29-Mar-2024

Power

” New Delhi : Smt. Parminder Chopra, CMD, PFC, inaugurated the Arogya Kendra (Wellness Centre) – a new facility designed to cater to emergency needs and first aid.” : psuconnect.in

” New Delhi : NHPC Limited, India’s premier hydro power utility has secured Foreign Currency Loan of JPY 20.00 Billion from Japan Bank for International Cooperation (JBIC), Japan for implementation of renewable project including 300 MW Solar power Project, Bikaner being developed under CPSE 1000 MW Scheme.” : Sarkaritel.com

Kalpataru Projects International, arms bag orders worth Rs 2,071 crore

New Delhi : Kalpataru Projects International, arms bag orders worth Rs 2,071 crore. : Economic Times

REC Ltd. Board approves borrowing limit of Rs 1.6 lakh crore

New Delhi : The Board members of the State-owned REC Ltd on Wednesday approved an overall borrowing limit of Rs 1,60,000 crore for 2024-25. : psuconnect.in

BHEL bags Rs 4,000 cr order for 1600 MW thermal project from Adani Power

New Delhi : BHEL bags Rs 4,000 cr order for 1600 MW thermal project from Adani Power. : Economic Times

Coal India achieves 610.8-MT supply to power sector, tops annual target

New Delhi : Coal India Ltd (CIL) has surpassed its annual supply target of 610 million tonnes to the thermal power sector, achieving 610.8 MT till March 27, a company official said. “This marks the highest coal supply till date to the power sector,” he said. : Economic Times

NHPC inks pact with JBIC for JPY 20 bn loan

New Delhi : State-owned hydropower giant NHPC on Thursday said it has inked a loan agreement of JPY 20 billion (around Rs 1,100 crore) with Japan Bank for International Cooperation (JBIC) for developing a 300 MW solar project in Bikaner, Rajasthan. : psuwatch.com

Anil Kumar Jadli set to be next Director (HR) of NTPC

New Delhi : Anil Kumar Jadli is set to be next Director (Human Resource) of NTPC Limited. He has been recommended for the by the Public Enterprises Selection Board (PESB) panel on Wednesday. Presently, he is serving as Chief General Manager (HR) in the same organisation. : psuwatch.com

NHPC Ltd. to raise funds through issuance of Bonds worth Rs 6100 cr

New Delhi : According to the exchange filing made by the company, it is to inform that the Board of Directors of NHPC Limited in its meeting held on Wednesday, 27th March 2024. : psuconnect.in

BHEL received order from Adani Power Limited

New Delhi : The order has been received for the Supply of equipment (Boiler, Turbine, Generator) and supervision of Erection & Commissioning for a 2×800 MW power project based on supercritical technology at Raigarh Phase II, Chhattisgarh. : psuconnect.in

India added 20.8 GW solar module, 3.2 GW cell mfg capacity in 2023: Report

New Delhi : India added 20.8 GW solar module, 3.2 GW cell mfg capacity in 2023: Report. : Economic Times

CIL tops annual growth target, achieves 610.8 MT supply to power sector

Bihar Seeks Bids For 564 MW Solar Projects Under PM KUSUM

New Delhi : Bihar Seeks Bids For 564 MW Solar Projects Under PM KUSUM. : saurenergy.com

GUVNL Invokes Greenshoe Option For 880 MW Grid-Connected Solar Projects

New Delhi : GUVNL Invokes Greenshoe Option For 880 MW Grid-Connected Solar Projects. : saurenergy.com

India can easily surpass 500 GW RE target before 2030: Official

New Delhi : India can easily surpass 500 GW RE target before 2030: Official. : Economic Times

Adani Power consolidates Rs 19,700 crore loans availed by six arms into single long-term debt

New Delhi : Adani Power consolidates Rs 19,700 crore loans availed by six arms into single long-term debt. : Economic Times

