08-Feb-2024
Power
POWERGRID posts Profit After Tax (PAT) of ?4,028 crore and Total Income ?11,820crore for Q3FY24
New Delhi : Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Company under Ministry of Power, GoI, has announced unaudited financial results for Q3FY24 and nine months ended 31st December 2023. : Sarkaritel.com
Strengthening of Intra-state Power Transmission and Distribution Systems in North Eastern Region and Sikkim
New Delhi : The Union Minister for Power and New & Renewable Energy has informed that the Ministry of Power is implementing two projects for strengthening of intra-state transmission system as well as distribution system in North-Eastern States and Sikkim. : Sarkaritel.com
156 GW power capacity under construction, more than 469 GW electricity capacity comprising 322 GW expected to be added by 2031-2032
New Delhi : The Union Minister for Power and New & Renewable Energy has informed that the Indian power sector has come a long way in past decade transforming from a power deficit to a power sufficient country. : Sarkaritel.com
Power Grid Corporation Q3 results: Net profit rises 11% to Rs 4,028 crore
New Delhi : State-owned Power Grid Corporation on Wednesday posted a 10.5 per cent rise in consolidated net profit to Rs 4,028.25 crore in the December quarter, mainly on the back of higher revenues. : Zeebiz
Power Grid Corporation Q3 Results | Profit rises 11% to ?4,028 crore, declares dividend of ?4.50 per share
New Delhi : State-owned Power Grid Corporation of India Ltd on Wednesday (February 7) reported a 10.5% year-on-year (YoY) increase in net profit at ?4,028.3 crore for the third quarter that ended December 31, 2023. : Moneycontrol.com
CERC initiates pilot study on power market coupling
New Delhi : CERC initiates pilot study on power market coupling. : Economic Times
Habitat for Humanity India advances solar energy access in Pune schools with Tata Mumbai Marathon support
New Delhi : Habitat for Humanity India advances solar energy access in Pune schools with Tata Mumbai Marathon support. : Economic Times
Jindal Power offers $1.68 billion for distressed Indian coal-fired power plant, say sources
New Delhi : Jindal Power offers $1.68 billion for distressed Indian coal-fired power plant, say sources. : Economic Times
NLC India Q3 profit at Rs 254 cr
New Delhi : NLC India Q3 profit at Rs 254 cr. : Economic Times
India’s clean energy boom slows as new solar projects get delayed. Experts say it can pick back up
New Delhi : India’s clean energy boom slows as new solar projects get delayed. Experts say it can pick back up. : Economic Times
Punjab govt pays banks ?1,426 crore to complete takeover of GVK Power’s facility
New Delhi : The Punjab government has completed the payment of ?1,426 crore to banks led by IDBI to complete the takeover of the debt-laden 540-MW GVK Power’s Goindwal Sahib thermal power plant. : Economic Times
Rooftop solar charges up electric vehicle boom in India’s smaller cities
New Delhi : The push given to rooftop solar installation in the Interim Budget ties in with its high rate of adoption in Tier-II and -III cities of India. : Business Standard
NTPC to raise up to USD 750 mn through ECB route
New Delhi : State-owned NTPC Ltd is looking to raise up to USD 750 million (about Rs 6,222 crore) in debt from foreign investors. : psuwatch.com
‘IEW’ not just an event but reflection of ‘India with the world and for the world’: Prime Minister Modi
New Delhi : Prime Minister Shri Narendra Modi inaugurated the second edition of India Energy Week 2024 in Goa today. PM Modi emphasised India’s commitment to unprecedented levels of investment in the energy sector while addressing the gathering of global energy leaders. : psuconnect.in
PM Modi meets energy giants at India Energy Week
New Delhi : The Prime Minister, Shri Narendra Modi interacted with top energy sector CEOs at India Energy Week in Goa yesterday. : psuconnect.in
NTPC Vindhyachal Hosts 21st Northern Region Professional Circle Convention
New Delhi : NTPC Vindhyachal, India’s largest thermal power station, hosted the 21st Northern Region Professional Circle Convention in association with NRHQ. : psuconnect.in
Engineers India Limited (EIL): Engineering the Global Energy Landscape
