MEDIA UPDATE (May 25, 2022)

By Sarkaritel May 25, 2022 06:32



” New Delhi : NHPC Limited India’s premier hydropower company signed Contract Agreement with M/s Tata Power Solar Systems Ltd. for EPC contract for development of 300 MW solar project under CPSU scheme Phase-II on 24.05.2022 at NHPC Corporate Office, Faridabad.” :


” New Delhi : NHPC organized a plantation programme in front of green belt near NHPC Residential Complex, Surajkund Faridabad under “Swachhta Pakhwada-2022” on 24th May 2022.” :

PFC observed ‘Swachhata Pakhwada’, launched cleanliness drive

New Delhi : PFC observed ‘Swachhata Pakhwada’ by launching a cleanliness drive on May 19, 2022, at Barakhamba Metro Station to promote the importance of cleanliness and hygiene. :

Power Minister chaired reviewed meet with various state officials

New Delhi : Union Minister for Power and New & Renewable Energy, Shri R K Singh, chaired a Review Planning & Monitoring Meeting (RPM) with various state officials, yesterday. :

NTPC augments coal from own sources

New Delhi : State-run NTPC Ltd is moving at breakneck speed to increase coal supplies to fuel its thermal plants and ensure the units operate at more than 75% of capacity to avert another power crisis in India. : Mint

Coal India to open big, new mine this year to fight power crisis

New Delhi : State-run Coal India will open this year what is expected to become one of the country’s biggest coal mines, Reuters reported citing officials. : Mint

SJVN’s successful & sustained journey; observes 35th Raising Day

New Delhi : The Indian public sector undertaking Satluj Jal Vidyut Nigam (SJVN) a hydroelectric power generator completes its 34 years, including a victorious, encouraging, and hard work journey. :

PowerGrid bagged 2nd position for excellent performance in sports activities

New Delhi : PowerGrid Corporation of India Limited has been awarded 2nd position for excellent performance in sports activities in the Annual Performance Awards 2021-22 by Power Sports Control Board. :

Daily News Wrap-Up: CEA Okays Transmission Lines for a Hybrid Power Project in Tamil Nadu

New Delhi : The Central Electricity Authority (CEA) approved transmission lines for evacuating power from the 500 MW Blended Power Project (Wind-400 MW & Solar-100 MW) of JSW Renew Energy in Tuticorin, Tamil Nadu. :

Olectra Greentech bags biggest ever order worth Rs 3,675 cr for 2,100 electric buses

New Delhi : Olectra Greentech on Monday said it has bagged the biggest ever order worth Rs 3,675 crore for supplying 2,100 electric buses from Brihanmumbai Electric Supply & Transport (BEST). “Olectra Greentech Ltd (OLECTRA) has bagged the biggest ever order in its history for 2,100 electric buses from BEST,” a company statement said. : Economic Times

Germany plans to put idled coal plants on standby in case of gas supply disruption

Berlin, Germany : Germany is planning to use coal-fired power stations which would have been idled this year and next as reserve facilities in case of disruption to gas supplies from Russia, economy ministry sources said on Tuesday. : Economic Times

Vertical solar panels to help bridge power gap for Delhi Metro

New Delhi : Delhi Metro Rail Corporation (DMRC), which generates 47 megawatt peak (MWp) solar power through rooftop panels installed at Metro stations, depots, and residential complexes, is now going to install vertical solar panels along its elevated corridors. : Economic Times

Coal India targets 12% production growth in FY23 amid power crunch

New Delhi : National miner Coal India (CIL) is eyeing 12 per cent growth in its production during the current financial year as it opens new mines to tackle the incremental demand for coal from the power sector. : Business Standard

Coal production rose to 34 MT in 1st half of May to meet power demand: Govt

New Delhi : To meet the rising power demand, coal production increased to 34 million tonnes (MT) in the first half of May, the government said on Tuesday, adding that total coal production increased to 33.94 MT, achieving a growth of 36.23 per cent over the production of 24.91 MT during the same period last year. : Business Standard

Coal Production Increases 16% to 34 Million Ton During First Half of May, 2022

New Delhi : India’s coal production continues its record achievement during the first half of May 2022 also, further improving on production and dispatch performance attained in April this year. :

KSEB Invites Bids For Supply of 150 MW Solar Power Between June’22 and March’23

New Delhi : Kerala State Electricity Board (KSEB), the govt owned entity with a distribution license for all of Kerala, has invited bids for supply of solar power to the state. :

