India's May electricity use down 10.4% from April

Electricity use in India generally peaks in May, as more people turn to air-conditioning amid sweltering temperatures at the height of the summer season and industrial activity rises.

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Fuel prices continue northward march; petrol, diesel rise again

The pump prices of petrol and diesel increased by 26 paise and 23 paise per litre to Rs 94.49 and Rs 85.38 per litre respectively in Delhi on Tuesday. This is the second consecutive increase in fuel prices in as many days.

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Cerulean Winds plans floating wind turbine project in UK North Sea

Cerulean Winds has done the necessary infrastructure planning for the scheme and targets financial close in the first quarter of next year

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Websol Energy System posts Rs 3.53 cr profit in March quarter

The government announced a production-linked incentive scheme for the manufacture of solar modules and raised the customs duty on the import of solar cells to 40 per cent effective April 1, 2022

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Indian mountaineer scales Mt Everest in carbon neutral effort: Report

Joshi and his team are yet to reach Kathmandu as they encountered storms and some delay due to COVID-19 restrictions during their climb down, the report said

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Sudanese bank launches first green sukuk for renewable energy

The investment fund, launched in partnership with Nahda Company for Sustainable Development and the Arab-African Company, will be split into sukuk worth 500 Sudanese pounds each

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Petrol price rises again after hitting century mark in Mumbai

After a day's pause, fuel prices increased once again on Monday reaching new highs across the country with petrol crossing Rs 100 per litre mark in several cities.

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Harsha Moily's $200 million fund to focus on climate tech companies

The fund will identify promising entrepreneurs and companies from India and Israel working on four verticals - sustainable agriculture, green buildings, energy storage and alternative energy

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

Global economic recovery needs green focus, South Korea summit agrees

Top officials from 38 countries agreed on Monday that efforts to rebuild economies from the COVID-19 pandemic should be guided by green principles and seek to reduce global greenhouse emissions.

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India's eight core industries' April production rises over 56 per cent

Base effect led to India's eight major industries' output sky-rocketing during April 2021.

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Significant EV progress in 2-3 years: Battery makers

He added that electric vehicles were slowly gaining traction in India, and despite the comparatively higher unit costs, overall savings were many times that of vehicles running on fossil fuels, especially for fleet owners

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Guterres urges global partnership for green growth

He made the appeal in a video message at the Partnering for Green Growth and the Global Goals 2030 Summit hosted by South Korea on Sunday, reports Xinhua news agency

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Coal India retains production and offtake momentum in May

Offtake stood at 54.1 million tonnes during the reporting month compared to 39.1 million tonnes in the corresponding period last year, registering a growth of 38.4 per cent

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

Fuel Prices: Petrol prices continue to soar above Rs 100 in Mumbai, Bhopal

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Petrol prices continue to soar above Rs 100 in Mumbai, Bhopal

Petrol and diesel prices witnessed a minor surge in the national capital and stood at Rs 94.23 and Rs 85.15 per litre, respectively.

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

PNGRB chairman interviews this week, Gurmeet Singh favourite

The panel -- which also comprises secretaries to the ministries of oil, and commerce, secretary legal affairs and economic affairs secretary -- will interview at least seven shortlisted candidates.

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Saudi Arabia committed to meet India's crude oil requirement: Saudi envoy

The OPEC Plus comprises the OPEC countries, Russia and several other crude producers

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CM eyes 100% electrification, launches solar power prog for remote villages

The project is pursuant to an agreement signed by the Goa energy development agency (GEDA) with Convergence energy services limited (CESL)

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Goa CM launches solar-based electrification programme for remote villages

The solar PV-based home lighting systems for households was inaugurated only two days after the agreement was signed between Convergence Energy Services Ltd (CESL) and Goa Energy Development Agency (GEDA)

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Australia clears $1.8 bln power line to boost renewable energy

EnergyConnect, being developed by TransGrid and ElectraNet, is one of several interconnectors that Australia's energy market operator has said are needed to prevent blackouts, while keeping a lid on power prices

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PNGRB chairman interviews this week, Gurmeet Singh favourite

The panel -- which also comprises secretaries to the ministries of oil, and commerce, secretary legal affairs and economic affairs secretary -- will interview at least seven shortlisted candidates.

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

Petrol prices unchanged across metros

In Mumbai, petrol remained unchanged above the Rs 100 per litre mark. On Saturday, the city witnessed petrol prices reached the landmark three-digit level at Rs 100.19 a litre.

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Suzlon Energy appoints Himanshu Mody as Chief Financial Officer

Himanshu, who holds MSC in Finance from University of Strathclyde, Scotland, UK, brings to fore over 22 years of experience in the fields of finance and strategy

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Ladakh gets Centre's nod for transmission lines at revised cost of Rs 1,310 crore

Lt Governor R K Mathur said the intra-state transmission works have been sanctioned by the Union Ministry of Power and include 220 KV S/C transmission lines of D/C tower (total 307 km), including Kargil-Padum (Zanskar) (207 km) and Phyang to Diskit (Nubra) (100 km) and two 220/33 KV Grid substation.

