MEDIA UPDATE (DECEMBER 01, 2022)

Sarkaritel
By Sarkaritel December 1, 2022 06:57

Related Articles


01-Dec-2022

Power

” New Delhi : REC Limited – A Maharatna CPSE, signed an MoU with PFC on 29th November 2022, as per the DPE Performance Evaluation System for FY 2022-23 for CPSEs. Vivek Kumar Dewangan, CMD, REC signed the MoU with Ravinder Singh Dhillon, CMD, PFC in the presence of Ajoy Choudhury, Director(Finance), REC, V.K. Singh, Director(Technical), REC, Manoj Sharma, Director(Commercial), PFC, R R Jha, Director(Projects), PFC, T.S.C. Bosh, Executive Director, REC and other senior officials from REC & PFC.” : Sarkaritel.com

Central Electricity Authority projects 9 per cent jump in peak power demand to 235GW in April 2023

New Delhi : Central Electricity Authority (CEA) on Tuesday said peak power demand may shoot up by nine per cent to 235 GW in April 2023 and called for proper planning to avoid recurrence of energy crisis. In April this year, the peak power demand was around 215GW. : Economic Times

Privatisation is not the only solution to discoms woes say NTPC CMD Gurdeep Singh

New Delhi : Privatisation is not the only solution to problems being faced by many power distribution utilities or discoms in the country as many state-owned entities are running efficiently and making profit, NTPC Chairman and Managing Director Gurdeep Singh said on Tuesday. : psuconnect.in

Britain’s energy watchdog proposes power price controls

London : Britain’s energy watchdog has proposed price controls for electricity distribution network companies for the next five years that it said would deliver cheaper and cleaner power at no extra cost to consumers. : Economic Times

IIT Mandi researchers generate power from artificial light sources

New Delhi : A team, including researchers from the Indian Institute of Technology (IIT) Mandi, has developed a new material that can generate electricity from household light sources like LED or CFL. : Economic Times

Government hopes for zero subsidy with EVs

Kolkata : The West Bengal Transport Corporation (WBTC) hopes to operate without subsidy in the future with EV being 66 per cent cheaper than diesel-run buses. The WBTC aims to replace its entire diesel guzzling fleet with clean-fuel or battery-run buses by 2030. : Economic Times

Total outstanding dues of States reduced by Rs 24,680 crore: Ministry of Power

New Delhi : With the implementation of Electricity (LPS and Related Matters) Rules, 2022, the Ministry of Power on Wednesday said that there has been a remarkable improvement in the recovery of outstanding power dues of suppliers including generating companies, transmission companies and traders. : Economic Times

SECI calls pre-bid meeting of solar module manufacturers to set up plants under PLI scheme

New Delhi : The Solar Energy Corporation of India (SECI) has called for a pre-bid meeting for selection of solar module manufacturers for setting up manufacturing capacities for high efficiency modules in India under tranche-II of the production-linked incentive (PLI) scheme. : Economic Times

Huge Australian wind farm secures $1.3 bln funding with no power contracts

Melbourne : Construction is set to begin on one of Australia’s biggest wind farms after its developers secured funding in a unique deal for the A$2 billion ($1.3 billion) first stage of the project after years of delays. : Economic Times

Opinion: Rooftop Solar: India’s Rising Hope in Renewable Energy

New Delhi : Disruptions in the supply of coal have interrupted power supply across the country, time and again in the last two summer seasons. These abrupt crises indicated that there is a grave need for steady solar power infrastructure. : Economic Times

Partners Group AG to invest $300 million in Sunsure Energy for majority stake

New Delhi : Partners Group AG, a Switzerland-based private equity (PE) firm, is planning to invest $300 million in leading rooftop solar firm Sunsure Energy for a majority stake, two people aware of the development said. : Mint

World’s Largest Solar Thermal Project Starts Grid Supplies In Dubai

New Delhi : World’s Largest Solar Thermal Project Starts Grid Supplies In Dubai. : saurenergy.com

DLL Floats Tender for Supply of Solar Inverters for Solar Plant, Port Blair

New Delhi : DLL Floats Tender for Supply of Solar Inverters for Solar Plant, Port Blair. : saurenergy.com

US Solar Output Increases by 26% in First Nine Months of 2022 Y-o-Y

New Delhi : US Solar Output Increases by 26% in First Nine Months of 2022 Y-o-Y. : saurenergy.com

With LPS Rules, Significant Improvement in Payment of Outstanding Dues from DISCOMs to GENCOs

