NextEnergy Capital raises record $896 mln for solar infrastructure fund

While larger solar-focused funds may exist with a more restrictive geographic focus, the firm said its latest was the biggest of its kind to be raised with the broader remit.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/HXdapwmD9

SBI, Tata Power tie up for financing of solar power projects

The cell will process all the loan applications for solar projects (capacity up to 1 MW) sourced from across the country, for installation by business entities as well as households.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/kCA2Yyqih

India witnessed fastest rate of RE capacity addition growth in past 7.5 years: Economic Survey

Renewable energy, excluding large hydro, constituted over 24.71 per cent of the country’s installed power capacity and about 10.7 per cent of the electrical energy generation for 2020-21

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/MIBuZ28aL

Amid coal shortage, govt removes SECL chief as output lags

The effect of the shortfall is already showing. Industry sources said SECL stopped supply to non-power consumers after Railway Board executive director (coal) A K Shamsi on January 25 ordered all zonal railways to give higher priority in loading coal for power plants till February 15.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/hkWUpQt2A

Towards greener pastures: How FM can give requisite push to renewable energy sector

The year 2021 was a landmark one for the RE sector. Cumulative 100GW capacity installation milestone was achieved in this year which further adds up to 150GW if one includes hydro power projects into it

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3hGOt2sJE

RIL projects to save $300 million interest costs in FY23

India’s largest company by market capitalisation raised the debt just before interest rates started firming up globally

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/NQYbA3p0I

Mukesh Ambani’s $75 billion plan aims to make India a hydrogen hub

Analysts say Reliance is likely to opt for hydrogen in a bid to avoid India’s wholesale electricity market, which is dominated by financially stressed utilities and plagued by delayed payments.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/nbu1qdTMU

Mukesh Ambani’s $75 billion plan aims to make India a hydrogen hub

Analysts say Reliance is likely to opt for hydrogen in a bid to avoid India’s wholesale electricity market, which is dominated by financially stressed utilities and plagued by delayed payments.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/VhYx61AbX

Green hydrogen cost will not fall below $2 per kg unless RE generation cost is reduced: Anish Mandal, Partner, Deloitte India

He said that the government should be aiming for a minimum of 2 GW to 3 GW of annual capacity addition by 2025-26 through the PLI scheme

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/gZENc29vq

Incentives for green hydrogen likely in Union Budget

Earlier this month, Power and New & Renewable Energy Minister R K Singh had indicated that a green hydrogen policy will be unveiled in February which would feature many incentives to boost green hydrogen in the country

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/lmeJ6IuRC

Budget 2022: Renewable energy sector needs a booster

There are several elements of these policy reforms that will contribute immensely to India’s energy transition story.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/ueqzyX0YS

RIL projects to save $300 million interest costs in FY23

India’s largest company by market capitalisation raised the debt just before interest rates started firming up globally. The estimated benefit on its borrowing cost is more than the annual profits earned by 98% of India’s listed companies.

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

IREDA to provide consultancy to Goa Shipyard for solar rooftop project

With this, GSL will be able to bring down the expenditure on electricity and reduce its carbon footprint as well, IREDA said in a statement.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/1SvhO2eV8

Minister Sonowal reviews initiatives taken for green ports and Shipping

Sonowal chaired a meeting with all major ports, CSL and IWAI to review the progress on various green initiatives being implemented, as per Maritime India Vision 2030, for the development of Green Ports & Green Shipping in India.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/zmL7Ul6Yg

JNPT port prepares action plan to implement green initiatives

Jawaharlal Nehru port is committed to sustainable development, and the Port takes adequate measures to maintain ecological balance.

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

Far from dying, the coal industry is actually booming. Just look at these signs

The benchmark thermal coal price in Asia last week jumped to almost $244 per metric ton, the second-highest ever and only a handful of dollars below a peak in October.