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Fuel prices hiked for the 15th day this month; Petrol crosses Rs 100-mark in Mumbai

The increase - 15th this month - took petrol and diesel prices to a fresh all-time high across the country. Petrol now costs Rs 100.19 a litre in Mumbai and diesel comes for Rs 92.17 per litre.

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Waaree Energies launches Waaree Prime App for EPC companies

The company endeavours to stretch its wings through this app to penetrate a larger geographical radius, expanding its community to reach 10,000 EPC companies.

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Lightsource BP in deal to build 1.35 GW of solar projects in Portugal

London-based Lightsource BP said in a statement on Friday the projects in the regions of Moura, Castelo Branco, Mogadouro, Chamusca and Viseu were in an initial development phase.

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Govt sanctions 19,000 solar street lights for Jammu and Kashmir

The project is being implemented by JAKEDA, under the command of its Chief Executive Officer Babila Rakwal, to ensure that the solar street lights are installed expeditiously at public places in consultation with the district administration of J&K, they said.

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India added 2,105 MW grid-connected solar capacity in Q1 2021: Bridge to India

It added that short-term market outlook was murky because of increase in project execution costs and delays arising from second wave of COVID-19

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Punjab cuts power tariff for domestic consumers

Punjab, a Congress-ruled state, will go to polls early next year. "In view of the hardship being faced by the weaker section of society due to the pandemic, the per unit tariff for domestic consumers with load up to 2kW (kilowatt) and consumption slabs of 0-100 units and 101-300 units have been reduced by Re 1 and 50 paise, respectively," it said.

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EV adoption vs EV charging stations: a chicken-egg dynamic

Co-founder of DataTrek Research believes EV adoption will come down to infrastructure, and not the car or truck itself.

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EESL subsidiary to install solar plants for remote Goa villages

Under the agreement, CESL will install and maintain solar PV systems for five years under the Remote Village Electrification (RVE) programme of the Government of Goa.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2QYq2Iq

EESL subsidiary to install solar plants for remote Goa villages

Under the agreement, CESL will install and maintain solar PV systems for five years under the Remote Village Electrification (RVE) programme of the Government of Goa.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3fpTd0t

Recovery in energy demand to continue despite COVID-19 led temporary blip: Ind-Ra

The report highlights the trends in the power sector, with a focus on capacity addition, generation, transmission, merchant power, deficit, regulatory changes and the recent rating actions by Ind-Ra.

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

India added 2,105 MW grid-connected solar capacity in Q1 2021: Bridge to India

It added that short-term market outlook was murky because of increase in project execution costs and delays arising from second wave of COVID-19

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/34noV8i

BPCL plans Rs 12,000 crore capex for FY22, defers new projects

The company invested Rs 11,000 crore on capex in 2020-21. BPCL management also said that it has no plans to sell its stakes in Indraprastha Gas (IGL) or Petronet LNG, both listed entities, even as the state-run oil marketing major goes for privatisation.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3fqACl1

Government considering FDI policy tweak to facilitate BPCL privatisation

At present, only 49 per cent FDI is permitted through automatic route in petroleum refining by the public sector undertakings (PSU), without any disinvestment or dilution of domestic equity in the existing PSUs. With this provision, a foreign player would not be able to buy more than 49 per cent stake in BPCL.

from Energy-Industry-Economic Times https://ift.tt/3i50kxj

The human bottleneck in critical minerals supply chains

The paradox of the green revolution is that public opinion is firmly in favour of decarbonisation but not the mines and smelters needed to get there.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3oVWoA4

Solar power capacity addition in Jan-March fastest since 2019

According to the latest solar update from green market tracker Mercom Research, the capacity addition in the January-March period marked nearly 37% increase from 1,505 MW added in the preceding three-month period

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France's banks are the greenest, JP Morgan makes most from fossil fuels

France’s banks punch above their weight in green financing, while China harbours most of the remaining bankers raking in the profits from coal, finds a global study.

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

Assam govt give OIL Rs 500 crore to increase stake in Numaligarh Refinery

Oil India Limited (OIL) has paid Rs 2,187 crore on behalf of Government of India. State government in March last year paid Rs 500 Crore. On Thursday, the state government paid another Rs 500 Crore.

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SECI invites bid for 1,200 MW ISTS-connected wind power projects

The last date for submission of bids is 6 July, 2021

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Professor C N R Rao receives Eni International Award for research in energy frontiers

Rao has been working on hydrogen energy. Hydrogen storage, photochemical and electrochemical production of hydrogen, solar production of hydrogen, and non-metallic catalysis were the highlights of his work.

