Power consumption grows marginally by 0.88% in February

The peak power demand met, which is the highest supply in a day, recorded a growth of 6.7 per cent at 188.15 GW in February 2021 compared to 176.38 GW in February 2020.

from Energy-Industry-Economic Times https://ift.tt/3kvoIHw

Petrol, diesel prices remain unchanged today

Accordingly, oil marketing companies kept the pump price of petrol and diesel unchanged on Monday. With this, petrol continues to be priced at Rs 91.17 a litre and diesel Rs 81.47 a litre in the national capital.

from Energy-Industry-Economic Times https://ift.tt/3dUmfoL

Public gets another shot of price hike: Cong

The price of the domestic use cylinder was last week hiked by Rs 25 on Thursday, the third increase in the month of February itself, taking its price Rs 794 a cylinder in Delhi

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3b4Sgsi

India’s biggest oil retailers are now focusing on rural revival

Bharat Petroleum and Hindustan Petroleum -- two of the three biggest fuel retailers -- both said they planned to raise the proportion of outlets they have in rural areas this year.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/37WXwfF

Uttarakhand tragedy: Rescue teams facing problems, 72 bodies recovered so far

As on date, the search and rescue teams have recovered 72 bodies from the disaster-hit areas of the Chamoli district while 133 people are still reported to be missing.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2O7P3iD

Reliance Industries acquires majority equity stake in skyTran Inc

skyTran is a technology company incorporated under the laws of Delaware, United States of America (USA) in 2011.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3pXekcE

Oil prices climb after progress on huge U.S. stimulus bill

Brent crude futures for May rose $1.07, or 1.7%, to $65.49 per barrel by 0042 GMT. The April contract expired on Friday

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2Phdr1P

Advocate seeks horse riding training permission after fuel price hike

Owing to the increased price of petrol, he wants to buy a horse, he said and urged the SSP to allow him for horse riding training at the police lines.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3uJwPoG

UK says it will sell world's first sovereign green savings bonds

The savings bonds will fund projects in areas such as renewable energy and clean transportation and will go on sale this year, the Treasury said.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3sv6wQW

India’s biggest oil retailers are now focusing on rural revival

Bharat Petroleum and Hindustan Petroleum -- two of the three biggest fuel retailers -- both said they planned to raise the proportion of outlets they have in rural areas this year.

from Energy-Industry-Economic Times https://ift.tt/3q4NwXO

1 cr more free LPG connections in 2 yrs, easier access to cooking gas planned: Oil Secretary

Oil Secretary Tarun Kapoor said plans are in the works to provide LPG connection with bare-minimum identity documents and without insisting on residence proof of the place of availing the cooking gas.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3e6LZOX

CESL pitches for Delhi government's shift to electric vehicles

The Delhi government has mandated all its departments, autonomous bodies, and grantee institutions to shift their existing fleet of hired conventional fuel vehicles to electric variants within six months.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3bO0tAo

Spacewalking astronauts prep station for new solar wings

The six new solar panels - to be delivered in pairs by SpaceX over the coming year or so - should boost the station's electrical capability by as much as 30 per cent.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3uCAiFf

1 cr more free LPG connections in 2 yrs, easier access to cooking gas planned: Oil Secretary

Oil Secretary Tarun Kapoor said plans are in the works to provide LPG connection with bare-minimum identity documents and without insisting on residence proof of the place of availing the cooking gas.

from Energy-Industry-Economic Times https://ift.tt/2Pfl1Kl

Bringing petroleum products under GST will be good move: Chief economic advisor K V Subramanian

Petroleum Minister Dharmendra Pradhan had also urged Union Finance Minister Nirmala Sitharaman to bring petroleum products under the ambit of the GST.

from Energy-Industry-Economic Times https://ift.tt/2ZUmGHs

Fuel prices increased due to dip in supply: Oil minister Pradhan

LPG consumption increases massively in Europe during winter and falls after March-end following which prices are likely to dip, said Pradhan.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3uHkK2Y

Innovator Sonam Wangchuk develops solar heated tent for Army personnel

Wangchuk, who has many environment friendly innovations to his name, said the solar heated military tent, besides saving on use of fossil fuel and its ill effects on environment, increases the safety of the military personnel.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3qadfhT

