18-Sep-2024
Power
” Gandhinagar : The global Renewable Energy Investors’ Meet and Expo (RE-INVEST) drew investment commitments worth Rs 32.45 lakh crore by 2030, Union Minister for New and Renewable Energy, Pralhad Joshi, said on Tuesday.” : Sarkaritel.com
” New Delhi : The Government on September 11, 2024 accorded approval to the AnushaktiVidhyut Nigam Ltd. (ASHVINI), a Joint Venture (JV) of Nuclear Power Corporation of India Limited – NPCIL (51%) and NTPC Ltd. (49%) to Build, Own & Operate nuclear power plants in India in accordance with provisions of the Atomic Energy Act. ” : Sarkaritel.com
” New Delhi : Bharat Heavy Electricals Limited (BHEL), has been awarded the Rajbhasha Kirti Puraskar by the Department of Official Language, Ministry of Home Affairs, Government of India. The award recognizes BHEL’s outstanding performance in implementing the Official Language.” : Sarkaritel.com
” New Delhi : Pradip Kumar Das, Chairman & Managing Director, Indian Renewable Energy Development Agency Limited (IREDA), highlighted the critical need for a robust “Green Taxonomy” framework during a panel discussion at the 4th Global Renewable Energy Investors Meet & Expo (RE-Invest) at Mahatma Mandir, Gandhinagar.” : Sarkaritel.com
” New Delhi : NTPC Bongaigaon celebrated Vishwakarma Puja, Hindu God of Engineering with great enthusiasm and religious fervor across various locations within the station.” : Sarkaritel.com
Hygenco, REC enters into MoU to finance green ammonia project in Odisha
New Delhi : Hygenco, REC enters into MoU to finance green ammonia project in Odisha. : Economic Times
Renewable energy minister Pralhad Joshi meets German, Danish officials; focuses on boosting ties in clear energy space
New Delhi : Renewable energy minister Pralhad Joshi meets German, Danish officials; focuses on boosting ties in clear energy space. : Economic Times
REInvest: PM’s advisor Tarun Kapoor says price of solar should come down to Re 1 per unit
New Delhi : REInvest: PM’s advisor Tarun Kapoor says price of solar should come down to Re 1 per unit. : Economic Times
Historic RE-Invest event drew Rs 32.45 lakh crore investment commitments: MNRE Minister Pralhad Joshi
New Delhi : Historic RE-Invest event drew Rs 32.45 lakh crore investment commitments: MNRE Minister Pralhad Joshi. : Economic Times
REInvest: ReNew commits to set up 40,000 Mw fresh renewable energy capacity, 6,000 Mw manufacturing facilities
New Delhi : REInvest: ReNew commits to set up 40,000 Mw fresh renewable energy capacity, 6,000 Mw manufacturing facilities. : Economic Times
Reliance Power settles its obligations of Rs 3872 crore as guarantor for Vidarbha Industries Power
New Delhi : Reliance Power Limited (Reliance Power) on Tuesday announced that the entire obligations of the Company as a guarantor on behalf of Vidarbha Industries Power Limited (VIPL) stand fully settled resulting in release and discharge of Corporate Guarantee, Undertakings and all obligations and claims thereunder in relation to the outstanding debt of VIPL amounting to Rs 3872.04 crore. : Economic Times
Government approves NPCIL-NTPC joint venture for building nuclear plants in Rajasthan
New Delhi : The government has approved a joint venture between NPCIL and NTPC to build four 700 MWe nuclear power plants at Mahi Banswara in Rajasthan. : Economic Times
PMEA Solar submits papers to Sebi for Rs 600 cr IPO; 11.2 mn shares on sale
New Delhi : PMEA Solar Tech Solutions Ltd has submitted draft documents to the Securities and Exchange Board of India (Sebi) for a proposed initial public offering (IPO). : Business Standard
Avaada Group plans to invest Rs 5,000 cr in Madhya Pradesh’s energy sector
New Delhi : Avaada Group, which operates in the renewable energy sector, has proposed to invest Rs 5,000 crore in Madhya Pradesh. : Economic Times
Hero Future Energies plans to invest $20 bn in renewables over 6 years
New Delhi : Indian conglomerate Hero Group’s power production unit plans to invest $20 billion over the next six years to scale up its capacity by nearly 16 times, chairman Rahul Munjal told Reuters at an industry event on Tuesday. : Business Standard
Tata Power to invest up to $9 bn to expand renewable energy capacity
New Delhi : Tata Power plans to invest up to $9 billion to more than quadruple its renewable energy capacity to more than 20 gigawatts (GW) over the next five to six years, CEO Praveer Sinha said on Tuesday. : Business Standard
