MEDIA UPDATE (JULY 02, 2022)

Sarkaritel
By Sarkaritel July 2, 2022 07:35

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02-Jul-2022

Power

India’s largest Floating Solar Plant commissioned at NTPC Ramagundam

New Delhi : The final part capacity of 20 MW out of 100 MW Ramagundam Floating Solar PV Project at Ramagundam, Telangana was declared Commercial Operation with effect from 00:00 hours of July 01, 2022. With this, the 100 MW Floating Solar Power Project is fully operational and is now the Largest in the segment in the country. : Sarkaritel.com

NTPC’s 100 MW floating solar project in Telangana becomes fully operational

New Delhi : NTPC on Friday said its 100 megawatt (MW)floating solar photovoltaic project in Telangana has become fully operational. : Economic Times

Coal India registers record 160 MT output in Apr-Jun this fiscal

New Delhi : State-owned Coal India on Friday said its coal production increased 29 per cent year-on-year to a record 159.8 million tonne (MT) in April-June this fiscal. It had produced 124 MT coal in the year-ago period, Coal India Limited (CIL) said in a statement. : Economic Times

CERC extends price cap on power exchanges till September 30

New Delhi : The Central Electricity Regulatory Commission (CERC) has extended Rs 12 per unit price ceiling in all market segments of power exchanges by three months. The earlier order lowering the price cap from Rs 20 was in force till Thursday. : Economic Times

NTPC commissions India’s largest floating solar power project

New Delhi : NTPC NSE -1.57 % announced on Friday that its 100 megawatt (MW) floating solar photovoltaic plant in Telangana is now fully operational. : Economic Times

Coal India registers record 160 MT output in April-June this fiscal

New Delhi : State-owned Coal India on Friday said its coal production increased 29 per cent year-on-year to a record 159.8 million tonne (MT) in April-June this fiscal. : Business Standard

NTPC Pakri Barwadih Coal Mining Project set a new record; dispatched 278 Coal Rake

New Delhi : NTPC Pakri Barwadih Coal Mining Project (PBCMP) has set a new record by dispatching 278 Coal Rake, which is 9,63,935 MT of Coal, (highest in any month) to various Power Plants of NTPC in June 2022. : psuconnect.in

Coal India plans to take all eight subsidiaries public

New Delhi : Coal India Ltd is looking at taking all its eight subsidiaries public as prices of the fossil fuel soared after power demand rebounded from the pandemic, a government official aware of the development said. : Mint

Coal India produced 160 MT coal in Q1 FY22-23

New Delhi : India’s Largest Coal Producer of the India, Coal India Limited registers a 29 percent coal production increase at 159.8 Million Tonnes in April-June 2022. According to the CIL statement, it had produced 124 MT coal in the year-ago period. : psuconnect.in

Shell, Philippine partner to build 1 GW renewable energy capacity

New Delhi : Shell Overseas Investments B.V., a unit of Shell plc has signed an agreement with the Philippines’ Emerging Power Inc for an initial 1 gigawatt renewable energy project tapping solar, the companies said on Friday. : Economic Times

Indian EV makers hail industry-wide GST rate cut

New Delhi : Electric vehicle (EV) manufacturers on Friday hailed the GST Council’s decision that EVs with or without battery pack will now be taxed at 5 per cent. : Economic Times

Opinion: Meeting the clean energy deficit

New Delhi : Energy is the fuel for all activities, without it life would essentially come to a halt for all. Literally, lack of availability of enough energy for such use is referred to as energy deficit. With the pressing climate change issues and the need for sustainable development. : Economic Times

Electric vehicle policy soon in Punjab: Laljit Singh Bhullar

Chandigarh : Punjab transport minister Laljit Singh Bhullar informed the House on Thursday that the draft electric vehicle policy of the state has been sent to different departments for inputs and will be finalised soon. : Economic Times

Punjab households to get 300 units of free electricity from today:CM Bhagwant Mann

