MEDIA UPDATE (SEPTEMBER 23, 2022)

Sarkaritel
By Sarkaritel September 23, 2022 06:52


23-Sep-2022

Power

REC conferred with ‘Golden Peacock Award for Excellence in Corporate Governance

New Delhi : REC Limited (REC) has been declared the winner of ‘The golden Peacock Award for Excellence in Corporate Governance for the year 2022 by the Institute of Directors (loD). : psuconnect.in

NTPC Ramagundam Awarded for Excellence in Energy Management

New Delhi : NTPC Ramagundam received CII Nation Energy Leader Award 2022 at New Delhi. The Award was conferred on NTPC Ramagundam for excellent performance in Energy Management for the second consecutive year. : psuconnect.in

CEA brings out framework for secured power supply

New Delhi : Shri Krishan Pal Gujar, Minister of State for Power & Heavy Industries inaugurated a workshop on “Resource Adequacy- Need and way forward” organized by Central Electricity Authority, Ministry of Power in New Delhi today. : psuconnect.in

DVC wins Inter CPSU Chess Tournament, 2022

New Delhi : Team DVC emerged as the Champions in the Men’s Team event of 28th Inter CPSU Chess Tournament, held on 20th & 21st September, 2022, at State Convention Centre, Shillong & organised by NERLDC, POSOCO, under the aegis of PSCB, MoP, GoI. : psuconnect.in

Shift to cleaner fuels by September end or face closure, 107 factories told

Gurgoan, Haryana : The state’s pollution board has sent notices to 107 factories, asking them to switch from diesel to other cleaner fuels such as PNG and biomass before the October 1 deadline for the National Capital Region (NCR). : Economic Times

Brookfield aiming to build 12-16 GW of renewable power in India over the next 10 years

New Delhi : Brookfield is looking to multiply its current 4 GW renewable portfolio by 3 to four times in India within the next decade generation as well as help corporates make the transition to decarbonise and invest in building large-scale supply chains in the country, said a top executive. : Economic Times

Portugal ups debut offshore wind auction target to 10 GW

New Delhi : Portugal has raised the target for its debut offshore wind power auction to 10 gigawatts (GW), Environment Minister Duarte Cordeiro said on Wednesday, aiming to “move faster” on the country’s energy transition. : Economic Times

UK to halve business energy prices this winter

London : The wholesale price of gas and electricity for all non-domestic customers in the UK will be cut by half their anticipated level during this winter under a government support plan. : Economic Times

Allowing solar imports in national interest until domestic players catch up: Industry

New Delhi : Any relief in the timelines of approved list of module manufacturers (ALMM) implementation will give domestic solar manufacturers time to expand and until then allowing imports is in national interest, according to industry. : Economic Times

India may be net zero by 2065, if external factors don’t hit plans

Nagpur : India may achieve its net zero target by 2065, if current energy policies and market momentum are not disrupted by externalities. The country, however, will need almost half of the United States’ Gross Domestic Product (GDP) to be able to achieve this. : Economic Times

Four states account for a bulk of the shortfall in 175 GW renewable energy target: Report

New Delhi : It is unlikely India will reach its December 2022 target of 175 GW renewable energy generation capacity but its 2030 targets of 450 GW renewables and 500 GW non-fossil capacity are well within reach, according to a new report. : Economic Times

Amp Energy India plans to make 1.2 GW solar cells, modules in JV with Websol

New Delhi : Amp Energy India on Wednesday announced its plans of manufacturing 1.2 GW solar cells and modules. The plan will be implemented through a joint venture company in partnership with Websol Energy Systems, Amp Energy India said in a statement. : Economic Times

Amazon Scales Up Green Ambitions In India, 3 Solar Plants of 420 MW Planned In Rajasthan

New Delhi : Amazon Scales Up Green Ambitions In India, 3 Solar Plants of 420 MW Planned In Rajasthan. : saurenergy.com

Aurora Solar Expands Partner Ecosystem to Step-Up Access to Solar Financing

New Delhi : Aurora Solar Expands Partner Ecosystem to Step-Up Access to Solar Financing. : saurenergy.com

Vestas Partners with LM Wind Power for V172-7.2 MW Wind Turbine Blades

New Delhi : Vestas Partners with LM Wind Power for V172-7.2 MW Wind Turbine Blades. : saurenergy.com

