MEDIA UPDATE (NOVEMBER 25, 2022)

Sarkaritel
By Sarkaritel November 25, 2022 06:52


25-Nov-2022

Power

” New Delhi : Power Grid Corporation of India Ltd. (POWERGRID), a MaharatnaCPSU under Ministry of Power, Govt. of India has been conferred the “CSR World Leader 2022” Award at a carbon-neutral presentation ceremony at the Houses of Parliament, Palace of Westminster, London on 21st November, 2022. The award was received by Shri V. K. Singh, Director (Personnel).” : Sarkaritel.com

” Mumbai : NTPC Limited received the “SHRM HR Excellence Awards 2022” in a glittering function held at , New Delhi, on 23rd November, 2022. NTPC has been awarded Winner for both “Excellence in Developing Leaders of Tomorrow” and “Excellence in Community Impact”.” : Sarkaritel.com

NLC India Strives for 6 GW Renewables Capacity at Decade-End

New Delhi : NLC India Strives for 6 GW Renewables Capacity at Decade-End. : saurenergy.com

RECPDCL hands over project-specific SPV to ReNew Transmission

New Delhi : REC Power Development and Consultancy Limited (RECPDCL) handed over the project-specific SPV (Special Purpose Vehicle), formed for the construction of the Transmission Project ‘GADAG II-A Transmission Limited’ to ReNew Transmission Ventures Private Limited (RTVPL). : psuconnect.in

SC directs all state electricity regulatory panels to frame norms for fixing tariff

New Delhi : The Supreme Court on Wednesday directed all state electricity regulatory commissions to frame regulations under the law prescribing terms and conditions for determination of power tariff within a period of three months. : Economic Times

Coal Ministry aims 45 MT Stock with Power Plants by March, 2023

New Delhi : The total coal production in the country stands at 448 million tonnes (MT) as of October 2022 which is 18 % higher than the production of the corresponding period of last year. The growth of coal production from Coal India Ltd (CIL) is also more than 17%. : psuconnect.in

NTPC awarded Prestigious ‘SHRM HR Excellence Awards 2022’

New Delhi : NTPC Limited received the “SHRM HR Excellence Awards 2022” in a glittering function held at , New Delhi, on 23rd November 2022. NTPC has been awarded Winner for both “Excellence in Developing Leaders of Tomorrow” and “Excellence in Community Impact”. : psuconnect.in

NETRA NTPC, NITI Aayog, NCoE-CCU, IIT Bombay launches assessment of ‘CO2 Geological Storage Potential’

New Delhi : Under the aegis of NITI Aayog, NETRA NTPC and the National Centre of Excellence in Carbon Capture & Utilisation (NCoE-CCU), IIT Bombay has launched the assessment of ‘CO2 Geological Storage Potential’ in India at NITI Aayog. : psuconnect.in

Coal production rose 18 per cent to 448 million tonnes in Oct

New Delhi : Total coal production stood at 448 million tonnes in October this year which is 18 per cent higher than that of the corresponding period of 2021. : Economic Times

Stellantis looks to India for affordable EVs for Europe amid competition from China

New Delhi : Fiat parent Stellantis has concluded it can’t currently make affordable electric vehicles in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters. : Economic Times

It’s time to generate income from electricity than getting it for free: PM Modi in Gujarat

New Delhi : Prime Minister Narendra Modi on Thursday said it was time to generate income from electricity instead of getting it for free, in an apparent move to counter the Aam Aadmi Party and the Congress over their promise of free electricity in poll-bound Gujarat. : Economic Times

900-megawatt power plant to be set up in Haryana’s Yamunanagar

New Delhi : A 900-megawatt power plant will be set up in Yamunanagar, Haryana, said an official statement here on Wednesday. It said the chief minister has given the green signal to the proposal to set up another power plant at Yamunanagar and soon its site selection and detailed project report (DPR) will be approved. : Economic Times

Opinion: China on track to hit new clean & dirty power records in 2022: Maguire

New Delhi : China is set to delight and depress climate trackers in equal measure in 2022 by setting new global records in both clean power utilisation and coal-fired electricity emissions. : Economic Times