Chandigarh : Punjab Chief Minister Bhagwant Mann said his government is fulfilling a “guarantee” made to people of the state as from Friday each household will be getting 300 units of free electricity every month. The AAP government had earlier announced giving 300 units of free power to every household from July 1. : Economic Times

Ukraine begins exporting electricity to Europe

New Delhi : Ukraine has began exporting electricity to Europe, Ukrainian Prime Minister Denys Shmyhal said. : Economic Times

Freight rates eases as transport operators pass on excise duty cut on fuel: Crisil

Mumbai : Freight rates across the country eased in June after transport operators passed on the benefits of excise duty cut on fuel even though various sectors saw a decline in fleet utilisation during the month, a Crisil report said on Thursday. : Economic Times

WPD, Australis Energy Collaborate For 1.4 GW Offshore Wind Farms In Australia

New Delhi : WPD, Australis Energy Collaborate For 1.4 GW Offshore Wind Farms In Australia. : saurenergy.com

ABB & Microsoft Tech. Are Coming Together for Making Society Energy Efficient

New Delhi : ABB & Microsoft Tech. Are Coming Together for Making Society Energy Efficient. : saurenergy.com

Regulator Extends Rs 12 Cap On Traded Electricity To Sep 30 On Power Exchanges

New Delhi : Regulator Extends Rs 12 Cap On Traded Electricity To Sep 30 On Power Exchanges. : saurenergy.com

Clean Capital Acquires 100% Stake in BQ Energy

New Delhi : Clean Capital Acquires 100% Stake in BQ Energy. : saurenergy.com

Corporates Will Be key To Meeting India’s 450 GW Renewables Aspiration

New Delhi : Corporates Will Be key To Meeting India’s 450 GW Renewables Aspiration. : saurenergy.com

Bids Invited for 54 MW of Solar Projects Under KUSUM Program in Gujarat

New Delhi : Bids Invited for 54 MW of Solar Projects Under KUSUM Program in Gujarat. : mercomindia.com

Websol Energy to Set Up a 1.8 GW Solar Cell and Module Manufacturing Plant

New Delhi : Websol Energy to Set Up a 1.8 GW Solar Cell and Module Manufacturing Plant. : mercomindia.com

Skyfri Group To Operate Assets Of Largest Floating Solar Project In Kerala

New Delhi : Skyfri Group To Operate Assets Of Largest Floating Solar Project In Kerala. : saurenergy.com

Portugal’s EDP betting on floating solar farms in Southeast Asia

New Delhi : Portugal’s main utility EDP will scale up its offshore floating solar farms in Southeast Asia, hoping to get a big slice of the 16 gigawatts of photovoltaic power the region is expected to install on rivers and seas by 2030. : Economic Times

US to add 6 GW offshore wind capacity through 2029: EIA

New Delhi : Power plant developers and operators plan to install more than 6 gigawatts of offshore wind capacity at sites mostly along the US eastern seaboard over the next seven years, the US Energy Information Administration (EIA) said in a report on thursday. : Economic Times

TN power utility for refuelling at Kudankulam nuclear power plant in July instead of March

Chennai : The Tamil Nadu Generation and Distribution Company (Tangedco) wants the refuelling at Kudankulam Nuclear Power Plant (KKNPP) to take place in July instead of March. : Economic Times

India said close to finalizing nationwide battery-swap details

New Delhi : India plans to release final details of a nationwide battery-swapping policy for electric two- and three-wheelers later this month, according to a person familiar with the matter and a document seen by Bloomberg News. : Economic Times

India’s power consumption grows 17.2 pc to 134.13 bn units in June

New Delhi : Power consumption in the country grew by 17.2 per cent year-on-year to 134.13 billion units (BU) in June, amid severe heat and spurt in economic activities. Power consumption in June last year was recorded at 114.48 BU, which was higher than 105.08 BU in the same month of 2020, according to power ministry data. : Economic Times