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Mangalore Refinery and Petrochemicals employs more than 70% from Karnataka

"MRPL would like to reaffirm our commitment to a fair and transparent process that ensures social justice to all concerned," the company said.

from Energy-Industry-Economic Times https://ift.tt/3yKnxL2

BPCL plan Rs 12,000 crore capex for FY22, defers new projects

The company invested Rs 11,000 crore on capex in 2020-21. BPCL management also said that it has no plans to sell its stakes in Indraprastha Gas (IGL) or Petronet LNG, both listed entities, even as the state-run oil marketing major goes for privatisation.

from Energy-Industry-Economic Times https://ift.tt/3wA16Go

BPCL may resume Iranian oil buying if no sanctions, needs concessions

"We have been taking 2 million tonnes (per year) of Iranian crude oil, on an average, when things were normal. We will go back to that number ... I won't be taking 6 million tonnes of Iranian oil ", said N. Vijayagopal, BPCL's head of finance.

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India's oil industry struggles to predict when demand will recover

This time it's not as bad as April 2020, when demand nearly halved. This time round, more factories have remained open and cargo movements between states haven’t been as badly affected

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3oT5RZb

SECI invites bid for 1,200 MW ISTS-connected wind power projects

The last date for submission of bids is 6 July, 2021

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3hTAk7S

BPCL says no intention to sell stake in Petronet, IGL

BPCL holds 12.5 per cent of the shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL. It is a promoter of both the listed companies and holds board positions.

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Petrol crosses Rs 100/litre in Thane, hits Rs 99.94 in Mumbai

Petrol price was increased by 24 paise per litre and diesel by 29 paise a litre on Thursday, according to a price notification of state-owned fuel retailers

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

Fuel prices surged after a day’s pause, petrol crosses Rs 100 mark in Bhopal

from Energy-Industry-Economic Times https://ift.tt/2QU3I2C

Petrol crosses Rs 100/litre in Thane, hits Rs 99.94 in Mumbai

Petrol price was increased by 24 paise per litre and diesel by 29 paise a litre on Thursday, according to a price notification of state-owned fuel retailers.

from Energy-Industry-Economic Times https://ift.tt/3foFYx6

Police summon officials of barge firm and three other company

The officer mailed the alert on May 14, and this information has been shared with the nautical adviser appointed to probe the matter

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

Global leaders call for concrete plans for clean energy for all by 2030 and net-zero emissions by 2050

The Energy Compacts will be announced between June and the September UN High-level Dialogue on Energy

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3bS9bOT

Dutch court orders Shell to deepen carbon cuts in landmark ruling

At a court room in The Hague, judge Larisa Alwin read out a ruling which ordered Shell to reduce its planet warming carbon emissions by 45% by 2030 from 2019 levels

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/34nPf20

India's oil industry struggles to predict when demand will recover

This time it's not as bad as April 2020, when demand nearly halved. This time round, more factories have remained open and cargo movements between states haven’t been as badly affected. Even so, around 65% of India’s truck fleet is idle due to weak demand and a shortage of drivers, with localised restrictions creating hurdles to truck movement.

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

AIPEF demands scrapping of bidding for discoms in Union Territories

AIPEF spokesperson V K Gupta claimed that the government is exploiting the crisis of the pandemic to put forth its policy of privatization of the power sector, and the draft National Electricity Policy 2021 that conflicts with the Electricity Act 2003 should be withdrawn.

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

Convert 300 mn on-road vehicles to ones running on clean fuels for tangible air quality impact: IAC

The Indian Auto LPG Coalition (IAC), apex body of Auto LPG stakeholders in India, said the government's indifference towards immediately available clean alternative fuels is proving to be a major health bane for the country

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ISA, MNRE, World Bank conduct inception virtual workshop for One Sun One World One Grid

The workshop was attended by more than 160 experts from the world over

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ISA, MNRE, World Bank conduct inception virtual workshop for One Sun One World One Grid

The workshop was attended by more than 160 experts from the world over

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

Germany's RWE teams up with Equinor, Hydro for Norwegian offshore wind bid

RWE, Equinor and Hydro will jointly prepare and apply to Norwegian authorities to develop a large-scale wind farm with turbines fixed to the seabed, although they did not provide details about the size of the project

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3vn6igP

Fuel price rise paused a day after reaching new highs

A day after the hike, oil marketing companies (OMCs) on Wednesday again paused increase in the pump prices of petrol and diesel across the country, looking to wait and watch global oil price movement before making their next move

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

Global leaders call for concrete plans for clean energy for all by 2030 and net-zero emissions by 2050

The Energy Compacts will be announced between June and the September UN High-level Dialogue on Energy

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Power Ministry to to set up a National Mission on use of biomass in coal based power plants

The duration of the proposed National Mission would be a minimum five years

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CIL's coal allocation to power sector under e-auction drops 28 per cent in April

Coal distribution through forward e-auction is aimed at providing access to coal for such consumers who wish to have an assured supply over a long period, say one year, through e-auction mode so as to plan their operation

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ONGC shuts operation for 2 days due to cyclone, BSL assures uninterrupted LMO production

The ONGC has shut its CBM production for the next two days as a precautionary step in the wake of the cyclone

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Fire at HPCL refinery at Visakhapatnam, no injuries

The fire was noticed at around 15:00 hrs in a pipeline outside the primary unit that processes crude oil for conversion into fuel

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California and US agree to allow big offshore wind power farms

The pact that would float hundreds of turbines off the coast of Morro Bay and Humboldt Bay was touted as a breakthrough to eventually power 1.6 million homes

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State oil companies hike fuel prices for 13th time this month

Petrol prices rose by 23 paise on Tuesday to Rs 99.71 per litre in Mumbai and Rs 93.44 in Delhi, a new record. Diesel prices too set a fresh record after rising 25 paise a litre on Tuesday. Diesel now costs Rs 91.57 in Mumbai and Rs 84.32 in Delhi.