France’s first commercial-scale offshore wind farm starts full operations

New Delhi : France’s first commercial-scale offshore wind farm started full operations on Wednesday, adding 480 megawatts of capacity to the grid at a time when Europe is scrambling to secure energy supplies following Russia’s invasion of Ukraine. : Economic Times

Solar capacity addition falls marginally in Jul-Sep to 2.7 GW: Mercom report

New Delhi : Solar capacity installations in India fell marginally by around 3 per cent to 2.7 gigawatt (GW) during July-September 2022, according to Mercom India Research. There were 2.8 GW installations during the same period in 2021, the research firm said in its report on Wednesday. : Economic Times

Ather Energy plans to make its third plant operational by next fiscal end

New Delhi : Electric two-wheeler maker Ather Energy is all set to finalise the location of a third manufacturing plant shortly with plans to make it functional by end of next fiscal to cater to growing demand, according to co-founder Swapnil Jain. : Economic Times

ReNew to sell 1GW plants at $1bn enterprise value

New Delhi : ReNew Energy Global Plc is looking to sell 1 gigawatt of its operational clean energy capacity at an enterprise value of around $1 billion as part of the company’s capital recycling strategy, two people aware of the development said. : Mint

Actis’ BluPine Energy buys Atha Group’s 404 MW solar power assets

New Delhi : Actis Llp’s BluPine Energy has acquired 404 megawatt (MW) solar power assets of Kolkata-based Atha Group, the London-headquartered private equity firm announced on Thursday. : Mint

Govt mulls nodal body to secure power grids

New Delhi : The government will create a computer security incident response team, or CSIRT, at the Central Electricity Authority to avert cyber attacks on the country’s power grid, said Alok Kumar, secretary, union power ministry. : Mint

Coal stock at thermal power plants may reach 45 MT by March-end

New Delhi : The Government on Thursday said it is planning to augment coal stock at thermal power plants to 45 million tonnes by March-end. The coal ministry said that it further plans to increase the stock of fossil fuel at the pithead. : Economic Times

India adds 1.2 GW of rooftop solar in Jan-Sept this year

New Delhi : India added 1.2 gigawatt (GW) of rooftop solar in the January to September period of calendar year (CY) 2022, an 11 per cent decrease compared to the same period last year, according to a latest report. : Economic Times

Italy minister: EU Commission’s gas price cap plan “insufficient”

New Delhi : The European Commission’s proposal to cap gas prices at 275 euros ($285) a megawatt hour (MWh) is insufficient and set too high, Italy’s energy and environment minister Gilberto Pichetto Fratin said on Wednesday. : Economic Times

Key meet to decide on adopting EV policy in Uttar Pradesh

Lucknow : The state government will be holding a key meeting this week to decide on adopting UP Electric Vehicle Manufacturing and Mobility Policy, 2022. : Economic Times

Vietnam boosts coal use plan for 2030 as G7 climate offer stalls

Hanoi : Vietnam has increased its coal power target for 2030 under a revised draft energy plan, government documents seen by Reuters show, while renewables goals were scaled back, in a potential blow to rich nations’ funding initiatives for cleaner energy. : Economic Times

France names new CEO for troubled nuclear energy group EDF

Paris, France : The French government on Wednesday appointed Luc Remont as chief executive for EDF, the state-controlled national electricity giant that is racing to get nuclear reactors back online as winter looms. : Economic Times

Actis PE-backed BluPine buys Atha group’s 404 MW solar assets

New Delhi : BluPine Energy, a renewable wind and solar power generation and storage business owned by Actis PE, has acquired a 404 MW operating pan-India solar portfolio from the Atha Group, said a company statement here. The deal was signed at a valuation of Rs2000 crore. : Economic Times

India-Denmark Collaborative Study Identifies 15 Offshore Wind Sites

New Delhi : India-Denmark Collaborative Study Identifies 15 Offshore Wind Sites. : mercomindia.com

Assam Issues Consultancy Tender for a 1 GW Solar Project

New Delhi : Assam Issues Consultancy Tender for a 1 GW Solar Project. : mercomindia.com

Microsoft to Buy 900 MW Renewable Power for its Ireland Data Centers

New Delhi : Microsoft to Buy 900 MW Renewable Power for its Ireland Data Centers. : mercomindia.com

