” New Delhi : President of India, DroupadiMurmu virtually dedicated transmission system builtfor evacuation of 8.9 GW of solar power in Bhadla, Fatehgarh and Bikaner regions of Rajasthan at a function held at Raj Bhavan in Jaipur on 3rdJanuary, 2023.” :
Sarkaritel.com
” New Delhi : NTPC Green Energy Ltd (NGEL) signed a Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation Ltd (HPCL) on 03-01-2023 in New Delhi for Development of Renewable Energy based Power Projects to tap Business opportunities in RE and supply of 400 MW round the clock renewable power for requirements of HPCL.” :
Sarkaritel.com
Coal India Ltd & Unions ink MoU Recommending Minimum Guaranteed Benefit to Employees
New Delhi : Breaking the stalemate on wage negotiations Coal India Limited (CIL) and the four central trade unions BMS, HMS, AITUC and CITU, on 3rd January 2023 have inked a Memorandum of Understanding (MoU) recommending 19% Minimum Guaranteed Benefit (MGB) to its 2.38 lakh non-executive employees as part of the ongoing National Coal Wage Agreement –XI (NCWA-XI). : Sarkaritel.com
NTPC Green Energy, HPCL partner to develop renewable energy based power projects
New Delhi : NTPC Green Energy Ltd (NGEL) has signed an agreement with Hindustan Petroleum Corporation Ltd (HPCL) for the development of renewable energy-based power projects. Under the agreement, NTPC said its renewable energy arm — NGEL — will also supply 400 MW round-the-clock to HPCL. : Economic Times
ADB, India sign USD 220 million loan to strengthen power sector in Tripura
New Delhi : The Asian Development Bank (ADB) and the government of India have signed a USD 220-million loan agreement to improve energy security, quality of supply, efficiency, and resilience of power sector in Tripura. : Economic Times
CERC to compensate imported coal based power plants for high operating cost
New Delhi : The Central Electricity Regulatory Commission (CERC) has decided to compensate imported coal based (ICB) power plants to for supplying electricity at higher cost under forced circumstances. : Mint
Delhi govt okays appointment of Justice(retd) Rajeev Shrivastava as new DERC chairman
New Delhi : Retired High Court judge Rajeev Shrivastva has been appointed as new chairman of the Delhi Electricity Regulatory Commission (DERC). Chief Minister Arvind Kejriwal, in a tweet, extended his best wishes to Justice (retired) Shrivastava for a successful tenure as the DERC chairman. : Economic Times
NTPC considering 50% green hydrogen blending at gas-power units: Officials
New Delhi : The country’s largest power generator, NTPC, is considering blending green hydrogen at its gas-based power generation units, for up to 50 per cent of the total fuel requirement, Business Standard has learnt. : Business Standard
ArcVera Renewables launches recruitment drive for key market segments
New Delhi : ArcVera Renewables, a global provider of consulting and technical services for wind, solar and energy storage projects, announced it has revised its strategic growth objectives upwards as market demand in key renewables project segments rapidly expands. : Economic Times
CyanConnode to deploy communication infra for 9.83 lakh smart electricity meters in Madhya Pradesh
New Delhi : CyanConnode India, that provides narrowband radio frequency (RF) mesh networks, announced it has received an order for 9.83 Lakh Omnimesh Modules. : Economic Times
Centre approves Rs 2,614 cr investment for Sunni Dam hydro power project
New Delhi : The government on Wednesday approved Rs 2,614.51 crore investment for the 382 MW Sunni Dam Hydro Electric Project by state-owned SJVN Ltd in Himachal Pradesh. : Economic Times
Madhya Pradesh becomes a surplus state in power sector
Bhopal : Madhya Pradesh has emerged as a surplus state in the power sector. According to a release by the state government, Madhya Pradesh has become fully self-sufficient in the field of electricity. Currently, the available power capacity of the state is 22,730 megawatt. : Economic Times
Norway’s Climate Investment Fund invests Rs 900 million in Karnataka’s transmission project
New Delhi : The new Norwegian Climate Investment Fund, managed by Norfund, together with KLP, Norway’s largest pension company, made the first investment of Rs 900 million in an Indian transmission project in Karanataka on Tuesday being developed by ReNew Power. : Economic Times
PSUs to be roped in to build nuclear power plants: Jitendra Singh
