24-Oct-2022

Power

REC won e4m award for Best Organisation for Women Empowerment

New Delhi : REC Limited, a Maharatna CPSE under the Ministry of Power, Government of India won the e4m award for Best Organisation for Women Empowerment yet again for the third year in a row. : psuconnect.in

NLCIL floats global tender enquiry for gasification block of lignite to methanol project

New Delhi : State-run NLC India Limited (NLCIL) has floated a global tender enquiry through project management consultant Engineers India Ltd (EIL), for gasification block (LEPC-1) of its lignite to methanol project at Neyveli. : Mint

BHEL exchanged MoUs with six companies to boost Defence & Aerospace sector

New Delhi : Bharat Heavy Electricals Limited, the largest engineering & manufacturing enterprise in India in the energy & infrastructure sector exchanged MoUs with Ajmer Vidyut Vitran Nigam Ltd – Rajasthan Energy Department (AVNL), Chennai : psuconnect.in

Borosil Renewables acquires 86 per cent in Europe’s largest solar glass maker InterFloat

New Delhi : Borosil Renewables Ltd, India’s first and only solar glass manufacturer and part of the Borosil Group, announced it has acquired 86 per cent stake in InterFloat Group, the largest solar glass manufacturer in Europe. : Economic Times

OPINION: What India can learn from partners on balancing energy security with transition

New Delhi : COP27 in Sharm al Sheikh is fast approaching. It has been a year since the world set various ambitious climate targets at Glasgow, and planned for a transition to renewables. : Economic Times

SJVN to commission 75 MW solar power project in UP by month-end

New Delhi : State-run SJVN said it will commission a 75 MW solar project at Kalpi in Uttar Pradesh by month-end. The project shall generate 168.34 million units (MUs) in the 1st year and the project’s cumulative energy generation over a period of 25 years would be about 3,919 MUs, a regulatory filing stated. : Economic Times

Mining pits to be used for generating hydropower in Goa, says Power Minister

Panaji : Goa Power Minister Sudin Dhavalikar on Friday said that abandoned mining pits from the state will be used to generate hydro power for electricity and also to generate solar power. : Economic Times

Punjab to come up with energy action plan, adopt clean energy technology

Chandigarh : Punjab will soon come up with an energy action plan aimed at reducing greenhouse gas emissions by adopting new and innovative clean energy technologies, an official said. : Economic Times

KEC International wins new orders worth ₹2,402 crore

New Delhi : KEC International, a global infrastructure engineering, procurement and construction (EPC) major, on Saturday said that it has bagged new orders worth ₹2,402 crore across its various businesses. : Mint

EU leaders agree on roadmap to protect consumers from rising energy prices

New Delhi : Leaders of the European Union (EU) member states have agreed on a ‘roadmap’ of measures to protect European consumers from soaring energy prices. : Business Standard

CMD, IREDA delivers address on ‘Different methods of Renewable Energy Its Pros and Cons’

New Delhi : Shri Pradip Kumar Das, Chairman & Managing Director (CMD), Indian Renewable Energy Development Agency Limited (IREDA), delivered a session address at the Workshop cum Conclave on Green Hydrogen Energy on 20th October 2022 at IIT Delhi. : psuconnect.in

OPINION: Towards a clean energy future with electrification and digitalization

New Delhi : India is the world’s third-largest consumer of energy with over 80 percent of the country’s needs met through three fuels – coal, oil, and solid biomass. : Economic Times

India must leverage wind manufacturing and exports to become a multi-trillion-dollar economy

New Delhi : Despite the economic slowdown caused by the global pandemic, the Indian economy continues to recover and expand. Growing power demand, which is often considered to be an indicator of increasing economic activity, has been swiftly rising in recent months. : Economic Times

Karnataka gives clearance for Rs 1.74 lakh crore projects with clean energy focus

Bengaluru : The Karnataka government on Saturday approved 11 projects worth over Rs 1.74 lakh crore, mostly in the clean energy sector. The 60th meeting of the State High-Level Clearance Committee (SHLCC), headed by Chief Minister Basavaraj Bommai, approved 11 projects with a total investment of Rs 1,74,381.44 crore. : Economic Times

