MEDIA UPDATE (SEPTEMBER 24, 2022)

Sarkaritel
By Sarkaritel September 24, 2022 05:49

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24-Sep-2022

Power

G.Ravisankar assumes charge as Director (Finance) of POWERGRID

New Delhi : G. Ravisankar has assumed the charge of Director (Finance) of Power Grid Corporation of India Limited (POWERGRID), a Maharatna CPSU of Government of India. Prior to this, he was working as Executive Director (Finance) at POWERGRID. : Sarkaritel.com

Powergrid Corporation looking to ramp up investments in energy storage projects

New Delhi : State-owned power transmission utility Powergrid Corporation of India (PGCIL), is looking to ramp up focus on setting up energy storage projects and is identifying investment opportunities in this area. : Economic Times

NTPC Farakka Inaugurates Mobile Medical Unit in Jharkhand

New Delhi : In an effort to make healthcare accessible for people living at remote locations, NTPC Farakka inaugurated a Mobile Medical Unit at Borio, Sahibganj on 23rd September 2022. : psuconnect.in

RIL to invest in US-based solar technology firm Caelux Corporation

New Delhi : Reliance New Energy Limited (RNEL), a wholly-owned subsidiary of Reliance Industries (RIL) announced it has today signed definitive agreements to invest in Caelux Corporation, a company headquartered in Pasadena, California, engaged in the development of perovskite-based solar technology. : Economic Times

CIL to ink MoU with Three Major PSUs

New Delhi : Easing the way for setting up of coal-to-chemical projects through Surface Coal Gasification (SCG) route, Coal India Limited (CIL), under the aegis of the Ministry of Coal, will be inking three major Memorandum of Undertaking (MoU) on 27th September 2022 in New Delhi. : psuconnect.in

Coal phaseout in India could make electricity cost 40% less by 2050

New Delhi : A new research article published in a peer-reviewed journal shows that India could cut its electricity costs by about 40 per cent with a rapid transition of its power sector from coal to renewables by 2050. : Sarkaritel.com

EU green shift depends on mammoth investment in energy grid

New Delhi : Investments of more than half a trillion euros will be needed to modernise Europe’s energy grid this decade, if countries are to succeed in ramping up wind and solar power to break free from Russian gas, a draft EU document showed. : Economic Times

OPINION: Boost for power sector – APTEL recognises Carrying Cost as inherent to Change in Law relief

New Delhi : In a relief provided to the power sector in one more Adani’s case, the apex electricity tribunal (APTEL) in a first of its kind judgment on September 15, 2022 soldered the object and intent of Change in Law provision in the PPAs viz to relieve the affected party of the impact of Change in Law for increase in cost and decrease in revenue. : Economic Times

Focus on achieving net-zero target for 2070, PM Modi tells states

New Delhi : Prime Minister Narendra Modi on Friday said that the focus of the country is on green growth and green jobs. Addressing a conference of state environment ministers in Gujarat, he underlined the significance of achieving the net-zero target for the year 2070. : Economic Times

India may boost coal power fleet 25 per cent by 2030 amid rising demand

New Delhi : India plans to expand its coal power fleet by about a quarter through the end of the decade as it continues to lean on the fuel to meet growing demand until energy storage costs fall. : Economic Times

Energy crisis in Rajasthan turning serious, power minister Bhanwar Singh Bhati tells Assembly

Jaipur : Power minister Bhanwar Singh Bhati admitted in the Assembly on Thursday that power crisis in the state is turning serious due to the widening gap between the demand and supply. : Economic Times

Uniper to keep UK coal plant open this winter

New Delhi : Germany’s Uniper said on Thursday it would keep open a unit at its Ratcliffe coal power station in Britain to help shore up electricity supplies this winter. : Economic Times

Tata Power to set up 4-5 substations in Mumbai highrises

Mumbai : After experimenting with first-of-its- kind substation that was set up on 44th floor of a highrise in Lower Parel in 2018, Tata Power on Thursday announced plans to scale this initiative of high-floor substation and multi-floor metering to four to five locations in Mumbai soon. : Economic Times

Nations must invest, regulate to bring down energy costs: Report

New Delhi : Governments must deliberately use public investment and regulation to rapidly scale-up clean energy technologies to bring down costs, achieve global climate goals and boost economies worldwide, according to a new report launched by leading international economists and energy policy experts. : Economic Times