New Delhi : The world is witnessing a paradigm shift in the global energy landscape and countries across the globe have been tuning their energy policies aligned with the contemporary energy demand to buttress their renewable energy portfolio. : Sarkaritel.com
Nearly 88,000 households of Particularly Vulnerable Tribal Groups to be provided electricity under PM JANMAN
New Delhi : The Union Minister for Power and New & Renewable Energy has informed that the Government of India has electrified the un-electrified villages and strengthened the sub-transmission and distribution network under the Deen Dayal Gram Jyoti Yojana. Under the scheme, total 18,374 villages were electrified of which a total of 2,763 villages were electrified through renewable resources. : Sarkaritel.com
Power Grid Q3 Results: Net profit jumps 10% YoY to Rs 4,028 crore; dividend declared at Rs 4.5/share
New Delhi : Power Grid on Wednesday reported 10% growth in its consolidated net profit at Rs 4,028 crore in the third quarter, compared with Rs 3,645 crore posted in the corresponding quarter of the previous year. : Economic Times
Energy storage segment attracts $9.2 bn funding via venture capital route in 2023
New Delhi : Energy storage segment attracts $9.2 bn funding via venture capital route in 2023. : Economic Times
India’s installed nuclear power capacity is set to increase from 7480 MW to 22800 MW by 2031-32: Govt
New Delhi : India’s installed nuclear power capacity is set to increase from 7480 MW to 22800 MW by 2031-32: Govt. : Economic Times
India Energy Week: ONGC, NGEL sign pact to develop offshore wind projects
New Delhi : India Energy Week: ONGC, NGEL sign pact to develop offshore wind projects. : Economic Times
NTPC, IOC ink pact for disaster response at Bongaigaon plants in Assam
New Delhi : NTPC, IOC ink pact for disaster response at Bongaigaon plants in Assam. : Economic Times
Inox Wind ties up with German firm for new series of wind turbine generators
New Delhi : Inox Wind ties up with German firm for new series of wind turbine generators. : Economic Times
Aether Industries to commission 15 MW solar power plant in Gujarat’s Bharuch
New Delhi : Aether Industries to commission 15 MW solar power plant in Gujarat’s Bharuch. : Economic Times
Servotech Power Systems in pact with Adani TotalEnergies for EV chargers supply
New Delhi : Servotech Power Systems in pact with Adani TotalEnergies for EV chargers supply. : Economic Times
India, Lanka joint panel meet to take grid connectivity further
New Delhi : India and Sri Lanka’s joint working committee on the power sector will likely meet this month to further discuss grid interconnectivity and renewable energy collaboration, the island country’s power and energy minister Kanchana Wijesekera told ET. : Economic Times
Rooftop solar programme to be gamechanger: SBI chairman at BS IML Conclave
New Delhi : The rooftop solar programme, announced by the finance minister in the interim Budget, can be a “gamechanger” and the State Bank of India (SBI) looks at it as an opportunity for its home loan business, the bank’s chairman Dinesh Khara said on Wednesday. : Business Standard
SJVN gets letter of intent from GUVNL for 200 MW solar project
New Delhi : SJVN Limited on Wednesday said it has received the Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for 200 MW solar power project in GUVNL Phase XXII. : psuwatch.com
Power Grid net profit rises 11% to Rs 4,028 crore in Q3
New Delhi : State-owned Power Grid Corporation on Wednesday posted a 10.5 percent rise in consolidated net profit to Rs 4,028.25 crore in the December quarter, mainly on the back of higher revenues. : psuwatch.com
NTPC Rihand Hosts Janjaatiye Utsav 2.0 Under its CSR
New Delhi : NTPC Rihand, Uttar Pradesh’s largest power plant, is hosting the Janjaatiye Utsav 2.0 under its Corporate Social Responsibility from February 6th to 8th. : psuconnect.in
SJVN gets Letter of Intent from GUVNL for 200 MW Solar Project
Shimla : Smt. Geeta Kapur, Chairman & Managing Director, SJVN informed that SJVN has received the Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for 200 MW Solar Power Project in GUVNL Phase XXII. : psuconnect.in
Oil and Gas