Scientists design all-back-contact transparent solar cell
New Delhi : Researchers from the School of Energy and Chemical Engineering at Ulsan National Institute of Science and Technology (UNIST) in South Korea have fabricated a new transparent solar cell and module. : pv-magazine.com
REC to provide $280 million for Hygenco green ammonia project
New Delhi : Hygenco Green Energies has announced the signing of a memorandum of understanding (MoU) with REC Ltd (earlier Rural Electrification Corp. Ltd) to finance its green ammonia project in Gopalpur, Odisha. : pv-magazine.com
Coal India Limited : “Swachhta Hi Sewa” Campaign 2024 Commences
New Delhi : Coal India Limited Chairman P.M. Prasad administered the “Swachhta Pledge” to the employees to mark the commencement of the Swacchata Hi Sewa 2024 at CIL corporate headquarters in Kolkata. The Swachhta Hi Seva Campaign, will run from 14th of September to the 2nd of October, 2024. : indianpsu.com
RE-Invest 2024: World looking up to India for next wave of transformation in energy sector, says Joshi
Gandhinagar : The world is looking up to India and Prime Minister Narendra Modi for leading the next wave of transformation in the energy sector, said Union Minister for New and Renewable Energy Pralhad Joshi on Tuesday. : psuwatch.com
Install 500GW, tell me what you want from us: Joshi in CEO round table
New Delhi : Union Minister for New and Renewal Energy Pralhad Joshi chaired a CEOs’ Roundtable on the second of the flagship renewable energy event, RE-Invest 2024. : psuwatch.com
Maharashtra State DISCOM issues LoI for supply of 6600 MW power by Adani Green, Adani Power
New Delhi : Adani Green Energy Limited (AGEL), India’s largest renewable energy company, will sign a long-term Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Limited (MSEDCL). : psuconnect.in
SJVN Issues RfS for 1,200 MW Solar PV Projects
New Delhi : The SJVN Limited has released a Request for Selection (RfS) document to select Solar Power Developers (SPDs) for the establishment of 1,200 MW of ISTS-connected solar photovoltaic (PV) power projects, along with a 600 MW/2,400 MWh Energy Storage System (ESS) across India. : psuconnect.in
NHPC CMD inaugurated NHPC pavilion at RE Invest 2024
New Delhi : Shri R.K. Chaudhary, CMD, NHPC, inaugurated the NHPC pavilion at RE Invest 2024 being organized by MNRE, IREDA & CII from 16th to 18th September 2024 in Gandhinagar, Gujarat. : psuconnect.in
RMC Switchgears Secures 41 MW Solar PV Project In Maharashtra
New Delhi : RMC Switchgears Secures 41 MW Solar PV Project In Maharashtra. : saurenergy.com
REC commits $280 million to Hygenco’s green ammonia project in Odisha
New Delhi : Green hydrogen producer Hygenco said on September 17 that it has entered an agreement with REC Limited for financing Hygenco’s Green Ammonia Project in Gopalpur, Odisha. The state-backed power sector lender will provide upto $280 million for the project. : Moneycontrol.com
REInvest 2024: Who committed how much renewable energy capacity creation
New Delhi : REInvest 2024: Who committed how much renewable energy capacity creation. : Economic Times
REInvest: Renewable energy companies commit Rs 32 lakh crore investment
New Delhi : REInvest: Renewable energy companies commit Rs 32 lakh crore investment. : Economic Times
SECI invites proposals for 500-MW offshore wind energy project in Gujarat
New Delhi : SECI invites proposals for 500-MW offshore wind energy project in Gujarat. : Economic Times
Adani’s Kenya transmission deals still under talks, agency says
New Delhi : The Kenya Electricity Transmission Co. said it’s still in talks with Adani Energy Solutions Ltd. for the construction of three power lines, contradicting a presidential adviser who announced that two companies including the Indian firm had already been awarded deals for as much as $1.3 billion. : Economic Times
N-power to play greater role in India’s energy mix: AEC chairman Ajit Mohanty
New Delhi : India has envisaged a significantly greater role for nuclear power over the next two decades to ensure the dual challenge of energy security and climate goals is met, Atomic Energy Commission Chairman Ajit Kumar Mohanty has said. : Economic Times
