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MEDIA UPDATE (July 26, 2024)

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26-July-2024

Power

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” New Delhi : Manohar Lal, Minister of Power and Housing & Urban Affairs, inaugurated National Feeder Monitoring System (NFMS) Control Centre on REC Limited’s 55th Foundation Day today , at REC Headquarters, Gurugram in the presence of Shripad Yesso Naik, Minister of State for Power and New & Renewable Energy.” : Sarkaritel.com

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” New Delhi : A novel Tree plantation programme initiative by the Ministry of Coal as part of VriksharopanAbhiyan was celebrated by NLCIL in 14 places/sites in 5 Districts and involving 5 states (Tamil Nadu, Rajasthan, Odisha, Jharkhand and UP) today on 25.07.24.” : Sarkaritel.com

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” New Delhi : Sanjay Kumar Singh has taken over as Director (Projects), NHPC Limited, India’s premier hydropower company and a Schedule ‘A’ enterprise of Government of India on 24th July 2024. Singh holds a degree in Bachelor of Engineering (Civil) and has more than 32 years of vast and varied experience in Power and Infrastructure sector in respect of execution of mega and prestigious projects in India and Bhutan.” : Sarkaritel.com

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” New Delhi : Minister of State for New and Renewable Energy (MNRE), Shripad Yesso Naik on Thursday held discussions with industry representatives on the production-linked incentive (PLI) scheme and other incentives to promote Indian manufacturing in the renewable energy sector.” : Sarkaritel.com

NATIONAL Manohar Lal Inaugurates National Feeder Monitoring System Control Centre At REC Limited On It’s 55th Foundation Day

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New Delhi : Shri Manohar Lal, Minister of Power and Housing & Urban Affairs, inaugurated National Feeder Monitoring System (NFMS) Control Centre on REC Limited’s 55th Foundation Day today , at REC Headquarters, Gurugram in the presence of Shri Shripad Yesso Naik, Minister of State for Power and New & Renewable Energy. : orissadiary.com

Adani Energy Solutions posts 73 pc net profit growth in Q1, revenue surges 43 pc

New Delhi : Adani Energy Solutions Ltd (AESL) on Thursday reported strong results for the April-June quarter, as operational revenue surged 47 per cent to Rs 5,379 crore (year-on-year) while adjusted profit after tax (PAT) reached Rs 315 crore, up an impressive 73 per cent. Operational EBITDA was at Rs 1,628 crore, up 29.7 per cent YoY, said the Adani Group company. : Sarkaritel.com

State-run NHPC appoints Sanjay Kumar Singh as Director of Projects

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New Delhi : State-run hydroelectric power company NHPC Ltd has appointed Sanjay Kumar Singh as director of projects, as per a press release from the company. : Mint

Private sector owns over 52 pc of installed power generation capacity of 446GW

New Delhi : Private sector owns over 52 pc of installed power generation capacity of 446GW. : Economic Times

Anti-dumping: DGTR proposes up to $577 per tonne duty on aluminium frame imports for solar panels from China

New Delhi : Anti-dumping: DGTR proposes up to $577 per tonne duty on aluminium frame imports for solar panels from China. : Economic Times

Private sector owns over 52 pc of installed power generation capacity of 446GW

New Delhi : Private sector owns over 52 pc of installed power generation capacity of 446GW. : Economic Times

Hitachi Energy India Q1 profit jumps 4-fold to Rs 10 cr

New Delhi : Hitachi Energy India Q1 profit jumps 4-fold to Rs 10 cr. : Economic Times

Centre to install 5833 new EV charging stations along national highways

New Delhi : Centre to install 5833 new EV charging stations along national highways. : Economic Times

India’s power grid’s carbon intensity has declined by 9% in last 10 yrs: Govt

New Delhi : With increase in the share of renewable energy generation, the average carbon intensity of the power grid has reduced by 9 percent in the last 10 years, the Lok Sabha was told on Thursday. : psuwatch.com

SJVN receives Letter of Intent from Mizoram Government for 2400 MW Darzo Lui Pumped Storage Project