Petrol, diesel prices unchanged across metros

Oil marketing companies pressed the pause button after raising the pump price of petrol and diesel by 24 paise and 15 paise per litre on Saturday.

from Energy-Industry-Economic Times https://ift.tt/3r3TeKO

Discoms' outstanding dues to power producers rise nearly 24% to Rs 1.36 lakh crore in Dec

The distribution companies (discoms) owed a total of Rs 1,10,660 crore to power generation firms in December 2019, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).

from Energy-Industry-Economic Times https://ift.tt/3aZuMEN

BSES consumers generated over 100 MWp power from rooftop solar systems

​​ BSES discoms BRPL and BYPL have energised over 3,100 rooftop solar net metering connections, including the highest 1,805 residential, 665 educational institutions and 554 commercial establishments, said a BSES spokesperson.

from Energy-Industry-Economic Times https://ift.tt/3pXb1Sz

IOC to invest Rs 32,496 crore to expand Panipat refinery capacity

Panipat refinery currently has a capacity to turn 15 million tonnes per annum of crude oil into value-added fuels such as petrol, diesel, and ATF.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2ZTI9jw

Fuel price hike: Congress takes a jibe at petroleum minister's remark, asks if petrol & LPG are seasonal fruits

from Energy-Industry-Economic Times https://ift.tt/3suSleK

Oil marketing companies hike fuel prices again after 3-day break

Oil marketing companies raised the pump price of petrol and diesel by 24 paise and 15 paise per litre on Saturday.Across the country as well the petrol and diesel prices increased between 20-30 paise per litre depending on the level of local duty at the state level.

from Energy-Industry-Economic Times https://ift.tt/37TmhJx

Gadkari urges MSMEs to avail concessional finance and install rooftop solar

He said rooftop solar offers an excellent value proposition to MSMEs by significantly bringing down cost of electricity consumption

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3dRG7IU

Royal Dutch Shell in Germany seeks to speed up drive to go green

The energy major told an online conference on Friday it had applied for subsidies to carry out the work from the European Union and from German funds earmarked for decarbonisation.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3ktkcsR

Rising fuel cost pushes India Inc to hike prices

Most companies are staring at a combination of higher expenses such as those for key raw materials which, along with rising fuel prices, add to the overall cost burden

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3sButGv

PM Modi to receive CERAWeek global energy and environment leadership award next week

CERAWeek by IHS Markit--the world's preeminent energy conference--will be held virtually March 1-5. 2021 marks the 39th edition of the conference and is the first time that it will be an all-virtual event.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3r1bKDR

Goan-origin Ligia Noronha is asst secy gen, head of UNEP’s New York office

The announcement was made by United Nations secretary general, Antonio Guterres. Noronha will succeed Satya Tripathi.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3ktRtUR

Dharmendra Pradhan bats for IOC's Haldia refinery expansion; writes to fellow Union ministers

Pradhan on Thursday wrote to Union Minister of Chemicals and Fertilizers D V Sadananda Gowda and Shipping and Ports Minister Mansukh Mandaviya seeking their personal intervention to get the land needed for the project.

from Energy-Industry-Economic Times https://ift.tt/3dPuOkI

Indian Oil plans $4.5 bln Panipat refinery expansion by September 2024

IOC said expansion of the refinery would raise production of petrochemicals and value-added specialty products to improve its margins and help "de-risk the conventional fuel business of the company".

from Energy-Industry-Economic Times https://ift.tt/2NG9umZ

Our competition is global, so we too must turn global: Rahul Munjal

Q&A with Rahul Munjal, Managing Director, Hero Future Energies

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3bFlnBv

Our competition's global, so we must be global, says Rahul Munjal, MD, Hero Future Energies

"We too want to have a global mindset. Sri was last with Brazilian company Braskem and his role was to make it global. Given the juncture at which HFE is right now, we want to take our Indian company global. We needed somebody who had already done this before," says Munjal.

from Energy-Industry-Economic Times https://ift.tt/3ko6szM

Sterling and Wilson forms JV with Enel X to enter electric mobility segment in India

SWPL has signed a 50-50 joint venture with Enel X to launch and create world-class electric vehicle charging infrastructure in the Indian sub-continent and provide products and software platforms

