17-Jan-2024
Power
” New Delhi : REC Limited, a Maharatna PSU and a leading NBFC, has been awarded ‘Plaque’ under the ‘Financial Services Sector (Other than Banking and Insurance)’ category at the ICAI Awards for Excellence in Financial Reporting for the financial year 2022-23. ” : Sarkaritel.com
” New Delhi : NTPC Bongaigaon today celebrated its 19th Raising Day at its plant premises. Shri Karunakar Das, CGM NTPC Bongaigaon hoisted the NTPC flag at administrative building premises followed by NTPC Geet and cutting of cake.” : Sarkaritel.com
” Mumbai : A three-day exhibition and conference organized by Indian Electrical and Electronics Manufactures’ Association (IEEMA), titled ‘BID 2024’, which stands for ‘BuildELEC, IntelELECT & DistribuELEC-2024’ was inaugurated by Union Power and New and Renewable Energy Minister R.K. Singh at Bombay Exhibition Centre at Goregaon, Mumbai today.” : Sarkaritel.com
REC issues green bonds worth record 61 billion Japanese Yen in global market
New Delhi : Maharatna public sector company REC Limited has successfully issued green bonds worth 61.1 billion Japanese Yen which is the largest ever Yen-denominated issue from India, according to an official statement released on Tuesday. : Sarkaritel.com
Power ministry comes up with new rules to facilitate ease of doing business, ensure financial sustainability
New Delhi : Power ministry comes up with new rules to facilitate ease of doing business, ensure financial sustainability. : Economic Times
REC wins ICAI Award for excellence in financial reporting for FY 2022-23
New Delhi : REC Limited has been awarded ‘Plaque’ under the ‘Financial Services Sector (Other than Banking and Insurance)’ category at the ICAI Awards for Excellence in Financial Reporting for the financial year 2022-23. : psuwatch.com
REC wins ICAI Award for Excellence in Financial Reporting 2022-23
Gurgoan, Haryana : REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has been honored with the ‘ICAI Award for Excellence in Financial Reporting 2022–23’ by the Institute of Chartered Accountants of India (ICAI). : newsmantra.in
Reliance sells REC Solar Norway for $22 million
New Delhi : Reliance sells REC Solar Norway for $22 million. : Economic Times
India gets Rs 16.93 lakh crore investment in power, renewable energy since 2014, Rs 17.05 lakh crore in pipeline
New Delhi : India gets Rs 16.93 lakh crore investment in power, renewable energy since 2014, Rs 17.05 lakh crore in pipeline. : Economic Times
Power sector has seen transformational changes in last 9 years: R K Singh
New Delhi : Union minister R K Singh on Tuesday said the power sector has witnessed transformational changes in the last nine years. Inaugurating the Indian Electrical and Electronics Manufacturers’ Association’s (IEEMA) flagship event BID 2024 here, the power minister said the central government has a huge ambition in terms of energy transition and plans to have 500 GW of non-fossil-based electricity installed capacity by 2030. : Economic Times
Tiger Logistics gets order for providing warehousing services, transportation to BHEL
New Delhi : Tiger Logistics gets order for providing warehousing services, transportation to BHEL. : Economic Times
18,000 MW hydel power projects underway, India to lead in green hydrogen: R.K. Singh at ‘BID 2024’
New Delhi : 18,000 MW hydel power projects underway, India to lead in green hydrogen: R.K. Singh at ‘BID 2024’. : Economic Times
HPL Electric bags smart meters order worth Rs 240 cr
New Delhi : HPL Electric bags smart meters order worth Rs 240 cr. : Economic Times
NIT Raipur professor develops ‘Fault Tolerant Inverter’ to ensure smooth supply of solar power
New Delhi : NIT Raipur professor develops ‘Fault Tolerant Inverter’ to ensure smooth supply of solar power. : Economic Times
India’s power sector reform: New rules to ease business, cut distribution losses
New Delhi : India’s power sector reform: New rules to ease business, cut distribution losses. : Economic Times
Avaada Group to invest Rs 40,000 cr to develop 6 GW hybrid renewable projects in Gujarat
New Delhi : Avaada Group to invest Rs 40,000 cr to develop 6 GW hybrid renewable projects in Gujarat. : Economic Times
Sun Stellar to install solar space heating project in Ladakh