USA’s Enfinity Increases India Presence with 205 MW of RE

New Delhi : USA’s Enfinity Increases India Presence with 205 MW of RE. : saurenergy.com

Experts for implementation of green budgeting in state

Patna : The Centre for Studies on Environment and Climate (CSEC) at the Asian Development Research Institure (ADRI-Patna), in collaboration with the Centre for Budget and Governance Accountability (CBGA), Delhi, hosted a round-table discussion on ‘Bihar’s policy and budgetary priorities for transitioning towards green economic recovery’ here on Tuesday. : Economic Times

SC dismisses Tata Power’s plea against Rs 7,000 cr transmission contract awarded to Adani

New Delhi : The Supreme Court on Wednesday dismissed Tata Power’s appeal against the Maharashtra power regulator’s decision to award a ₹7,000-crore transmission contract on a nomination basis to Adani Electricity in March last year. : Economic Times

Solar Farm in Space? European Space Agency Contemplates the Idea

New Delhi : Solar Farm in Space? European Space Agency Contemplates the Idea. : saurenergy.com

Energy Transition Firm Transition VC Floats First Fund Worth Rs 400 Cr

New Delhi : Energy Transition Firm Transition VC Floats First Fund Worth Rs 400 Cr. : saurenergy.com

TPDDL to organise special Lok Adalat for settlement of power theft cases

New Delhi : Power discom Tata Power Delhi Distribution Limited (TPDD), supplying electricity to consumers of North Delhi, will hold a special ‘Lok Adalat’ on 27 November for on-the-spot settlement of power theft and disconnection cases, a statement said on Thursday. : Mint

Tesla Constructs Europe’s Biggest Battery Next to Dogger Bank Offshore Wind Project

New Delhi : Tesla Constructs Europe’s Biggest Battery Next to Dogger Bank Offshore Wind Project. : saurenergy.com

SJVN’s 75 MW Parasan Solar Power Project achieved commercial operation

New Delhi : Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN Limited today informed that its 75 MW Parasan Solar Power Project in Para-san Solar Park, Uttar Pradesh has achieved commercial operation. Now, SJVN’s installed capacity stands at 2091.5 MW. : psuconnect.in

Enel Gears to Add 21 GW Renewable Assets in Core Countries

New Delhi : Enel Gears to Add 21 GW Renewable Assets in Core Countries. : saurenergy.com

Co-Development of Renewable Energy Projects by French Firm Voltalia in Uzbekistan

New Delhi : Co-Development of Renewable Energy Projects by French Firm Voltalia in Uzbekistan. : saurenergy.com

APDCL Invites Bids for 1 GW Solar Power Project Consultancy Work in Kerala

New Delhi : APDCL Invites Bids for 1 GW Solar Power Project Consultancy Work in Kerala. : saurenergy.com

ANERT Invites Bids to Develop 15 MW of Rooftop Solar Projects in Thiruvananthapuram

New Delhi : ANERT Invites Bids to Develop 15 MW of Rooftop Solar Projects in Thiruvananthapuram. : saurenergy.com

Daily News Wrap-Up: SunSource Commissions Solar Project for Yakult Danone India

New Delhi : Daily News Wrap-Up: SunSource Commissions Solar Project for Yakult Danone India. : mercomindia.com

India Adds Over 1.2 GW of Rooftop Solar in 9M 2022

New Delhi : India Adds Over 1.2 GW of Rooftop Solar in 9M 2022. : mercomindia.com

BHEL Invites Bids for 1.25 Million DWS Multicrystalline Silicon Wafers

New Delhi : BHEL Invites Bids for 1.25 Million DWS Multicrystalline Silicon Wafers. : mercomindia.com

Energy Consumption from Rooftop Solar Systems to Grow Nine Times by 2031-32: CEA

New Delhi : Energy Consumption from Rooftop Solar Systems to Grow Nine Times by 2031-32: CEA. : mercomindia.com

Actis’ Renewable Business Acquires 404 MW Solar Portfolio from Atha Group

New Delhi : Actis’ Renewable Business Acquires 404 MW Solar Portfolio from Atha Group. : mercomindia.com


