MEDIA UPDATE (May 16, 2022)

By Sarkaritel May 16, 2022 06:44


“New Delhi : A total of 7 students from Disha classes run by NTPC Bongaigaon employees free of cost through its e-VOICE initiative “Helping Hands” have cracked the Assam Police Exam 2022 in the Constable category.” :


REC records its highest annual profit at ₹10,046 Crores

New Delhi : The Board of Directors of REC Limited approved the audited standalone and consolidated financial results for Q4 & 12M FY22. :

Punjab power minister reviews coal and power arrangements ahead of paddy sowing season

Chandigarh : Punjab power minister Harbhajan Singh on Friday reviewed the arrangements of coal and power ahead of the paddy sowing season in the state. He directed the Punjab State Power Corporation Limited (PSPCL) to generate maximum electricity from all sources and ensure regular supply during the season. : Economic Times

POWERGRID Infrastructure Investment Trust (PGInvIT) completes one year of listing

New Delhi : POWERGRID Infrastructure Investment Trust (‘PGInvIT’) (NSE: PGINVIT; BSE: 543290), India’s first Infrastructure Investment Trust by a Maharatna CPSE, Power Grid Corporation of India Limited (‘POWERGRID’) (NSE: POWERGRID; BSE: 532898), completed one year of listing, on May 14, 2022, with excellent performance. :

Delhi govt approves induction of 1,500 low-floor electric buses in its public transportation fleet

New Delhi : The Delhi government on Friday approved the induction of 1,500 low-floor electric buses in its public transportation fleet, an official statement said. The Delhi Transport Corporation (DTC) also decided to allocate 10 sites to various agencies for setting up Electric Vehicle (EV) charging stations and battery awapping stations under Delhi EV Policy 2020, it said. : Economic Times

NTPC’s 20 MW solar capacity at Kawas begins commercial operation

New Delhi : State-owned power giant NTPC on Saturday announced the beginning of commercial operation of the first part capacity of 20 MW out of 56 MW Kawas Solar PV Project in Gujarat. : Economic Times

PSU banks agree to back stressed power companies

New Delhi : Government-owned banks have agreed to finance distressed power companies undergoing insolvency proceedings after being nudged by the finance ministry, in order to help boost electricity supplies, said two people aware of the development. : Economic Times

REC Q4-12M FY22 Results: Records highest annual profit at 10,046 Cr

New Delhi : Owing to the corporation’s sound income, effective cost management, and resultant quarterly profit, the Earnings Per Share for the year ended 31st March 2022 increased to 50.87 against 42.34 per share as of 31st March 2021. :

PMI Electro to set up commercial EV manufacturing plant in Maharashtra

Mumbai : Electric bus maker PMI Electro on Friday announced the setting up of its largest commercial EV manufacturing plant having annual production capacity of 2,500 vehicles at Chakan in Maharashtra. : Economic Times

NTPC Bongaigaon’s E-VOICE gives employment wings to nearby youth

New Delhi : A total of 7 students from Disha classes run by NTPC Bongaigaon employees free of cost through its e-VOICE initiative “Helping Hands” have cracked the Assam Police Exam 2022 in the Constable category. :

Global wind power expansion raising demand-supply imbalance for rare earth elements: IRENA

New Delhi : The global expansion of wind power is raising the prospects of growing imbalances in supply and demand for some rare earth elements (REEs), according to a recent report by the The International Renewable Energy Agency’s (IRENA). : Economic Times

Bhagwant Khuba invites global investors to tap opportunities in India’s renewable energy space

New Delhi : Union Minister of State for New and Renewable Energy Bhagwant Khuba has invited global investors to invest in India’s clean energy industry, stressing that projects worth around USD 196.98 billion are underway in the sector. : Economic Times

Power crisis deepens in Punjab; 6 units of 5 thermal plants shut

New Delhi : Amid the shortage of coal, power crisis has further deepened in Punjab. As per information, three units of Guru Hargobind Thermal Plant, Lehra Mohabbat, have been closed. A unit of Ropar thermal power plant is also shut. :