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

Budget needs to maximise on lithium-ion battery manufacturing: Report

India's transition to a future powered by clean, affordable, and reliable renewable energy is underway, yet critical battery storage is still an expensive imported technology.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2gRA05rXn

SJVN gets LoI to supply 200 Megawatt solar power to Bihar

The LoI has been issued after approval of tariff by Bihar Electricity Regulatory Commission (BERC). SJVN will sign a power purchase agreement soon in this regard.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://bit.ly/3GcYCC6

SJVN gets LoI to supply 200 Megawatt solar power to Bihar

The LoI has been issued after approval of tariff by Bihar Electricity Regulatory Commission (BERC). SJVN will sign a power purchase agreement soon in this regard.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://bit.ly/3uakig7

SSV Ramakumar gets extension as Director (R&D) on IndianOil Board

Ramakumar, who joined the IndianOil Board as Director (R&D) on February 1, 2017, has got the extension till July 31, 2023.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://bit.ly/3HrEo9v

Women working in Gujarat's salt pans to be trained as solar panel technicians

The move will see salt pan workers from Rann of Kutch trained as solar panel and solar pump technicians as part of India’s clean energy transition efforts.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://bit.ly/3uhQk9I

Adani Total wins 14 city gas licences, IOC 8

Hyderabad-based Megha Engineering and Infrastructure won 13 GAs, while state-owned IOC was adjudged winner in 8 GAs. As many as 65 GAs were offered for bidding in the 11th city gas distribution (CGD) licensing round. Of this, bids were received for 61 GAs but results for only 52 GAs were announced on Friday.

from Energy-Industry-Economic Times https://bit.ly/3raxTSB

PowerGrid getting contract sans bidding process irks private companies

Electric Power Transmission Association director general Vijay Chibber said the private sector was keen on participating in the Leh project but the government awarded it under the regulated tariff mechanism (RTM) to PGCIL. The private companies feel PGCIL will get an automatic edge when Phase-II of the project is launched.

from Energy-Industry-Economic Times https://economictimes.indiatimes.com/industry/energy/power/powergrid-getting-contract-sans-bidding-process-irks-private-companies/articleshow/89192061.cms

L&T bags 'large' offshore contract from ONGC

This contract, awarded through international competitive bidding, reposes ONGC's confidence in L&T Hydrocarbon Engineering (LTHE) capabilities and commitment to support ONGC in strategic oil and gas sector, and contribute to country's energy security.

from Energy-Industry-Economic Times https://ift.tt/3r9RMcE

Petrol, diesel prices static for 84 days in a row. Is a hike imminent amid surging crude oil prices?

The government had cut excise duty on petrol by Rs 5 per litre and diesel by Rs 10 per litre on the eve of Diwali last year. The reduction in excise brought down the pump prices from record highs. The move from the Centre government saw states chipping in with reduction in state taxes which further brought down the prices.

from Energy-Industry-Economic Times https://ift.tt/3L2KYp9

LNG terminals running on low capacity

Domestic customers' aversion to pricey spot LNG cargoes caused a decline in business at these terminals, according to industry executives who didn't want to be named.

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

Crude oil hits $90, but local prices unchanged

Russia has amassed a large number of troops on the Ukraine border, triggering warnings from the US that an invasion would be met with harsh sanctions. If the situation escalates, it has the potential to upset the energy market as Russia is the largest exporter of natural gas to Europe and leads, along with Saudi Arabia, the group of producers' which dominate the oil market.

from Energy-Industry-Economic Times https://ift.tt/3g5YARW

ReNew Power sells 138 MWp distributed rooftop solar portfolio to Fourth Partner Energy for Rs 672 cr

Fourth Partner Energy is an investee company of TPG and Norfund. After accounting for an outstanding debt of Rs 1.37 billion (USD 18.3 million or Rs 137 crore), the cash proceeds from the sale are Rs 5.35 billion (USD 71.6 million or Rs 535 crore).

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3g2d3OL

ReNew Power sells 138 MWp distributed rooftop solar portfolio to Fourth Partner Energy for Rs 672 cr

Fourth Partner Energy is an investee company of TPG and Norfund. After accounting for an outstanding debt of Rs 1.37 billion (USD 18.3 million or Rs 137 crore), the cash proceeds from the sale are Rs 5.35 billion (USD 71.6 million or Rs 535 crore).