Supreme Court decision may slow transition to cleaner energy

New York : The Supreme Court ruling limiting the Environmental Protection Agency’s authority to regulate greenhouse gas emissions from power plants could have far-reaching consequences for the energy sector – and make it harder for the Biden administration to meet its goal of having the U.S. power grid run on clean energy by 2035. : Economic Times

India’s largest floating 100-MW solar power project now fully operational in Telangana

New Delhi : The country’s largest floating solar power project has become fully operational, just as NTPC declared commercial operation of the final part capacity of 20 MW out of 100 MW Ramagundam Floating Solar PV Project at Ramagundam, Telangana with effect from July 1. : Mint

Nuclear power can help countries secure energy transitions: IEA reports

New Delhi : The International Energy Agency (IEA) has outlined that nuclear power can help countries in securing energy transitions. In its report titled “Nuclear Power and Secure Energy Transitions: From Today’s Challenges to Tomorrow’s Clean Energy Systems. : Business Standard

India’s power consumption grows 17.2% to 134.13 billion units in June

New Delhi : Power consumption in the country grew by 17.2 per cent year-on-year to 134.13 billion units (BU) in June, amid severe heat and spurt in economic activities. : Business Standard

MDL, CMD launched Fuel Cell Electric Vessel

New Delhi : VAdm Narayan Prasad (IN Retd.), Chairman and Managing Director, Mazagon Dock Shipbuilders Limited (MDL) successfully launched Fuel Cell Electric Vessel prototype, FCEV MDL on 01 July 2022. : psuconnect.in

DWO, EWP Partner To Develop 4GW Offshore Wind In South Korea

New Delhi : DWO, EWP Partner To Develop 4GW Offshore Wind In South Korea. : saurenergy.com

2021 Best Year Ever With 21.1 GW Expansion For Offshore Wind, Says GWEC

New Delhi : 2021 Best Year Ever With 21.1 GW Expansion For Offshore Wind, Says GWEC. : saurenergy.com

RUMSL Issues LOAs For 600 MW Omkareshwar Floating Solar Project

New Delhi : RUMSL Issues LOAs For 600 MW Omkareshwar Floating Solar Project. : saurenergy.com

CERC Declines to Stop SECI From Encashing Bank Guarantees of Inox Green Energy

New Delhi : CERC Declines to Stop SECI From Encashing Bank Guarantees of Inox Green Energy. : saurenergy.com

Irish Study Says Rooftop Solar Panels Can Produce 1/4 th Of Total Electricity Needed

New Delhi : Irish Study Says Rooftop Solar Panels Can Produce 1/4 th Of Total Electricity Needed. : saurenergy.com

CERC Allows ACME Petition To Qualify Entry Tax As Change In Law

New Delhi : CERC Allows ACME Petition To Qualify Entry Tax As Change In Law. : saurenergy.com

MNRE Approves 61 Solar Parks Totaling 40 GW Amidst Land Acquisition Challenges

New Delhi : MNRE Approves 61 Solar Parks Totaling 40 GW Amidst Land Acquisition Challenges. : mercomindia.com

Bangalore Metro Invites Bids for 20 MW of Rooftop Solar Systems at its Stations and Depots

New Delhi : Bangalore Metro Invites Bids for 20 MW of Rooftop Solar Systems at its Stations and Depots. : mercomindia.com

Daily News Wrap-Up: GST Rates for Solar Water Heaters and Systems Hiked to 12%

New Delhi : Daily News Wrap-Up: GST Rates for Solar Water Heaters and Systems Hiked to 12%. : mercomindia.com

Bangladesh and World Bank Sign a $515 Million Loan Agreement for Rural Electrification

New Delhi : Bangladesh and World Bank Sign a $515 Million Loan Agreement for Rural Electrification. : mercomindia.com

Lamborghini to invest at least 1.8 bln euros in path towards electrification

New Delhi : Italian supercar brand Lamborghini plans to invest at least 1.8 billion euros ($1.88 billion) to produce a hybrid lineup by 2024 and more to bring out its fully electric model by the end of the decade, Chief Executive Stephan Winkelmann told Il Sole 24 Ore. : Economic Times

