” Mumbai : NTPC Renewable Energy Ltd, a wholly owned subsidiary of NTPC Green Energy Limited, has signed Term Sheet with Greenko ZeroC Pvt Ltd (A Greenko Group Company) on 28th March, 2023 to Supply 1300 MW Round the Clock RE Power for powering Greenko’s upcoming Green Ammonia Plant at Kakinada, India.” :
Sarkaritel.com
” New Delhi : REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the NBFC Maharatna Company, a CPSU under the aegis of the Ministry of Power, handed over the project-specific SPV (Special Purpose Vehicle), formed for the construction of Transmission Project viz., ‘Khavda II-A Transmission Limited to M/s Adani Transmission Limited (ATL) on 28th March 2023.” :
Sarkaritel.com
” New Delhi : ‘PFC Consulting Limited’, a wholly owned subsidiary of Power Finance Corporation Limited, a Maharatna CPSE, has transferred three transmission projects (Special Purpose Vehicles) namely ‘BhadlaSikar Transmission Limited’,‘Dharamjaigarh Transmission Limited’& ‘Raipur Pool Dhamtari Transmission Limited’ to ‘Power Grid Corporation Of India Limited’, the successful bidder, on March 28, 2023.” :
Sarkaritel.com
” New Delhi : Power Grid Corporation of India Limited (POWERGRID) – a Maharatna CPSU under Ministry of Power, on 28th March 2023, acquired three Project Special Purpose Vehicles (SPVs) for various Transmission System Projects after competing with various private sector players and emerging as successful bidder in the Tariff Based Competitive Bidding process (TBCB) conducted by PFC Consulting Limited as per the Guidelines notified by Government of India.” :
Sarkaritel.com
PFC Consulting transfers three power transmission projects to Power Grid Corp
New Delhi : State-owned Power Finance Corporation arm PFC Consulting on Wednesday said it has transferred three special purpose vehicles, which were set up to implement different transmission projects, to Power Grid Corporation. : Economic Times
NTPC Renewable Energy to supply 1,300 MW clean power to Greenko
New Delhi : State-owned NTPC Renewable Energy will supply 1,300 MW round-the-clock clean power to Greenko’s upcoming green ammonia plant at Kakinada. NTPC Renewable Energy, a wholly-owned subsidiary of NTPC Green Energy, has signed a term sheet with Greenko ZeroC (A Greenko Group company) on March 28, 2023. : Economic Times
NTPC lit 9 out of 10 bulbs; Head of Project praised press personnel
New Delhi : NTPC lit 9 out of 10 bulbs; Head of Project praised press personnel. : psuconnect.in
PFC transfers three Transmission Projects (SPVs) to Powergrid
New Delhi : PFC transfers three Transmission Projects (SPVs) to Powergrid. : psuconnect.in
NTPC and Four States to transport part of their total domestic coal requirements using RSR route: Shri R. K. Singh
New Delhi : NTPC and Four States to transport part of their total domestic coal requirements using RSR r.oute: Shri R. K. Singh : psuconnect.in
NTPC Renewable Energy Limited signs Terms Sheet with Greenko Zero Pvt Ltd.