New Delhi : With LPS Rules, Significant Improvement in Payment of Outstanding Dues from DISCOMs to GENCOs. : saurenergy.com

Project Finance Brief: Sunwin Energy Sells Solar Project Portfolio in Italy

New Delhi : Project Finance Brief: Sunwin Energy Sells Solar Project Portfolio in Italy. : mercomindia.com

Funding and M&A Roundup: Swell Energy Raises $120 Million for Virtual Power Plants

New Delhi : Funding and M&A Roundup: Swell Energy Raises $120 Million for Virtual Power Plants. : mercomindia.com

Lt Governor Chairs Review Meeting Of Power Development Department

New Delhi : Discusses various measures for enhancing sustainability, resilience and efficiency of the power sector and steps to achieve targets to reduce AT&C losses Monitoring mechanism of power projects should be strengthened to meet the energy goals and aspirations of the people & businesses. : indiaeducationdiary.in

LG reviews winter preparedness of power supply in J&K

New Delhi : Lieutenant Governor Manoj Sinha on Tuesday while reviewing functioning of the Power Development Department, ordered enhancing sustainability, resilience and efficiency of the power sector and steps to achieve targets to reduce transmission losses. : thestatesman.com

Swedish households slash electricity use under high prices

New Delhi : Swedish households slashed their electricity use in September and October, with consumption dropping by nearly a quarter in areas with the highest prices, local media reported. : Economic Times

Gujarat too will have free electricity from March: CM Bhagwant Mann

Ahmedabad : Exuding confidence in the victory of Aam Aadmi Party in the Gujarat polls, Punjab Chief Minister Bhagwant Mann on Wednesday said that the northwestern state will give free electricity from March. : Economic Times

Adani Power asks Raj to pay ₹1,376cr late fee, govt to move Supreme Court

Jaipur : Rajasthan Urja Vikas Nigam Limited (RUVNL) has decided to move the Supreme Court after Adani Power approached the apex court demanding Rs 1,376 crore from the state power companies as late payment surcharge. Power companies have already paid Rs 10,286 crore to Adani Power for the purchase of coal from Indonesia. : Economic Times

Haryana govt committed to resolving all issues in power sector: Minister Ranjit Singh

Gurgoan, Haryana : Haryana Power Minister Ranjit Singh on Tuesday assured industrialists that the state government will try its best to resolve all issues related to electricity supply so that economic development does not suffer. : Economic Times

Inox Wind, Inox Green Energy Services reduce debt by Rs 411 cr

New Delhi : Wind energy solutions provider Inox Wind on Tuesday said the company and its arm Inox Green Energy Services have paid debts of Rs 411 crore. : Economic Times

Discoms’ outstanding dues dip by Rs 24,689 cr to Rs 1,13,269 cr in last 6 months: Power Min

New Delhi : The Ministry of Power on Wednesday said outstanding dues of electricity distribution firms (discoms) towards gencos, transcos and traders have come down by Rs 24,680 crore to Rs 1,13,269 crore in the last six months. : Economic Times

Adani Power extends timeline to complete acquisition of DB Power till Dec 31

New Delhi : Adani Power on Monday said that the timeline for the completion of the Rs 7,017-crore deal to acquire thermal power assets of DB Power Ltd has been extended by one month till December 31, 2022. Earlier, the company had extended the timeline for completion by a month till November 30, 2022. : Economic Times

Adani, RIL skip Lanco unit auction citing IBC rule

New Delhi : Two of India’s biggest conglomerates – the Adani Group and Reliance Industries – did not participate in Wednesday’s auction for insolvent Lanco Amarkantak Power, citing a violation in the sale process, two people aware of the development told ET. : Economic Times

Energy crisis to boost sale of heat pumps to record levels: IEA

New Delhi : Worldwide sales of heat pumps are set to soar to record levels in the coming years as the global energy crisis accelerates their adoption, the International Energy Agency (IEA) said in a new special report released on Wednesday. : Mint

Discoms’ outstanding dues decreased to ₹1,13,269 crore in last 5 months: Centre

New Delhi : The Ministry of Power on Wednesday said the total outstanding dues of electricity distribution firms towards generation and transmission companies and traders have come down by ₹24,680 crore to ₹1,13,269 crore in the last 5 months. : Mint

GE Power, NGSL upgrade steam turbine project for NTPC’s Ramagundam power plant

New Delhi : GE Power India Limited (GEPIL) and its affiliates in consortium with NGSL have completed the steam turbine renovation and modernization project at NTPC’s Ramagundam, Super Thermal Power Station. : Mint

