” New Delhi : Ministry of Coal and A ‘Navratna’ Government of India Enterprise, NLC India Limited signed a Memorandum of Understanding (MoU) on january 04, 2023 for its key performance areas for 2022-23.” :
psuconnect.in
NTPC Group crosses 300 BU Electricity Generation mark
Mumbai : NTPC, India’s largest power generation company, has registered a generation of 300 BU of electricity in 279 days, as of January 5, 2023. NTPC achieved the 300 BU accomplishment in one month advance. In the year 2021-22, the company crossed the 300 BU generation mark in 300 days on February 5, 2022. : Sarkaritel.com
POWERGRID Ranked 1st in Services Sector across categories in PE Survey 2021-22
New Delhi : Power Grid Corporation of India Limited (POWERGRID), a Maharatna CPSE of Ministry of Power, has been ranked 1st in Services Sector across categories Gross Block, Value Addition. : psuconnect.in
NTPC Group electricity generation tops 300 billion units so far in FY23
New Delhi : State-owned energy giant NTPC Ltd.crossed 300 billion units (BU) mark of electricity generated as of today. The PSU accounts for one-fourth of the electricity supplied in the country. : Mint
No power tariff hike proposed for 2023-24
Ahmedabad : In a major relief to residential, commercial, agricultural, and industrial consumers, four state-run power distribution companies (discoms) have not proposed any hike in power tariffs for the upcoming fiscal year. To revise tariffs, discoms are required to file petitions with the Gujarat Electricity Regulatory Commission (GERC). : Economic Times
BSES launches electricity bill in Braille for visually impaired
New Delhi : Demonstrating its commitment as an inclusive organisation that empowers all sections of its consumers, BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL) have come out with electricity bill in Braille for the visually impaired persons. : Economic Times
Strong regulations, demand to mitigate receivables and leverage risks for power utilities in 2023
New Delhi : Regulatory continuity in 2024 with full cost pass-through under the tariff framework and healthy power demand will continue to support the stable rating outlook for Indian utilities. : Economic Times
Tamil Nadu cabinet clears Rs 15,610 crore worth investment proposals
Chennai : The Tamil Nadu cabinet on Wednesday approved eight new industrial investment proposals worth 15,610 crore. To be spread across districts, these projects are expected to generate 8,776 jobs, industries minister Thangam Thennarasu said. : Economic Times
CIL, trade unions ink pact for 19 pc minimum guaranteed benefit
New Delhi : Sate-owned Coal India Limited (CIL) and trade unions have agreed to a 19 per cent minimum guaranteed benefit of the monthly emolument, benefitting 2.38 lakh non-executive workers, an official statement said on Wednesday. : Economic Times
Centre leans on states to put asset monetization on track
New Delhi : With the national monetization pipeline (NMP) targets faltering, the union government and NITI Aayog plan to focus on asset monetization in states with line ministries told to issue guidelines to help with the sales. : Mint
Winter chill pushes Delhi’s power demand to 5,247 MW; highest in 3 years
New Delhi : The prevailing cold conditions pushed Delhi’s peak power demand to a record high of 5,247 MW on Thursday morning, more than the peaks during winters in the past two years, officials said. : Business Standard
Delhi Solar Policy 2022- A Model For All MegaCities?
New Delhi : Delhi Solar Policy 2022- A Model For All MegaCities?. : saurenergy.com
Is Solar Momentum Stuttering To A Halt In India?
