MEDIA UPDATE (DECEMBER 02, 2022)

Sarkaritel
By Sarkaritel December 2, 2022 07:20

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02-Dec-2022

Power

” New Delhi : An MoU was signed between NLC India Limited (NLCIL) & GRIDCO (Grid Corporation of Odisha) for the purpose of setting up Ground Mounted/Floating Solar Power Projects, Pumped Hydro Storage Projects, Green Hydrogen Projects and any other renewable projects at ‘Make in Odisha Conclave,’ being held at Bhubaneswar on 1st December 2022.” : Sarkaritel.com

BHEL among 5 bidders for Rs 58,000 cr deal to manufacture, maintain 200 Vande Bharat trains

New Delhi : State-run Bharat Heavy Electricals Ltd (BHEL) has formed a consortium with Titagarh Wagons and is among five entities which have bid for the mega Rs 58,000 crore contract to manufacture 200 Vande Bharat trains and maintaining them for the next 35 years. : Economic Times

Coal India’s Apr-Nov production rises 17 pc to 412.6 MT

New Delhi : State-owned CIL on Thursday said it produced 412.6 million tonnes of coal in the April-November period of the current fiscal and expressed confidence that it will surpass the the output target set for the current financial year. : Economic Times

India’s open access solar capacity grows 91 pc to 596 MW in Jul-Sep: Report

New Delhi : Installation of open access solar capacity in India increased by 91 per cent to 596 megawatt (MW) during the July-September period, according to Mercom Research India. India added 312 MW of solar open access capacity in the same period a year ago, the research firm said in a report on Thursday. : Economic Times

Amazon announces 300 MW wind-solar hybrid projects in India

New Delhi : Amazon on Thursday announced its first wind-solar hybrid projects in India with Vibrant Energy, a subsidiary of Macquarie’s Green Investment Group. : Economic Times

GAIL invites tender for 600 MW solar PV power project in Gujarat

New Delhi : State-owned natural gas utility GAIL India Ltd today floated a tender for setting up a 600 Megawatt (Mw) solar Photo Voltaic project at Khavda Ultra Mega Solar Park at Kutch district in Gujarat. : Economic Times

Opinion: Aluminium extrusions and the country’s gigantic 500 gigawatts renewable energy target by 2030

New Delhi : The aluminium economy has been at the forefront as the foundation for energy-efficient industries, communities and economies around the world. : Economic Times

India’s electricity consumption grows 14 per cent to 112.81 billion units in November

New Delhi : Indiia’s power consumption logged a double-digit growth of 13.6 per cent to 112.81 billion units in November 2022 compared to the year-ago period, according to the government data. : Economic Times

6 million households across Ukraine without electricity

New Delhi : Ukrainian President Volodymyr Zelensky has said that about 6 million households across the war-torn nation are without electricity as a result of Russian strikes hitting critical power infrastructure. : Economic Times

Jharkhand plans solar power in 200 villages by 2023

Ranchi : With Giridih gearing up to become the state’s first solar city, the Jharkhand government has set an ambitious target of equipping 1,000 villages with solar lights across the state under Jharkhand State Solar Policy 2022 of which 200 villages will be solarised in the first phase by 2023. : saurenergy.com

Germany plans to buy majority stake in unit of Dutch grid operator TenneT: sources

Berlin, Germany : The German government wants to buy either a majority stake or all of the German subsidiary of Dutch power grid operator TenneT as part of Berlin’s planned transition towards sustainable energy use, two German government sources told Reuters. : Economic Times

Jharkhand government plans solar power in 200 villages by 2023

New Delhi : With Giridih gearing up to become the state’s first solar city, the Jharkhand government has set an ambitious target of equipping 1,000 villages with solar lights across the state under Jharkhand State Solar Policy 2022 of which 200 villages will be solarised in the first phase by 2023. : Economic Times

India will achieve 1.5 bn coal production by 2030: Minister

New Delhi : India will achieve coal production of 1.5 billion tonnes by 2030, Union MoS for Railways, Coal and Mines Raosaheb Danve Patil said on Thursday. : Mint

Union minister Joshi stresses on role of coal in India’s energy security

New Delhi : Union minister Pralhad Joshi on Thursday said the nation’s energy security is important and the country would still need around 1.5 billion tonnes of coal even if 50 per cent of energy demand is met through renewable sources. : Economic Times