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NHPC awards Rs 188 cr contract to Tata Power Solar Systems

The EPC contract includes the installation of the solar power plant on government land acquired by NHPC Ltd for the said purpose through the state agency Odisha Industrial Infrastructure Development Corporation (IDCO)

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IREDA invites bids for setting up solar module manufacturing units under PLI scheme

The last date for application submission is 30 June, 2021 and bids will open on 1 July 2021

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INNOVATION: IIT researchers develop materials for automatic climate control of buildings

They have designed a smart window material that can effectively control the amount of heat and light passing through it in response to an applied voltage.

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No commodities 'super-cycle' but copper demand from green economy bright

A global demand recovery as some economies bounce back from the COVID-19 pandemic, strong liquidity injection from trillions of dollars worth of stimulus, and supply disruptions have fuelled some metals prices including copper and iron ore to record highs.

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Fire at HPCL refinery at Visakhapatnam, no casualties reported

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HPCL shuts 70,000 bpd fire-hit crude unit at Vizag refinery

"The fire has been extinguished. Cooling operations are in progress. There are no casualties and there is no risk to the public," the company said, adding other refinery operations are continuing as normal.

from Energy-Industry-Economic Times https://ift.tt/3vf3WAp

NHPC awards Rs 188 cr contract to Tata Power Solar Systems

The EPC contract includes the installation of the solar power plant on government land acquired by NHPC Ltd for the said purpose through the state agency Odisha Industrial Infrastructure Development Corporation (IDCO)

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3oLSz0m

BPCL may sell some stake in IGL, Petronet to shed promoter status

BPCL holds 12.5 per cent of shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL. It is a promoter of both the listed companies and holds board positions.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2Th8Ajj

Madhya Pradesh: Petrol crosses Rs 100-mark, diesel at record high

from Energy-Industry-Economic Times https://ift.tt/3fNA3AR

Shell wins $2.5 bln Australian power contract with battery storage

Kean said the battery would be built alongside the Darlington Point Solar Farm in the state, one of the largest solar projects connected to the national electricity market

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

Sinopec to launch first green hydrogen project in 2022

Sinopec currently owns an annual hydrogen production capacity of 3.5 million tonnes, mainly grey hydrogen as a byproduct from its refineries, accounting for about 14% of total hydrogen output in China

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

BPCL may sell some stake in IGL, Petronet to shed promoter status

BPCL holds 12.5 per cent of shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL. It is a promoter of both the listed companies and holds board positions.

from Energy-Industry-Economic Times https://ift.tt/3vnq0J2

Petrol hits record Rs 99.71/litre in Mumbai after another fuel price hike

Petrol price was increased by 23 paise per litre and diesel by 25 paise a litre, according to a price notification of state-owned fuel retailers.

from Energy-Industry-Economic Times https://ift.tt/3yEPbJ9

Goldman sees oil hitting $80/bbl despite likely return of Iran supply

Oil prices fell last week after Iran's president, Hassan Rouhani, said the United States was ready to lift sanctions on Tehran's oil, banking and shipping sectors.

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

Spain to invest 1.5 bn euros in 'green hydrogen'

His government expects the outlay will stimulate 8.9 billion euros of mainly private-sector investment to develop the technology by 2030.

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Italy plans 'special areas' for renewables to help cut red tape

Italy's complex approval process has slowed down the rollout of green energy schemes, threatening access to EU recovery funds and the achievement of climate targets

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

We plan to invest Rs 1,000 crore to set up solar manufacturing capacity: Chiranjeev Saluja, MD, Premier Energies

This capex will be used to set up 1,400 MW solar cell, 1,000 MW module line by June 2022, he added

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

Solar power's decade of falling costs is thrown into reverse

For the solar industry, the timing couldn’t be worse. Renewable energy finally has a champion in the White House and ambitious climate goals have been announced across Europe and Asia

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/34bpjGT

OPINION: Clean and green - The next inflection point for renewables

The Supreme Court judgement brings us to a more critical and broader issue, namely the `green’ attributes of renewable energy.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2RG3OLL

Fuel prices rise paused again, rate static on Monday

Accordingly, in the national capital, diesel price remains at Rs 84.07 per litre while petrol at 93.21 per litre.

