04-Jan-2024

Power

” New Delhi : Power Finance Corporation Ltd. (PFC), a Maharatna CPSE and the country’s leading NBFC in the power sector, signed an MoU with the Government of Gujarat (GoG) on January 3, 2024.” : Sarkaritel.com

” New Delhi : REC Limited, a Maharatna CPSE under the Ministry of Power, Govt. of India, signed a Memorandum of Understanding (MoU) with Bank of Baroda, one of India’s leading public sector banks today. This agreement will facilitate joint sanctions of loans to fund power, infrastructure and logistics projects in the country over the next three years.” : Sarkaritel.com

” New Delhi : A Power Purchase Agreement (PPA) was signed on 3rd January 2024 at Jaipur between Ratle Hydro Electric Power Corporation Limited (RHPCL) (a Joint venture company of NHPC Limited and JKSPDC) and Rajasthan Urja Vikas and IT Services Limited.” : Sarkaritel.com

Rail Vikas Nigam lines up Rs 35,000 cr from REC for big projects

New Delhi : REC has entered into an MoU with Rail Vikas Nigam Ltd (RVNL) to finance up to Rs. 35,000 crore worth infrastructure projects to be executed by RVNL over the next five years, according to an official statement on Wednesday. : Sarkaritel.com

PFC has signed an MoU with Govt. of Gujarat for various Power Projects worth Rs. 25,000 Crore

New Delhi : The MoU was signed by Smt. Parminder Chopra, CMD, PFC and Shri Jai Prakash Shivhare, IAS, MD (GUVNL) in the presence of Shri Bhupendra Patel, Hon’ble Chief Minister of Gujarat and other senior Govt. dignitaries and officials from PFC and GUVNL. Ministry of Power, Government of India. : newsmantra.in

PFC signs MoU for Rs 25,000cr loans to power projects in Gujarat

Gandhinagar : The Power Finance Corporation Ltd (PFC) signed an MoU with the government of Gujarat on Wednesday for providing comprehensive financial backing to the tune of Rs 25,000 crore for power generation, transmission, and distribution projects in the state. : daijiworld.com

PFC signs MoU with Gujarat for power projects worth Rs 25,000 crore

New Delhi : Power Finance Corporation Ltd (PFC), a Maharatna CPSE and the country’s leading NBFC in the power sector, signed an MoU with the Government of Gujarat (GoG) worth Rs 25,000 crore on January 3, 2024. : millenniumpost.in

PFC signs MoU with Gujarat govt for power projects worth Rs 25,000 crore

New Delhi : Power Finance Corporation (PFC) on Wednesday signed a Memorandum of Understanding (MoU) with the Gujarat government to provide comprehensive financial backing for the state’s generation, transmission, and distribution projects worth Rs 25,000 crore. : Business Standard

REC Limited inks MoU with Bank of Baroda to facilitate loans

New Delhi : REC Limited signed a Memorandum of Understanding with Bank of Baroda today to facilitate joint sanctions of loans. The loans will fund power, infrastructure, and logistics projects in the country over the next three years. : psuconnect.in

REC LIMITED & BANK OF BARODA SIGN MOU TO FINANCE POWER, INFRASTRUCTURE AND LOGISTICS PROJECTS

New Delhi : REC Limited, a Maharatna CPSE under the Ministry of Power, Govt. of India, signed a Memorandum of Understanding (MoU) with Bank of Baroda, one of India’s leading public sector banks today. : globalgreenews.com

Gensol Engineering bags Rs 139-cr solar power project from Sarda Energy

New Delhi : Gensol Engineering bags Rs 139-cr solar power project from Sarda Energy. : Economic Times

Karnataka CM holds meeting to discuss implementation of PM-KUSUM-C scheme

Bengaluru : Karnataka CM holds meeting to discuss implementation of PM-KUSUM-C scheme. : Economic Times

Kundan Green Energy to set up 18 MW hydro projects in Sikkim; commits Rs 200 crore

New Delhi : Kundan Green Energy to set up 18 MW hydro projects in Sikkim; commits Rs 200 crore. : Economic Times

Jakson Group installs 250-kW solar rooftop at Ayodhya airport

New Delhi : Jakson Group installs 250-kW solar rooftop at Ayodhya airport. : Economic Times

CCI clears PSPCL’s acquisition of GVK Power (Goindwal Sahib) Limited

New Delhi : CCI clears PSPCL’s acquisition of GVK Power (Goindwal Sahib) Limited. : Economic Times

