10-Oct-2024
Power
” New Delhi : Ratan Naval Tata, the Chairman Emeritus of Tata Sons, passed away at the Breach Candy Hospital following age-related health conditions. He was 86. Tata was admitted to the hospital on Monday, sparking intense speculation on his health status in corporate, political and common circles.” : Sarkaritel.com
India expands budgetary support scheme for hydropower, eyes 15 GW from pumped storage projects
New Delhi : India expands budgetary support scheme for hydropower, eyes 15 GW from pumped storage projects. : Economic Times
World on track to add 5,500 GW of renewable capacity by 2030, solar to drive 80% of growth
New Delhi : World on track to add 5,500 GW of renewable capacity by 2030, solar to drive 80% of growth. : Economic Times
Tata Power-DDL issues safety appeal ahead of Dussehra celebrations in Delhi
New Delhi : With Dussehra celebrations just around the corner, the Tata Power Delhi Distribution Limited (Tata Power-DDL) on Wednesday issued a safety appeal to the residents of Delhi, urging them to refrain from burning effigies near electrical installations. : Economic Times
India’s Green Energy Push Spawns a Unique Resale Market
New Delhi : India’s Green Energy Push Spawns a Unique Resale Market. : Mint
Tata Power, JSW Energy get ‘buy’ tag from Nomura, up to 22% upside likely
New Delhi : Nomura initiated coverage on Tata Power and JSW Energy with a ‘buy’ rating and target prices of ?560 and ?885, respectively. : Mint
Tata Power seeks Rs 21,000 crore wind turbine bids for 3 GW green push
New Delhi : Renewable energy company Tata Power is seeking bids for wind turbines with a capacity of over 3 Gigawatts (GW) as part of its ambitious plan to scale up wind-solar hybrid projects across the country, reported The Economic Times citing sources. : Business Standard
Renewable energy to fall short of UN goal to triple by 2030, says IEA
New Delhi : Renewable energy sources are set to meet nearly half of all electricity demand by the end of the decade, but to fall short of a UN goal to triple capacity to reduce carbon emissions, an International Energy Agency (IEA) report showed on Wednesday. : Business Standard
SJVN allocates 1.2 GW of renewables-plus-storage capacity at average price of $0.051/kWh
New Delhi : SJVN’s second tender for the selection of developers to supply 1.2 GW of firm and dispatchable power from RE projects with energy storage systems has yielded a tariff of INR 4.25 ($0.051)/kWh. : pv-magazine.com
Govt allocates Rs 12,460 cr towards creating ‘enabling infra’ for hydropower projects
New Delhi : The government has allocated a corpus of Rs 12,461 crore towards creating “enabling infrastructure” for upcoming hydropower projects and Pumped Storage Projects (PSPs), said an order issued by the Ministry of Power. : psuwatch.com
Goldi Solar plans to launch IPO in 2026
New Delhi : Goldi Solar plans to launch IPO in 2026. : Economic Times
India adds 11.3 GW solar module capacity in 1H 2024; solar imports soar by 338%
New Delhi : India adds 11.3 GW solar module capacity in 1H 2024; solar imports soar by 338%. : Economic Times
India’s power demand to reach 270 GW next year, 446 GW by 2035; 100 GW transmission capacity boost planned
New Delhi : India’s power demand to reach 270 GW next year, 446 GW by 2035; 100 GW transmission capacity boost planned. : Economic Times
India’s coal-fired monthly power output slips consecutively for the first time since pandemic
New Delhi : India’s coal-fired power output fell for a second straight month in September on an annual basis due to slower growth in electricity use and a surge in solar generation, a Reuters review of data from the federal grid regulator showed. : Economic Times
From AI to steel, blue is the new green for power-hungry industry
New Delhi : A nuclear station in Pennsylvania, US, which saw America’s worst nuclear accident in 1979 and was shut down in 2019, is reopening. Three Mile Island will restart operations to provide power to Microsoft. : Economic Times
Torrent Power share price rises 9% to 1 year high on securing 2,000 MW of energy storage contracts in Maharashtra
New Delhi : Torrent Power share price gained 9% in the morning trades on Wednesday. The Torrent Power share price also hit 1 year (52 week High) on Wednesday. : Mint
Torrent Power hits life high on securing 2k MW energy storage project
New Delhi : Torrent Power shares gained 9 per cent in trade on Wednesday, October 9, and registered a new high at Rs 1,983.7 per share. : Business Standard
India coal-fired power output falls consecutively for 1st time since Covid