Over 200 homes electrify solar rooftop plan in Mumbai Metropolitan Region

Mumbai : MSEDCL has received response from 239 residential consumers, including individual and housing societies, who have opted for solar rooftops in Mumbai metropolitan region by getting up to 40% subsidy from Ministry of New & Renewable Energy. These solar rooftops have come up in parts of Mumbai, Thane and Navi Mumbai, an official said on Saturday. : Economic Times

Renewable Energy : The hope for healthcare sector in India

New Delhi : Renewable energy is the future. With the current climate conditions and the deteriorating plant health, it is of paramount importance to try and reverse the change. : Economic Times

Saudi Arabia, India seek to energise ties with undersea cables

New Delhi : The Gujarat coast could soon link up to the Middle East with deep sea cables, creating a renewable energy grid as India and Saudi Arabia explore a cross-country project borne on the tide of a new era of energy diplomacy, said people with knowledge of the matter. : Economic Times

NARCL improves offer for Meenakshi Energy to Rs 1,003 crore

New Delhi : National Asset Reconstruction Company (NARCL) has given a revised improved offer for Meenakshi Energy to Rs 1,003 crore, said two people aware of the insolvency proceedings of the Hyderabad-based thermal power company. : Economic Times

France’s nuclear reactors malfunction as energy crisis bites

New Delhi : France is falling behind in its plans to return the country’s fleet of nuclear reactors to full power this winter after a rash of outages, raising fears that one of Europe’s key sources of electricity won’t be ramped up to counter Russia’s squeeze on the continent’s energy supplies. : Mint

Jaiprakash Power Ventures posts Rs 75.42 cr net profit in September quarter

New Delhi : Jaiprakash Power Ventures Limited (JPVL) on Saturday posted a consolidated net profit of Rs 75.42 crore in the September quarter. : Business Standard

TANGEDCO eyes breakeven by 2025-26

Chennai : Tangedco is planning to reduce the gap between Average Rate of Realisation (ARR) and the Average Cost of Supply (ACS) through a series of measures. Before tariff revision, the gap stood at Rs 1.94 a unit (ARR at Rs 6.96 and ACS at Rs 8.90). : New Indian Express

Inspections for multiple domestic connections till April 2023: TNERC

Chennai : Tamil Nadu Electricity Regulatory Commission has extended the deadline for TANGEDCO to inspect and serve notice on the owners of individual houses having more than one domestic service connection till April next year. : dtnext.in

Oil and Gas

RIL posts Rs 13,656 crore profit for September quarter; Revenue up 32 per cent

New Delhi : Reliance Industries (RIL) on Friday posted a net profit of Rs 13,656 crore for the quarter that ended September 30, against Rs 13,680 crore in the year-ago period. : Economic Times

Indraprastha Gas profit up 4% in Q2 on higher consumption

New Delhi : Indraprastha Gas Ltd (IGL), the supplier of natural gas in the National Capital Region (NCR), said quarterly profit, excluding those of its units, rose 4% from a year earlier on higher usage of the fuel amid pressure on profitability as it failed to fully pass on to consumers high global gas prices. : Mint

Seven injured in blast at BPCL oil depot near Bhopal, says official

New Delhi : Seven persons were injured, two of them seriously, in a blast that occurred when petrol was being filled in the container of a tanker at a Bharat Petroleum Corporation Limited’s (BPCL) depot on the outskirts of Bhopal, an official said on Saturday. : Business Standard

India unveils new blocks for oil exploration to cut imports – An analysis

New Delhi : In order to decrease the rising burden of oil imports, India recently opened up bidding for 26 blocks for oil exploration in India. India currently imports 85 per cent of country’s oil requirements, and plans to reduce its dependence on imported crude oil by at least 10 per cent in the coming years. : Economic Times

ArcelorMittal partners with S Africa’s Sasol to boost hydrogen economy

New Delhi : A partnership between ArcelorMittal SA (AMSA) and South Africa’s homegrown petrochemicals giant Sasol to develop a green hydrogen hub in Saldanha Bay is expected to give a huge boost to the hydrogen economy in the country. : Economic Times