India’s Smart Meter Programme to enable Rs 1.5 lakh cr investment in prepaid smart meters

New Delhi : India’s Smart Meter Programme to enable Rs 1.5 lakh cr investment in prepaid smart meters. : Economic Times

Australia to create $653 mln fund to expand solar panel manufacturing

New Delhi : Australia to create $653 mln fund to expand solar panel manufacturing. : Economic Times

Torrent Power gets letter of award to supply 150 MW renewable energy

New Delhi : Torrent Power on Thursday said it has received a letter of award from its ‘Distribution Unit’ for setting up a 150MW wind solar hybrid project with an investment of Rs 1,825 crore. The renewable energy project will supply power at a tariff of Rs 3.65 per kWh, a BSE filing stated. : Economic Times

Adani Power subsidiary enters into PPA with Reliance Industries

New Delhi : Reliance Industries on Thursday said it has entered into a 20-year long-term Power Purchase Agreement (PPA) for 500 MW with Mahan Energen (MEL), a wholly owned subsidiary of Adani Power Ltd (APL). : Economic Times

CIL supplies record coal to power sector this fiscal

New Delhi : State-run Coal India Ltd (CIL) has supplied a record 610.8 million tonnes of coal to the power sector this fiscal (FY24) so far, 5% higher than 581.5 million tonnes during the same period of the last fiscal. : Mint

Torrent Power gets order to supply 150 MW renewable energy for Rs 1,825 cr

IREDA Board approves proposal of Rs 24,200 crore borrowing for FY25

New Delhi : State-owned Indian Renewable Energy Development Agency Ltd’s (IREDA) board on Thursday approved a proposal of Rs 24,200 crore borrowing for 2024-25. : Business Standard

Adani Power enters into 20-year PPA with Reliance Industries

New Delhi : Adani Power’s wholly-owned subsidiary Mahan Energen Limited (MEL), which recently bagged a big coal block in Chhattisgarh for commercial coal mining, has entered into a 20-year, long-term Power Purchase Agreement (PPA) with Reliance Industries Limited (RIL). : psuwatch.com

Adani Green Operationalizes 180 MW Solar Power Plant In Rajasthan

New Delhi : Adani Green Energy Limited (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, has commissioned a 180 MW solar power plant at Devikot in Jaisalmer, Rajasthan. The plant has a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI). : psuconnect.in

10 MW Floating Solar on Bihar’s Durgawati Dam Reservoir-Bids Invited

New Delhi : 10 MW Floating Solar on Bihar’s Durgawati Dam Reservoir-Bids Invited. : saurenergy.com

MERC Relief For Wind Energy Generator In Maharashtra

New Delhi : MERC Relief For Wind Energy Generator In Maharashtra. : saurenergy.com

Luminous Moves Forward On Solar Panel Mfg. With 250 MW Panel Plant

New Delhi : Luminous Moves Forward On Solar Panel Mfg. With 250 MW Panel Plant. : saurenergy.com

Adani Energy in talks with banks to borrow up to $600 million

New Delhi : Adani Energy Solutions Ltd. is seeking a credit facility for as much as $600 million to fund smart meter projects for electricity supply, according to people familiar with the matter. : Economic Times

Ambani-Adani strategic collaboration: Reliance to acquire 26% stake in 600MW Mahan Energen power unit for Rs 50 crore

New Delhi : Reliance Industries (RIL) and Adani Power have signed a 20-year power purchase agreement for 500 MW, marking a rare, strategic collaboration between conglomerates led by two of the country’s wealthiest men. : Economic Times

First Ambani-Adani pact: RIL picks 26% stake in Adani Power’s MP project; deal pegged at ?50 crore between rival firms

New Delhi : In the first collaboration between rival billionaires, Mukesh Ambani’s Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh power project of Gautam Adani, and signed a pact to use the plants’ 500 MW of electricity for captive use. : Mint

Reliance Industries invests in Mahan Energen, a wholly-owned subsidiary of Adani Power