New Delhi : NTPC Renewable Energy Limited signs Terms Sheet with Greenko Zero Pvt Ltd.. : psuconnect.in
Rajib K Mishra takes over as CMD of PTC India
New Delhi : PTC India Ltd on Wednesday said Rajib K Mishra has taken over as its Chairman and Managing Director (CMD) with immediate effect. Prior to this, Mishra has worked as Executive Director PTC since October 2011 and was responsible for operations, business development, retail & advisory services, PTC India said in a statement. : Economic Times
UJVNL achieves target, generates over 5,000 mu power in 2022-23
Dehradun : Uttarakhand Jal Vidyut Nigam Limited (UJVNL) achieved its target of power generation for the financial year 2022-23 on March 25, by generating 5,390 million units (mu) of electricity during this period, said officials on Tuesday. : Economic Times
Government launches 7th round of coal mine auctions; offers 106 mines for commercial sale
New Delhi : Defence Minister Rajnath Singh on Wednesday launched the seventh round of auctions for commercial mining of coal blocks, putting 106 mines under the hammer.Of the total mines offered under the seventh round, 61 blocks are partially explored and 45 mines are fully explored. : Economic Times
Opinion: India’s grid strained by burgeoning power demand
London : India’s electricity transmission system is coming under increasing strain as booming power demand outstrips growth in despatchable generation. : Economic Times
Tata Power confident of avoiding power outages in Mumbai
Mumbai : Tata Power on Tuesday exuded confidence that the financial capital will be able to avoid a re-occurrence of an electricity outage courtesy of improved coordination between stakeholders and more investments in multiple areas, including cybersecurity. : Economic Times
ReNew repays USD 1 bn to offshore bondholders
New Delhi : ReNew Energy Global Plc (ReNew) on Tuesday said it has repaid more than USD 1 billion to its offshore bondholders in the current financial year. The amount repaid includes the recent amortisation of USD 180 million, ReNew said in a statement. : Economic Times
SL to sign a deal with India to shift to renewable energy for power generation
Columbo : Sri Lanka will sign a memorandum of understanding (MoU) with India to promote renewable energy as the Island nation aims to generate 70 per cent of its electricity requirements from renewable sources by 2030. : Economic Times
CFM ARC offers Rs 1,000 crore for troubled Vidarbha Power’s loans
Mumbai : A little-known stressed assets buyer has offered to pay about ₹1,000 crore to take over the debt of a troubled Anil Ambani group company, Vidarbha Industries Power. : Economic Times
Privatisation of power sector in Pondy will not affect consumers: Minister
New Delhi : Puducherry Home and Electricity Minister A Namassivayam on Wednesday allayed the fears of the elected members and also members of public that the government’s decision to privatise power sector would hit employees and consumers in the Union Territory. : Business Standard
20268 MU generated by GAs-Based Power stations during April-Jan in FY22-23
New Delhi : 20268 MU generated by GAs-Based Power stations during April-Jan in FY22-23. : psuconnect.in
SECI disbursed 8.9 billion to wind and solar energy developers in Feb 2023
New Delhi : SECI disbursed 8.9 billion to wind and solar energy developers in Feb 2023. : psuconnect.in
RECPDCL handed over SPV ‘Khavda II-A Transmission Limited’ to Adani Transmission
New Delhi : RECPDCL handed over SPV ‘Khavda II-A Transmission Limited’ to Adani Transmission. : psuconnect.in
India & Sri Lanka Build Momentum Further on Renewable Energy
New Delhi : India & Sri Lanka Build Momentum Further on Renewable Energy. : saurenergy.com
India to start coal export by 2025-26: Coal Minister Pralhad Joshi
New Delhi : Asserting that India has adequate coal reserves, Union Coal Minister Pralhad Joshi on Wednesday said the country will start exporting the dry fuel by 2025-26. From a net importer of coal, India is moving towards becoming a net exporter of non-coking coal, Joshi said on the sidelines of the seventh round of auctions for commercial mining of coal blocks in the national capital. : Economic Times
Floating offshore wind – India’s next renewable energy technology frontier