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3IJCi4V

L&T signs MoU with Norway-based HydrogenPro for manufacturing hydrogen electrolysers in India

Green hydrogen demand in India is estimated to grow up to 2 million metric tonnes per annum by 2030

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

Oil companies in Rs 3,000 cr AI push to map retail expansion

When CIDCO began developing New Mumbai townships a few years ago, the prospective pump sites were identified by IOC’s central data centre. Today, the pumps are doing well.

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

Exporters want Budget to aggressively create Brand India tag for certain products

India has already clocked $300 billion in merchandise exports from April-December 2021. What can Budget 2022 do to scale up certain categories further and continue the forward momentum?

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/34ei4B9

Budget 2022: Bring natural gas under GST to realise vision of gas-based economy

Natural gas is currently outside the ambit of GST, and existing legacy taxes -- central excise duty, state VAT, central sales tax -- continue to be applicable on the fuel.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/35u3Rkn

WTO lets China impose $645 mn tariffs on U.S. in Obama-era case

China went to the WTO in 2012 to challenge anti-subsidy tariffs the United States imposed between 2008 and 2012, mainly during the term of U.S. President Barack Obama, on 22 Chinese products ranging from solar panels to steel wire.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3u1GXuK

China solar capacity rises by record 54.9 GW in 2021 - energy authority

China's total solar power capacity had reached 306.56 GW by the end of 2021, the National Energy Administration (NEA) said on Wednesday, enough to power the whole of Germany.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/32DkQ2E

What India’s MSMEs want from Budget 2022 to scale up renewable energy

This year, MSMEs expect more from the Union Budget, to enable them to also become a part of the transition to cleaner energy sources.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3AHw3fe

Essar sets up Vertex Hydrogen to help drive energy transition in the UK

Essar Oil UK holds 90 per cent stake in Vertex Hydrogen, while Progressive Energy Ltd has the remaining 10 per cent.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3u0zex7

Bring natural gas under GST to realise PM's vision of gas-based economy: Industry

Natural gas is currently outside the ambit of GST, and existing legacy taxes -- central excise duty, state VAT, central sales tax -- continue to be applicable on the fuel.

from Energy-Industry-Economic Times https://ift.tt/3tYPw9E

Budget 2022: Ficci demands incentives for renewable energy companies

The Indian government should develop an incentive framework to promote development of green technologies across sectors, according to the memorandum.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/35r2ItV

Inox Wind Energy gets shareholders' nod to raise up to Rs 90 crore

The money will be used for meeting the funding requirements of the company, its subsidiaries' consolidated business operations and for general corporate purposes.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/34csD85

BPCL to invest Rs 10,000 crore in six new city gas licences

BPCL had won 6 GAs in 19 districts for setting up City Gas Distribution (CGD) networks, in the 11th bidding round of Petroleum and Natural Gas Regulatory (PNGRB).

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3rP7EA7

Inox Wind Energy gets shareholders' nod to raise up to Rs 90 crore

The money will be used for meeting the funding requirements of the company, its subsidiaries' consolidated business operations and for general corporate purposes.

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

Green transition slowed by economic and social barriers, not technology

About $9.2 trillion will have to be spent just on new energy infrastructure and changes in land use and agriculture each year through 2050, up from $5.7 trillion today, researchers at consulting firm McKinsey & Company said on Tuesday.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3r0VHIp

JPMorgan asset arm creates new team to focus on sustainable investments

With an investment of up to $150 million, the team will target growth-stage private companies that build solutions related to climate adaptation and resource efficiency for various industries.

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

India's December crude oil imports at one-year high

Crude oil imports last month rose 7.1% versus November to 19.65 million tonnes, data on the website of the Petroleum Planning and Analysis Cell (PPAC) showed on Monday.

