MEDIA UPDATE (JUNE 29, 2022)

Sarkaritel
By Sarkaritel June 29, 2022 06:37


29-Jun-2022

Power

” New Delhi : Abdul Latif Jameel Poverty Action Lab (J-PAL) South Asia, REC Limited (a public infrastructure finance company under the Ministry of Power, Government of India), and Energy Policy Institute at the University of Chicago (EPIC) partnered to organize a workshop on “Future of Smart Metering in India”.” : Sarkaritel.com

Foundation day Celebration of NTPC’s Rammam Hydroelectric Project

New Delhi : The foundation day of Rammam Hydroelectric Project was celebrated on 26th June, 2022. Back on this day in the year 2007, a historic agreement was signed between the Government of West Bengal and the Government of Sikkim in Kolkata, under which the foundation of the Rammam Hydroelectric Project was laid. : psuconnect.in

DVC Tender Invites Bids For 10 MW Solar Projects In Jharkhand

New Delhi : DVC Tender Invites Bids For 10 MW Solar Projects In Jharkhand. : saurenergy.com

‘Unimaginable’: Austria prepares to reopen coal power station

New Delhi : At the Mellach coal power plant in southern Austria, spider webs have taken over the conveyor belts, and plants and flowers have sprung up around the vast lot that once stored coal. : Economic Times

PTC India completes consulting assignment for HPCL

New Delhi : Power trading solution provider PTC India on Tuesday said it has completed a consulting assignment for HPCL for the latter’s Visakh Refinery Modernization Project. HPCL intends to expand the refining capacity from 8.5 mmtpa to 15 mmtpa under the project , a company statement said. : Economic Times

White House says companies investing $700 million to boost EV charger production

Washington : The White House said on Tuesday that companies are planning to invest more than $700 million to boost US manufacturing capacity for electric vehicle (EV) chargers – actions set to add at least 2,000 jobs and make charging more accessible and affordable. : Economic Times

IIT Guwahati develops method to mitigate Acid Mine Drainage in coal mines of northeast India

New Delhi : Researchers at the Indian Institute of Technology (IIT), Guwahati have developed a new method to mitigate Acid Mine Drainage in the coal mines of northeast India and have claimed it to be the first study to demonstrate bioremediation. : Economic Times

India’s rush to avoid blackouts leaving iron firms without coal

New Delhi : Sponge iron producers in India are raising concern fuel supply contracts won’t be renewed as the nation’s state-run coal miner continues to prioritize power plants in an effort to avoid blackouts. : Economic Times

NITI Aayog proposes regulatory framework for electric mobility

New Delhi : NITI Aayog has proposed a regulatory framework for electric mobility even as it forecasts electric two-wheelers sales in India to jump to 22.01 million by 2031 as against 0.23 million in 2021 if demand incentives continue beyond 2024 and battery cost reduces while the power goes up due to significant improvement in technology. : Economic Times

Panel recommends measures to improve Escoms’ efficiency

Bengaluru : Targeting revival of Electricity Supply Companies (Escoms) across Karnataka, a one-man committee headed by retired IAS officer G Gurucharan on Monday submitted its report to chief minister Basavaraj Bommai. : Economic Times

Haryana govt approves state EV policy, announces sops to manufacturers

Chandigarh : The Haryana government on Monday approved the State Electric Vehicle (EV) Policy 2022 offering several financial incentives to EV manufacturers. A decision in this regard was taken at a meeting of the state cabinet which met here under the chairmanship of Chief Minister Manohar Lal Khattar. : Economic Times

Gurugram’s power demand up 20 per cent this summer

Gurgoan, Haryana : Power demand in the city has increased by around 20 per cent this summer compared to the corresponding period last year. : Economic Times

Haryana Approves New EV Policy, Commits To 100% e-Mobility

New Delhi : Haryana Approves New EV Policy, Commits To 100% e-Mobility. : saurenergy.com

Apraava Energy Completes Solar Electrification Project In 14 Madhya Pradesh Villages

New Delhi : Apraava Energy Completes Solar Electrification Project In 14 Madhya Pradesh Villages. : saurenergy.com

Daily News Wrap-Up: AMPYR Solar and BELECTRIC to Install 200 MW Solar Projects in Germany

New Delhi : Daily News Wrap-Up: AMPYR Solar and BELECTRIC to Install 200 MW Solar Projects in Germany. : mercomindia.com

BIS Outlines Performance Standards for EV Batteries Amid Multiple Reports of EV Fires