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

Solar power's decade of falling costs is thrown into reverse

For the solar industry, the timing couldn’t be worse. Renewable energy finally has a champion in the White House and ambitious climate goals have been announced across Europe and Asia

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

Biden's solar ambitions collide with China labor complaints

Chinese officials reject accusations of abuse and say the camps are for job training aimed at economic development and deterring radicalism

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3vf9ACI

Oil prices rise as storm forms in Gulf, doubts emerge on Iran deal

Brent crude oil futures for July rose 32 cents, or 0.5 per cent, to $66.76 a barrel by 0143 GMT, while U.S. West Texas Intermediate for July was at $63.93 a barrel, up 35 cents, or 0.6 per cent

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3fHUe2S

Fuel price: Petrol crosses Rs 100 a litre in six Vidarbha districts

Petrol rates crossed Rs 100 per litre mark in Buldhana, Washim, Yavatmal, Gadchiroli, Gondia, and Amravati.

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UAE asks to host 2023 UN climate change conference

The annual Conference of Parties (COP) is the decision-making body responsible for monitoring and reviewing the implementation of the United Nations Framework Convention on Climate Change.

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UAE asks to host 2023 UN climate change conference

The annual Conference of Parties (COP) is the decision-making body responsible for monitoring and reviewing the implementation of the United Nations Framework Convention on Climate Change.

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Fuel prices hiked again, petrol nears Rs 100 in Mumbai, diesel crosses Rs 84 mark in Delhi

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Reliance-BP 'bubble' delivers two deep water gas fields despite massive COVID-19 challenge

Since 2017, Reliance Industries Ltd along with its JV Partner bp had embarked on concurrent development of three deepwater fields in the Krishna Godavari basin block, KG-D6, to monetise 3 trillion cubic feet of resources with an overall capital investment of Rs 35,000 crore.

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Discoms' outstanding dues to gencos fall 3% to Rs 78,379 cr in March

Outstanding dues of discoms towards electricity producers have been increasing year-on-year as well as month-on-month for years showing perennial stress in the power sector till February this year.

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Diesel crosses Rs 84 mark in Delhi, petrol nears Rs 100 in Mumbai

Rates had already crossed the Rs 100-mark in several cities in Rajasthan, Madhya Pradesh and Maharashtra and with the latest increase, the price in Mumbai too was inching towards that level.

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'Clean Data Room' with sensitive info on BPCL to open for bidders signing additional pact

A virtual data room, mostly containing financial information on BPCL, was opened in the second week of April and qualified bidders signing Confidentiality Undertaking (CU) have been given access, three sources with direct knowledge of the matter said.

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AGEL arm transfers 74 per cent stake of MSEL to Adani Tradecom LLP

Adani Renewable Energy Holding Four Ltd, a wholly-owned subsidiary of Adani Green Energy Ltd (AGEL), has transferred 74 per cent shareholding of Mundra Solar Energy Ltd (MSEL) to ATLLP on May 21, 2021.

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Tauktae result of climate change, expect more cyclones in coming years: Experts

A detailed analysis presented by Climate Trends highlights experts’ views on what made the cyclone such a huge disaster.

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Goa: During blackout, solar power users had their moment in the Sun

During the blackout in his area, all the excess solar power generated during the day went to his battery backup instead of back to the grid.

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OPINION: Smart water management: Six reasons why some projects fail

India has the scope, skills and scale for smart water management but to adopt and successfully execute any of the above strategies, the authorities, the water utilities and the consultants will have to commit to leveraging sustainable and innovative tactics.

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PGCIL board approves investments worth Rs 2,202 crore

The Board of Directors approved investment approval for "Transmission System Strengthening Scheme for evacuation of Power from Solar Energy Zones in Rajasthan (8.1 GW) under Phase-II - Part-B1" at an estimated cost of Rs 1,184.88 crore

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AGEL arm transfers 74 per cent stake of MSEL to Adani Tradecom LLP

Adani Renewable Energy Holding Four Ltd, a wholly-owned subsidiary of Adani Green Energy Ltd (AGEL), has transferred 74 per cent shareholding of Mundra Solar Energy Ltd (MSEL) to ATLLP on May 21, 2021.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3fC4n0X

ONGC tragedy: Barge toll hits 60 as 11 more bodies found, search on for 15 men

The Navy is looking for 15 barge staffers still missing and has also initiated an underwater search to locate the wrecks of P305 and a tug, Varaprada, whose 11 members also remain untraced.

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G7 countries agree to stop international funding for coal-fired power

Coal is considered unabated when it is burned for power or heat without using technology to capture the resulting emissions, a system not yet widely used in power generation.

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RWE and BASF plan $4.9 billion offshore wind power project

As part of the project, which depends on more favourable legislation, RWE plans to build a 2 gigawatt (GW) offshore wind park by 2030 to help to supply BASF's Ludwigshafen chemicals complex, Germany's single biggest electricity consumer.

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SJVN Ltd wins 75 Megawatt solar power project in Uttar Pradesh

SJVN said it has received a letter of intent (LoI) for a 75 MW grid-connected solar power project at Parasan in Jalaun district of Uttar Pradesh through tariff-based competitive bidding by UPNEDA.

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OPINION: Up-to-date emission inventories will guide India on climate goals

The Government should engage with independent platforms, civil society organisations, and research institutions to prepare emission inventories that capture the finer nuances.