India’s open access solar capacity grows 91% to 596 MW in Jul-Sep: Report

New Delhi : Installation of open access solar capacity in India increased by 91 per cent to 596 megawatt (MW) during the July-September period, according to Mercom Research India. : Business Standard

SJVN, Grid Corporation of Odisha to form JV for hydro, solar projects

New Delhi : State-run SJVN Ltd on Thursday said its arm SJVN Green Energy and Grid Corporation of Odisha (GRIDCO) will form a joint venture to develop a 1,000 MW hydro electric project and 2,000 MW solar project entailing an investment of Rs 20,000 crore. : Business Standard

SJVN Limited signs MOU for 3000 MW Hydro & Solar Power Projects during Make in Odisha Conclave 2022

Bhubaneswar : Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN today informed that a Memorandum of Understanding (MoU) has been signed between SJVN’s wholly owned subsidiary SJVN Green Energy Limited (SGEL) and Grid Corporation of Odisha (GRIDCO) at Bhubaneswar. : psuconnect.in

Solid Power CEO steps down from battery startup

New Delhi : Doug Campbell said he stepped down as chief executive officer of Solid Power Inc. so the battery startup can find a leader with more manufacturing expertise. : Economic Times

Japan begins power saving scheme amid supply concerns

Tokyo, Japan : Japan on Thursday began a power saving scheme in a bid to ensure a stable electricity supply throughout the winter months amid concerns over a possible power crunch. : Economic Times

Panel blames Maharashtra State Electricity Distribution Company Limited for ”unfair practices’

Mumbai : The Thane Additional District Consumer Disputes Redressal Commission in an ex-parte order has held the MSEDCL guilty of deficiency in service and of engaging in unfair trade practices and directed it to pay compensation of Rs 3,000 and litigation cost of Rs 2,000 to a complainant. : Economic Times

Rajasthan govt requests Chhattisgarh to make its coal blocks operational

Raipur : Facing a power crisis, Rajasthan government has again requested Chhattisgarh to expedite the process for making its captive mines operational. : Economic Times

Construction of 339 mile power line begins in NY

New Delhi : Construction has begun on an underground electrical transmission line that will bring Canadian hydropower to New York City as part of an effort to make the Big Apple less reliant on fossil fuels, state officials announced Wednesday. : Economic Times

UK-listed Contango plans thermal coal exports from Zimbabwe in 2023

New Delhi : London-listed Contango Holdings plans to start exporting thermal coal early next year from its Zimbabwe mine following requests from customers in Europe and Asia, the company said on Wednesday. : Economic Times

Tata Power Renewable Energy Wins 255 MW Wind-Solar Hybrid Auction

New Delhi : Tata Power Renewable Energy Wins 255 MW Wind-Solar Hybrid Auction. : mercomindia.com

India Adds Around 1.9 GW of Open Access Solar in 9M 2022, Installations Up by 96%

New Delhi : India Adds Around 1.9 GW of Open Access Solar in 9M 2022, Installations Up by 96%. : mercomindia.com

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

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

US Corporates Installed 19 GW of Solar Capacity Through June 2022

New Delhi : US Corporates Installed 19 GW of Solar Capacity Through June 2022. : mercomindia.com

AMEA Power Closes Financing of 1 GW Solar, Wind Project for US$1.1 Bn in Egypt

New Delhi : AMEA Power Closes Financing of 1 GW Solar, Wind Project for US$1.1 Bn in Egypt. : saurenergy.com

L&T Picks LONGi for Saudi Projects With 1292 MW Module Order

New Delhi : L&T Picks LONGi for Saudi Projects With 1292 MW Module Order. : saurenergy.com

Pune Municipal Floats Tender for Setting Up EV Charging Stations

New Delhi : Pune Municipal Floats Tender for Setting Up EV Charging Stations. : saurenergy.com

Egypt seals $1.1 billion solar and wind deal with AMEA Power

New Delhi : The Egyptian government has finalised agreements with Emirati firm AMEA Power to build a solar park and a wind farm with a combined capacity of more than a gigawatt (GW) in a $1.1 billion deal, the cabinet said on Wednesday. : Economic Times

Nitish bats for ‘one nation, one power tariff’

Patna : Bihar Chief Minister Nitish Kumar has called for a ‘one nation, one power tariff’ policy, stating that some states have to purchase power at a higher rate than others. : Economic Times