” Panaji : ONGC and NTPC Green Energy Limited (NGEL) signed a Joint Venture Agreement (JVA) to develop renewable energy projects focusing on offshore wind. This was signed on 7 February 2024 during India Energy Week held at Goa. The JVA was signed in the presence of Hon’ble Minister of Petroleum and Natural Gas and Minister of Housing and Urban Affairs Hardeep Singh Puri.” : Sarkaritel.com
” Panaji : Indraprastha Gas Limited (IGL) has signed Memorandum of Understanding (MOU) with two technology partners during India Energy Week 2024 to establish Compressed Biogas (CBG) plants across four states: Delhi, Haryana, Rajasthan, and Uttar Pradesh. Additionally, IGL has already empaneled two other partners for the same purpose.” : Sarkaritel.com
” New Delhi : India’s achievement of the target of increasing natural gas share in total energy mix to 15% by 2030 from 6% currently is dependent on affordable pricing and synchronisation of infrastructure in the supply chain, Akshay Kumar Singh, MD & CEO, of Petronet LNG said while speaking at the Leadership Panel on “Developing LNG markets and infrastructure” on the second day of the India Energy Week, 2024, in Goa.” : Sarkaritel.com
” New Delhi : IEW 2024 is a four-day mega event graced by energy ministers, dignitaries, and professionals from across the globe, showcasing India’s strategic importance as the fastest-growing economy.” : psuconnect.in
Oil India looking at return to Libya
New Delhi : Oil India looking at return to Libya. : Economic Times
Oil India mulls incorporating a subsidiary in GIFT City
New Delhi : State-run Oil India is looking at incorporating a subsidiary at the International Financial Services Centre (IFSC) in GIFT City, Gujarat, said two people with knowledge of the development. : Mint
ONGC Pavilion at India Energy Week 2024
Panaji : The ONGC Pavilion at India Energy Week 2024 takes center stage in India’s energy transformation. Displaying ONGC’s leading role in shaping the nation’s energy landscape, the Energy Maharatna unveils its digital exhibit, showcasing ONGC’s pivotal contribution to the future of energy in India. : Sarkaritel.com
Oil India Limited Pavilion at India Energy Week
New Delhi : Oil India Limited (OIL), a leading Maharatna Energy company, is pleased to announce its par?cipa?on in India Energy Week, 6-9 Feb 2024 at IPSEM, ONGC Goa. The event serves as a pla?orm for industry leaders, policymakers, and stakeholders to discuss the latest trends and advancements in the energy sector. : Sarkaritel.com
Access to Traditional Fuel and Predictable Trajectory to Cleaner Fuel is Needed for Orderly Energy Transition: Petroleum Minister Hardeep S Puri
New Delhi : Union Minister of Petroleum & Natural Gas and Housing & Urban Affairs, Hardeep Singh Puri said that India’s recent reforms in the sector including diversification of sources of imports, and changes in gas pricing mechanism had ensured that prices of Petrol and Diesel in India declined while the global prices were shooting up. : Sarkaritel.com
Seros Energy pioneers environmental responsibility and innovation in India’s CBM exploration
New Delhi : Seros Energy Private Limited, an innovator in Coal Based Methane (CBM) exploration, participated in India Energy Week, presenting its cutting-edge initiatives and advancements in the field. : Sarkaritel.com
ONGC & NGEL sign Joint Venture agreement for renewable energy
New Delhi : As India stresses upon advancing renewable energy initiatives, state-owned Oil and Natural Gas Corporation (ONGC) and NTPC Green Energy Limited (NGEL) have formally entered into a Joint Venture Agreement (JVA) with a special focus on offshore wind projects, during the second of the ongoing India Energy Week held on Wednesday. : millenniumpost.in
ONGC inks JV pact with NTPC to set up offshore wind energy projects
New Delhi : India’s top oil producer ONGC and the nation’s biggest power firm NTPC on Wednesday signed a joint venture agreement to set up offshore wind energy projects as the two firms look to boost collaboration in renewable energy. : Business Standard
ONGC inks JV pact with NTPC for renewable energy
New Delhi : India’s top oil producer ONGC and the nation’s biggest power firm NTPC on Wednesday signed a joint venture agreement to set up offshore wind energy projects as the two firms look to boost collaboration in renewable energy. : Economic Times
