MEDIA UPDATE (NOVEMBER 30, 2022)

Sarkaritel
By Sarkaritel November 30, 2022 06:42


30-Nov-2022

Power

” New Delhi : Bharat Heavy Electricals Limited (BHEL) has achieved another major milestone in its journey of Business Excellence under its ‘Quality First’ movement with a record number of prestigious CII-EXIM Bank Awards for Business Excellence 2022.” : Sarkaritel.com

” New Delhi : FC recently organized Southern Region State Utilities Conference on “PFC’s Financing in Dynamic Regulatory Environment” at Sanchi-Bhopal with participation from 23 State Sector Utilities of Southern Region.” : Sarkaritel.com

India’s thermal power giant NTPC planning for aggressive renewable energy push

New Delhi : NTPC, state-run power giant, is planning for an aggressive push in the renewable energy segment and repurposing their existing coal-based plants, said its Chairman and Managing Director, Gurdeep Singh at an event on Tuesday. : Economic Times

PFC organizes Southern Region State Utilities Conference

New Delhi : PFC recently organized Southern Region State Utilities Conference on “PFC’s Financing in Dynamic Regulatory Environment” at Sanchi-Bhopal with participation from 23 State Sector Utilities of Southern Region. : psuconnect.in

Power Minister R.K. Singh inaugurates REC’s CSR initiative

Patna : Shri R.K. Singh, Union Minister of Power and New & Renewable Energy inaugurated REC’s CSR initiative for procurement, operation and maintenance of ten Mobile Health Clinics (MHC) at Sadar Hospital, Aarah, Bhojpur District Bihar. The total cost of the project is Rs. 12.68 crore which will facilitate operational expenditure for three years for smooth functioning of the project. : psuconnect.in

Dr Ashok Kumar, DDG, BEE, launched an IT-portal of BEE Facilitation Centre, under ADEETIE

New Delhi : BEE has set up a facilitation center to address the access to finance to a range of beneficiaries which benefit all major sectors of the economy. The FacilitationCentre is set up to upscale and encourage energyefficiency financing. : psuconnect.in

PFC sanctioned Rs. 1150 Cr for Installation of FGD and Development projects

New Delhi : Power Finance Corporation Limited has sanctioned term loans amounting to Rs. 709.73 Crore and Rs. 439.35 for Installation of (Flue-Gas Desulfurization) FGD, at Mejia Thermal Power Station and for Development of new T&D infrastructure and R&A projects. : psuconnect.in

Coal ministry to hold investor conclave to boost bidder participation in mines auction

New Delhi : The coal ministry on Tuesday said it will hold an investors’ conclave in Mumbai on 1 December to boost bidder participation in the commercial auction of coal mines. : Mint

Central Electricity Authority projects 9 per cent jump in peak power demand to 235GW in April 2023

New Delhi : Central Electricity Authority (CEA) on Tuesday said peak power demand may shoot up by nine per cent to 235 GW in April 2023 and called for proper planning to avoid recurrence of energy crisis. In April this year, the peak power demand was around 215GW. : Economic Times

Government offers Coal India flexibility to levy mine closure costs

New Delhi : Coal India Ltd (CIL) has been given freedom to pass mine closure costs on to consumers, but has not taken any such step yet, a company official said on Monday. : Economic Times

Opinion: Rooftop Solar: India’s Rising Hope in Renewable Energy

New Delhi : Disruptions in the supply of coal have interrupted power supply across the country, time and again in the last two summer seasons. These abrupt crises indicated that there is a grave need for steady solar power infrastructure. : Economic Times

Investor conclave in Mumbai on Thursday to boost bidders’ participation in commercial coal auction

New Delhi : The coal ministry on Tuesday said an investor conclave will be held this week in Mumbai in a bid to encourage participation of bidders in the commercial auction of blocks. Coal Minister Pralhad Joshi will chair the conclave to be held on December 1. Maharashtra Chief Minister Eknath Shinde will be the chief guest. : Economic Times