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3r2i3XG

Commercial operation at NTPC's Gadarwara project unit to begin from March 1

"We wish to inform that unit-2 of 800 MW of Gadarwara Super Thermal Power Station (2 x 800 MW) is hereby declared on commercial operation with effect from 00:00 hours of 01.03.2021," NTPC said in a BSE filing.

from Energy-Industry-Economic Times https://ift.tt/3pSmgvz

Petroleum prices will come down as winter ends: Dharmendra Pradhan

"Increase in petroleum price in international market has affected consumers too. Prices will come down a little as winter goes away. It is an international matter, price is high due to increase in demand, it happens in winter. It will come down as the season ends," said Union Minister Dharmendra Pradhan.

from Energy-Industry-Economic Times https://ift.tt/3ux9HJL

Fuel prices will come down a little as winter goes away, says Petroleum minister Dharmendra Pradhan

from Energy-Industry-Economic Times https://ift.tt/37POqkP

EDP Brasil to acquire solar energy assets of AES unit

The transaction involves AES Inova, an investment platform for distributed generation that uses smaller technology systems, such as solar panels on land or roofs.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2PgxP3d

Green foot forward: Only e-vehicles for Delhi govt

Delhi government on Thursday decided that all vehicles hired by its departments will switch to electric mode within six months. The step was taken to promote the adoption of electric vehicles by setting an example.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2Nxac65

Fuel price hike on hold for 3rd consecutive day

Accordingly, petrol continues to be sold at Rs 90.93 a litre and diesel at Rs 81.32 a litre in the national capital. Elsewhere in the country as well, fuel prices remained unchanged after oil companies increased the pump price on 13 of the last 18 days.

from Energy-Industry-Economic Times https://ift.tt/3bDLhFT

Govt gets tax-rich from oil sector, consumers bear brunt

The numbers were even lower at Rs 2,14,369 crore in FY19. Only in FY17, excise collections remained firm at Rs 2,42,691 crore when the government raised excise duty taking advantage of low crude prices

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3uxrsso

ICE warns Platts of hasty Brent oil market reform

S&P Global Platts has this week decided to include U.S. crude West Texas Intermediate (WTI) Midland in its dated Brent oil price assessment, the first crude from outside the North Sea to be added to the global benchmark.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3slH00y

Chandigarh: UT plans to extend solar plant installation deadline by 6 to 9 months

The last deadline had ended on March 31, 2020. As lockdown was is in force, the UT had decided not to impose any penalty on residents, and extended the deadline till March 31, 2021

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3uAkJ0Y

Subsidised, non-subsidised LPG price hiked by Rs 25 per cylinder

LPG is available only at one rate, market price, across the country. The government, however, gives a small subsidy to select customers

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2NFpshc

SDG 12: Sustainable Consumption and Production - what does it imply for India

Building SDG 12 goals and actions as an integral part of India’s development plans, riding on private sector collaboration and policy enablers will help us steer the course, to become truly resilient.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3qVZF2J

India and China led the recovery in LNG demand post pandemic: Shell

India increased imports by 11 per cent in 2020 as it took advantage of lower-priced LNG to supplement its domestic gas production

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3kpiJ6N

IOC to set up mega biorefineries in Telangana, Andhra Pradesh

The biorefineries will have a extract 5 lakh litres per day capacity and are slated to come up at an investment of Rs 600 crore each, IOC executive director & state head for Telangana and AP, RSS Rao said

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3aSAetd

Moody's projects 13.7 pc growth in FY22, expects 7 pc contraction this fiscal

The economy was likely to see a ‘double whammy’ on inflationary pressures from the petrol and transport components of inflation as crude oil prices continue to rise, according to Nayar

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/37MpBpU

Off-grid solar industry bracing for impact of import duty hike for lanterns and inverters

Industry executives are calling for a more measured approach that accounts for the current gap in quality local production while ensuring that the rural poor are protected from expected price hikes until that gap is filled.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3sslvLC

Subsidised, non-subsidised LPG price hiked by Rs 25 per cylinder, third increase this month

A 14.2-kg cylinder in Delhi now costs Rs 794 as against Rs 769 at which they were supplied on Wednesday, according to a price notification from state-owned fuel retailers.

from Energy-Industry-Economic Times https://ift.tt/2ZSabvK

Axpo signs deal to supply Danone with green energy from Polish wind farm

Axpo will ensure delivery to Danone, provide for the marketing of any excess volumes and provide balancing power at times of low production via Axpo's access to the Polish spot market

