Fuel prices cut by 15 paise per litre after a week's break

Fuel consumers have finally been given some relief from high prices of petroleum products with oil marketing companies on Wednesday reducing the pump price of petrol and diesel after keeping it static for the past seven days.

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LPG cylinder prices hiked second time in 15 days

The price of LPG was recently hiked by oil companies. A 14.2 kg cylinder of domestic non-subsidized cooking gas is now at 884.5 rupees in the national capital and in Mumbai.

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India's August power output rises 16.1%, coal-fired power by 23.7%

Power generation compared with July rose 2.9% while coal-fired electricity generation rose 4.4% month-on-month, an analysis of daily load despatch data by federal grid regulator POSOCO showed.

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Sterling and Wilson Solar to enter other business segments

As per the amended MoA, the company will also enter into integrated solid waste/ biomass management including Waste to Energy using municipal solid waste as fuel for power generation, using biomass as fuel for power generation.

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MSEDCL must give 40% subsidy on solar rooftop panels: Consumers

Last week, BEST, Adani Electricity and Tata Power announced this scheme for their consumers in Mumbai.

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Railways shifting to solar power could cut emissions: Study

The new analysis highlights that around a quarter of this new solar capacity — up to 5,272 megawatt — could be fed directly into the railway’s overhead lines instead of being procured over the electricity networks, reducing energy losses and saving money for the rail operator

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REC seeks shareholders nod to raise up to Rs 85,000 cr via bonds, debentures

Further, it said the amount planned to be raised shall be within the overall revised borrowing limit, being proposed for approval by the shareholders

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3gQ4ac3

Sterling and Wilson Solar to enter other business segments

As per the amended MoA, the company will also enter into integrated solid waste/ biomass management including Waste to Energy using municipal solid waste as fuel for power generation, using biomass as fuel for power generation.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3yzU4SL

Railways shifting to solar power could cut emissions: Study

The new analysis highlights that around a quarter of this new solar capacity — up to 5,272 megawatt — could be fed directly into the railway’s overhead lines instead of being procured over the electricity networks, reducing energy losses and saving money for the rail operator

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

India to make it mandatory for auto makers to offer biofuel vehicles in 6 months: Gadkari

The minister said consumers will have a choice between petrol and bioethanol and a switch to the alternative is also essential for the country because of the surplus production of crops like rice, maize, corn and sugar, from which bioethanol is made

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India adds 4,578 MW of solar capacity in second quarter of 2021: Report

Solar installations were up 1,114 per cent year-over-year compared to 205 MW added in Q2 2020

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REC seeks shareholders nod to raise up to Rs 85,000 cr via bonds, debentures

The funds would be raised on private placement basis in one or more tranches, according to the notice for 52nd Annual General Meeting (AGM) to be held on September 24, 2021.

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Biden administration aims to cut costs for solar, wind projects on public land

Washington's decision to review the federal land policy for renewable power projects is part of a broader effort by the government of President Joe Biden to fight global warming by boosting clean energy development and discouraging drilling and coal mining

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/38pDfPx

India adds 4,578 MW of solar capacity in second quarter of 2021: Report

Solar installations were up 1,114 per cent year-over-year compared to 205 MW added in Q2 2020

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L&T concludes divestment of 99 MW hydro plant with Renew Power

L&T received a consideration of Rs 1,001 crore as divestment proceeds

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NTPC Darlipali Thermal Power Station's Unit 2 to start commercial operation from September 1

"Unit-2 of 800 MW capacity of Darlipali Super Thermal Power Station, Stage-I (2 x 800 MW) is declared on commercial operation w.e.f 00:00 Hrs of 01.09.2021," NTPC said in a regulatory filing.

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Renewable energy sector outlook supported by strong project pipeline: ICRA

Tariff competitiveness offered by the solar and wind power projects in utility auction route continued to remain superior with tariffs remaining below Rs 3 per unit

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Renewable energy sector outlook supported by strong project pipeline: ICRA

Tariff competitiveness offered by the solar and wind power projects in utility auction route continued to remain superior with tariffs remaining below Rs 3 per unit

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Solar boom, pandemic curbs drive Australia's carbon emissions down 5%

Australia's emissions fell to 494.2 million tonnes of carbon dioxide equivalent (CO2-e) as of March 2021 from 521.9 million tonnes CO2-e a year earlier, the Department of Industry said in a quarterly report.

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Oil and Natural Gas Corporation eyes offshore wind energy projects

Last year, ONGC signed an MoU with India's largest electricity generator NTPC to explore setting up offshore wind projects along with the 7,600-km coastline

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Tata, Adani's Mundra plants allowed to sell power on exchanges for a month

The projects will be allowed to sell on the exchanges for a month but the dispensation can be extended by another month if the coal stock position at power plants doesn’t ease, a government official said.

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Leaded petrol runs out of gas, century after first warnings: UN

Nearly a century after doctors first issued warnings about the toxic effects of leaded petrol, Algeria -- the last country to use the fuel -- exhausted its supplies last month, UNEP said, calling the news a landmark win in the fight for cleaner air.

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Minister Dharmendra Pradhan lays foundation stone of common user petroleum facility in Odisha

This is the first common user petroleum facility of the country and the aim of this facility is to reduce the transportation cost of petroleum products from Paradip Port.

