01-July-2024

Power

NTPC board gives go-ahead for raising Rs 12,000 crore via NCDs

New Delhi : Government-owned power giant NTPC said on Saturday that its board has cleared a proposal to raise up to Rs 12,000 crore through the issuance of bonds and non-convertible debentures (NCDs). : Sarkaritel.com

REC Limited Board Approves Two Projects

New Delhi : REC Limited, the Maharatna company in its board meeting held on June 29, 2024 approved the two project that are specific special purpose vehicles, as wholly owned subsidiary companies of REC Power Development & Consultancy Limited. : psuconnect.in

Power ministry mandates continued 6 per cent coal blending to secure energy supply

New Delhi : Power ministry mandates continued 6 per cent coal blending to secure energy supply. : Economic Times

Jharkhand cabinet hikes entitlement for free electricity to 200 units per month

Ranchi : Jharkhand cabinet hikes entitlement for free electricity to 200 units per month. : Economic Times

India’s coal production CAGR rises to 5.63 per cent, imports slow to 2.49 per cent

New Delhi : India’s coal production CAGR rises to 5.63 per cent, imports slow to 2.49 per cent. : Economic Times

NTPC to raise ?12,000 crore via bonds, NCDs issue: Focus on ongoing and expansion projects

New Delhi : India’s largest power producer National Thermal Power Corporation Limited (NTPC) board has approved raising up to ?12,000 crore through the issue of bonds or Non-convertible debentures (NCD), said the company in a BSE filing post the board meeting held on Saturday, June 29. : Mint

NTPC Board approves Raising of Funds through issue of Non-Convertible Debentures

New Delhi : Power Sector PSU NTPC Ltd has confirmed through exchange filing that its Board members committee has approved the raising of funds through the issuance of non-convertible debentures and bonds worth Rs 12,000 crore. : psuconnect.in

Europe’s green transition offers India-Bulgaria trade opportunities, says Indian envoy

New Delhi : Europe’s green transition offers India-Bulgaria trade opportunities, says Indian envoy. : Economic Times

CM lays foundation stone of 10 MW solar power project at Aghlor in Kutlehar constituency

New Delhi : CM lays foundation stone of 10 MW solar power project at Aghlor in Kutlehar constituency. : Economic Times

Maharashtra power utility’s 6600 MW procurement tender faces scrutiny

Mumbai : The Maharashtra State Electricity Distribution Company Ltd’s (MSEDCL) 6,600 MW tender for long-term power procurement has come under the security of Maharashtra Electricity Regulatory Commission (MERC). : Business Standard

UP Govt to promote Centre’s rooftop solar subsidy scheme in Ayodhya, Varanasi and Gorakhpur

Lucknow : The Uttar Pradesh Government will launch an awareness campaign to promote the Centre’s ‘PM Surya Ghar Yojana’ — a rooftop solar subsidy scheme — in Ayodhya, Varanasi, and Gorakhpur. : psuwatch.com

NTPC Hiring for Associate Position: Last Date of Applying Today

New Delhi : NTPC Recruitment 2024: One of India’s leading power generation company National Thermal Power Corporation (NTPC) is hiring candidates to fill out the post of Associate position or a period of 6 months. : psuconnect.in

IREDA poised to support India’s RE Sector

Mumbai : Addressing the 61st National Cost and Management Accountants’ Convention at Ekta Nagar, Statue of Unity in Gujarat today, Mr. Pradip Kumar Das, Chairman and Managing Director IREDA. : psuconnect.in

Oil and Gas

” New Delhi : Congratulating the Indian Contingent for Paris 2024 Olympic Games, Hardeep Singh Puri, Minister of Petroleum & Natural Gas said, “the Olympics are the pinnacle of human achievement. To all the champion athletes here who have qualified for the 2024 edition, I say, on behalf of 1.4 billion Indians, congratulations and the best of luck! We couldn’t be prouder.”” : Sarkaritel.com

Russia extends gasoline export permit

New Delhi : Russia extended the permit for the export of gasoline until July 31, according to a government document. A sufficient volume of fuel reserves has been formed in the domestic market, and the demand is fully met by supply, Russian Energy Minister Sergei Tsivilyov was quoted by RIA Novosti, reported Xinhua news agency. : Sarkaritel.com

GAIL fast-tracks net zero carbon goal to 2035 from 2040

New Delhi : GAIL fast-tracks net zero carbon goal to 2035 from 2040. : Economic Times

Oil India Ltd announces changes in Senior Management

New Delhi : Oil India Limited, a Maharatna Central Public Sector Enterprise (CPSE), has announced the appointment of Rupam Barua as its new CFO. : psuconnect.in

ONGC sets up two 100-bed hospitals at twin base camps for Amarnath pilgrims

New Delhi : Oil and Natural Gas Corporation (ONGC) has set up two 100-bed hospitals at the twin Amarnath base camps in Kashmir and announced that the facilities would continue to operate after the annual yatra. : psuwatch.com

Repsol in talks to merge UK North Sea operations with NEO, sources say

New Delhi : Repsol in talks to merge UK North Sea operations with NEO, sources say. : Economic Times

Amid Ukraine war, Netherlands continues to be top destination for India’s petroleum exports

New Delhi : The Netherlands, with its developed transit ports, continues to be the top destination for India’s petroleum exports, with shipments to Europe accounting for $4.4 billion during April-May 2024, up from $2.8 billion in the same period of the previous year. : Mint

World Bank approves $1.5 bn loan to support India’s green hydrogen push

New Delhi : The World Bank has approved a $1.5-billion loan to help India accelerate its low-carbon energy development. : Business Standard

Delhi fuel pumps defer strike after govt’s assurance on PUC certificate fee

New Delhi : The Pollution Under Control (PUC) certification centres will continue to operate on Monday across the national capital with petrol pump owners deferring their strike after assurance from the transport minister that their demand for fee hike was being looked into. : Business Standard

Aramco signs over $25 bn of deals for main gas network, Jafurah gas field

New Delhi : Saudi Arabia’s state oil company Aramco has signed contracts worth more than $25 billion for the second phase of the expansion of its Jafurah gas field and the third phase of expanding its main gas network, its CEO Amin Nasser said on Sunday. : Business Standard

Hero Future Energies gets shortlisted for Bhubaneswar Hydrogen Valley project

New Delhi : Hero Future Energies gets shortlisted for Bhubaneswar Hydrogen Valley project. : Economic Times

GAIL says Urja Ganga gas pipeline completion delayed to March 2025

New Delhi : The construction of the Rs 12,940-crore ‘Urja Ganga’ gas pipeline, India’s most ambitious project taking environment-friendly fuel to eastern parts of the country, has been delayed by nine months and will now be completed by March 2025, state-owned GAIL (India) Ltd said. : Economic Times

Delhi petrol pumps defer strike after minister’s assurance on PUCC fee

Saudi Aramco grants $25 billion contracts: Focus on increasing production and reducing emissions

New Delhi : Saudi Aramco, the largest energy company in the world, granted contracts worth $25 billion for the development of its Jafurah gas project to boost production capability and reduce global warming emissions, reported Bloomberg. : Mint

GAIL’s Urja Ganga gas pipeline project completion delayed until March 2025

GAIL Director HR awarded ‘Leadership Excellence Award Human Resources’

New Delhi : Shri Ayush Gupta, Director (HR), GAIL, has been conferred with the ‘Leadership Excellence Award Human Resources’ at the Downstream India Awards ceremony, held during the Global Refining & Petrochemicals Congress 2024 on June 27, 2024, in New Delhi. : psuconnect.in

MEDIA UPDATE (July 01, 2024)