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

Siemens Energy shares hit record low as sell-off continues

Siemens Energy's stock fell as much as 4.9% to 18.16 euros per share, its lowest since the company was spun off from former parent Siemens AG and listed separately in September 2020.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3tVvyN7

Grand e-Mobility Challenge: Bengaluru to get 1500 electric buses under central scheme

While Kolkata will get the maximum number of e-buses (2,000), Delhi will get 1,500, and Hyderabad and Surat will get 300 and 150 respectively.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3KDyR1n

Why sodium is Mukesh Ambani’s big battery bet in the EV race

Ambani’s flagship Reliance Industries Ltd. is in the middle of an ambitious $76 billion clean-energy push. So, it makes sense for him to back a technology that’s as cheap as traditional lead-acid batteries, and requires ingredients that are easy to source.

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

Power plants cry foul, say biased allotment hitting coal supply

Last week, Rattan India Power-operated Amaravati power plant in Maharashtra shut down one of its units due to coal shortage resulting from insufficient rake allotment by SECR, the south east central zone of the railways.

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

ONGC Videsh enters development stage of Budiao discovery in Brazil

OVL had registered a major gas discovery in 2019 in its deep offshore block BM-SEAL-4, Brazil, located in the Sergipe Alagoas Basin.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3GYfQV1

Morgan Stanley expects oil at $100 a barrel in second half of year

The bank raised its price forecasts for Brent crude to $100 a barrel for the last two quarters of the year, up from the $90 and $87.50 previously estimated for the third and fourth quarters respectively.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3FWU1ns

Oil prices climb one per cent on fears of tighter supply

Brent crude futures rose 87 cents, or 1.0 per cent, to $88.76 a barrel by 0100 GMT, reversing a 0.6 per cent loss on Friday

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

Private sector plays important role in journey towards net-zero emissions: Environment Minister Bhupender Yadav

The minister said several companies have announced net-zero ambitions over the past year

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3GWCrl0

Climate, COVID, China: Takeaways from online Davos event

Speeches and discussions from the likes of Chinese President Xi Jinping and UN Secretary-General Antonio Guterres moved online this week after COVID-19 concerns delayed the forum's annual meeting in Davos, Switzerland.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3qSS1bI

Vice President calls for increased indigenous crude oil production

Calling for 'Atma Nirbharta' in the country's energy mix, he suggested focussing more on increasing domestic exploration of petroleum, harnessing the full potential of renewable sources and aiming for excellence and innovation in the energy industry.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/33VHS54

Renewables sector's Budget wish list: More power to a greener future

Budget 2022 provides a unique opportunity to the govt to address some of these concerns, given the uptick in the economic activity (post pandemic lows) and with global investors looking to invest significant capital in emerging markets.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3fM3CTs

Austria eyes legal action if EU proceeds with green label for gas, nuclear energy

The EU sustainable finance taxonomy is a list of economic activities that can be labelled as green investments in the EU.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3rA3Na6

How this year's Budget can bring India closer to its green energy target

The government will build on new energy initiatives already actioned during 2021 in response to the COVID-19-induced crisis and to boost economic growth.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3tLy6NT

OVL enters development stage of Budiao discovery in Brazil

ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), has declared a 2019 gas discovery in deepsea block in Brazil as commercially viable and has now entered the development stage that will bring it to production

from Energy-Industry-Economic Times https://ift.tt/3tO2x5W

Siemens Energy, wind division lose $5 bln in value after profit warning

Siemens Gamesa shares slumped as much as 16.2% to their lowest since July 2020, while Siemens Energy fell as much 17.4%, its biggest intraday loss ever, wiping out 4.6 billion euros ($5.2 billion) in market value between them.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3nOil4W

OPEC's share in Indian oil imports falls to lowest in at least 15 years

Members of the OPEC, mainly from the Middle East and Africa, saw their share of the pie in India shrinking to 70% in 2021, from a peak of 87% in 2008.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/33X6bzG

Fourth partner Energy buys on-site solar assets of ReNew Power

Hyderabad-based Fourth Partner Energy has acquired the onsite distributed solar generation portfolio of ReNew Power for ₹650 crore, people familiar with the deal said.

