By Sarkaritel October 1, 2022 06:22



” Mumbai : Country largest power generator, NTPC ltd has been awarded for Excellence in Power Generation at PSU & Government Summit organised by Dun & Bradstreet held in New Delhi.” :

REC bags ‘Best PSU’ and ‘Best Navratna’ awards

New Delhi : REC Limited has been recognized as the ‘Best PSU’ in the Financial Services category and also as the ‘Best Navratna’ by Dun & Bradstreet for FY21-22. The ceremony took place in New Delhi. Executive Directors of REC, TSC Bosh and Sanjay Kulshrestha received the awards on behalf of the Company. :

” New Delhi : NHPC organized a grand closing ceremony of Hindi Pakhwada on 30.09.2022 at Corporate Office, Faridabad. R. P. Goyal, Director (Finance), NHPC was the Chief Guest on the occasion. The function began with lighting of lamp by Chief Guest and other senior officers.” :

NTPC Awarded for Excellence in Power Generation

New Delhi : NTPC Limited has been awarded for Excellence in Power Generation at PSU & Government Summit organised by Dun & Bradstreet held in New Delhi. :

CCI clears acquisition of ports, power assets of Essar Group by ArcelorMittal Nippon Steel

New Delhi : The Competition Commission of India (CCI) on Thursday cleared the acquisition of certain ports and power infrastructure assets of Essar Group by ArcelorMittal Nippon Steel India Ltd. : Economic Times

PFC with ASPIRE DISCOMs organized workshop on Smart Meter

New Delhi : Power Finance Corporation Limited (PFC) in association with the DISCOMs of Andhra Pradesh and Accelerating Smart Power and Renewable Energy (ASPIRE) programme, organized a one-day workshop on “Smart Meter Roll out in Andhra Pradesh” in Vijayawada, Andhra Pradesh on 28th September 2022. :

PowerGrid has been awarded in Power Transmission (Central PSUs) category

New Delhi : PowerGrid Corporation of India, Schedule ‘A’, ‘Maharatna’ Public Sector Enterprise of Govt. of India has been awarded in the Power Transmission (Central PSUs) category at the PSU and Government Summit 2022 organised by Dun & Bradstreet. :

Brookfield Renewable ploughs $1.54 bln in buyouts to boost clean-energy portfolio

New Delhi : Brookfield Renewable Corp on Thursday disclosed acquisition of two clean power companies for about $1.54 billion as the alternative energy investor seeks to expand its renewables portfolio. : Economic Times

Russia miner Udokan Copper eyes renewable energy market in India

New Delhi : Udokan Copper, the company developing Russia’s largest copper deposit (Russian Far East) and one of the world’s largest copper deposits, is eyeing the Indian renewable energy market using the maritime connectivity route from Russian Far East. : Economic Times

Chatti-Bariatu, NTPC’s 4th coal mine joins coal producing league

New Delhi : NTPC commenced coal production from the Chatti-Bariatu coal mine located in the Hazaribag district of Jharkhand, on 29.09.2022. :

Toshiba Announces Conversion Efficiency of 9.5% for Solar Cells Used in Charging EVs

New Delhi : Toshiba Announces Conversion Efficiency of 9.5% for Solar Cells Used in Charging EVs. :

Bids Invited to Commission 50 MW of Rooftop Solar Projects in Uttar Pradesh

New Delhi : Bids Invited to Commission 50 MW of Rooftop Solar Projects in Uttar Pradesh. :

Germany’s Leag eyes 1,000 MW solar park in renewables expansion

Frankfurt : German brown coal miner and power generator Leag unveiled plans on Thursday to build a 1,000 megawatt (MW) solar park that could open in early 2026, as it looks to expand in renewable energy. : Economic Times

Wind turbine maker Siemens Gamesa plans 2,900 jobs cuts

New Delhi : Wind turbine maker Siemens Gamesa said Thursday it plans to slash 2,900 jobs worldwide, or about 11 percent of its total workforce, as part the company’s efforts to boost its profitability. : Economic Times

Electric cable near Nord Stream blasts to be checked in Sweden

New Delhi : Tests will be carried out on an electric cable between Sweden and Poland to see if it has been damaged by one of the Nord Stream pipelines explosions, Swedish grid operator Svenska Kraftnat said. : Economic Times

JSW Neo Energy-Mytrah deal gets CCI approval

New Delhi : Competition Commission of India on Thursday approved the acquisition of 18 subsidiaries of Mytrah Energy by JSW Neo Energy Ltd. : Economic Times

Plan afoot to streamline coal movement in summer

New Delhi : India is drawing up a plan to streamline coal movement to avoid the summer season rush to reach fuel to thermal power plants that disrupt railway traffic, reducing supplies to non-power industries and hitting the movement of other goods. : Economic Times

