MEDIA UPDATE (May 23, 2022)

By Sarkaritel May 23, 2022 06:53



” New Delhi : Power Cup 2022, a T-20 cricket tournament hosted by NHPC is being organized from 22nd May to 12th June 2022 amongst teams from various power sector CPSUs under Ministry of Power/ MNRE. Alok Kumar, Secretary (Power), Govt. of India inaugurated ‘Power Cup 2022’ at NMAKP Sports Complex, Jamia, New Delhi on 22.05.22 in the presence of A.K. Singh, CMD, NHPC, Sanjay Srivastava, Chairman, BBMB, P.K. Das, CMD, IREDA, A.K. Mishra, CEO, EESL, R.P. Goyal, Director (Finance), NHPC and other senior officers from participating organizations. ” :

POWERGRID posts Profit After Tax (PAT) of ₹16,824 crore, Total Income ₹42,698 crore for FY22

Gurgoan, Haryana : Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Company under Ministry of Power, Government of India, has announced a PAT of ₹4,156 crore for Q4FY22 on a consolidated basis which is 18% increase over Q4FY21. :

State governments, power companies seek coal imports aggregator

New Delhi : State governments and developers of power projects have asked the Centre if coal can be imported through an aggregating agency – possibly Coal India (CIL) – for ease of purchase, cost pass-through, better prices, and faster execution. : Economic Times

NHPC in talks with states for ₹62.4k cr storage plants push

New Delhi : State-run NHPC Ltd plans to set up 20.8 GW of pumped storage plants at an investment of around ₹62,400 crore in Maharashtra, Andhra Pradesh, Odisha, Jammu & Kashmir, Jharkhand and Mizoram to aid the country’s energy transition, according to the top executive at India’s largest hydropower firm. : Mint

Power generation doubles in May on imported coal blending

New Delhi : Power generation by domestic coal-based plants that blended imported dry fuel has more than doubled to 143 million units (MU) per day in May compared to 66 MU in the same month a year ago, according to official data. : Economic Times

Orient Green Power loss narrows to Rs 32.35 cr in Mar qtr

New Delhi : Orient Green Power Company Ltd (OGPL) consolidated net loss narrowed to Rs 32.35 crore in the March quarter, mainly on the back of higher revenues. The company had reported a consolidated net loss of Rs 42.64 crore in the year-ago quarter, according to a BSE filing. : Economic Times

Power Grid’s Q4 net rises 18% to Rs 4,156 cr, declares interim dividend

New Delhi : State-owned Power Grid Corporation of India Ltd on Saturday posted about 18 per cent rise in its consolidated net profit at Rs 4,156.44 crore for the March 2022 quarter, backed by higher income. : Business Standard

Rajasthan seeks Chhattisgarh aid to start coal mining for power plants

Jaipur : Rajasthan has sought intervention of the Chhattisgarh government for an early start of coal mining to help fuel supplies for its electricity-generating projects at a time when the state is facing power crisis : Economic Times

NHPC in talks with states for ₹62.4k cr storage plants push

New Delhi : State-run NHPC Ltd plans to set up 20.8 GW of pumped storage plants at an investment of around ₹62,400 crore in Maharashtra, Andhra Pradesh, Odisha, Jammu & Kashmir, Jharkhand and Mizoram to aid the country’s energy transition, according to the top executive at India’s largest hydropower firm. : Mint

OPINION: Lessons India must learn from the power crisis it is facing

New Delhi : Climate change is resulting in heat waves sweeping across India pushing India’s energy demand to new peaks. In addition, the post COVID resurgence in economic activities has been causing a spurt in energy demand. : Economic Times

Coal India production slower than the captive mines, shows govt data

New Delhi : Coal production by Coal India (CIL) has grown slower than the captive mines, awarded over the last six years. During 2020-22, production from the captive mines jumped by 38.5 per cent while CIL saw a tepid growth of 3.4 per cent, according to government data. : Business Standard

China’s coal imports from Russia nearly double amid Ukraine crisis

Beijling : China’s coal imports from Russia nearly doubled between March and April, reaching 4.42 million metric tons, media reports said. : Economic Times