KREDL Floats Tender for Acrylic Miniature Model of 2.05 GW Pavagada Solar Park

New Delhi : KREDL Floats Tender for Acrylic Miniature Model of 2.05 GW Pavagada Solar Park. : saurenergy.com

CERC Turns Down PSEPL’s Petition Against NTPC to Refund Liquidity Damages

New Delhi : CERC Turns Down PSEPL’s Petition Against NTPC to Refund Liquidity Damages. : saurenergy.com

Daily News Wrap-Up: Hero MotoCorp Partners with HPCL to Deploy EV Charging Stations Across India

New Delhi : Daily News Wrap-Up: Hero MotoCorp Partners with HPCL to Deploy EV Charging Stations Across India. : mercomindia.com

Bids Invited to Set Up 47 Solar EV Charging Stations in Indore

New Delhi : Bids Invited to Set Up 47 Solar EV Charging Stations in Indore. : mercomindia.com

Electricity Tariff Hike Could Nudge Tamil Nadu C&I Entities to Adopt Solar Open Access

New Delhi : Electricity Tariff Hike Could Nudge Tamil Nadu C&I Entities to Adopt Solar Open Access. : mercomindia.com

Solar power generation in TN reaches all-time high: Power Minister

Chennai : Tamil Nadu touched the highest level of solar power generation, generating 3,782 MW at 12.30 p.m. on Wednesday, state Power Minister Senthil Balaji said on Thursday. : Sarkaritel.com

France wants to boost renewable energy, now lagging behind

New Delhi : France President Emmanuel Macron is set to unveil a plan on Thursday to boost renewable energy in his country, including offshore wind farms and solar power, as the country is lagging behind most of its European neighbours. : Economic Times

Power component cost of Kishau dam, if hiked, be borne by 4 states: Pushkar Singh Dhami

Dehradun : In a meeting of Union minister of Jal Shakti Gajendra Singh Shekhawat with chief ministers of Uttarakhand, Himachal Pradesh and Haryana held in Delhi on Wednesday on the issue of Kishau Dam Project, CM Dhami said. : Economic Times

India to offer more incentives for local chip, display manufacturing

New Delhi : India’s government on Wednesday raised fiscal support for new semiconductor facilities to cover 50 per cent of project costs and said it will remove a ceiling for maximum permitted investment for display manufacturing as it moves to boost local production. : Economic Times

Average power demand has doubled in Uttar Pradesh in past 5 years

Lucknow : The average demand for power in UP almost doubled between 2012-17 and April-September 2022 (Yogi 2.0) with the peak demand touching an all-time high of 26,589 mega watt (MW) on September 9, the state government informed the UP assembly on Wednesday. : Economic Times

ReNew Power to supply 210 MW solar power to Amazon

New Delhi : ReNew Power on Wednesday said it has inked an agreement to supply 210 MW of solar energy to e-commerce major Amazon. : Economic Times

Cabinet nod for purchasing 50MW solar power from Arunachal corp for 4 yrs

Panaji : The state cabinet on Wednesday granted approval to purchase 50 megawatt renewable power per annum at the rate of Rs 5.1 per unit from M/s Arunachal Pradesh Power Corporation Pvt Ltd (APPCPL) for the period November 1, 2022 to October 31, 2026 to meet the Solar Renewable Purchase Obligation. : Economic Times

REC commits Rs 1.85 Cr for CoSI at Kashmir University under CSR

New Delhi : Built with CSR assistance from REC, the ‘Conservation Science and Innovation Laboratory’ (CoSI) was inaugurated on 21 Sept 2022 at Kashmir University. : psuconnect.in

Hitachi Energy to Enable Renewable Electricity Transmission Between Canada & New York

New Delhi : Hitachi Energy to Enable Renewable Electricity Transmission Between Canada & New York. : saurenergy.com

Citizens Financial Group to Source 100% Renewable Power from Ørsted

New Delhi : Citizens Financial Group to Source 100% Renewable Power from Ørsted. : saurenergy.com

Gujarat Becomes 4th State to Meet RE Targets 2022; Maha, AP, UP, MP Fall Short

New Delhi : Gujarat Becomes 4th State to Meet RE Targets 2022; Maha, AP, UP, MP Fall Short. : saurenergy.com

APTEL Permits Adani Green To Claim Carry Costs Based On Change In Law Interpretation

New Delhi : APTEL Permits Adani Green To Claim Carry Costs Based On Change In Law Interpretation. : saurenergy.com