Shimla : SJVN has received a Letter of Intent (LoI) from Government of Mizoram for allotment of Darzo Lui Pumped Storage Project to the company through MOU route on nomination basis. : psuconnect.in

Sanjay Kumar Singh appointed as Director (Projects) of NHPC Ltd

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New Delhi : Hydropower giant PSU NHPC Ltd has appointed Shri Sanjay Kumar Singh as Director(Projects) for three years. Shri Sanjay Kumar Singh has assumed the charge of the post of the Director (Projects), NHPC Limited w.e.f. 24.07.2024. : psuconnect.in

PM Surya Ghar, Green Corridor, PM-KUSUM Get Financial Push

New Delhi : PM Surya Ghar, Green Corridor, PM-KUSUM Get Financial Push. : saurenergy.com

Tata Power In MoU with NDDB To Solarise Dairy Supply Chain

New Delhi : Tata Power In MoU with NDDB To Solarise Dairy Supply Chain. : saurenergy.com

Adani Green Energy’s cash profit surges 32 pc to Rs 1,390 crore in Q1 FY25, revenue up 24 pc

New Delhi : Adani Green Energy Ltd (AGEL) on Thursday reported robust results for the April-June quarter (Q1) of the current fiscal, clocking a 23 per cent industry-leading EBITDA growth at Rs 2,374 crore, as cash profit surged 32 per cent (year-on-year) to Rs 1,390 crore. : Sarkaritel.com

India to triple installed nuclear power capacity by 2031-32: Union Minister

New Delhi : As India aims to achieve Net Zero target by 2070, the country’s installed nuclear power capacity is projected to nearly triple by 2031-32, Union Minister of State (Independent Charge) for Science and Technology, Dr Jitendra Singh, told the Parliament on Thursday. : Sarkaritel.com

Rs 6.67 lakh crore investment needed by 2031-32 to expand thermal power capacity

New Delhi : The Power Ministry has estimated that the expansion required in the country’s thermal capacity to meet the growing demand for electricity will entail an expenditure of a minimum of Rs 6.67 lakh crore by 2031-32, Minister of State for Power Shripad Naik informed the Parliament on Thursday. : Sarkaritel.com

Budget proposals for critical minerals, energy transition to push net-zero goals: Energy players

New Delhi : Budget proposals for critical minerals, energy transition to push net-zero goals: Energy players. : Economic Times

IEX Q1 Results: Net profit soars over 27% YoY to Rs 96 crore

New Delhi : IEX Q1 Results: Net profit soars over 27% YoY to Rs 96 crore. : Economic Times

Adani Green Energy profit up nearly 95 pc to Rs 629 cr in Q1

New Delhi : Adani Green Energy profit up nearly 95 pc to Rs 629 cr in Q1. : Economic Times

ReNew energizes Rajasthan with 400 MW solar launch, targets full 600 MW by October

New Delhi : ReNew energizes Rajasthan with 400 MW solar launch, targets full 600 MW by October. : Economic Times

Over 98 lakh consumers in Rajasthan benefit from free electricity scheme: Power minister

New Delhi : Over 98 lakh consumers in Rajasthan benefit from free electricity scheme: Power minister. : Economic Times

Tata Power’s microgrid arm partners with National Dairy Development Board to solarize milk value chain

New Delhi : TP Renewable Microgrid Ltd (TPRMG), a solar microgrid company and a wholly owned subsidiary of Tata Power, has entered into a Memorandum of Understanding (MoU) with the National Dairy Development Board (NDDB) to advance renewable energy technologies within the dairy value chain. : pv-magazine.com

SJVN secures 2.4 GW pumped storage project in Mizoram

New Delhi : SJVN has received a Letter of Intent for allotment of a 2.4 GW pumped storage project from the state government of Mizoram. The pumped storage project has been proposed across Darzo Nallah, a tributary of Tuipui river. : pv-magazine.com

Coal import for blending by power sector declined 12.31% in April-June period of FY25

New Delhi : Coal import for blending by the power sector declined 12.31 percent year-on-year in Q1 (April-June) of FY2024-25 even as power generation during the period went up by 11.3 percent in comparison to the last year. : psuwatch.com