New Delhi : Sun Stellar to install solar space heating project in Ladakh. : Economic Times
Budget 2024: IEEMA proposes budget recommendations to boost Indian electrical manufacturing sector
New Delhi : Budget 2024: IEEMA proposes budget recommendations to boost Indian electrical manufacturing sector. : Economic Times
Jindal Power bids higher than Adani company for Lanco Amarkantak Power
New Delhi : Naveen Jindal-promoted Jindal Power (JPL) Tuesday gave a ?4,203-crore, all-cash offer for acquiring Lanco Amarkantak Power, topping Adani Power’s ?4,100 crore offer, said people with knowledge of the matter. : Economic Times
Govt amends rules, exempts captive projects from transmission licence
New Delhi : The Centre has exempted captive power generators and consumers having minimum 25 kW of load for interstate transmission and energy storage systems to establish, operate and maintain dedicated transmission lines without the requirement of licence. : Economic Times
L&T wins Rs 10,000 crore electrification order for high-speed rail project
New Delhi : Larsen & Toubro (L&T) on Tuesday announced it has secured a mega contract from an authorised Japanese agency to construct an electrification system for the Mumbai-Ahmedabad High-Speed rail project in India. : Business Standard
Sarda Awards Rs 150 cr Solar Chhattisgarh Project To Gensol Engineering
New Delhi : Sarda Awards Rs 150 cr Solar Chhattisgarh Project To Gensol Engineering. : saurenergy.com
Power Ministry carved out new norms for Electricity Rules, 2024
New Delhi : Understanding Succinctly, the consumers with more than a specified quantum of load and Energy Storage Systems [ESS] are allowed to establish and operate dedicated transmission lines themselves which on another perspective would facilitate a new category of huge customers benefitting from more affordable electricity and reliability. : psuconnect.in
Power sector has seen transformational changes in last 9 years: RK Singh
New Delhi : Union Minister RK Singh on Tuesday said the power sector has witnessed transformational changes in the last nine years. : psuwatch.com
IREDA and Indian Overseas Bank Join Hands for Co-Lending
New Delhi : Indian Renewable Energy Development Agency Ltd. (IREDA) and Indian Overseas Bank (IOB) have joined hands through the signing of a Memorandum of Understanding (MoU). : psuconnect.in
Adani Green FY24 Update Highlights 16% Growth In Capacity, 59% In Power Sales
New Delhi : Adani Green FY24 Update Highlights 16% Growth In Capacity, 59% In Power Sales. : saurenergy.com
Government Removes License Requirement For Energy Storage
New Delhi : Government Removes License Requirement For Energy Storage. : saurenergy.com
Green Energy Financing: IREDA, IOB join hands for co-lending
New Delhi : Indian Renewable Energy Development Agency (IREDA) Limited and Indian Overseas Bank (IOB) have joined hands through the signing of a memorandum of understanding (MoU). : psuwatch.com
Power Minister inaugurates IEEMA exhibition and conference ‘BID -2024’ in Mumbai
Mumbai : A three-day exhibition and conference organized by Indian Electrical and Electronics Manufactures’ Association (IEEMA), titled ‘BID 2024’, which stands for ‘BuildELEC, IntelELECT & DistribuELEC-2024’ was inaugurated by Union Power and New and Renewable Energy Minister Shri R.K. Singh at Bombay Exhibition Centre at Goregaon, Mumbai today. : psuconnect.in
Oil and Gas
ONGC, OIL to gain as govt cuts windfall tax on crude oil
New Delhi : The Union government has reduced the windfall tax on petroleum crude to Rs 1,700 per tonne from Rs 2,300 a tonne in its fortnightly revision as oil prices have come down in the international market. : Sarkaritel.com
Oil India to capture CO2 emissions from Rajasthan natural gas field, store in dry wells
New Delhi : Oil India is working on a plan to capture carbon dioxide emitted from its natural gas field in Rajasthan and store it in some of the nearby dry wells, in what could be one of the first such projects in the country. : Economic Times
GAIL organized Industry Meet for Contracts and Procurement Heads of CPSEs
New Delhi : GAIL (India) Limited organized an Industry Meet for Contracts and Procurement Heads of Central Public Sector Enterprises (CPSEs) on 12th January 2024 in Delhi. Shri Deepak Gupta, Director (Projects), GAIL, chaired the meeting. : psuconnect.in