Haryana Regulator Allows State DISCOMs to Carry Forward RPO Backlogs

New Delhi : Haryana Regulator Allows State DISCOMs to Carry Forward RPO Backlogs. : mercomindia.com

Madhya Pradesh Regulator Sets Tariff of ₹5.07/kWh for Biomass-based Power

New Delhi : Madhya Pradesh Regulator Sets Tariff of ₹5.07/kWh for Biomass-based Power. : mercomindia.com

CESL Invites Bids to Procure 5,690 Electric Buses

New Delhi : CESL Invites Bids to Procure 5,690 Electric Buses. : mercomindia.com

Solar EVA Manufacturer Navitas Alpha Raises ₹70 Million in a Seed Round

New Delhi : Solar EVA Manufacturer Navitas Alpha Raises ₹70 Million in a Seed Round. : mercomindia.com

UP govt will not give free electricity to farmers for using private tube wells, says minister

Lucknow : Uttar Pradesh energy minister Arvind Kumar Sharma on Wednesday said that the government will not provide free electricity to farmers for using private tube wells to irrigate their crops. : theprint.in

Power Minister R.K. Singh addresses launch event of Agni Tattva Campaign

New Delhi : The launch event of Agni Tattva – Energy for LiFE, an initiative under the umbrella campaign of Sumangalam was held yesterday at Nehru Memorial Museum and Library. : psuconnect.in

Centre approves ₹19,500 cr PLI for solar PV modules

New Delhi : In a bid to push India’s energy transition toward renewable sources, the union cabinet on Wednesday allocated ₹19,500 crore for domestic manufacture of solar photovoltaic (PV) modules that could lead to savings of ₹1.37 trillion in imports. : Mint

Private players contribution key to achieve Tamil Nadu’s 50 per cent renewable energy target

Chennai : Inviting private renewable energy enterprises to help meet TN’s target of making 50 per cent electricity generation from clean energy sources, electricity minister V Senthil Balaji on Wednesday said it is crucial as Tamil Nadu’s energy demand is expected to go up by 65,000 MW in the next 10 years. : Economic Times

Vij orders suspension of power department JE over graft allegations

New Delhi : Haryana home minister and Ambala Cantonment MLA Anil Vij ordered the suspension of a junior engineer at the Uttar Haryana Bijli Vitran Nigam (UHBVN) who was accused of graft during a ‘janta durbar’ on Wednesday. : Hindustan Times

Government nod for PLI scheme for Solar PV modules: Power ministry

New Delhi : The government on Wednesday approved the second tranche of the performance-linked incentive (PLI) scheme for the development of solar PV modules, with an outlay of Rs 19,500 crore. : New Indian Express


Oil and Gas

” New Delhi : Taking forward IndianOil’s Vision / Mission statement, ‘…to help enrich the quality of life of the community and preserve ecological balance and heritage through a strong environment conscience…’, IndianOil is undertaking several initiatives towards protecting the one – horned Rhino, categorized a ‘vulnerable’ as per Extinction Risk by WWF.” : Sarkaritel.com

Sanjay Choudhuri to be the next Director-Finance of NRL

New Delhi : Public Enterprises Selection Board has recommended the name of Sanjay Choudhuri for the post of Director (Finance) of Assam Based public sector oil company, Numaligarh Refinery Limited. Currently, he is working with Oil India Limited as Executive Director. : psuconnect.in

Indian Oil keeps prices of petrol, diesel unchanged in Delhi

New Delhi : Indian Oil Corp Ltd today kept the prices of petrol and diesel in Delhi unchanged from Wednesday, according to information from the country’s largest fuel retailer. : Free Press Journal

BPCL bags 17 awards at National Awards for Excellence 2022

Bengaluru : Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune Global 500 Company was accredited with maximum number of 17 awards in various categories by the National Awards for Excellence organized by ET Ascent, at an event held in Bangalore. : newspatrolling.com

Canada’s Pieridae in talks with government, TC Energy about east coast LNG project

New Delhi : Pieridae Energy, one of the companies proposing a liquefied natural (LNG) gas terminal on Canada’s east coast, has asked the federal government to help ensure pipeline operator TC Energy would be able secure permits to expand gas supply pipelines in a timely fashion. : Economic Times

Australian Indigenous traditional owners halt gas drilling

New Delhi : Indigenous traditional owners on Wednesday won a court challenge that prevents an energy company from drilling for gas off Australia’s north coast. : Economic Times