SJVN bags 2400 MW pumped storage project from Govt of Mizoram

New Delhi : SJVN Limited on Thursday said that it has received a Letter of Intent (LoI) from Government of Mizoram for allotment of Darzo Lui Pumped Storage Project to the company through MoU route on nomination basis. : psuwatch.com

Sanjay Kumar Singh takes over as Director (Projects) of NHPC

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New Delhi : Sanjay Kumar Singh has taken over as Director (Projects) of NHPC Limited with effect from July 24. Prior to his appointment as Director (Projects) of NHPC, Singh held the position of Chief General Manager at SJVN Limited. : psuwatch.com

NLCIL undertakes mass tree plantation drive to commemorate vriksharopan abhiyan – 2024

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New Delhi : A novel Tree plantation programme initiative by the Ministry of Coal as part of Vriksharopan Abhiyan was celebrated by NLCIL in 14 places/sites in 5 Districts and involving 5 states (Tamil Nadu, Rajasthan, Odisha, Jharkhand and UP) today on 25.07.24. : psuconnect.in

REC Ltd to give Rs 10 cr for Mobile Medical Units under Doctor Aapke Dwaar

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New Delhi : REC Limited has signed a Memorandum of Agreement with the Indian Red Cross Society in the presence of Vivek Kumar Dewangan (IAS: 1993: MN), Chairman and Managing Director, V K Singh, Director (Projects), Harsh Baweja, Director (Finance) and other senior officials of REC. : psuconnect.in

ReNew Commissions 400 MW Solar Project In Jaisalmer, Rajasthan

New Delhi : ReNew Commissions 400 MW Solar Project In Jaisalmer, Rajasthan. : saurenergy.com

MNRE Office Gets LEED’s 4.1 Platinum ‘Green Building’ Certification

New Delhi : MNRE Office Gets LEED’s 4.1 Platinum ‘Green Building’ Certification. : saurenergy.com

Insolation Energy to add 3 GW solar panel, 1.4 GW cell capacity by March

New Delhi : Indian solar manufacturer Insolation Energy is expanding its solar panel production capacity to 4 GW per year with the addition of 3 GW lines. The new capacity addition will complete within the current fiscal 2024-25. : pv-magazine.com

Adani Green net profit for Q1 up 95% YoY

New Delhi : Adani Green Energy has announced financial results for the April-May-June quarter of the current fiscal 2024-25. The company’s consolidated net profit for the quarter is INR 629 crore, compared to INR 323 crore for the corresponding period in the last fiscal. : pv-magazine.com

Setting up 80 GW of coal-based power capacity will entail Rs 6.67-lakh-cr expenditure by FY32: Minister

New Delhi : India’s plans to add 80 GW of thermal power by 2031-32 will entail an expenditure of Rs 6.67 lakh crore, said Minister of State (MoS) for Power Shripad Yesso Naik on Thursday. : psuwatch.com

Private sector owns 52% of India’s total power generation capacity: Naik

New Delhi : The private sector owns over 52 percent of the total installed power generation capacity of 446 GW in the country, playing an important role in the sector, Minister of State (MoS) for Power Shripad Yesso Naik told the Lok Sabha on Thursday in a written response. : psuwatch.com


Oil and Gas

ONGC signs PML deed with Coal India for Coal Bed Methane Block

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New Delhi : India’s Maharatna Oil PSU ONGC has signed the first-ever Petroleum Mining Lease (PML) deed with Coal India for the Jharia Coal Bed Methane (CBM) block on 24 July 2024. : psuconnect.in

Oil India signs MoU with Numaligarh Refinery Ltd for railway connectivity

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New Delhi : State-owned Oil India Ltd and Numaligarh Refinery Ltd signed a MoU to establish railway connectivity for crude oil transfer by Railway wagon from Duliajan in case of any eventuality in the existing supply line, as there is no alternative to evacuate the crude oil. : psuconnect.in

OPEC receives compensation plans for overproduction from Iraq, Kazakhstan, Russia

New Delhi : The Organisation of the Petroleum Exporting Countries (OPEC) Secretariat said that it received compensation plans from Iraq, Kazakhstan, and Russia for their overproduced oil volumes in the first half of 2024. OPEC said in a statement that the combined overproduction from the three countries totalled 2.28 million barrels per day (bpd) during the period. : Sarkaritel.com