Govt to set up demo wind power plants

Panaji : The state government is looking at setting up wind power plants as a demonstration project, at Goa University. : Economic Times

Top business leaders to speak at Energy Partnership Forum by Brics Chamber of Commerce & Industry

New Delhi : The BRICS Chamber of Commerce & Industry is hosting the the maiden edition of its event “BRICS Energy Partnership Forum: For Sustainable Development” here today. : Economic Times

Partners Group AG to invest $300 million in Sunsure Energy for majority stake

New Delhi : Partners Group AG, a Switzerland-based private equity (PE) firm, is planning to invest $300 million in leading rooftop solar firm Sunsure Energy for a majority stake, two people aware of the development said. : Mint

Switch Mobility to supply and operate e-buses for JSW staff transportation

New Delhi : Switch Mobility Ltd (Switch), the next-generation carbon neutral electric bus and light commercial vehicle company, has partnered with JSW to introduce electric buses for employee transportation in India. : Economic Times

Opinion: Innovate to reduce CAPEX of Offshore wind energy

New Delhi : Offshore wind energy as a clean energy choice for electricity production has truly gained velocity in the recent past and is currently in the midst of a rapid growth trend. : Economic Times

Aadhaar-electricity connection linking in Tamil Nadu: Tangedco issues SOPs

Chennai : After the confusion on day one of the Aadhaar linking at electricity section offices in Tamil Nadu on Monday, Tangedco has distributed SOPs (standard operating procedures) to keep consumers at ease when they visit the office for the purpose. : Economic Times

Panasonic bets on India to cut solar imports from China

New Delhi : Panasonic Life Solutions, the Indian arm of Japanese consumer electronics and white goods giant, has chosen India as a base for expanding production of solar gears to serve the domestic and select export markets. : Economic Times

Yadadri power project will bring laurels to entire country: KCR

Hyderabad : Telangana Chief Minister K. Chandrasekhar Rao said on Monday that the projects such as the prestigious Yadadri Ultra Mega Thermal Power Project with a capacity of 4,000 MW, taken up by the Telangana government, will bring laurels to the entire country. : Economic Times

Storage Startup Gravitricity Secures £194,000 for Tech Demonstration in India

New Delhi : Storage Startup Gravitricity Secures £194,000 for Tech Demonstration in India. : mercomindia.com

US to Help Underserved Communities with $550 Million Clean Energy Fund

New Delhi : US to Help Underserved Communities with $550 Million Clean Energy Fund. : mercomindia.com

APTEL Orders TANGEDCO to Pay Solar Developers for Excess Power Consumed

New Delhi : APTEL Orders TANGEDCO to Pay Solar Developers for Excess Power Consumed. : mercomindia.com

CERC Allows Compensation to Solar Developers Under Change in Law due to GST

New Delhi : CERC Allows Compensation to Solar Developers Under Change in Law due to GST. : mercomindia.com

Insights on Clean Energy Adoption for Noida’s C&I Consumers

New Delhi : Insights on Clean Energy Adoption for Noida’s C&I Consumers. : mercomindia.com

MNRE Extends Last Date for Draft Policy For 4-GW Offshore Wind Power in Tamil Nadu

New Delhi : MNRE Extends Last Date for Draft Policy For 4-GW Offshore Wind Power in Tamil Nadu. : saurenergy.com

Global crude prices may rise due to supply concerns: Report

New Delhi : International crude oil prices are likely to rise the near to medium term, primarily due to supply concerns, according to a report by brokerage firm Emkay Global Financial Services. : Mint

India’s Inox GFL says wind businesses pay $50 million to reduce debt

New Delhi : Indian chemicals-to-energy conglomerate Inox GFL said on Tuesday its wind businesses paid 4.11 billion Indian rupees ($50.3 million) to reduce debt. : Mint

