MEDIA UPDATE (SEPTEMBER 26, 2022)

Sarkaritel
By Sarkaritel September 26, 2022 06:52

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26-Sep-2022

Power

Coal India to ink pacts with Indian Oil, BHEL, GAIL to set up 4 gasification projects

New Delhi : Coal India Ltd (CIL) will be inking three major pacts on September 27 with BHEL, Indian Oil Corporation and GAIL India for setting up four surface coal gasification projects in the country. : Sarkaritel.com

RIL expands its value chain to improve capabilities in solar panel manufacturing

New Delhi : The pieces to develop end-to-end solar panel manufacturing capabilities are all coming together in the Reliance Industries announcement to acquire a stake in solar glass coatings provider, Caelux. : Economic Times

India to get first car that can run on 100% 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

NTPC workshop empowers students to become achievers

New Delhi : Various academic sessions and extracurricular activities such as dance, drama, sports, yoga and self-defense sessions were conducted in the programme with the objective for holistic development of the girl students. Based on their performance, four girls were then chosen whose entire academics is now being sponsored by NTPC. : Hindustan Times

Punjab minister bats for generating green energy, bio-fuel from municipal solid waste

Chandigarh : Punjab New and Renewable Energy Sources Minister Aman Arora on Sunday emphasized the need to make optimum use of municipal solid waste to generate green energy and bio-fuel. : Economic Times

International Solar Alliance launches corporate advisory group

New Delhi : The International Solar Alliance or ISA — a joint association of 121 countries to promote the economical and eco-friendly solar energy– has launched a corporate advisory group headed by Pranav R Mehta, a domain expert. : 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

NCLAT dismisses Siemens’ plea against encashment of its guarantee in Meenakshi Energy

New Delhi : The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal by Siemens Ltd against the invocation of its bank guarantees by Meenakshi Energy. : Economic Times

Tangedco to buy power from exchanges at over ₹17,000 crore for the next five years

New Delhi : Tangedco will buy power from the exchanges for its short-term needs in the next five years (2022-23 to 2026-27) at a total purchase cost of over ₹17,000 crore, according to the tariff petition approved by the Tamil Nadu Electricity Regulatory Commission (TNERC) recently. : apnlive.com

Amended Electricity Act 2022 sparks debate: States feel powerless

New Delhi : In the last session of Parliament (monsoon session), the Ministry of Power introduced in the Lok Sabha the Electricity (Amendment) Bill, 2022, with the stated objective of transforming the power sector, with special focus on augmenting the power distribution network in the country. : Business Standard

Hydro power: India, Nepal agree to take forward Sapta Kosi high dam project

Kathamandu, Nepal : India and Nepal have agreed to take forward the Sapta Kosi high dam project through further studies, as senior officials of the two sides met here and comprehensively reviewed the bilateral water-sector cooperation, including the implementation of the Mahakali Treaty and cooperation in areas of flooding and inundation. : Economic Times

INNOVATION: Solvent study solves solar cell durability puzzle

Washington : The manufacture of high-efficiency solar cells with layers of 2D and 3D perovskites may be simplified by solvents that allow solution deposition of one layer without destroying the other. : Economic Times

Macron urges ‘massive acceleration’ of France’s renewable energy projects

Paris, France : French President Emmanuel Macron has inaugurated the country’s first offshore wind farm and called for a “massive acceleration” of renewable energy projects. : Economic Times

With comfortable coal stocks, no power crisis this festive season

New Delhi : India is unlikely to see a repeat of the 2021 energy crisis this festive season as coal-fired power stations across the country have comfortable levels of the fuel stock to meet electricity demand of the world’s fastest expanding major economy. : Economic Times

Govt to plug duty loophole in solar equipment imports

New Delhi : The government is looking at ways of plugging a loophole in regulations that may allow many solar power developers to avoid paying duties of up to 40% on cells and modules and instead get away with shelling out only 5%. : Mint

Sardar Sarovar dam’s hydropower output nearly doubles this year

New Delhi : Good rainfall in the catchment area of the Sardar Sarovar dam in Gujarat’s Narmada district has led to the generation of 2,142 million units (MUs) of hydropower so far this year, nearly double as compared to the corresponding period last year. : Business Standard

