30-Dec-2024

Power

NLC India hosts Historic Confluence of Visionaries meet

New Delhi : NLC India Limited was honored to host a remarkable meeting at the Corporate Office, Neyveli on 27.12.2024. : psuconnect.in

REC Ltd to provide financial assistance of Rs 14 crore for cancer treatment under CSR activity

New Delhi : The REC Foundation, the corporate social responsibility (CSR) arm of REC, has signed a Memorandum of Agreement (MoA) with the Sevarth Sansthan Seth Bimal Kumar Jain Trauma & Physiotherapy Dharmarth Samiti (SSB). : psuconnect.in

NTPC Vindhyachal and Khargone jointly created impressive mega pavilion

New Delhi : NTPC Vindhyachal and NTPC Khargone have jointly created an impressive mega pavilion at the 11th edition of the Bhopal Vigyan Mela, being held from December 27 to 30, 2024, at Jamburi Maidan, Bhopal. : psuconnect.in

NGT calls for safe disposal system of used solar panels, seeks centre’s response

New Delhi : NGT calls for safe disposal system of used solar panels, seeks centre’s response. : Economic Times

JSW Neo Energy to acquire 4.7 GW RE platform from O2 Power for ?12,468 crore

New Delhi : JSW Neo Energy to acquire 4.7 GW RE platform from O2 Power for ?12,468 crore. : Economic Times

NTPC, CCTE set to explore thorium-based N-energy

New Delhi : NTPC, CCTE set to explore thorium-based N-energy. : Economic Times

The India story: 25 years of country’s energy transition and challenges

New Delhi : India’s largest coal-fired power generator, NTPC, marked its golden jubilee last month with the listing of its renewable energy (RE) company, NTPC Green Energy, on the Indian stock exchanges. : Business Standard

India to boost power generation, transmission infra to attain power for all

New Delhi : India will set up more coal-fired and hydro-power plants and ramp up transmission infrastructure to achieve round-the-clock Power for All’ in 2025, besides meeting rising demand fueled by economic expansion. : Business Standard

JSW Energy acquires O2 Power

New Delhi : JSW Neo Energy, an arm of JSW Energy, has signed a definitive agreement to acquire a 4,696 MW renewable energy (RE) platform from O2 Power for around INR 12,468 crore ($1.47 billion). : pv-magazine.com

Gensol Engineering shares in focus on securing EPC contract from NTPC Renewable Energy

New Delhi : Gensol Engineering are likely to remain in focus today after the company announced that it has secured an EPC contract from NTPC Renewable Energy to develop a solar PV project with a bid value of Rs 897.47 crore. : marinelink.com

PM-KUSUM: Fadnavis Inaugurates Grew’s 2 MW Solar Project

New Delhi : PM-KUSUM: Fadnavis Inaugurates Grew’s 2 MW Solar Project. : saurenergy.com

Trichy’s first solar power plant inaugurated

New Delhi : Trichy’s first solar power plant inaugurated. : Economic Times

Govt asks imported coal-based power plants to run at full capacity till Feb 28

New Delhi : Govt asks imported coal-based power plants to run at full capacity till Feb 28. : Economic Times

India to boost power generation, transmission infra to achieve 24X7 power for all in 2025

New Delhi : India will set up more coal-fired and hydro-power plants and ramp up transmission infrastructure to achieve round-the-clock ‘Power for All’ in 2025, besides meeting rising demand fueled by economic expansion. : Mint

CCI conducts market study on renewable energy space across Brics nations

New Delhi : Fair trade watchdog CCI is conducting a market study to understand the competitions issues in the renewable energy space across BRICS nations. : Business Standard

India Records Highest-Ever Coal Production In The Year 2023-24

New Delhi : India has witnessed the highest ever coal production in 2023-24 year. The all-India coal production in the year 2023-24 was 997.826 Million Tonne (MT) in comparison to 893.191 Million Tonne in the year 2022-23 with a growth of about 11.71 percent. : globalgreenews.com