New Delhi : BIS Outlines Performance Standards for EV Batteries Amid Multiple Reports of EV Fires. : mercomindia.com

Bids Invited for 3,500 Monocrystalline or Multicrystalline Solar Modules

New Delhi : Bids Invited for 3,500 Monocrystalline or Multicrystalline Solar Modules. : mercomindia.com

EU ministers set renewable energy target at 40 percent

New Delhi : EU energy ministers on Monday agreed to increase the share of European energy consumption coming from renewables such as solar or wind power to 40 percent by 2030. : Economic Times

Private investors betting on clean energy despite market selloff

New Delhi : Green technology companies have been hammered in the stock market, but private investors are still pouring cash into the sector. : Mint

India’s economic constraints and an energy holdback to be eased

New Delhi : High global oil prices have once again put the Indian economy under pressure. It is likely that India will end the current fiscal year with a balance of payments deficit of around $60 billion. : Mint

PYSE builds India’s first fractionally-owned solar power plant in Karnataka

New Delhi : An investment platform PYSE has launched India’s first fractionally-owned solar power plant in Karnataka. The platform helps retail investors to invest in sustainable projects that create social and environmental impacts from a ticket size as low as Rs 5,000. : Economic Times

Delhi clocks highest ever peak power demand at 7,601 MW

New Delhi : The unrelenting heat and humidity pushed Delhi to clock a peak power demand of 7,601 MW on Tuesday – the highest ever recorded in the national capital. Tuesday’s power demand broke the previous record of 7,409 MW recorded on July 2, 2019. : Economic Times

Opinion: Spot Australian thermal coal has surged, but contract price is key: Russell

New Delhi : The spot price of Australian thermal coal is higher than that of coking coal, an unprecedented situation that highlights just how the global market for the polluting fuel has been upended by Russia’s invasion of Ukraine. : Economic Times

Will continue to do what is best in interest of own energy security: India

New Delhi : Prime Minister Narendra Modi underlined at the G7 summit that energy security has become a very challenging issue in the wake of the Russia-Ukraine conflict and asserted that India would continue to do what it thinks is best in the interest of its own energy security when it comes to the question of global oil trade. : Economic Times

MSMEs require least investment to go green

New Delhi : Small and medium businesses are the top priority for Bureau of Energy Efficiency (BEE) as they require least investment for transition to cleaner forms of energy, a senior official said on Monday. : Economic Times

Haryana cabinet gives nod to supplementary PPA with Adani Power

Chandigarh : The Haryana Cabinet here on Monday gave approval regarding signing of a supplementary power purchase agreement with Adani Power Ltd, months after the power firm stopped supply of power due to rising prices of imported coal. : Economic Times

Huge market for clean energy technologies emerging in India: PM Modi

New Delhi : Prime Minister Narendra Modi on Monday said a huge market for clean energy technologies is emerging in India, calling G-7 countries to invest in research, innovation, and manufacturing in this field. : Economic Times

Government receives 38 bids for commercial mines’ auction

New Delhi : The coal ministry on Monday said that it has received a total of 38 bids during three rounds of commercial coal mines’ auctions. The online bids received as part of the auction process will be opened on Tuesday from 10 AM onwards in the presence of interested prospective bidders, coal ministry said in a statement. : Economic Times

India continuing to grapple with ‘severe and protracted power crisis’ after surge in coal prices

New Delhi : India is continuing to grapple with a “severe and protracted” power crisis after a sustained surge in global coal prices in late-2021 was further aggravated by Russia’s invasion of Ukraine in February, S&P Global Commodity Insights said. : Economic Times

Few takers for renewable energy certificates despite policy push

New Delhi : Despite a massive policy push for renewable energy, there is negligible participation of voluntary buyers for renewable energy certificates (REC). : Mint

Govt extends deadline for power manufacturing zone bids

New Delhi : Centre has extended the deadline for submission of bids for setting up a manufacturing zone for power and new and renewable energy on a pilot basis, till July 11. : Mint

Manipur Health Centers Solarized for Uninterrupted Power Supply

New Delhi : Manipur Health Centers Solarized for Uninterrupted Power Supply. : saurenergy.com

EnBW will acquire 800 MW solar projects in Germany

New Delhi : EnBW will acquire 800 MW solar projects in Germany. : saurenergy.com

Masdar To Begin Soon On 1 GW Solar Power Project In Iraq

New Delhi : Masdar To Begin Soon On 1 GW Solar Power Project In Iraq. : saurenergy.com