UK’s first CO2 storage round attracts bids from 19 companies

London : A total of 19 companies applied to develop carbon dioxide (CO2) storages off Britain in the country’s first such licensing round, the North Sea Transition Authority (NSTA) said on Thursday. : Economic Times

US crude, fuel stockpiles rise in most recent week: EIA

New Delhi : US crude stocks, gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday. : Economic Times

IGGL achieves 42.94 per cent physical progress, Rs 1556.46 crore capital expenditure

New Delhi : The Indradhanush Gas Grid Limited (IGGL), joint venture of five oil and gas public sector undertakings, has achieved a physical progress of 42.94 per cent and a capital expenditure of Rs 1556.46 crore for the 2021-22 financial year, according to a company release here on Thursday. : Economic Times

Ohio oil refinery fire kills 2 people; plant shut down

New Delhi : A fire at an oil refinery in Ohio killed two people and the facility was shut down Wednesday, officials said. The fire started Tuesday night at BP’s Husky Toledo Refinery, BP spokesperson Megan Baldino said in a statement. There was no word on how it started or the extent of the damage. : Economic Times

US plans to hold Cook Inlet drilling auction in December

New Delhi : The Biden administration on Wednesday revealed plans to hold an auction of oil and gas drilling rights for up to 1 million acres in the Cook Inlet off the coast of Alaska in December. : Economic Times

Romanian energy min expects Black Sea gas investment decision by end-2022

New Delhi : A final investment decision in a long-awaited Romanian offshore Black Sea project should be announced by year-end, earlier than the developer’s deadline, Energy Minister Virgil Popescu said on Wednesday. : Economic Times

Charity urges donor support to avert oil spill off Yemen

New Delhi : An international charity on Wednesday urged global donors to pay up on pledges to remove oil from a long-stranded and rusting supertanker off Yemen to avert an explosion or leak that could wreak environmental and economic disaster. : Economic Times

Resignation of Japan oil giant’s leader tied to sexual assault: statement

Tokyo, Japan : The Japanese oil giant Eneos Holdings confirmed on Wednesday that the abrupt resignation of its chairman and chief executive in August was linked to his implication in a sexual misconduct case revealed by a local tabloid. : Economic Times

India set to skip buying Russia’s ESPO crude in Sept as freight costs jump

New Delhi : Indian refiners are set to skip purchases of Russia ESPO crude oil this month due to higher freight rates, turning to Africa and the Middle East instead, industry sources said. : Economic Times

There is growing momentum for low-emission hydrogen fuel: IEA

New Delhi : Despite the global energy crisis, momentum is still growing for low-emission hydrogen, a new IEA report said on Thursday. : Mint

Germany nationalises country’s largest gas importer for energy security

New Delhi : The German government agreed to nationalise the country’s largest gas importer Uniper in an effort to ensure energy security against the backdrop of Russia’s gas supply freeze and rocketing gas prices. : Business Standard

Industry seeks extension on usage of diesel generator sets for another year

New Delhi : The Commission for Air Quality Management (CAQM) has made it illegal in NCR to use diesel generator sets fr0m October 1 to check pollution during winter. : knnindia.co.in

Assembly panel raps Gujarat State Petroleum Corporation over Rs 500 cr loss in KG Basin block project

Gandhinagar : A Gujarat Assembly committee has criticised the Gujarat State Petroleum Corporation over a loss of nearly Rs 500 crore in a drilling work in Krishna Godavari (KG) Basin block, saying it could have been avoided if the state government-controlled entity worked in a “responsible and vigilant manner”. : Economic Times

UN gets funds needed to salvage derelict oil tanker off Yemen

United Nations : The UN now has all the funds needed to start an emergency operation to prevent a massive oil spill from the derelict Safer oil tanker in the Red Sea off Yemen. : Economic Times

UK government formally confirms lifting of fracking ban

London : The UK government formally confirmed Thursday that it’s lifting a ban on fracking in England, arguing that the move will help boost the country’s energy security amid Russia’s war in Ukraine. : Economic Times

Algeria to increase gas supply to Italy

New Delhi : Algerian state-owned energy giant Sonatrach plans to increase its gas supply to Italy in the coming months, according to a statement issued by the Ministry of Energy and Mines. : Economic Times

Oil rises as supply fears overtake recession worries

New Delhi : Oil rebounded on Thursday after sliding 1 per cent in the previous session as concerns over tight supplies heading into winter eclipsed fears of a global recession. : Economic Times

