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MEDIA UPDATE (OCTOBER 23, 2024)

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23-Oct-2024

Power

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” New Delhi : The operational Mines of NLCIL have been accorded the prestigious 5 Star and 4 Star ratings by the Ministry of Coal at the National level.” : Sarkaritel.com

Work on 10 more nuclear reactors underway in country, parliamentary panel told

New Delhi : Work on 10 more nuclear reactors underway in country, parliamentary panel told. : Economic Times

ADB commits $241 million loan to improve power distribution in West Bengal

New Delhi : The Asian Development Bank (ADB) has approved a USD 241.3-million loan to improve electricity distribution in West Bengal in order to help enhance people’s quality of life by ensuring reliable and sustainable power supply. : Economic Times

Sikkim landslide caused Rs 327 cr loss to Teesta-V project: NHPC

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New Delhi : State-run hydro power giant NHPC on Tuesday said a major landslide in Sikkim affected its 510 MW Teesta-V Power Station and the estimated loss was around Rs 327.67 crore. : Economic Times

Adani Energy Solutions reports 172 pc jump in net profit in Q2 FY25

New Delhi : Adani Energy Solutions reports 172 pc jump in net profit in Q2 FY25. : Economic Times

NLC India Eyes Rs. 4,500 Crore IPO for Green Energy Arm by JUne Next Year

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New Delhi : NLC India Eyes Rs. 4,500 Crore IPO for Green Energy Arm by JUne Next Year. : Mint

Rajasthan govt signs Rs 3 trillion green energy agreement with UAE

New Delhi : The Rajasthan government has signed an initial agreement with the United Arab Emirates for an investment of Rs 3 lakh crore in the field of renewable energy in the state. : Business Standard

India surpasses 90 GW of installed solar capacity

New Delhi : India’s cumulative solar PV installations hit 90.76 GW at the end of September 2024, according to the latest figures from the Ministry of New and Renewable Energy (MNRE). : pv-magazine.com

UPEIDA, GEAPP collaborate on solar park along Bundelkhand Expressway

New Delhi : Global Energy Alliance for People and Planet (GEAPP) is collaborating with the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) to develop a 450-500 MW solar park on the Bundelkhand Expressway. : pv-magazine.com

NVVN allocates 500 MW/1,000 MWh battery storage with VGF at INR 2.37 lakh/MW/month

New Delhi : NTPC Vidyut Vyapar Nigam (NVVN) Ltd has allocated standalone battery energy storage capacity of 500 MW/ 1000 MWh with viability gap funding support at an average price of INR 2.37 lakh ($2,824.46)/MW/month. : pv-magazine.com

Telangana: Govt Launches Power Ambulances To Handle Emergency Power Restoration Services

New Delhi : Telangana government has launched ‘Power Ambulances’, a fleet of special vehicles to handle emergency power restoration services. These ambulances will operate in the Greater Hyderabad Municipal Corporation limits. : globalgreenews.com

Power Grid board approves raising up to Rs 5,000 crore via bonds

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New Delhi : Power Grid Corporation’s board on Tuesday approved a proposal to raise up to Rs 5,000 crore through issuance of bonds on private placement basis. : psuwatch.com

Power Grid secures LoIs for Rs 11,326 crore transmission projects in Rajasthan

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New Delhi : Power Grid Corporation of India Limited (PGCIL) on Tuesday said that it has received Letters of Intent (LoIs) for two siginificient transmission projects under the Rajasthan Phase IV (Part 3: 6 GW). : psuwatch.com

NTPC Coal Mines bagged Star Rating Awards

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New Delhi : Talaipalli and Dulanga Coal Mines of NTPC Mining Limited (NML) were awarded with 5 Star Rating for the year 2022-23. : psuconnect.in

Clean Energy Projects Dominate In Nine BRICS Countries: Report

New Delhi : Clean Energy Projects Dominate In Nine BRICS Countries: Report. : saurenergy.com

Adani Green Energy clocks 20 pc EBITDA growth at Rs 4,518 crore in H1 FY25

New Delhi : Adani Green Energy Ltd (AGEL) on Tuesday reported 20 per cent EBITDA growth at Rs 4,518 crore in the first half of FY25, as cash profit surged by 27 per cent YoY to Rs 2,640 crore. On the quarterly basis, EBITDA from power supply saw 17 per cent growth at Rs 2,143 crore in Q2 FY25, from Rs 1,835 crore in the previous quarter. : Sarkaritel.com

India needs Rs 32 lakh cr investment in renewable by 2030: IREDA CMD

New Delhi : India needs Rs 32 lakh cr investment in renewable by 2030: IREDA CMD. : Economic Times

Vulnerable grids, emergency transmission towers being monitored: Odisha’s Energy Principal Secretary on Cyclone Dana preparedness

New Delhi : Hemanta Sharma, Principal Secretary of Odisha’s Department of Energy, has said that energy grids and emergency transmission towers in the districts expected to be affected by Cyclone Dana are being monitored. : Economic Times

India’s growth in renewable energy is quite phenomenal: Shishir Priyadarshi

New Delhi : India’s growth in renewable energy is quite phenomenal: Shishir Priyadarshi. : Economic Times

Power Grid board approves raising up to Rs 5,000 cr via bonds

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New Delhi : Power Grid board approves raising up to Rs 5,000 cr via bonds. : Economic Times

Adani Green Energy Q2 Results: Net Profit jumps 39% to ?515 crore, total income up over 30%

New Delhi : Adani Green Energy reported strong earnings for the quarter ended September 2024 (Q2FY25). The Adani Group company’s net profit stood at ?515 crore, up 39 percent year-on-year (YoY) from ?371 crore in the same period last year. : Mint