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3bFICv9

India is moving forward towards a green transition says the UK's top boss for the UN climate talks

“I have, as part of the discussions, delivered the same message that I have delivered to every government I have met both virtually and of course now physically in terms of what we are trying to achieve from COP,”Alok Sharma, UK minister and chair of the 2021 round of UN-sponsored climate talks told ET.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3bAu3t3

Watch: CM Mamata opts for e-scooter to mark protest against rising fuel prices

from Energy-Industry-Economic Times https://ift.tt/3qUE62y

Oil prices hit 13-month highs on tighter supplies, Fed assurance on low rates

Brent crude futures for April gained 19 cents, 0.3 per cent, to $67.23 a barrel by 0400 GMT, while U.S. West Texas Intermediate crude for April was at $63.30 a barrel, up 8 cents, 0.1 per cent

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/37M8QLx

Sterlite Power elevates Manish Agarwal as CEO of its infrastructure and solutions business

Agarwal has been associated with the Sterlite Group for 22 years and has held various leadership positions across the organisation. In the elevated role, he will be responsible for both greenfield and brownfield transmission business of the company in India.

from Energy-Industry-Economic Times https://ift.tt/3qX5rks

China vows 5-year plan dedicated to climate, but growth, security concerns weigh

Vice premier Han Zheng said in October that the 2021-2025 plan would be "dedicated to addressing climate change"

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3dJYIXj

Need coordinated action between Centre, states on tax reduction in fuel prices: RBI governor

He, however, said both the centre and the state governments have their revenue pressures and they are required to spend high sums of money to enable the country and the people to come out of the COVID-19 pandemic stress.

from Energy-Industry-Economic Times https://ift.tt/2MrOMXs

India is moving forward towards a green transition says the UK's top boss for the UN climate talks

“I have, as part of the discussions, delivered the same message that I have delivered to every government I have met both virtually and of course now physically in terms of what we are trying to achieve from COP,”Alok Sharma, UK minister and chair of the 2021 round of UN-sponsored climate talks told ET.

from Energy-Industry-Economic Times https://ift.tt/2ZRf5Jw

Economists bat for fuel tax cut to rein in inflation

Inflation has fallen under 6%, the upper tolerance limit. But the RBI's RBI's Monetary Policy Committee(MPC) minutes also flags members' concerns and warning that core inflation needs monitoring, particularly due to rising global commodity and crude prices.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2NGA7Ii

Rs 100 may be the new normal for petrol in high-VAT states

Soon, Rs 100 could be the new normal for a litre of regular petrol in states with high VAT and cess, unless fuel taxes are reduced or the oil-producing countries raise production sharply from April.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3qX160E

POWER PATHWAYS: Lessons India can learn from the recent Texas power blackout

Contingency planning should not be a one-off exercise and a continuous dynamic risk modelling system is the need of the hour to prepare ourselves better for such events.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3aPFjSX

OPINION: A temperate day for ReNew Power

ReNew is being bought by RMG Acquisition Corp II, led by Riverside Management's Jim Carpenter and former Carlyle executive Robert Mancini.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2Mtq4Gc

PM Modi to inaugurate developmental projects in Tamil Nadu, Puducherry

The Prime Minister will also dedicate to the nation the 709 MW Solar Power Project of NLCIL

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2NBQlma

India an achiever in solar power growth among 80 member countries: ISA

Owing to strong potential, robust sustainability targets, high solar irradiation and developing power infrastructure, India has emerged as a leading performer.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/382z38X

ReNew Power announces $8 billion transaction for listing through combination with RMGII

The combined company would be named ReNew Energy Global PLC

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3klrkHE

ReNew Power poised to merge with US SPAC RMG Corp for $4.4 billion

$1.2 bn new money raised from new investors; Goldman Sachs to reman single largest shareholder; ADIA, CPPIB, GIF and Wall St firm to part sell stake

from Energy-Industry-Economic Times https://ift.tt/2ZJdGof

Reliance prices coal gas from Madhya Pradesh at minimum USD 6

Reliance sought bids for 0.82 million standard cubic meters per day of gas from the Sohagpur coal-bed methane (CBM) block, according to a notice inviting offer (NIO).

