On the other hand, peak power demand met, which is the highest supply in a day, during the first half of this month remained well above the highest record of 132.20 GW in April 2020. During April this year, peak power demand met or the highest supply in a day touched the highest level of 182.55 GW and recorded a growth of nearly 38 per cent over 132.73 GW recorded in the same month in 2020.
This capacity uprating has been done by 9 per cent to 1,091 MW without any additional capital expenditure, and is a significant boost to the earnings potential of this key asset of JSW Energy Ltd, the company said in a regulatory filing.
Based on the data available from POSOCO for April 1 to April 25, 2021, the electricity demand is higher by 40.4% on a YoY basis, considering the favourable base effect, given the impact of the all-India lockdown on electricity demand in April 2020.
A dedicated COVID-19 helpline number has been issued for both present and retired employees and also for their families, to provide them information on testing centres and probable treatment centres in government and NTPC-empanelled hospitals.
Reliance Industries Ltd., owner of the world’s biggest oil refinery, has been dancing the quadrille with Saudi Aramco for nearly two years. At current prices, 1% of Aramco would be worth about $19 billion — not far off the $15 billion price tag put on 20% of Reliance’s energy division, at the time the Saudi company first took an interest in buying a stake in 2019.
Sources indicated that price revisions may begin early next month after results of state elections are declared. However, whether price of petrol and diesel would move up or down then would depend on actual average global price in the last fortnight of March.
Ambani had in August 2019 announced talks for the sale of a 20 per cent stake in the oil-to-chemicals (O2C) business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to the world's largest oil exporter.
"ONGC is also looking into strategic relationships and close alliances with key international players through (overseas arm) ONGC Videsh," the company said in a statement. "Intention is to invite foreign participation to explore Category-II and Category-III basins which match size and scale of expectations and portfolio of these large players."
The power ministry administered CPSUs are likely to tie up with private hospital chains for mass staff vaccination at centres where infection spread is high, say senior officials.
“Reliance is known for deliver dramatic engineering design and execution in less than estimated timelines. In the face of this unprecedented Covid surge, Ambani has put on hold all aspects of his gigantic global schedule to personally take charge of the efforts,” said an official in the know.
At present, total oxygen production in India is around 7,000 to 7,200 MT per day. Out of this, these two sectors contribute 4,000 to 4,500 MT of oxygen and supply it to several states and individual hospitals.
Across the country as well the petrol and diesel price remained unchanged on Monday but its retail levels varied depending on the level of local levies on respective states.
RIL-BP’s ‘Satellite Cluster’ field has come onstream two months ahead of schedule despite Covid-19 challenges, the two companies said in a joint statement. The field will produce gas from four reservoirs utilizing a total of five wells and is expected to reach gas production of up to 6 million metric standard cubic meters per day (mmscmd).
The action plan calls on ONGC to consider sale of stake in maturing fields such as Panna-Mukta and Ratna and R-Series in western offshore and onshore fields like Gandhar in Gujarat to private firms while divesting/privatising 'non-performing' marginal fields.
India was one of the bright spots for oil demand growth, alongside China, where the pandemic appears to have been controlled. Demand for oil in the world’s third-largest oil market was expected to be above, or close to, pre-pandemic levels this year. Those forecasts now look certain to be revised lower.
Explaining about it, CEA said power plants having less coal stock due to outstanding dues or supply more than the committed quantity or not lifting offered coal or bridge linkage or new linkage are not shown as having critical or supercritical coal stock.
Prices remained unchanged despite high crude oil prices. Brent crude prices are currently above the $66-per-barrel mark.
The company said it had filed a binding offer to supply engineering studies and equipment to build six, third-generation EPR reactors in Jaitapur, western India.
Through the contest, NTPC looks forward to encouraging both its employees and general public at large to contribute their ideas towards the conservation of the environment.
The price of the two auto fuels had fallen by 16 paisa and 14 paisa per litre respectively last week on Thursday after a 15 day break when OMCs kept its prices static.
While demand for the motor fuel has been resilient during the pandemic as people shunned public transport in favour of their own cars and motorcycles to avoid infection, new advisories by state governments discouraging people from leaving their homes unless for emergencies or essential services are set to hurt consumption.
State-run oil and gas companies accelerated project execution in later months, mobilizing contractors, workers, and equipment to project sites after facing a serious slowdown in the initial months of the last fiscal year due to a nationwide lockdown imposed to stem the spread of Covid.
A steep surge in coronavirus cases has led to curbs on movement across India, a move analysts say could impact fuel demand at the world’s third largest oil importer and consumer.
The increase in production augments well with the government plans for raising the share of natural gas in the country's energy basket to 15 per cent by 2030 from the current 6.2 per cent in a bid to cut emissions.
Fuel prices in the country remained unchanged on Thursday as oil marketing companies decided to go on a pause mode and analyse the global developments on oil prices before effecting a revision.