Oil India Limited plans to capture carbon under CCUS criteria project
New Delhi : The initiative is tagged to be the first of its kind project in India where carbon storage sequence is a complex part of research and technical undergone activity, needed to intensify the substantial surface acknowledgement of achieving targets, which was mostly not accessible previously. : psuconnect.in
EIL and Mongol Refinery achieves a key milestone
New Delhi : Team EIL along with Team Mongol Refinery achieved a key milestone at the Mongol Refinery project with the commissioning of 35 KV and 10 KV Transmission Lines and Compact Sub-Stations. : psuconnect.in
18,000 MW hydel power projects underway, India to lead in green hydrogen: R.K. Singh at ‘BID 2024’
New Delhi : 18,000 MW hydel power projects underway, India to lead in green hydrogen: R.K. Singh at ‘BID 2024’. : Economic Times
As govt opens more areas for oil and gas exploration, ONGC reports new find
New Delhi : ONGC, India’s bellwether oil and gas exploration company, has in the past couple of weeks reported major offshore discoveries. It reported ‘first oil’ production from the KG-DWN-98/2 block off the coast of Bay of Bengal. Days later it announced “two significant natural gas reserves” in the Mahanadi basin block in the Bay of Bengal. : Business Standard
Petrol, Diesel Fresh Prices Announced For January 16: Check Fuel Rates In Your City
New Delhi : Petrol, and Diesel Prices on January 16: There is a decline in the prices of crude oil in the international market. At around 6 am on Tuesday morning, WTI crude is being sold at $ 72.66 per barrel. At the same time, Brent crude is trading at 78.15 per barrel. : news18.com
Oilmax Energy to boost reserves to 100 mn barrels, targets 10,000 BOEPD by 2027
New Delhi : Oilmax Energy to boost reserves to 100 mn barrels, targets 10,000 BOEPD by 2027. : Economic Times
Green hydrogen cost must fall to $1 per kg for widespread adoption: Gautam Adani, Chairman, Adani Group
New Delhi : Green hydrogen cost must fall to $1 per kg for widespread adoption: Gautam Adani, Chairman, Adani Group. : Economic Times
Oil edges lower as investors eye Middle East crisis amid stronger US dollar; Brent at $77/bbl
New Delhi : Oil prices edged lower on Tuesday, January 16, as investors weighed the impact of tensions in the Middle East against a stronger dollar and cooled expectations of US interest rate cuts. : Mint
Govt slashes windfall tax on crude petroleum
New Delhi : Govt slashes windfall tax. on crude petroleum : Economic Times
Repsol faces second lawsuit in Peru over oil spill
New Delhi : Repsol faces second lawsuit in Peru over oil spill. : Economic Times
Green hydrogen key to India’s net zero journey: Gautam Adani
New Delhi : Green hyd.rogen key to India’s net zero journey: Gautam Adani : Economic Times
How could Red Sea attacks affect oil and gas shipping?
New Delhi : How could Red Sea attacks affect oil and gas shipping?. : Economic Times
GIFT City partners with IGX, GSPC for global hydrogen trading mechanism
New Delhi : GIFT City partners with IGX, GSPC for global hydrogen trading mechanism. : Economic Times
Indonesia plans to offer 10 oil and gas blocks in 2024
New Delhi : Indonesia plans to offer 10 oil and gas blocks in 2024. : Economic Times
425-km gas pipeline proposed to meet requirements in Kerala, Tamil Nadu
New Delhi : The Petroleum and Natural Gas Regulatory Board (PNGRB) has proposed a 425-km natural gas pipeline to meet the energy requirement in Kerala and Tamil Nadu. : Economic Times
Acme aims to raise $300 million equity in push for green hydrogen
New Delhi : Gurugram-based renewable energy firm Acme Group is looking to raise $300 million in fresh equity, as it aims to secure funds to bid for new power projects, three people with knowledge of the development said. : Mint
India can become $5 trillion economy much before 2028: Puri
New Delhi : Union Minister Hardeep Singh Puri on Tuesday asserted that India can become a five trillion dollar economy much before 2028 and said the country’s energy transition needs to be done in an orderly manner to safeguard the interests of its large population. : psuwatch.com