New York officials rule against bitcoin-mining power plant

New York : New York officials denied required air permit renewals Thursday to a bitcoin-mining power plant on the grounds that it was a threat to the state’s climate goals. : Economic Times

Siemens writedown for Siemens Energy to hit Q3 net profit by 2.8 bln euros

Frankfurt : Siemens said on Thursday it was booking a writedown that will result in a 2.8 billion euro ($2.93 billion) impact on the German engineering company’s third quarter net income. : Economic Times

MNRE to help in setting up of offshore wind turbines in TN

Chennai : In a move to promote renewable energy and to cater to the country’s growing power demand, the Ministry of New and Renewable Energy (MNRE) will act as a facilitator to install offshore wind turbines in Tamil Nadu, officials said. : Economic Times

India imposes windfall tax on oil producers. What it means?

New Delhi : The government has announced taxes on windfall gains made by crude oil producers. The government slapped a ₹23,230 per tonne additional tax on domestically produced crude oil to take away windfall gains accruing to producers from high international oil prices. : Mint


Oil and Gas

” New Delhi : Oil and Natural Gas Corporation Limited (ONGC) CMD and Director (HR) Dr Alka Mittal was conferred with the ‘Inspiring CEO of India’Award from the Union Minister of State for the Ministry of Petroleum and Natural Gas and the Ministry of Labour and Employment RameswarTeli.” : Sarkaritel.com

” New Delhi : GAIL’s “Hawa Badlo” initiative won ET Brand Equity Shark Award ’22 for persistent Social Awareness Campaigns against Air Pollution for a better environment. S. Halder, ED (Corporate Communications), GAIL received the award along with Corporate Communications Team of GAIL.” : Sarkaritel.com

GAIL’s Hawa Badlo initiative won Brand Equity Shark Awards

New Delhi : GAIL’s “Hawa Badlo” initiative won ET Brand Equity Shark Awards ’22 for persistent Social Awareness Campaigns against Air Pollution for a better environment. Mr. S.Halder, ED (Corp. Comm.) received the award along with Corporate Communications Team. : psuconnect.in

Harish Madhav, Director (Fin) OIL, took over additional charge of CMD OIL

New Delhi : Shri Harish Madhav, Director (Finance), Oil India Limited, took over the additional charge of Chairman & Managing Director, OIL from today. : psuconnect.in

ONGC CMD conferred with ‘Inspiring CEO of India’ Award at ET CEO Conclave 2022

New Delhi : Oil and Natural Gas Corporation Limited (ONGC) CMD and Director (HR) Dr Alka Mittal was conferred with the ‘Inspiring CEO of India’ Award from the Hon’ble Union Minister of State for the Ministry of Petroleum and Natural Gas and the Ministry of Labour and Employment Rameswar Teli. : psuconnect.in

Pankaj Jain, Secretary Petroleum Ministry launched Swachhta Pakhwada in BPCL

Mumbai : Shri Pankaj Jain, Secretary, Ministry of Petroleum and Natural Gas, Government of India, launched the Swachhta Pakhwada in BPCL, and distributed hygiene kits to the housekeeping staff at BPCL Corporate office, Mumbai. : psuconnect.in

ONGC hosted 60th HR Summit for Oil and Gas PSUs

New Delhi : Oil and Natural Gas Corporation hosted the 60th HR Summit for Oil and Gas PSUs from during 24-25 June 2022 in Mussoorie, Uttarakhand. The diamond jubilee commemoration of the Industry HR Summit aimed to discuss topical HR issues and share the best practices. : psuconnect.in

RIL, ONGC shares crash after govt hikes export tax on petrol, diesel

New Delhi : The government on Friday announced an increase in taxes on the export of petrol, diesel, and aviation turbine fuel (ATF). The centre has also mandated exporters to meet the requirements of the domestic market first. : Mint