GEDA Floats Tender for Setting Up 40 Electric Vehicle Charging Stations

New Delhi : GEDA Floats Tender for Setting Up 40 Electric Vehicle Charging Stations. : saurenergy.com

India’s Policy Framework For Low-Carbon Electricity Generation

New Delhi : India’s Policy Framework For Low-Carbon Electricity Generation. : saurenergy.com

Meta & D. E. Shaw Renewable Sign 200 MW Clean Power Project in Arkansas

New Delhi : Meta & D. E. Shaw Renewable Sign 200 MW Clean Power Project in Arkansas. : saurenergy.com

APTEL Asks TANGEDCO to Reimburse Solar Developers for Excess Energy Demand

New Delhi : APTEL Asks TANGEDCO to Reimburse Solar Developers for Excess Energy Demand. : saurenergy.com

Maharashtra Regulator Allows Procurement of 500 MW of Round-the-Clock Power

New Delhi : Maharashtra Regulator Allows Procurement of 500 MW of Round-the-Clock Power. : mercomindia.com

Heavy Penalty Prompts DISCOMs to Clear Dues Worth ₹246.8 billion Since June

New Delhi : Heavy Penalty Prompts DISCOMs to Clear Dues Worth ₹246.8 billion Since June. : mercomindia.com

Madhya Pradesh Regulator Approves Tariff for 278 MW Floating Solar Project

New Delhi : Madhya Pradesh Regulator Approves Tariff for 278 MW Floating Solar Project. : mercomindia.com


Oil and Gas

” New Delhi : IndianOil, the Energy of India has always worked upon fuelling the needs of Indians. Providing new and improved products and services to the customers. Offering value added services to the customers has always been a forte of IndianOil. Keeping this in mind, IndianOil had launched XP100- India’s first 100 Octane Petrol for High end Petrol vehicles on 01.12.2020 and the novel product has successfully completed two years.” : Sarkaritel.com

GAIL invites tender for 600 MW solar PV power project in Gujarat

New Delhi : State-owned natural gas utility GAIL India Ltd today floated a tender for setting up a 600 Megawatt (Mw) solar Photo Voltaic project at Khavda Ultra Mega Solar Park at Kutch district in Gujarat. : Economic Times

Alternative energy: IOC to set up new company for green business

New Delhi : Indian Oil Corporation (IOCL), India’s largest oil marketing company, is planning to set up a new company to house its alternative energy businesses, according to sources aware of the development. : Economic Times

BPCL recognised at 9th edition of India CSR Summit

New Delhi : BPCL has been recognised at the 9th edition of India CSR Summit in the category ‘Rural Development and Infrastructure’ for projects with government schools in Arunachal Pradesh, as part of the ‘Border Village Development Program’. : psuconnect.in

IOCL celebrates 25 years of receiving first crude at Panipat Refinery

New Delhi : Indian Oil Corporation Limited, a Central public sector undertaking of India celebrates 25 years of the receipt of the first crude at IndianOil’s Panipat Refinery. : psuconnect.in

Egypt to build 21 desalination plants in phase 1 of scheme – sovereign fund

New Delhi : Egypt plans to award deals next year to build 21 water desalination plants in the first $3 billion phase of a programme that will draw on renewable energy, the CEO of the country’s sovereign fund said on Thursday. : Economic Times

Ryanair signs sustainable fuel agreement with Shell

New Delhi : Ryanair signed an agreement with Shell on Thursday that it said would give it potential access to 360,000 tonnes of sustainable aviation fuel (SAF) from 2025 to 2030 as the low-cost carrier seeks to cut its carbon emissions. : Economic Times

Canada approves expansion project on TC Energy’s NGTL gas pipeline system

New Delhi : The Canadian government on Wednesday approved an expansion to TC Energy’s NOVA Gas Transmission Ltd (NGTL) pipeline system in Alberta, which will help improve market access for western Canadian natural gas. : Economic Times

Opinion: Asia crude oil imports hit record high, but strength is deceptive: Russell

Launceston, Australia : Asia’s crude oil imports most likely rose to a record high in November, but much of the strength was because refiners were ensuring sufficient inventories ahead of possible disruptions of shipments from Russia. : Economic Times

EU defends gas price cap proposal after country criticism

New Delhi : The European Union’s energy chief on Wednesday defended the bloc’s proposal to cap gas prices and said countries will negotiate possible changes to the proposal, after a backlash from EU member states. : Economic Times