175 MW Solar Project Commissioned by Mahindra Susten in Bikaner

New Delhi : Adding to the installed capacity of Rajasthan, the state with highest solar irradiance in India, Mahindra Susten has commissioned a portion of its solar project at Kolayat in Bikaner district. :

Solar Cell With 39.5% Efficiency in 1-Sun Illumination Developed Using Quantum Wells

New Delhi : Scientists at the National Renewable Energy Laboratory (NREL) in the U.S used gallium arsenide (GaAs) with quantum wells and invented a multijunction solar cell that exhibited a record efficiency of 39.5% under 1-sun global illumination. :

Bids Invited for a 6 MW Solar Project Under KUSUM Program in Kerala

New Delhi : Kerala State Electricity Board (KSEB) has invited bids for the design, survey, supply, installation, testing, and commissioning of a 6 MW grid-connected solar power project and its remote monitoring system in the Palakkad district of Kerala under the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) program. :

KSEB heads for downsizing to bring down employee cost

THIRUVANANTHAPURAM : The Kerala State Electricity Board (KSEB) Ltd is exploring ways to downsize the company by abolishing several posts that have been rendered redundant following technology advancements. : Economic Times

Rajasthan government approves EV policy

Jaipur : The Rajasthan government has approved the Rajasthan Electric Vehicle Policy (REVP) to encourage EVs in the state. The government has approved an additional budget provision of Rs 40 crore for the State Goods and Services Tax (SGST) reimbursement on the purchase of such vehicles. : Economic Times

Siemens Energy cuts management layers, revamps segment reporting

Frankfurt : Energy equipment maker Siemens Energy on Tuesday said it would strip about a third of managers of their positions and provide investors with more granular details of its business, in a bid to increase transparency and become more nimble. : Economic Times

JSW Energy to seek shareholders’ nod to raise up to Rs 5,000 crore

New Delhi : JSW Energy will seek shareholders’ approval to raise up to Rs 5,000 crore through equity shares, bonds and other such securities during the annual general meeting to be held on June 14. : Economic Times

Stellantis making Indiana announcement; may be battery plant

New Delhi : Automaker Stellantis has scheduled an announcement for Tuesday in Kokomo, Indiana, for what could be the company’s second North American electric vehicle battery factory. : Economic Times

We are looking to raise $400 mn for our next leg of expansion: Goldi Solar founders

New Delhi : In an exclusive interview with ETEnergyWorld, Ishver Dholakiya, founder and managing director, and Bharat Bhut, co-founder and director of Goldi Solar, a Surat-based solar panel manufacturer and energy solutions provider, tells us that they are looking to raise both debt and equity for expanding module, cell, and raw material manufacturing segments. : Economic Times

Phase out of coal plants can avoid over 14.5mn premature deaths: Study

New Delhi : An early phase out of coal plants around the world could help avoid over 14.5 million premature deaths from air pollution over the next three decades, a new analysis published on Tuesday said, delivering an economic benefit of $16.3 trillion. : Economic Times

Adani group to invest Rs 60,000 crore in AP green energy plants

New Delhi : AP government clinched a big-deal on Monday when Adani group agreed to invest Rs 60000 crore in green energy plants in the state. : Economic Times

Three firms bid for supplying 7.5 L MT of imported coal against MP Genco tenders

Bhopal : Three firms have participated in the bid for supplying 7.5 lakh metric tons of imported coal worth around Rs 1000 crores, against the tenders floated by MP Genco. : Economic Times

Battery industry sales to cross $168 bn 2030 amid raw material shortages

New Delhi : The battery industry revenues may exceed $168 billion by 2030 but severe global shortages are highly likely from 2025, a new report said on Monday. : Economic Times

Lord’s Mark forays into solar-based lighting space; to invest Rs 900cr in street light proj in Bihar

Mumbai : Diversified business group Lord’s Mark Industries on Tuesday announced its entry into the solar-based lighting space and said it will invest Rs 900 crore in a street light project in Bihar. Bihar is the first state to implement the world’s largest solar-based lighting project, which will be implemented through BREDA (Bihar Renewable Energy Development Agency), the company said in a release. : Economic Times

JSW Energy to seek shareholders’ nod to raise up to Rs 5,000 crore

New Delhi : JSW Energy will seek shareholders’ approval to raise up to Rs 5,000 crore through equity shares, bonds and other such securities during the annual general meeting to be held on June 14. : Business Standard