Delhi’s peak power demand clocks 7,070 MW, highest ever in May

New Delhi : The sizzling heat pushed the peak power demand in Delhi to 7,070 MW, the highest ever in May, late on Thursday night, discom officials said. “This is also only the fourth year in Delhi’s history when the peak power demand has breached the 7,000 MW,” said a discom official on Friday. : Economic Times

TN to start Climate Smart Villages as part of Climate Change mission

Chennai : The state of Tamil Nadu will focus on creating Climate Smart Villages in 2022-23 financial year as part of its Climate Change Mission. The idea of the mission is to understand the challenges and vulnerability faced by the village communities during climate change. : Economic Times

BRICS countries may explore cooperation in solar energy, climate resilience: India

New Delhi : Union Environment Minister Bhupender Yadav on Friday suggested BRICS countries to explore cooperation in areas of solar energy, industry transition, infrastructure and climate resilience. The minister participated in the 8th BRICS Environment Ministers Meeting held virtually under the presidency of China. : Economic Times

Sweden gives go-ahead for offshore windpark to power 500,000 homes

New Delhi : Sweden’s government said on Thursday it had given state-owned utility Vattenfall a renewed and expanded license to build a windpark off the southern coast of Sweden which will produce enough power for around 500,000 homes each year. : Economic Times

JSW Steel increases quantum of pulverised coal purchased from Russia

New Delhi : JSW Steel has increased the quantum of pulverised coal being purchased from Russia to 10-15 per cent of its requirements in recent times, the company’s Deputy Managing Director Vinod Nowal said on Friday. : Economic Times

India could have averted power crisis with renewable goal on track: Report

New Delhi : India could have averted the power crisis in April if progress towards the 175 GW renewable energy goal had been on track, a new analysis by think tank Climate Risk Horizons said on Friday. : Economic Times

Coal stock norms likely to be revised amid power crisis

New Delhi : The government is likely to lower the minimum coal stock requirements for power stations to “realistic” levels in order to reduce the financial burden on gencos as they grapple with fuel shortages that have triggered a power crisis. : Mint

Odisha CM Naveen Patnaik inaugurates 7 power projects worth ₹450 crore

New Delhi : Odisha Chief Minister Naveen Patnaik virtually inaugurated 6 high-power grid substations at an investment of ₹450 crore. The power projects have been launched in Rayagada, Nabarangpur, Kalahandi, Sambalpur, Kendujhar, and Khordha districts and a 220 KV double circuit transmission line in Balangir-Kesinga. : Mint

EESL to lease out EV charging infra ops, to set up 1,800 more points

New Delhi : State-run Energy Efficiency Services Ltd (EESL) is set to lease out operations of its electric vehicle charging infrastructure across the country. : Mint

Nidhi Narang appointed as Director (Finance), UPPCL

New Delhi : Shri Nidhi Narang Former AGM, Finance, NTPC has been appointed as Director ( Finance ), UP Power Corporation Ltd. Earlier He was holding the position of Sr VP in Reliance Infra and Group CFO in Punj Lloyd and Hindustan Power. :

Mining Operation begins at NTPC Chattibariattu Coal Mining project

New Delhi : Chatti-Bariatu Coal Mining Project of NTPC Ltd which had commenced its Mining Operations on 25.04.2022 has achieved yet another milestone today on 21.05.2022 by touching the coal seam after excavation to a depth of approx. 7 m. With this excavation of Box-Cut has also commenced, which will pave the way to start Coal production from July’22. :

SECI & BSHCL signed agreement for 210 MW renewable energy

New Delhi : Solar Energy Corporation of India Limited on Friday entered into an agreement with The Bihar State Holding Company Limited (BSHCL) for 210 MW renewable energy with assured peak to ensure 24×7 green power supply to identified areas. Initially, Rajgir, Bodhgaya, and parts of Patna are targeted to get green energy. :

Solarspace Ropes In Krishan Sharma To Lead Asia Pacific Solar Business

New Delhi : Leading solar cell and module manufacturer Solarspace has onboarded Krishan Sharma as the Vice President (VP) to lead its Asia pacific solar business. Sharma was previously at Renesola India. :

Solargis To Power Data Analysis Of Renewable projects for Apex in US

New Delhi : Solargis, a leading solar data and software services firm, has provided its high-resolution, granular resource and meteorological data to leading U.S. independent power producer Apex Clean Energy (Apex). :