New Delhi : India’s exclusive economic zone (EEZ) is estimated to be more than 2.3 million square kilometres. As per the Territorial Waters, Continental Shelf, Exclusive Economic Zone, and Other Maritime Zones Act, 1976, India has sovereign rights for the purpose of producing energy from tides, winds, and currents. : Economic Times
First Solar says 3.4 GW Tamil Nadu solar manufacturing facility to be commissioned in 2nd half this year
New Delhi : American solar power technology company First Solar today announced its new solar modules manufacturing facility in Tamil Nadu, being set up with a capacity of 3.4 gigawatts (GW), is expected to be commissioned in the second half of this year. : Economic Times
Tata Power Solar receives Letter of Award to set up 300-MW project in Rajasthan
New Delhi : Tata Power Solar Systems, a wholly-owned subsidiary of Tata Power, on Wednesday said it has received the Letter of Award (LoA) of Rs 1,755 crore for setting up a 300-MW project project for NLC India (NLCIL) as part of the CPSU scheme. : Economic Times
Capacity charges to pvt plants: Apex court dismisses PSPCL’s petition
Patiala : The Supreme Court has dismissed the special leave petition (SLP) of Punjab State Power Corporation Limited (PSPCL) against the Punjab and Haryana high court’s orders for paying capacity charges to the state’s two private thermal power plants. : Economic Times
Tripura to set up ADB-funded 120 MW gas-based power plant
Agartala : The Tripura government would set up a 120 MW Combined Cycle Gas Turbine (CCGT) power plant funded by the Asian Development Bank (ADB), top officials said here on Tuesday. : Economic Times
Renewable energy investments – Fixing the climate crisis won’t be asset-light
New Delhi : It seems we are turning the corner, in paying attention to the climate crisis. After decades of dithering, the awareness and actions that are accelerating various efforts towards environmental sustainability are now quite high, with tailwinds from policy supporting this. More than $100 billion of funds have been raised for climate focused investments in the last two years alone. : Economic Times
Power consumption by industries may see 12% rise in 2 divs
Indore : Electricity consumption by industries in industrial areas across Indore and Ujjain divisions in financial year 2022-23 is seen jumping by around 12 per cent as against the last year due to new high tension (HT) connections. : Economic Times
Why insurance in renewable energy sector will see a massive uptick in 2023
New Delhi : India aims to reach net zero emissions by the year 2070 and to meet almost 50% of its energy requirements from Renewable energy sources by 2030. At present, India has around 175 GW of non-fossil fuel based clean energy capacity which includes about 63 GW of Solar, 43 GW of Wind energy, 10 GW of biomass power, about 5 GW of small hydro, 47 GW of large hydro and 7 GW of nuclear power capacity. : Economic Times
India could invest $25 billion in energy transition and clean energy over next decade: Report
New Delhi : The Indian energy transition landscape is expected to undergo a sea change over this decade with investments in emerging businesses that are working towards decarbonisation, and the sector provides a $25 billion annual investment opportunity for investors, according to a study. : Economic Times
Electricity Amendment Bill not to impact agriculture sector, says Power Minister
New Delhi : The Electricity (Amendment) Bill, 2022 covers amendments related to power sector and there is no amendment proposal related to agriculture sector, the Parliament was told on Tuesday. : Economic Times
RIL, ReNew, 9 others secure solar PLI sops
New Delhi : Reliance Industries Ltd, Tata Power Solar, and ReNew are among companies chosen to receive ₹14,007 crore worth of government incentives to encourage the local manufacturing of solar modules under its production-linked incentive scheme. : Mint
JSW Energy acquires 1,753 MW green assets of MEIPL for over Rs 10,000 crore
New Delhi : JSW Energy on Wednesday said it has completed the acquisition of 1,753 MW of renewable energy assets from Mytrah Energy (India) Private Limited (MEIPL) for over Rs 10,000 crore. : Business Standard
Tata Power Solar Systems bags 300 MW project worth Rs 1,755 cr from NLC