Suzlon Energy to raise Rs 1,200 crore via rights issue of 2.4 bn shares

New Delhi : Suzlon Energy on Sunday said its board has approved raising Rs 1,200 crore via a rights issue of 240 crore shares. : Business Standard

Amazon Adds 71 New Renewable Project Installations Globally

New Delhi : Amazon Adds 71 New Renewable Project Installations Globally. : saurenergy.com

CM KCR’s special focus on power sector ensures 24-hour power supply to farmers in Telangana

New Delhi : The special focus laid by Chief Minister K Chandrashekhar Rao on the agriculture sector after coming to power in 2014 has triggered a complete metamorphosis in the agriculture sector of the State in the last eight years, enabling farmers to carry out their daily operations in a hassle-free manner without any disruption of power supply. : telanganatoday.com

Sardar Sarovar dam’s hydropower output nearly doubles this year, August proves most productive

New Delhi : Good rainfall in the catchment area of the Sardar Sarovar dam in Gujarat’s Narmada district has led to the generation of 2,142 million units (MUs) of hydropower so far this year, nearly double as compared to the corresponding period last year. : Economic Times

India committed to 500GW of clean electricity by 2030

New Delhi : India is committed to having 500 GW of installed electricity capacity from non-fossil fuel sources by 2030 and reducing projected emissions by 1 billion tonnes from now to 2030, Union Minister Jitendra Singh said on Saturday. : Mint

Electricity Bill will pave the path for privatisation: AIPEF chairman Dubey

New Delhi : The All India Power Engineers Federation (AIPEF), an umbrella body representing nearly 1.5 million public sector power employees, has threatened a massive stir on November 23 in New Delhi. : Business Standard


Oil and Gas

Oil India realises $80 per barrel on average for its crude this quarter

New Delhi : Oil India Ltd. has realised an average price of about $80 per barrel for its crude this quarter after factoring in the windfall tax, its finance chief has said. : Economic Times

BPCL signs pact with Brazil’s Petrobras to diversify crude oil sourcing

New Delhi : State-owned Bharat Petroleum Corporation Ltd (BPCL) on Saturday said it has signed an agreement with Brazilian national oil company Petrobras for sourcing crude oil from the Latin American nation as part of plans to diversify its sourcing needs. : Economic Times

Qatar Energy partners with Total Energies for LNG expansion

DOHA : State-owned oil and gas company Qatar Energy signed on Saturday a deal with Total Energies for the Northfield South Expansion. The partnership deal was signed by Saad Sherida al-Kaabi, Qatar’s Energy Minister and Patrick Pouyanne, Total Energies chief Executive, and took place in Doha, Qatar. : Economic Times

Coal India to ink pacts with Indian Oil, BHEL, GAIL to set up 4 gasification projects

New Delhi : Coal India Ltd (CIL) will be inking three major pacts on September 27 with BHEL, Indian Oil Corporation and GAIL India for setting up four surface coal gasification projects in the country. : Sarkaritel.com

Iran offers ONGC Videsh and its partner 30% stake in Farzad-B gas field

New Delhi : Iran has offered ONGC Videsh Ltd and its partners a 30 per cent interest in development of the Farzad-B gas field in the Persian Gulf that was discovered by the Indian consortium, officials said. : Business Standard

Ukraine conflict aggravates food and energy inflation: Jaishankar

New York : External affairs minister S Jaishankar said on Saturday that the conflict in Ukraine has aggravated food and energy inflation to make it one of the “biggest challenges of our times”. : Economic Times

India to work with G20 members to address serious issues of energy, debt and food security: Jaishankar

United Nations : As India assumes the Presidency of the G20, External Affairs Minister S Jaishankar on Saturday said New Delhi will work with the group’s other members to address serious issues of debt, food and energy security, even as he noted the concerns about stability and security in the Indo-Pacific region. : Economic Times

GAIL, ED Flagged LNG fuelled truck from B- LNG terminal in Nagpur

Nagpur : GAIL’s another step in the promotion of clean fuel – LNG in the transportation sector. Mr. Sunit Verma, Executive Director, GAIL along with B-LNG and Volvo teams flagged off the LNG-fuelled truck from the B-LNG terminal in Nagpur. : psuconnect.in

BPCL signs MoU with Brazilian Oil Company Petrobras to diversify crude oil sourcing