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

Siemens Energy cuts outlook as fresh problems emerge at wind unit

Siemens Energy, which owns 67% in Siemens Gamesa, said it now expects a margin on adjusted earnings before interest, tax and amortisation (EBITA) before special items in a range of 2% to 4% in 2022.

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

Fourth partner Energy buys on-site solar assets of ReNew Power

Hyderabad-based Fourth Partner Energy has acquired the onsite distributed solar generation portfolio of ReNew Power for ₹650 crore, people familiar with the deal said.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3nL1xMa

Solar module making capacity set to soar 400% by FY25: Crisil

India's solar module manufacturing capacity is set to rise by almost 400 per cent by fiscal 2025, compared with fiscal 2021, said ratings agency Crisil.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3GTp595

Senior-level panel looking into resignation of 3 independent directors of PFS: PTC India

In an unusual development, all three independent directors on the board of PTC India Financial Services had resigned on Wednesday over corporate governance issues and other matters.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/35bTDF9

Global energy transition to cause short-term economic pain -report

While investments in technologies like solar and wind farms, advanced batteries will generate jobs, the transition will also likely cause a loss of jobs and tax revenues in fossil fuel production.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3KqJ1m5

Tata, Adani set to bid third time for UP Power Transco

Tata Power had outbid Adani offering 100% recovery of loans of ₹3,700 crore to the lenders in the previous round. Adani's bid was only marginally lower at the time.

from Energy-Industry-Economic Times https://ift.tt/33Ro82r

ReNew Power, Fluence announce energy storage JV

ReNew Power and Fluence’s 50:50 JV will cater to a market projected to reach 27GW/108GWh by2030, according to India’s Central Electricity Authority, from just a few MWh today, a joint statement issued by the two companies said. The JV will kick off by providing a solution to ReNew with 150 MWh BESS required for its 300 MW Peak Power Project in Karnataka.

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

Power sector employees to go on 2-day strike in Feb to protest privatisation: AIPEF

According to the statement, the NCCOEEE has also decided that core committee leaders of NCCOEEE will meet Governor Punjab on February 1 and handover memorandum to him against privatization of Chandigarh UT Power Department.

from Energy-Industry-Economic Times https://ift.tt/3AueJu9

All 3 independent directors of PTC India Financial Services resign

The three independent directors who have resigned from the board with immediate effect are Kamlesh Shivji Vikamsey, Santosh B Nayar and Thomas Mathew T, according to a regulatory filing by the company.

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

India to gift Mauritius solar power projects, Civil Service College, housing

The two dignitaries will also launch the Civil Service College and 8 MW Solar PV Farm projects in Mauritius that are being undertaken under India's development support.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3Ku3XIy

Abu Dhabi's Masdar signs green hydrogen deals with Engie, TotalEnergies

In a separate statement, it said it had also agreed with TotalEnergies and Siemens to co-develop a project for sustainable aviation fuel using green hydrogen in Masdar City.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3rx7z3V

CESL to launch Rs 5,450 cr tender for Electric Buses today: MD & CEO Mahua Acharya

Q&A with Mahua Acahrya, MD & CEO, Convergence Energy Services Ltd (CESL)

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3GS54jq

PFC, REC may bid for stressed assets

Another official said the companies are considering partnering with other central power sector entities for technical know-how to run the acquired projects.

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

Delhi HC dismisses Tata Power's Delhi discom plea to exit NTPC pact

The court’s dismissal of the petition without any relief would make TPDDL liable to pay the amount payable since November 30, 2020 along with late payment surcharge as per Central norms.

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

Bidding for CBM blocks to start on Feb 15, end on March 15: DGH

The government has offered 15 blocks in Maharashtra, Madhya Pradesh, West Bengal, Jharkhand, Odisha and Chhattisgarh for extracting gas from coal seams

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

Ohmium partners with IIT Madras to accelerate PEM electrolyzer performance, reduce costs

Partnership to enable technology innovations created in research center to be rapidly translated into production improvements at Ohmium’s Bangalore Gigafactory

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3ryB9Gi

Boost for renewables: PFC, REC cut lending rates by 40 basis points on all loans

The rates have been reduced to 8.25 per cent as part of measures to boost renewable energy projects which require long-term funding.