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Tata, Adani's Mundra plants allowed to sell power on exchanges for a month

The projects will be allowed to sell on the exchanges for a month but the dispensation can be extended by another month if the coal stock position at power plants doesn’t ease, a government official said.

from Energy-Industry-Economic Times https://ift.tt/38opyQZ

NTPC gears up to meet rising power demand; generation up 23 pc

The country is witnessing a sharp increase in power demand and NTPC is making all efforts for meeting demand as per the grid requirement, it statement said. NTPC has geared up to meet the increasing demand and the generation from NTPC group stations has registered a 23 per cent growth compared to the previous year, it stated.

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Regulation of coal supply to power plants to free up 1.77 lakh tonnes: Power ministry

The second unit of NTPC Daralipali will achieve commercial operation from 0000 hrs of September 1, and thus additional 800 megawatt (MW) generation would be added in the total fleet.

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Amid rising power demand, coal stock at 57 power plants ‘critical’

Central Electricity Authority documents show five plants with ‘zero’ coal stock and running on daily supplies.

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Showstopper Ladakh solar power project hits land hurdle

But a year after prime minister Narendra Modi announced it during his Independence Day speech in 2020, the plan continues to stumble over land issues.

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Petroleum minister mentions Vizag as state’s capital, triggers row

Petroleum and natural gas minister Hardeep Singh Puri provided details of taxes levied by different states on petrol and diesel while replying to a question

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Tata, Adani Mundra power plants may get to sell electricity on power exchanges

Projects on India’s western coast, including these two 4,000 MW plants run by Tata Power and Adani Power, use imported coal, but are not operating now in the absence of compensation for high fuel cost, the official said.

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IGL hikes CNG price by 90 per cent in city; PNG rates up too

The company said prices have been raised to cover the increase in input costs. The company has been forced to service CNG and PNG consumers with imported gas, which costs eight times more than domestic gas, because of rising demand.

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Kerala to get India’s first solar fishing boats

CEO of NavAlt, Sandith Thandasherry said there are over 2.5 lakh small fishing boats in India and 1.13 tonnes of CO2 are released/tonne of live weight of marine fish netted.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/38lyRB5

Showstopper Ladakh solar power project hits land hurdle

But a year after prime minister Narendra Modi announced it during his Independence Day speech in 2020, the plan continues to stumble over land issues.

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

Tata, Adani Mundra power plants may get to sell electricity on power exchanges

Projects on India’s western coast, including these two 4,000 MW plants run by Tata Power and Adani Power, use imported coal, but are not operating now in the absence of compensation for high fuel cost, the official said.

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

Regulation of coal supply to power plants to free up 1.77 lakh tonnes: Power ministry

The second unit of NTPC Daralipali will achieve commercial operation from 0000 hrs of September 1, and thus additional 800 megawatt (MW) generation would be added in the total fleet.

from Energy-Industry-Economic Times https://ift.tt/3zEk4xm

PM Modi's focus on hydrogen, electric vehicles and energy-efficient factories might actually work

Early-2000s confidence that India would be the next China, the new factory of the world, has crumbled over two decades of disappointment.

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India plans to emerge as a global leader in green hydrogen: Power Minister R K Singh

India plans to invite bids for green hydrogen in the next 3-4 months to encourage viable usage of hydrogen as a fuel, according to a power ministry statement.

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Coal stock at 57 plants critical, as power demand surges

Amid rising electricity demand, coal stock in 57 power plants, representing 21% of the country’s power supply, have become ‘critical’ or ‘super critical’. The CEA shows that five plants have no stock, and are functioning on daily supplies. Six plants have a day’s buffer stock, 15 plants have inventories for three days, 13 plants for four days, four plants for five days, three stations for six days and two units have stocks to last a week.

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BPCL to supply medical grade oxygen to Municipal Corporation of Greater Mumbai

The firm will donate one oxygen compressor with motor and control system and will build a 1.5-km pipeline for transportation of oxygen from VPSA unit inside its Mumbai refinery to MCGM boundary limit.

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Mangala oilfield enters 13th year of production

"Discovered in 2004, the field was the largest global discovery of the year and India's largest onshore discovery in 25 years. Since first oil on August 29, 2009, Mangala field has produced more than 473 mmstb as of July 2021," Vedanta said in a statement.

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India plans to emerge as a global leader in green hydrogen: Power Minister R K Singh

India plans to invite bids for green hydrogen in the next 3-4 months to encourage viable usage of hydrogen as a fuel, according to a power ministry statement.

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Solar power plant commissioned at EW Metro’s Salt Lake depot

Metro Railway general manager Manoj Joshi inaugurated the plant, which has been installed on the rooftops of two major buildings of the depot

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Renewable can stand on its own but the nature of power is intermittent: Debasish Mishra, Deloitte India

It is a massive amount of change that is happening and all these segments whether it is energy or mobility, they are very much interconnected and their changes are also dependent on each other.

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India, Australia investing heavily to achieve energy targets

The diplomat said that the government of Australia is committed to technology driven energy transition just like India and regular dialogues are held between the two countries for energy storage systems, energy efficiencies and renewable energy.

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Indian Oil to invest Rs 1 lakh crore to expand refining capacity: Chairman

Addressing the company's annual meeting of shareholders, IOC Chairman Shrikant Madhav Vaidya said petrol demand is already back at pre-COVID levels and diesel - the most used fuel in the country - should return to normal levels by Diwali.

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Gautam Solar plans to come out with IPO in three to four years

The company also has plans to invest about Rs 200 crore to Rs 300 crore in the next five years

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Development of an Eastern Grid will work as a catalyst to boost regional integration and trade

Sonowal while addressing the Stakeholder Conclave on Waterways as Engine for growth at Guwahati. Sonowal said that Union government is giving topmost priority to Northeast zone. He asserted that since 2014 the Prime Minister of India is working for the growth of the country with a special focus to Northeast region.