Oil PSUs spent 43% of their annual capex in first half of the fiscal year

New Delhi : Bharat Petroleum Corp has spent two-thirds of its capital expenditure target for the ongoing fiscal year in the first half itself. While the refiner-retailer was the fastest to spend the planned capex among state-run oil companies, Oil & Natural Gas Corp and its overseas arm were among the slowest. : Economic Times

Indian OMCs keep petrol, diesel prices unchanged

New Delhi : Oil marketing companies (OMCs) in India largely kept petrol and diesel prices unchanged for Saturday. While there were minor changes in petrol prices, diesel in some cities including Delhi and Mumbai saw no change. : Mint

Green hydrogen, electrolyzer projects may get ₹12k cr sops

New Delhi : The government is expected to allocate around ₹6,000 crore each for production-linked incentive (PLI) schemes for electrolyzers and green hydrogen from the ₹20,000 crore green hydrogen mission, said two people aware of the developments. : Mint

Indraprastha Gas net rises 4% in Sept quarter as gas prices hurt margins

New Delhi : Indraprastha Gas Ltd, which retails CNG and piped cooking gas in the national capital and adjoining cities, reported a 4 per cent rise in its September quarter net profit as rise in input natural gas prices hurt margins. : Business Standard

Trends: The world’s oil buyers are being crushed by a surging dollar

New Delhi : Brent oil has dropped more than 30% from this year’s high, but you wouldn’t know it if you live in Paris, Mumbai or Accra. : Economic Times

India unveils new blocks for oil exploration. An analysis

Marketing, pricing freedom must to catalyse investments in gas fields

New Delhi : Pricing and marketing freedom are a must to ensure billions of dollar investment as costs of finding and producing natural gas from deposits lying several hundred metres below seabed are market driven, producers have told a government-appointed panel reviewing gas pricing. : Economic Times

Oil edges higher as tightening market vies with slowdown fears

New Delhi : Oil edged higher as investors weighed signs of a tight market against lingering concerns over a global economic slowdown. : Mint

Russian oil logistics in chaos with weeks until EU sanctions bite

New Delhi : Traders, tanker companies and the world’s most powerful governments are becoming increasingly fixated upon one question in the oil market: can the petroleum industry’s supply chain handle the harshest sanctions on Russian exports in history? : Business Standard

Delhi government puts off ‘show PUC to get fuel’ drive over ‘law & order’ fears

New Delhi : Delhi government has put off its decision to make PUC certificate mandatory for refuelling at petrol pumps. Environment minister Gopal Rai on Friday said the measure won’t be implemented from October 25 in the wake of fears expressed by fuel pump dealers about a law and order situation. : Times of India

Order making valid PUCC mandatory on hold following suggestions from fuel dealers’ assn: Rai

New Delhi : Delhi Environment Minister Gopal Rai on Friday said the government has put on hold the order asking vehicle owners to mandatorily carry a valid pollution-under-check certificate (PUCC) to buy fuel from October 25. : theprint.in

Russia says destroyed Ukraine depot with 100,000 tonnes of aviation fuel

New Delhi : Russia’s defence ministry said on Sunday its forces had continued to launch attacks against Ukraine’s energy and military infrastructure over the last 24 hours. : Hindustan Times

Govt extends deadline to submit ethanol proposals by 6 months – Check last date and other details

New Delhi : In a bid to increase the production of ethanol and its supply under Ethanol Blended with Petrol (EBP) Programme, the government has extended the deadline by six months. The scheme aims at extending financial assistance to molasses-based standalone distilleries for enhancement and augmentation of ethanol production capacity. The fresh deadline will be April 21, 2023. : Zeebiz

Petrol and diesel rates increase in Bhubaneswar on Saturday

Bhubaneswar : The prices of petrol and diesel increased in the capital city of Bhubaneswar on 22nd October 2022. The petrol and diesel price were recorded at Rs 103.47 and Rs 95.03, respectively on Saturday. : kalingatv.com