Airtel Business wins TPWODL mandate to power 2 lakh smart meters with IoTs

New Delhi : Telecom operator Bharti Airtel has won a cellular IoT solution mandate with TP Western Odisha Distribution Limited to deploy IoT solutions for 2 lakh Smart Meters, the company said on Tuesday. : Business Standard

Indore Municipality To Lead With First Green Municipal Bonds For Solar Plant

New Delhi : Indore Municipality To Lead With First Green Municipal Bonds For Solar Plant. : saurenergy.com

NTPC Floats Tender for Supply of Battery Energy Storage System at Khavda RE Park

New Delhi : NTPC Floats Tender for Supply of Battery Energy Storage System at Khavda RE Park. : saurenergy.com

Rajasthan Opens PM-KUSUM Online Land Registration Portal

New Delhi : Rajasthan Opens PM-KUSUM Online Land Registration Portal. : saurenergy.com

As Solar Spreads Out, Marketing Makes an Entrance

New Delhi : As Solar Spreads Out, Marketing Makes an Entrance. : saurenergy.com

APTEL Cites Unlawful Process in UP To Restore Bid Prices For Adani Green Energy

New Delhi : APTEL Cites Unlawful Process in UP To Restore Bid Prices For Adani Green Energy. : saurenergy.com

Ather Energy Drives Into Bihar With Experience Centre In Patna

New Delhi : Ather Energy Drives Into Bihar With Experience Centre In Patna. : saurenergy.com

The Top 5: Why Data Centres Are A Favourite To Shift To Renewable Energy

New Delhi : The Top 5: Why Data Centres Are A Favourite To Shift To Renewable Energy. : saurenergy.com

WBSEDCL Floats Tender for 10 MW Ground-Mounted Solar Plant at Gangapur

New Delhi : WBSEDCL Floats Tender for 10 MW Ground-Mounted Solar Plant at Gangapur. : saurenergy.com

Jinko, Trina, JA Solar, LONGi, Adani Top Solar Module Suppliers in 1H 2022

New Delhi : Jinko, Trina, JA Solar, LONGi, Adani Top Solar Module Suppliers in 1H 2022. : mercomindia.com

APTEL Rules in Favor of Solar Developers, Strikes Down Reduction of Tariff

New Delhi : APTEL Rules in Favor of Solar Developers, Strikes Down Reduction of Tariff. : mercomindia.com

Daily News Wrap-UP: Waaree Bags EPC Contract for a 52.5 MW Solar Project

New Delhi : Daily News Wrap-UP: Waaree Bags EPC Contract for a 52.5 MW Solar Project. : mercomindia.com


Oil and Gas

” New Delhi : GAIL (India) Ltd has integrated with INTERACTIONS, a global initiative to create connections between Nature, Humans and Animals through Biodiversity, Climate Change, Environment and Water Risks.” : Sarkaritel.com

ONGC gas price to be capped at $6.5 for 5 yrs, no change in Reliance-bp price

New Delhi : A government-appointed gas price review panel, led by Kirit Parikh, is recommending a floor and ceiling price for natural gas produced from legacy fields of state-owned firms for five years to help moderate CNG and piped cooking gas rates. : Economic Times

Qatar to supply liquefied natural gas to Germany from 2026

DOHA : Qatar is to supply liquefied natural gas to Germany under a 15-year deal signed Tuesday as the European economic powerhouse scrambles to replace Russian gas supplies that have been cut during the ongoing war in Ukraine. : Economic Times

Green hydrogen growth to be driven by close proximity of production and consumption points: Hardeep Singh Puri

New Delhi : The time for green hydrogen in India has come and will be driven by close proximity of manufacturing and consumption points, said Hardeep Singh Puri, minister of petroleum, natural gas, and house and urban affairs at an event on Tuesday. : Economic Times

Opinion: Europe on course to end winter with plenty of gas: Kemp

London : Europe’s gas inventories are on course to end the winter of 2022/23 at one of the highest levels on record – if prices stay high and provided pipeline deliveries from Russia continue. : Economic Times