New Delhi : Is Solar Momentum Stuttering To A Halt In India?. : saurenergy.com
Hannon Armstrong (HASI) Invests 1.3 GW Renewables of AES Corp in USA
New Delhi : Hannon Armstrong (HASI) Invests 1.3 GW Renewables of AES Corp in USA. : saurenergy.com
Trina Solar Maintains Its Top ranking in Bankability ratings
New Delhi : Trina Solar Maintains Its Top ranking in Bankability ratings : saurenergy.com
Evaluation Agency Fears India’s Green Bonds Could Indirectly Support Coal Firms
New Delhi : Evaluation Agency Fears India’s Green Bonds Could Indirectly Support Coal Firms. : mercomindia.com
Railways Issues Tender for 1.9 MW Rooftop Solar Projects in West Bengal
New Delhi : Railways Issues Tender for 1.9 MW Rooftop Solar Projects in West Bengal. : mercomindia.com
GH2 sops less than West but power minister RK Singh sure of 60 GW capacity by 2030
New Delhi : Green hydrogen (GH2) incentives of a little over $2 billion may be woefully lower than major economies but using part of the funds to give a small subsidy to consumer industries will hasten the development of an ecosystem and lead to backing out nearly two-thirds of expensive LNG imports, analysts and industry executives said. : Times of India
Power consumption by industries up 10 per cent
Indore : Electricity consumption by industries across various industrial belts in Indore and nearby areas jumped about 10 per cent in the calendar year 2022 on a year-on-year basis due to increase in new industrial connections and rise in demand from units. : Economic Times
Equinor and RWE to build hydrogen supply chain for German power plants
Oslo : Equinor and RWE said on Thursday they planned to develop an industrial value chain for the production and use of low-carbon hydrogen, allowing Germany to reduce its reliance on coal power and thus cut CO2 emissions. : Economic Times
5 industrial corridors in Rajasthan to be promoted as EV, battery manufacturing hubs
Jaipur : The state government will work on developing five industrial corridors as Electric Vehicle (EV) and batteries manufacturing sectors along with incentives to promote use of electric vehicles. The state EV policy mentions that the government envisions to enable an environment for manufacturing of electric vehicles and batteries. : Economic Times
Maharashtra govt says no move to privatise state-run power firms; employee unions call off strike
New Delhi : Employees of three state-owned power companies in Maharashtra called off their strike on Wednesday evening, hours after they stopped work as part of a three-day agitation launched in support of their demands, following an assurance from the government that the utilities will not be privatized, fulfilling a key demand. : Economic Times
Bangladesh puts energy hopes in first nuclear power plant, despite delay
New Delhi : Bangladeshi engineering student Noyon Ali, 22, serves ice-cream and fruit juice at a stall on a hot, dusty roadside to Russian customers, using a menu translated with an online app. : Economic Times
Outlook for renewable energy industry in 2023: Opportunities and Challenges
New Delhi : India accentuated on accelerating renewable energy production, manufacturing necessary equipment, and constructing energy storage facilities in 2022 in a bid to stride big towards the accomplishment of the 500 GW renewable energy target by 2030. : Economic Times
India floats another mega tender worth Rs 5,000 crore for 4,675 electric buses
New Delhi : Convergence Energy Services Ltd (CESL), a wholly-owned subsidiary of Energy Efficiency Services Ltd (EESL), today announced the second tender for 4,675 electric buses under the National Electric Bus Programme. : Economic Times
Provide power subsidy to weavers to improve productivity: UP CM to officials
Lucknow : Uttar Pradesh Chief Minister Yogi Adityanath has said power subsidy should be provided to looms for boosting the economic growth of over 2.5 lakh weavers in the state. : Economic Times
GM crops to FTAs and renewable energy expansion: There’s a catch
New Delhi : India is inextricably tied to and is critical to almost every dominant environmental discourse of international significance – be it climate change, fossil fuel consumption, biodiversity conservation or the big green energy transition. : Economic Times
EESL distributes 36.8 cr LED bulbs, 72 lakh tubelights in 8 years under UJALA programme