OX2 Looks To Construct 5.5 GW Offshore Wind Farm Off Sweden

New Delhi : OX2 Looks To Construct 5.5 GW Offshore Wind Farm Off Sweden. : saurenergy.com

Solis Seminar On The Importance of Using Photovoltaic Cables in Photovoltaic Systems

New Delhi : Solis Seminar On The Importance of Using Photovoltaic Cables in Photovoltaic Systems. : saurenergy.com

KPI Green Energy Completes Installation of 10 MWp

New Delhi : KPI Green Energy Completes Installation of 10 MWp. : saurenergy.com

EV Chargers’ Association Proposes A Black Box To Stop EV Battery Fires

New Delhi : EV Chargers’ Association Proposes A Black Box To Stop EV Battery Fires. : saurenergy.com

Philippines Awards 1.57 GW of Renewables Under its Green Energy Auction Program

New Delhi : Philippines Awards 1.57 GW of Renewables Under its Green Energy Auction Program. : mercomindia.com

Rajasthan High Court Upholds Government’s Land Allotment for a Solar Project

New Delhi : Rajasthan High Court Upholds Government’s Land Allotment for a Solar Project. : mercomindia.com

G7 needs to put real money for transition from coal to clean: Experts

Nagpur : The G7 summit being held in Germany began with the leading industrialized nations promising to work together to accelerate a clean and ‘Just Transition’ towards climate neutrality. : Economic Times

160 GWh Of Energy Storage Needed To Meet India’s 2030 RE Target: IESA

New Delhi : 160 GWh Of Energy Storage Needed To Meet India’s 2030 RE Target: IESA. : saurenergy.com

Intrakat Collaborates With Parkwind To Develop Offshore Wind Energy In Greece

New Delhi : Intrakat Collaborates With Parkwind To Develop Offshore Wind Energy In Greece. : saurenergy.com

Solar Power Cluster Of 1.5 GW Being Developed By Voltalia in Brazil

New Delhi : Solar Power Cluster Of 1.5 GW Being Developed By Voltalia in Brazil. : saurenergy.com


Oil and Gas

” New Delhi : Public enterprises selection board (PESB) selected Mr. Sandeep Kumar Gupta for the post of Chairman & Managing Director, GAIL (India) Limited June 28, Tuesday. Currently, Sandeep Kumar Gupta is serving as Director (Finance) in Indian Oil Corporation Ltd.” : psuconnect.in

Helicopter makes emergency landing near ONGC offshore rig, five survive

New Delhi : A helicopter carrying nine (9) persons on board, including two pilots made an emergency landing around 11.45 AM today on Arabian Sea, one nautical mile away from ONGC offshore rig Sagar Kiran. : Sarkaritel.com

4 ONGC staffers die as chopper plunges into Arabian Sea

New Delhi : Four people lost their lives after an ONGC helicopter made an emergency landing near a rig off the Mumbai coast in Arabian Sea. : Mint

In flood ravaged Silchar in Assam’s Barak valley, IndianOil is delivering LPG cylinders to household on boats

New Delhi : In flood-ravaged Silchar in Assam’s Barak valley NSE -2.28 %, IndianOil is delivering LPG cylinders to households on boats. : Economic Times

MRPL, Chennai Petro soar up to 8% as crude oil prices rebound

New Delhi : Shares of oil refiners logged strong gains, rallying around 8 per cent, in an otherwise weak market on the back of a rebound in crude oil prices. Meanwhile, the S&P BSE Sensex was down 0.6 per cent at 52,840. : Business Standard

Why Russian oil price cap is easier said than done

London : G7 leaders have agreed to study possible price caps on Russian oil and gas to try to limit Moscow’s ability to fund its invasion of Ukraine, G7 officials said on Tuesday. : Economic Times

Pawan Hans helicopter crashed in Arabian Sea; 3 ONGC employees dead

New Delhi : Pawan Hans Helicopter carried 7 passengers and 2 pilots made an emergency landing in the Arabian Sea today near ONGC rig Sagar Kiran in Mumbai High. : psuconnect.in

Global energy consumption topped pre-pandemic levels in 2021, says BP

London : Global energy consumption rose by 5.8 per cent in 2021, exceeding pre-pandemic levels as economies revved up activity, while strong growth in renewable energies chipped away at fossil fuel use, according to a benchmark report by BP. : Economic Times