Prioritise power connection to PHED: MD of Jaipur electricity discom JVVNL

Jaipur : Discom managing director Ajit Kumar Saxena has instructed officials to complete all works related to the high-risk points identified till April 30 by June 30 in addition to pre-monsoon repairs. : Economic Times

BHEL returns to black, posts Rs 912-cr net profit in Q4, declares dividend

New Delhi : State-owned engineering firm BHEL on Saturday returned to black posting Rs 912.47 crore consolidated net profit in the March quarter, backed by higher income. : Business Standard

Govt to spend ₹1,800 crore to build 99 more power stations in Odisha

Bhubaneswar : Chief minister Naveen Patnaik on Saturday said the state government would spend Rs 1,800 crore to set up 99 more 33/11 KV sub-stations to improve power distribution. : Economic Times

NTPC Bongaigaon, ER-II ladies club bring smiles among needy at Kokrajhar

Bongaigaon : 20th May 2022 was a bright day in Kokrajhar as it brought smiles among the beneficiaries under the CSR of NTPC Bongaigaon. Various activities at Shanti Old age Home, Alarayan Orphanage and Kokrajhar Girls College as a part of community development and with an intent to improve the lives of the people created an environment of positivity among the beneficiaries. :

Solar power technology: ISA signs pact with JICA, JBIC, NEDO

New Delhi : A Memorandum of Cooperation was signed on Saturday between the Government of Japan, Japan Bank for International Cooperation (JBIC), Japan International Cooperation Agency (JICA) and New Energy and Industrial Technology Development Organization (NEDO) and International Solar Alliance (ISA). : Economic Times

PowerGrid posts PAT Rs. 16,824 cr, Total Income Rs 42,698 cr for FY22

New Delhi : Power Grid Corporation of India Limited (POWERGRID has announced a PAT of Rs. 4,156 crores for Q4FY22 on a consolidated basis, an 18% increase over Q4FY21. The total income for Q4FY22 was Rs. 11,068 crore compared to Rs. 10,816 crores in the Q4 of the previous year. :

City set to get green energy soon

Patna : The Bihar State Power Holding Company Limited (BSPHCL) on Friday entered into an agreement with the Solar Energy Corporation of India (SECI) for 210 megawatt (MW) renewable energy with assured peak to ensure 24×7 green power supply to identified areas. Initially Rajgir, Bodh Gaya and parts of Patna are targeted to get green energy. : Economic Times

Girl Empowerment Mission 2022 at NTPC Farakka

New Delhi : Shri Sital Kumar, RED ER-1 graced the occasion by being the chief guest on the occasion. Shri Sanjiv Kumar, GGM Farakka, Smt. Maya Singh, President ULC and Chief Guest RED ER1, together they lit the auspicious lamp, marking the beginning of this wonderful initiative. :

IREDA sanctioned Rs 14,000 crore loans for renewable energy projects

New Delhi : Government-owned renewable energy project finance company IREDA has sanctioned loans worth Rs 14,445 crore and disbursed Rs 10,018 crore for various green energy projects in Maharashtra. : Economic Times

Green wheels: Delhi crosses 50,000 mark in electric vehicle sales

New Delhi : The city has crossed another milestone in its journey towards becoming the country’s electric vehicle hub. This month saw the number of EVs sold in Delhi crossing the 50,000-mark since the August 2020 launch of Delhi government’s policy on EVs. : Economic Times

Madurai railway div saves Rs48 cr by harnessing wind energy

Madurai : Five windmills functioning under Madurai railway division have generated 80.1 million units of power since their commissioning in January 2019, thus helping Southern Railway save Rs48.1 crore. : Economic Times

Power gencos to get easier loans for coal imports

New Delhi : The centre will facilitate loans for coal imports to electricity generating companies through sector lenders to build coal inventories and keep projects running amid high demand. : Economic Times

Rajasthan seeks C’garh aid to start coal mining for power plants

Jaipur : Rajasthan has sought intervention of the Chhattisgarh government for an early start of coal mining to help fuel supplies for its electricity-generating projects at a time when the state is facing power crisis. : Economic Times

