01-Jan-2024
Power
SJVN commissions 75 MW Gurhah Solar Power Plant in UP
New Delhi : SJVN Limited on Saturday announced that its 75 MW Gurhah Solar Power Plant located in district Jalaun, Uttar Pradesh has achieved commercial operation. With Commissioning of this project installed capacity of SJVN now stands at 2227 MW. : psuwatch.com
Coal India organises workshop on Digital Landscape
New Delhi : Coal India organised a workshop in hybrid mode on the topic “Navigating the Digital Landscape: Emerging Trends and Challenges” at its corporate office in Kolkata. : psuconnect.in
India’s coal production surges to 893.19 MT in FY23: Coal ministry
New Delhi : India’s coal production surges to 893.19 MT in FY23: Coal ministry. : Economic Times
Power Mech Projects bags orders worth Rs 2,192.41 cr
New Delhi : Power Mech Projects bags orders worth Rs 2,192.41 cr. : Economic Times
SJVN secures Rs 10,000 cr construction finance facility from banks
New Delhi : SJVN secures Rs 10,000 cr construction finance facility from banks. : Economic Times
GI hydropower raised Rs975-crore debt via issuing bonds
New Delhi : The GI hydro power plant located in sikkim, is formerly known as the Gati Infrastructure private limited project. The 110 MW Hydroelectric power plant was commissioned in May 2013, and is India’s first IPP [Independent Power Project] for hydroelectric power in the private sector. : psuconnect.in
GoAP signs MoA with THDCIL to develop 1,200 MW HEP in Lohit
New Delhi : A memorandum of agreement (MoA) was signed between the government of Arunachal Pradesh and central PSU Tehri Hydropower Development Corporation India Ltd (THDCIL) for developing a 1,200 MW hydroelectric project (HEP) at Kalai-II in the Lohit river basin. : arunachaltimes.in
Trust investment-led investors put ?975 cr in GI hydro bonds
Mumbai : GI Hydro, a hydro power generating company formerly known as Gati Infrastructure, has raised ?975-crore debt by issuing bonds to investors including alternate investment fund Trust Investment Advisors and global asset manager Allianz Global Investors, people aware of the matter said. : Economic Times
Arunachal Pradesh signs MoA with THDCIL for 1200 MW Kalai-II hydroelectric project
Guwahati : The Government of Arunachal Pradesh signed a Memorandum of Agreement (MoA) with Tehri Hydropower Development Corporation India Ltd (THDCIL), a central PSU, for developing the 1200 MW Kalai-II hydroelectric project in the Lohit river basin. : Economic Times
Solar manufacturer Waaree Energies files DRHP for Rs 3,000 cr IPO
New Delhi : Mumbai-based Waaree Energies filed its Draft Red Herring Prospectus (DRHP) with the Securities Exchange Board of India (Sebi) on Friday. It is currently one of the largest solar module manufacturers. : Business Standard
THDC to develop 1,200 MW hydropower project in Lohit basin in Arunachal
New Delhi : The Arunachal Pradesh Government on Saturday signed an agreement with the Tehri Hydropower Development Corporation India Ltd (THDCIL) for developing the 1,200-mw Kalai-II hydroelectric project in the Lohit river basin at a cost of Rs 13,000 crore. : psuwatch.com
SJVN commissions 75 MW Gurhah Solar Power Plant in UP
Shimla : Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN announced that its 75 MW Gurhah Solar Power Plant located in district Jalaun, Uttar Pradesh has achieved commercial operation. With Commissioning of this project installed capacity of SJVN now stands at 2227 MW. : psuconnect.in
BSES envisages to install over 1000 solar rooftops in next fiscal year
New Delhi : The incredible response towards the utilisation of renewable sources has encouraged the entity to proceed for further installations. : psuconnect.in
Oil and Gas
Drop in global prices a relief for oil import-dependent Indian economy
New Delhi : The decline in global oil prices, despite the geopolitical uncertainty in West Asia, has come as a major shot in the arm for the Indian economy as the country imports over 85 per cent of its crude oil requirement. : Sarkaritel.com
India’s LNG imports set for robust growth in 2024 amid favourable market conditions
New Delhi : India is anticipated to experience a notable upswing in liquefied natural gas (LNG) imports in 2024, with projections suggesting a substantial 7 per cent-8 per cent year-on-year increase. : Economic Times
Oil reports biggest annual drop since 2020, declines 10% in 2023 on demand-supply concerns; Brent sits at $77/bbl
New Delhi : Crude futures lost over 10 per cent in 2023 in a volatile year of trading and reported their biggest annual drop since 2020, marked by geopolitical conflict in the Middle East and concerns about the oil output levels of major producers around the world. : Mint
Govt to audit rising spot purchase of crude, House panel flags costly buys
New Delhi : A major increase in the percentage of spot tenders being issued for crude oil purchase by oil marketing companies (OMCs) in the last few years has led the Parliamentary Standing Committee on Petroleum to caution against the practice and ask oil public sector undertakings (PSUs) to better plan their crude purchases. : Business Standard
Oil industry in 2024: Varied outcomes expected across value chain
New Delhi : Come 2024, India’s oil requirements are expected to continue to witness a healthy rise. Depending on which part of the value chain a company is, the year could prove a mixed bag. Offshore rig operators, for instance, are expected to command higher rentals owing to a mismatch in supply and demand. : Business Standard
PNGRB, World Bank studying pathways for transmission of Hydrogen via gas pipelines
New Delhi : The Petroleum and Natural Gas Regulatory Board (PNGRB) has joined hands with the World Bank and initiated a study to develop pathways for transmission of Hydrogen in natural gas pipelines both on its own and as Hydrogen blended with Compressed Natural Gas (CNG). : psuwatch.com
OMCs hike ethanol procurement price by Rs 6.87/litre to boost green fuel production, aim at E20 target by 2025
New Delhi : OMCs hike ethanol procurement price by Rs 6.87/litre to boost green fuel production, aim at E20 target by 2025. : Economic Times
Torrent Power incorporates wholly-owned subsidiary Torrent Green Hydrogen
New Delhi : Torrent Power incorporates wholly-owned subsidiary Torrent Green Hydrogen. : Economic Times
LPG subsidy down to ?823 crore, Ujjwala Yojana boosted to ?6,110 crore in policy shift
New Delhi : LPG subsidy down to ?823 crore, Ujjwala Yojana boosted to ?6,110 crore in policy shift. : Economic Times
Import more crude grades to cut basket price: Parliamentary panel
New Delhi : The Parliamentary Standing Committee on Petroleum has flagged the need for importing a wider range of crude oil grades with the objective of reducing the cost of the Indian crude basket. : Business Standard
CRISIL analysis: Oil, gas use to see 10-15% rise in FY24 amid sector growth
New Delhi : Expansion of city gas distribution (CGD), increased activity in refineries and petrochemicals sector, and higher power generation amid moderating gas prices will support a broad-based increase in consumption of natural gas in India through the next financial year. : Business Standard
Petrol, Diesel Prices Announced For December 31: Check Latest Fuel Rates In Your City
New Delhi : Petrol and Diesel Prices on December 31: Even as Brent crude oil prices slipped on Friday, petrol and diesel prices in India remained constant. In the country, petrol prices in India vary across states and range between Rs 96 and Rs 106, while diesel remains in the range of Rs 84-Rs 94. : news18.com
Petrol pumps in state to remain shut from tonight
Kochi : Petrol pumps in the state will remain closed from 8 pm on Sunday to 6 am on Monday in protest against frequent attacks on fuel station employees by customers who arrive at the outlets for filling fuel. : New Indian Express