SECI plans to bid for state projects to meet 10 GW renewable energy target

New Delhi : Solar Energy Corporation of India (SECI) plans to bid for states’ renewable energy projects to meet its target of 10 gigawatts of renewable energy capacity by 2030, its Chairman and Managing Director R.P. Gupta said on Tuesday. : Business Standard

Rs 4 trillion transmission infra required to meet 2027 power demand: CEA

New Delhi : To meet an expected power demand of 277 gigawatt (Gw) by 2027, India will require an investment of Rs 4.25 trillion in power transmission infrastructure, according to the latest National Electricity Plan (NEP) on transmission released by the Central Electricity Authority. : Business Standard

India surpasses 90 GW of installed solar capacity

New Delhi : India’s cumulative solar PV installations hit 90.76 GW at the end of September 2024, according to the latest figures from the Ministry of New and Renewable Energy (MNRE). : pv-magazine.com

PFC and BEML Sign MoU to Enhance Collaboration in Infrastructure and Defence Sectors

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New Delhi : Power Finance Corporation (PFC), a Maharatna Company and a leading Non-Banking Financial Company (NBFC) in the Indian power sector, has signed a Memorandum of Understanding (MoU) with BEML Limited, a Schedule ‘A’ Public Sector Undertaking (PSU) under the Ministry of Defence. : globalgreenews.com

Sikkim landslide caused Rs 327 crore loss to Teesta-V project: NHPC

New Delhi : State-run hydro power giant NHPC Limited on Tuesday said a major landslide in Sikkim affected its 510 MW Teesta-V Power Station and the estimated loss was around Rs 327.67 crore. : psuwatch.com

Coal, lignite PSUs setting up 6 overburden processing plants: Govt

New Delhi : Coal and lignite PSUs are in the process of installing six plants which will process overburden (OB) and convert overburden to Manufactured-Sand (M-Sand), said the Ministry of Coal on Tuesday. : psuwatch.com

NLCIL accorded 5 Star and 4 Star ratings at National level

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New Delhi : The operational Mines of NLCIL have been accorded the prestigious 5 Star and 4 Star ratings by the Ministry of Coal at the National level. : psuconnect.in

Power Grid board approves Rs 5,000 crore bond issue through private placement

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New Delhi : State-owned Power Grid Corporation of India Ltd on Tuesday, October 22, announced the approval to raise funds through its 79th bond issue, aimed at securing up to Rs 5,000 crore on a private placement basis. : psuconnect.in


Oil and Gas

Bhutan PM, Union Minister Puri takes hydrogen-run bus ride in Delhi to promote green mobility

New Delhi : Bhutan PM, Union Minister Puri takes hydrogen-run bus ride in Delhi to promote green mobility. : Economic Times

Oil prices rise on China stimulus amid Mideast ceasefire push

New Delhi : Oil prices rise on China stimulus amid Mideast ceasefire push. : Economic Times

Andhra to launch supply of free cooking gas cylinders from Deepavali

New Delhi : Andhra to launch supply of free cooking gas cylinders from Deepavali. : Economic Times

Talks on road map for more than 20% ethanol blending in petrol underway: Hardeep Singh Puri

New Delhi : Union minister for petroleum and natural gas Hardeep Singh Puri said on Tuesday that the government has started discussions on a road map for ethanol blending in petrol beyond 20%. : Mint

World has enough oil, more supplies coming: Puri hopes prices will cool

New Delhi : Petroleum Minister Hardeep Singh Puri on Tuesday said the world has enough crude oil and more supplies are coming into the market, which he hoped will cool down oil prices. : Business Standard

Petrol, Diesel Price Today 22 October 2024 in Bangalore, Shimla, New Delhi and Nashik

New Delhi : Petrol, Diesel Price Today 22 October 2024: Oil prices dropped on Tuesday, the decline reason has been cited as US diplomatic efforts to secure a ceasefire in the Middle East. : Financial Express

“No shortage of oil in world and prices should hopefully come down”, says Hardeep Singh Puri

New Delhi : “No shortage of oil in world and prices should hopefully come down”, says Hardeep Singh Puri. : Economic Times

Oil minister Hardeep Singh Puri hopes global oil prices will come down

New Delhi : Minister of Petroleum and Natural Gas of India Hardeep Singh Puri hopes that global oil prices will come down despite geopolitical tensions as more supplies are coming into the market. : Economic Times

Russia retains status as top oil supplier to India

New Delhi : The UAE and the US significantly expanded their share of Indian crude imports in the first half of this fiscal year even as Russia maintained its top supplier status on the back of attractive price discounts. : Economic Times

Crude oil can hit low $60s by 2025-end despite geopolitical conflict

New Delhi : Crude oil prices could dip to the low $60s by the end of 2025 after rising to $80 a barrel in the last quarter (October–December) of 2024 — up nearly 10 per cent from current levels, suggest analysts at JP Morgan. : Business Standard

ISA, GH2 launch Green Hydrogen Policy Accelerator Training Course in New Delhi

New Delhi : The International Solar Alliance (ISA) and the Green Hydrogen Organisation (GH2) have launched a six-day training course titled ‘Green Hydrogen Policy Accelerator Training Course’ in New Delhi. : pv-magazine.com

Petrol and Diesel Prices increase in capital city of Odisha on October 22, check rates here

Bhubaneswar : The prices of petrol and diesel have been increased in Bhubaneswar on October 22, 2024. On Tuesday, the price of petrol has been recorded at Rs 101.50 per litre, while diesel cost is recorded at Rs 93.06 per litre. : kalingatv.com

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