Airbus developing hydrogen-powered zero emission engine

New Delhi : European aerospace major Airbus on Wednesday said it is developing a hydrogen-powered fuel cell engine for its zero-emission aircraft that will enter service by 2035. : Economic Times

Philippines needs to find ways to exploit South China Sea resources, says Marcos

New Delhi : The Philippines must find a way to explore for oil and gas in the South China Sea even without a deal with China, President Ferdinand Marcos Jr said on Thursday, emphasising his country’s right to exploit energy reserves in the contested waterway. : Economic Times

OPEC oil output drops in November after cut pledged: survey

London : OPEC oil output has fallen in November, led by top exporter Saudi Arabia and other Gulf members, after the wider OPEC+ alliance pledged steep output cuts to support the market amid a worsening economic outlook, a Reuters survey found on Wednesday. : Economic Times

US urges caution on low-quoted Russian oil prices as EU debates price cap

New York : The Biden administration broke its silence on Wednesday on European Union deliberations over a $65-70 per barrel Russian oil price cap on Wednesday, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution. : Economic Times

Oil dips on OPEC+ uncertainty; easing China COVID curbs cap declines

New Delhi : Oil prices dipped in Asia trade on Thursday as uncertainty lingered ahead of Sunday’s OPEC+ meeting, though easing COVID curbs at the world’s top crude importer China capped price declines. : Economic Times

Petrobras boosts its five-year investment plan to $78 billion

Houston : Petrobras’ on Wednesday disclosed a 15% increase in its five-year investment plan to $78 billion, with little change to the company’s past strategy of focusing on oil and gas production. : Economic Times

Oil edges higher on tight supply, China demand recovery optimism

New Delhi : Oil prices nosed ahead in early Asian trade on Thursday, lifted by signs of tighter supply and by optimism over a Chinese demand recovery. : Economic Times

India to use G20 presidency for global biofuels alliance on the lines of ISA

New Delhi : India will leverage its presidency of the G20 to form a global biofuels alliance on the lines of International Solar Alliance (ISA), the Indian inter-government initiative that was jointly launched by prime minister Narendra Modi and then French president Francois Hollande at the Paris COP21 meet in 2015. : 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

Jet fuel prices reduced by 2.3 per cent to Rs 1.17 lakh per kilolitre

New Delhi : Aviation Turbine Fuel (ATF) price on Thursday was slashed by 2.3 per cent to Rs 1,17,587.64 per kl in Delhi. : Economic Times

Woodside open to considering LNG plant in Timor for Sunrise gas

Melbourne : Woodside Energy Group said for the first time on Thursday it was willing to consider sending gas from the huge Greater Sunrise field to East Timor, instead of its long-preferred option of Darwin in Australia. : Economic Times

US EPA to propose boost in biofuel blending volumes, EV program: sources

New York : The US Environmental Protection Agency will propose increases in the amount of ethanol and other biofuels that oil refiners must blend into their fuel over the next three years, two sources familiar with the matter said. : Economic Times

Petrol, diesel sales see double-digit growth in November

New Delhi : Petrol and diesel sales in India saw a double-digit year-on-year growth in November as increased demand from the agriculture sector helped build on the momentum generated by the festive season, preliminary industry data showed on Thursday. : Economic Times

German gas importer Uniper seeks damages from Gazprom

Berlin, Germany : German energy company Uniper said Wednesday it’s suing Gazprom for damages over natural gas that hasn’t been delivered since June, when the Russian supplier started reducing amounts to Germany. : Economic Times

Analysis: Europe wary of Turkish hub to hide gas ‘made in Moscow’

Moscow : President Vladimir Putin’s plan to make Turkey a hub for Russian gas in theory could allow Moscow to mask its exports with fuel from other sources, but that might not be enough to persuade Europeans to buy, analysts and sources said. : Economic Times

Offshore Drilling Outlook 2023: Africa’s Offshore Rigs Count to Keep Climbing

New Delhi : Drilling activity will continue to increase in offshore sub-Saharan Africa next year, according to the recent rig tracker data by Hawilti, an investment research firm based in mauritius. : Economic Times

Venezuela’s Maduro calls for ‘complete lifting’ of oil sanctions

New Delhi : Venezuelan President Nicolas Maduro said the easing of an oil embargo on his country by the United States was not enough, and called Wednesday for the total lifting of sanctions. : mercomindia.com