Sterlite Power postpones IPO plans on current market volatility

New Delhi : Sterlite Power on Friday announced deferring its Rs 1,250 crore-IPO in view of current volatility in the stock market. In August 2021, the company had filed the Draft Red Herring Prospectus (DRHP) with markets regulator Sebi. : Economic Times

US proposal would permit eagle deaths as renewables expand

New Delhi : The Biden administration on Thursday proposed a new permitting program for wind energy turbines, power lines and other projects that kill eagles, amid growing concern among scientists that the rapid expansion of renewable energy in the U.S. West could harm golden eagle populations now teetering on decline : Economic Times

BSES to provide ‘tatkal’ temporary electricity connections for pujas, Diwali melas, Ramlilas

New Delhi : Power discom BSES will provide immediate temporary electricity connections for pujas, Diwali melas, Ramlilas and weddings in Delhi in order to tackle air pollution during the festive season, according to a statement on Thursday. : Economic Times

SC sets aside appellate electricity panel verdict cancelling power distribution licence of JSPL

New Delhi : The Supreme Court Thursday set aside the 2008 verdict of the Appellate Tribunal for Electricity cancelling the licence of Jindal Steel and Power Limited (JSPL) to distribute electricity to industrial consumers in the Jindal Industrial Park and two villages of Raigarh district in Chhattisgarh. : Economic Times

Madhya Pradesh: Discom to set up 11 new grid stations for service upgrade

Indore : Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited (MPPKVVCL) will set up 11 new hi-tech grid-stations in and around Indore to meet increasing demand and improve power distribution services. : Economic Times

Canada’s Enbridge buys US green power firm Tri Global

New Delhi : Canadian energy infrastructure firm Enbridge Inc on Thursday said it has acquired US-based renewable energy developer Tri Global Energy (TGE) for $270 million and assumed its debt. : Economic Times

CSR: REC sanctioned Rs. 15.89 Cr to Swami Vivekananda National Institute

New Delhi : Under its CSR Initiative, REC has sanctioned Rs. 15.89 Crores to Swami Vivekananda National Institute of Rehabilitation Training and Research (SVNIRTAR) for the construction of 100 bedded building. :

Competition Commission Approves JSW’s Acquisition of Mytrah Energy Subsidiaries

New Delhi : Competition Commission Approves JSW’s Acquisition of Mytrah Energy Subsidiaries. :

Andhra Pradesh Sets Renewable Power Purchase Obligation Targets Until 2026-27

New Delhi : Andhra Pradesh Sets Renewable Power Purchase Obligation Targets Until 2026-27. :

GUVNL Invites Bids for 600 MW of Solar Projects With Additional 600 MW Greenshoe Option

New Delhi : GUVNL Invites Bids for 600 MW of Solar Projects With Additional 600 MW Greenshoe Option. :

Intersect Power Closes $3.1 Billion Financing for 2.2 GW Solar Plus Storage Portfolio

New Delhi : Intersect Power Closes $3.1 Billion Financing for 2.2 GW Solar Plus Storage Portfolio. :

SJVN CMD flagged off component of II Unit of 1320 MW Buxar Thermal Power Project

Shimla : Sh. Nand Lal Sharma, Chairman & Managing Director, SJVN virtually flagged off a critical component Generator Stator of the Second Unit of 1320 MW Buxar Thermal Power Project from L&T Hazira Plant in Gujarat to the Project site. :

Brookfield Acquires Scout Clean Energy and Standard Solar for Over $1.5 Billion

New Delhi : Brookfield Acquires Scout Clean Energy and Standard Solar for Over $1.5 Billion. :

Oil and Gas

” New Delhi : GAIL’s digital initiative ‘Hawa Badlo’ has won ET Brand Equity Brand Bharat Award ’22 for persistent Social Awareness Campaigns against air pollution for a better environment. The award was received by S. Halder, Executive Director (Corporate Communications & Corporate Affairs), GAIL at an online ceremony here today.” :

” New Delhi : Starting from today IndianOil, in association with All India Chess Federation (AICF)organised country’s first ever National Online Chess Tournament for jail inmates of 20 prisons across the country under its unique social initiative- “Parivartan” Prison to Pride sports training program.” :

Gas leaks from ONGC well in Mehsana; people complain of irritation in eyes, throat

New Delhi : Gas leaked from a well of the Oil and Natural Gas Corporation (ONGC) near a village in Gujarat’s Mehsana district on Friday, an official said. While the gas is not inflammable or poisonous, people in nearby areas have complained of burning sensation in their eyes and throat, he said. : Economic Times

IOC to set up unit in GIFT City to help raise capital

New Delhi : Indian Oil Corporation (IOC), the nation’s largest oil firm, on Thursday said it will float a new company to carry out finance activities including global treasury services in GIFT City, Gandhinagar. : Economic Times