Govt slaps export tax on petrol, diesel; windfall tax on domestic crude oil

New Delhi : The government on Friday raised export duty on diesel by Rs 13/litre and that on petrol by Rs 6/litre. The government also imposed a cess of Rs 6 per litre on exports of ATF. : Economic Times

Duty Hike: State-run OMCs optimistic of increased fuel supply

New Delhi : State-run oil marketing firms expect fuel supply to normalise in the country and long queues at their outlets to reduce, after the government on Friday slapped export duty on petrol, diesel, and aviation turbine fuel which may act as a deterrent for private refiners to export. : Economic Times

Govt slaps windfall tax on domestic crude, additional excise duty on fuel export

Bengaluru : The union government on Friday imposed a windfall tax on crude oil produced locally and also levied additional excise duty on exports of petrol, diesel and aviation turbine fuel (ATF) to temper domestic fuel retail prices and ensure availability. : Mint

Oil prices fall on recession fears, on track for third weekly loss

New Delhi : Oil prices fell on Friday, extending the previous day’s plunge, as lingering fears of a recession weighed on sentiment, putting the benchmarks on track for their third straight weekly losses. : Business Standard

Russia seizes control of Sakhalin 2 oil and gas project, says report

New Delhi : Russian President Vladimir Putin signed a decree to transfer rights to the Sakhalin 2 oil and gas project to a new Russian company, Japanese public broadcaster NHK reported. : Business Standard

India Hydrogen Alliance Seeks $360 Million from Government to Deploy 25 Green Hubs

New Delhi : India Hydrogen Alliance Seeks $360 Million from Government to Deploy 25 Green Hubs. : mercomindia.com

Petrol, diesel prices today: Fuel rates remain steady in major cities. Check latest fuel rates here

New Delhi : Petrol and diesel prices have remained steady for over a month on Friday, July 1, 2022, as the oil marketing companies (OMC) kept the costs unchanged for petrol and diesel. : Mint

Fossil fuels surpass renewables as EU’s top power source: Eurostat

New Delhi : Fossil fuels have surpassed renewables to become the European Union’s largest source of power generation as use of natural gas reached its highest point in a decade, the bloc’s statistics office said on Thursday. : Economic Times

Govt to review new taxes levied on crude, diesel, ATF every fortnight: FM

New Delhi : Finance Minister Nirmala Sitharaman on Friday said the government will review every fortnight the new taxes levied on crude, diesel and ATF based on international prices. She said these are “extraordinary times” and oil prices are internationally unbridled. : Economic Times

Germany sees possible Russian ”blockade” of key gas pipeline

Berlin, Germany : Germany’s vice chancellor on Thursday said he suspects that Russia may not resume natural gas deliveries to Europe through the Nord Stream 1 pipeline after planned maintenance work in July, complicating the outlook for this winter. : Economic Times

US Supreme Court limits federal power to curb carbon emissions

Washington : The US Supreme Court on Thursday imposed limits on the federal government’s authority to issue sweeping regulations to reduce carbon emissions from power plants in a ruling that will undermine President Joe Biden’s plans to tackle climate change. : Economic Times

Japan warns on ‘interests’ after Russia gas project decree

Tokyo, Japan : Japan’s energy “interests must not be undermined”, Tokyo said Friday, after Moscow issued a decree transferring operations of a key oil and gas project to a new Russian company. : Economic Times

Canada sees Repsol LNG as fastest way to boost gas supply to Europe

New Delhi : Canada’s East Coast has only enough natural gas supply to accommodate one new liquefied natural gas (LNG) export facility, and the project that would boost shipments to Europe the fastest is Repsol’s, Canada’s environment minister told Reuters. : Economic Times

OPEC+ oil boost likely not much help to high gasoline prices

New York : The OPEC oil cartel and allied producing nations decided on Thursday to boost production of crude by an amount that will likely do little to relieve high gasoline prices at the pump and energy-fuelled inflation plaguing the global economy. : Economic Times