SECL rejects MP Genco’s charge of supplying uncrushed coal

Bhopal : MP Genco’s claim of providing unsized and uncrushed coal worth Rs 5.5 crore at Sanjay Gandhi Thermal Power Station was rejected by South Eastern Coalfields Limited (SECL). : Economic Times

No penalty on imported coal-based power plants for default: Government

New Delhi : The government clarified on Saturday that imported coal-based power plants, which were directed to operate under an emergency legislation earlier this month, would not be penalised for default in case states do not offtake electricity and the average prices on power exchanges are inadequate. : Economic Times

Greenko to supply green power to ArcelorMittal, Ayana Renewable, 3 states

New Delhi : Greenko Group will supply green power to ArcelorMittal, Ayana Renewable Power and three states from its 5,230 MW renewable energy plant being set up here, a top company official said. : Business Standard

IREDA sanctioned loan of Rs.14,445 cr; Disbursed Rs.10,018 cr for Renewable Energy projects in Maharashtra

New Delhi : Indian Renewable Energy Development Agency Limited (IREDA) in association with the Mahratta Chamber of Commerce Industries and Agriculture (MCCAI), conducted a workshop on “Greening India Through Renewables” on May 20th 2022 in Pune, Maharashtra. :

R K Singh discussed collaboration areas with Sweden’s Energy Minister

New Delhi : Union Minister for Power and New & Renewable Energy, Shri R K Singh, met the Minister for Energy & Digital Development, Sweden, Mr. Khashayar Farmanbar, and discussed areas of collaboration between the two countries in the Smart Grid, Offshore Wind & E-mobility. :

Cellcube Awards Contract For 1GW Batteries

New Delhi : Cellcube, officially called Enerox, has signed a five-year framework agreement with renewable energy developer Kibo Energy to deploy at least 1GW of storage in targeted Southern African Development Community. :

Maharashtra to Solarise Mhaisal Lift Irrigation Scheme

New Delhi : The Irrigation Department of Maharashtra Government has begun to bank on earnest use of renewable electricity to support irrigation for its farmers. :

Revised Wind Turbine Models and Manufacturers List From MNRE

New Delhi : Almost three months after the last list, the Ministry of New and Renewable Energy (MNRE) has released the updated list of wind turbine models and manufacturers approved for use in India. :

‘Coal to Renewable Energy’ is Cheaper than ‘Coal to Gas’: TransitionZero Study

New Delhi : A new study from TransitionZero says that a shift from coal to clean energy is cheaper than switching to gas. Production and use of energy is the reason behind climate change. :

Alcoa Signs Contract for Renewable Power to Support Restart of Aluminum Smelter

New Delhi : Alcoa Corporation has announced the signing of a contract for renewable energy to support the planned restart in 2024 of aluminum smelting at the San Ciprián smelter in Spain. :

Oil and Gas

Natural gas supply reaches HMEL Refinery, Gas Receiving Station inaugurated at Bathinda

Bhatinda : Taking a major step to ensure availability of natural gas for large customers, GAIL (India) Limited has laid a dedicated pipeline to supply the fuel to HPCL Mittal Energy Ltd.’s (HMEL) refinery here. :

CNG price hiked by Rs 2 per kg; rates up by Rs 19.60/kg in two months

New Delhi : The price of CNG in the national capital on Saturday was hiked by Rs 2 per kg, the 13th increase in rates in just over two months. CNG in the national capital territory of Delhi now costs Rs 75.61 per kg, up from Rs 73.61 per kg, according to the information posted on the website of Indraprastha Gas Ltd (IGL) — the firm which retails CNG and piped cooking gas in the national capital and adjoining cities. : Economic Times

IGL to invest Rs 8,000 crore in five years for expansion

New Delhi : Indraprastha Gas Ltd, the nation’s largest CNG retailer, will invest about Rs 8,000 crore in the next five years to expand the city gas network of CNG stations and pipelines, taking environment-friendly fuel to household kitchens and factories, the company’s managing director Sanjay Kumar said on Friday. : Economic Times

India’s EV wave is the future but Biofuels are changing the game now!