Nagpur : India is all set to rope in its public sector behemoths for building nuclear power plants as it aims to achieve its goal of net zero emissions by 2070, Union Science and Technology Minister Jitendra Singh said here on Tuesday. : Economic Times
Energy transition strategies in India, China: Contest for hegemony on Brahmaputra, says Report
New Delhi : The interlinkages between the energy transition and the contest for political power are particularly visible in South Asia, especially between India and China, according to European Foundation for South Asian Studies (EFSAS). : Economic Times
Indian banks go big on financing renewable energy projects
New Delhi : Indian banks are warming up to financing renewable energy projects in line with the government’s vision to become more climate sensitive. : Economic Times
Meghalaya CM Conrad K Sangma inaugurates 22.5 MW Ganol Hydro Power Project
New Delhi : Meghalaya Chief Minister Conrad K. Sangma inaugurated the long awaited 22.5 MW Ganol Hydro Power Project, near Tura in West Garo Hills. : Economic Times
Indian power plants should be compensated for importing coal: CERC
Bengaluru : Indian power plants that rely on imported coal should be fully compensated for supplying electricity demand under forced circumstances, the country’s power regulator said on Tuesday. : Business Standard
China Starts Construction Of 16 GW Solar-Wind-Coal Power Complex
New Delhi : China Starts Construction Of 16 GW Solar-Wind-Coal Power Complex. : saurenergy.com
Hitachi Energy To Build Electrical System For 1.4GW Offshore Wind Project of Equinor
New Delhi : Hitachi Energy To Build Electrical System For 1.4GW Offshore Wind Project of Equinor. : saurenergy.com
Investment approval for 382 MW Sunni Dam Hydro Electric Project in Himachal Pradesh by SJVN
New Delhi : The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the investment for 382 MW Sunni Dam Hydro Electric Project in Himachal Pradesh by SJVN Limited, for an estimated cost of Rs. 2614.51 crore including Rs. 13.80 crore as budgetary support from Government of India for cost of enabling infrastructure. : Sarkaritel.com
Statiq wins Rajasthan state agency deal to supply 253 chargers for 4 highway projects
New Delhi : Statiq, a leading electric vehicle (EV) charging network, has recently bagged a Rajasthan Electronics & Instruments Ltd. (REIL) contract to supply 253 fast chargers for 4 key highway projects connecting Agra-Lucknow, Meerut-Gangotri, Chennai-Bellary, and Mangaldai-Wakro. : Economic Times
India missed 175 GW renewable energy capacity target by 30 per cent: Bridge to India
New Delhi : India’s renewable capacity, exclusing large hydro, is expected to have touched 122 GW by December 2022 against the Government of India’s target of 175 GW – a deficit of 30 per cent, consultancy firm Bridge to India said. : Economic Times
Noida to get three new power substations by 2024
Noida : Given the growing population and rising demand during peak summers, the Uttar Pradesh Power Transmission Corporation Limited (UPPTCL) is working on constructing three new substations for Noida which are expected to come up by 2023 and 2024. : Economic Times
Orient Green Power board approves expansion plan in green energy sector
New Delhi : Orient Green Power Company, a Shriram Group Company, is considering to expansion of its business into the green energy sector as it aims to maximize existing assets. : Economic Times
Indian power plants should be compensated for importing coal: regulator
New Delhi : Indian power plants that rely on imported coal should be fully compensated when forced to supply electricity, the country’s power regulator said on Tuesday, paving the way for companies to recover losses resulting from a government order last year. : Economic Times
APDCL seeks hike in power tariff to raise ₹10,000 crore
Guwahati : The Assam Power Distribution Company Limited (APDCL) has petitioned the Assam Electricity Regulatory Commission (AERC) for a hike of Rs 1.25 per unit and the fixed charge by Rs 15 in power tariff with effect from April 1 for the period 2023-24 to meet its requirement of around Rs 10,000 crore, which would hit hard households that form around 93% of the company’s consumer base. : Economic Times
CERC Allows Renewable Generator to Receive RECs Despite Compliance Delays
New Delhi : CERC Allows Renewable Generator to Receive RECs Despite Compliance Delays. : mercomindia.com
FDI Inflows into India’s Renewable Sector Fell by 51% QoQ in Q2 FY 2023