Karnataka Energy Minister asks manufacturers to make electric vehicles affordable

New Delhi : Electric vehicles are gaining popularity all across the world and things are not different in India either. There are more manufacturers venturing into the electric vehicle space. :

NATIONAL Adequate Power Available In State As Per Demand: CM Chouhan

New Delhi : Chief Minister Shri Shivraj Singh Chouhan has said that there is sufficient availability of electricity in the state as per the demand. He said that the supply of energy should be ensured according to the consumption of electricity. :

J&K Govt working towards doubling power generation capacity in 3 years

New Delhi : To make Jammu and Kashmir power surplus in the next four years, Power Development Department is working earnestly towards doubling electricity generation capacity in the Union Territory in three years. :

Patel Engineering bags new order of Rs 2,461 cr from Chenab Valley Power Projects in J-K

New Delhi : Patel Engineering, a 73-year premier civil construction company specialized in the hydropower sector, today announced that it has bagged a Rs 2,461 crore contract for the works of “Construction of Diversion Tunnel, Concrete Gravity Dam, Intake, Pressure Shafts, Underground Power House & Tailrace Tunnel (Lot 1) for Kwar HE Projects in Kishtwar district of Jammu and Kashmir (J-K). :

Punjab witnesses up to 65% jump in power demand

Patiala : The continuous rise in temperature this year has increased the power demand in the state, especially in the domestic urban sector. In comparison to last year, the state has witnessed a rise in demand of power up to 65% while the PSPCL has supplied up to 70% more power to domestic urban consumers in the state this year. : Times of India

Vivek Kumar Dewangen, IAS appointed CMD REC Limited

New Delhi : The Appointments Committee of the Cabinet (ACC) has approved Vivek Kumar Dewangen, IAS (MN:93), Additional Secretary, Ministry of Power as Chairman & Managing Director, REC Ltd., Ministry of Power in the rank and pay of Additional Secretary to the Government of India. :

Punjab uses 65 per cent more power than last year

Patiala : The continuous rise in temperature this year has increased the power demand in the state, especially in the domestic urban sector. In comparison to last year, Punjab has witnessed a rise in demand of power up to 65 per cent while the PSPCL has supplied up to 70 per cent more power to domestic urban consumers this year. : Economic Times

Transparent coal block auction has yielded ₹7L crore so far: Ahir

Nagpur : Former Union minister and senior BJP leader Hansraj Ahir said that the ‘transparent’ auction of coal blocks has already added Rs 7 lakh crore to the Central government treasury. : Economic Times

Gencos may face action over low coal stock

New Delhi : Power regulator Central Electricity Regulatory Commission (CERC) has proposed a reduction in the tariffs of electricity from plants that do not maintain adequate coal stocks. : Economic Times

Power consumption creates record due to high cooling load

Indore : As the maximum temperature is only getting higher with sun showing no mercy and Indore is sizzling at 43 degree Celcius, the city in last 24 hours made a new record of reporting power consumption of 1.24 Crore units mainly to run fans/coolers/ACs. : Economic Times

SJVN Chairman met Energy Minister Nepal, Pampa Bhusal

New Delhi : Chairman & Managing Director, SJVN Limited Sh Nand Lal Sharma on Saturday met the Hon’ble Energy Minister of Nepal, Ms. Pampa Bhusal at Kathmandu. Sh. Sharma apprised her of the progress and measures being taken by SJVN for timely commissioning of the Project. :

Russia suspends electricity to Finland: Finnish grid operator

New Delhi : Russia suspended electricity supplies to Finland overnight after its energy firm RAO Nordic threatened to cut off supplies over payment arrears, an official for Finland’s grid operator told AFP on Saturday. : Economic Times

Power Producer SJVN announced financial closure for 70-MW solar project in Gujarat

New Delhi : Satluj Jal Vidyut Nigam (SJVN), an Indian public sector undertaking involved in hydroelectric power generation and transmission announced its financial closure for a 70-MW solar project in Gujarat. :