Torrent Power receives LoI for 1,500 MW from MSEDCL for pump hydro storage
New Delhi : Torrent Power Limited on Tuesday said it has received Letter of Intent (LOI) from Maharashtra State Electricity Distribution Co. Limited (MSEDCL) for procurement of 1,500 MW/ 12,000 MWh energy storage capacity for pumped hydro storage project. : Economic Times
Centre to reach out to states to resolve RE issues, boost flagship solar schemes: Joshi
Gandhinagar : With the state committing to install 540GW of renewable energy capacity by 2030, Union minister for new and renewable energy Pralhad Joshi said. : Mint
Infra lender REC signs renewable energy agreements worth $13.4 billion
New Delhi : Indian infrastructure lender REC said on Tuesday it has signed pacts worth about Rs 1.12 trillion ($13.37 billion) with renewable energy developers. : Business Standard
Torrent Power bags Maharashtra’s 1,500 MW pumped hydro storage project
New Delhi : Torrent Power on Tuesday said it has bagged a 1,500 MW pumped hydro storage project (PSP) from Maharashtra State Electricity Distribution Co. Ltd. : Business Standard
Govt gives nod to NPCIL-NTPC JV for building nuclear plants in Rajasthan
New Delhi : The government has approved a joint venture between NPCIL and NTPC to build four 700 MWe nuclear power plants at Mahi Banswara in Rajasthan. : Business Standard
INA Solar breaks ground on 3 GW panel factory in Rajasthan
New Delhi : Insolation Energy (INA Solar) is setting up a 3 GW PV module factory along with 12,000 mtpa aluminium frame plant with an investment of INR 400 crore in the Jaipur district of Rajasthan. : pv-magazine.com
BHEL receives Rajbhasha Kirti Puraskar
New Delhi : Bharat Heavy Electricals Limited (BHEL), has been awarded the Rajbhasha Kirti Puraskar by the Department of Official Language, Ministry of Home Affairs. : psuwatch.com
RE-Invest 2024: Bringing low-cost funds for RE expansion will be top priority, says IREDA CMD
Gandhinagar : State-run Indian Renewable Energy Development Agency (IREDA) has committed to make loans worth Rs 5 lakh crore available for the expansion of Renewable Energy (RE) in India at RE-Invest 2024. : psuwatch.com
THDC commences draft tube installation for Vishnugad Pipalkoti HEP in Uttarakhand
New Delhi : THDC India Limited has commenced the installation of the draft tube in Unit 1 of the Vishnugad Pipalkoti Hydroelectric project (HEP). : psuconnect.in
Re-Invest 2024- Firms Parade 480 GW Capacity Addition Plans
New Delhi : Re-Invest 2024- Firms Parade 480 GW Capacity Addition Plans. : saurenergy.com
Expedite implementation of PM Surya Ghar Muft Bijli Yojana: MD to officials
Jammu : Ch. Mohd Yasin, Managing Director, Jammu Power Distribution Corporation Limited (JPDCL), chaired meeting with senior officials of JPDCL, REC and PM Surya Ghar vendors to expedite the implementation of the PM Surya Ghar Muft Bijli Yojana Scheme for JPDCL consumers. : thenorthlines.com
Oil and Gas
” New Delhi : The Strategic Clean Energy Partnership (SCEP) Ministerial was convened by U.S. Energy Secretary Jennifer Granholm and Indian Minister of Petroleum and Natural Gas Hardeep Singh Puri in Washington D.C, yesterday.” : Sarkaritel.com
EoI floated for coal gasification tech for Rs 13,000cr project by CIL-GAIL JV
New Delhi : EoI floated for coal gasification tech for Rs 13,000cr project by CIL-GAIL JV. : Economic Times
ONGC releases statement on incident happened at Uran plant in Maharashtra
New Delhi : “On the morning of 16th Sept 2024 at around 0600 hrs, ONGC team of Uran Plant swung into action to arrest a minor leak in the flow line originating from Offshore. The leak was arrested and the team ensured no spillage of oil onto the beach. : psuconnect.in
IGL gets an upgrade from UBS, MGL
New Delhi : Global brokerage firm UBS has upgraded Indraprastha Gas Ltd. (IGL) to a ‘Buy’ rating from its previous ‘Sell’ stance, raising the price target to Rs 700 from Rs 400 per share earlier. : psuconnect.in
India, US for giving push to sustainable aviation fuel, hydrogen in buses
New Delhi : India, US for giving push to sustainable aviation fuel, hydrogen in buses. : Economic Times
Private oil companies’ fuel retail share rises on stable domestic pump prices
New Delhi : The joint venture of Reliance Industries and BP has sold about 50% more petrol and diesel in the retail market this year over the previous year as refining margins slump globally while stable domestic pump prices ensure attractive gains. : Economic Times