EasyJet, Rolls-Royce test hydrogen-run aircraft engine

London : Airline EasyJet and aircraft engine maker Rolls-Royce said Monday they had successfully tested a hydrogen-powered aircraft engine, in what the British companies described as a world first for aviation. : Economic Times

India panel to favour linking local gas prices to local crude basket: sources

New Delhi : The panel reviewing natural gas prices in India is set to recommend linking the price of most local output to an Indian crude basket, and also suggest a price cap that would be about 25 per cent lower than current rates, industry sources told Reuters. : Economic Times

Poland’s PKN Orlen Q3 net profit quadruples after Lotos takeover

New Delhi : Poland’s biggest refiner PKN Orlen reported on Tuesday a 336% year-on-year increase in third-quarter net profit, boosted by the takeover of Grupa Lotos in July. : Economic Times

UAE brings forward oil production capacity expansion to 2027

Dubai : The board of Abu Dhabi’s ADNOC endorsed plans on Monday to bring forward the company’s five million barrel per day oil production capacity expansion to 2027 from a previous target of 2030, to meet rising global energy demand. : Economic Times

Russia oil turmoil seen driving tanker market higher

London : Tough new sanctions on Russian oil shipments taking effect from December are likely to boost already high tanker rates as buyers race to replace cargoes and are forced to use longer routes, a leading ship manager said. : Economic Times

BP weighs ending its 70-year-old Statistical Review of World Energy

London : BP is considering ending the publication of its Statistical Review of World Energy, over 70 years after it first published the benchmark report, as the energy major focuses on its shift to renewables, the company told Reuters. : Economic Times

Looking to raise debt for our first Green Hydrogen project: Vineet Mittal, Avaada

New Delhi : We were the first company to create a success story in the renewable energy space in India. We have built our project portfolio cautiously with one criterion in mind – will the consuming entity honour the contract and pay us on time? In the first year. : Economic Times

Gasoline shortages affecting about a quarter of Hungary’s filling stations: news website

New Delhi : Temporary gasoline shortages could be affecting about a quarter of Hungary’s filling stations, including as many as 100 owned by oil and gas group MOL, news site Telex.hu reported on Tuesday. : Economic Times

Russia discussing ‘gas union’ with Kazakhstan and Uzbekistan: deputy PM

New Delhi : Russia is discussing a possible “gas union” with Kazakhstan and Uzbekistan to support shipments between the three countries and to other energy buyers, including China, senior Russian officials said on Tuesday. : Economic Times

Oil jumps on hopes for easing in China’s Covid controls

Tokyo, Japan : Oil jumped on Tuesday, buoyed by hopes that China would relax its Covid-19 controls after rare protests against the country’s zero-Covid strategy over the weekend in big Chinese cities. : Economic Times

Exxon to exit Equatorial Guinea amid wider Africa crude phaseout

Houston : Exxon Mobil Corp will wind down oil production in Equatorial Guinea and leave the West African country after its license expires in 2026, two sources close to the matter told Reuters. : Economic Times

Italy would ideally need 4 new LNG terminals, Eni head says

New Delhi : Italy needs to significantly increase its liquefied natural gas (LNG) import capacity, the chief executive of Eni said on Monday, adding that the country would ideally need four new LNG terminals. : Economic Times

Opinion: European power firms at risk as US jumps on bioenergy bandwagon: Maguire

New Delhi : Firms that turn household, industrial and farm waste into usable energy are on the radar of international investors this week following the $2 billion acquisition by oil and gas giant Shell of Danish biogas producer Nature Energy. : Economic Times

Rosneft innovates for oil and gas industry

New Delhi : Rosneft has become the first Russian company to develop software that covers all the key oil and gas production processes. The Russian giant has been quite proactive in securing its technological independence. : Economic Times

