03-July-2024
Power
” New Delhi : NTPC Bongaigaon has successfully inaugurated three vital community projects in Bashbari village as part of its Corporate Social Responsibility (CSR) initiatives. These projects include a Digital Anganwadi Centre, a Smart Class at Bashbari High School, and the installation of solar panels and a waiting shed at the community library.” : Sarkaritel.com
NTPC Vidyut Vyapar Nigam Ltd Achieves 43% YoY Growth, Trading 11.5 Billion Units in Q1 FY25
New Delhi : NTPC Vidyut Vyapar Nigam Ltd (NVVN), a wholly-owned subsidiary of NTPC Ltd, successfully traded 11.5 billion units of electricity, marking an impressive 43% year-on-year (YoY) growth during Q1 FY25. : Sarkaritel.com
NLCIL shares growth output of Q1 FY25
New Delhi : State-owned Neyveli Lignite Corporation has shared its production growth of the first quarter of FY2025, witnessing a remarkable achievement in fuel energy output. : psuconnect.in
Power Ministry may raise FY32 peak demand forecast after review
New Delhi : The power ministry is reassessing its forecast of peak demand for 2031-32 and may revise it upwards on the back of rapidly increasing electricity consumption, which may have rendered the current projection of 384 GW improbably low. : Economic Times
Coal stock at domestic thermal plants rises to 44.46 MT, up 33% from last year
New Delhi : Coal stock at domestic thermal plants rises to 44.46 MT, up 33% from last year. : Economic Times
India’s power demand forecast to surpass 400 GW by 2031-32: Power Secretary
New Delhi : India’s power demand forecast to surpass 400 GW by 2031-32: Power Secretary. : Economic Times
11 captive, commercial coal mines expected to start production this fiscal: Coal Ministry
New Delhi : Eleven captive and commercial coal mines are expected to start production in FY2024-25, said the Ministry of Coal on Tuesday. Additional Coal Secretary M Nagaraju chaired a meeting to review the status of ‘producing and expected-to-produce’ and ‘Non-Operational’ captive and commercial coal mines on July 1. : psuwatch.com
TD Power Systems bags order worth USD 9.28 million
New Delhi : TD Power Systems bags order worth USD 9.28 million. : Economic Times
Race on: Renewable Energy Firms vie for Top Sites to Build Pumped Storage Plants
New Delhi : Race on: Renewable Energy Firms vie for Top Sites to Build Pumped Storage Plants. : Mint
Uttar Pradesh government to funnel Rs 75,000 crore in energy projects
Lucknow : The Uttar Pradesh government has lined up investment to the tune of Rs 75,000 crore in the energy sector amid soaring demand for electricity which is likely to hit 53,000 megawatt (mw) by 2028. : Business Standard
Power sector Budget wish list: Funds for green energy, more domestic mfg
New Delhi : With India accelerating green energy transition, the energy sector is pinning its hopes on the upcoming Union Budget to catalyse policy support and tax benefits. Sector executives are expecting a relook at GST rates across the renewable energy supply chain. : Business Standard
Delhi’s Hauz Khas gets grid-connected solar-powered EV charging station
New Delhi : Philipp Ackermann, German Ambassador to India and Bhutan, recently inaugurated a grid-connected solar-powered EV charging station at Hauz Khas Village Parking Station in Delhi. : pv-magazine.com
Waaree Energies to supply 900 MW of TOPCon bifacial modules for solar plant in Rajasthan
New Delhi : Waaree Energies Ltd announced this week that it has secured a contract from Serentica Renewables India to supply 900 MW of n-type TOPCon solar modules. : pv-magazine.com
Schneider Electric inaugurates climate smart villages in Jharkhand
New Delhi : Schneider Electric India Foundation (SEIF), a socially committed arm of Schneider Electric in India, has inaugurated two Climate Smart Villages in the Gumla district of Jharkhand where communities would be using solar power for irrigation, agro-processing, households, and requirements. : pv-magazine.com
SJVN Green to supply 4,500 MW renewable energy to AM Green for green ammonia production
New Delhi : SJVN Green to supply 4,500 MW renewable energy to AM Green for green ammonia production. : Economic Times
Power secretary urges smart meter installation for PM Surya Ghar beneficiaries
New Delhi : Power secretary urges smart meter installation for PM Surya Ghar beneficiaries. : Economic Times
Karnataka to set up solar park in Madhugiri, boost renewable energy production: Minister K J George