JSW Energy to buy O2 Power for ent value of Rs 12,468 crore

New Delhi : JSW Neo Energy, a wholly-owned subsidiary of JSW Energy, has announced the signing of a definitive agreement to acquire 4,696 MW renewable energy platform from O2 Power Pooling Pte. Ltd, a joint venture between EQT Infrastructure and Temasek. : New Indian Express

NTPC REL Starts Commercial Supply of 37.50 MW from Sadla Solar Project

New Delhi : Power major NTPC Limited has announced that its step-down subsidiary, NTPC Renewable Energy Ltd (NTPC REL), has commenced commercial operations for a 37.50 MW capacity, marking the first phase of its 200 MW Gujarat Solar PV Project located in Sadla, Gujarat. : indianmandarins

NTPC and US-based CCTE partnered to explore thorium-based nuclear energy solutions

New Delhi : India’s largest power generator, NTPC Limited, announced on Friday that it has signed a strategic agreement with US-based Clean Core Thorium Energy (CCTE) to explore developing and deploying advanced nuclear energy technologies, specifically focusing on enriched life (Aneel). : psuconnect.in

Delhi’s Power Purchase Adjustment Charges Slashed: Relief for Electricity Consumers

New Delhi : The reduction in Power Purchase Adjustment Charges (PPAC) in Delhi promises to bring much-needed relief to electricity consumers by significantly lowering their monthly bills, officials announced on Friday. : devdiscourse

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Oil and Gas

Budget: CII seeks excise duty cut in petrol, diesel, hike in minimum wages

New Delhi : The Confederation of Indian Industry (CII) has suggested excise duty cuts in petrol and diesel and a hike in key minimum wages in the upcoming Union budget to boost consumption amid high inflation. : Mint

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On December 29

New Delhi : Petrol, Diesel Prices Today On December 29, 2024: Oil marketing companies (OMCs) update petrol and diesel prices daily at 6 am, maintaining transparency and aligning domestic fuel rates with global crude oil market trends. : news18.com

Russia declares emergency after Black Sea oil spill: Key details

New Delhi : Russia declared a federal state of emergency on Friday, December 27, 2024, after an oil spill in the Black Sea after an oil tanker split catastrophically in the middle of a fierce winter storm. According to Russian Emergencies Ministry’s head, : India Today

Oil settles up over 1% on large draw from US crude stocks

New Delhi : Oil settles up over 1% on large draw from US crude stocks. : Economic Times

India’s increasing oil demand attracting global players: S&P Global Commodity Insights

New Delhi : India is ending 2024 with its oil demand growth rate surpassing neighbouring China’s, a trend expected to spill over to the next year, according to S&P Global Commodity Insights. India has become one of the fastest-growing fuel consumption centres. : Economic Times

Risks are ramping higher on Middle East crude flows, Rapidan says

New Delhi : Risks are ramping higher on Middle East crude flows, Rapidan says. : Economic Times

Reliance’s Jamnagar ‘super’ refinery completes 25 yrs of operations

New Delhi : Reliance’s Jamnagar ‘super’ refinery completes 25 yrs of operations. : Economic Times

Russia’s Gazprom says it will halt gas supplies to Moldova starting January 1

Moscow : Energy giant Gazprom said on Saturday it will halt gas supplies to Moldova starting on January 1, citing alleged unpaid debt by the European Union candidate country, which has brought in emergency measures as it braces for power cuts. : Mint

CII calls for fuel excise cut, consumption vouchers to boost demand

New Delhi : Industry body CII in its budget suggestions for 2025-26 has recommended lowering the excise duty on fuel to boost consumption, especially at the lower income level, arguing that fuel prices significantly drive inflation. : Business Standard

India Poised To Lead Oil Demand Growth In 2025, Outpacing China

New Delhi : India is closing 2024 with its oil demand growth rate outpacing that of neighbouring China, marking a significant shift in the global energy landscape. : swarajyamag.com