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MEDIA UPDATE (DECEMBER 27, 2024)

27-Dec-2024

Power

REC Ltd launches wholly-owned subsidiary for Renewable Energy Projects in MP

524db06275b53New Delhi : State-owned REC on Wednesday said it has formed a subsidiary to evacuate power from renewable energy projects in Madhya Pradesh. : psuconnect.in

NTPC Issues Tender To Build Solar Trees For Its Bongaigaon Project

526d57314ba45New Delhi : NTPC Issues Tender To Build Solar Trees For Its Bongaigaon Project. : saurenergy.com

NHPC Opens Bids For 1.2 GW Wind-Solar Hybrid Tender

526a36c266c1eNew Delhi : NHPC Opens Bids For 1.2 GW Wind-Solar Hybrid Tender. : saurenergy.com

Acme secures ?1,988 cr loan for 300 MW hybrid renewable project

New Delhi : Acme secures ?1,988 cr loan for 300 MW hybrid renewable project. : Economic Times

Amplus Solar to commission ‘country’s first’ on-site solar-wind-battery project next year: Sharad Pungalia, CEO

New Delhi : Amplus Solar to commission ‘country’s first’ on-site solar-wind-battery project next year: Sharad Pungalia, CEO. : Economic Times

REC forms arm for renewable power evacuation in Madhya Pradesh

New Delhi : REC forms arm for renewable power evacuation in Madhya Pradesh. : Economic Times

Power panchayat unites various sectors against privatization

Chandigarh : Power panchayat unites various sectors against privatization. : Economic Times

China approves construction of world’s largest hydropower dam in Tibet

Beijling : China has approved the construction of what will be the world’s largest hydropower dam, kicking off an ambitious project on the eastern rim of the Tibetan plateau that could affect millions downstream in India and Bangladesh. : Business Standard

MP cabinet approves solarisation of all rural feeders to cut subsidy burden

New Delhi : In an effort to reduce power subsidies and alleviate the financial burden of upgrading power substations, the Madhya Pradesh cabinet has approved a proposal to solarise all 11 KV feeders in the state. : Business Standard

ACME Solar secures financing for 300 MW solar-wind hybrid project, wins 300 MW PV project

New Delhi : Acme Solar announced today that its arm Acme Renewtech has secured INR 1,988 crore in term loan financing from Power Finance Corp. (PFC) to fund the development and construction of a 300 MW solar-wind hybrid renewable energy project. : pv-magazine.com

REC forms arm for renewable power evacuation in Madhya Pradesh

524db06275b53New Delhi : State-owned REC Limited on Wednesday said it has formed a subsidiary for the evacuation of power from renewable energy projects in Madhya Pradesh. : psuwatch.com

ACME’s Subsidiary Secures Rs. 1,988 Cr Financing From PFC

New Delhi : ACME’s Subsidiary Secures Rs. 1,988 Cr Financing From PFC. : saurenergy.com

Energy sector roadmap prepared for next 25 years: Fadnavis

Nagpur : Energy sector roadmap prepared for next 25 years: Fadnavis. : Economic Times

Tripura renewable energy agency to supply purified water to 50 remote tribal hamlets

Agartala : Tripura renewable energy agency to supply purified water to 50 remote tribal hamlets. : Economic Times

Solar, EVs and a big exit from coal: 2024’s good climate news

New Delhi : Solar, EVs and a big exit from coal: 2024’s good climate news. : Economic Times

Gensol Engineering bags Rs 897 crore solar project contract from NTPC REL

New Delhi : Gensol Engineering on Thursday said it has secured a Rs 897-core contract from NTPC Renewable Energy Limited (NTPC REL) for the development of 225 MW grid-connected solar projects. : Business Standard

India’s coal-power plant growth holds near five-year high at 4 GW in 2024

New Delhi : which relies on coal to meet about three-quarters of electricity demand — kept installations of new capacity near a five-year high to try to meet surging power usage. : Business Standard

India’s coal-power plant growth holds near five-year high at 4 GW in 2024

New Delhi : which relies on coal to meet about three-quarters of electricity demand — kept installations of new capacity near a five-year high to try to meet surging power usage. : Business Standard

ReNew sells 300 MW solar asset in Rajasthan for $176 million

New Delhi : ReNew Energy Global Plc. is selling its entire stake in ReNew Sun Waves for $176 million to Anzen India Energy Yield Plus Trust (AnZen Trust). : pv-magazine.com

Gensol Engineering secures 276 MW DC solar EPC contract from NTPC

New Delhi : Gensol Engineering Ltd has secured an EPC contract from NTPC Renewable Energy Ltd to develop a 225 MW AC (276 MW DC) grid-connected solar PV project in Gujarat. : pv-magazine.com

Acme Solar Holdings secures Rs 1,988 crore loan from PFC to develop 300 MW hybrid project

New Delhi : Acme Solar Holdings on Thursday said it has raised Rs 1,988 crore from state-owned Power Finance Corporation (PFC) to fund a 300 MW hybrid project awarded to the company through a SECI auction. : psuwatch.com

NTPC Green Energy Shares fell amid Anchor Investors offloads stake

New Delhi : NTPC Green Energy Ltd. shares experienced a significant decline in trading on Thursday, following the end of the first lock-in period for anchor investors who chose to offload their stakes. : psuconnect.in

BPCL wins bid for 150 MW solar PV project of NTPC tender auction

New Delhi : Bharat Petroleum Corporation Limited (BPCL), a state-run company, has announced that it was selected as the lowest bidder in NTPC’s tender for the selection of solar power generators to establish 1,200 MW of ISTS-connected solar PV power projects across India. : psuconnect.in

