MEDIA UPDATE (DECEMBER 05, 2022)

Sarkaritel
By Sarkaritel December 5, 2022 05:52

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05-Dec-2022

Power

NLCIL, Gridco to commission solar, hydro, green hydrogen projects

New Delhi : NLC India Limited (NLCIL) and the Odisha government-owned Grid Corporation of Odisha (GRIDCO) have signed a memorandum of understanding to set up solar, hydro and green hydrogen projects in the state. : Economic Times

Power Grid to separate telecom business, gets nod to foray into data centre biz

New Delhi : Power Grid Corporation of India Ltd is in the process of carving out its telecom vertical to a new fully-owned subsidiary, Powergrid Teleservices Ltd, in a bid to have a “focused approach” and to move up the value chain, senior company officials said. : Economic Times

Power giant NTPC begins hunt for investors for its subsidiary to raise capital

New Delhi : State-owned power giant NTPC has begun the hunt for investors to raise capital for its subsidiary NTPC Green Energy Ltd. According to a report by PTI news agency, a source said that NTPC Green Energy might get an investor by March 2023. : Mint

Power Ministry waives ISTS charges on transmission of electricity generated from new hydro-power projects

New Delhi : In a further step to realise the Government of India’s commitment to achieve its power requirement from renewable energy sources, the Ministry of Power has issued an order for the waiver of Inter-State Transmission system (ISTS) charges on transmission of electricity generated from new hydro-power projects. : psuconnect.in

NTPC Green Energy likely to get strategic investor by March next year

New Delhi : State-owned power giant NTPC is likely to get a strategic investor for its arm NTPC Green Energy Ltd by March 2023, which will help raise up to Rs 3,000 crore for implementing renewables projects in the country. : Business Standard

NTPC Participates in CPCB Conference & Exhibition

New Delhi : Central Pollution Control Board (CPCB) is organising a conference – “VAYU” from 02- 04 December 2022 at Bhubaneswar. NTPC is showcasing company’s commitment and efforts for maintaining improved Air Quality through an exhibit which was highly appreciated by the visitors. : psuconnect.in

Despite govt nod, solar firms’ long wait for land sees no end

Jaipur : Even after the Board of Investment chaired by the chief minister approved 6-7 solar projects having investments worth over Rs 2 lakh crore, most of them are waiting for land allotment. : Economic Times

Govt waives inter-state transmission charges for new hydro power projects

New Delhi : The Power Ministry on Friday announced a waiver of inter-state transmission charges on wheeling electricity for 18 years for new hydropower projects. The waiver is already available to solar and wind power projects. : Economic Times

Govt waives inter-state transmission system charges for new hydro-power projects

New Delhi : The Union Power ministry on Friday issued an order for a waiver of the Inter-State Transmission system (ISTS) charges on the transmission of electricity generated from new hydropower projects. According to a press release by the ministry, the said waiver is already available to solar and wind power projects. : Economic Times

Govt works to nudge industry off fossil fuel to green energy

New Delhi : The government is working on a long-term strategy to make Indian industry eco-friendly, electrifying industries that use gas and fossil fuels and moving others to harness green hydrogen, two people with knowledge of the plans said. : Mint

Coal important for energy security, govt undertaking reforms: Pralhad Joshi

New Delhi : Coal and Mines Minister Pralhad Joshi while emphasising on the importance of dry fuel in securing energy security on Saturday said that the government is undertaking various reforms in the sector. : Business Standard

India needs to invest up to Rs 50,000 cr in carbon capture by 2030: NITI Aayog

New Delhi : India needs to invest Rs 30,000 crore to Rs 50,000 crores in carbon capture by 2030 to provide a pathway for reaching net zero by 2070, according to a recent NITI Aayog report. : Economic Times

Amara Raja to set up Rs 9,500 crore lithium-ion battery facilities in Telangana

Hyderabad : Amara Raja Batteries Limited (ARBL) on Friday said it will be investing over Rs 9,500 crore, over a period of 10 years for setting up research and development, and a greenfield manufacturing facility for lithium-ion battery-making in Mahbubnagar district of Telangana. : Economic Times

Octopus Energy acquires British solar power developer Zestec

London : Octopus Energy Group’s generation arm has acquired British solar power developer Zestec Renewable Energy to build more than 100 rooftop solar projects, the company said on Friday. : Economic Times

TN power utility to float tender for installation of smart meters

New Delhi : Tamil Nadu Generation and Distribution Company (Tangedco), the power utility of the state would soon be floating tenders for the installation of smart meters across the state. : Economic Times