Oil and Gas

IOC launches ‘TB Mukt IndianOil Parivar’ programme

New Delhi : State-owned Indian Oil Corporation (IOC) has launched the ‘TB Mukt IndianOil Parivar’ programme to eradicate the menace of Tuberculosis from the IOC family by 2025. The firm aims to reach out to almost 7 lakh stakeholders to eradicate Tuberculosis by 2025, the company said in a statement. : Economic Times

Chennai Petroleum, IOC signs JV agreement for Rs 31,580 crore TN refinery

New Delhi : Chennai Petroleum Corporation (CPCL), Indian Oil Corporation Limited (IOCL) and seed equity partners have signed a joint venture agreement for the upcoming 9 million tonne per annum (MTPA) refinery and petrochemicals project at Nagapattinam in Tamilnadu. : Business Standard

Opinion: China and India easing away from Russian crude oil may be temporary: Russell

Launceston, Australia : There are signs that China and India are pulling back from buying Russian crude oil ahead of the Group of Seven nations’ proposed price cap and a European Union ban on import. : Economic Times

Gas price cap divides EU energy ministers’ meeting

New Delhi : EU energy ministers met Thursday to debate measures to mitigate the energy crunch in Europe but were divided over a gas price cap proposal slammed by many as a “joke”. : Economic Times

France, Spain slam EU gas price cap

New Delhi : France and Spain on Wednesday lambasted the European Commission’s proposed price cap on wholesale natural gas, set so high that critics have questioned if it would ever be used. : Economic Times

EU countries spar over 275 euros/MWh gas cap proposal

New Delhi : The 27 European Union countries disagreed on Wednesday over a proposal by the bloc’s executive to cap future gas prices at 275 euros per megawatt-hour (MWh), a plan that has swiftly drawn criticism from both backers and opponents. : Economic Times

Germany plans 33 per cent windfall tax on gas, coal and oil firms: sources

Berlin, Germany : The German government plans to introduce a special levy to skim off 33 per cent of windfall profits made by oil, coal and gas companies, which could generate revenue of between one and three billion euros, finance ministry sources told Reuters. : Economic Times

Oil falls as supply-disruption fears ease amid Russian price cap talks

New Delhi : Oil prices fell on Thursday, extending losses from the previous session, as fears of supply disruption eased on news that the Group of Seven (G7) nations were considering a high price cap on Russian oil. : Economic Times

US drillers add oil and gas rigs for second month in a row: Baker Hughes

New Delhi : US energy firms this week added oil and natural gas rigs for a fourth week and second month in a row as relatively high oil prices encourage firms to drill more. : Economic Times

China’s CNOOC steps up Western retreat with launch of US sale: sources

New Delhi : Chinese oil and gas major CNOOC has sounded out potential buyers of its interests in US oilfields, two sources said, stepping up its retreat from Western nations amid sanctions concerns and calls for domestic investment. : Economic Times

Proposed G7 oil price cap to have little immediate impact on Russian revenue

London : The Group of Seven (G7) nations’ proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow’s revenues, as it is broadly in line with what Asian buyers are already paying, five industry sources with direct knowledge of the purchases said on Wednesday. : Economic Times

Pricing domestic natural gas, fuelling right answers

New Delhi : India is searching for a durable domestic natural gas pricing mechanism that can withstand global shocks, keep in check consumer bills and government subsidies, and radically increase the consumption of fuel. : Economic Times

EU considers price cap of $65-70 on Russian oil

New Delhi : The European Union, in coordination with the G-7 nations, is discussing capping the price of Russian crude oil at between $65 and $70 a barrel, according to people familiar with the matter. : Economic Times

Russia’s tanker fleet too small to bypass oil price cap

New Delhi : Russia’s oil tanker fleet is too small to fully circumvent a plan by the European Union, G7 countries and Australia to enforce a price cap on its maritime crude exports starting on Dec. 5, analysts and market watchers say. : Economic Times

Plea hearing scheduled in ‘Gasland’ drilling pollution case

New Delhi : A plea hearing has been scheduled for next week in the long-running case of a natural gas driller facing felony charges over allegations it polluted the aquifer of a small Pennsylvania community 14 years ago. : Economic Times

