills from power plants, sending a clear signal that they will have to clear accumulated dues and pay regular bills on time. : Economic Times

Power outage threat looms large as defaulting states barred from power exchange

New Delhi : Power outages threaten to loom large in nearly 13 states including Andhra Pradesh, Madhya Pradesh, Rajasthan, Tamil Nadu, and Telangana which have been barred from buying and selling on power exchanges till they clear dues to power plants. : Economic Times

ReNew Power inks $1-bn loan pact for hybrid power project

New Delhi : Nasdaq-listed ReNew Power has announced that it has tied up with 12 international lenders, led by Rabobank, for a $1 billion project finance loan through external commercial borrowing (ECB). : Mint

Adani Group says yet to sign renewable projects in Sri Lanka, to invest $500 mn

New Delhi : Adani Group on Thursday confirms receiving provisional approval for renewable energy projects in Sri Lanka. However, Adani also clarified that the deal is yet to sign any definitive agreement. : Mint

Centre hikes windfall profit tax on export of diesel, ATF; cuts tax on domestic crude oil

New Delhi : Amid a recent fall in international oil prices and refining spreads, India on Thursday hiked the windfall profit tax on the export of diesel to ₹7 per litre and brought back a tax on jet fuel exports. : Mint

Solar-powered civilisation is the future, says Elon Musk in a tweet

New Delhi : Tesla and SpaceX CEO Elon Musk has said that civilisation will be mostly solar-powered in the future. In a tweet, Musk said that almost all of Earth’s energy comes from the Sun. : Business Standard

Tata Power subsidiary raises Rs 2,000 crore in green energy push

New Delhi : ata Power Renewable Energy, a subsidiary of Tata Power, on Thursday said it raised Rs 2,000 crore by issuing 83.6 million equity shares to BlackRock-backed GreenForest New Energies Bidco. : Business Standard

Power Minister chairs review meeting on eSamikSha Portal

New Delhi : Union Minister for Power and New & Renewable Energy, Shri R K Singh today chaired a review meeting on the status of compliance on the eSamikSha Portal of the Cabinet Secretariat. : psuconnect.in

US Investment Platform CleanCapital Invests In Largest Solar Project In Alaska

New Delhi : US Investment Platform CleanCapital Invests In Largest Solar Project In Alaska. : saurenergy.com

India Added 1.9GW Of RE Open Access Capacity In FY22

New Delhi : India Added 1.9GW Of RE Open Access Capacity In FY22. : saurenergy.com

Saudi Arabia’s ACWA Power to Sign $2.4 Billion Wind Project Deal in Uzbekistan

New Delhi : Saudi Arabia’s ACWA Power to Sign $2.4 Billion Wind Project Deal in Uzbekistan. : saurenergy.com

Adani Group Gets Sri Lanka’s Nod for $500 Million Wind Power Projects

New Delhi : Adani Group Gets Sri Lanka’s Nod for $500 Million Wind Power Projects. : saurenergy.com

United States Added 13.4 GW of New Wind Capacity in 2021: Report

New Delhi : United States Added 13.4 GW of New Wind Capacity in 2021: Report. : mercomindia.com

ReNew Power Ties Up $1.1 Billion Loan for 1.3 GW Round-the-Clock Renewable Power Project

New Delhi : ReNew Power Ties Up $1.1 Billion Loan for 1.3 GW Round-the-Clock Renewable Power Project. : mercomindia.com

Telangana DISCOM Directed to Clear Dues to Solar Power Generator

New Delhi : Telangana DISCOM Directed to Clear Dues to Solar Power Generator. : mercomindia.com

Minister of Power & New and Renewable Energy, R. K. Singh, launched the first ever Consumer Services Rating of DISCOMs (CSRD)

New Delhi : The Minister of Power & New and Renewable Energy, R. K. Singh, launched the first ever Consumer Services Rating of DISCOMs (CSRD) for the FY 2020-21, in the Review Planning and Monitoring (RPM) Meeting with States and State Power Utilities held on 5th August, 2022 at New Delhi. : Sarkaritel.com