REC, RVNL in MoU to finance multi-modal infra projects worth ?35,000 cr

New Delhi : Power sector financier REC Ltd has entered into an MoU with Rail Vikas Nigam Ltd (RVNL) to extend loans up to ?35,000 crore to finance multi-modal infrastructure projectsto be executed by RVNL over the next 5 years. : Mint

Uttar Pradesh to soon emerge as the Solar Energy Hub of India: UPNEDA

Lucknow : With close to 125 projects at an estimated outlay of Rs 1 lakh crore in pipeline in the field of clean energy, Uttar Pradesh is well in line to achieve Chief Minister Yogi Adityanath’s vision of meeting 40 per cent of the energy requirement of the State through solar and alternate sources. : psuconnect.in

BHEL participates in ‘Aatmanirbhar Bharat Utsav’

New Delhi : BHEL, under the aegis of the Ministry of Heavy Industries (MHI), is participating in the ‘Aatmanirbhar Bharat Utsav’ being organised at Bharat Mandapam, Pragati Maidan, New Delhi from 3rd to 10th January 2024. : psuconnect.in

Sterlite Power’s Orderbook strengthens with new orders worth INR 2,000 Crores in Q2 FY ’24

Mumbai : Sterlite Power, a leading power transmission developer and global products and services provider, has secured a substantial surge in orders for its Global Products and Services (GPS) business during Q2 FY’24. : Sarkaritel.com

Power Finance Signs MoU Worth Rs 25,000 Crore With Gujarat Government

New Delhi : Power Finance Corp. has signed a Memorandum of Understanding worth Rs 25,000 crore with the Gujarat government to provide “comprehensive” financial backing for generation, transmission and distribution projects. : NDTV Profit

PFC inks ?25,000-crore deal with Gujarat for power projects

New Delhi : State-owned Power Finance Corporation (PFC) Ltd on Wednesday (January 3) inked a memorandum of understanding (MoU) with the government of Gujarat. : cnbc.com

PFC signs accord with Gujarat Govt for power projects worth Rs 25,000 cr

New Delhi : The Power Finance Corporation (PFC) on Wednesday signed a Memorandum of Understanding (MoU) with the Government of Gujarat to provide comprehensive financial backing for the state’s generation, transmission, and distribution projects worth Rs 25,000 crore. : Economic Times

Empowering Growth: REC & Bank of Baroda’s Strategic Project Finance Pact

New Delhi : Empowering Growth: REC & Bank of Baroda’s Strategic Project Finance Pact. : newsip.in

REC, Bank of Baroda sign pact for joint sanction of loans

New Delhi : REC, Bank of Baroda sign pact for joint sanction of loans. : uniindia.com

REC, Bank of Baroda sign MoU to finance power, infra and logistics projects

New Delhi : REC Limited signed a memorandum of understanding (MoU) with Bank of Baroda on Wednesday. This agreement will facilitate joint sanctions of loans to fund power, infrastructure and logistics projects in the country over the next three years. : psuwatch.com

Bangladesh’s 2023 coal-fired power output tripled, easing shortages

Singapore : Bangladesh’s 2023 coal-fired power output tripled, easing shortages. : Economic Times

PM Modi launches Lakshadweep’s first on-grid solar project with battery storage

New Delhi : PM Modi launches Lakshadweep’s first on-grid solar project with battery storage. : Economic Times

Power sector sees AT&C losses drop to 15.41 per cent in 2022-23

New Delhi : Power sector sees AT&C losses drop to 15.41 per cent in 2022-23. : Economic Times

Portugal’s renewable energy production hit new record in 2023

New Delhi : Portugal’s renewable energy production hit new record in 2023. : Economic Times

Sterlite Power secures INR 2,000 crores in new orders

New Delhi : Sterlite Power secures INR 2,000 crores in new orders. : Economic Times

REC signs MoU with RVNL for financing infrastructure projects worth ?35,000 crore

New Delhi : REC signs MoU with RVNL for financing infrastructure projects worth ?35,000 crore. : Economic Times

IndiGrid secures major transmission projects, set to invest over Rs 1,000 crore

New Delhi : IndiGrid secures major transmission projects, set to invest over Rs 1,000 crore. : Economic Times

Torrent Power signs 4 MoUs with the Government of Gujarat to invest Rs 47,350 crores

New Delhi : Torrent Power Limited, the integrated power utility of the diversified Torrent Group, has signed four non-binding Memorandums of Understanding (MoUs) with the Government of Gujarat under the 10th edition of Vibrant Gujarat Global Summit. : Economic Times

PFC to provide Rs 25,000 cr to Gujarat govt for power projects

New Delhi : Power Finance Corporation Ltd (PFC), a Maharatna CPSE and the leading NBFC in the power sector, has signed an MoU with the government of Gujarat in Gandhinagar on Wednesday. : psuwatch.com