Oil drops as Russian price cap proposal eases concerns about tight supply

Tokyo, Japan : Oil declined on Thursday, hovering around two-month lows, as the Group of Seven(G7) nations’ proposed range for a price cap on Russian oil was higher than current trading levels, alleviating concerns over tight supply. : Economic Times

Nigeria inaugurates first oil and gas project in north

New Delhi : Nigeria began drilling for oil and gas in the northeast on Tuesday, a first for the African oil giant which has exploited large deposits in the south for decades and whose production is declining. : Economic Times

Trichy MSMEs eye big job orders for upcoming CPCL-IOCL refinery

Trichy : Engineering and fabrication MSMEs in Trichy are estimated to produce about 30,000 tonnes of components for the upcoming 9 MMTPA (million metric tonnes per annum) grassroot mega refinery and petrochemicals complex in Nagapattinam. : Economic Times

VED strategist to push for refinery in Vid before Samant

Nagpur : As state’s industries minister Uday Samant will be visiting the Vidarbha Industries Association (VIA) on Wednesday, once again a case for having a petroleum refinery near Nagpur would be put up. : Economic Times

Russia’s Transneft says Druzhba pipeline oil flows resume after suspension: TASS

New Delhi : Oil pumping through the Ukrainian section of the Druzhba pipeline has resumed at the scheduled volume after being partially suspended, Russia’s state-owned pipeline operator Transneft said on Wednesday, according to Russia’s TASS news agency. : Economic Times

Kerala sets up high-level working group for Hydrogen Economy Mission

New Delhi : The Kerala government on Wednesday constituted a Kerala Hydrogen Economy Mission with a high-level working group to contribute strategic inputs, facilitate partnerships, collaborations, and assistance to the Mission. : Economic Times

US prepared to authorize Chevron to boost Venezuela’s oil output

Houston : Chevron Corp could win US approval to vastly expand operations in Venezuela as soon as Saturday once the Venezuelan government and its opposition resume political talks, three people familiar with the matter said on Wednesday. : Economic Times

LNG storage planned at major ports at ₹20,000 crore investment

New Delhi : India is preparing a roadmap for setting up floating storage facilities for liquefied natural gas (LNG) at all its major ports, a senior government official aware of the matter said. : Economic Times

India’s green hydrogen plan will need ₹30 tn funding by 30

New Delhi : India is in the process of finalizing the roadmap to a “green hydrogen economy” which will require an investment of ₹30 trillion by 2030, said Vivek Kumar Dewangan, chairman and managing director, REC. : Mint

Proposed G7 oil price cap to have little immediate impact on Russian revenue

New Delhi : The Group of Seven (G7) nations’ proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow’s revenues, as it is broadly in line with what Asian buyers are already paying, five industry sources with direct knowledge of the purchases said on Wednesday. : Mint

Brent falls below $85/bbl amid talks of price cap on Russian oil

New Delhi : Crude oil declined on Thursday amid talks of capping the price of Russian oil by the European Union (EU). According to news reports, EU officials have discussed setting the ceiling for Russian seaborne exports at $65 to $70 a barrel. : Mint

Tube Investments of India acquires 50% stake in X2Fuels and Energy

New Delhi : Tube Investments of India (TII), a Murugappa Group company, has acquired a 50 per cent stake in X2Fuels and Energy, an early-stage start-up incubated at the National Centre for Combustion Research and Development (NCCRD) at IIT Madras. : Business Standard

European energy ministers set to clash over proposed gas-price cap

New Delhi : European Union energy ministers are gathering to haggle Thursday over details of a new proposal from the bloc’s executive body for an emergency cap on the price of natural gas. : Mint

Europe gas prices fall as bloc pauses emergency package

New Delhi : European natural gas prices fell after energy ministries agreed to postpone the formal approval of a package of emergency measures to tame a crisis ravaging the region’s economy. : Economic Times

Uttar Pradesh Green Hydrogen Policy Aims to Cut Costs and Increase Production

New Delhi : Uttar Pradesh Green Hydrogen Policy Aims to Cut Costs and Increase Production. : mercomindia.com

Sarkaritel
By Sarkaritel November 25, 2022 06:52