According to senior state government officials, to ensure that there is no need for oxygen transportation, the refinery has started setting up a 1,000-bed hospital near the plant. The state urban development minister Bhupendra Singh has been made in-charge for setting up and making arrangements for this hospital, the officials said.
H-Energy through its wholly owned subsidiary, Western Concessions Private will shortly commence operations of India's first floating storage and regasification unit based LNG terminal project at the Jaigarh Port.
The report from the World Economic Forum (WEF) released on Wednesday and prepared in collaboration with Accenture also draws on insights from ETI.
Adequate power arrangements of more than 2500 MW, against the expected peak demand of 2150 MW, have been made to avoid any shortfall during the impending summer months and resurgence of coronavirus infections, he said.
Petrol and diesel prices have not been raised since February 27, but actually the prices of auto fuels have fallen on four occasions in March and April, bringing petrol prices down by 77 paisa per litre and diesel by 74 paisa per litre in the national capital.
Oil and Natural Gas Corporation (ONGC) had budgeted Rs 32,502 crore of capital spending in the fiscal from April 2020 to March 2021 but ended up spending only Rs 26,441 crore, according to the report of the oil ministry's Petroleum Planning and Analysis Cell (PPAC).
In May 2020, the government announced Rs 90,000 crore liquidity infusion for discoms under which these utilities would get loans at economical rates from Power Finance Corporation (PFC) and REC Ltd.
The price of the two auto fuels had fallen by 16 paise and 14 paise per litre respectively last week on Thursday after a 15-day break when OMCs kept its prices static.
Secretary Mopng Tarun Kapoor in a letter stated, "An internal review of the achievement of the budgeted IEBR for FY 20- 21 revealed that as against the target of Rs 3837 crores, your achievement has been Rs 12,801 crores, which is 330.7% of the target. "
The Coal Ministry has swapped the entire coal linkage of KPCL from Mahanadi Coal Fields to Western Coalfields
Oil and Natural Gas Corporation (ONGC) produced over 2 per cent less oil at 20.2 million tonnes than a year back as a nationwide lockdown that lasted over two months shut some of its fields.
Global oil demand is forecast to rise 6.2% in 2021 but will still stay around 3% below 2019 levels. Natural gas demand is expected to grow by 3.2% in 2021, driven by rising demand in Asia, the Middle East, and Russia. The gas demand would exceed 2019 levels by 1%.
After Maharashtra, Delhi and Rajasthan have imposed limited period lockdowns, which will impact travel and business activity. Other states have implemented curfews at different times of the day and of varying durations.
In the national capital, petrol was sold for Rs 90.40 per litre on Sunday. Similarly, price of the fuel in Mumbai, Chennai and Kolkata also was unchanged at Rs 96.83, Rs 92.43 and Rs 90.62 per litre, respectively.
The peak power demand met, which is the highest supply in a day, during the first half of this month remained well above the highest record of 132.20 GW in the same period in April 2020.
The price of the two auto fuels had fallen by 16 paise and 14 paise per litre respectively on Thursday after a 15 day break when OMCs kept its prices static.
The court said the state government can’t levy duty on the power producer’s inter-state sale of electricity. It also termed as “illegal and unconstitutional” a clause in Tripura’s Electricity Duty Act, 2019 that allows the state government to levy a duty on inter-state sale of electricity.
In a statement, the All India Motor Transport Congress (AIMTC), which claims representing over 95 lakh truckers and entities, said it is an open fact that this small cut in the petrol and diesel prices has a bearing on the election in four states - West Bengal, Tamil Nadu, Kerala and Assam.
Accordingly, pump price of petrol and diesel remained at Thursday's level of Rs 90.40 a litre and Rs 80.73 a litre respectively in Delhi.
CSC e-Governance Services India Managing Director Dinesh Tyagi said the collaboration will amplify the government's ongoing campaign to provide clean and sustainable energy to households and businesses in rural areas.
Speaking at a roundtable on hydrogen economy, Pradhan said the government is "committed to augmenting the hydrogen supply chain infrastructure in the country", including integrating it with flagship programs like SATAT that generates compressed biogas from municipal and agri waste.
"Government must put on hold the privatisation of electricity distribution and stop entrusting the electricity departments of union territories to private enterprises," All India Power Engineers Federation (AIPEF) said in a statement.
The milestone marks the beginning of the commercial rollout of its 5-million smart electricity meters contract, nearly half of which will be installed in Bihar.
The investment amount can be converted into shares with an 80 per cent purchase option when the project is complete this year. The remaining 20 per cent can be purchased within 190 days.
With this, petrol is now being retailed at Rs 90.40 a litre in Delhi, down from previous day's level of Rs 90.56 a litre. Similarly, diesel is now priced at Rs 80.73 a litre in the national capital from earlier level of Rs 80.87 a litre.