EU embargo diverts Lukoil’s Caspian oil to CPC link

London : Russia’s Lukoil will stop exports from its Caspian oilfields via the Baku-Tbilisi-Ceyhan (BTC) pipeline from December due to Western sanctions and divert them to the Caspian Pipeline Consortium (CPC) system, four sources with knowledge of the matter told Reuters. : Economic Times

Canadian Natural forecasts higher oil and gas production, sets new emission goals

New Delhi : Canadian Natural Resources Ltd on Wednesday forecast increased production for 2023, as it seeks to capitalize on higher oil and gas prices and set a new environmental target. : Economic Times

Enbridge sees higher 2023 profit, joins Occidental on carbon capture project

New Delhi : Canada’s biggest pipeline operator Enbridge Inc on Wednesday forecast higher 2023 core earnings, banking on sustained high demand for oil and gas amid tight supplies, and announced plans to develop a carbon capture hub with a unit of Occidental Petroleum Corp in Texas. : Economic Times

Greece can nearly quadruple gas export capacity by 2025: gas grid operator

New Delhi : Greece is becoming a European gas corridor and can nearly quadruple its gas export capacity to neighbouring countries in the coming years thanks to new infrastructure under development, Maria Rita Galli, the chief executive of the country’s gas grid operator DESFA said on Wednesday. : Economic Times

Windfall profit tax on crude oil halved, levy on export of diesel too slashed

New Delhi : The government on Thursday slashed to less than half the windfall profit tax on domestically produced crude oil and also reduced the levy on diesel. : Economic Times

Govt cuts windfall tax on locally produced crude, diesel exports

New Delhi : Centre has reduced the windfall tax on sale of domestic crude oil to ₹4,900 per tonne from the current tax of ₹10,200 crore. : Mint

UP, Haryana, Rajasthan to register only CNG and e-autos, phase out diesel ones in NCR

New Delhi : The Central government’s air quality panel has directed Uttar Pradesh, Haryana and Rajasthan to ensure the registration of only Compressed Natural Gas (CNG) and e-autos from 1 January, 2023. : Mint

‘Price review suggestion can be beneficial for city gas distribution cos’

New Delhi : The recommendations of the government-appointed panel for reviewing the prices of natural gas, if approved by the cabinet can be beneficial for city gas distribution (CGD) companies, analysts said. : Mint

Oil rises ahead of OPEC+ meeting, easing China Covid curbs lend support

New Delhi : Oil rose on Thursday supported by investor wariness that OPEC+ may cut supply further at its meeting on Sunday and as easing COVID curbs in China raised hopes about higher demand in the world’s top crude importer. : Business Standard

Jet fuel price slashed by 2.3% as international oil price softens

New Delhi : Jet fuel (ATF) price was on Thursday reduced by 2.3 per cent, reflecting softening international oil prices but petrol and diesel rates remained on freeze for a record eighth month in running. : Economic Times

Russia continues hold on Indian oil supplies; West’s price cap threat looms

New Delhi : Russia continued to exercise its dominance over India’s crude oil market for the third consecutive month in November, surpassing traditional West Asian suppliers Iraq and Saudi Arabia, according to data from western commodity analytics firms and Indian customs. : Business Standard

EU agrees on $60 per barrel price cap on Russian oil, say reports

New Delhi : The European Commission, the European Union’s executive body, has asked the bloc’s 27 member states to approve a price cap on Russian oil of $60 a barrel, according to people familiar with the matter. : Business Standard

Proposed gas price revision to bring short-term relief to CGDs: Analysts

New Delhi : The proposed revision in the domestic gas pricing formula by the Kirit Parikh committee is likely to benefit city gas distribution companies (CGDs) in the short term, while it may marginally hurt gas producers such as ONGC and Oil India, analysts say. : Business Standard

Essar Group plans ₹40,000 cr petrochemical complex in Odisha

New Delhi : Essar Group, the ports-to-power conglomerate controlled by billionaire brothers Shashi and Ravi Ruia, on Thursday said it is planning to set up a ₹40,000 crore petrochemical complex in Odisha in a tie-up with a global player. : Mint

Centre cuts windfall tax on crude oil output and diesel exports

New Delhi : Giving major relief to oil marketing companies and customers, the centre has revised the windfall gains tax on crude products. : Economic Times

Sarkaritel
By Sarkaritel December 2, 2022 07:20