17-Oct-2024
Power
” New Delhi : PFC Infra Finance IFSC Limited (PIFIL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC), has received approval from International Financial Services Centres Authority (IFSCA) to commence business as a Finance Company in IFSC GIFT City Gujarat.” : Sarkaritel.com
” Chennai : As Chennai, the capital city of Tamil Nadu, faces a crisis of flood due to incessant and heavy rain that caused inundation of many areas in the city, NLC India Limited, has come forward to swiftly extend its support.” : Sarkaritel.com
POWERGRID AcquiresThree ISTS Projects under TBCB for Transmission of Green Energy
New Delhi : Power Grid Corporation of India Limited (POWERGRID) – a Maharatna CPSU under Ministry of Power has on 15thOctober 2024 acquired three (03) Projectq (SPVs) to execute Inter-State Transmission Projectsrelated to transmission of renewable energy. : Sarkaritel.com
PowerGrid acquires three SPVs worth ?8,769 crore for renewable energy transmission projects
New Delhi : PowerGrid acquires three SPVs worth ?8,769 crore for renewable energy transmission projects. : Economic Times
Global energy system faces rising risks amid geopolitical strains: IEA
New Delhi : Global energy system faces rising risks amid geopolitical strains: IEA. : Economic Times
Energy efficiency in elevators: Why it’s a growing need in today’s world
New Delhi : Energy efficiency in elevators: Why it’s a growing need in today’s world. : Economic Times
World heading into ‘the Age of Electricity’: IEA
New Delhi : World heading into ‘the Age of Electricity’: IEA. : Economic Times
DVC likely to acquire Hiranmaye Energy with highest bid offer of Rs 1,500cr
New Delhi : DVC likely to acquire Hiranmaye Energy with highest bid offer of Rs 1,500cr. : Economic Times
Tembo Global wins ?595 crore solar contract from Maharashtra State Electricity
New Delhi : Tembo Global wins ?595 crore solar contract from Maharashtra State Electricity. : Economic Times
Hidden crystal structures unlocked: A new era for energy innovation and material design
New Delhi : Hidden crystal structures unlocked: A new era for energy innovation and material design. : Economic Times
India set to lead global energy demand growth, coal will remain central: IEA
New Delhi : India is poised to experience more energy demand growth than any other country over the next decade due to its large population and rising demand from all sectors, according to a new report by the International Energy Agency. : Economic Times
India installs 400,000 rooftop solar units under PM’s free electricity scheme
New Delhi : India has hit a milestone in its rooftop solar energy adoption, with the installation of over 400,000 solar units under the Prime Minister’s Kisan Surya Ghar Yojana. : Mint
Adani, Jindal Power among bidders for Sinnar Thermal Power takeover
New Delhi : India’s largest private sector power producer Adani Power Ltd, alongside Jindal Power Ltd, Vedanta Group, Orissa Metaliks, and VFSI Holdings Pte, has submitted bids to acquire the distressed 1,350 MW Sinnar Thermal Power Plant. : Business Standard
PFC Infra Finance IFSC Ltd gets approval to operate from GIFT City
New Delhi : Power Finance Corporation on Wednesday said its arm PFC Infra Finance IFSC Ltd has received approval from International Financial Services Centres Authority to commence business as a finance company in IFSC GIFT City, Gujarat. : Business Standard
Tembo Global secures 124 MW solar PPA with Maharashtra government
New Delhi : Tembo Global Industries Ltd announced this week that it has secured its first power purchase agreement (PPA) for a 124 MW solar power project with the Maharashtra state government. The PPA tenure is 25 years. : pv-magazine.com
NPCIL to rollout ‘modified’ Bharat Small Reactors for hard-to-abate sectors soon
New Delhi : State-run Nuclear Power Corporation of India Limited (NPCIL) is modifying its Pressurised Heavy Water Reactors (PHWR), rechristening them as Bharat Small Reactors, and will roll them out for hard-to-abate sectors soon, said a senior official. : psuwatch.com
PFC arm gets nod to operate from Gift City
New Delhi : Power Finance Corporation (PFC) Limited on Wednesday said its arm PFC Infra Finance IFSC Ltd has received approval from International Financial Services Centres Authority to commence business as a finance company in IFSC GIFT City, Gujarat. : psuwatch.com
Power Finance Corporation forms new subsidiary for transmission project in Bhadla and Bikaner
New Delhi : State-owned Power Finance Corporation Limited (PFC) has announced the incorporation of a new Special Purpose Vehicle (SPV) named Bhadla and Bikaner Complex Transmission Limited. : psuconnect.in