New Delhi : Tata Power Solar Systems Ltd (TPSSL) has bagged a 300 MW project worth Rs 1,755 crore from state-owned NLC Ltd. The company will also do the operation and maintenance of the project for 3 years after the commercial operation declaration. : Business Standard
An Investment of about Rs. 14.54 Lakh crore required for additional 210 GW during 2022-27: Power Minister
New Delhi : An Investment of about Rs. 14.54 Lakh crore required for additional 210 GW during 2022-27: Power Minister. : psuconnect.in
Goldi Solar Powers Up Asafwala War Memorial in Fazilka, Punjab
New Delhi : Goldi Solar Powers Up Asafwala War Memorial in Fazilka, Punjab. : saurenergy.com
Iberdrola to Supply Over 1 TWh Renewable Power to Amazon
New Delhi : Iberdrola to Supply Over 1 TWh Renewable Power to Amazon. : saurenergy.com
Daily News Wrap-Up: Reliance, Tata, ReNew Among Winners for Solar PLI II
New Delhi : The Solar Energy Corporation of India (SECI) has declared the winners eligible to receive a total of ₹139.4 billion (~$1.69 billion) under Tranche II of the performance-linked incentive (PLI) program to manufacture 39.6 GW of solar modules. : mercomindia.com
JSW Energy to Buy Mytrah’s 12 Renewable Assets Under Previously Agreed Deal
New Delhi : JSW Neo Energy, a wholly owned subsidiary of independent power producer JSW Energy, will acquire Mytrah Energy’s 12 special purpose vehicles (SPV) within the already agreed consideration. : mercomindia.com
Over 200,000 Farmers Have Benefitted from PM-KUSUM: Power Minister
New Delhi : The Minister of Power R.K. Singh told the Parliament that the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) program has benefited over 200,000 farmers as of February 28. : mercomindia.com
NTPC to Supply 1.3 GW of Renewable Power to Greenko’s Green Ammonia Plant
New Delhi : NTPC Renewable Energy said it would supply 1.3 GW of round-the-clock (RTC) renewable energy for powering Greenko’s upcoming green ammonia plant in Andhra Pradesh’s Kakinada. : mercomindia.com
India Needs ₹14.5 Trillion to Install 210 GW Renewable Capacity by 2027
New Delhi : India will need an investment of ₹14.5 trillion (~$176.6 billion) by 2027 to install a renewable generation capacity of 210 GW and a battery storage capacity of 8.6 GW/ 34.7 GWh to meet the country’s growing demand for electricity. : mercomindia.com
Power Ministry Seeks Comments on Draft Consumers Rights Amendment
New Delhi : The Ministry of Power has invited comments from the stakeholder on the draft Electricity (Rights of Consumers) Amendment Rules, 2023. The proposed rules seek to bring transparency and give more control to the consumers when dealing with power distribution companies. : mercomindia.com
Tata Power Solar Systems Bags 300 MW Solar Project for NLCIL for Rs 1,755 crore
New Delhi : Tata Power Solar Systems Bags 300 MW Solar Project for NLCIL for Rs 1,755 crore. : saurenergy.com
NTPC Renewable Energy Limited Signs Term Sheet with Greenko Subsidiary For RTC Power of 1300 MW Capacity
New Delhi : NTPC Renewable Energy Limited Signs Term Sheet with Greenko Subsidiary For RTC Power of 1300 MW Capacity. : saurenergy.com
ONGC to start oil production from KG block in May, gas in 2024
New Delhi : Oil and Natural Gas Corporation’s (ONGC) delayed Krishna Godavari basin KG-D5 project is likely to start crude oil production in May this year and gas output a year later, a senior company official said. ONGC was originally to start gas production from Cluster-II fields in block KG-DWN-98/2 (KG-D5) in June 2019 and the first oil was to flow in March 2020. : Economic Times
Compressed biogas emerges as sustainable alternative to fossil fuels
New Delhi : Compressed biogas, also known as CBG, is gaining popularity as a sustainable alternative to fossil fuels. CBG is produced by processing organic waste such as agricultural residue, municipal waste, and sewage sludge in a process called anaerobic digestion. : Economic Times
Oil firms halt or reduce output in Iraqi Kurdistan, further outages loom
New Delhi : At least three oil licenses in the semi-autonomous Kurdistan region of northern Iraq are shut in or running at reduced rates on Wednesday following a halt to the northern export pipeline, company statements showed, with more outages on the horizon. : Business Standard
Russia’s Rosneft signs deal to boost oil supplies to India