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French energy giant Total to change its name

Total has begun to invest more in solar and wind power, but it is under pressure to do more as climate issues rise closer to the top of investors' agendas

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Azerbaijan says it is discussing solar energy production in Karabakh with BP

Azerbaijan plans to develop 'green energy' in Karabakh

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India's gas output rises 23 pc as RIL-BP fields start production

Reliance-BP, which in December last year started putting the second wave of gas discoveries in KG-D6 block to production, last month started output from the Satellite Cluster fields

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3f56VFZ

India's gas output rises 23 per cent as RIL-BP fields start production

India's crude oil production, however, slipped 2 per cent to 2.49 million tonnes as state-owned ONGC and Oil India Ltd (OIL) produced less. Oil refineries processed 35 per cent more crude at 19.88 million tonnes in April when compared to the year-ago period, when economic activity had almost come to a halt because of a stringent nationwide lockdown.

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Strong growth prospect in petchem business: MK Surana, HPCL

"This year was very different as it was marked with the global pandemic demand contraction, safety and health concerns, and on the other side was marked with the crude oil volatility."

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

India's HPCL aims to fully start revamped Mumbai refinery by July

HPCL had fully shut the 150,000 bpd Mumbai refinery in western Maharashtra from April 1 for maintenance and capacity expansion, Surana said at a press conference to announce March quarter earnings

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India's crude imports stall in April as virus stifles demand

Crude oil imports in April were at 18.26 million tonnes, although on a yearly basis they rose about 10.3 per cent, data on the website of the Petroleum Planning and Analysis Cell (PPAC) showed on Thursday

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French energy giant Total to change its name

Total has begun to invest more in solar and wind power, but it is under pressure to do more as climate issues rise closer to the top of investors' agendas

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/34h6IJL

Delhi: Petrol, diesel prices hiked again after 2-days gap

from Energy-Industry-Economic Times https://ift.tt/3v9DyaX

Fuel prices hiked across metros, petrol crosses Rs 93 in Delhi

In Delhi, petrol prices went up by 19 paise from 92.85 per litre on May 19 and reached 93.04 per litre while the diesel prices have gone up by 29 paise from Rs 83.51 per litre to Rs 83.80 per litre

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

Petrol inches towards Rs 100/litre mark in Mumbai after rates hiked again

This is the 11th increase in prices since May 4, when the state-owned oil firms ended an 18-day hiatus in rate revision they observed during assembly elections in states like West Bengal.

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Little time, miscalculations may have ended ONGC vessels in cyclone whirlwind, say sources

A drillship of Oil and Natural Gas Corporation (ONGC) and three barges of private contractor Afcons working on the state-owned firm's oilfield went adrift after their anchors gave away in the storm on Monday night.

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ONGC tragedy: Petroleum minister Pradhan must resign, say MVA partners

Congress spokesperson Sachin Sawant said, “Warnings were sent out... but it appears that ONGC neglected them. Pradhan must quit on moral grounds and criminal proceedings must be initiated against ONGC officials for dereliction of duty.”

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Gautam Adani, with $67 billion net worth, is Asia’s second richest

As of Thursday, Adani’s total net worth was $66.5 billion compared to Zhong Shanshan’s $63.6 billion and Ambani’s $76.5 billion

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3u5RAcx

Canada Pension Plan Investment Board eyes assets in shift to clean energy

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3bDKHJ5

India's top refiner, Indian Oil Corp says will buy Iranian oil if sanctions lifted

The European Union official leading talks to revive Iran's nuclear deal said on Wednesday he was confident an agreement would be reached as the negotiations adjourned, although European diplomats said success was not guaranteed with very difficult issues remaining.

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India's HPCL aims to fully start revamped Mumbai refinery by July

India's Hindustan Petroleum Corp.'s Mumbai refinery will start full-scale operation at a higher capacity of 190,000 barrels per day (bpd) by end-June or in July, its chairman M. K. Surana said on Thursday.

from Energy-Industry-Economic Times https://ift.tt/3v7Y5wF

Over Rs 9,000 crore worth of renewable energy certificates sold in India to date: Report

The study said that as many as 99 per cent of all RECs sold have served to fulfill RPO requirements

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Maire Tecnimont, MYTILINEOS sign accord for study on green hydrogen plant in Italy

The deal involves the execution of an engineering study to evaluate the implementation of a green hydrogen production facility based on electrolysis, they added.

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China to add at least 90 GW wind and solar capacity to the grid in 2021

China's NEA also said it will set targets for the transmission of renewable power rather than the construction of new capacity in a bid to avoid waste and ensure that wind and solar plants can sell all their electricity on the market.