New Delhi : India’s coal-fired power output fell for a second straight month in September on an annual basis due to slower growth in electricity use and a surge in solar generation, a Reuters review of data from the federal grid regulator showed. : Business Standard
Power demand may reach 270 GW next year, 446 GW by 2035: CEA Chairperson
New Delhi : The peak power demand is expected to touch the 270 GW mark next fiscal and reach a level of 446 GW by 2035, Central Electricity Authority Chairperson Ghanshyam Prasad said on Wednesday. : Business Standard
Hitachi Energy introduces Grid-enSure to advance India’s transition to sustainable energy
New Delhi : Hitachi Energy in India has introduced Grid-enSure, a fully integrated portfolio that enhances grid flexibility, resilience, and stability to accelerate the sustainable energy transition. : pv-magazine.com
India to be fastest-growing RE market; China to account for 60% of global RE expansion by 2030: IEA
New Delhi : India will be the fastest-growing Renewable Energy (RE) market among large economies through 2030, while China will account for 60 percent of the expansion in global RE capacity by 2030, says a new report by the International Energy Agency (IEA). : psuwatch.com
Saatvik Solar gets 213 MW PV module supply order
New Delhi : Saatvik Solar on Wednesday said it has got an order to supply 213 MW of solar PV modules from a private player. : psuwatch.com
Oil and Gas
” Mumbai : Ratan Naval Tata, the Chairman Emeritus of Tata Sons, passed away at the Breach Candy Hospital following age-related health conditions. He was 86. Tata was admitted to the hospital on Monday, sparking intense speculation on his health status in corporate, political and common circles.” : Sarkaritel.com
HPCL exports first ever HP Lubricants in US Market
New Delhi : Hindustan Petroleum Corporation Limited (HPCL) has achieved a milestone with its first-ever export of HP LUBRICANTS to the United States, marking its presence in the 30th country globally. : psuconnect.in
ONGC and ISRO planning for Satellite Methane Monitoring
New Delhi : The Oil and Natural Gas Corporation (ONGC) is currently in negotiations with the Indian Space Research Organisation (ISRO) to use its satellites for more affordable and accurate detection of methane leakage at all of its facilities across the country. : psuconnect.in
BP drops oil output target in strategy reset, say sources
New Delhi : BP drops oil output target in strategy reset, say sources. : Economic Times
Oil markets may draw strength from Middle East flare-up, China stimulus
New Delhi : Oil markets may draw strength from Middle East flare-up, China stimulus. : Economic Times
India’s Jindal Power abandons oil venture with Venezuela’s PDVSA
New Delhi : Jindal Power Ltd. is walking away from a venture that would have operated an oil-processing facility for Venezuela’s state-controlled crude producer, according to people familiar with the matter. : Mint
Jindal abandons oil venture with Venezuela’s crude producer PDVSA: Report
New Delhi : Jindal Power Ltd. is walking away from a venture that would have operated an oil-processing facility for Venezuela’s state-controlled crude producer, according to people familiar with the matter. : Business Standard
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On October 9
New Delhi : Petrol, Diesel Prices Today On October 9, 2024: Every day at 6 a.m., oil marketing companies (OMCs) announce the price of petrol and diesel, maintaining consistency despite these commodities’ inherent volatility. : news18.com
Oil prices steady after sliding on potential Israel-Hezbollah ceasefire
New Delhi : Oil prices steady after sliding on potential Israel-Hezbollah ceasefire. : Economic Times
India to pass new law on oil exploration in next parliament session, says union petroleum and natural gas minister
New Delhi : India will pass a new law in the next parliament session to facilitate investments in exploration of major offshore oil deposits located in previously blocked zones, Union petroleum and natural gas minister Hardeep Singh Puri said on Tuesday. : Mint
Oil drops for second straight day on high US crude inventories; Israel-Iran war curbs losses; Brent down 2% to $75
New Delhi : International crude oil prices pared early gains from the session and extended losses for the second straight day to drop by more than $1 per barrel on Wednesday, October 9. : Mint
BPCL, HPCL and IOC rises over 3% with sharp fall in crude oil price
New Delhi : The shares of oil marketing companies such as BPCL, HPCL, and Indian Oil opened higher in Wednesday’s trading session, following a sharp drop in crude oil prices on Tuesday. : psuconnect.in