Iraq’s forex reserves hit record high as oil prices soar

New Delhi : Iraq’s foreign exchange reserves have surpassed $87 billion, the highest level the central bank has seen since its establishment in 1947, local media reported. : Economic Times

Oil poised for weekly gain on prospect of OPEC+ output cut, weaker dollar

New Delhi : Oil prices were little changed during Asian trade on Friday, though headed for their first weekly gain in five weeks, underpinned by a weaker US dollar and the possibility that OPEC+ may agree to cut crude output when it meets on Oct. 5. : Economic Times

No timeframe for fixing Nord Stream pipelines: Operator

New Delhi : Nord Stream’s operator said Thursday it was unable to immediately assess damage to pipelines linking Russia to Europe, threatening an indeterminate outage — after Sweden detected a fourth leak and NATO decried “acts of sabotage”. : Economic Times

Nord Stream gas ‘sabotage’: who’s being blamed and why?

Warsaw : Major leaks that suddenly erupted in the Nord Stream gas pipelines that run from Russia to Europe under the Baltic Sea have generated plenty of theories but few clear answers about who or what caused the damage. : Economic Times

Europe makes sharp U-turn from green energy: Qatar energy minister

New Delhi : QatarEnergy CEO and state minister for energy Saad al-Kaabi said on Thursday that skyrocketing energy prices are “weighing painfully” on the global economy, dampening support for the transition to green energy. : Economic Times

Argentina’s shale output to stall amid bottlenecks, analyst warns

Houston : Activity levels are at all-time highs in Argentina’s prime oil and gas producing region, but equipment and transport bottlenecks are limiting its growth, an analyst said on Thursday at a energy conference. : Economic Times

Germany to spend billions to tackle high energy prices

Berlin, Germany : Germany plans to spend up to 200 billion euros ($195 billion) helping consumers and businesses cope with surging energy prices, particularly for natural gas, due to the war in Ukraine. : Economic Times

Opinion: US gas exports squeeze domestic supply: Kemp

London : US gas production will need to increase significantly to continue growing exports while ensuring fuel remains affordable for domestic power producers, households and industrial users. : Economic Times

Oil steadies on prospect of OPEC+ output cut, weaker dollar

Melbourne : Oil prices were little changed in early trade on Friday but headed for their first weekly gain in five weeks, underpinned by a weaker US dollar and the possibility that OPEC+ may agree to cut crude output when it meets on Oct. 5. : Economic Times

US sanctions traders of Iranian oil as nuclear talks stall

Washington : The US on Thursday imposed sanctions on a group of firms it says have played a critical role in shipping sanctioned Iranian oil. : Economic Times

Europe braces for heavy oil refinery outages amid tight supplies

London : A heavy oil refinery turnaround season in Europe this autumn, plus French strike action, is set to push diesel prices higher and tighten supplies ahead of a European Union ban on Russian refined products which is due to come into force early next year. : Economic Times

Nato believes Baltic Sea gas leaks were sabotage

New Delhi : Nato said on Thursday it would retaliate for any attacks on the critical infrastructure of the 30-member-countries organisation as it suggested that damage to two gas pipelines off Denmark and would-be member Sweden in international waters in the Baltic Sea is the result of sabotage. : Economic Times

Minister Rameswar Teli Inaugurates a CNG facility at Nesappakkam, Chennai

New Delhi : Minister of State for Ministry of Petroleum and Natural Gas Shri Rameswar Teli inaugurated a CNG facility at Nesappakkam, Chennai on September 29, 2022. :

All torrent CNG stations in Pune will remain closed on October 1

New Delhi : A notification issued by All India Petrol Dealers Association on Friday stated that all outlets which have Torrent CNG station at their petrol pumps will remain shut on October 1 as a token protest for an increase in dealer commission. : Hindustan Times

Energy crisis sires new European order: a strong Italy and ailing Germany

Frankfurt : In the weeks after Russia’s invasion of Ukraine on Feb. 24, Claudio Descalzi, CEO of Italian energy major Eni, embarked on a whirlwind of trips to gas suppliers in Africa. : Economic Times

Methane blast in Baltic Sea highlights global problem

New York : As serious as the methane escaping from ruptured pipelines on the floor of the Baltic Sea may be, there are alarming incidents of massive methane releases around the world frequently. : Economic Times

EU set to adopt windfall levy, but no deal on gas price cap

New Delhi : European Union energy ministers were set Friday to adopt a package of measures including a windfall levy on profits by fossil fuel companies, but a deal on capping gas prices remained off the table. : Economic Times

Equinor’s CFO steps down after 16 months, moves to Carlsberg

Oslo : Equinor’s chief financial officer (CFO) will step down next week and take up a position from Jan. 1 as CFO of Danish brewer Carlsberg , the two Nordic companies said on Friday. : Economic Times