Civilisation will be mostly solar-powered in future: Elon Musk

New Delhi : Tesla and SpaceX CEO Elon Musk has said that civilisation will be mostly solar-powered in the future. In a tweet, Musk said that almost all of Earth’s energy comes from the Sun. : Economic Times

South Africa’s Tiger Brands to roll out solar power at manufacturing sites

New Delhi : South Africa’s Tiger Brands will soon roll out solar power at its manufacturing sites, kicking off a multi-million rand investment into sustainable energy, the country’s biggest food producer said on Wednesday. : Economic Times

Adani Group gets provisional approval for energy projects in Sri Lanka

Columbo : Sri Lanka has granted provisional approval to Adani Green Energy for two wind projects of 286 MW and 234 MW for an investment of over USD 500 million in the country’s Northern province, Energy and Power Minister Kanchana Wijesekara announced on Wednesday. : Economic Times

Renewable Energy India: REC showcases its new Alpha Pure-R solar panel

Mumbai : REC Group, an international pioneering solar energy company headquartered in Norway, and its new parent company, Reliance Industries Limited, are putting on a compelling show at Renewable Energy India (REI) from 28 to 30 September. : Economic Times

MK Stalin raises objections to Neet, NEP, Karnataka’s dam plan and power bill in meet with PM Modi

New Delhi : Tamil Nadu: CM MK Stalin called on Prime Minister Narendra Modi on Wednesday and raised many issues concerning the state, apart from thanking him for inaugurating the chess olympiad in Chennai last month. : Economic Times

DSEU, Tata Power Delhi Distribution sign pact for courses

New Delhi : Delhi Skill and Entrepreneurship University (DSEU) on Wednesday signed an agreement with Tata Power Delhi Distribution Limited to help provide courses in specific areas. : Economic Times

Explained: Why Discoms from 13 states barred from power trading market and its repercussions

New Delhi : Power System Operation Corporation Ltd (POSOCO) has asked three power exchanges — IEX, PXIL and HPX — to restrict electricity trading by 27 discoms in 13 states having outstanding dues towards gencos, sources said. These 13 states include Maharashtra, Madhya Pradesh, Rajasthan, Karnataka, Andhra Pradesh, Telangana, Tamil Nadu, Bihar, Chhattisgarh and Jharkhand. : Economic Times

India may delay coal plant closures in blow to climate action

New Delhi : India’s government is studying a slower retirement of aging coal-fired power plants as it also adds newer sites, a move that would keep fossil fuel capacity higher for years and potentially stall efforts to hit climate goals. : Economic Times

Time-of-day power tariff coming for retail customers

New Delhi : The government is planning to extend the time-of-day power tariff system to retail customers, two people aware of the matter said. Currently, this system, under which electricity costs more or less depending on the time of the day, is available for some commercial and industrial users. : Mint

Trading by 27 discoms barred over genco dues

New Delhi : Power System Operation Corporation (POSOCO) has barred power distribution companies of 13 states from buying and selling power on the exchanges starting 19 August, due to delay in their outstanding dues to generation companies (GENCO). : Mint

Time-of-day power tariff coming for retail customers

New Delhi : The government is planning to extend the time-of-day power tariff system to retail customers, two people aware of the matter said. Currently, this system, under which electricity costs more or less depending on the time of the day, is available for some commercial and industrial users. : Mint

Tata Power Renewable Energy issues over 8.36 cr shares to BlackRock-Mubadala consort for ₹2,000 cr

New Delhi : Tata Group-backed electric utility company, Tata Power on Thursday announced the Board of Directors of the subsidiary, Tata Power Renewable Energy approved allotment of 8,36,05,049 equity share. : Mint

Trading by 27 discoms barred over genco dues

New Delhi : Power System Operation Corporation (POSOCO) has barred power distribution companies of 13 states from buying and selling power on the exchanges starting 19 August, due to delay in their outstanding dues to generation companies (GENCO). : Mint