from Energy-Industry-Economic Times https://ift.tt/3dEk6xi

RIL's oil refining, fuel marketing, oil-to-chemical business to turn into independent unit

RIL's oil refining, fuel marketing, oil-to-chemical business to turn into independent unit

from Energy-Industry-Economic Times https://ift.tt/2MjonuH

Power Min reduces discom penalties to 5 per cent over SBI lending rate

The Electricity (Late Payment Surcharge) Rules 2021 exclude existing power plants and transmission systems whose tariffs have been determined through competitive bidding

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3urOxga

Essar Power to set up 90 MW solar plant in MP for Rs 300 cr

The renewable energy venture comes close on the heels of EGFL investing in hydrogen power in the UK and coal gas in India

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3bFxq1Y

Essar Power to set up 90 MW solar plant in Madhya Pradesh for Rs 300 crore

"The board of Essar Power Ltd, an investee company of Essar Global Fund (EGFL), has approved an investment of Rs 300 crore in a 90 megawatt (MW) PV Solar power plant in Madhya Pradesh, marking the fund's foray into renewable energy," CEO Kush Singh said.

from Energy-Industry-Economic Times https://ift.tt/2ZN0UFi

Power Ministry reduces discom penalties to 5% over SBI lending rate

As per the rules issued on Monday, Late Payment Surcharge shall be payable on outstanding dues at the base rate, which is five percent over the marginal cost of funds based lending rate for one year of the State Bank of India or any other arrangement notified by the Centre.

from Energy-Industry-Economic Times https://ift.tt/2ZKpjeH

BSES discoms install over 3,000 rooftop solar net metering connections

BSES discoms have installed over 3,000 rooftop solar net metering connections with a connected solar load of 106 Mwp (Megawatt peak).

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3kjmBWX

Total sells wind and solar farm stakes to Credit Agricole and Banque des Territoires

TOTAL-M&A/RENEWABLES (URGENT)Total sells wind and solar farm stakes to Credit Agricole and Banque des Territoires

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/37GnpjE

Several nations have joined India's Solar initiative: PM Modi

PM Modi called on the need to provide cheap, affordable and environment-friendly technology to the world, adding that India is one of those countries where the price of solar power is very less

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2NynjDX

Reliance seeks bids for gas from coal bed methane block in Madhya Pradesh

Bidders are expected to quote a price in terms of percentage of the Dated Brent, which would be the average of Platts’s benchmark rates for three months preceding the supply month. Bids cannot be lower than 9.5% of the Dated Brent.

from Energy-Industry-Economic Times https://ift.tt/3qOSucF

Petrol could hit Rs 100 in states with high VAT as 3 Wall Street banks see oil at $70

There could be more bad news for fuel consumers who may not get any respite from flaring fuel prices in the near future. Three Wall Street banks – Goldman Sachs, Morgan Stanley and Bank of America – have forecast oil at $70/barrel in the next few months and even a spike to $75 thereafter.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2NW1RbE

Did Mukesh Ambani just take a leaf out of Elon Musk's playbook?

For now, Ambani's plan appears to be at cross purposes with his company's very basic foundation — fossil fuels, apart from being at odds with a whole range of business alliances that RIL has strived to set up, the most notable among them being the one with Aramco.

from Energy-Industry-Economic Times https://ift.tt/3qOJG6D

Fuel price relief as oil companies spare petrol, diesel from price hike

Accordingly, the price of petrol continued to be at Rs 90.93 a litre and diesel Rs 81.32 a litre in the national capital. Elsewhere in the country as well, fuel prices remained unchanged after oil companies increased its pump prices on 13 of the last 16 days.

from Energy-Industry-Economic Times https://ift.tt/3bDr8zT

Fuel price relief as oilcos spare petrol, diesel from price hike

Accordingly, the price of petrol continued to be at Rs 90.93 a litre and diesel Rs 81.32 a litre in the capital

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3ki1lkm

NTPC inks pact to buy GAIL's 25.51 per cent stake in RGPPL

After the transaction is complete, NTPC would have 86.49 per cent stake in the RGPPL.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2NqS1it

Consumers, employees being ignored in finalising Electricity (Amendment) Bill 2021: AIPEF