Moscow : Russia’s largest oil producer Rosneft and India’s top refiner Indian Oil Corp have signed a term agreement to substantially increase oil supplies and diversify oil grades delivered to India, Rosneft said on Wednesday. : Economic Times
PNGRB amends regulation to allow unified tariff for natural gas pipelines
New Delhi : The Petroleum and Natural Gas Regulatory Board (PNGRB), the downstream regulator, announced it has amended the PNGRB (Determination of Natural Gas Pipeline Tariff) regulations to incorporate provisions for Unified Tariff for natural gas pipelines with a mission of “One Nation, One Grid and One tariff”. : Economic Times
Leading investor group toughens stance on new upstream oil and gas projects
London : The Net Zero Asset Owner Alliance (NZAOA) said on Wednesday it expects members to make no new direct investments in upstream oil and gas infrastructure projects for new fields, as part of efforts to rein in global warming. : Economic Times
US could buy back oil for strategic reserve late this year
New Delhi : The US could start buying back crude oil for the Strategic Petroleum Reserve late this year after President Joe Biden last year directed the largest ever sale from the stockpile, Energy Secretary Jennifer Granholm said. : Economic Times
China completes first yuan-settled LNG trade
Beijling : Chinese national oil company CNOOC and France’s TotalEnergies have completed China’s first yuan-settled LNG trade through the Shanghai Petroleum and Natural Gas Exchange, the exchange said on Tuesday. : Economic Times
Meeting fails to finalise green H2 policy, officials to hold talks later this week
Jaipur : The meeting on finalising the green hydrogen policy on Tuesday remained inconclusive even though a year has passed since the process started. According to sources, another meeting will be held later in the week after which it is likely to go to the state Cabinet for approval. : Economic Times
PNRGB amends norms to allow unified tariff on natural gas pipelines 1
New Delhi : The Petroleum and Natural Gas Regulatory Board (PNGRB) has amended its regulations to allow unified tariff for natural gas pipelines. : Mint
Unified tariff structure for over a dozen gas pipelines to start from Apr 1
New Delhi : More than a dozen gas pipelines, which form the national gas grid, will come under a unified tariff structure from April 1, the Petroleum and Natural Gas Regulatory Board (PNGRB) said on Wednesday. : Business Standard
Saudi’s China refinery deal covers crude oil storage and petrochemical supplies
New Delhi : Saudi Aramco’s new refinery deal to buy a 10% stake in private Chinese chemical group Rongsheng Petrochemical includes agreements on crude oil storage in eastern China and the supply of plastics and petrochemicals to the Middle East energy giant. : Economic Times
Qatar takes stakes in two Exxon oil and gas projects offshore Canada
DOHA : QatarEnergy said on Wednesday it signed a deal for stakes in two of ExxonMobil’s offshore explorations in Canada as the Qatari state-owned firm builds up its global energy portfolio. : Business Standard
Gas retailing in Indian cities needs fewer but bigger players
New Delhi : Natural gas retailers in India, the world’s fourth-biggest LNG buyer, need consolidation to bring economies of scale, according to a top official of a gas supplier. : Economic Times
Chairman says Gazprom close to maximum gas supply to China
New Delhi : Russia’s Gazprom is increasing gas supplies to China and expects soon to reach the maximum planned level through a Siberian pipeline, its chairman said Wednesday, highlighting Beijing’s importance as his country’s top export market in the face of Western sanctions over its invasion of Ukraine. : Economic Times
EPA cites 2 oil and gas firms over Permian Basin pollution
New Delhi : Two Texas companies have resolved Clean Air Act violations with the Environmental Protection Agency by agreeing to reduce emissions of planet-warming methane and other harmful pollutants wafting from the nation’s largest oil and gas producing region. : Economic Times
Russia’s Rosneft signs deal to boost oil supplies to Indian Oil Corp
Moscow : Russia’s largest oil producer Rosneft and India’s top refiner Indian Oil Corp have signed a term agreement to substantially increase oil supplies and diversify oil grades delivered to India, Rosneft said on Wednesday. : Business Standard