ONGC pavilion at IEW 24 unveils visionary pursuits in India’s energy transition
New Delhi : The ONGC pavilion at the ongoing second edition of India Energy Week’24 stands out as a testament to the state-owned Oil and Natural Gas Corporation’s dedication to meeting India’s growing energy demands. : millenniumpost.in
HPCL pavilion highlights India Energy Week 2024 as a catalyst for sustainable innovation
New Delhi : Hindustan Petroleum Corporation Limited (HPCL) proudly unveils its dynamic showcase at India Energy Week 2024, commemorating the Golden Jubilee of Panchatattvon Ka Maharatna. : theprint.in
ISPRL plans to lease out Mangalore oil cavern; draws foreign interest
New Delhi : ISPRL plans to lease out Mangalore oil cavern; draws foreign interest. : Economic Times
No immediate fuel price cut, OMCs need time to recover: Hardeep Singh Puri
New Delhi : No immediate fuel price cut, OMCs need time to recover: Hardeep Singh Puri. : Economic Times
Essar unveils blueprint for green economy at India Energy Week
New Delhi : Essar unveils blueprint for green economy at India Energy Week. : Economic Times
IEW fostering collaboration for a sustainable energy future: ONGC Chairman
New Delhi : IEW fostering collaboration for a sustainable energy future: ONGC Chairman. : Economic Times
ITFC signs deal to fund $2.1 bln of Bangladesh oil, gas imports
New Delhi : ITFC signs deal to fund $2.1 bln of Bangladesh oil, gas imports. : Economic Times
IGL signs MoUs to set up 19 CBG plants across four states
New Delhi : IGL signs MoUs to set up 19 CBG plants across four states. : Economic Times
India for predictable trajectory to cleaner fuel for orderly energy transition
New Delhi : India for predictable trajectory to cleaner fuel for orderly energy transition. : Economic Times
Saudi Aramco in investment discussions with Indian companies: exec
New Delhi : Saudi Aramco in investment discussions with Indian companies: exec. : Economic Times
Indraprastha Gas Ltd plans to set up 19 compressed biogas plants
New Delhi : Indraprastha Gas Ltd (IGL) plans to set up 19 plants to produce compressed biogas (CBG) that would feed into its city gas distribution network, the company said in a statement. : Economic Times
India’s diesel demand to rise rapidly in 6 years: IEA
New Delhi : India’s diesel demand will rise rapidly in the next six years while petrol sales will only marginally grow as increased adoption of EVs, biofuels and fuel efficiency measures disproportionately weigh on petrol demand, the International Energy Agency (IEA) has said. : Economic Times
Petrol, diesel prices remain unchanged for 627th day in Chennai
Chennai : In Chennai, the price of a litre of petrol and diesel has been constant over the last 626 days at Rs.102.63 and Rs. 94.24 respectively. : dtnext.in
$14 trillion investment needed by 2045 to meet global energy demands: Opec
New Delhi : Haitham al-Ghais, the secretary general of the Organisation of Petroleum Exporting Countries (Opec), highlighted the need for a substantial investment of $14 trillion by 2045 to meet the escalating energy demand worldwide, according to a report by the Financial Express. : Business Standard
Gas to biofuels: India’s demand sets agenda for global energy business
New Delhi : When Prime Minister Narendra Modi said India will increase its share of natural gas in the primary energy mix to 15 per cent from 6 per cent, it caught attention at the India Energy Week (IEW) conference in Goa on Tuesday. : Business Standard
Exclusive: ONGC, OIL to use depleted oil fields for carbon sequestration, gas storage
New Delhi : As part of a larger initiative to diversify its operations, decarbonise and move towards energy transition, Oil & Natural Gas Corporation (ONGC) and Oil India Limited (OIL) are considering using their depleted oil fields for carbon sequestration and natural gas storage. : psuwatch.com
IEW 2024: India, Guyana, Qatar, OPEC say world needs orderly energy transition & fossil fuels
New Delhi : India, the country to soon overtake China in terms of its appetite for oil, Guyana, the world’s youngest oil producer, Qatar, the country which is betting big on gas. : psuwatch.com
ndian Oil Chairman, met Kanchana Wijesekera, Minister of Power & Energy, Sri Lanka