Discoms’ dues to gencos down by Rs 24,000 crore on back of loan scheme

New Delhi : Thanks to a special loan scheme by state-owned lenders Power Finance Corporation (PFC) and Rural Electrification Corporation (REC), the dues of power distribution companies (discoms) towards power generators has reduced by Rs 24,000 crore. : Business Standard

JinkoSolar’s Exclusive Corporate Event in Dhaka Gets Massive Response

New Delhi : JinkoSolar’s Exclusive Corporate Event in Dhaka Gets Massive Response. : saurenergy.com

Volkswagen’s Aurangabad Factory Adopts 100% Renewable Electricity

New Delhi : Volkswagen’s Aurangabad Factory Adopts 100% Renewable Electricity. : saurenergy.com

Corporate Solar Offtakers in US Contribute 14% of Installed Solar Capacity; Meta Takes Lead

New Delhi : Corporate Solar Offtakers in US Contribute 14% of Installed Solar Capacity; Meta Takes Lead. : saurenergy.com

Airtouch, Solabot, Sol-Bright: Leading Robotic Module Cleaning System Suppliers in 1H 2022

New Delhi : Airtouch, Solabot, Sol-Bright: Leading Robotic Module Cleaning System Suppliers in 1H 2022. : mercomindia.com

Daily News Wrap-Up: Black & Veatch to Help Develop 2 GW of Solar and Battery Storage

New Delhi : Daily News Wrap-Up: Black & Veatch to Help Develop 2 GW of Solar and Battery Storage. : Economic Times

UK’s Energy Storage Sector Gets £32 Million to Develop Innovative Technologies

New Delhi : UK’s Energy Storage Sector Gets £32 Million to Develop Innovative Technologies. : mercomindia.com

UP Power Employees Start Indefinite Strike Over Pay Scales, Appointments

New Delhi : UPPCL employees have also demanded cashless treatment, the restoration of the Old Pension Scheme and the regularisation of all outsourced workers. : newsclick.in

TN eyes key role in offshore wind energy, may mop up $30 bn investments

New Delhi : Wind resource-rich Tamil Nadu is looking to play a pivotal role in the upcoming offshore wind energy sector with an estimated investment of over $30 billion in the sector. However, industry experts indicate that the growth would depend on technology evolution and viability gap funding by the government to bring down the cost. : Business Standard


Oil and Gas

IOCL recognised as ‘Outstanding Employer of Ex-Servicemen’

New Delhi : IndianOil has been recognised as ‘Outstanding Employer of Ex-Servicemen’. Chairman and Managing Director of the company, Shri S. M. Vaidya received the award by Hon’ble Defence Minister Rajnath Singh. : psuconnect.in

Essar Oil UK to build carbon capture facility

New Delhi : Essar Oil UK Limited has announced its plan to build a 360 million-pound major new carbon capture plant at its Stanlow refinery in line with its ambition to become a leading low carbon refinery by 2030. : Sarkaritel.com

TC Energy sees higher costs for Coastal GasLink pipeline in 2023

New Delhi : North American oil and gas pipeline company TC Energy Corp on Tuesday forecast higher adjusted core earnings for 2023 and a significant rise in costs related to its long-delayed Coastal GasLink pipeline. : Economic Times

Mozambique re-opens key port in restive gas-rich north

New Delhi : Mozambique Tuesday for the first time in two years re-opened a key port servicing a multibillion-dollar gas project in the north of the country, public radio said, after dislodging jihadists from the town. : Economic Times

Mexico’s Pemex increases production and imports of gasoline, fuel

New Delhi : Mexican state oil company Pemex posted a substantial increase in gasoline and diesel production in October from the prior month, amid a slight rise in processing capacity at its local refineries and higher petroleum imports. : Economic Times

Australian gas producers line up deals as price cap looms

Melbourne : Australia’s natural gas producers have been racing to sign up customers in the past two weeks as the government considers price caps to protect households and manufacturers from soaring energy prices. : Economic Times

India to pitch for international biofuels alliance at G20: Hardeep Singh Puri

New Delhi : India will at the upcoming G20 meeting plans to pitch for a global alliance on biofuels on lines of the highly-successful international solar alliance, Oil Minister Hardeep Singh Puri said on Tuesday. : Economic Times

Transition refers to minimising greenhouse gas emissions: Coal India chief

Kolkata : Coal India Chairman Pramod Agrawal on Tuesday said India will continue to depend on coal to meet its power demand in the coming decades and stressed that energy transition means transition to a world where greenhouse gas emissions are reduced to a minimum. : Economic Times