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MEIL to deliver $860 million worth 47 oil & gas rigs to ONGC by 2022 end

Out of 47 Rigs, there are 20 Workover Rigs-(used to perform workover operations in a well) and 27 Land Drilling Rigs, he said

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IOC to invest Rs 1 lakh cr to expand refining capacity: Chairman

To cater to that demand surge, IOC is aggressively rolling out new projects. "These translate into refining capacity expansion of over 25 million metric tonne per annum, including (subsidiary) CPCL, and an investment commitment of close to Rs 1 lakh crore over the next 4 to 5 years," IOC Chairman Shrikant Madhav Vaidya said.

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Indian Oil expands JV with Malaysia's Petronas to focus on LNG plants

IOC, the country's top fuel retailer, imports some liquefied petroleum gas (LPG) through IndianOil Petronas Pvt Ltd, its equal joint venture with the Malaysian firm. The state-run firm is keen to tie up with global firms, as it attempts to strengthen its grip in new cleaner energy areas such as hydrogen.

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India urges its automakers to cut reliance on imports from China

India is trying to diversify its supply chains away from neighboring China following deadly clashes between the world’s two most-populated nations along the disputed Himalayan border last year

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Maha: Nearly 9 lakh consumers owe Rs 391 crore in arrears to MSEDCL in Kalyan zone

The MSEDCL warned that if the bills are not paid, then connections for street lights and water supply schemes would be snapped and added that gram panchayats would be responsible for the inconvenience.

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

Global oil majors may be joining race to acquire BPCL: Document

Billionaire Anil Agarwal's Vedanta group as well as two US funds -- Apollo Global and I Squared Capital - had last year submitted initial bids to buyout the government's entire 52.98 per cent stake in India's third-biggest oil refiner.

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

Nayara Energy ties up Rs 4,000 crore for foray into petrochemical biz

In 2019, Nayara Energy had first announced its plans to expand into petrochemicals at the Vibrant Gujarat Summit.

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ESG bonds likely to top USD 10 billion this year: JP Morgan

Globally, the environmental, social and governance (ESG) has become a key board-room topic since 2013-14 and soon investors have also been asking on the ESG principles of their investee companies.

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Promoters of Sterling and Wilson Solar pledge more shares

Sterling informed stock exchanges that Daruvala pledged company shares as collateral for “supporting cash flow requirements of the promoter group”.

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Bengal keen on judicious solar, thermal power mix: Official

Additional chief secretary, power, S Suresh Kumar said: “Bengal is blessed with natural resources like a number of coal mines. We don’t need to carry coal more than 20-30 km for power generation.”

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MEIL hands over second oil rig to ONGC; to supply 21 more by 2022

The delivery is a part of the Rs 6,000 crore order Megha Engineering and Infrastructures Ltd (MEIL) had won from ONGC for the supply of 47 rigs. MIEL is the first private company in India to manufacture oil and gas extraction rigs with indigenous technology, a company statement said.

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Govt allows gas producers to sell up to 500 mmscm through exchanges

The new government rule will induce market flexibility and depth, helping consumers as well as big producers such as Reliance Industries, BP, Cairn, and ONGC, industry executives said.

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Govt allows gas producers to sell up to 500 mmscm through exchanges

The new government rule will induce market flexibility and depth, helping consumers as well as big producers such as Reliance Industries, BP, Cairn, and ONGC, industry executives said.

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

Power Ministry sets up regulatory compliance wing

ET had on April 13 reported the union power ministry will soon have a separate wing to watch over compliance by all regulatory commissions. The monitoring wing will also look at the pendency of cases and delays in judgments in each body. The report mentioned that the wing is proposed to be operational in the next three-four months.

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NRL and Inland Waterways ink MoU for transportation of cargo

According to government, the MoU will pave the way for making rivers navigable throughout the year by IWAI and assist in bringing large cargoes and capital equipment including single piece prefabricated process plants for refinery expansion projects.

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MEIL to deliver $860 million worth 47 oil & gas rigs to ONGC by 2022 end

Out of 47 Rigs, there are 20 Workover Rigs-(used to perform workover operations in a well) and 27 Land Drilling Rigs.

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Puducherry will purchase 100MW solar power, 140MW wind power: Tamilisai

She said the government had already signed a power sale agreement with Solar Energy Corporation of India Limited to purchase 140.64MW wind power

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Australian environmental group sues Santos over clean energy claims

The Australasian Centre for Corporate Responsibility (ACCR) filed a lawsuit in the Federal Court on Thursday, and says it is the first case in the world to challenge the validity of a company's net zero emissions target

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OPINION: A hydrogen economy can have huge dividends for India

Investment in hydrogen can fast track India’s AatmaNirbhar aspirations and climate goals

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We plan to expand our renewable energy mix further: Rahul Sharma, CEO – Aluminium Business, Vedanta

He said the company is also looking to partner with extruders, downstream manufacturers catering to the solar industry

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We plan to expand our renewable energy mix further: Rahul Sharma, CEO – Aluminium Business, Vedanta

He said the company is also looking to partner with extruders, downstream manufacturers catering to the solar industry

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

Nayara Energy ties up Rs 4,000 crore in funding for petrochemical project

The company plans to use the funds to set up a 450,000 tonnes per annum polypropylene plant at its Vadinar refinery in Gujarat, Nayara said in a statement. The company is already in possession of the required land.

from Energy-Industry-Economic Times https://ift.tt/3gzGU1R

Global oil majors may be joining race for BPCL: Document

Billionaire Anil Agarwal's Vedanta group as well as two US funds -- Apollo Global and I Squared Capital - had last year submitted initial bids to buyout the government's entire 52.98 per cent stake in India's third-biggest oil refiner.