New Delhi : Mr S M Vaidya, Chairman of Indian Oil Corporation Limited, met Kanchana Wijesekera, Minister of Power & Energy, Sri Lanka, at the sidelines of India Energy Week 2024. : psuconnect.in
HPCL Pavilion: A Beacon of Innovation at India Energy Week 2024
New Delhi : Hindustan Petroleum Corporation Limited (HPCL) is proud to announce the unveiling of its dynamic showcase at India Energy Week 2024, in celebration of the Golden Jubilee of Panchatattvon Ka Maharatna. : Sarkaritel.com
Government working on policy mechanism to promote use of Green Hydrogen for providing Round-the-clock Renewable Energy
New Delhi : In furtherance of the Government’s thrust towards promoting increased adoption of renewable energy and use of green hydrogen as envisaged in the National Green Hydrogen Mission, the Ministry of New and Renewable Energy is working on the modalities for promoting the use of green hydrogen in supporting round-the-clock electricity. : Sarkaritel.com
India will become largest source of global oil demand growth between now and 2030: IEA
New Delhi : India will become the largest source of global oil demand growth between now and 2030, while growth in developed economies and China initially slows and then subsequently goes into reverse in our outlook, a latest report ‘Indian Oil Market Outlook to 2030’ released at the second edition of India Energy Week 2024 in Goa by International Energy Agency (IEA) said today. : Sarkaritel.com
India poised to lead global oil demand growth: IEA
New Delhi : India will become the largest source of growth for global oil demand between now and 2030, while growth in developed economies and China initially slows and then subsequently goes into reverse, according to the latest report of the International Energy Agency (IEA). : Sarkaritel.com
ONGC in Joint Venture Agreement with NTPC Green for Renewable Energy
Panaji : ONGC and NTPC Green Energy Limited (NGEL) signed a Joint Venture Agreement (JVA) to develop renewable energy projects focusing on offshore wind. This was signed on 7 February 2024 during India Energy Week held at Goa. The JVA was signed in the presence of Hon’ble Minister of Petroleum and Natural Gas and Minister of Housing and Urban Affairs Hardeep Singh Puri. : psuconnect.in
ONGC, NTPC in JV for renewable energy
New Delhi : India’s top oil producer ONGC and the nation’s biggest power firm NTPC on Wednesday signed a joint venture agreement to set up offshore wind energy projects as the two firms look to boost collaboration in renewable energy. : dtnext.in
ONGC signs agreement with NTPC Green for renewable energy projects
New Delhi : Oil and Natural Gas Corporation (ONGC) Limited and NTPC Green Energy Limited (NGEL) have signed a joint venture agreement (JVA) to develop renewable energy projects focusing on offshore wind. This has been signed on Wednesday during India Energy Week 2024 held at Goa. : psuwatch.com
ONGC, NTPC Green Energy Limited sign Joint Venture Agreement to focus on offshore wind energy projects
New Delhi : ONGC and NTPC Green Energy Limited (NGEL) have signed a Joint Venture Agreement (JVA) to focus on offshore wind energy projects. The agreement signed at India Energy Week in Goa on Wednesday, was witnessed by Minister of Petroleum and Natural Gas and Minister of Housing and Urban Affairs Hardeep Singh Puri. : newsonair.com
ONGC pavilion shines as the epitome of energy innovation at India Energy Week 2024
New Delhi : The ONGC Pavilion at India Energy Week 2024 emerged as a focal point in India’s energy transformation, spotlighting ONGC’s pivotal role in shaping the nation’s energy landscape. : theprint.in
OPEC Secretary General says global energy demand to soar 23% by 2045, requires $14tn investment
New Delhi : OPEC Secretary General says global energy demand to soar 23% by 2045, requires $14tn investment. : Economic Times
ONGC, TotalEnergies ink pact to deploy methane emissions detection technology
New Delhi : ONGC, TotalEnergies ink pact to deploy methane emissions detection technology. : Economic Times
Oil cos losing close to Rs 3 a litre on diesel, profit on petrol down
New Delhi : Oil cos losing close to Rs 3 a litre on diesel, profit on petrol down. : Economic Times
India to lead global oil demand growth, surpassing China with 1.2 mb/d increase by 2027: IEA Report