Estonian PM tells nation to prepare for blackouts if Russia switches off power grid

New Delhi : Estonian Prime Minister Kaja Kallas told her nation that power blackouts are possible if Russia kicks the Baltic states from the joint power grid, as she announced a snap defence readiness exercise. : Economic Times

S.Africa signs deals for wind energy to ease power outages

New Delhi : South Africa on Thursday inked the first three of a series of agreements with independent producers to supply wind energy amid worsening blackouts in the continent’s most industrialised economy. : Economic Times

Macron says he wants to make it easier to build renewable energy projects in France

New Delhi : President Emmanuel Macron on Thursday said he will cut red tape to halve the time it takes in France to get renewable projects off the ground, stressing that was crucial at a time when Europe faces a serious energy crunch amid the war in Ukraine. : Economic Times

India to get first car that can run on 100 per cent ethanol and electric

New Delhi : India will get its first flex-fuel vehicle, which can run on ethanol blended petrol and battery next month. The Flex Fuel Strong Hybrid Electric Vehicles (FFV-SHEV) imported from Brazil will be used as a pilot to assess its performance in terms of reduced carbon emissions. : Economic Times

EnerVenue & Green Energy Renewable In 250 MWh Storage Deal

New Delhi : EnerVenue & Green Energy Renewable In 250 MWh Storage Deal. : saurenergy.com

Uttar Pradesh DISCOM to Tender 10 MW/40 MWh Battery Energy Storage Project

New Delhi : Uttar Pradesh DISCOM to Tender 10 MW/40 MWh Battery Energy Storage Project. : mercomindia.com

Daily News Wrap-Up: P&G to Procure Power From ENGIE’s 200 MW Solar Project

New Delhi : Daily News Wrap-Up: P&G to Procure Power From ENGIE’s 200 MW Solar Project. : mercomindia.com

Glennmont and MN To Invest €700 Million for Renewables Expansion Across Europe

New Delhi : Glennmont and MN To Invest €700 Million for Renewables Expansion Across Europe. : mercomindia.com

Solar Plus Energy Storage Gains Market Share in Residential Installations in the US

New Delhi : Solar Plus Energy Storage Gains Market Share in Residential Installations in the US. : mercomindia.com

3 power plants dumping fly ash without GPCB approval: CAG report

New Delhi : Three thermal power plants operated by Torrent Power, Adani Power and Tata Power dumped fly-ash (a by-product generated from coal burnt in a thermal plant) in low-lying areas without permission from the Gujarat Pollution Control Board (GPCB), stated a report by the Comptroller and Auditor General of India (CAG) tabled in Gujarat Assembly Thursday. : Indian Express

Octopus Energy Generation ups stake in UK offshore wind farm

New Delhi : Renewable energy investor Octopus Energy Generation said on Friday it has increased its stake in Britain’s Lincs Offshore Wind Farm. : Economic Times

How should India catalyze sub-sector and state efforts to achieve breakthrough climate agenda

New Delhi : Even though India remains the only G20 country whose climate actions are compatible with 2-degree ambitions, the business-as-usual approach for the 1.5-degree goal shall remain insufficient for tackling climate change as well as meeting the needs for economic growth and energy security. : Economic Times

CIL to ink pacts with BHEL, IOCL and GAIL to set up four coal gasification projects

New Delhi : State-owned CIL will sign agreements with three public sector enterprises — Bharat Heavy Electricals Ltd (BHEL), Indian Oil Corporation Ltd (IOCL) and GAIL (India)– in order to set up four surface gasification projects. : Economic Times

Indonesia power firm PLN starts construction $850 mln hydro plant

Jakarta : Indonesia state utility company PT Perusahaan Listrik Negara (PLN) has launched construction of a $850 million 4×260 megawatt hydropower plant in West Java, part of the country’s efforts to increase its renewable power contribution to its energy mix. : Economic Times

Sterling & Wilson wins USD 1.5-billion solar plants order from Nigerian govt

New Delhi : Sterling & Wilson Renewable Energy has bagged a reported USD 1.5-billion order from the government of Nigeria, along with its consortium partner Sun Africa, for setting up solar PV power plants. : Economic Times

India installed 13 GW additional RE capacity in 2021-22: Report

New Delhi : India has installed an additional 13.73 gigawatt (GW) of renewable energy capacity in 2021-22 and has reached a total capacity of 161.28 GW, with 64 GW under implementation and 28 GW tendered, according to a recent by UN-Energy. : Economic Times