SJVN bags Maharashtra discom’s 200-MW solar project worth Rs 1,200 crore

New Delhi : State-owned SJVN Ltd on Saturday said that its arm SJVN Green Energy has bagged a 200 MW solar project worth Rs 1,200 crore from Maharashtra State Electricity Distribution Company Ltd. : Business Standard

India Records 17% increase in Coal Production during April-November 2022

New Delhi : India’s coal production increased impressively by 17.13% to 524.20 Million Ton (MT) during April –November 2022 as compared 447.54 MT production during the same period of the previous year. Coal India Ltd (CIL) coal production reported 412.63 MT up to November of FY 23 as compared to 353.41 MT during the same period of the previous year representing an increase of 16.76%. : psuconnect.in

SolarArise, SJVN Green Energy, and Tata Power Renewables Win MSEDCL’s 500 MW Solar Auction

New Delhi : SolarArise, SJVN Green Energy, and Tata Power Renewables Win MSEDCL’s 500 MW Solar Auction. : mercomindia.com

Power Ministry waives inter-state transmission system charges for 18 years on new hydro-electric projects

New Delhi : The Power Ministry on Friday announced a waiver of inter-state transmission charges on wheeling electricity for 18 years for new hydropower projects. : millenniumpost.in

West Bengal Coal-Based Power Plants Don’t Comply With 2015 SO2 Emission Norms

Kolkata : It has been seven years since the Centre’s December 2015 notification making it mandatory for a majority of coal-based power plants to comply with emission norms was issued but not a single power station in West Bengal (WB) has installed the technology to reduce the generation of sulphur dioxide (SO2), nitrogen oxides (NOx) and mercury (Hg). : newsclick.in

India is a leader in energy transition and nobody has done as much as we have: R K Singh at Idea Exchange

New Delhi : Minister for Power, New and Renewable Energy R K Singh on meeting global targets for climate action, streamlining power distribution and efficient harnessing of renewable energy. The session was moderated by Deputy Political Editor Liz Mathew. : Indian Express

AIADMK stages hunger protest against price rise, power tariff hikes and property tax hikes

Coimbatore : All India Anna Dravida Munnetra Kazhagam (AIADMK) on Friday staged a hunger protest against price rise, power tariff hikes, property tax hikes in Coimbatore. : fibre2fashion.com


Oil and Gas

Indian Oil to operate 24 EV charging stations in Goa in next two years

Panaji : Even as Indian Oil Corporation Ltd (IOCL) operates 10 EV charging stations in Goa, it plans to take this number to 24 in the coming two years as adoption of electric vehicles increases. The government-owned petroleum refinery also plans to invest anywhere between Rs 30-40 crore in Goa as it makes a shift towards greener fuels. : Economic Times

IndianOil adjudged as Arogya World Healthy Workplace

Bengaluru : Indian Oil Corporation has been adjudged as Arogya World Healthy Workplace in the Platinum Category by Arogya World India Trust, Bangalore. : psuconnect.in

Cabinet note on Kirit Parikh panel’s recommendations on gas prices by month-end

New Delhi : The Central government is likely to seek stakeholders’ comments on the recommendations given by the Kirit Parikh committee on natural gas prices, and prepare a cabinet note by the end of this month, highly placed sources have said. : Sarkaritel.com

Oil Ministry to seek compensation for petrol, diesel losses in last 8 months

New Delhi : The oil ministry will seek compensation from the finance ministry for the losses state-owned fuel retailers incurred on holding petrol and diesel prices in the last eight months despite a spike in cost of raw material, a top official said on Friday. Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) posted a combined net loss of Rs 21,201.18 crore in April-September. : Economic Times

ETEnergyworld Annual Gas Conclave: Oil minister Hardeep Singh Puri to address industry leaders

New Delhi : The ETEnergyworld Annual Gas Conclave & Awards 2022, the mega initiative of the Economic Times, will kickstart on Monday with participation from the who’s who of the Indian and the global Oil & Gas industry, and the Minister for Petroleum & Natural Gas and Housing and Urban Affairs, Hardeep Singh Puri addressing the industry leaders. : Economic Times

Gas prices are dropping: here’s how much lower they might go

New Delhi : Gas prices are well below record highs hit earlier this year. Analysts think they could fall even farther. : Mint