DVC Acquires Hiranmaye Energy for Rs 1,500cr
New Delhi : The Damodar Valley Corporation (DVC) has emerged as the highest bidder in the auction for the assets of Hiranmaye Energy Limited, with a winning bid of Rs 1,500 crore, according to a source. : psuconnect.in
Power Grid secures three SPVs Projects via TBCB process
New Delhi : POWERGRID has acquired 3 TBCB Project SPVs – South Olpad Transmission Limited, Jam Khambhaliya Transmission Limited, and Rajasthan IV H1 Power Transmission Limited. : psuconnect.in
PM KUSUM: Tembo Global Secures Rs. 595 Cr Solar Project From MSEDCL
New Delhi : PM KUSUM: Tembo Global Secures Rs. 595 Cr Solar Project From MSEDCL. : saurenergy.com
Adani Energy Solutions acquires 2 SPVs from PFCCL
New Delhi : Adani Energy Solutions acquires 2 SPVs from PFCCL. : Economic Times
PFC Infra Finance IFSC Ltd receives IFSCA approval, set to start operations in Gift City
New Delhi : PFC Infra Finance IFSC Ltd receives IFSCA approval, set to start operations in Gift City. : Economic Times
Solar energy key to global climate action, says Pralhad Joshi at ISA curtain raiser
New Delhi : Solar energy key to global climate action, says Pralhad Joshi at ISA curtain raiser. : Economic Times
India’s renewable energy to grow at twice the pace than overall energy growth by 2030: CRISIL
New Delhi : India’s renewable energy to grow at twice the pace than overall energy growth by 2030: CRISIL. : Economic Times
KPI Green Energy signs PPAs for 620 MW projects in Gujarat
New Delhi : KPI Green Energy signs PPAs for 620 MW projects in Gujarat. : Economic Times
India extends operation of imported coal-based power plants, government circular shows
New Delhi : India extends operation of imported coal-based power plants, government circular shows. : Economic Times
Waaree Energies to open IPO on Oct 21, 2024
New Delhi : Waaree Energies to open IPO on Oct 21, 2024. : Economic Times
World to move into ‘age of electricity’ after surplus fossil fuel supplies, IEA says
New Delhi : The world is on the brink of a new age of electricity with fossil fuel demand set to peak by the end of the decade, meaning surplus oil and gas supplies could drive investment into green energy, the International Energy Agency said on Wednesday. : Economic Times
Backed by air-conditioning demand, India to lead global electricity consumption growth over next 25 years: IEA
New Delhi : India will lead global electricity consumption growth over the next 25 years as emerging markets and developing economies consume ever-more power due to rising demand of household cooling appliances in heatwaves, industrial demand and the penetration of electric vehicles (EVs), the Paris-based International Energy Agency said. : Mint
Adani Energy stock rises over 3% on acquiring two electric utility firms
New Delhi : Shares of power distribution company, Adani Energy Solutions rose as much as 3.4 per cent at Rs 1,038.30 per share on the BSE. The stock price jumped on Wednesday after the company announced acquisition of electrical utilities companies. : Business Standard
India extends operation of imported coal-based power plants: Circular
New Delhi : India has extended the mandate for the country’s imported coal-based power plants to operate at full capacity until Dec 31 in anticipation of higher power demand, according to a government circular reviewed by Reuters. : Business Standard
PM Surya Ghar Yojana: A game changer for residential rooftop solar uptake in India
New Delhi : The launch of Pradhan Mantri Surya Ghar Yojana (PMSGY) is a quantum leap towards India’s bright solar future, increasing the country’s rooftop solar capacity by more than 50% in just six months, says a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analysis. : pv-magazine.com
Capri Global Capital enters rooftop solar finance
New Delhi : Capri Global Capital Ltd (Capri Loans), a non-banking finance company, has launched its rooftop solar finance product, Capri Solar Finance. : pv-magazine.com
PFC’s Infra Finance IFSC Limited to commence operations: Receives approval from IFSCA
New Delhi : IFSC’s First Finance Company for Power and Infrastructure lending i.e PFC Infra Finance IFSC Limited to commence operations: Receives approval from IFSCA. : globalgreenews.com
ISA to elect new Presidents, DG, launch global solar data portal at 7th Assembly
New Delhi : The International Solar Alliance (ISA) will elect a new President and a co-President, along with a new Director-General, at its 7th Assembly which is set to take place between November 3-6 at Bharat Mandapam in New Delhi, said current Director-General Dr Ajay Mathur at a curtain raiser press conference on Tuesday. : psuwatch.com