New Delhi : FDI Inflows into India’s Renewable Sector Fell by 51% QoQ in Q2 FY 2023. : mercomindia.com
Government to Raise ₹160 Billion via Green Bonds in the Current Fiscal Year
New Delhi : Government to Raise ₹160 Billion via Green Bonds in the Current Fiscal Year. : mercomindia.com
Researchers Find a Way to Commercialize Next-Generation Lithium Batteries
New Delhi : Researchers Find a Way to Commercialize Next-Generation Lithium Batteries. : mercomindia.com
Project Finance Brief: MYTILINEOS Raises $159 Million for Solar Projects
New Delhi : Project Finance Brief: MYTILINEOS Raises $159 Million for Solar Projects. : mercomindia.com
H2Carrier, Anori to Develop ‘Wind Energy to Green Ammonia’ Project in Greenland
New Delhi : H2Carrier, Anori to Develop ‘Wind Energy to Green Ammonia’ Project in Greenland. : saurenergy.com
Doorstep delivery of bills in Braille for visually challenged power consumers of BSES discoms in Delhi
New Delhi : In a first-of-its-kind move in Delhi, the BSES power distribution companies on Wednesday launched a facility to deliver electricity bills to their visually challenged consumers in Braille script. Initially, the Braille bills will be delivered at the doorsteps of 500 visually challenged consumers of the BRPL and BYPL discoms and the number will be scaled up in coming days, a BSES spokesperson said. : Economic Times
After a bumpy year, renewable energy looks poised for boom times
New Delhi : The future has never been brighter for renewable energy, as some of the snags that kept wind and solar production from going full throttle this year seem poised to ease. : Mint
British grid hits record 88% zero-carbon power generation
New Delhi : A record 87.6% of power generated into the grid came from zero-carbon sources like wind, nuclear and hydropower, according to data from National Grid Plc’s Electricity System Operator. The data is a snapshot from about 4:30 a.m. Wednesday. : Mint
Power supply hit in Maharashtra, govt invokes MESMA amid 72-hour strike
New Delhi : Employees of three state-owned power companies in Maharashtra began a 72 hour strike on Wednesday to protest against privatisation. : Mint
Employees of 3 state-owned power firms go on strike; Maha invokes MESMA
New Delhi : Thousands of employees of three state-owned power companies went on a 72-hour strike on Wednesday to protest against the privatisation of power firms even as the government invoked the Maharashtra Essential Services Maintenance Act (MESMA), a leader from the employees’ union said. : Business Standard
Centre approves Rs 2,614-cr investment for Sunni Dam hydro power project
New Delhi : The government on Wednesday approved Rs 2,614.51 crore investment for the 382 MW Sunni Dam Hydro Electric Project by state-owned SJVN Ltd in Himachal Pradesh. : Business Standard
Solar Activated Fashion That Is Fancy & Sustainable At The Same Time
New Delhi : Solar Activated Fashion That Is Fancy & Sustainable At The Same Time. : saurenergy.com
SECI Issues RFS for Vendors for Off-Grid Solar Pumping Systems with 1-10 HP
New Delhi : SECI Issues RFS for Vendors for Off-Grid Solar Pumping Systems with 1-10 HP. : saurenergy.com
Southeast Asia’s RE Firm ACEN to Add 700 MW Solar & Wind Energy in 2023
New Delhi : Southeast Asia’s RE Firm ACEN to Add 700 MW Solar & Wind Energy in 2023. : saurenergy.com
How to Convince India’s MSMEs to Go Solar
New Delhi : How to Convince India’s MSMEs to Go Solar. : mercomindia.com
Renewables Help Hospital Group Save ₹40 Million Annually on Power Bills
New Delhi : Renewables Help Hospital Group Save ₹40 Million Annually on Power Bills. : mercomindia.com
Regulator Allows Solar Developer to Recover Interest on Extra Expenditure
New Delhi : Regulator Allows Solar Developer to Recover Interest on Extra Expenditure. : mercomindia.com
Norfund, KLP to Acquire 49% Stake in ReNew’s Transmission Project
New Delhi : Norfund, KLP to Acquire 49% Stake in ReNew’s Transmission Project . : mercomindia.com
HPCL commences its 1st HP Durapol polypropylene grade sale to an end-customer
New Delhi : HPCL commences its 1st HP Durapol polypropylene grade sale to an end-customer. The consignment was flaged off today from our Warehouse Plant in Bhiwandi, Maharashtra, in presence of ED-I&C, Head-Petchem, senior officials & other important stakeholders. : psuconnect.in
ONGC ‘Sagar Samrat’ starts Oil and Gas production in Arabian Sea