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

First Digestor package of Assam Bio Refinery sails from Kolkata

This opens up the Brahmaputra riverway for Cargo transportation.

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

NTPC invites bids to build 900-MW solar energy park in the Republic of Cuba

The Request for Qualification tender process will start from March 2022 till May 2022

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

India, IRENA strengthen collaboration in renewable energy

The agreement was signed by the Ministry of New and Renewable Energy (MNRE) Secretary, Indu Shekhar Chaturvedi and IRENA Director-General Francesco La Camera during the 12th IRENA Assembly.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3rptc6i

India, IRENA strengthen collaboration in renewable energy

The agreement was signed by the Ministry of New and Renewable Energy (MNRE) Secretary, Indu Shekhar Chaturvedi and IRENA Director-General Francesco La Camera during the 12th IRENA Assembly.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3nx67xd

HPCL to raise Iraqi oil imports by 45 per cent in 2022: Sources

Iraq is the top supplier of oil to India, and higher purchases by HPCL will further strengthen the Middle East nation's share in Indian markets

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

Tata Power Renewable Energy commissions 100 MW solar projects in UP

The projects have been completed by TPREL within the agreed timelines despite COVID challenges. The plants are expected to generate more than 221.26 million units annually.

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

Union Budget 2022: Renewable energy industry wants stable policy to promote investments

Industry expects government to provide tax rebates to the residential solar prosumers

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

Plan to shift inland waterways, army trucks to methanol in the works

Methanol is a low-carbon, hydrogen carrier fuel produced from high ash coal, agricultural residue, CO2 from thermal power plants and natural gas

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

Plan to shift inland waterways, army trucks to methanol in the works

Methanol is a low-carbon, hydrogen carrier fuel produced from high ash coal, agricultural residue, CO2 from thermal power plants and natural gas. It is cheaper than petrol and diesel and also ethanol.

from Energy-Industry-Economic Times https://ift.tt/32b7EBS

Gail director arrested by CBI in bribery case

The CBI has arrested E S Ranganathan, Director (Marketing) of GAIL, in a case of alleged bribery of over Rs 50 lakh for giving discounts to private companies buying petro chemical products marketed by the Maharatna PSU, officials said Sunday

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/33JWh4l

IOC bags city gas licenses for 9 geographical areas in XIth bidding round

The Petroleum and Natural Gas Regulatory Board (PNGRB) had sought bids for 65 GAs in the XIth bidding round

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

Omicron curbs dampen motor fuel demand in January

Compared with the first fortnight of January 2020, petrol sales, which had recovered quickly from the first and second waves of the Covid-19 pandemic, were still 6% higher, as per the sales data from state-run oil companies that control about 90% of petrol pumps in the country. Diesel sales, however, were 8% lower than in January 2020.

from Energy-Industry-Economic Times https://ift.tt/3FtO6q1

IOC bags city gas licenses for 9 geographical areas in XIth bidding round

​India Oil said the licenses it has won comprise 33% of the demand potential of all GAs offered in the XIth round. ​Indian Oil has won licenses for Jammu, Pathankot, Sikar, Jalgaon, Guntur (Amravati), Tuticorin, Tirunelveli, Kanyakumari, Madurai, Dharmapuri and Haldia (East Mednipore).

from Energy-Industry-Economic Times https://ift.tt/34WAbMw

Power consumption grows 1.5 pc in first fortnight of January amid third COVID wave

During January 1 to 14 in 2021, electricity consumption stood at 48.59 BU, as per power ministry data. Power consumption in the entire January last year was 109.76 BU, which was 4.4 per cent higher than 105.15 BU in January 2020.

from Energy-Industry-Economic Times https://ift.tt/3typ9Y2

Gail Director E S Ranganathan arrested by CBI in bribery case

The CBI had unearthed the alleged bribery scam involving Ranganathan, middlemen, and businessmen, and arrested five individuals on Saturday, they said. The central agency had conducted searches at eight locations including the office and residence of Ranganathan, they said.