AIPEF demanded that the bill be put on the power ministry website and the comments of all stakeholders including electricity consumers, power sector employees, workers as well as engineers must be considered before finalising the draft bill.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3bADAjO

India adds 3.2 GW solar capacity in 2020; lowest in 5 years: Report

The large-scale solar projects accounted for 78 per cent of installations with 2,520 MW, registering a 60 per cent year-on-year (y-o-y) decline.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3pLKCqR

India adds 3.2 GW solar capacity in 2020; lowest in 5 years: Report

The large-scale solar projects accounted for 78 per cent of installations with 2,520 MW, registering a 60 per cent year-on-year (y-o-y) decline.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/37Ho8kx

BSES discoms install 3,000 solar rooftop net metering connections

The company, which runs BSES Rajdhani and BSES Yamuna, said it had been aggressively promoting roof-top solar in its areas in south, west, east and central Delhi.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2MpCBdK

India at UNSC calls on countries to fulfill pre-2020 climate change commitments

Speaking at the United Nations Security Council Open VTC Debate Javadekar said there is no common, widely accepted methodology for assessing the links between climate change, conflict and fragility.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2NwU5oQ

Several nations have joined India's Solar initiative: PM Modi

PM Modi called on the need to provide cheap, affordable and environment-friendly technology to the world, adding that India is one of those countries where the price of solar power is very less.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2ZXJ9U9

Several nations have joined India's Solar initiative: PM Modi

PM Modi called on the need to provide cheap, affordable and environment-friendly technology to the world, adding that India is one of those countries where the price of solar power is very less.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2NyiVVu

Upward spiral of diesel and petrol prices likely to continue

Wider vaccine roll out, falling Covid cases, increased economic activity and artificial supply restrictions by key producers are boosting oil prices that have risen two-thirds since October. Investment bank Goldman Sachs expects prices to rise to $70 by the second quarter of the year.

from Energy-Industry-Economic Times https://ift.tt/2ZLPSjE

RIL's Oil-to-Chemical reorganisation plan will facilitate strategic investors participation: Fitch

The transfer consideration will be in the form of long-term interest-bearing debt of $25 billion to be issued by O2C to RIL

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3dG8nyq

Cutting oil taxes will boost consumption demand, support eco revival: Report

Petrol, which has a tax incidence of 60 per cent of the MRP, has crossed Rs 100 a litre in many parts of the country, while diesel, which has taxes to the tune of 54 per cent of the retail price, has crossed Rs 90.

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Government inks $304 million loan agreement to improve Assam's power transmission network

The projects will include the construction of 10 transmission substations and laying transmission lines while another 15 existing substations will be upgraded and existing transmission lines will be converted to optical power wire.

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Hydrocarbon Vision 2030: Projects worth Rs 1 lakh crore approved, under stages of implementation, says Pradhan

The minister tweeted, “We also strategized on ways to make a quantum jump in domestic oil & gas production, reducing import bills, infrastructure investment and in tapping new technologies in E&P to catalyse growth in the north-east region for creating a sustainable and secure energy future”.

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Hike in fuel prices ‘Temporary’, Says Dharmendra Pradhan

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Consumers, employees being ignored in finalising Electricity (Amendment) Bill 2021: AIPEF

Shailender Dubey Chairman AIPEF has written a letter to Union Power Minister R K Singh saying that the ministry has circulated the Electricity (Amendment) Bill 2021, to a limited group of State and UT (union territories) Power Secretaries for sending their comments in two weeks.

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NGT directs NTPC to pay Rs 58 lakh for damaging environment in Uttarakhand

The amount of compensation which may be recovered by the state pollution control board may be utilised for restoration of the environment," the tribunal said

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India, US energy partnership supports sustainable development: Official

The US and India collaborate on natural gas, renewable energy, nuclear energy, clean coal technologies, smart grids, and unconventional and clean energy sources research

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NGT directs NTPC to pay Rs 58 lakh for damaging environment in Uttarakhand

A bench headed by NGT Chairperson Justice Adarsh Kumar Goel noted that slope of the muck dumped at its Tapovan Vishnugad hydro power project in Chamoli was hazardously double the standards with potential for erosion and dismissed the NTPC Ltd's plea against the state PCB order.