New Delhi : The iconic offshore drilling Rig of ONGC ‘Sagar Samrat’ has been commissioned as a Mobile Offshore Production Unit (MOPU) on 23 December 2022. Sagar Samrat MOPU will handle up to 20,000 barrels per day of crude oil. : psuconnect.in
Reliance seeks bids for sale of KG-D6 gas at rates linked to JKM
New Delhi : Reliance Industries and partner BP have sought bids for 6 million metric standard cubic meters a day (mmscmd) of natural gas produced from their KG D6 field off the eastern coast for the next five years. : Economic Times
Value of natural gas imports rose 43% between Apr 2021-Sep 2022
New Delhi : There has been a 43 per cent increase in the value of natural gas which India has imported between April 2021 and September 2022, according to Petroleum Ministry sources. : Sarkaritel.com
Fuel prices surge in Italy as tax discount expires
New Delhi : Petrol and diesel prices in Italy have surged dramatically after a discount on fuel-related excise duties expired. According to data from the Ministry of Environment and Energy Security, national average prices were 1.64 euros per liter for gasoline and 1.71 euros for diesel at self-service pumps during the week ending December 31, 2022, reports Xinhua news agency. : Economic Times
Oil falls again as worries grow over global economy, China COVID cases
New Delhi : Oil edged lower on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China’s rising COVID cases. : Economic Times
Indian Railways to run Hydrogen-powered trains at heritage routes
New Delhi : The Railway Ministry is going to start operating Hydrogen Trains along eight heritage routes according to Railway Minister, Ashwini Vaishnaw. Speaking to journalists in New Delhi, he said the goal is to start running these trains in the next two years. : Economic Times
Atmanirbhar Bharat vis-à-vis Anti-Globalization conundrum: A perspective
New Delhi : The two key terms in the subject matter “Atmanirbhar” and “Globalization” prima facie appear to be antithetical to each other, however, in the present global context vis-à-vis the Indian economic scenario, Atmanirbhar Bharat carries a neo-globalization perspective, differing a great extent from the anti-globalization connotation. : Economic Times
Iraq oil revenues top $115 billion in 2022
New Delhi : Iraq’s oil revenues in 2022 exceeded $115 billion, according to preliminary figures announced by the oil ministry on Tuesday — a four-year high following a collapse in prices during the coronavirus pandemic. : Economic Times
Italian gas storage at end of winter seen higher than in 2022
New Delhi : Italy should end this winter with its gas storage facilities fuller than last year, grid operator Snam said on Tuesday, in a sign that the country has been successful in tackling the energy crisis triggered by the war in Ukraine. : Economic Times
Centre sticks to demand for bigger profit share from Vedanta’s Rajasthan block
New Delhi : The Centre on Wednesday informed the Supreme Court that it is not willing to reconsider the decision to increase profit share from Vedanta’s Barmer oil and gas block in Rajasthan by 10%. : Economic Times
IGX trades over 8.86 lakh mBtu gas in December, up 382% YoY
New Delhi : Indian Gas Exchange (IGX) on Wednesday said its platform traded 88,64,550 million British thermal unit (mBtu), or around 223 million metric standard cubic meters (mmscm), gas volume in December, a whopping 382% jump over the year-ago period. : Mint
Vertex, Pilkington UK sign low carbon hydrogen supply pact
New Delhi : Vertex Hydrogen has signed a ‘Heads of Terms’ offtake agreement for low carbon hydrogen with Merseyside glass manufacturer Pilkington UK. : Mint
Exxon, Chevron focus on oil projects in the Americas
New Delhi : The globe is shrinking for Exxon Mobil Corp. and Chevron Corp. as the two largest U.S. oil companies pull back on big international oil projects and concentrate on a handful of more lucrative assets closer to home. : Mint
Oil steady after last session’s slump as Fed minutes awaited
New Delhi : Oil prices held their ground on Wednesday after tumbling in the previous session as markets braced for minutes from the U.S. Federal Reserve’s December policy meeting. : Mint
India sticks to demand for increased share in Vedanta oil block
New Delhi : The Indian government will stick to its demand for a 10% increase in its share of the revenues from Indian conglomerate Vedanta’s Barmer oil and gas block, a top government lawyer said on Wednesday. : Mint
RIL, ONGC: Will windfall tax hike dampen upside in oil-linked stocks?