New Delhi : An investment agreement has been entered into among Mahan Energen Limited (MEL), a wholly owned subsidiary of Adani Power Limited (APL), Reliance Industries Limited (RIL) and APL, in terms of which RIL has agreed to subscribe and MEL has agreed to allot 5 crore equity shares with face value of Rs 10 each to RIL at par. : Sarkaritel.com

Oil and Gas

Chennai refinery expansion cost goes up over Rs 3,600 crore

New Delhi : State-owned Indian Oil Corporation (IOC) on Thursday said it will raise its stake in the joint venture building a 9 million tonnes refinery at Chennai to 75 per cent after the cost to the project escalated by over 12 per cent. : Economic Times

PTC India gets shareholders’ nod to sell 100% stake in energy arm to ONGC

New Delhi : Power trading solutions provider PTC India on Thursday received shareholders approval for selling 100 per cent equity stake in its arm PTC Energy to state-owned ONGC Ltd for an enterprise value of Rs 2,021 crore. : Business Standard

Zetwerk bags order from Indian Oil to set up over 1,400 EV fast chargers

New Delhi : Manufacturing unicorn Zetwerk on Thursday said it has bagged the largest order from India Oil Corporation to set up over 1,400 fast chargers for electric vehicles across the country. : Business Standard

Chennai refinery expansion cost goes up over Rs 3,600 crore

New Delhi : Indian Oil Corporation Limited (IOCL) on Thursday said it will raise its stake in the joint venture building a 9 million tonnes refinery at Chennai to 75 percent after the cost to the project escalated by over 12 percent. : psuwatch.com

Oil prices tick higher amid supply concerns

New Delhi : Global crude oil prices traded higher on Thursday, fuelled by ongoing supply concerns amid speculation that OPEC and its allies, including Russia, will maintain oil production cuts until a crucial meeting in June. : Mint

Numaligarh Refinery partnered with Assam Gas Company Limited

New Delhi : Yet another Landmark Moment. Numaligarh Refinery Limited has partnered with Assam Gas Company Limited by Signing of Sales Purchase Agreement on 27th of March 2024 at Corporate office of NRL. : psuconnect.in

Oil rises over $1 on tighter supply, stays on track for 3rd monthly gain ahead of OPEC decision; Brent hits $87

New Delhi : International crude oil prices rebounded and rose by more than $1 per barrel on Thursday, March 28, after falling for two consecutive sessions ahead of the policy decision by the Organisation of Petroleum Exporting Countries (OPEC). : Mint

Why Gasoline Prices are Rising Faster Than Usual This Year

New Delhi : Why Gasoline Prices are Rising Faster Than Usual This Year. : Mint

Petrol, Diesel Fresh Prices Announced On March 28: Know Fuel Rates In Your City

New Delhi : Petrol and Diesel Prices Today On March 28, 2024: Oil companies have updated the new prices of petrol and diesel (Latest Petrol Diesel Rates 28 March) in metro cities and other cities on Thursday, March 28. Fresh rates of petrol and diesel are released every day at 6 am in the country. : news18.com

Haldia Petrochemicals seeks local Indian naphtha supplies amid Red Sea disruption: CEO

New Delhi : Haldia Petrochemicals seeks local Indian naphtha supplies amid Red Sea disruption: CEO. : Economic Times

Diesel exports plunge 25% to $20 billion as global prices soften

New Delhi : India’s diesel exports fell 25% year-on-year in the first 11 months of this financial year to $20 billion as prices in the international markets softened. : Economic Times

Petrol And Diesel Price Rises In Bhubaneswar On Thursday; Check Rates Here

Bhubaneswar : The petrol and diesel prices have increased in the capital city of Bhubaneswar today, on Thursday, March 28, 2024. the price of petrol was recorded at Rs 101.06 per litre, while diesel cost was recorded at Rs 92.64 per litre. : kalingatv.com