Mumbai : In a landmark development to diversify crude oil sourcing for energy security in India, Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune Global 500 Company, today signed a Memorandum of Understanding (MoU) with M/s Petrobras, the national oil company of Brazil. : psuconnect.in

Sanjay Kashyap, Independent Director, GAIL speaks at India ESG Conclave 2022

New Delhi : Shri Sanjay Kashyap, Independent Director, GAIL was an esteemed guest speaker at the panel discussion of India ESG (Environment, Sustainability & Governance) Conclave 2022 organised by ASSOCHAM held at New Delhi. : psuconnect.in

PM Modi to lay foundation stone of World’s first CNG terminal

New Delhi : Prime Minister of India Shri Narendra Modi will lay the foundation stone of the World’s first CNG terminal to be built in Bhavnagar and Brownfield port. This port will be built at a cost of Rs 4024 crores. : psuconnect.in

ONGC partners with REDFM to support green initiative

New Delhi : ONGC partners with REDFM to support green initiative at ONGC B R Ambedkar stadium. UK governor Lt Gen Gurmit Singh inaugurated the Go Green initiative in presence of ONGC Director Offshore. : psuconnect.in

IndianOil, BPCL signs first ever term contract with Petrobras

New Delhi : Secretary, Ministry of Petroleum and Natural Gas, Government of India Sh Pankaj Jain had productive discussions with CEO Petrobras, Mr. Caio Paes de Andrade on mutually beneficial arrangements for Crude Oil export to India from Brazil & export of petroleum products to Brazil. : psuconnect.in

German Chancellor Scholz in Saudi Arabia on Gulf energy hunt

Riyadh, Saudi Arabia : German Chancellor Olaf Scholz on Saturday visited Saudi Arabia and held talks with its crown prince at the start of a two-day Gulf tour, in the hope of sealing new energy deals. : Economic Times

India to get first car that can run on 100% 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

European industry faces growth pangs amid soaring energy prices

New Delhi : Europe’s industrial giants have fretted for months that gas shortages this winter will cripple production. But even with fuel available, companies are discovering they can’t afford it. : Economic Times

Weakening rupee to make import of crude oil expensive, fuel inflation

New Delhi : The Indian rupee sliding to a historic low of 81.09 to a dollar will make import of crude oil and other commodities expensive further fueling inflation which for the past several months has remained above the Reserve Bank’s upper tolerance level of 6 per cent. : Economic Times

Crude oil prices plunge 4 per cent with recession fears in focus

London : Oil prices dumped on Friday to trade at levels not seen since January as the dollar index hit its strongest level in two decades and on demand fears as rising interest rates risked tipping major economics into recession. : Economic Times

Iran offers Indian firms 30 pc stake in gas field

New Delhi : Iran has offered ONGC Videsh Ltd and its partners a 30 per cent interest in development of the Farzad-B gas field in the Persian Gulf that was discovered by the Indian consortium, officials said. : Economic Times

No decision taken on oil refinery plant location in Maharashtra, says Union Minister Puri

New Delhi : Petroleum Minister Hardeep Singh Puri on Saturday said the Centre has not taken any decision to set up an oil refinery project in any specific area in Maharashtra. : Economic Times

Natural gas price may be hiked to record level at 1 Oct meeting

New Delhi : Prices of natural gas, which is used to generate electricity, make fertilizer and is converted into CNG to run automobiles, is likely to rise to record levels at the rate review scheduled this week, sources said. : Mint

Fuel price cut held hostage by volatile oil, rupee fall and inflation

New Delhi : A cut in domestic fuel prices has been held hostage to the volatility in the global oil market and the sharp fall in the rupee’s value against the Greenback due to interest rate hike by the US central bank. : Economic Times

Natural gas price to rise to record level this week

New Delhi : Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, is likely to rise to record levels at the rate review scheduled this week, sources said. : Economic Times

Europe energy crisis: The looming winter of discontent that awaits India

New Delhi : The dreary, cold months from December to February may prove to be the undoing of many a nation as they grapple with sky-high fuel prices — a result of the Ukraine conflict and the pandemic. Many — Europe, South Korea, Japan, and China — will still pull through on the strength of their wealth or because of strong storage infrastructure. But India will have its back to the wall. : Business Standard

Sarkaritel
By Sarkaritel September 26, 2022 06:52