SECI Floats 125 MW/500 MWh BESS Tender in Kerala With VGF

New Delhi : SECI Floats 125 MW/500 MWh BESS Tender in Kerala With VGF. : saurenergy.com

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Oil and Gas

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” Raipur : Mangalore Refinery and Petrochemicals Limited (MRPL) has once again secured four prestigious Excellence Awards at the 46th All India Public Relations Conference – PRSI Awards 2024.The awards were presented at a grand ceremony held in Babylon, Raipur, on November 22, 2024, by Arun Sao, the Deputy Chief Minister of Chhattisgarh.” : Sarkaritel.com

BPCL wins bid for 150 MW solar PV project of NTPC tender auction

52c021a3416f1New Delhi : Bharat Petroleum Corporation Limited (BPCL), a state-run company, has announced that it was selected as the lowest bidder in NTPC’s tender for the selection of solar power generators to establish 1,200 MW of ISTS-connected solar PV power projects across India. : psuconnect.in

MRPL Outshines Bright with Four Excellence Awards

52c0207805fb2New Delhi : At the 46th All India Public Relations Conference – PRSI Awards 2024, MRPL has once again demonstrated its excellence by winning four prestigious awards. : psuconnect.in

BPCL picks Andhra Pradesh for India’s last greenfield refinery project

52c021a3416f1New Delhi : BPCL picks Andhra Pradesh for India’s last greenfield refinery project. : Economic Times

BPCL plans to invest $2.9 billion in exploration in Mozambique, Brazil

52c021a3416f1New Delhi : State-run Bharat Petroleum Corp (BPCL) plans to spend ?25,000 crore (about $2.9 billion) on its exploration and production blocks in Mozambique and Brazil over the next three years, G Krishnakumar, chairman and managing director told ET. : Economic Times

MCG plans 150-tonne biogas plant, but is yet to find land in Gurgaon

New Delhi : MCG plans 150-tonne biogas plant, but is yet to find land in Gurgaon. : Economic Times

Adani’s Mundra port welcomes its first-ever LNG-Powered Vessel

New Delhi : Adani Ports and Special Economic Zone (APSEZ) Mundra welcomed CMA CGM Fort Diamant, the first-ever Liquefied Natural Gas (LNG) powered container vessel to dock at the port’s Container Terminal-CT4, the APSEZ said in a statement on Thursday. : Economic Times

India to drive global oil demand growth till 2035: IEA Report

New Delhi : India is set to lead global oil demand growth until 2035, according to a recent report by the International Energy Agency (IEA). : Economic Times

India’s oil demand growth to top China’s in 2024, trend to continue next year: S&P

New Delhi : India is poised to close 2024 with a higher oil demand growth rate than China, underscoring its emergence as a key consumption hub in Asia, according to a report by S&P Global Commodity Insights. : Mint

Govt initiates anti-dumping probe into LNG fuel tanks imports from China

New Delhi : India has initiated a probe into alleged dumping of LNG fuel tanks from China following a complaint by a domestic player, according to a commerce ministry notification. : Business Standard

Modified policy to revive ageing oilfields expected to be out in 2025

New Delhi : The government may notify the modified version of the policy on enhanced recovery (ER) and improved recovery (IR) for oil and gas in 2025, officials said. Set to replace the existing policy from 2018. : Business Standard

India’s LNG import surges 21% y-o-y in Apr-Nov period on account of higher demand

New Delhi : India’s Liquefied Natural Gas (LNG) imports surged 21 percent year-on-year in April-November period of FY2024-25, pushing up the country’s import dependency to nearly 51 percent. In the year-ago period, India’s LNG import dependency was at 46.5 percent. : psuwatch.com

India to lead oil demand growth at 3.2% in 2025, refining capacity expands: S&P

New Delhi : India to lead oil demand growth at 3.2% in 2025, refining capacity expands: S&P. : Economic Times

Oil edges up on China stimulus hopes, US inventory drop

New Delhi : Oil edges up on China stimulus hopes, US inventory drop. : Economic Times

BPCL, CIL may put Rs 12,000 crore into coal gasification JV

52c021a3416f1New Delhi : State-run energy majors, Bharat Petroleum Corp (BPCL) and Coal India (CIL), plan to jointly invest in a Rs 12,000-crore coal gasification project in the Chandrapur district of eastern Maharashtra, sources aware of the development told ET. : Economic Times

Green hydrogen goes from hyped to humbled on eye-popping costs

New Delhi : Green hydrogen goes from hyped to humbled on eye-popping costs. : Economic Times

Singapore fuel oil stocks rise to more than 8-year high

Singapore : The following table details Singapore’s onshore oil products inventory held by up to 14 major oil and oil storage companies as of Dec. 25, according to data released on Thursday by Enterprise Singapore. : Mint

China’s first batch of 2025 fuel export quota flat compared to a year ago

Singapore : China has issued 19 million metric tonnes of export quotas for gasoline, diesel and aviation fuel under the first batch of allowances for 2025, steady versus a year earlier, several traders and a Chinese industry consultancy said on Wednesday. : Business Standard

India initiates anti-dumping probe into LNG fuel tanks imports from China

New Delhi : India has initiated a probe into alleged dumping of LNG fuel tanks from China following a complaint by a domestic player, according to a commerce ministry notification. : psuwatch.com

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

New Delhi : The prices of petrol and diesel have increased by 0.11 paise in Odisha’s capital city Bhubaneswar in the last 24 hours. On December 26, 2024, petrol has been priced at Rs 101.11 per litre while diesel costs Rs 92.69 per litre. : kalingatv.com

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