Imported coal set to increase NTPC’s final tariff by 50-70 paise

New Delhi : State-owned NTPC will see its fuel cost go up to Rs 7-8 per unit by importing coal against Rs 2 per unit by buying in the domestic market from Coal India (CIL). Senior officials said this would increase the final tariff of NTPC by 50-70 paise and it will be passed on to electricity consumers. : Business Standard

High Power Bifacial Module Project Debuts in Jamnagar, Allowing GoodWe To Demonstrate Versatility

New Delhi : Jamnagar has got the first of what should be many upcoming Bifacial powered solar plants. :

Tesla Nears Setting-up Electric Vehicle & Battery Factory in Indonesia

New Delhi : Leading EV seller Tesla is close to inking a pact that will allow the US-based company to set up an electric vehicle factory in Indonesia. :

IRENA Lends Voice To Enabling Hydrogen Trade Beyond Borders

New Delhi : The transition towards a more sustainable system based on renewables can be accelerated only by making green hydrogen a global trade commodity, said Francesco La Camera, IRENA Director-General. :

SECI Announces 1.2 GW Wind Auction Results, NTPC Lowest Bidder at Rs 2.89/unit

New Delhi : Solar Energy Corporation of India (SECI) has announced the winners of the 1.2 GW Wind Energy Project’s ’ auctions or Tranche XII for interstate transmission connected wind projects. :

Solar Imports in Q1 2022 Up 374% Year-Over-Year

New Delhi : India imported solar cells and modules worth $1.23 billion (~₹92.62 billion) in the first quarter (Q1) of the calendar year (CY) 2022, an increase of 374% compared to the same period last year, according to the data published by the Department of Commerce. :

Mahindra Susten’s 175 MW Solar Project Uses Bifacial Modules by LONGi and Jinko

New Delhi : Mahindra Susten, the solar engineering, procurement, and construction (EPC) arm of Mahindra Group, has commissioned a 175 MW solar project in Kolayat in the Bikaner district of Rajasthan. :

US Seeks Public Feedback on $2.5 Billion Transmission Lines Program

New Delhi : In a bid to expand and strengthen power transmission lines across the country, the United States Department of Energy (DOE) recently issued a Request for Information (RFI) to collect public input on the structure of the $2.5 billion Transmission Facilitation Program (TFP). :

Govt may invoke emergency powers to let power producers step out of PPAs

New Delhi : The government could invoke its emergency powers to make 40 GW domestic coal-based plants continue to generate power when they start blending imported coal even though their power purchase agreements (PPA) do not allow higher fuel costs to be passed on to the buyer. : Economic Times

India cuts June domestic coal supply targets to utilities by 11.1%

New Delhi : India has slashed domestic miners’ coal supply targets to power plants for June by 11.1%, according to a ministry sources. : Economic Times

India’s power demand, electricity prices ease amid cooling temperature

New Delhi : India’s electricity demand has come down with the recent drop in temperature and rains across North India, with the maximum power demand met currently below the 200 GW mark. : Mint

GoodLeap Securitizes $467 Million Residential Solar Loan

New Delhi : Leading American Solar loan provider GoodLeap (formerly Loanpal), announced on May 23 the closure of GoodLeap Sustainable Home Solutions Trust 2022-2 following the securitisation of residential solar loans. :

NTPC, EDF, JSW, and Torrent Power Winners in SECI’s 1.2 GW Wind Auction

New Delhi : NTPC Renewable, Halvad Renewables (EDF Renewables), JSW Neo Energy, and Torrent Power are winners in Solar Energy Corporation of India’s (SECI) auction for the 1.2 GW interstate transmission system (ISTS)-connected wind power projects (Tranche-XII). :

Oil and Gas

GAIL India moves NCLT to recover Rs 9,942 crore Uttam Galva dues

New Delhi : A legal battle is brewing between Uttam Galva, the bankrupt steel firm, and GAIL India (GAIL), with the gas distribution company moving the National Company Law Tribunal for rejection of its dues worth Rs 9,942 crore by the company’s debt resolution professional. : Business Standard

Nayara fuel dealers to meet Mgmt today

New Delhi : Upset with Nayara Energy’s move to reduce diesel supply by 50 per cent, representatives of dealers association from 11 states will be reaching Mumbai on Tuesday to meet the company’s management. : Economic Times

EU, United States pushing for global fuel production increase: Scholz

Berlin, Germany : The European Union and United States are trying to convince oil and gas-producing countries to increase their production to help lower global fuel prices, German Chancellor Olaf Scholz said in an interview with Deutsche Welle. : Economic Times