PFC Infra Finance IFSC Limited to commence operations – Receives approval from IFSCA
New Delhi : PFC Infra Finance IFSC Limited (PIFIL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC), has received approval from International Financial Services Centres Authority (IFSCA) to commence business as a Finance Company in IFSC GIFT City Gujarat. : psuconnect.in
Govt Should Relax DCR Mandate Temporarily For PM Surya Ghar: IEEFA
New Delhi : Govt Should Relax DCR Mandate Temporarily For PM Surya Ghar: IEEFA. : saurenergy.com
JSW, Tata, Avaada, Juniper Winners Of 1,650 MW MSEDCL Hybrid Bid
New Delhi : JSW, Tata, Avaada, Juniper Winners Of 1,650 MW MSEDCL Hybrid Bid. : saurenergy.com
REC disburses ?90,955 crore loan in H1 FY25, Green Energy Loans surge by 92.68%
New Delhi : REC Limited, a Maharatna CPSE under the Ministry of Power and leading NBFC, disbursed Rs90,955 crore in loans during H1 FY25, reflecting a 20.10% year-on-year (YoY) rise. Notably, renewable energy loans saw an impressive 92.68% YoY growth, reaching Rs11,297 crore, underlining REC’s increasing emphasis on green energy financing. : egov.eletsonline.com
India to invest in transmission, storage for renewable energy expansion
New Delhi : It is well recognised that harnessing renewable energy (RE) can accelerate India’s energy transition and support power management during peak load hours in both monsoon and non-monsoon months. : Business Standard
Leaders from 120 member countries to attend Seventh Session of International Solar Alliance Assembly in New Delhi
New Delhi : The Seventh Session of the International Solar Alliance (ISA) Assembly will be held at Bharat Mandapam, New Delhi, India, from Nov. 3-6, 2024, under the presidency of India and co-presidency of France. : pv-magazine.com
Oil and Gas
GAIL India’s 1st CBG Plant in Jharkhand; All you need to know
Mumbai : Earlier this month, Prime Minister Narendra Modi has inaugurated GAIL’s first Compressed Biogas (CBG) plant in Ranchi, Jharkhand, during a virtual ceremony. : Free Press Journal
ONGC raises Stake in OPaL to 94.04% for Rs 5,594.80 Crore
New Delhi : State-owned Oil and Natural Gas Corp. has increased its stake in ONGC Petro Additions Ltd. to 94.04% by acquiring additional equity for Rs 5,594.80 crore. : psuconnect.in
Indian Oil and Ever-Enviro to form Joint Venture for Sustainable Energy Solutions
New Delhi : In a landmark step towards fostering sustainable energy solutions in India, Indian Oil has entered into a Joint Venture Agreement with Ever Enviro Resource Management Pvt. Ltd., a leading biofuels company in the country. : psuconnect.in
India’s HPCL in advanced talks to sign first long-term LNG deal
New Delhi : India’s state-owned Hindustan Petroleum Corp. Ltd. is in advanced talks to sign its first long-term LNG deal after several years of planning, for its 5 million metric tons/year Chhara LNG terminal in the western state of Gujarat, several market participants said this week. : spglobal.com
Oil steadies after fall as Middle East uncertainty persists
New Delhi : Oil steadies after fall as Middle East uncertainty persists. : Economic Times
India’s Russian oil imports rise 11.7% in Sept from Aug, data shows
New Delhi : India’s Russian oil imports rise 11.7% in Sept from Aug, data shows. : Economic Times
Russia’s oil refining capacity likely to fall by 15% in later half of Oct
New Delhi : Russia’s offline primary oil refining capacity is seen declining by around 15 per cent in the later half of October from the first 15 days of the month, Reuters calculations based on data from industry sources showed on Wednesday. : Business Standard
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On October 16
New Delhi : Petrol, Diesel Prices Today On October 16, 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
EEX, IGX partner to boost hydrogen trading in India
New Delhi : EEX, IGX partner to boost hydrogen trading in India. : Economic Times
Oil Steadies Near $70 With Risk to Middle East Supplies in Focus
New Delhi : Oil steadied as traders continued to monitor the outlook for next year and the risk of escalation in the Middle East. : Mint
Crude oil prices stay near 2-week low on weak demand growth forecast
New Delhi : Oil prices held near a two-week low on Wednesday after dropping about 7% over the prior three days on forecasts for less oil demand growth and an easing in worries that Middle East conflicts will result in supply disruptions. : Business Standard