Norway to postpone oil and gas licensing round

Oslo : Norway will not issue licences for energy companies to explore for oil and gas in frontier areas during the life of the current parliament, which ends in 2025, its oil and energy minister told Reuters on Tuesday. : Economic Times

Alberta Premier Danielle Smith seeks more sovereignty from Canada in new bill

New Delhi : The government of Canada’s main oil-producing province Alberta introduced proposed legislation on Tuesday to resist federal laws it deems harmful to Alberta, fulfilling a controversial promise from new Premier Danielle Smith. : Economic Times

Kirit Parikh panel favours ending control on pricing of gas from old blocks from 2027

New Delhi : An Indian government panel has recommended ending control on pricing of gas output from old blocks from January 2027, the head of the panel, Kirit Parikh, said on Wednesday in an interview with CNBC TV18. : Economic Times

Essar Oil UK to build $430 mn carbon capture facility at Stanlow refinery

New Delhi : Essar Oil UK Limited has announced its plan to build a £360 million major new carbon capture plant at its Stanlow refinery in line with its ambition to become a leading low carbon refinery by 2030. : Economic Times

Kirit Parikh panel suggests floor and ceiling price for gas from India fields

New Delhi : The Kirit Parikh committee has recommended a floor and ceiling price for the gas produced from India’s old fields. : Economic Times

Why finding a real Russian oil price cap is proving so hard for the policymakers from Europe

New Delhi : European diplomats trying to reach a deal to curb Russian oil prices are wrestling with an awkward truth: Moscow’s main benchmark crude is already trading below the levels proposed for the cap. : Economic Times

Essar Oil UK to build $432 million carbon capture facility at Stanlow refinery

New Delhi : Essar Oil UK said on Wednesday it plans to invest £360 million ($432 million) to build a carbon capture and storage (CCS) facility at its Stanlow refinery, in line with its ambition to become a leading low carbon refinery by 2030. : Mint

Indian govt panel favours ending control on pricing of gas from 2027

New Delhi : An Indian government panel has recommended ending control on pricing of gas output from old blocks from January 2027, the head of the panel, Kirit Parikh, said on Wednesday in an interview with CNBC TV18. : Mint

Chennai-based Manali Petrochemicals acquires UK-based Penn Globe

New Delhi : Chennai-based Manali Petrochemicals (MPL), a part of Singapore’s AM International, said on Wednesday it had acquired UK-based Penn Globe for GBP 21 million. : Business Standard

Germany to get new Qatari LNG flows via QatarEnergy, ConocoPhillips deal

New Delhi : Germany is set to receive new flows of Qatari liquefied natural gas (LNG) from 2026 after QatarEnergy and ConocoPhillips on Tuesday signed two sales and purchase agreements for its export covering at least a 15-year period. : Business Standard

Qatar to supply liquefied natural gas to Germany from 2026 under 15-yr deal

New Delhi : Qatar is to supply liquefied natural gas to Germany under a 15-year deal signed on Tuesday as the European economic powerhouse scrambles to replace Russian gas supplies that have been cut during the ongoing war in Ukraine. : Business Standard

Worldwide sales of heat pumps set to soar to record levels: IEA

New Delhi : Worldwide sales of heat pumps are set to soar to record levels in the coming years as the global energy crisis accelerates their adoption, the International Energy Agency (IEA) said in a new special report released on Wednesday. : Economic Times

Kirit Parikh panel submits gas report, suggests pricing freedom beginning Jan 2026

New Delhi : A government-appointed gas price review panel, led by Kirit Parikh on Wednesday submitted its report to the government, recommending a floor and ceiling price for legacy fields and complete pricing freedom starting January 1, 2026. : Economic Times

Kirit Parikh committee recommendations best for producers, consumers: ICRA

New Delhi : The recommendations of the Kirit Parikh committee on gas pricing are pragmatic and balanced taking in view the interests of both consumers and producers of gas, research and rating agency ICRA has said. : Economic Times

Gas driller pleads no contest to polluting town’s water

New Delhi : Pennsylvania’s most active gas driller pleaded no contest Tuesday to criminal charges, capping a landmark environmental case against a company that prosecutors say polluted a rural community’s drinking water 14 years ago and then tried to evade responsibility. : Economic Times