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About 10 GW solar, 3.5 GW wind capacity addition likely in 2022: Report

It added that in FY21, about 3.5 GW of new utility-scale solar capacity was added, which is 39 per cent lesser than the FY20 installations

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2Rq9N7v

Over Rs 9,000 crore worth of renewable energy certificates sold in India to date: Report

The study said that as many as 99 per cent of all RECs sold have served to fulfill RPO requirements

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

IOC says will buy Iranian crude oil if sanctions are lifted

India stopped importing oil from Iran in mid-2019 following sanctions on the Persian Gulf nation by the Trump administration.

from Energy-Industry-Economic Times https://ift.tt/3f5Zwq2

About 7 GW of unsigned PSAs pose risk to renewable energy targets: CRISIL

This capacity is yet to be signed because subsequent auctions saw tariffs plummeting and even falling below Rs 2 in December 2020

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

Little time, miscalculations may have ended ONGC vessels in cyclone whirlwind, say sources

A drillship of Oil and Natural Gas Corporation (ONGC) and three barges of private contractor Afcons working on the state-owned firm's oilfield went adrift after their anchors gave away in the storm on Monday night.

from Energy-Industry-Economic Times https://ift.tt/3u4w1Jo

7 GW of unsigned PSAs pose risk to RE targets: Crisil

Delays in power supply agreements (PSAs) for 7 GW of the bid out renewable energy projects is one of the main reasons that may lead to 35 per cent shortfall in 160 GW renewable energy capacity target set for calendar 2022-end, ratings agency Crisil said on Thursday.

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Total signs deal to supply LNG to ArcelorMittal's plants in Gujarat

Under the deal, Total will supply up to 0.5 million tonnes of liquefied natural gas (LNG) per year until 2026, a company statement said.

from Energy-Industry-Economic Times https://ift.tt/3fvmNk0

Consumers spared of hike; petrol, diesel prices unchanged on Thursday

This is second consecutive day of fuel price pause and follows slight softening in global oil market over demand concerns prime markets in Asia seeing rising cases of coronavirus

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3u2gSrV

About 7 GW of unsigned PSAs pose risk to renewable energy targets: CRISIL

This capacity is yet to be signed because subsequent auctions saw tariffs plummeting and even falling below Rs 2 in December 2020

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

PGCIL organises COVID-19 vaccination camps in NCR region; 2,600 people inoculated

PGCIL has organised vaccination camps in many locations for its employees at its establishments across the country like Kota, Bhiwadi, Misa, Namsai, Rourkela, Ara, Biharsharif, Saharsa, and Muzaffarpur etc. For all the camps the cost on account of vaccination was borne by PGCIL.

from Energy-Industry-Economic Times https://ift.tt/3v6qF1k

Consumers spared of hike; petrol, diesel prices unchanged on Thursday

This is second consecutive day of fuel price pause and follows slight softening in global oil market over demand concerns prime markets in Asia seeing rising cases of coronavirus.

from Energy-Industry-Economic Times https://ift.tt/2Qzk9RP

Sources reveal why ONGC did not ‘remove’ the ships despite cyclone warning

ONGC’s four vessels, including three hired from oilfield service provider Afcons, carried 701 people when they went adrift after their anchors gave away in the storm on Monday night

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3hE4bkw

India's utility-scale solar installations declined 39% Y-O-Y in FY2021: Report

Gujarat, Rajasthan, Tamil Nadu, Uttar Pradesh and Andhra Pradesh were the leading states with most of the large-scale solar installations during this period

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

Now, Mitsui arm challenges Rs 2,400 crore retro tax order from govt

The government is facing a fresh international challenge to the policy of retrospective tax amendments adopted by it

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Sebi imposes Rs 5.25 cr fine on Cairn India in share buyback case

In addition, the regulator levied a fine of Rs 15 lakh each on P Elango, who was the CEO and director of Cairn, Aman Mehta, who was the director on the company's board, and Neerja Sharma, who was director (risk assurance) and company secretary

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Okaya commissions 100 KWp hybrid solar plant in Himachal Pradesh

The plant plant makes the unit self-sufficient for its daily energy requirement and also supports the uninterrupted production process with continuous power supply

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

Energy transition clouds oil-gas outlook despite post-pandemic boost - Woodmac

As the world recovers from the COVID-19 pandemic, oil and gas demand is set to go beyond the record 160 million barrels of oil equivalent per day reached in 2019, it said in a report.

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

India's utility-scale solar installations declined 39% Y-O-Y in FY2021: Report

Gujarat, Rajasthan, Tamil Nadu, Uttar Pradesh and Andhra Pradesh were the leading states with most of the large-scale solar installations during this period

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

Sources reveal why ONGC did not ‘remove’ the ships despite cyclone warning

ONGC’s four vessels, including three hired from oilfield service provider Afcons, carried 701 people when they went adrift after their anchors gave away in the storm on Monday night. These included 37 ONGC staff. Others worked for the service providers.

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

Oil ministry to constitute three-member committee to look into drifted ONGC vessels

The Oil Ministry has set up a three-member committee to enquire into the sequence of events leading to the drifting of ONGC vessels in the cyclone Taukte that cost several lives, as per an official statement.