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

Nayara Energy achieves financial closure for foray into petrochemical biz

In 2019, Nayara Energy had first announced its plans to expand into petrochemicals at the Vibrant Gujarat Summit. "The company signed a financial agreement with a consortium of banks led by State Bank of India for a project term loan of Rs 4,016 crore," the company said in a statement. For the proposed project, it is already in possession of required land.

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Cairn has to respond to India's arbitration award plea in US court by October 20

Cairn had approached the District of Columbia court in February to confirm the arbitration award it had won against India in a retrospective tax case. In response, India had pleaded before the court in August to stay and to dismiss Cairn’s petition.

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India's new LNG plant starts next yr, to boost import capacity by 12 per cent

New demand for LNG from India is expected to support Asian gas prices which rose to record highs earlier this year, partly aided by the transition from coal or oil to gas in developing countries

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3sOTM9g

Mukesh Ambani is going green but is still getting rich off oil

Even as Ambani, 64, touts the shift to less polluting options, crude’s byproducts will remain one of the biggest drivers of the $80 billion fortune that’s made him the world’s 12th richest man.

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

Gadkari urges vehicle makers to discourage diesel engines, promote alternative technologies

​ Addressing industry body SIAM's annual convention virtually, Gadkari said the government is committed to delivering vehicles with flex engines that give the users an option to run a vehicle on either 100 per cent petrol or 100 per cent bio-ethanol.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3ygC3IL

IOC to use drones to check fuel thefts from pipelines

Use of technology helped throttle 34 attempts to pilfer fuel and arrest 53 persons in the 2020-21 fiscal year, they said adding the latest incident was in Sonipat, Haryana on August 17

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Iraq signs agreement with POWERCHINA to build 2,000 megawatt solar plants

The first stage of the project will have a capacity of 750 megawatts, the Iraqi cabinet added.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/38c8fmj

Mukesh Ambani is going green but is still getting rich off oil

Even as Ambani, 64, touts the shift to less polluting options, crude’s byproducts will remain one of the biggest drivers of the $80 billion fortune that’s made him the world’s 12th richest man.

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

India achieves 28 per cent emission reduction over 2005 levels: R K Singh

This makes India among one of the few countries globally which has kept to its Paris Climate Change commitments

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Global power sector emissions soar in 2021: Study

For India, the story was a little better as almost three-quarters (72 per cent) of increase in demand was met by growth in solar (plus 47 per cent) and wind (plus nine per cent)

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ABB expands capacity at Faridabad facility powered by renewable energy

The expansion will increase plant capacity by more than 20 per cent and strengthen ABB's presence in the region and global markets.

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Solar energy to contribute 300 GW to India’s RE target: Amitesh Sinha, Jt Secy, MNRE

He said that the country has a clear road map on the part of demand visibility

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Petrol, diesel prices remain unchanged despite earlier rate cut

Prices across India remained the same, despite global crude rates falling in the past few days, settling at $70 a barrel. As demand continues to fluctuate, the price of crude could vary greatly, especially as more barrels enter the market.

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PFC signs agreement with NHPC to finance hydro power projects

NHPC is engaged in the development of hydropower in India and has also diversified into solar and wind power. It also provides consultancy services to hydropower and renewable energy projects.

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India committed to work with US on clean energy: Environment minister

During the conversation with Kerry, the minister discussed the Climate Action and Finance Mobilization Dialogue (CAFMD) Track under the India-US Climate, Clean Energy Agenda 2030 Partnership.

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ABB expands capacity at Faridabad facility powered by renewable energy

The expansion will increase plant capacity by more than 20 per cent and strengthen ABB's presence in the region and global markets.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/38dxmoO

Kerala State Electricity Board eases procedures for setting up solar power units

In a bid to ease the procedure for consumers interested in setting up grid connected solar rooftop power generating system, the Kerala State Electricity Board (KSEB) has decided to set up a single point of contact at the corporate office level.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3DdHqw5

California to boost solar and wind capacity to meet renewable energy goals

The CAISO plans to add an additional 1.6 gigawatts (GW) of utility-scale solar capacity and 0.4 GW of onshore wind turbine capacity this year, the EIA said in a release.

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ReNew Power lists on Nasdaq in US via SPAC, mcap hits $4.5 billion

This is the biggest listing of an Indian entity through SPAC, the vehicle through which an Indian company could list in the US. At present, an Indian company cannot directly list on a foreign bourse.

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US-based Ohmium launches India’s first green hydrogen electrolyzer gigafactory

The gigafactory will have an initial manufacturing capacity of about 500 MW per year

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

ReNew Power lists on Nasdaq in US via SPAC, mcap hits $4.5 billion

This is the biggest listing of an Indian entity through SPAC, the vehicle through which an Indian company could list in the US. At present, an Indian company cannot directly list on a foreign bourse.

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

Simple Energy plans to raise $100 million in Series A funding

The startup, which earlier this month launched its flagship electric scooter, Simple One, also said it is in talks with some global investors for this round, which is expected to be completed by later this year.

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July oil imports hit 1-year low on refinery maintenance

Crude imports in July fell 12.5% month-on-month to 3.4 million barrels per day (bpd), but rose 12.8% year-on-year, as refiners shut units for maintenance and cut crude imports anticipating lower fuel demand during the monsoon season.