Aadhar-based authentication of LPG customers enables better targeting of beneficiaries under PAHAL and Ujjwala Schemes

New Delhi : Government provides deposit free LPG connection to adult woman of poor households under Pradhan Mantri Ujjwala Yojana (PMUY). Further, a targeted subsidy of ?300 per 14.2 kg cylinder (and proportionately pro-rated for 5 kg cylinders) for up to 12 refills of 14.2 Kg equivalent domestic LPG is being provided to all PMUY consumers. : Sarkaritel.com

India’s natural gas consumption jumps 7.1% in June 2024: PPAC

New Delhi : India’s natural gas consumption jumps 7.1% in June 2024: PPAC. : Economic Times

Servotech bags Rs 20 cr order from BPCL, other OEMs

New Delhi : Servotech bags Rs 20 cr order from BPCL, other OEMs. : Economic Times

Sugar industry body proposes bio-refinery transition plan to govt

New Delhi : Sugar industry body proposes bio-refinery transition plan to govt. : Economic Times

Delhi govt urges IGL, DMRC to open new PUCC centres at their sites

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New Delhi : Delhi govt urges IGL, DMRC to open new PUCC centres at their sites. : Economic Times

US Democrats launch bill holding oil firms accountable for any work with OPEC

New Delhi : US Democrats launch bill holding oil firms accountable for any work with OPEC. : Economic Times

Indraprastha Gas stock slumps 3% after Q1FY25 earnings; check details

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New Delhi : Shares of Indraprastha Gas Limited (IGL) fell by 3.42 per cent per share on the BSE in Thursday’s intraday trade. This came after the company on Wednesday reported a decline in its bottomline for the first quarter of financial year 2024-25 (Q1FY25). : Business Standard

CNG VEHICLES GROWN OVER PAST FEW YEARS: UNION MINISTER SURESH GOPI

New Delhi : Minister of State for Petroleum and Natural Gas Suresh Gopi has said that the total sales of CNG vehicles have increased over the past few years. He said the total number of vehicles using CNG registered till the 22nd of this month is over 72 lakh 10 thousand across the country. : globalgreenews.com

Govt Enhances LPG Benefit Delivery with Biometric Aadhaar Authentication for PMUY and PAHAL Beneficiaries

New Delhi : In a recent development aimed at improving the efficiency of benefit distribution, the government has mandated biometric Aadhaar authentication for beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) and the PAHAL scheme. : devdiscourse

Global Biofuels Alliance

New Delhi : The Global Biofuels Alliance (GBA) was launched by Prime Minister Narendra Modi along with the leaders of USA, Brazil, Italy, Argentina, Singapore, Bangladesh, Mauritius and UAE on 9th September 2023, on the sidelines of the G20 Summit in New Delhi, as Chair’s initiative. : Sarkaritel.com

Germany plans heavy reliance on hydrogen imports

New Delhi : Germany plans heavy reliance on hydrogen imports. : Economic Times

Refining and gas give TotalEnergies Q2 blues

New Delhi : Refining and gas give TotalEnergies Q2 blues. : Economic Times

EWE, Siemens Energy to build 280 MW green hydrogen electrolysis plant

New Delhi : EWE, Siemens Energy to build 280 MW green hydrogen electrolysis plant. : Economic Times

Philippine tanker carrying 1.4 mln litres of oil capsizes off Manila

New Delhi : Philippine tanker carrying 1.4 mln litres of oil capsizes off Manila. : Economic Times

Crude Oil Outlook July 25: WTI prices may test support at $75; MCX Rs 6,250

New Delhi : Crude oil prices settled higher by 0.8 per cent at $77.59 on Wednesday supported by the bullish inventory data showing decline in stockpiles across the products last week. : Business Standard

Delhi petrol dealers resume PUCC ops after 10-day closure over rate hike

New Delhi : The Delhi Petrol Dealers’ Association (DPDA) has announced the resumption of operations at pollution under control certificate (PUCC) centres, which had been closed since July 15 due to a dispute over increased certificate rates. : Business Standard

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