New Delhi : Karnataka to set up solar park in Madhugiri, boost renewable energy production: Minister K J George. : Economic Times
Transforming India’s power grid: Highlights from the Transmission & Distribution Conclave 2024
New Delhi : The Transmission and Distribution Conclave organised by ETEnergyworld along with their industry partner, CTC Global served as a pivotal forum to explore the intricate dynamics of energy transition, grid resilience, and efficiency in our evolving energy landscape. : Economic Times
Peak power demand declines 10% to 206GW as rains hit north India
New Delhi : Heavy rain pounding the northern parts of the country after a spate of heatwave brought down the peak power demand in the past three days, bringing much relief from record consumption. : Economic Times
India’s power demand may cross 400 GW mark by 2031-32: Power Secretary
New Delhi : India’s peak power demand may surpass the projected 384 GW mark and cross even a new level of 400 gigawatt (GW) by 2031-32, Power Secretary Pankaj Agarwal said on Tuesday. : Business Standard
Adani Power ups capacity addition targets again, to more than 30 GW
New Delhi : Private power producer Adani Power is ratcheting up its electricity generation capacity to match the country’s growing power demand. Revised twice since May, Adani Power now aims to take capacity to more than 30 gigawatt (GW) by 2030. : Business Standard
SECI launches 400 MW wind-solar hybrid tender
New Delhi : Solar Energy Corp. of India (SECI) has invited bids to set up 400 MW of wind-solar hybrid power projects on a build-own-operate basis in India. The projects can be located anywhere in India and must connect to the interstate transmission system. : pv-magazine.com
NTPC launches 1.2 GW wind-solar hybrid tender
New Delhi : NTPC has invited bids for selection of developers to supply 1.2 GW hybrid power from wind-solar hybrid power projects with or without energy storage system in India. : pv-magazine.com
COAL MINISTRY REVIEWS STATUS OF CAPTIVE AND COMMERCIAL COAL MINES
New Delhi : Additional Secretary of Coal Ministry, M. Nagaraju chaired a crucial meeting to review the status of ‘producing and expected to produce’ and ‘Non-Operational’ captive and commercial coal mines in New Delhi. : globalgreenews.com
NTPC Vidyut Vyapar Nigam Ltd Achieves 43% YoY Growth, Trading 11.5 Billion Units in Q1 FY25
New Delhi : NTPC Vidyut Vyapar Nigam Ltd (NVVN), a wholly-owned subsidiary of NTPC Ltd, successfully traded 11.5 billion units of electricity, marking an impressive 43% year-on-year (YoY) growth during Q1 FY25. : psuconnect.in
Coal Minister launched Coal India Limited CSR Project ‘NIRMAN’
New Delhi : Shri Kishan Reddy Gangapuram, Hon’ble Union Minister of Coal and Mines launched the Coal India Limited CSR Project, “NIRMAN – Noble Initiative for Rewarding Mains Aspirants of National Civil Service Examination” meant for financial support of Rs. 1 Lakh to each candidate hailing from CIL mining district who had qualified Preliminary round of UPSC Civil Service & Forest Service Examination 2024. : psuconnect.in
KLK Ventures Bags 5 MW Allotment From UPNEDA For Solar Projects
New Delhi : KLK Ventures Bags 5 MW Allotment From UPNEDA For Solar Projects. : saurenergy.com
IEX Achieves Electricity Volume Of 10,185 MU, An Increase Of 25% YoY
New Delhi : Indian Energy Exchange, India’s premier electricity exchange, achieved electricity volume of 10,185 MU in June’24, marking a 24.7% year on year increase. The total monthly volume including certificates at 10,677 MU, increased 19.4% on year-on-year basis. : indianpsu.com
IREDA CMD Meets CM and Dy CM of Odisha to Boost Green Energy Financing
Bhubaneswar : Shri Pradip Kumar Das, Chairman & Managing Director, Indian Renewable Energy Development Agency Ltd. (IREDA), met with the Hon’ble Chief Minister of Odisha, Shri Mohan Charan Majhi and Hon’ble Deputy Chief Minister, Shri Kanak Vardhan Singh Deo in Bhubaneswar today. : psuconnect.in
NTPC Bongaigaon Inaugurates Key Community Projects in Bashbari Village
New Delhi : NTPC Bongaigaon has successfully inaugurated three vital community projects in Bashbari village as part of its Corporate Social Responsibility (CSR) initiatives. : psuconnect.in
Oil and Gas
” New Delhi : ONGC announces the appointment of Vivek Chandrakant Tongaonkar as the new Director (Finance) on 2nd July, 2024. Tongaonkar is an industry veteran with over 37 years of professional experience in diverse activities across the Energy value-chain.” : Sarkaritel.com