Windfall tax on petroleum crude slashed to ’zero’ with effect from THIS date; Diesel, ATF retained at nil
New Delhi : The government has scrapped the windfall tax on domestically produced crude oil with effect from September 18. The windfall tax on domestically produced crude oil will be zero, the government said in a notification on Tuesday, September 17. : Mint
Petroleum product exports shrink 14% in August as global demand cools
New Delhi : The continuing decline in the export of refined petroleum products widened in August to 5 million tonnes (mt), according to the latest data from the Petroleum Planning and Analysis Cell. : Business Standard
ArcelorMittal’s India joint venture seeks duty-free LNG imports: Report
New Delhi : ArcelorMittal’s India joint venture has called on New Delhi to remove the import tax on liquefied natural gas (LNG) for steelmaking to help the company cut its production costs and meet decarbonisation goals, a letter seen by Reuters showed. : Business Standard
Big oil companies defeat US consumer lawsuit over production, prices
New Delhi : Several oil companies including Exxon Mobil and Chevron defeated an appeal on Monday by consumers who accused them of colluding with former US President Donald Trump, Russia and Saudi Arabia to cut oil production, boosting prices at the pump. : Business Standard
Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On September 17
New Delhi : Petrol, Diesel Prices Today On September 17, 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
India monsoon rains dent state retailers’ diesel sales, data shows
New Delhi : India monsoon rains dent state retailers’ diesel sales, data shows. : Economic Times
Oil rises 2% from three-year low after traders bet on demand growth ahead of US Fed rate cut; Brent at $73/bbl
New Delhi : International crude oil prices rose by a dollar per barrel or nearly two per cent on Tuesday, September 17, as supply disruptions mounted and Wall Street traders bet oil demand will grow if the US Federal Reserve lowers its borrowing costs in its monetary policy decision on Wednesday, as is widely expected. : Mint
Low crude prices: Refiners place spot orders from West Asia in September
New Delhi : With global crude prices remaining below $75 in September so far, oil marketing companies (OMCs) have placed spot orders for crude from traditional West Asia suppliers such as Iraq, and United Arab Emirates (UAE), industry insiders said. : Business Standard
Govt scraps windfall tax on petroleum crude, effective from Sep 18
New Delhi : The government on Tuesday slashed windfall tax on domestically produced crude oil to ‘nil’ per tonne with effect from September 18. : Business Standard
Global oil importance wanes, but it remains key to India’s economic growth
New Delhi : The outcome was surprising. India was not supposed to overtake China for another few years. Earlier this month, two of the three leading global energy forecasters, whose reports are closely watched by traders, producers and investors, predicted that India will be the largest pillar of global oil demand in 2024. : Business Standard
India draws strength from cooperation with US on sustainable energy: Puri
New Delhi : Union Minister Hardeep Puri, who is in the US to hold discussions on energy cooperation has lauded the partnership between the two countries stating that New Delhi draws great strength from this cooperation on sustainable energy. : Business Standard
The Hydrogen Stream: India’s Uttar Pradesh receives INR 1.15 lakh crore investment proposals from 17 firms for green hydrogen production
New Delhi : The Indian state of Uttar Pradesh targets green hydrogen/green ammonia production capacity of 1 million metric tonne per annum (mmtpa) by the year 2029. : pv-magazine.com
Petrol and diesel price hike on September 17, Here are the new rates
Bhubaneswar : The prices of petrol and diesel Increased in Odisha’s capital city Bhubaneswar on September 17, 2024. On Tuesday, the price of gasoline has been recorded at Rs 101.34 per litre, while diesel cost is recorded at Rs 92.91 per litre. The Prices of petrol and Diesel have hiked by 0.46 and 0.45 Paise in the last 24 hours. : kalingatv.com