S.Africa teens build solar train as power cuts haunt commuters

New Delhi : For years, students in a South African township have seen their parents struggle to use trains for daily commutes, the railways frequently hobbled by power outages and cable thefts. : Economic Times

Initial investments of $46 billion boosted electricity access, renewables: UN report

New Delhi : Initial investments of $46 billion provided enhanced electricity access to six million people, and improved access to clean cooking for 14 million people, according to the Energy Compact Progress Report released by UN-Energy at the first-ever EnergyNow SDG7 Action Forum. : Economic Times

India reduced emission intensity of its GDP by 24 per cent in 11 yrs through 2016: UN

New Delhi : India has achieved a 24 per cent reduction in emission intensity of GDP between 2005 and 2016, and the country is committed to reducing emissions intensity of its GDP by 45 per cent from 2005 levels by 2030, the United Nations has said in a report. : Economic Times

India handling of energy-related issues quite impressive: US Deputy Energy Secy David Turk

New Delhi : India’s handling of energy-related issues, including the current challenges and those futuristic in nature, is quite impressive, said a top Joe Biden Administration official and stressed that India-US energy dialogue is renamed energy action. : Economic Times

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. : Economic Times

OPINION: Energy transition – Looking beyond technologies

New Delhi : While the human development aspects of the UN `Human Development Report 2022 (HDR 2022)’ have been discussed widely, its observations on the potential uncertainties in the context of energy transition seem to have escaped the attention they deserve. : Economic Times

RE Employment Rose 700,000 in 2021; Nears 13 million: Report by IRENA & ILO

New Delhi : RE Employment Rose 700,000 in 2021; Nears 13 million: Report by IRENA & ILO. : saurenergy.com

India Added 9.9 GW of Solar Installation in First Eight Months of CY-22

New Delhi : India Added 9.9 GW of Solar Installation in First Eight Months of CY-22. : saurenergy.com

New York Hits 4-GW Distributed Solar Power Milestone

New Delhi : New York Hits 4-GW Distributed Solar Power Milestone. : saurenergy.com

In a First, Wind and Solar Projects Met Over 10% of Global Electricity Demand in 2021: BNEF

New Delhi : In a First, Wind and Solar Projects Met Over 10% of Global Electricity Demand in 2021: BNEF. : mercomindia.com

Empanelment Tender Floated to Set Up 738 EV Charging Stations Across India

New Delhi : Empanelment Tender Floated to Set Up 738 EV Charging Stations Across India. : mercomindia.com

Metal Fluoride in Perovskite-Silicon Solar Cells Can Boost Performance

New Delhi : Metal Fluoride in Perovskite-Silicon Solar Cells Can Boost Performance. : mercomindia.com

India to shift 50% of energy requirements to renewable energy by 2030: Dr Jitendra Singh

New Delhi : Dr Jitendra Singh, Minister of State for the Ministry of Science and Technology has announced the launch of the “Innovation Roadmap of the Mission Integrated Biorefineries” developed by co-leads and active inputs from Brazil, Canada, EC and the UK. : thestatesman.com

India working to transform its energy landscape with significant clean energy share: Minister Jitendra Singh

New Delhi : India is working to transform its energy landscape with a significant clean energy share, Science and Technology Minister Jitendra Singh has told the international community while asserting the country will achieve net zero emissions by 2070. : Economic Times

Bengaluru power cut in these areas from Sept 23-25. Details here

New Delhi : Several regions in Bengaluru will be witnessing power cuts during the weekends due to maintenance work carried out by the city’s electricity board. : Mint

Siemens Gamesa Reveals Recyclable Blade For Onshore Wind Power Projects

New Delhi : Siemens Gamesa Reveals Recyclable Blade For Onshore Wind Power Projects. : saurenergy.com

Whirlpool To Reach 100 Percent Renewable Electricity For US Plant Operations By 2023

New Delhi : Whirlpool To Reach 100 Percent Renewable Electricity For US Plant Operations By 2023. : saurenergy.com

Dr Jitendra attends dinner meeting with US Energy Minister Jennifer

New Delhi : The hallmark of the first day of the Global Clean Energy Action Forum 2022 was a dinner meeting attended by Union Minister Dr Jitendra Singh with US Energy Minister Jennifer Granholm and other important Ministers of the forum. : risingkashmir.com