California relied heavily on natural gas during Sept heat wave: EIA

New Delhi : During an extreme heat wave in early September, the California power grid relied on natural gas for almost half of its electricity generation to meet peak demand, the U.S. Energy Information Administration (EIA) said on Wednesday. : Economic Times

China’s crude oil demand rebounds as refiners prepare to ramp up output

Singapore : At least three Chinese state oil refineries and a privately run mega refiner are considering increasing runs by up to 10 per cent in October from September, eyeing stronger demand and a possible surge in fourth-quarter fuel exports, people with knowledge of the matter said. : Economic Times

Valero, Marathon top beneficiaries of US emergency oil releases

Houston : Oil refiners Valero Energy Corp and Marathon Petroleum Corp are the biggest beneficiaries of the US government’s oil reserve releases, taking nearly half the crude offered, a Reuters analysis of Department of Energy data showed on Wednesday. : Economic Times

EU windfall tax would cost TotalEnergies more than 1 bln euros: CEO

New Delhi : TotalEnergies is likely to face more than 1 billion euros in additional levies if a European Union scheme to impose extra taxes on oil and gas companies is approved, the French energy company’s CEO said on Wednesday. : Economic Times

Argentina prepares bill to advance energy sector, including LNG exports

Houston : Argentine President Alberto Fernandez on Wednesday said his government plans in coming days to submit legislation to the national congress that “would give certainty” to energy producers and help advance Argentina’s liquefied natural gas (LNG) agenda. : Economic Times

Oil spill covers 8 km 2 off Sindhudurg coast

Navi Mumbai : It is now officially confirmed that there is oil spill off the Sindhudurg coast due to the sunken tanker. The oil spill has been spreading from the MT Parth tanker off Vijaydurg coast since Monday. : Economic Times

Oil prices slip after US interest rate hike on fears for demand

New Delhi : Oil prices edged lower in early Asian trade on Thursday after the US Federal Reserve raised interest rates significantly to curb inflation, with fears for the global economy casting a shadow over future fuel demand. : Economic Times

Russian mobilization hikes urgency of oil price cap -Ukrainian presidential advisor

Berlin, Germany : Russia’s first mobilization since World War Two makes more urgent the need for a cap on Russian oil prices to cut off the “blood money” supporting its war in Ukraine, a senior economic adviser to Ukrainian President Volodymyr Zelenskiy told Reuters. : Economic Times

India plans strategic gas reserves after Russian supply disruption

New Delhi : India is expediting a plan to set up a strategic gas reserve on the lines of its strategic petroleum reserve (SPR), amid a global energy crisis triggered by the Russia-Ukraine conflict that has sent fuel prices soaring. : Mint

After crude, Centre now expedites plan to set up strategic gas reserve

New Delhi : India is expediting a plan to set up a strategic gas reserve on the lines of its strategic petroleum reserve (SPR), amid a global energy crisis triggered by the Russia-Ukraine conflict that has sent fuel prices soaring. : Mint

America has lost its oil buffer

New Delhi : Brace for impact: The U.S. is running out of a cushion reserved for oil shocks. : Mint

India plans to set up strategic gas reserve amid global energy crisis

New Delhi : Amid a deepening global energy crisis, India is planning to set up a strategic gas reserve on the lines of its strategic petroleum reserve (SPR), Livemint reported on Thursday. : Business Standard

HP Lubricants wins ET Ascent National Award

New Delhi : HP Lubricants wins the prestigious ET Ascent National Award for Leadership & Excellence in CSR & Sustainability. : psuconnect.in

Petrol, diesel prices in Odisha: Check latest rates of fuel in different towns of state on Sept 22

New Delhi : The rates of petroleum products always fluctuate with global market trends. The rates of petrol and diesel have been considerably steady in Odisha and other parts of the country for quite some time now. : odishatv.in

Air India, AirAsia India, Vistara sign MoU for sustainable aviation fuel

New Delhi : Airlines under the Tata umbrella have signed an memorandum of understanding with Council Of Scientific And Industrial Research–Indian Institute Of Petroleum (CSIR–IIP) to collaborate and work together on research, development and deployment of sustainable aviation fuels. : Mint

Sheetal Cool Products signs MOU with BPCL

New Delhi : Sheetal Cool Products Limited signed MOU with Bharat Petroleum Corporation Limited (BPCL) for setting up Outlets/Kiosk of Sheetal brand at BPCL Retail Outlets all over Gujarat. : Equity Bulls

Sarkaritel
By Sarkaritel September 23, 2022 06:52