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

Oil India exits US shale venture, sells 20 pc stake for $25 million

"Oil India (USA) Inc (wholly owned subsidiary of OIL), divested its entire stake in Niobrara shale asset, USA," a regulatory filing by the company said, adding the consideration received was USD 25 million.

from Energy-Industry-Economic Times https://ift.tt/3AbW0mU

ATF price hiked by 4.2 per cent; no change in petrol and diesel prices

This is the second increase in ATF rates this month. Rates were hiked by Rs 2,039.63 per kl, or 2.75 per cent, to Rs 76,062.04 per kl on January 1. These increases in rates came on the back of two rounds of price cuts seen in December that reflected a drop in international oil prices during the second half of November and mid-December.

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

With Cop26 goals in mind, government sets up new panels

The impact of renewable energy (RE) scale-up on thermal power plants is under examination. Top of the list is the target to achieve 500GW of non-fossil fuel based energy capacity by 2030.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3I8BciI

ScottishPower buys 17 solar PV projects of 800 Mw capacity in Britain

ScottishPower has bought 12 solar PV projects with a combined capacity of 519 MW and 70 MW of energy storage capacity from renewables developer Elgin Energy.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3nsq2O9

MNRE amends ALMM Order to include open access, net-metering projects

Domestic manufacturers have applauded the move to include open access and net-metering projects under ALMM

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

Oil demand recovery in India poised to weather Covid comeback

Infections have surged and fewer vehicles are traversing the streets of India’s capital, but authorities have so far refrained from instituting a nationwide lockdown, opting for targeted restrictions such as closing bars.

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

MEIL bags 15 city gas distribution projects in 9 states

"In response, MEIL had bid for 43 GAs. MEIL has emerged as the successful bidder for the highest number of geographical areas (GA) across India winning bids for 15 geographical areas," the company said. The states where the projects are to be executed are Karnataka, Madhya Pradesh, Rajasthan, Maharashtra, Odisha, Punjab, Tamil Nadu, Telangana and Uttar Pradesh, MEIL said.

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

India’s renewable energy generation to rise by 30 per cent by 2024: IEA

New records for renewable capacity addition are expected in 2021 and 2022, it said

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

Oil demand recovery in India poised to weather Covid comeback

Infections have surged and fewer vehicles are traversing the streets of India’s capital, but authorities have so far refrained from instituting a nationwide lockdown, opting for targeted restrictions such as closing bars. While people are avoiding unnecessary travel, there hasn’t been a substantial impact to demand, according to Hindustan Petroleum Chairman Mukesh Kumar Surana.

from Energy-Industry-Economic Times https://ift.tt/3trZO26

Power Grid gains 3% after inking pact with Africa50 for Kenya Transmission Project

Once completed, the project will be the first independent power transmission (IPT) in Kenya and will set a reference point in Africa as the first financing of transmission lines on a PPP basis, a report quoting a statement by the Power Ministry said.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3tnZy45

REC raises $1175 mn syndicated loan in international market

The deal, benchmarked to USD LIBOR, was anchored by seven Indian and international banks, namely Axis Bank, Bank of Baroda, Bank of India, Canara Bank, DBS, MUFG and SMBC. The deal will be launched in the Asian loan syndication market shortly to capture interest from a wider investor community.

from Energy-Industry-Economic Times https://ift.tt/3nq3y03

India’s renewable energy generation to rise by 30 per cent by 2024: IEA

New records for renewable capacity addition are expected in 2021 and 2022, it said

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3qoUB9d

Eni buys Solar Konzept Greece to step into new solar market

In a statement on Thursday Eni said it had bought the company from Solar Konzept International, majority owned by German investment company Aquila Capital, for an undisclosed amount.

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

Reliance to invest $80 billion in green energy projects in Gujarat

The company will invest Rs 5 trillion over a span of 10 to 15 years to set up a 100 gigawatts renewable energy power plant.