Suncor says holding on to Petro-Canada retail business

New Delhi : Canada’s Suncor Energy said on Tuesday it will retain its Petro-Canada gas station retail business following a review the company initiated earlier this year under pressure from activist investor Elliott Investment Management. : Economic Times

Abu Dhabi’s ADNOC working with Goldman Sachs on gas business, sources say

Dubai : Abu Dhabi National Oil company (ADNOC) has engaged Goldman Sachs to work on consolidation of its gas operations for a planned stock market flotation next year, two sources close to the transaction told Reuters. : Economic Times

EU inches towards deal on Russian oil price cap this week

New Delhi : European Union countries are inching towards a deal this week on a price cap on Russian oil, a way to adjust the cap in future, and on linking it to a package of new sanctions against Moscow over its invasion of Ukraine, diplomats said on Tuesday. : Economic Times

Military to stop guarding Norway’s onshore oil and gas plants, police say

Oslo : The military will no longer protect Norway’s onshore oil and gas installations as there is no longer a need for it, the police said on Tuesday, though the country’s armed forces and NATO allies will continue to patrol around offshore platforms. : Economic Times

Nigeria aims to end imports of petroleum products next year

New Delhi : Nigeria expects to stop importing petroleum products from before or around the third quarter of 2023, its oil minister Timipre Sylva said on Tuesday. : Economic Times

India discusses oil, skilled manpower with Guyana

New Delhi : India and Guyana held discussions on bilateral relations including gas and oil as well as Georgetown’s need for skilled manpower. India and Guyana held the 4th round of Foreign Office Consultations in Georgetown on November 28. : Economic Times

Lower crude prices give some respite to oil marketing companies

New Delhi : Crude prices slipping to a 10-month low is likely to give respite to oil marketing sompanies (OMCs) such as Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL), and Indian Oil Corporation Ltd (IOCL), which had seen significant pressure on their marketing margins during the higher crude price environment. : Mint

India to pitch for international biofuels alliance at G20, says Puri

New Delhi : India will at the upcoming G20 meeting plans to pitch for a global alliance on biofuels on lines of the highly-successful international solar alliance, Oil Minister Hardeep Singh Puri said on Tuesday. : Business Standard

Oil up as US crude stocks seen falling, OPEC+ concerns limit gains

New Delhi : Oil prices posted gains of more than 1% in Asian trade on Wednesday on falling U.S. crude inventories and a lower greenback, but concerns OPEC+ will leave output unchanged at its upcoming meeting and weak China data limited gains. : Business Standard

IGL, MGL gain up to 4% post Kirit Parikh panel gas pricing recommendations

New Delhi : Shares of oil & gas companies, including those of city gas distribution (CGD) companies, were in focus on Wednesday and moved higher by up to 4 per cent on the BSE intra-day trade on reports that the Kirit Parikh Committee recommended a floor and ceiling price for natural gas produced from legacy fields for a period of five years. : Business Standard

New Zealand’s Large Scale Green Hydrogen Project Onboards Partners

New Delhi : New Zealand’s Large Scale Green Hydrogen Project Onboards Partners. : saurenergy.com

Petrol Diesel Price Today, November 30: Check Latest Fuel Rates In Your City

New Delhi : Petrol and diesel prices are revised on a daily basis in India by oil marketing companies like Bharat Petroleum Corporation Ltd. (BPCL), Indian Oil Corporation Ltd. (IOCL), and Hindustan Petroleum Corporation Ltd. (HPCL). They compute the fuel prices based on the international crude and foreign exchange rates. : b-live.in

How govt’s iron hand helped IOC’s Puthuvype LPG project

Kochi : While Adani Group’s Vizhinjam port project is mired in protests, Indian Oil Corporation’s (IOC) LPG import terminal project at Puthuvype in Kochi, which faced similar agitation that scuttled its work repeatedly, is progressing without a whimper for nearly two-and-half years. : New Indian Express

Gas price review panel likely to recommend price cap for ONGC gas, no change in formula for Reliance

New Delhi : A government-appointed gas price review panel, led by Kirit Parikh, is likely to recommend price caps for natural gas produced from legacy fields of state-owned firms to help moderate CNG and piped cooking gas rates, while keeping the pricing formula for difficult fields unchanged. : Free Press Journal

Oil up over $2 on tighter supply but likelihood of OPEC+ talks limit gains

New Delhi : Oil prices rose by over $2 on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery. But the likelihood that OPEC+ will leave output unchanged at its upcoming meeting limited the gains. : Business Standard

Sarkaritel
By Sarkaritel December 1, 2022 06:57