Govt sets July domestic gas price at $8.24/mmbtu, with ONGC/OIL ceiling at $6.50/mmbtu
New Delhi : Govt sets July domestic gas price at $8.24/mmbtu, with ONGC/OIL ceiling at $6.50/mmbtu. : Economic Times
BPCL to partner with Indian Olympic Association
New Delhi : BPCL to partner with Indian Olympic Association. : Economic Times
Vivek Chandrakant Tongaonkar takes charge as ONGC Director (Finance)
New Delhi : Vivek Chandrakant Tongaonkar takes charge as ONGC Director (Finance). : Economic Times
BPCL partners with Indian Olympic Association as Principal Sponsor for 4 years
New Delhi : Bharat Petroleum Corporation Limited (BPCL) announced its partnership with the Indian Olympic Association (IOA) as the official Principal Partner for four years, starting from Paris Olympics 2024 through Los Angeles Olympics 2028. : psuwatch.com
Vivek Chandrakant Tongaonkar appointed as Director (Finance) of ONGC
New Delhi : ONGC Limited announced the appointment of Vivek Chandrakant Tongaonkar as the new Director (Finance) on Tuesday. Prior to this, Tongaonkar served as Director (Finance) & CFO at ONGC’s downstream subsidiary-Mangalore Refinery & Petrochemicals Limited (MRPL) from May 2023 till June 2024. : psuwatch.com
Petronet LNG Ltd announces Change in Senior Management
New Delhi : Shri Yogananda Reddy has been designated as CGM, Vice-President (Technical & HSE), and Chief Risk Officer of the Petronet LNG Ltd Board with effective from 1st July 2024. : psuconnect.in
Vivek Chandrakant Tongaonkar appointed as ONGC’s New Director (Finance) and CFO
New Delhi : The ONGC Board of Directors at its meeting held today on 02.07.2024, has considered and approved the appointment of Shri Vivek Chandrakant Tongaonkar as Director (Finance) of the Company in a letter dated 01.07.2024 issued by Ministry of Petroleum and Natural Gas, Government of India. : psuconnect.in
India raises windfall tax on petroleum crude
New Delhi : India raises windfall tax on petroleum crude. : Economic Times
Hydrogen sector asks EU to help local firms compete with China
New Delhi : Hydrogen sector asks EU to help local firms compete with China. : Economic Times
Oil pares gains from 2-month high mark after Hurrican Beryl forecast spares crude production areas; Brent at $86
New Delhi : Crude oil prices gave up most of their gains from earlier in the day as Hurricane Beryl’s forecast track continued to steer it away from major offshore production areas in the US-regulated northern Gulf of Mexico. : Mint
Govt raises windfall tax on petroleum crude to Rs 6,000 per metric tonne
New Delhi : The Indian government has raised the windfall tax on petroleum crude to Rs 6,000 ($72) per metric tonne from Rs 3,250, effective from July 2, a notification issued on Monday showed. : Business Standard
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On July 2
New Delhi : Petrol, and Diesel Prices On July 2, 2024: Oil marketing companies have announced updated petrol and diesel prices on Tuesday, July 2. The country’s Petrol and diesel prices depend on crude oil prices internationally. : news18.com
Russia’s pipeline gas exports to Europe jump in June from last year
New Delhi : Russia’s pipeline gas exports to Europe jump in June from last year. : Economic Times
Windfall tax on domestically produced crude oil doubled from today, hiked to ?6,000/tonne
New Delhi : The government hiked windfall tax on domestically produced crude oil to ?6,000 per tonne, from ?3,250 per tonne, with effect from July 2, PTI reported. : Mint
Shell to pause construction work at Dutch biofuels project as market sags
New Delhi : Shell will pause construction work at one of Europe’s largest biofuel plants due to weak market conditions, the latest low-carbon project to suffer a setback as CEO Wael Sawan is striving to boost returns. : Business Standard
Crude Oil: Check key trading strategy on July 02, target price and more
New Delhi : Crude oil prices at $83.50, hover near two months high driven by the renewed geo-political risk in the middle east and red sea region along with the threat of Hurricane Beryl. Oil prices gained 2 per cent on Monday, followed by 6 per cent in June and are up 16 per cent YTD. : Business Standard
Petrol, Diesel Rates Increases Slightly In Bhubaneswar On July 2
Bhubaneswar : The price of petrol and diesel in Bhubaneswar has increased slightly in the last 24 hours. On July 2, 2024, Tuesday the price of petrol was recorded at Rs 101.34 per litre, while diesel cost was recorded at Rs 92.91 per litre. : kalingatv.com