Coal Ministry Signs 16 Agreements with Successful Bidders of Coal Mines

New Delhi : Union Minister of Coal, Mines and Parliamentary Affairs Shri Pralhad Joshi said that in the near future more than 107 coal blocks will be made available for auction by the Ministry of Coal. He was addressing a function in which the Ministry of Coal has executed agreements with the successful bidders for 16 coal mines under sale of coal of 13th tranche, 14th tranche and second attempt of 12th tranche on August 17, 2022 . : psuconnect.in

Solar Capacity Additions Continue to Slow Down, July 2022 Records Barely 270 MW

New Delhi : Solar Capacity Additions Continue to Slow Down, July 2022 Records Barely 270 MW. : saurenergy.com

ReNew Energy Raises $1 Billion Loan For 1300 MW RTC Project

New Delhi : ReNew Energy Raises $1 Billion Loan For 1300 MW RTC Project. : saurenergy.com

KREDA Issues Tender for Solar Battery Banks in Ladakh

New Delhi : KREDA Issues Tender for Solar Battery Banks in Ladakh. : saurenergy.com

Energy Storage Firm Fluence Posts 14% Drop in Revenue at $239 Million for Q3 FY 2022

New Delhi : Energy Storage Firm Fluence Posts 14% Drop in Revenue at $239 Million for Q3 FY 2022. : mercomindia.com

REC Silicon’s Revenue Up by 26% YoY With $45 Million in Q2 2022

New Delhi : REC Silicon’s Revenue Up by 26% YoY With $45 Million in Q2 2022. : mercomindia.com

India Adds Over 7 GW of Solar in a Record First Half of 2022

New Delhi : India Adds Over 7 GW of Solar in a Record First Half of 2022. : mercomindia.com

Inflation Reduction Act Paves the Way for Faster Transition to Clean Energy in the US

New Delhi : Inflation Reduction Act Paves the Way for Faster Transition to Clean Energy in the US. : mercomindia.com


Oil and Gas

” Lucknow : Several organisations and private institutions have come forward in Uttar Pradesh to deal with the problem of disposal of national flags as per rules.” : Sarkaritel.com

HPCL launches its branded store ‘Happy Shop’ in NCR

New Delhi : HPCL, Chairman and Managing Director Sh. Pushp K. Joshi inaugurated its branded store “Happy Shop” in National Capital Region (NCR) in the presence of ED–Retail, other Sr. Officials, and Dealers at ServiCircle, Ashram Chowk, New Delhi. : psuconnect.in

Essar signs new 60 million litre fuel deal with D A Roberts

New Delhi : Essar Oil UK Ltd on Wednesday said it has signed a five-year deal to supply 60 million litres of fuel to Shropshire-based D A Roberts which runs bunks to sell fuel locally. : Economic Times

OPEC Chief sees high risk of oil squeeze amid bullish demand

New Delhi : Global oil markets face a high risk of a supply squeeze this year as demand remains resilient and spare production capacity dwindles, the new head of OPEC said. : Economic Times

Ruling clears Biden’s 2021 pause on new oil, gas leases

New Delhi : A judge’s order that forced the Biden administration to resume sales of oil and gas leases on federal land and waters was vacated Wednesday by a federal appeals court in New Orleans. : Economic Times

Essar Oil UK celebrates carbon capture ‘milestone’

London : Indian conglomerate Essar’s UK arm, Essar Oil (UK), is celebrating a new “milestone” in its transition to low carbon operations after the UK government shortlisted the construction of a new hydrogen project and separate carbon capture project at its site in Ellesmere Port, Cheshire, in north-west England. : Economic Times

Centre slashes Windfall Tax to Rs 13,000 per tonne, reintroduces levy on ATF, increase levy on Diesel

New Delhi : The government on Thursday reduced the windfall tax on petroleum crude marginally to Rs 13,000 per tonne from Rs 17,750 per tonne after crude oil prices reached 6 months low. : Economic Times

Centre cuts windfall tax on domestic crude

New Delhi : The union government has reduced the windfall tax on sale of locally produced crude oil to ₹13,000 per tonne. : Mint