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India ranks third in Renewable Energy Country Attractiveness Index

The US retains top position on the Index followed by China at second position

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India climbs to 3rd spot on EY index on impressive show by solar PV segment

Also, India's solar sector is expected to grow significantly post the pandemic, with generation from solar PV forecast to exceed coal before 2040, EY said in a statement

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India climbs to 3rd spot on EY index on impressive show by solar PV segment

Also, India's solar sector is expected to grow significantly post the pandemic, with generation from solar PV forecast to exceed coal before 2040, EY said in a statement

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Tremendous response to second tranche of commercial coal mines auction: Govt

Many other prospective bidders are in the process of registration and purchase of tender documents from the auction portal, the Coal Ministry said in a statement

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Siemens Energy says it has no plans for full Siemens Gamesa takeover

Spain's stock market regulator suspended trading in Siemens Gamesa's shares after Expansion newspaper said Siemens AG had hired Morgan Stanley to review options for the Spain-based business.

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188 rescued from capsized ONGC barge, personnel on other adrift vessels safe

People aware of the situation said the choppy sea has made transfer of people from barges to rescue ships a challenging task

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

India's Adani Green Energy to buy SB Energy Holdings in $3.5 billion deal

Adani Green bought out both Masayoshi Son-led SoftBank Group and Bharti Group, who had an 80% and 20% in SB Energy respectively.

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EESL subsidiary CESL to procure 300 electric vehicles from Tata Motors

CESL will work with Tata Motors to deploy these vehicles to government entities looking to switch to electric vehicles.

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

Cairn's Air India lawsuit may not delay selloff plan

On privatisation, the Dipam official acknowledged that there has been some delay in the strategic sales due to the pandemic, which had hurt physical meetings

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

India's Adani Green Energy to buy SB Energy Holdings in $3.5 billion deal

Adani Green bought out both Masayoshi Son-led SoftBank Group and Bharti Group, who had an 80% and 20% in SB Energy respectively.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3ypma3Y

AC Energy to build Philippines' largest wind farm at cost of $239 mln

AC Energy aims to complete the project in the last quarter of 2022 and put the wind farm, which will consist of 32 wind turbines supplied by Siemens Gamesa, into full commercial operation by 2023

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/33TuFqj

Gazprom shrugs off renewables with prediction of rising gas demand

The forecasts runs counter to a global trend for an energy transition from fossil fuels to the use of environment-friendly renewable sources of energy, such as solar and wind power, in order to slow climate change

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

Oil and gas companies most committed to radical reinvention amid Covid: Accenture report

The oil and gas companies most committed to reinventing themselves over the next three years as a result of the Covid-19 pandemic expect to grow their revenues and margins at twice the rate of companies least committed to reinvention.

from Energy-Industry-Economic Times https://ift.tt/3fl2qWw

No new fossil fuel projects for net-zero 2050 goal: IEA

It called for a rapid and vast ramping up of renewable energy investment and capacity, which bring gains in development, wealth and human health.

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Solar power companies seek UP CM intervention for LOI award

As per bid documents, the letters of intent (LOI) was expected to be issued within 94 days of the e-reverse result but the companies have been thrice asked to extend the validity of bank guarantee.

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Oil hits $70, two-month high, as Europe, U.S. reopen economies

Brent crude was up 55 cents, or 0.8 per cent, at $70.01 by 0907 GMT, trading above $70 for the first time since March 15. U.S. West Texas Intermediate (WTI) crude was up 37 cents, or 0.6 per cent, at $66.64

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3hy0Ljl

IEA calls for unprecedented transformation of how energy is produced

Climate pledges by governments to date - even if fully achieved - will fall well short of what is required to bring global energy-related carbon dioxide (CO2) emissions to net zero by 2050.

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

Cyclone Tauktae: Coast Guard helps mooring 2 oil tanker ships that went adrift off Mumbai coast

In a tweet, the ICG said: "Risk of major oil spill averted. MTDeshbhakt and OSV Greatship Aditi engaged in SPM (single point mooring) operation at Mumbai got adrift due bad weather." "MRCC (Maritime Rescue Coordination Centre) Mumbai coordinated with both ships. Propulsion restored and total 45 crew onboard both vessels are safe," it added.

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India grapples with LNG oversupply as deadly virus dashes demand

At least three companies, including Indian Oil Corp., have asked to delay shipments slated for May and June delivery, according to traders.

from Energy-Industry-Economic Times https://ift.tt/3tX3e9F

India's electricity use falls in May due to COVID-19 lockdowns

Industries and offices account for half the country's annual electricity consumption. Power generation in India generally starts rising from April and peaks in May due to a higher air-conditioning load

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3ymkQ1O

EU reassessing role of natural gas in green finance rules, Commission says

A decision on gas is due this year, before the climate change-related section of the taxonomy takes effect in 2022

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3fqq7wS

Extensive power infrastructure built for two 500-bed ICU facilities in Delhi

The two facilities were built on empty grounds near GTB and Lok Nayak hospitals within a fortnight.

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

Petrol, diesel prices increase after a day's pause

Accordingly, the price of petrol increased by 27 paise per litre to Rs 92.85 a litre in Delhi while diesel price increased a tad higher by 29 paise to Rs 83.51 a litre on Tuesday.

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