Reliance Power posts Rs 555 cr loss in March quarter

New Delhi : Reliance Power on Friday reported a consolidated loss of Rs 555.18 crore for the March quarter, mainly due to higher expenses. The company had clocked a consolidated net profit of Rs 72.56 crore in the quarter ended March 31, 2021, as per a BSE filing. : Economic Times

PowerGrid acquired SPV Khetri Narela Transmission Limited

New Delhi : Aafter emerging successful in the Tariff Based Competitive Bidding (TBCB) conducted as per the guidelines notified by the Government of India. :

Bengaluru-based startup Pravaig to supply batteries for European forces

New Delhi : Made in India tactical batteries will power equipment used by European combat forces as Benguluru-based startup Pravaig has won an order to supply compact energy storages, the company said in a statement. : Economic Times

NTPC announced commercial operation of 1st part of 56 MW Kawas Solar PV Project

New Delhi : NTPC declares the Commercial Operation of the first part capacity of 20 MW out of 56 MW Kawas Solar PV Project on 14.05.2022. With this, the standalone installed and commercial capacity of NTPC has become 54616.68 MW. :

Maharashtra: Father-son duo steal ₹5.93 crore of electricity

New Delhi : In Maharashtra’s Thane district a father-son duo has been booked for alleged electricity theft of ₹5.93 crore, an official said on Friday. : Mint

Electric vehicle owners told to get separate power connection, violators to be penalised

Bhopal : As per the release, under sub-section 2 of Section 135 of the Electricity Act, 2003, action will be taken by seizing the e-rickshaw/vehicle and related equipment for charging if such vehicles are charged through electricity connections meant for domestic, agricultural or other purposes. : Free Press Journal

Uninterrupted power supply to consumers, says Punjab power minister

New Delhi : Punjab Power Minister Harbhajan Singh on Saturday said notwithstanding unprecedented power demand, the power utility PSPCL is supplying uninterrupted power to all sections of consumers in the state. : devdiscourse

Free power for SC/ST families nearly doubled

New Delhi : In a move to secure another major vote bank, the Karnataka government on Friday announced that all scheduled caste and scheduled tribe (SC/ST) families will be given around 75 units of free power, raising the bar from the 40 units it was before. : Hindustan Times

India’s energy shortage decreased in the midst of a record heatwave. Here’s how

New Delhi : Power outages, sometimes frequent ones in certain pockets, may still be a reality even as parts of northwest and central India are in the midst of a record heatwave. : India Today

Railways-coal sector rift continues amid ongoing power crisis in India

New Delhi : Despite the continuing power crisis in north India, the Indian Railways has failed to meet the demand for rakes for the transportation of coal during the first week of May, say sources. In the first seven days of May, Coal India Ltd needed 290 rakes per day to meet the demand from the power sector. : Business Standard


Oil and Gas

EU Commission stands by its guidance on payments for Russian gas

New Delhi : The European Commission stands by its previous guidance on how EU companies can pay for Russian gas without breaking sanctions on Russia and is in contact with EU governments to provide more explanations if needed, a Commission spokesman said on Friday. : Economic Times

IGL price hike in Delhi: CNG to cost ₹71.61/kg, piped cooking gas ₹45.86

New Delhi : The increase in CNG prices follows a ₹10 per litre hike in petrol and diesel prices in 16 days and a ₹50 per cylinder raise in the cooking gas LPG rates. The new rates will be effective from May 15. : Hindustan Times

CNG price hiked by Rs 2 per kg in Delhi-NCR with effect from today

New Delhi : The Indraprastha Gas Limited (IGL) has hiked the price of Compressed Natural Gas (CNG) by Rs 2 per kg in Delhi-NCR, with effect from Sunday at 6 am. : Economic Times