New Delhi : Shares of Oil companies extended decline Wednesday, after the central government hiked the windfall tax effective January 3. : Business Standard
Cabinet clears national green hydrogen mission with an outlay of Rs 19,744 cr
New Delhi : The union cabinet on Wednesday cleared the government’s ambitious National Green Hydrogen Mission with an outlay of Rs 19,744 crore. It aims to make India a global hub for green hydrogen production and fuel cell technology. : Sarkaritel.com
Cabinet approves Rs 19,744-cr National Green Hydrogen Mission
New Delhi : The Union Cabinet on Wednesday approved the National Green Hydrogen Mission with an outlay of Rs 19,744 crore with an aim to make India a global hub for manufacturing of this clean source of energy. : Economic Times
Cabinet approves National Green Hydrogen Mission; to bring Rs 8 lakh cr investments by 2030
New Delhi : The Union Cabinet on Wednesday approved the National Green Hydrogen Mission to make India a global hub of green hydrogen. “The Mission aims to reduce 50 million metric tonnes of carbon dioxide emission per annum, save Rs 1 lakh crore in fossil fuel imports, set up 125 GW of RE capacity for this Mission, create about 6 lakh jobs, and bring over Rs 8 lakh crore of total investment by 2030,” said Union Minister Anurag Thakur in the Cabinet briefing. : Economic Times
Russia’s oil flows slump to 2022-low as sanctions squeeze Moscow
Moscow : Russia’s crude shipments slid to the lowest for 2022 in the final four weeks of the year as sanctions crimped Moscow’s exports. Cargoes bound for China, India and Turkey, which have become a lifeline for Russian supplies displaced from Europe, saw a third straight drop. : Economic Times
Oil steady after last session’s slump as Fed minutes awaited
New Delhi : Oil prices held their ground on Wednesday after tumbling in the previous session as markets braced for minutes from the US Federal Reserve’s December policy meeting. : Economic Times
Here’s why aviation industry is relying on used cooking oil as fuel
Tokyo, Japan : The aviation industry has set an extraordinary goal for itself: zero carbon emissions by 2050. And, as per the latest report by NHK World, they may be able to achieve this goal with a raw material that was previously regarded as kitchen waste! : Economic Times
Yemen’s largest oil producing facilities change hands
New Delhi : A global energy company on Tuesday acquired oil producing facilities in war-torn Yemen from another international firm. The move comes as the country’s Houthi rebels have repeatedly targeted terminals and tankers in efforts to stop their rivals from exporting oil. : Economic Times
Bulgaria signs deal to use Turkey’s gas terminals
New Delhi : Bulgaria on Tuesday gained access to Turkey’s terminals and gas transmission network under a long-term deal that will help the country replace supplies once provided by Russia. : Economic Times
Tokyo Gas unit nears $4.6 billion deal to buy US natgas producer: sources
Tokyo, Japan : A unit of Tokyo Gas Co Ltd is in advanced talks to buy US natural gas producer Rockcliff Energy from private equity firm Quantum Energy Partners for about $4.6 billion, including debt, people familiar with the matter said on Tuesday. : Economic Times
Value of natural gas imports rose 43 per cent between Apr 2021-Sep 2022
New Delhi : There has been a 43 per cent increase in the value of natural gas which India has imported between April 2021 and September 2022, according to Petroleum Ministry sources. : Economic Times
Assam City Gas Distribution Policy 2022 approved
Guwahati : Assam government on Wednesday approved Assam City Gas Distribution (CGD) Policy 2022 for promotion of City Gas Distribution (CGD) network. : Economic Times
Top supplier Russia ships record 1.17 million barrels/day of crude in December
New Delhi : Every fourth barrel of crude imported by India in December came from Russia, according to energy cargo tracker Vortexa. Russia remained the top exporter to the country for the third month in a row in December, supplying 1.17 million barrels a day (mbd) of crude, a record. : Economic Times
Govt sticks to demand for increased share in Barmer oil & gas block
New Delhi : The Indian government will stick to its demand for a 10% increase in its share of the revenues from Indian conglomerate Vedanta’s (VDAN.NS) Barmer oil and gas block, a top government lawyer said on Wednesday. : Business Standard
Oil dips 4% on mounting worry about global economy, rising Covid cases
New York : Oil fell by more than $3 a barrel on Wednesday after slumping in the previous session, weighed down by demand concerns stemming from the state of the global economy and rising COVID cases in China. : Business Standard
NTPC considering 50% green hydrogen blending at gas-power units: Officials
New Delhi : The country’s largest power generator, NTPC, is considering blending green hydrogen at its gas-based power generation units, for up to 50 per cent of the total fuel requirement, Business Standard has learnt. : Business Standard
European Union hails high natural gas storage levels despite Russian cuts
New Delhi : Natural gas storage levels in the European Union stand at nearly 84 per cent and were higher in December than the average amount in reserve 4-6 years ago, the EU’s executive branch said Wednesday, despite Russian attempts to choke off supplies amid its war on Ukraine. : Business Standard
Oil falls again as concerns grow over global economy, China Covid cases
London : Oil fell sharply on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China’s rising COVID cases. : Business Standard
Oil sinks over 8% in 2 days to below $79, biggest one-day loss in 3 months
New Delhi : Oil fell sharply on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China’s rising Covid cases. : Business Standard