Ladakh to soon have ‘Design and Assembly lab of Solar-based products’: CEC Leh

Leh : Chairman/CEC, Adv. Tashi Gyalson chaired a meeting in continuation with the meeting held in the month of April 2021 with NIELIT Leh in which the Hill Council desired to set up a design and assembly lab of Solar-based products for the youths keeping in view the potential of harnessing solar energy in Ladakh. Accordingly, : voiceofsikkim.com


Oil and Gas

Indian Oil plans Panipat refinery maintenance, to revamp naphtha cracker, say sources

New Delhi : Indian Oil Corp plans maintenance at its 300,000 barrels per day (bpd) Panipat refinery in northern India, which includes a shutdown of a naphtha hydrocracker for about 80 days and half of its crude processing for about a month, sources said. : Economic Times

Reliance New Energy Limited to invest in Caelux Corporation

Mumbai : Reliance New Energy Limited (“RNEL”), a wholly-owned subsidiary of Reliance Industries Ltd (“Reliance”), has today signed definitive agreements to invest in Caelux Corporation (“Caelux”), a company headquartered in Pasadena, California, in the United States of America, engaged in the development of perovskite-based solar technology. RNEL will invest USD 12 million to acquire 20% stake in Caelux. : psuconnect.in

BPCL receives three awards at Energy Efficiency Summit

New Delhi : BPCL announced that the company received three more awards, this time at the Energy Efficiency Summit held in New Delhi on 21st September 2022 presented by CII 23rd National Awards for Excellence in Energy Management 2022, which is a recognition of high calibre and outstanding contribution to the field of Energy-Efficiency by BPCL. : psuconnect.in

ONGC Institute of Engineering and Ocean Technology gets two Best paper awards

New Delhi : ONGC’s Institute of Engineering and Ocean Technology (IEOT) gets two Best paper awards on Failure analysis of sucker rod & Failure analysis of bolts of an annulus valve at CorconIndia 2022 organized by Nace India at Udaipur. : psuconnect.in

Oil & Natural Gas Corpn announces change in Govt. Nominee Director

New Delhi : Oil & Natural Gas Corpn announced the appointment of Praveen Mal Khanooja, Additional Secretary, Ministry of Petroleum & Natural Gas, as the Government Nominee Director with effect from 23 September 2022 and G Srinivas ceased as the Director of the Company with effect from 22 September 2022. : Business Standard

Judge approves $230M settlement in California oil spill case

New Delhi : A judge has approved a $230 million lawsuit settlement by the owners of a pipeline that spilled more than 140,000 gallons of crude oil into the ocean off California in 2015, lawyers announced Thursday. : Economic Times

CIL to ink pacts with BHEL, IOCL and GAIL to set up four coal gasification projects

New Delhi : State-owned CIL will sign agreements with three public sector enterprises — Bharat Heavy Electricals Ltd (BHEL), Indian Oil Corporation Ltd (IOCL) and GAIL (India)– in order to set up four surface gasification projects. : Economic Times

UK confirms support for new oil, gas licensing round

London : The UK government has formally lifted a ban on fracking for shale gas in England and confirmed support for new oil and gas licensing round. : Economic Times

Cameroon and oil trader Vitol reach agreement over refinery debt restructure

New Delhi : Cameroon’s national oil refining company, SONARA, has reached a deal with oil trader Vitol to restructure its commercial debt towards the Dutch energy and commodity trading company, the country’s finance minister said on Thursday. : Economic Times

Russian finance ministry seeks to hike oil and gas taxes

Moscow : A new Russian draft budget will aim to draw in more funds from oil and gas producers while commodity prices are high, Finance Minister Anton Siluanov said on Thursday, as part of efforts by the government to tackle its budget deficit. : Economic Times

California takes step away from natural gas to heat buildings

New Delhi : California air quality regulators on Thursday voted to require all new space and water heaters sold in the state by 2030 have no emissions, a step toward phasing out the use of natural gas for heating homes and businesses. : Economic Times

Spain-France gas pipeline capacity increased and available, Spain says

New Delhi : The capacity of a Spain-France gas pipeline has been increased and can be used immediately if needed, Spain’s energy minister said on Thursday. : Economic Times