G7 leaders agree to study Russian energy price caps

New Delhi : G7 leaders have agreed to study placing price caps on imports of Russian oil and gas to try to limit Moscow’s ability to fund its invasion of Ukraine, G7 officials said on Tuesday. : Economic Times

Oil climbs as major producer UAE says it has no spare capacity

New Delhi : Oil prices rose about 1 per cent in early Asian trade on Tuesday after the United Arab Emirates’ energy minister said the nation is producing near capacity, countering expectations that it could help boost supply in a tight market. : Economic Times

India needs 115 GW RE power, 50 bn litre demineralised water to meet 5 mn ton green hydrogen target by 2030

New Delhi : India will need 115 GW of renewable power generation capacity and 50 billion litres of demineralised water supply to achieve the goal of five million tonnes of green hydrogen by 2030, as per the EY India-SED Fund report. : Economic Times

PTC India completes consulting assignment for HPCL

New Delhi : Power trading solution provider PTC India on Tuesday said it has completed a consulting assignment for HPCL for the latter’s Visakh Refinery Modernization Project. HPCL intends to expand the refining capacity from 8.5 mmtpa to 15 mmtpa under the project , a company statement said. : Economic Times

Qatar Energy to cut emissions as methane movement grows

Dubai : The state-owned oil and gas company Qatar Energy said Monday it is joining a new industry-led initiative to reduce nearly all methane emissions from operations by 2030. : Economic Times

Sri Lanka electricity firm seeks 835 per cent price rise

New Delhi : Sri Lanka’s heavily loss-making state-run electricity monopoly asked for a shocking price rise of over 800 percent for its poorest customers with the bankrupt nation out of fuel, regulators said Monday. : Economic Times

Sri Lanka to liberalise fuel import and marketing: Energy Minister

Columbo : In the midst of the ongoing fuel crisis, the Sri Lankan Cabinet has approved a plan to liberalise the fuel imports and marketing operations, Energy Minister Kanchana Wijesekera said on Tuesday. Sri Lanka’s unprecedented economic crisis caused by forex shortages has led to a severe crisis in the energy sector. : Economic Times

Kazakh tycoon gives up stake in major oil trader

New Delhi : Kazakh billionaire businessman Timur Kulibayev has handed to the state energy company his stake of 49 per cent in Petrosun, a large oil and oil products trader controlled by China’s CNPC, Kazakh Deputy Prime Minister Roman Sklyar said on Tuesday. : Economic Times

Macron tells Biden that UAE, Saudi can barely raise oil output

New Delhi : Two top OPEC oil producers, Saudi Arabia and the United Arab Emirates, can barely increase oil production, French President Emmanuel Macron on Monday said he had been told by the UAE’s president. : Economic Times

Pune-based BiofuelCircle raises $0.75-mn in second round of funding

New Delhi : BiofuelCircle, a Pune-based digital platform for green fuels, on Tuesday said it has raised $0.75 million in their second round of seed funding led by Spectrum Impact, Better Capital, and others. : Economic Times

BMTC buses staring at impasse over fuel supply

Bengaluru : The Bangalore Metropolitan Transport Corporation or BMTC with a fleet of over 6,500 buses is looking at an impasse over fuel supply as oil firms have asked its retailers not to provide diesel in bulk to it, which is in violation of rules. : Mint

Qatar Energy to cut all emissions by 2030 as methane movement grows

New Delhi : The state-owned oil and gas company Qatar Energy said Monday it is joining a new industry-led initiative to reduce nearly all methane emissions from operations by 2030. : Business Standard

Oil rises 2%, extends gains as major producers flag capacity limits

New Delhi : il prices rallied for a third day on Tuesday as major producers Saudi Arabia and the United Arab Emirates looked unlikely to be able to boost output significantly while Western governments agreed to explore ways to cap the price of Russian oil. : Business Standard

The G-7 ponders capping oil prices to deny Russia revenues. How would it work?

New Delhi : Leaders of the Group of 7 major industrialized nations meeting in Germany, seeking a new way to throttle Russia’s finances while limiting the harm to Western economies, are discussing imposing a ceiling on the price paid for Russian oil. : Economic Times

OPEC boosts oil income in 2021, well completions drop

New Delhi : OPEC’s oil revenue surged in 2021 as prices and demand recovered from the worst of the COVID pandemic, while the number of its members’ active rigs posted a modest rebound and new completed wells declined, data from the group showed. : Economic Times

Sarkaritel
By Sarkaritel June 29, 2022 06:37