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People will get some relief in coming months: Hardeep Singh Puri on fuel price rise

"The central government is very sensitive to this issue...I see that in the coming months relief will come," Hardeep Singh Puri told reporters, replying to a query if any relief can be expected in the near future.

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Capacity utilisation at domestic refineries continues to rise in July

The average utilisation at Indian Oil Corp, the nation’s largest refiner, increased to 96% from 91% in July last year, as per the official data. Reliance Industries, the owner of the world’s largest refining complex, operated at 87% in July compared to 74% in the same month last year. Its export-only unit operated at 76% while its other unit ran at 98%.

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Tata Power Renewables commissions 150-MW solar project at Rajasthan

The project is expected to generate more than 350 million units of power annually

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PFC in pact with NHPC to lend funds for hydro projects, acquisitions

“The signing of the MoU will further bolster the long-standing association between PFC and NHPC and will herald a transformational opportunity between the two organisations. The association will also serve to facilitate knowledge and technology transfer, contributing to sustainable development initiatives in the country,” an official statement said.

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India's crude oil production continues to fall, dips 3.2% in July

However, As fuel demand rebounded, oil refineries processed more crude oil in July. At 19.4 million tonnes, crude processing in July was 9.6 per cent higher than the year-ago period.

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

Petrol, diesel prices cut again as global oil rates soften

Accordingly, the pump price of petrol and diesel was cut 15 paise per litre to Rs 101.49 a litre and Rs 88.92 a litre respectively in Delhi

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

US-based Ohmium launches India’s first green hydrogen electrolyzer gigafactory

The gigafactory will have an initial manufacturing capacity of about 500 MW per year

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Tata Power Renewables commissions 150-MW solar project in Rajasthan

The project is expected to generate more than 350 million units of power annually

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Gautam Solar installs solar pumps at 1,000 locations in Haryana

By May 2021, the company had installed 1,000 solar pumps in Haryana

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ReNew Power completes business combination with RMG Acquisition

As a result of this transaction, ReNew has received $610 million in net proceeds

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Petrol & diesel get cheaper. Here's how much you will need to pay

As per the latest revisions, a litre of petrol costs Rs 101.49 in the National Capital, while a litre of diesel will cost consumers Rs 88.92

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IEX green term-ahead market trades 2,744 MU renewable energy in first year

The market discovered Rs 3.75 per unit as the average price with average solar price at Rs 3.48 per unit and average non-solar price at Rs 4.06 per unit.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3zraj5X

Petrol & diesel get cheaper. Here's how much you will need to pay

While petrol prices cropped by 14-15 paise per litre, diesel became cheaper by 15-16 paise for a litre. This was the second reduction in fuel prices this week. On August 22, petrol price dropped 15 to 20 paise per litre across the country after 35 days.

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Ayana Power, Azure Power and NTPC emerge as lowest bidders for SECI's hybrid project

The discovered tariff of Rs 2.34 was lower than what the renewable energy industry was initially anticipating. Most of the bids by ReNew Power, Hero Future Energies, Adani Green, and AMP energy came in at Rs 2.40 or higher.

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IEX green term-ahead market trades 2,744 MU renewable energy in first year

The market discovered Rs 3.75 per unit as the average price with average solar price at Rs 3.48 per unit and average non-solar price at Rs 4.06 per unit.

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

IEX green term-ahead market trades 2,744 MU renewable energy in first year

The market discovered Rs 3.75 per unit as the average price with average solar price at Rs 3.48 per unit and average non-solar price at Rs 4.06 per unit

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3jc0B1y

Ayana Power, Azure Power and NTPC emerge as lowest bidders for SECI's hybrid project

The discovered tariff of Rs 2.34 was lower than what the renewable energy industry was initially anticipating. Most of the bids by ReNew Power, Hero Future Energies, Adani Green, and AMP energy came in at Rs 2.40 or higher.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2Wc62VB

Oil India can't be judge in its own cause, will reconstitute panel: SC on Baghjan oil well tragedy

A bench of Justices DY Chandrachud and M R Shah asked law officers -- K M Nataraj and Aman Lekhi -- to go through the suggestions given by petitioners on the names of experts and it will re-constitute a committee

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Govt expects Rs 39,832 crore from sale of power generation assets by FY25

Finance Minister Nirmala Sitharaman on Monday announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3j9fq4T

Oil India can't be judge in its own cause, will reconstitute panel: SC on Baghjan oil well tragedy

A bench of Justices DY Chandrachud and M R Shah asked law officers -- K M Nataraj and Aman Lekhi -- to go through the suggestions given by petitioners on the names of experts and it will re-constitute a committee.

from Energy-Industry-Economic Times https://ift.tt/3y98LvS

Govt expects Rs 39,832 crore from sale of power generation assets by FY25

Finance Minister Nirmala Sitharaman on Monday announced a Rs 6 lakh crore National Monetisation Pipeline (NMP) that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways.

from Energy-Industry-Economic Times https://ift.tt/3D51H7b

Government eyes over Rs 45,000 crore from monetisation of power transmission assets by FY25

The monetisation potential is available in this category of long-distance transmission assets. This includes a mix of Tariff Based Competitive Bidding (TBCB) and Regulated Tariff Mechanism (RTM) assets.

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RWE renewables boss quits as offshore, onshore wind to be run separately

Anja-Isabel Dotzenrath, who has been chief executive of RWE Renewables since October 2019, will leave RWE at her own request on Monday, the company added, without elaborating on the reasons for her departure.