New Delhi : State-owned Energy Efficiency Services Ltd (EESL) on Thursday said it has distributed over 36.8 crore LED bulbs under the government’s Unnat Jyoti by Affordable LEDs for All (UJALA) initiative. The company has also distributed 72 lakh LED tubelights under the programme since its launch in 2015, it said in a statement. : Economic Times
AIMCo, OMERS, Brookfield to invest in Fourth Partner Energy
New Delhi : Canada’s Alberta Investment Management Corp. (AIMCo), Ontario Municipal Employees’ Retirement System (OMERS), Brookfield Asset Management Inc., and New York-based I Squared Capital are looking to invest in renewable energy firm Fourth Partner Energy Pvt. Ltd, two people aware of the development said. : Mint
UP CM orders officials to provide power subsidy to boost economic growth
New Delhi : Uttar Pradesh Chief Minister Yogi Adityanath has said power subsidy should be provided to looms for boosting the economic growth of over 2.5 lakh weavers in the state. : Business Standard
NTPC crosses 300 billion units electricity generation mark in FY23
New Delhi : State-owned power giant NTPC on Thursday crossed the 300 billion units (BU) mark of electricity generated during the current fiscal year. : Business Standard
IEX December Power Trading Update
New Delhi : IEX December Power Trading Update. : saurenergy.com
L&G NTR Acquire Three Solar Power Projects Of 115 MWp In Spain
New Delhi : L&G NTR Acquire Three Solar Power Projects Of 115 MWp In Spain. : saurenergy.com
Green Energy to be Focus Area During Egyptian Pres Visit on R-Day
New Delhi : Green Energy to be Focus Area During Egyptian Pres Visit on R-Day. : saurenergy.com
Canadian Solar Will Supply 550mwh BESS To Pulse Clean Energy For UK Projects
New Delhi : Canadian Solar Will Supply 550mwh BESS To Pulse Clean Energy For UK Projects. : saurenergy.com
Daily News Wrap-Up: SJVN to Build 382 MW Hydropower Project in Himachal Pradesh
New Delhi : Daily News Wrap-Up: SJVN to Build 382 MW Hydropower Project in Himachal Pradesh. : mercomindia.com
Renewable Energy Can Boost Bottom Lines of Small Businesses
New Delhi : Renewable Energy Can Boost Bottom Lines of Small Businesses. : mercomindia.com
Researchers Say Cooling Measures for Solar Farms Improve Efficiency by 2-3%
New Delhi : Researchers Say Cooling Measures for Solar Farms Improve Efficiency by 2-3%. : mercomindia.com
Tamil Nadu Invites Bids for 20 MW Rooftop Solar Systems
New Delhi : Tamil Nadu Invites Bids for 20 MW Rooftop Solar Systems. : mercomindia.com
Most of Jaipur households to get PNG in 3-4 years: Torrent Gas
Jaipur : Most of Jaipur households are expected to have piped gas connection in the next three to four years and the cooking gas will cost 16 per cent less compared to the traditional LPG. : Economic Times
Huge subsidies by some developed nations on green hydrogen distorting trade: RK Singh
New Delhi : India believes huge subsidies announced by some developed countries for their green hydrogen sector can distort trade and is in violation of World Trade Organization (WTO) norms, power minister R.K. Singh said on Thursday. : Economic Times
Afghanistan’s Taliban administration in oil extraction deal with Chinese company
New Delhi : Afghanistan’s Taliban-led administration is to sign a contract with a Chinese company to extract oil from the Amu Darya basin in the country’s north, the acting mining minister said on Thursday. : Economic Times
Refiner PKN Orlen to cut Russian oil imports to 10 per cent as of February
Warsaw : Poland’s energy group PKN Orlen will reduce to about 10 per cent the share of Russian oil in the feedstock for its refineries starting next month, a company executive said on Wednesday. : Economic Times
EU hails high 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. : Economic Times
Russia sends more Arctic oil to China, India after sanctions
Singapore : Russia is sending more crude oil produced in the Arctic region to China and India, and at steeper discounts, after Europe slammed its doors shut on Russian supplies last month, trade sources and data show. : 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
Venezuela’s lack of dredging causes trouble for Chevron’s heavy oil exports
Houston : A shipping channel snafu is slowing Chevron Corp’s efforts to load tankers at one of its four Venezuelan joint ventures and bring heavy crude to the United States, three people familiar with the matter said on Wednesday. : Economic Times