Chevron awaits Venezuelan oil cargoes, but PDVSA wants payments

Houston : Chevron Corp aims to start receiving cargoes of Venezuelan oil as early as December after the oil company last week received a US license to do so, but Caracas may not be as eager because US sanctions restrict payments, people familiar with the matter said. : Economic Times

US seeks to limit flaring and methane leaks from public lands drilling

Washington : President Joe Biden’s administration on Monday proposed rules aimed at limiting methane leaks from oil and gas drilling on public lands, Washington’s latest move to crack down on emissions of the potent greenhouse gas. : Economic Times

Woodside Energy bumps up output view for fiscal 2023

New Delhi : Australia’s Woodside Energy Group said on Tuesday that for fiscal 2023 it expected to produce between 180 and 190 million barrels of oil equivalent (MMboe), up from the fiscal 2022 production forecast of 153-157 MMboe. : Economic Times

Oil prices slide on concerns over China’s demand

Tokyo, Japan : Oil prices dropped in early trade on Tuesday, weighed down by concerns about slowing fuel demand in top crude importer China amid strict COVID-19 curbs. : Economic Times

India bought 40% of Russian Urals oil in Nov

New Delhi : India bought about 40% of all Urals seaborne export volumes loading in November, outperforming other states as buyers, Reuters calculations based on Refinitiv and traders’ data showed on Monday. : Economic Times

Parikh panel backs lifting cap on price of gas produced in ‘difficult fields’

New Delhi : The Kirit Parikh panel on gas pricing is set to recommend the gradual lifting of the price ceiling on gas produced from difficult fields when it submits its report on Wednesday. : Mint

India to pitch for international biofuels alliance at G20, says Puri

New Delhi : India will at the upcoming G20 meeting plans to pitch for a global alliance on biofuels on lines of the highly-successful international solar alliance, Oil Minister Hardeep Singh Puri said on Tuesday. : Business Standard

Crude oil prices can rise up to $110 a barrel in 2023, say analysts

New Delhi : Brent crude oil prices can rise up to $110 a barrel in 2023, up nearly 33 per cent from the current levels, said analysts at Morgan Stanley in a recent note. : Business Standard

Minister for Law & Justice Kiren Rijiju visited Numaligarh Refinery Project Site; interacts with officials

New Delhi : Hon’ble Union Minister for Law & Justice Shri Kiren Rijiju visited Numaligarh Refinery Project Site and interacted with officials. He was accorded a warm welcome by MD NRL Mr Bhaskar Jyoti Phukan at the Central Control Room. : psuconnect.in

Shell Buys Renewable Natural Gas Producer Nature Energy for $2 Billion

New Delhi : Shell Buys Renewable Natural Gas Producer Nature Energy for $2 Billion. : mercomindia.com

Oil prices slide on concerns over China’s demand amid Covid curbs

New Delhi : Oil prices dropped in early trade on Tuesday, weighed down by concerns about slowing fuel demand in top crude importer China amid strict COVID-19 curbs. : Business Standard

Germany to get new Qatari LNG flows via QatarEnergy, ConocoPhillips deal

New Delhi : Germany is set to receive new flows of Qatari liquefied natural gas (LNG) from 2026 after QatarEnergy and ConocoPhillips on Tuesday signed two sales and purchase agreements for its export covering at least a 15-year period. : Business Standard

Oil prices slide on concerns over China’s demand

New Delhi : Oil prices dropped in early trade on Tuesday, weighed down by concerns about slowing fuel demand in top crude importer China amid strict COVID-19 curbs. : Mint

Value of Russian oil exports fall as G7 price cap nears

New Delhi : The value of Russia’s key crude exports has come under renewed pressure as EU sanctions and the G7’s price cap edge closer amid growing signs that the curbs pose little threat to Moscow’s resilient output and oil revenues, S&P Global Commodity Insights said in a report on Tuesday. : Mint

Sarkaritel
By Sarkaritel November 30, 2022 06:42