Oil giants must face climate-liability suits in states, appeals court rules

New Delhi : A federal appeals court ruled that lawsuits by Delaware and Hoboken, N.J., seeking compensation from oil companies for the impacts of climate change should be decided in state, not federal courts. : Economic Times

Oil prices at 6-month low: Petrol at breakeven, losses continue on diesel

New Delhi : International oil prices have hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel – the most used fuel in the country, officials said. : Business Standard

OPINION: Crude oil markets’ roaring frenzy wanes amid weakening fundamentals

New Delhi : After riding a bullish wave which lifted Dated Brent to $137.64/b on March 8, international crude oil prices, while highly volatile, succumbed to recessionary fears and mounting inflationary pressures, amplified by the surge in global food prices, sparking macroeconomic growth concerns globally. : Economic Times

Oil prices ease as Russia output increases

New Delhi : Oil prices eased on Thursday, reversing course from the previous session, as rising output from Russia and worries about a potential global recession weighed on futures. : Economic Times

Companies plan $2.6B investment in major Alaska oil project

New Delhi : Two oil and gas companies have announced plans to invest $2.6 billion into developing a major oil field on Alaska’s North Slope. : Economic Times

BCPL seeks to invest Rs 450 crore for Naphtha storage at Haldia

New Delhi : Assam-based central PSU Brahmaputra Crakers and Polymers (BCPL) has proposed to invest Rs 450 crore for a naphtha import storage and despatch facility in Haldia port area in West Bengal, a senior official said on Thursday. BPCL NSE 2.10 % is implementing the prestigious Assam Gas Cracker project-the largest petrochemical project in the northeast. : Economic Times

Indian oil marketing majors’ short-term borrowings up 17% in FY22 to Rs 73,000 crore

New Delhi : The combined short-term borrowings of oil marketing majors Indian Oil Corporation (IOC NSE -0.95 %), Bharat Petroleum Corporation (BPCL NSE -1.73 %), and Hindustan Petroleum Corporation NSE -0.42 % (HPCL NSE -0.42 %) increased 17% in 2021-22 to ₹73,055 crore against ₹62,377 crore in FY21. : Economic Times

Oil rises as US crude stocks data, tight supply from Russia raise concerns

New Delhi : Oil prices rose on Thursday as robust U.S. fuel consumption data and expected falls in Russian supply late in the year offset concerns that a possible looming recession could undercut demand. : Business Standard

Oil up 3% on account of robust US crude stocks data, tight supply outlook

New Delhi : Oil prices gained about 3% on Thursday as robust U.S. fuel consumption data and an expected drop in Russian supply later in the year offset concerns that slowing economic growth could undercut demand. : Business Standard

Gadkari stresses on alternative fuels to minimise oil import, pollution

New Delhi : Union minister Nitin Gadkari on Thursday pitched for the use of alternative fuels for vehicles to reduce the import of crude oil as well as cut down on pollution. : Business Standard

Hygenco & Jindal Stainless Collaborate for Green Hydrogen

New Delhi : Hygenco & Jindal Stainless Collaborate for Green Hydrogen. : saurenergy.com

Fuel price updates on August 19: Check petrol, diesel rates at different places in Odisha

New Delhi : The rates of petrol and diesel have been considerably steady in Odisha and other parts of the country. Fuel prices, especially of petrol and diesel, are very sensitive to global crude prices. Prices of the petroleum products have now been aligned to market rates. : odishatv.in

Global oil prices at 6-month low, but why petrol & diesel prices are not declining in India?

New Delhi : Global crude oil prices have declined to a six-month low, but the domestic retail prices for petrol and diesel have registered no such changes. This may be because Indian fuel retailers have breakeven on petrol but they still continue to lose money on diesel. : Economic Times

Oil giants must face climate-liability suits in states, appeals court rules

New Delhi : A federal appeals court ruled that lawsuits by Delaware and Hoboken, N.J., seeking compensation from oil companies for the impacts of climate change should be decided in state, not federal courts. : Mint

Sarkaritel
By Sarkaritel August 19, 2022 07:12