OPEC+ agrees to keep oil production unchanged

New Delhi : At a meeting on Sunday, the OPEC+ alliance has agreed to maintain production at current levels, pausing to take stock of a global oil market that’s roiled by uncertainty over Chinese demand and Russian supply. : Mint

Oil price cap looks set to keep Russian oil flowing even as war continues

New Delhi : The Group of Seven is set to impose a price cap on Russian oil that’s well above where it now trades. If there was ever any doubt what the premise of the cap was, it’s now clear: the US and its allies want Russia’s crude to keep flowing. : Business Standard

Russia refuses to accept EU’s price cap of $60/barrel on crude oil

New Delhi : Russia refused to accept a price cap on Russian oil which European Union along with G7 and others have set a deal for a USD 60 per barrel, Kremlin Spokesman Dmitry Peskov said. : Business Standard

OPEC set to stick or cut more amid plan to cap Russian oil price

London : Major oil producers are expected to stick to their current output strategy or even slash production further when they meet on Sunday in the face of falling prices, a potential Russian oil price cap and an embargo on Russian crude shipments. : brinknews.com

NLCIL, Gridco to commission solar, hydro, green hydrogen projects

New Delhi : NLC India Limited (NLCIL) and the Odisha government-owned Grid Corporation of Odisha (GRIDCO) have signed a memorandum of understanding to set up solar, hydro and green hydrogen projects in the state. : Economic Times

What will the Russian oil price cap do to markets like India, China

New Delhi : The Group of Seven will impose a price cap on Russian oil that’s well above where it now trades. If there was ever any doubt what the premise of the cap was, it’s now clear: the US and its allies want Russia’s crude to keep flowing. : Economic Times

Kirit Parekh panel recommends 20 pc premium for new gas production by ONGC, OIL

New Delhi : The Kirit Parikh Committee, which recommended a floor and ceiling price for natural gas produced from legacy fields of state-owned producers to moderate input price for CNG and fertilizer, has favoured paying ONGC and OIL a premium of 20 per cent over such price for any new gas production they add from old fields. : Economic Times

Russia will rely on ‘shadow’ tanker fleet to keep oil flowing

New Delhi : Shipping companies have snapped up dozens of secondhand oil tankers this year, paying record prices for ice-class ships that can navigate frozen seas around Russia’s Baltic ports in winter. : Mint

Russia rejects West’s $60 per barrel oil price cap

New Delhi : Russia has rejected a $60 per barrel price cap on its seaborne crude oil decided by the European Union, the Group of Seven (G7) nations, and Australia a few days ago. : Mint

OPEC+ heading for no policy change in Sunday talks: Report

New Delhi : OPEC+ is poised to stick to its oil output targets when it meets on Sunday, four OPEC+ sources said as the alliance gathers after the Group of Seven (G7) nations agreed a price cap on Russian oil. : Mint

Russia price cap not to affect oil imports

New Delhi : Even as the price cap on Russian oil is set to come into effect next week, India will continue to import crude oil from all sources, including Russia, a senior government official said on Friday. : Mint

Price cap on Russian oil to benefit mkts, constrain Putin’s finances: US

New Delhi : The US has welcomed the USD 60-per-barrel price cap on Russian oil, describing it as an important tool that will benefit emerging markets and low-income economies and further cripple President Vladimir Putin’s finances used to fund his brutal invasion on Ukraine. : Business Standard

OPEC, allied producers’ targets remain same amid sanctions against Russia

New Delhi : The Saudi-led OPEC oil cartel and allied producers, including Russia, did not change their targets for shipping oil to the global economy amid uncertainty about the impact of new Western sanctions against Russia that could take significant amounts of oil off the market. : Business Standard

Chennai Corporation plans 100 per cent processing of solid waste in city

New Delhi : The Greater Chennai Corporation has planned to launch a slew of schemes for 100 per cent processing of municipal solid waste in the city of Chennai. A Corporation spokesperson said they were exploring the possibility of setting up 2 high capacity bio CNG plants each with 500 tonne capacity to process the segregated wet waste in the city. : thestatesman.com

Petrol and Diesel Rate Today, 4 December: Fuel prices unchanged; Check rates in Delhi, Mumbai, other cities

Hyderabad : The rate of diesel and petrol have not been changed on 4 December 2022 (Sunday) and prices have been steady for about seven months now. In Mumbai, petrol costs Rs 106.31 per litre and diesel at Rs 94.27 per litre. : Financial Express

Sarkaritel
By Sarkaritel December 5, 2022 05:52