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ACME signs land deal to set up green hydrogen facility in Oman

Plans investment of $3.5 billion over the next three years

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ACME signs land deal to set up green hydrogen facility in Oman

Plans investment of $3.5 billion over the next three years

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India can lose $35 trillion over next 50 years due to climate change: Deloitte

Whereas it added that leading on climate action will be a $11 trillion opportunity for India

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FM Sitharaman announces Rs 6 lakh crore asset monetisation pipeline

Projects have been identified across sectors, with roads, railways and power being the top segments.

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

India can lose $35 trillion over next 50 years due to climate change: Deloitte

Whereas it added that leading on climate action will be a $11 trillion opportunity for India

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3yb9zQH

Oman signs land deal for green hydrogen project with India's ACME, report says

The deal is part of a plan by Oman's Public Authority for Special Economic Zones and Free Zones to promote investment in clean energy

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Hyundai slips to 6th place in global electric vehicle market in 2021 1st half

The automaker's global EV sales jumped 75.6 percent on-year to 51,300 units in the first six months of the year, but its market share fell to 2.9 percent from 4.5 percent over the period, data showed

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Adani Total Gas acquires gas meter manufacturing co

The firm bought 50 per cent in Smartmeters Technologies Pvt Ltd(SMTPL) for INR 1 crore, according to a company's filing to stock exchanges.

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24x7 power supply to every village in India soon: Minister R K Singh

Union minister for power and new and renewable energy R K Singh on Friday said all villages in the country will get 24x7 electricity supply soon.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3mqc67E

Himachal Pradesh lights up rocky villages with solar power

Remote rocky villages of Himachal Pradesh, where snowfall often damages electricity transmission lines for days and breathing kerosene fumes is the only option, are coming out of darkness with the government installing solar lights for individuals and community places.

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Odisha govt asks green energy development agency to promote solar power

In a virtual review meeting, Odisha chief secretary told officials to prepare a plan for promotional activities and popularise use of solar-based agricultural equipment, water heater, lights and green-powered machines.

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INNOVATION: Solar cells by Hyderabad scientists to make waves

In the backdrop of Indian government’s plan set to launch deep ocean mission in 2022, researchers from BITS, Pilani have found that submerged solar cells could be potentially used in monitoring sensors and for other commercial and defence applications such as submarines and marine investigations.

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

L N Mittal meets Rajasthan CM Gehlot, plans to invest Rs 19,000 cr in solar power

Global steel giant ArcelorMittal’s executive chairman L N Mittal on Sunday called on CM Ashok Gehlot and expressed interest to set up a 4,500 MW solar park and invest Rs 19,000 crore.

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Taliban inherit untapped $1 trillion trove of minerals

Endless wars and poor infrastructure have prevented the country from getting its hands on the metals that could brighten its economic fortunes.

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

L N Mittal meets Rajasthan CM Gehlot, plans to invest Rs 19,000 cr in solar power

Global steel giant ArcelorMittal’s executive chairman L N Mittal on Sunday called on CM Ashok Gehlot and expressed interest to set up a 4,500 MW solar park and invest Rs 19,000 crore.

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

GAIL scouts for acquisition to augment renewable portfolio, to foray into hydrogen

To accomplish a cleaner primary energy mix for India, the government is emphasizing the expansion of the natural gas sector so as to achieve a gas-based economy along with growth in renewables. GAIL as a leading integrated energy major has aligned with this vision, he said.

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ArcelorMittal to invest Rs 1 lakh crore in Gujarat: Steel, renewable energy in focus

According to the release, Mittal is willing to invest another Rs 50,000 crore in solar energy, wind energy and hydrogen gas production in Gujarat.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/386ZmKs

Petrol gets cheaper by 15-20 paise after a 35-day hiatus

In Delhi, petrol price was cut to Rs 101.64 per litre from Rs 101.84 a litre. In Mumbai and Kolkata, the fuel was sold for Rs 107.66 and Rs 101.93 per litre, against the previous levels of Rs 107.83 and Rs 102.08 per litre respectively.

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NTPC commissions 15 MW floating solar project in Andhra Pradesh

"Consequent upon successful commissioning of 15 MW capacity, Simhadri Floating Solar PV Project at Simhadri, Andhra Pradesh is hereby declared on commercial operation w.e.f. 10:00 Hrs. of 21.08.2021," a BSE filing said.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3j6751W

ArcelorMittal to invest Rs 1 lakh crore in Gujarat: Steel, renewable energy in focus

According to the release, Mittal is willing to invest another Rs 50,000 crore in solar energy, wind energy and hydrogen gas production in Gujarat.

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

NTPC commissions 15 MW floating solar project in Andhra Pradesh

"Consequent upon successful commissioning of 15 MW capacity, Simhadri Floating Solar PV Project at Simhadri, Andhra Pradesh is hereby declared on commercial operation w.e.f. 10:00 Hrs. of 21.08.2021," a BSE filing said.

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Notification on use of coal with higher ash content based on technical study: Centre to NGT

The environment ministry in May last year decided that it will no longer regulate the ash content of coal used by thermal power plants. It issued a notification that overturned its January 2014 regulation that made it mandatory for all coal-based power plants located 500 km or more from the pit-head or coal mine to use raw or blended or beneficiated coal with no more than 34 percent ash content.