India’s crude oil production falls 1 per cent in April

New Delhi : India’s crude oil production fell 1 per cent in April after lower output from fields operated by the private sector wiped away gains by state-owned firms such as ONGC, official data showed Tuesday. India produced 2.47 million tonnes of crude oil in April, down from 2.5 million tonnes in the same month last year, according to data released by the Ministry of Petroleum and Natural Gas. : Economic Times

UAE’s ADNOC, BP and Masdar forge energy partnership

Dubai : The Abu Dhabi National Oil Company (ADNOC), oil major BP and Abu Dhabi future energy company Masdar have joined forces to develop clean hydrogen and technology hubs. : Economic Times

Sri Lanka hikes fuel prices; petrol at all-time high of Rs 420, diesel Rs 400 per Litre

Columbo : Crisis-hit Sri Lanka on Tuesday raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country’s worst economic crisis due to the shortage of foreign exchange reserves. With the second fuel price hike since April 19, now the most-used Octane 92 petrol would cost 420 rupees (USD 1.17) and diesel 400 rupees (USD 1.11) a litre, an all-time high. : Economic Times

More industrial clusters join WEF’s net-zero transition initiative

New Delhi : The World Economic Forum on Tuesday announced that four more industrial clusters from Europe and the US are joining its ‘Transitioning Industrial Clusters towards Net-Zero’ initiative. : Economic Times

Russian gas flows through Ukraine rise

New Delhi : Russian gas deliveries via Ukraine to Europe rose on Tuesday morning while eastward flows through the Yamal-Europe pipeline eased. : Economic Times

Oil prices ease on concerns over recession, weaker consumption

New Delhi : Oil prices eased in early trade on Tuesday as concerns over a possible recession and weaker consumption outweighed an expectation of tight global supply and a pick-up in fuel demand in China after Beijing’s promises of stimulus. : Economic Times

Brazil’s Petrobras gets new boss in latest executive shakeup

New Delhi : Senior Brazilian economy ministry official Caio Mario Paes will be the next chief executive of Brazil’s state-run oil company Petrobras, the government said late on Monday, replacing a predecessor who served less than two months in the job. : Economic Times

Palantir, Trafigura aim to track carbon emissions for the oil industry

New Delhi : Palantir Technologies Inc and global commodities trader Trafigura have set sights on a new market, their chief executives told Reuters on Monday: tracking carbon emissions for the oil and gas sector. : Economic Times

Kazakhstan sees 2023 oil output up at over 90 mln tonnes: minister

New Delhi : Kazakhstan expects to produce 90-93 million tonnes of oil next year, up from 87.5 million tonnes this year, depending on when expansion projects at the giant Tengiz field are completed as they may be slightly delayed, its energy minister said. : Economic Times

India set to be leader in green hydrogen: Hardeep Singh Puri

New Delhi : India is more conscious of going for green energy than any other country in the world, union petroleum and natural gas minister Hardeep Singh Puri said on Monday. He said special emphasis is being given on green hydrogen, biofuel blending and exploration and production of biofuel from alternative sources. : Economic Times

Prices of petrol and diesel stay unchanged

New Delhi : Oil marketing companies (OMCs) kept the prices of petrol and diesel unchanged on Monday. The price of petrol in Delhi now is ₹96.72 per litre, while diesel is being sold for ₹89.62 a litre. : Mint

Crude prices fall over concerns of recession

New Delhi : Crude oil prices declined on Tuesday amid concerns of a global recession. Continuing restrictions in several major cities of China also dampened the market sentiments, analysts said. : Mint

Oil retreats as China’s stimulus package fails to allay concerns

New Delhi : Oil fell as Chinese efforts to cushion the impact of antivirus lockdowns failed to reassure investors over the outlook for Asia’s top economy. West Texas Intermediate sagged below $109 a barrel after ending little changed on Monday. : Business Standard

Oil prices inch lower on concerns over recession, China Covid curbs

New Delhi : Oil prices fell on Tuesday as concerns over a possible recession and China’s COVID-19 curbs outweighed an expectation of tight global supply and a pick-up in fuel demand with the U.S. summer driving season. : Business Standard

Germany plans to put idled coal plants on standby in case of gas supply disruption

Berlin, Germany : Germany is planning to use coal-fired power stations which would have been idled this year and next as reserve facilities in case of disruption to gas supplies from Russia, economy ministry sources said on Tuesday. : Economic Times