US produces more oil than Russia — but this energy crisis shows fossil fuels’ ecological, political costs: James D. Hamilton

New Delhi : James D. Hamilton teaches economics at the University of California at San Diego. Speaking to Srijana Mitra Das, he discusses the factors driving the ongoing energy crisis — and ways to plan ahead. : Economic Times

India imposes export duties for oil products and a windfall tax on oil producers

New Delhi : India introduced export duties for gasoil, gasoline and jet fuel on Friday to help boost domestic supplies, while also imposing a windfall tax on oil producers that have benefitted from higher global crude oil prices. : Economic Times

Price of 19 kg commercial LPG cylinder cut by Rs 198 in Delhi from today

New Delhi : The price of a commercial LPG cylinder has been cut by Rs 198 from today. With the latest reduction, a 19-kg commercial Liquefied petroleum gas (LPG) cylinder in Delhi will now cost Rs 2021. : Economic Times

JPMorgan sees ‘stratospheric’ $380 oil on worst-case Russian cut

New Delhi : Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase & Co. analysts warned. : Economic Times

Centre to review new taxes on crude oil, auto fuel every fortnight: Tarun Bajaj

New Delhi : The government will review the windfall tax on petroleum and the duty on auto fuel export, that were imposed on Friday, every 15 days for recalibration, revenue secretary Tarun Bajaj told reporters here. : Economic Times

State-run energy cos yet to spot ways to monetize assets

New Delhi : State-run oil and gas companies are yet to finalize alternative asset monetization plans after shelving their earlier plan to monetize oil and gas pipelines, two officials familiar with the matter said. : Mint

LPG price July 1: Cooking gas cylinder becomes cheaper from today

New Delhi : The prices of cooking gas cylinders were reduced on Friday, July 1. The rates of Indane gas cylinders declined by ₹198 in the national capital Delhi on July 1. : Mint

Govt imposes restrictions on exports of fuel

New Delhi : elhi: The government has imposed export restrictions on petrol and diesel by directing exporters to supply a specified quantity in the domestic market, a move aimed at ensuring adequate availability within the country. According to a notification of the Directorate General of Foreign Trade (DGFT). : Economic Times

Shell pauses sale of Nigerian onshore oil assets

New Delhi : Shell said on Thursday it had suspended plans to sell its onshore oil assets in Nigeria, complying with a Supreme Court ruling that said it had to wait for the outcome of an appeal over a 2019 oil spill. : Economic Times

US raises $22 mln from Western oil and gas auctions

Washington : The United States on Thursday raised about $22 million from oil and gas auctions in seven Western states, with drillers passing on nearly half of the acreage offered. : Economic Times

Oil prices rise after falling 3 per cent in previous session

New Delhi : Oil prices edged up in early trade on Friday, after sinking in the previous session as OPEC+ said it would stick to its planned oil output hikes in August and investors worried about the strength of the global economy. : Economic Times

OPEC+ oil boost likely not much help to high gasoline prices

New York : The OPEC oil cartel and allied producing nations decided on Thursday to boost production of crude by an amount that will likely do little to relieve high gasoline prices at the pump and energy-fuelled inflation plaguing the global economy. : Economic Times

Cess will help boost local fuel supplies

New Delhi : The windfall tax imposed on crude oil produced in the country will prompt domestic oil producers to trim their margins while selling oil to refiners as they also have the option to use imported oil without the burden of cess, revenue secretary Tarun Bajaj said. : Mint

Govt slaps tax on petrol, diesel and ATF exports: No impact on domestic prices

New Delhi : To ease the domestic fuel supply crunch the government has decided to slap an export tax on petrol, diesel and jet fuel (ATF) shipped overseas by firms like Reliance Industries. : Mint

IH2A’s Green Hydrogen Hub Plan For India

New Delhi : IH2A’s Green Hydrogen Hub Plan For India. : saurenergy.com

Sarkaritel
By Sarkaritel July 2, 2022 07:35