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Fuel prices resurge after two-day break, petrol retails at Rs 90.93 in Delhi

The oil marketing companies raised the pump price of both petrol and diesel by 35 paisa per litre on Tuesday

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Fuel prices resurge after two-day break, petrol retails at Rs 90.93 in Delhi

Across the country as well the petrol and diesel price increased between 32-40 paisa per litre depending on the level of local duty at the state level.

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What's the impact of fuel price hike on the common man even as States, Centre tussle

What's the impact of fuel price hike on the common man even as States, Centre tussle

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Pravas Kumar Singh takes oath as CERC member in presence of Power Minister RK Singh

CERC had been established by the Government of India under the provisions of the Electricity Regulatory Commissions Act, 1998

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RIL announces O2C biz demerger ahead of Aramco deal

RIL said the reorganisation will enable focused pursuit of opportunities across O2C value chain, improve efficiencies through self-sustaining capital structure and dedicated management team attract dedicated pools of investor capital

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Goldman raises Q3 Brent price forecast to $75/bbl on lagging supply view

The Wall Street bank expects Brent prices to reach $70 per barrel in the second quarter from the $60 it predicted previously and to $75 in the third quarter from $65 earlier.

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Gujarat govt clears Rs 6k-crore investments

In a positive beginning to 2021, the Gujarat government has approved five big-ticket investment proposals by four companies, which will invest close to Rs 6,000 crore in diverse sectors. The companies will set up manufacturing facilities in Dholera and Halol.

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Lanka cabinet seeks details about Chinese-contracted energy project

This comes after India registered a protest over the selection of the company to execute the project. The islands concerned are the Delft Island, Analativu and Nainativu, the Daily Mirror reported.

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Future proofing: Australia's gas networks look to go green with hydrogen

Pipeline and network owners have already committed A$180 million to a range of projects involving green hydrogen.

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Indian-American energy expert appointed to key position in agriculture department

Bidisha Bhattacharyya on Monday was appointed as Senior Policy Advisor in the Farm Service Agency (FSA).

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Rising Sun Energy emerges winner in NTPC solar auction

Rising Sun Energy quoted a tariff of Rs 2.25 per unit for projects to be built in Nokh solar park in Rajasthan.

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RIL announces O2C biz demerger ahead of Aramco deal

RIL said the reorganisation will enable focused pursuit of opportunities across O2C value chain, improve efficiencies through self-sustaining capital structure and dedicated management team attract dedicated pools of investor capital

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Rising Sun Energy emerges winner in NTPC auction

According to sources, the winner in the latest solar auction in the country was Rising Sun Energy, a small developer which bagged a 190MW project in an auction conducted by state-run power generator NTPC.

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As prices in India spiral, smuggling of fuel from Nepal rises

The smuggling of petrol and diesel is taking place in areas adjoining the Nepal border with people going to Nepal on bikes and bicycles, and coming back with gallon cans filled with fuel to villages in West Champaran district.

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Centre to support Andhra Pradesh set up EV charging infrastructure

The Centre had recently announced phase-II of FAME to incentivise the deployment of public charging infrastructure and increase uptake of electric vehicles in the country.

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India's January crude processing scales over 1-yr peak

Crude oil throughput in January rose 0.6 per cent year on year to 5.16 million barrels per day (21.81 million tonnes), the highest since November 2019, provisional government data showed on Friday

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India proposes single spot coal auction for all consumers; CIL to export

Presently, Coal India sells 20-25% of its coal through several exclusive auctions to power consumers, non-power consumers and coal importers. The proposal to allow Coal India hold single e-auction would require change in present policy and an approval from the Union Cabinet.

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Share of Canada, US in India's oil imports surges to record high in January

India's imports from Canada and the United States almost doubled from December to 142,000 bpd and 367,000 bpd, respectively. The United States emerged as the fourth-biggest supplier to India after the United Arab Emirates.

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Centre in bind but 4 states offer relief as fuel’s on fire

So far, the Centre has refused to cut excise duty it had cumulatively raised by Rs 13 a litre on petrol and Rs 16 on diesel between March and May 2020 when India’s crude purchase cost fell to $19.9/barrel as the pandemic shut down economies.

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Maharashtra: MahaMetro postpones meeting its solar target

Of the four reaches, two are operational — Reach I (Sitabuldi to Khapri) and Reach III (Sitabuldi to Lokmanya Nagar). Most of the stations on these reaches are operational. Ideally, MahaMetro’s installed solar capacity should have been 7MW.