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Adani Total Gas acquires gas meter manufacturing company

Smartmeters, which had a turnover of Rs 4.83 crore in the year up to March 31, 2021, manufactures gas meters which are used to measure consumption of gas piped into household kitchens.

from Energy-Industry-Economic Times https://ift.tt/3j5sDvn

BPCL's AI enabled chatbot 'URJA' enhances digital experience of customers

The chatbot is "an intelligent virtual assistant with AI/NLP (Natural Language Processing) capabilities and trained on more than 600 use cases," the company said in a statement. The virtual assistant offers services such as LPG booking, price and payment status, and delivery status of booked LPG cylinder and refill history.

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Your fuel should have become cheaper. This is why it didn't

In the last couple of weeks, global crude oil prices have fallen steadily, reaching a level close to $65 a barrel from the high of $77 it had reached early last month. But this has yet to have any impact on petrol and diesel rates in India.

from Energy-Industry-Economic Times https://ift.tt/2WbE4Jr

After three consecutive cuts, petrol and diesel prices remain unchanged on Saturday

Diesel was priced at Rs 89.87 a litre on Tuesday but came down to current level in three successive price cuts of 20 paisa each between Wednesday and Friday.

from Energy-Industry-Economic Times https://ift.tt/3809wMS

Will Afghanistan situation have bearing on global oil prices?

For the uninitiated, it may seem far-fetched that the political brawl in Afghanistan, which neither features as a prominent oil producing country nor a major consumer country, would have a bearing on global crude prices.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3y4ZpRQ

Greta Thunberg drops boycott of COP26 meeting

The 18-year-old said in April that by November richer countries would be vaccinating young healthy people "very often at the expense of people in risk groups in other parts of the world".

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Maha govt offers internship under climate fellowship programme

As per an official release, interns will gain exposure to the functioning of the department, understand its units and assist in international coalitions on climate change.

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National Grid starts planning 1.8 GW offshore wind interconnector with Norway

The European Commission is targeting 60 gigawatts (GW) of offshore wind by 2030 and 300 GW by 2050, prompting a debate about a North Sea grid to connect wind farms across borders.

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Oil heads for 7% weekly slide as the Delta variant spreads

Brent crude fell $1.03, or 1.6%, to $65.42 a barrel by 11:55 a.m. EDT (1555 GMT), near its lowest since May and down about 7% for the week.

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Committee to draft digitalization roadmap for Indian E&P sector: Tarun Kapoor

In the refinery and petrochemical downstream sector, digital technology has brought a lot of advantages in processing mixed crude, optimise refinery margin and efficiency, automated data collection systems, process simulation modeling and scheduling

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3y5fOWj

Coal India's capex growth zooms twofold to Rs 1,840 cr in Q1

CIL has achieved 94 per cent of the progressive target of Rs 1,960 crore, set for April-June quarter of the ongoing fiscal.

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Alpine solar project to help fill Swiss winter energy gaps

When it is completed foreseeably by year-end, the Muttsee site will be the largest alpine solar plant in Switzerland, with nearly 5,000 solar modules producing around 3.3 million kilowatt hours of electricity per year.

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Rajasthan power generator runs out of money to pay for coal

Rajasthan Vidyut Utpadan Nigam Ltd (RVUNL) has run out of cash to pay for coal and keep running the state’s power plants

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/386hAM5

Luminous Power launches app to train electricians for solar installations

"On this renewable energy day also known as Akshay Urja Diwas, Luminous Power Technologies launches an industry-first mobile application that aims to engage, train, and empower electricians and the dealers across India," it said.

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Government plans 17 more islanding schemes for power supply

"As informed by the Central Electricity Authority (CEA), 17 new islanding schemes have been planned for the major cities besides already 26 existing/ under-implementation schemes," the ministry said in a statement.

from Energy-Industry-Economic Times https://ift.tt/2We1AoA

Five engineering students in Goa build solar powered e-cycle

Endless power with little to no damage to the environment is the holy grail for transportation and the five boys wanted to help reduce carbon emissions

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2XI1Hd3

Global oil prices plunge $10 a barrel this month but little change in domestic prices

Crude oil prices plunged below $66 per barrel on Thursday, losing about $5 in a week, as demand concerns increased over rising Covid cases in several countries while the oil supply expanded

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India's surging domestic gas output to dent LNG import, but not for long: Wood Mackenzie

In the weekly blog 'APAC Energy Buzz', the energy consultancy's Asia Pacific vice-chair Gavin Thompson said India's domestic gas production has been in a sorry state for years. "India's modest upstream prospectivity and challenging E&P regime have proven stubborn deterrents to new investment.

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Looking for a multibagger? This PSU oil & gas stock holds promise

The state-run PSU's acquisition of a controlling stake in Numaligarh Refinery (NRL) and the hope of an increase in oil production have resulted in a revision in its earning estimates, say analysts, some of whom see the stock almost doubling.

from Energy-Industry-Economic Times https://ift.tt/3B2Mdih

ONGC invites bids for partnerships from private players for its 43 small producing fields

The state-run firm has grouped 43 oil and gas fields with total in-place reserves of 160 million metric tonnes of oil equivalent (mmtoe) into 11 contract areas for which bids have been invited.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3ggol2u

Trade union demands CIL to enhance superannuation age of employees from 60 to 62 yrs

In a recent letter to CIL Chairman Pramod Agarwal, Hind Khadan Mazdoor Federation President Nathulal Pandey said working norms, rules and regulations of Singareni Collieries Company Ltd (SCCL) are almost the same and similar to the CIL workers.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2WdWn0t

City of London the target as climate campaigners plan two weeks of protest

Extinction Rebellion brought much of central London to a standstill during 11 days of action in 2019, bringing its cause to the fore but also provoking criticism from some politicians who said the police had been too tolerant.