CNG price increases in Delhi, Noida, Gurugram today. Check latest rates

New Delhi : The Indraprastha Gas Limited (IGL) has hiked the price of Compressed Natural Gas (CNG) by ₹2 per kg in Delhi, Noida and Gurugram, with effect from Sunday at 6 am. : Economic Times

India’s import of crude oil touches record high in April

New Delhi : India’s crude oil imports in April hit a record high as refiners turned to West Asia and Russia. According to S&P Global Market Intelligence, India’s seaborne crude import surpassed 4.8 million barrels per day in April, out of which 5% was from Russia, up from below 1% in 2021 and Q1 2022. : Mint

Aramco’s profits surge 80% in Q1 as company cashes in on global volatility

New Delhi : Oil giant Saudi Aramco said Sunday its profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and soaring oil prices following Russia’s invasion of Ukraine. : Business Standard

Petrol Price Today in Mumbai Over Rs 120 Per Litre; See Fuel Prices in Your City

New Delhi : Petrol and diesel prices remain steady for more than a month on Saturday, May 14. The fuel prices have been untouched for 37 days now. The Oil Marketing Companies (OMCs) hiked the fuel prices in the country by Rs 10 per the last time amid the increases that took place between March and April 6. :

Crude oil jumps 4% as US gasoline prices touch record high

New Delhi : Oil prices rose about 4% on Friday as U.S. gasoline prices jumped to a record high, China looked ready to ease pandemic restrictions and investors worried supplies will tighten if the European Union bans Russian oil. : Zeebiz

Ashok Das recommended as Director (HR), Oil India Ltd

New Delhi : Public Enterprises Selection Board (PESB) on May 13, 2022, Friday recommended Ashok Das for the Director (Human Resources), Oil India Ltd. Currently, he is serving as the Executive Director (HRD) in the same company. :

Vertex Hydrogen appoints Joe Seifert as CEO

New Delhi : Vertex Hydrogen Ltd, a joint venture between Essar and Progressive Energy that is driving the UK’s low carbon transformation, on Friday announced the appointment of Joe Seifert as its Chief Executive Officer. Seifert will also join Vertex’s board of directors, a company statement said. : Economic Times

Petronet in talks with Qatar for LNG deal renewal amid turbulent markets

New Delhi : India’s Petronet LNG has begun talks with Qatar to renew a multi-year gas deal despite market “turbulence”, making new long-term contracts difficult as sanctions on Russian fuel have squeezed an already tightly supplied market. :

Assam CM Himanta Biswa Sarma discusses piped LPG possibility with Adani Group

New Delhi : Assam Chief Minister Himanta Biswa Sarma discussed Adani Group possibility of piped LPG connection in Assam. Himanta tweeted, “Held a meeting with representatives of Adani Group to discuss issues related to its already existing & proposed investments in our State. : Economic Times

Plans for doorstep diesel delivery signal the severity of India’s power crisis

New Delhi : Doorstep diesel delivery startup Humsafar is having a great year. This fiscal alone, it plans to ramp up its doorstep diesel delivery business from 100 to over 200 cities. : Mint

Saudi Aramco profit soars 82% on high oil prices in first quarter

New Delhi : Saudi Aramco posted its highest profit since its record stock-market listing, after oil prices surged in the wake of Russia’s invasion of Ukraine. : Business Standard

FuelBuddy launches doorstep fuel delivery services in Northeast India

New Delhi : India’s first and largest legal doorstep fuel delivery service provider, FuelBuddy, recently launched its services in the North-Eastern part of India. :

Green hydrogen not yet the answer

New Delhi : In his inaugural address at the World Sustainable Development Summit organised by The World Energy and Resources Institute (TERI) a few months ago, Prime Minister Narendra Modi expressed concern about developing countries’ inability to take extensive. : Deccan Chronicle

Fuel pumps close early in Hyderabad

Hyderabad : Diesel and petrol bunks in the city, especially HPCL dealers, have been subject to supply shortage ostensibly because of fluctuating prices in the international market. : Deccan Chronicle

By Sarkaritel May 16, 2022 06:44