Peru hits Spanish energy giant Repsol with new oil spill fines
New Delhi : Peru’s environment authorities on Wednesday announced fines worth close to $6 million against Spanish energy giant Repsol over an oil spill that polluted beaches and cost thousands their livelihoods. : Economic Times
OPEC oil output rises despite production target cuts
London : OPEC oil output rose in December, a Reuters survey found on Wednesday, despite an agreement by the wider OPEC+ alliance to cut production targets to support the market. : Economic Times
Oil prices rebound after opening the year with steep losses
New Delhi : Oil prices rebounded on Thursday after opening the year down more than 9 per cent, the worst yearly start in over three decades, as investors took advantage of the decline to buy futures on expectations long-term fuel demand will remain steady. : 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 10per cent. : Economic Times
In 2023, China’s appetite for LNG set to rise amid tepid demand across Asia
Singapore : China’s liquefied natural gas (LNG) demand is forecast to recover in 2023 as the country emerges from COVID-19 controls to become the bright spot in Asia’s consumption for the super-chilled fuel. : Economic Times
Oil prices rise after US fuel stocks draw down; economic concerns loom
New York : Oil prices rose nearly 2% on Thursday after posting the biggest two-day loss for the start of a year in three decades with U.S. data showing lower fuel inventories providing support and economic concerns capping gains. : Business Standard
India will emerge as most competitive source of green hydrogen & ammonia for world: Minister
New Delhi : Union Minister of Power and New & Renewable Energy R.K. Singh on Thursday chaired an interaction with stakeholders and said that India will emerge as the most competitive source of green hydrogen and ammonia for the world. : Mint
Huge subsidies for green hydrogen by developed nations violate WTO norms: RK Singh
New Delhi : A day after the union cabinet approved the National Green Hydrogen Mission, union minister for new and renewable energy RK Singh on Thursday said that huge amount of subsidies provided by some developed countries for production of green hydrogen would distort the global trade of hydrogen and are in violation of the norms of the World Trade Organization (WTO). : Mint
China ready to resume oil and gas talks with the Philippines, says Xi
Beijling : China is ready to resume oil and gas talks and manage maritime issues “cordially” with the Philippines, China President Xi Jinping said on Wednesday, according to Chinese state television. : Economic Times
BP raises oil investments in the US as inflation hits
Houston : BP PLC said on Wednesday it planned to expand investments in the Gulf of Mexico and Texas, where it has its two top US oil and gas production operations. : Economic Times
Exxon signals strong Q4 profit to drive annual record
New Delhi : Exxon Mobil Corp on Wednesday signaled another strong operational profit of about $15.4 billion in its fourth quarter, pushing it toward a record profit for all of 2022. : Economic Times
Opinion: Europe’s gas prices slump to moderate storage build
London : Europe’s gas prices are slumping as the combination of mild weather and reduced industrial consumption has produced an unusual seasonal increase in inventories which threatens to overwhelm the storage system. : Economic Times
Oil rebounds after biggest two-day loss in decades at start of the year
London : Oil rebounded on Thursday after posting the biggest two-day loss for the start of a year in three decades with the shutdown of a U.S. fuel pipeline providing support, though economic concerns capped gains. : Business Standard
Power Minister R.K Singh interacts with stakeholders regarding National Green Hydrogen Mission
New Delhi : After the Cabinet approved the National Green Hydrogen Mission yesterday , Shri R.K. Singh, Union Minister of Power and New & Renewable Energy chaired an interaction with stakeholders today. : psuconnect.in
Top supplier Russia ships record 1.17 million barrels/day of crude to India in December
New Delhi : Every fourth barrel of crude imported to India in December came from Russia, according to energy cargo tracker Vortexa. : Economic Times
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