RK Singh to Grid India: Future growth in power sector will be disruptive; be ready for change

New Delhi : Addressing Grid India’s employees on the occasion of the 7th Grid-India Day, Minister for Power RK Singh said that the future growth in the power sector is bound to be disruptive and Grid India, as the backbone of the power sector, should be ready for tackling those changes. : psuwatch.com

PM Modi Launches Lakshadweep’s Revolutionary On-Grid Solar Project Developed by SECI

New Delhi : In a historic moment for the Union Territory of Lakshadweep, the Honourable Prime Minister of India, Shri Narendra Modi, inaugurated the region’s first on-grid solar project with a cutting-edge Battery Energy Storage System (BESS) today. : psuconnect.in

PFC signs Rs. 25,000 Cr MoU with Gujarat Govt for Power Projects

New Delhi : Power Finance Corporation Ltd. (PFC), a Maharatna CPSE and the country’s leading NBFC in the power sector, signed an MoU with the Government of Gujarat (GoG) on January 3, 2024. : psuconnect.in

Animesh Jain appointed as Regional ED for NTPC’s Coal Mining Division

Ranchi : Shri Animesh Jain has been elevated to the post of Regional Executive Director (Coal), NTPC Limited w.e.f January 1, 2024. As head of the Coal Mining Division of NTPC, he shall be responsible for all the coal mining projects in the States of Jharkhand, Odisha & Chhattisgarh and Coal Mining-HQ at Ranchi. : psuconnect.in

IREDA Rings in New Year 2024

New Delhi : On the occasion of New Year, Shri Pradip Kumar Das, CMD, IREDA, extended his best wishes to the employees and congratulated them for their contributions to IREDA’s remarkable achievements. : psuconnect.in

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Oil and Gas

” New Delhi : GAIL (India) Limited, the country’s leading natural gas company, and TruAlt Bioenergy Limited, the largest producer of ethanol in India, have signed a Term Sheet for GAIL’s equity participation in TruAlt’s joint venture company Leafinti Bioenergy Limited which owns and operates India’s second Compressed Bio Gas (CBG) plant.” : Sarkaritel.com

Venezuela offers oil to help ONGC Videsh recover $600 mn dues

New Delhi : Venezuela has agreed to give oil to ONGC Videsh to help the Indian public sector company recover its $600 million dues as dividend for the stake that it holds in an oilfield in the Latin American country, Petroleum Secretary Pankaj Jain said on Wednesday. : Sarkaritel.com

ONGC wins 7, Reliance-BP one oil, gas blocks in latest bid round

New Delhi : ONGC wins 7, Reliance-BP one oil, gas blocks in latest bid round. : Economic Times

Petronet to sign deal to extend Qatar LNG imports beyond 2028: Oil Secretary

New Delhi : India’s top gas importer Petronet LNG is likely to sign a deal this month to extend its long-term liquefied natural gas (LNG) imports from Qatar to beyond 2028, India’s Oil Secretary said on Wednesday. : cnbc.com

Venezuela to supply oil to OVL in Lieu of $600 million dividend

New Delhi : Venezuela to supply oil to OVL in Lieu of $600 million dividend. : Mint

OALP 8: ONGC wins seven, Reliance-BP, Sun Petro & Oil India win one block each

New Delhi : State-run Oil and Natural Gas Corporation (ONGC), Reliance Industries-BP consortium, Oil India, and Dilip Shanghvi’s Sun Petrochemicals Pvt. Ltd have won oil and gas exploration blocks in the eighth round of the Open Acreage Licensing Policy (OALP-VIII). : Economic Times

India’s Petronet to sign deal to extend Qatar LNG imports beyond 2028

New Delhi : India’s Petronet to sign deal to extend Qatar LNG imports beyond 2028. : Economic Times

India’s ONGC says oil an option to recoup $600 million from Venezuela dividend

New Delhi : India’s ONGC says oil an option to recoup $600 million from Venezuela dividend. : Economic Times

GAIL and TruAlt Bioenergy to invest USD 72 million in CBG Joint Venture

New Delhi : GAIL and TruAlt Bioenergy to invest USD 72 million in CBG Joint Venture. : Economic Times

Petronet to sign deal to extend Qatar LNG imports beyond 2028

New Delhi : India’s top gas importer Petronet LNG is likely to sign a deal this month to extend its long-term liquefied natural gas (LNG) imports from Qatar to beyond 2028, India’s Oil Secretary said on Wednesday. : Economic Times