Crisis-hit Sri Lanka planning to study on oil exploration in Mannar Basin: Minister

Columbo : The crisis-hit Sri Lankan government is planning to undertake a feasibility study on oil exploration in the Mannar Basin, a shallow bay part of the Laccadive Sea in the Indian Ocean, which has about 5 trillion cubic feet of natural gas, enough to meet the energy needs of the island nation for the next six decades, a media report has said. : Economic Times

Eni-Total consortium starts exploratory gas drilling off Cyprus

New Delhi : Italy’s Eni and TotalEnergies of France began drilling an exploration gas well off the coast of Cyprus on Monday, the island’s energy ministry said. : Economic Times

Germany sees Russian oil embargo agreement in a ‘few days’

Frankfurt : A European agreement on a Russian oil embargo is possible “within a few days”, the German economy minister has said, as the bloc struggles to reach a consensus on a boycott. : Economic Times

Rising fuel costs, expensive EVs making CNG a welcome relief, alternate fuel for mobility: Report

New Delhi : Rising fuel costs and prohibitively expensive electric vehicles are making compressed natural gas (CNG) “a welcome relief and alternate fuel” for mobility for Indian consumers, according to a report by NRI (Nomura Research Institute) Consulting & Solutions. : Economic Times

Cargoes of Russia’s flagship crude oil at sea climb to record high

New Delhi : Some 62 million barrels of Russia’s flagship Urals crude oil, a record amount, are sitting in vessels at sea, data from energy analytics firm Vortexa showed, as traders struggled to find buyers for the crude. : Economic Times

EU hopes energy funds can unlock deal on Russian oil sanctions

New Delhi : A European Union proposal last week to support oil infrastructure in states heavily dependent on Russian crude should provide a chance for countries to agree sanctions on Russian oil, the EU’s energy policy chief said on Monday. : Economic Times

Contractor quitting puts Shell in spotlight over climate

Berlin, Germany : A longtime contractor for Shell has publicly called out the oil and gas company’s climate plans, accusing the company of “double talk” by saying it wants to cut greenhouse gas emissions while working on tapping new sources of fossil fuel. : Economic Times

Fuel generation from sewer gas: Dispute reaches renewable energy ministry

Ahmedabad : One of the country’s first plants that was to extract biogas from sewer gas, set up in 2015, at the Pirana sewage treatment plant on PPP basis has hit its financial rock bottom and is nearing closure. : Economic Times

Crude oil price at USD 110/barrel not sustainable, says Hardeep Singh Puri

New Delhi : India’s Oil Minister Hardeep Singh Puri on Tuesday told the World Economic Forum that crude oil price of USD 110 a barrel was not sustainable, even as he courted the world’s oil leaders to discuss global energy markets. : Economic Times

Crude oil production drops even as prices remain elevated

New Delhi : India’s crude oil production fell 0.95% from 2.49 million tonnes in April 2021 to 2.46 million tonnes in April 2022 on the back of “less than planned contribution from workover wells, drilling wells and old wells”, according to the ministry of petroleum and natural gas. : Mint

Why shale drillers are pumping out dividends instead of more oil and gas

New Delhi : Shale drillers have been hamstrung by pipeline constraints, rising prices for oil-field supplies and shortages of roughnecks and rigs. But there is another reason the highest oil and gas prices in years haven’t tempted U.S. drillers to boost output: Their executives are no longer paid to. : Mint

Can CNG vehicle owners expect relief after petrol and diesel rate cut?

New Delhi : Responding to a petition and also to the worsening air pollution in Delhi, the Supreme Court had in 1998 directed that all the buses, taxis and auto rickshaws will have to switch to CNG. : Business Standard

Poland terminates gas contract with Russia

Warsaw : Poland has formally cancelled its contract with Russia on natural gas supply via the Yamal pipeline, the country’s Minister of Climate and Environment Anna Moskwa said. : Economic Times

Aramco CEO warns of global oil crunch due to lack of investment

New Delhi : The world is facing a major oil supply crunch as most companies are afraid to invest in the sector amid green energy pressures, the head of Saudi Aramco told Reuters, adding it cannot expand production capacity any faster than promised. : Economic Times

India to launch national green hydrogen mission in 2 months

New Delhi : The union government plans to launch a comprehensive green hydrogen mission in two months to take forward the green hydrogen policy announced in February, officials familiar with the development said. : Mint

By Sarkaritel May 25, 2022 06:32