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Iraq seeks international investors to build 750 MW solar projects

IRAQ-ENERGY/Iraq seeks international investors to build 750 MW solar projects

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Oil minister gives 'two main reasons' behind rising fuel prices

He further stated, "We have continuously been urging the Organisation of the Petroleum Exporting Countries (OPEC) and OPEC plus countries that it should not happen. We hope there will be a change"

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$300 bn investment lined up in Hydrogen projects globally

Globally, 228 large-scale projects have been announced with 85 per cent located in Europe, Asia, and Australia.

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IWPA files interlocutory appeal against Andhra Pradesh discoms

Since it came into power in 2019, the YSR-Congress led government has attempted to renegotiate solar and wind Power Purchase Agreements signed and sealed by the previous state government.

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Oil minister Dharmendra Pradhan decodes the 'two main reasons' behind sky-rocketing fuel prices

He further stated, "We have continuously been urging the Organisation of the Petroleum Exporting Countries (OPEC) and OPEC plus countries that it should not happen. We hope there will be a change."

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$300 bn investment lined up in Hydrogen projects globally

Globally, 228 large-scale projects have been announced with 85 per cent located in Europe, Asia, and Australia.

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FM Sitharaman says Centre, States need to work together to lower fuel prices

Sitharaman remained non-committal on cutting taxes to give relief to consumers.

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Delhi Metro's ambitious goal of solar power generation: An overview

Setting an amitious goal, the Delhi Metro Rail Corporation (DMRC) is planning to meet all its energy requirements from clean solar energy.

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IWPA files interlocutory appeal against Andhra Pradesh discoms

Since it came into power in 2019, the YSR-Congress led government has attempted to renegotiate solar and wind Power Purchase Agreements signed and sealed by the previous state government.

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IWPA files Interlocutory Appeal against Andhra Pradesh discoms

The Indian Wind Power Association (IWPA) has filed an Interlocutory Appeal (IA) in the Andhra Pradesh High Court against the state's distribution companies for not having paid wind developers since March 2020.

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Bengal govt reduces tax by Re 1 per litre on petrol, diesel

"The Centre earns Rs 32.90 per litre in taxes from petrol, while the state gets Rs 18.46 only. In case of diesel, the central government's earning is Rs 31.80 per litre as against Rs 12.77 for the state," Mitra said.

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Petrol prices unchanged after rising over Rs 3 per litre in 12 days

In the past few days, petrol and diesel prices increased with steep hikes, pinching the consumers harder, and drawing criticism for the government from several quarters along with the opposition.

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Sustainability equates with profitability in the long run: Accenture CEO

Companies who have combined sustainability into their business strategy are two-and-a-half times more successful than those who have not now, Accenture CEO Julie Sweet says at a Nasscom event.

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Torrent Power emerges highest bidder for Dadra Nagar Haveli, Daman & Diu discoms

The company outbid firms like Adani Transmission, CESC and ReNew Power who submitted price bids

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UN regional meet to focus on energy transition in Asia Pacific during Covid-19

The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) Committee on Energy will convene its third session from February 24 to 26.

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Steepest hike in fuel price in several months; Petrol, diesel prices shoot up to 40 paise

In the last 12 days (since February 9), the price has gone up by Rs 3.63 per litre for petrol while the diesel rate has risen by Rs 3.84 a litre. The petrol and diesel prices have increased 24 times in 2021.

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Torrent Power emerges highest bidder for majority stake in DNH electricity distribution cos

The company outbid firms like Adani Transmission, CESC and ReNew Power who submitted price bids, the sources said. "The winning bid is three times the reserve price of Rs 151 crore," they said. A formal announcement by Torrent Power and nodal agency PFC Consulting Ltd is expected soon.

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Petrol price near Rs 100: People’s anger boils over in Madhya Pradesh

Students, salaried classes, businessmen, homemakers, industrial workers, farmers, transporters, professionals — everyone is feeling the pinch

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UN regional meet to focus on energy transition in Asia Pacific during Covid-19

The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) Committee on Energy will convene its third session from February 24 to 26.

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FM Nirmala on Fuel price hike: Production of crude oil down globally, Centre and States have to work out a way out

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