Govt launches 9th round of oil, gas blocks for bidding, ONGC wins big

New Delhi : State-owned Oil and Natural Gas Corporation (ONGC) on Wednesday won seven of the 10 areas for exploration of oil and gas, while a consortium of Reliance Industries Ltd and BP Plc, Oil India Limited, and Sun Petrochemicals Pvt Ltd walked away with one each in the latest bid round. : Business Standard

ONGC wins 7, Reliance-BP one oil, gas blocks in latest bid round

New Delhi : State-owned Oil and Natural Gas Corporation (ONGC) won seven areas for exploration of oil and gas while a consortium of Reliance Industries Ltd and BP Plc walked away with one in the latest bid round. : psuwatch.com

Petroleum Ministry signs contracts for 10 blocks under OALP Bid Round-VIII

New Delhi : Ministry of Petroleum and Natural Gas (MoPNG) today signed contracts for 10 blocks awarded under Open Acreage Licensing Policy (OALP) Bid Round-VIII and 3 Coal Bed Methane (CBM) Blocks awarded under Special CBM Bid Round-SCBM 2022. : psuconnect.in

PNGRB, World Bank team up for study on hydrogen transmission in natural gas networks

New Delhi : PNGRB, World Bank team up for study on hydrogen transmission in natural gas networks. : Economic Times

Oil minister Puri denies fuel price reduction talks, says “focus on energy investment, not cuts”

New Delhi : Oil minister Puri denies fuel price reduction talks, says “focus on energy investment, not cuts”. : Economic Times

Indian Gas Exchange partners with S&P Global for benchmark integration in long duration contracts

New Delhi : Indian Gas Exchange partners with S&P Global for benchmark integration in long duration contracts. : Economic Times

LPG consumption hits 2.49 MMT in November 2023, registers 1% yearly growth

New Delhi : LPG consumption hits 2.49 MMT in November 2023, registers 1% yearly growth. : Economic Times

Russian oil cargoes head away from India amid payment issues

New Delhi : Russian oil cargoes head away from India amid payment issues. : Economic Times

Fuel price cut: Held no discussions with OMCs on petrol & diesel price cut, says Oil Minister Puri

New Delhi : Government-owned oil marketing companies (OMCs) have not been in talks with the Centre on possible fuel price cuts, Oil Minister Hardeep Singh Puri said on Wednesday. : Economic Times

Oil Minister rules out cut in fuel prices

New Delhi : Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Wednesday that there was no proposal to cut petrol and diesel prices at present as there was “high volatility” in global crude oil prices. : Sarkaritel.com

IGX to introduce long-duration contracts for gas, inks pact with S&P Global

Mumbai : The Indian Gas Exchange (IGX) has entered a data licensing agreement with S&P Global Commodity Insights to use S&P Global’s Platts benchmarks in IGX’s proposed Long-Duration Contracts (LDCs). : psuwatch.com

Indian Gas Exchange Inks Data Licensing Agreement with S&P Global Commodity Insights

Mumbai : The Indian Gas Exchange (IGX) has entered a data licensing agreement with S&P Global Commodity Insights to use S&P Global’s Platts benchmarks into IGX’s proposed Long-Duration Contracts (LDCs). : psuconnect.in

Petrol, Diesel Fresh Prices Announced For January 3: Check Fuel Rates In Your City

New Delhi : Petrol, and Diesel Prices on January 3: A mixed trend is visible in the prices of crude oil in the international market. At around 6 am on Wednesday morning, WTI crude was selling at $ 70.50 per barrel with a slight increase. : news18.com

India’s Russian oil imports drop on pricing, not due to payment woes

New Delhi : India’s Russian oil imports drop on pricing, not due to payment woes. : Economic Times

Adani Total Gas and Shigan partner to decarbonise supply chain

New Delhi : Adani Total Gas and Shigan partner to decarbonise supply chain. : Economic Times

India dials Saudi as Russian oil purchases hit 11-month low in December

New Delhi : India dials Saudi as Russian oil purchases hit 11-month low in December. : Economic Times

India’s oil demand growth expected to remain strong in FY24: Analysts

New Delhi : Oil demand in India is expected to remain positive this year despite worries over an industrial slowdown in China affecting related economies, and a cut in global crude production, experts said. : Business Standard

India has no problem in making payment for Russian oil: Hardeep Puri

New Delhi : There is no payment problem for Russian crude, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Wednesday. : Business Standard

No petrol, diesel price cut on the cards says Petroleum Minister Hardeep Singh Puri

New Delhi : No petrol, diesel price cut on the cards says Petroleum Minister Hardeep Singh Puri. : Financial Express