Ohmium, Amp Energy India collaborate on 400 MW of green hydrogen projs

New Delhi : Ohmium International and Amp Energy India have collaborated to deploy 400 MW of green hydrogen projects in the next three years. : Economic Times

India’s central bank encouraging state refiners to cut spot dollar buying: Sources

New Delhi : India’s central bank is encouraging state-run refiners to reduce dollar buying in the spot market to contain a sharp fall in the rupee, two sources said, adding they have been asked to lean on a special credit line instead. : Economic Times

Rich nations to face climate pressure at pre-COP27 talks in DR Congo

New Delhi : Environment ministers from some 50 countries gather in DR Congo on Monday for the pre-COP27 climate talks, with rich countries expected to come under pressure to contribute more to fight global warming. : Economic Times

US imposes sanctions on Indian company over alleged Iran oil deal

New York : In what is likely the first action against an Indian company for allegedly dealing in Iranian petroleum products, the US Treasury Department has imposed sanctions on Mumbai-based Tibalaji Petrochem Private Limited. : Economic Times

Baltic Sea pipeline leak damages marine life and climate

Washington : Methane escaping from the damaged Nord Stream pipelines that run between Russia and Europe is likely to result in the biggest known gas leak to take place over a short period of time and highlights the problem of large methane escapes elsewhere around the world, scientists say. : Economic Times

Capricorn to merge with NewMed in Israel-Egypt gas tie-up, ditching Tullow

London : Capricorn Energy plans to merge with Israel’s NewMed in an all-share deal after paying a $620 million special dividend to its shareholders, ditching a previous scheme to merge with Tullow Oil. : Economic Times

Explainer: How could Europe cap gas prices?

New Delhi : The European Union is considering options to cap gas prices, as a growing number of countries pressure Brussels to put a lid on sky-high fuel costs. : Economic Times

Sulphur recovery unit commissioned at CPCL Manali refinery

New Delhi : Union Minister of State for Petroleum and Natural Gas Rameswar Teli commissioned a Rs 570-crore new sulphur recovery unit at the Chennai Petroleum Corporation Ltd (CPCL) refinery at Manali here on Thursday. : Economic Times

Dutch govt has no crisis plan for oil, diesel shortage, auditor says

New Delhi : The Dutch government does not have a crisis plan in case of an oil or diesel shortage, the Netherlands’ Court of Audit said in a report on strategic reserves published on Thursday. : Economic Times

Analysis: Nigeria squanders oil price bonanza as gasoline subsidies soar

London : Nigeria has failed to capitalise on an oil price boom that has helped cushion other exporters from the impact of inflation, with millions more Nigerians now facing poverty. : Economic Times

Canada’s Teck eyes spinoff or divestment of Fort Hills oil sands stake

New Delhi : Canada’s Teck Resources said on Thursday it could pursue a spinoff or divestment of its stake in the Fort Hills oil sands project if the value of the asset is not reflected in Teck’s share price. : Economic Times

Gas prices hiked 40%; CNG, PNG to cost more

New Delhi : Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, were on Friday hiked by a steep 40 per cent to record levels, in step with global firming up of energy rates. : Economic Times

Sales of CNG-powered vehicles take a hit as global natural gas prices soar

New Delhi : A sharp increase in the international price of natural gas has led Indian automakers to cut their production target for CNG-powered vehicles, as they expect local rates that are already high to jump further in the next round of revision and hurt demand, ET has learnt. : Economic Times

Oil set for weekly gain as dollar weakens, OPEC+ considers output cut

New Delhi : Oil prices were on track for their first weekly gain in five on Friday, underpinned by a weaker dollar and the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5. : Business Standard

LNG markets may tighten further in 2023 as demand likely to rise: IEA Chief

New Delhi : LNG markets in 2023 may be tighter than this year as demand may rise in China, India and other parts of Asia, the head of the International Energy Agency (IEA) said on Thursday. : Business Standard

Petrol, Diesel Price Today: Check Fuel Rates In Delhi, Mumbai And Other Cities

New Delhi : On September 30, fuel prices across the nation remained constant for yet another day. The price of petrol and diesel last changed on May 22, 2022, because of a reduction in the excise duty by the centre. By lowering the cost of petrol and diesel by Rs. 8 and Rs. 6 per litre, respectively. :

Natural gas prices hiked to record high

New Delhi : The price of natural gas has been raised by 40% to a record high in line with firming up of global energy prices spurred by the Ukraine crisis. : Mint

European Union approves energy windfall profit levies, says report

New Delhi : European Union (EU) countries disagreed on Friday about whether and how to cap runaway gas prices, with Germany among those opposing the measure that 15 other states said was needed to tackle Europe’s energy crunch. : Business Standard

By Sarkaritel October 1, 2022 06:22