New Delhi : Rising crude oil import bills have pushed the Indian government to look for other alternatives fuel sources such as Ethanol and Biodiesel. On our journey to majority electrification, biofuels are a legitimate way to a more sustainable fuel industry. : Economic Times

NRL awarded for 2nd highest procurement by value amongst CPSEs; clocks Rs 3829 cr for FY 21-22

New Delhi : NRL’s commitment towards utilizing Government eMarketplace (GeM) portal in right earnest for its procurement and services has shown brilliant results – the company received the award for 2nd highest procurement by value amongst CPSEs for FY 2021-2022 by clocking INR 3829 crore. :

Rajasthan govt reduces VAT on petrol by Rs 2.48, diesel by Rs 1.16

New Delhi : The Rajasthan government on Saturday reduced Value-added tax (VAT) on petrol by Rs 2.48 per litre and diesel by Rs 1.16 per litre, following the reduction of excise duty by the Centre. : Economic Times

CMD, GAIL chaired session at 49th IFTDO World Conference 2022

New Delhi : Chairman and Managing Director, GAIL (India) Limited Manoj Jain while chairing the session at the 49th IFTDO World Conference 2022, talked about the need for agility due to significant technological advancement, impact of epidemics, business uncertainties, and changing environment. :

Petrol to now cost Rs 97.17 per litre, diesel Rs 89.74 in Goa after central excise duty cut

New Delhi : With the reduction of excise duty on fuel by the Centre, petrol will now cost Rs 97.17 per litre in Goa, while diesel will cost Rs 89.74 per litre, an industry stakeholder said on Sunday. : Economic Times

GAIL India laid HMEL pipeline worth around 142 cr

New Delhi : GAIL (India) Ltd. has laid a natural gas pipeline called HMEL pipeline connectivity for a total cost of approximately Rs. 142 crore. This pipeline is part of DBNPL (Dadri Bawana Nangal Pipeline), which runs from Dadri (Uttar Pradesh) through Yamunanagar (Haryana) to Nangal (Punjab), to meet the energy needs of these northern states. :

After central excise duty cut, petrol price in Bhopal comes down to Rs 108.63 per litre, diesel to Rs 93.88

Bhopal : The petrol and diesel rates in Madhya Pradesh capital Bhopal have come down to Rs 108.63 and Rs 93.88 per litre, respectively, in the wake of the excise duty cut by the Centre, a fuel association representative said on Sunday. H : Economic Times

Fuel dealers claim they are under pressure to curb sales, caution state-run OMCs against supply cuts

New Delhi : Dealers of retail outlets of state-run oil marketing companies (OMCs) have requested Indian Oil Corporation NSE -0.26 %, Bharat Petroleum Corporation (BPCL NSE 1.88 %) and Hindustan Petroleum Corporation NSE 2.07 % (HPCL NSE 2.07 %) not to curtail fuel supply for retail sales to curb their loses. : Economic Times

Centre’s fuel tax cut is merely partial and states are unlikely to reduce taxes

New Delhi : The Tamil Nadu government on Sunday described the Centre reducing taxes on petroleum products as ‘partial’ and said “it is neither fair nor reasonable to expect States to reduce their taxes.” : Mint

Global oil firms report huge profits but Indian marketers are left high and dry

New Delhi : Indian oil refiners are staring at huge losses as they have failed to pass on the higher costs of crude to fuel consumers, even as global energy producers report outsized profits in the March quarter. : Mint

Govt considering Rs 1 trn extra borrowing to offset fuel-tax cut: Report

New Delhi : India will probably borrow the entire 1 trillion rupees ($12.9 billion) that the government will forgo as revenues due to a cut in gasoline and diesel levies, according to people familiar with the matter. : Business Standard

Govt. cuts Petrol by Rs 9.5 per litre, Diesel price by Rs 7 per litre, subsidy announced for Ujjwala gas beneficiaries

New Delhi : Amidst rising energy prices and inflation, the Central excise duty on petrol has been cut by Rs 8 per litre and on diesel by Rs 6 per litre, reducing the price of petrol by Rs 9.5 per litre and of diesel by Rs 7 per litre, Union Finance Minister Nirmala Sitharaman said. :