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States worried about GDP and not GEP, hydro power projects not carbon neutral

They also underline the need to even shift from hydropower projects to hydrokinetic power generation as the former are not carbon neutral.

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Jamshedpur: JREDA to light up Golmuri with 1,650 solar LEDs

JREDA will bear the subsidy part while the remaining cost of the installation scheme will be incurred by the MLA, under Local Area Development (LAD) scheme, as per the agreement reached between the two parties.

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One-of-its-kind solar telescope in Hawaii aims to open in 3 months

The Daniel K Inouye Solar Telescope, at the summit of Haleakalā volcano on Maui, was supposed to open last fall. But Thomas Rimmele told Hawaii Public Radio on Wednesday that the Covid-19 travel restrictions set back construction on its critical systems.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3mj7JLA

Tesla partners with Japanese firms to build energy storage facility in Hokkaido

Tesla Inc said on Thursday it will join hands with Japanese companies to build an energy storage facility using its rechargeable battery in Hokkaido in northern Japan to help stabilise the power system in the wake of rising renewable energy use.

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Not possible to limit global warming without India, G20’s contributions: Espinosa

Stating that the current situation is a testimony that efforts to address climate change are not enough, the executive secretary of the United Nations Framework Convention on Climate Change (UNFCC) Patricia Espinosa, in an exclusive interaction with TOI, stresses that time has now come for shared responsibilities and keeping promises.

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INNOVATION: Five engineering students build solar powered electric cycle

The electric cycle is powered by 20 lithium ion batteries which can be charged by two solar panels or a conventional power supply point at home.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3mmA7fB

Israel gets 11 bids for solar-powered electricity plant

The 11 bidding groups included companies from the United States, Norway, Spain and France.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3mfT7wn

Joint efforts of Centre, states to help in successful implementation of RE schemes: R K Singh

The renewable energy minister emphasised on the importance of PM-KUSUM scheme for farmers which provides them day-time reliable source of power for irrigation activities and also increasing their income.

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BHEL sets up solar EV charging station at Karnal

The EV charging station at Karna lake resort is located at the midpoint of Delhi-Chandigarh highway

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

After tepid last year, Indian renewable energy sector gets $6.6 billion in first quarter of this fiscal

Green bonds issued by Indian companies such as ReNew, Azure, and ACME are also attracting huge investments, and are expected to grow in size

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3D3Z6tU

Global oil prices plunge $10 a barrel this month but little change in domestic prices

Crude oil prices plunged below $66 per barrel, losing about $5 in a week, as demand concerns increased over rising Covid cases in several countries while the oil supply expanded.

from Energy-Industry-Economic Times https://ift.tt/2W09p1P

After tepid last year, Indian renewable energy sector gets $6.6 billion in first quarter of this fiscal

Green bonds issued by Indian companies such as ReNew, Azure, and ACME are also attracting huge investments, and are expected to grow in size

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

ONGC invites bids for partnerships from private players for its 43 small producing fields

The state-run firm has grouped 43 oil and gas fields with total in-place reserves of 160 million metric tonnes of oil equivalent (mmtoe) into 11 contract areas for which bids have been invited, ONGC said in a statement. These contract areas, all on land and part of the so-called nomination regime, are spread across Gujarat, Assam, Tamil Nadu and Andhra Pradesh.

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Diesel prices reduce for second day in a row, petrol unchanged

As diesel prices see reduction for the second consecutive day, petrol prices haven't seen any relaxation for 33 days in a row now and remain unchanged.

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Jaisalmer, Pushkar to be developed as solar cities: Energy minister

Kalla said all the energy requirements of these cities will be met from solar sources.

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MSEDCL gets record low renewable energy rate of Rs 2.42 per unit

A low purchase rate will eventually benefit over 2.6 crore residential, commercial and industrial consumers whose electricity bills could drop in the near future.

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Oil prices fall in biggest losing streak since February 2020

Brent crude was down 87 cents, or 1.3 per cent, at $67.36 a barrel by 0447 GMT, after touching the lowest since May 24 at $67.10 earlier in the session

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PM likely to declare Modhera India’s first fully solar-powered village on Sept 5

Prime Minister Narendra Modi is likely to visit Modhera village, famous for its Sun Temple, on September 5 and declare it to be the first fully solar powered village of the country.

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Difficult for CIL to give 50% wage hike to workers, CMD tells union

Coal India had in 2017 signed a wage agreement with worker unions proposing 20 per cent hike in salaries for five years.

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India’s renewable energy developers raise over Rs 26,300 cr in H1 2021: Report

More than Rs 78,200 crore was raised by developers since 2014, it added

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India adds 1.5 GW utility-scale solar capacity in Q2 2021: Report

It said that India is estimated to add 3.1 GW of solar and one gigawatt of wind capacity in Q3 2021

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

Estimates of discoms' losses of Rs 90K cr for FY21 seem to be grossly inflated: Power ministry

These speculations trace their origins to a report published by rating agency ICRA on the power distribution sector in March 2021, the ministry said. While this report indicates profit after tax (PAT) figures of negative Rs 50,000 crore (loss) for 2018-19, which is consistent with the PFC's annual utilities report of FY19. The projections of PAT figures of 2019-20 are shown to increase to the tune of negative Rs 60,000 crore.

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Domestic LPG cylinder gets expensive, price hiked by Rs 25

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