New Delhi : India to lead global oil demand growth, surpassing China with 1.2 mb/d increase by 2027: IEA Report. : Economic Times
India Energy Week: Diversification, reforms in gas pricing keep India’s fuel prices affordable, says Hardeep Singh Puri
New Delhi : India Energy Week: Diversification, reforms in gas pricing keep India’s fuel prices affordable, says Hardeep Singh Puri. : Economic Times
Petrobras in talks for projects with Gulf, Indian, Chinese firms, CEO says
New Delhi : Petrobras in talks for projects with Gulf, Indian, Chinese firms, CEO says. : Economic Times
HPCL launches “Panchtattva” retail outlet in Goa
New Delhi : HPCL launches “Panchtattva” retail outlet in Goa. : Economic Times
Oil cos losing close to Rs 3 a litre on diesel, profit on petrol down
New Delhi : Oil cos losing close to Rs 3 a litre on diesel, profit on petrol down. : Economic Times
India for predictable trajectory to cleaner fuel for orderly energy transition
New Delhi : India on Wednesday made a pitch for drafting a predictable trajectory to cleaner fuel for an orderly energy transition, saying a balanced and realistic dialogue is needed and not vilification of fossil fuel. : Economic Times
India to outpace China in oil demand growth by 2027: IEA
New Delhi : India is set to become the leading driver of global oil demand, surpassing China by 2027, according to a report by the International Energy Agency. : Mint
Petrol and diesel prices today stable in Hyderabad, Delhi, Chennai and Mumbai on 07 February, 2024
New Delhi : Petrol and diesel prices today, 07 February, 2024: Petrol and diesel prices today remained stable. Going by the fuel prices at major cities in the country today, the petrol price in Delhi is at Rs. 96.72 per litre and the diesel price at Rs. 89.62. : thehansindia.com
Oil trades higher for third straight day on large US fuel stock draws; Brent at $79/bbl
New Delhi : Oil prices rose for a third day on Wednesday, February 7, after US gasoline and distillate stocks fell more than expected, painting a healthy demand picture a day after the US government cut its estimates for output growth. : Mint
India to invest $67 bn in 5-6 years for developing gas sector: PM Modi
New Delhi : India will invest $67 billion in the gas sector over the next 5-6 years as part of an “unprecedented amount” of funds being put in to develop energy infrastructure, said Prime Minister Narendra Modi on Tuesday. : Business Standard
India will be world’s biggest oil demand growth driver through 2030: IEA
New Delhi : In the next seven years, India is poised to become the primary source of global oil demand growth, even as its domestic production is projected to decrease by 22 per cent, according to the latest projections by the International Energy Agency (IEA). : Business Standard
2030: India’s oil demand will grow strongly but its oil production will decline, says IEA
New Delhi : India will see a continued growth in oil demand, assuming the position of the world’s largest source of global oil demand growth, between now and 2030, however, its domestic oil production is poised to decline despite investments, says a new report launched by the International Energy Agency (IEA) at India Energy Week (IEW) 2024 in Quitol, Goa. : psuwatch.com
‘IEW’ not just an event but reflection of ‘India with the world and for the world’: Prime Minister Modi
New Delhi : Prime Minister Shri Narendra Modi inaugurated the second edition of India Energy Week 2024 in Goa today. PM Modi emphasised India’s commitment to unprecedented levels of investment in the energy sector while addressing the gathering of global energy leaders. : psuconnect.in
PM Modi meets energy giants at India Energy Week
New Delhi : The Prime Minister, Shri Narendra Modi interacted with top energy sector CEOs at India Energy Week in Goa yesterday. : psuconnect.in
Govt working on policy mechanism to promote use of Green Hydrogen
New Delhi : In furtherance of the Government’s thrust towards promoting increased adoption of renewable energy and use of green hydrogen as envisaged in the National Green Hydrogen Mission, the Ministry of New and Renewable Energy is working on the modalities for promoting the use of green hydrogen in supporting round-the-clock electricity. : psuconnect.in