Oil settles up as supply risks outweigh economic worries

New York : Oil prices settled slightly higher on Friday as a planned European Union ban on Russian oil and easing of COVID-19 lockdowns in China countered concerns that slowing economic growth will hurt demand. : Economic Times

India supplies another 40,000 metric tonnes of diesel to crisis-hit Sri Lanka

New Delhi : India on Saturday provided another 40,000 metric tonnes of diesel to Sri Lanka under the credit line facility to the island nation which is grappling with its worst economic crisis. : Economic Times

Natural gas supply reaches Bathinda refinery

New Delhi : State gas utility GAIL NSE 1.66 % (India) Ltd has laid a dedicated pipeline to supply natural gas to HPCL NSE 2.07 % Mittal Energy Ltd’s (HMEL) Bathinda refinery in Punjab as it looks to take the environment-friendly fuel to all corners of the country. : Economic Times

These 2 states slash tax on fuel after Centre reduces excise duty

New Delhi : The Rajasthan and the Kerala government have reduced VAT on petrol and diesel after the Union government announced a reduction in excise duty on petrol by ₹8 per litre and on diesel by ₹6 per litre. : Mint

IGL raises CNG prices, says rates to remain high

New Delhi : Indraprastha Gas Ltd (IGL) late on Friday night raised CNG (compressed natural gas) prices in the Delhi to Rs 75.61 per Kg, even as the company MD Sanjay Kumar said rates would remain elevated in the near future due to high international prices of natural gas and the management was looking at cutting operational costs to soften the blow for consumers. : Economic Times

Explained: Why Centre has announced steep excise duty cut on petrol, diesel

New Delhi : In a major relief to the common man, the Centre on Saturday announced a steep cut in excise duty of fuel which will effectively bring down petrol prices by Rs 9.5 per litre and diesel prices by Rs 7 per litre. : Economic Times

GAIL’s natural gas supply reaches HPCL Mittal Energy refinery in Bathinda

New Delhi : State gas utility GAIL (India) Ltd has laid a dedicated pipeline to supply natural gas to HPCL Mittal Energy Ltd’s (HMEL) Bathinda refinery in Punjab as it looks to take the environment-friendly fuel to all corners of the country. : Business Standard

Deliberate OPEC-plus actions keeping oil on the boil

New Delhi : The rise of OPEC and the consolidation of the modern oileconomy after the disintegration of the Soviet Union in 1991 have witnessed global petroleum markets following one simple principle –– supply must match demand. : Economic Times

Maharashtra becomes 3rd state to slash VAT on fuel price after govt cuts excise duty. Details here

New Delhi : A day after the Finance Minister Nirmala Sitharaman took to twitter to announce that the Indian Government had decided to slash the excise duty on petrol and diesel prices, the Maharashtra government announced that they will reduce the Value Added Tax (VAT) by Rs. 2.08 for Petrol per litre and ₹1.44 for diesel per litre with immediate effect. : Mint

This city has the cheapest fuel after Centre slashes tax, tweets CM. Read here

New Delhi : Finance Minister Nirmala Sitharaman on Saturday announced an ₹8 per litre cut in excise duty on petrol and ₹6 a litre on diesel. : Mint

UP CM Adityanath thanks PM Modi after excise duty cut on petrol, diesel

New Delhi : Uttar Pradesh Chief Minister Yogi Adityanath on Saturday thanked Prime Minister Narendra Modi for the cut in excise duty on petrol and diesel. : Business Standard

Maharashtra reduces VAT on petrol by Rs 2.08/ltr, diesel by Rs 1.44/ltr

New Delhi : A day after the Centre reduced excise duty on fuel, the Shiv Sena-led Maharashtra government on Sunday slashed the VAT on petrol by Rs 2.08 per litre and diesel by Rs 1.44 per litre. : Business Standard

Excise duty reduction on fuel to lower prices of goods by 10%: CAIT

New Delhi : Traders said a cut in excise duty in the prices of petrol and diesel could reduce prices of items of daily goods by at least 10%. : Mint

Opposition states follow Centre, reduce VAT on petrol and diesel

New Delhi : The tax incidence on petrol and diesel in states has come down more than what was announced by the Centre due to the ad valorem structure of the value-added tax (VAT) on fuel. : Business Standard

By Sarkaritel May 23, 2022 06:53