Opinion: Recession will be necessary to rebalance the oil market: Kemp

London : Unused capacity in global oil production has fallen to exceptionally low levels, contributing to the intense upward pressure on prices until very recently. : Economic Times

India announces launch of Innovation Roadmap of the Mission Integrated Biorefiners

New Delhi : Aiming at greater international collaboration and the need for increased financing for Energy Research, Development, and Demonstration (RD&D), the Centre on Friday announced the launch of the “Innovation Roadmap of the Mission Integrated Biorefineries” developed by co-leads and active inputs from Brazil, Canada, EC and the UK. : Economic Times

Yemeni FM calls for faster salvage of derelict oil tanker

New York : On the sidelines of the ongoing UN General Assembly (UNGA) in New York, Yemen’s Foreign Minister Ahmed Awad Bin Mubarak called for accelerating the UN-coordinated plan to prevent a massive oil spill in Red Sea from the derelict Safer oil tanker moored off the port of Hodeidah. : Economic Times

Hungary and Russia hold talks on gas, nuclear plant

New Delhi : Hungary’s foreign minister said on Friday he met Russian Foreign Minister Sergei Lavrov in New York and discussed gas shipments and construction of the Paks nuclear plant being built by Russia’s Rosatom. : Economic Times

Shenghong Petrochemical readies terminal for oil super tankers

Singapore : Chinese refiner Shenghong Petrochemical Corp, part of the listed Jiangsu Eastern Shenghong Co, has readied a new terminal to receive Very Large Crude Carriers and boost the refiner’s logistics efficiency, a company representative said. : Economic Times

Paris and New York join climate litigation against TotalEnergies

New Delhi : The cities of Paris and New York have joined a coalition of associations and local authorities that are suing oil major TotalEnergies for failing to adequately fight climate change, the coalition said in a statement on Wednesday. : Economic Times

Sustainable fuel startup Air Company to sell to JetBlue, Virgin Atlantic

New York : Sustainable fuel startup Air Company has multi-year agreements to sell jet fuel made from captured carbon emissions to carriers JetBlue Airways Corp and Britain’s Virgin Atlantic, the companies said on Thursday. : Economic Times

Indonesia’s Pertamina plans carbon storage test by year end- director

Jakarta : Indonesia’s state energy firm Pertamina aims to test the injection of carbon for storage underground by the end of 2022, as authorities prepare a regulation to encourage the development of carbon capture infrastructure, officials said on Thursday. : Economic Times

Black Sea gas potential huge, but regulation needed to speed up development

New Delhi : The potential for further gas discoveries in Romania’s Black Sea is huge, but the government needs to improve regulation to speed up development, the country’s top gas producers said on Thursday. : Economic Times

Incoming Shell CEO Sawan set to fire up renewables drive

London : Shell’s incoming Chief Executive Wael Sawan is set to accelerate the group’s drive to build its renewable energy business, including through a possible “transformative” clean power acquisition, company and industry sources said. : Economic Times

India set to skip buying Russia’s ESPO crude in September 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

India to get first car that can run on 100 per cent ethanol and electric

New Delhi : India will get its first flex-fuel vehicle, which can run on ethanol blended petrol and battery next month. The Flex Fuel Strong Hybrid Electric Vehicles (FFV-SHEV) imported from Brazil will be used as a pilot to assess its performance in terms of reduced carbon emissions. : Economic Times

Oil prices rise as Iran deal stalls, Russian supply amid conflict

New Delhi : Oil prices rose in early Asian trade on Friday on the prospect that a stalled Iran nuclear agreement and Moscow’s new mobilization campaign in its invasion of Ukraine would further restrict global supplies. : Economic Times

Non-oil imports from Russia surge; exports face hurdles

New Delhi : India’s non-oil imports from Russia have surged in the first four months of this fiscal, adding to a sharp increase in crude oil purchases from Moscow, which is facing severe sanctions from the West over its invasion of Ukraine. : Mint

Ballard To Power 7 Hydrogen-Run Trains Of Siemens Mobility

New Delhi : Ballard To Power 7 Hydrogen-Run Trains Of Siemens Mobility. : saurenergy.com

Europe’s IPCEI Project to Get €5.2 Billion Funding to Develop Hydrogen Value Chain

New Delhi : Europe’s IPCEI Project to Get €5.2 Billion Funding to Develop Hydrogen Value Chain. : mercomindia.com

Sarkaritel
By Sarkaritel September 24, 2022 05:49