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

GE Renewable Energy to supply turbines for 100-MW wind farm in Gujarat

The wind farm project will provide local businesses and consumers with clean energy

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3nos41E

India ranks third on tech VC investments in startups in 2021

The investments in 2021 were led by the US at $328.8 billion followed by China at $61.8 billion and India coming in third with a $44.6 billion funding into the sector.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3r8NhNW

Israel's Econergy plans renewable energy storage, solar PV capacity in Britain

The firm said it plans to develop 350 MW of energy storage capacity for operation in 2023, 300 MW for 2024 and 150 MW for 2025. It also aims to develop 900 MW of solar PV projects by early 2025, a company spokesperson said.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3qoLy8d

Vedanta Aluminium becomes India's largest industrial consumer of renewable energy

Vedanta Aluminium Business, Indias largest producer of aluminium and value-added products, has become the biggest industrial consumer of renewable energy (RE) in 2021, leading renewable energy procurement on the countrys power exchanges Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL).

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

Oil prices could hit $100 as demand outstrips supply, analysts say

Though the Omicron coronavirus variant has pushed COVID-19 cases far above peaks hit last year, analysts say oil prices will be supported by the reluctance of many governments to restore the strict restrictions.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/34RTJ4N

Vedanta puts $12 billion price tag on Bharat Petroleum

India’s plan to privatize BPCL has run into rough weather with bidders struggling to find partners and spread their financial risks for the big-ticket acquisition. The country was expecting global oil majors to team up with investment funds to participate in the sale. But some bidders are finding it difficult to invest due to global sustainability rules that make it tougher for them to make large investments in fossil fuels.

from Energy-Industry-Economic Times https://ift.tt/3qnN4aJ

Adani Group, POSCO sign agreement to develop steel mill

Industrialist Gautam Adani-led Adani Group has signed a pact with South Korea's POSCO to explore business opportunities in sectors like steel, renewable energy among others.

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

APTEL reinstates 50 MW wind project being developed by Inox Wind arm

Under the directions given in the order, the 50 MW (SECI Tranche - 1) wind power project of WFRPL being undertaken in Kutch (Gujarat), awarded by the Solar Energy Corporation of India (SECI), has been reinstated at a tariff of Rs 3.46 per KWH.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3HW5OUs

Maersk speeds up decarbonisation target by a decade

Maersk is also actively lobbying the United Nations' shipping agency, the International Maritime Organization, for a global carbon levy on shipping fuels to ensure that zero and low carbon fuels become economically viable and competitive to fossil fuels.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/31UHB1J

Govt puts brakes on CEL privatisation after employee union approaches court

Allegations of under-valuation in the Rs 210 crore highest bid made by the city-based Nandal Finance & Leasing are being examined.

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

Artha Energy Resources launches investment platform RenewShare

Launched as an autonomous investment platform, RenewShare caters to investors interested in diversifying their existing portfolio while being a part of the fast-growing RE landscape in India, the renewable energy solutions provider said in a statement.

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

Germany must cut energy use by 20-25 per cent to hit 2030 goals

The new coalition government, which includes Habeck's Green party, is trying to reduce fossil fuel use in Europe's biggest economy.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3Fx17zb

OPINION: India's net zero journey to 2070 – Steps taken so far and the path ahead

The target has been set and the focus starts now in charting out the trajectory to that – we have our work cut out for us.

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

SJVN to enter power trading business, says its CMD

It will now trade electricity generated by any public and private generating companies

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

India Hydrogen Alliance makes various submissions to govt seeking budgetary support

This includes budgetary support for creation of 10 National BharatH2 Clusters, a $1 billion Hydrogen Economy Development Fund and a Public-Private Hydrogen Taskforce

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

Adani Power board appoints Shersingh B Khyalia as its CEO

According to a BSE filing, Shersingh B Khyalia is not related inter-se to any of the directors of the company

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

SJVN bags 125 MW solar projects in UP

State-run SJVN Ltd said it has bagged contracts to set up two grid connected solar power projects of cumulative 125 MW capacity in Uttar Pradesh. The projects will be established in Jalaun and Kanpur Dehat districts of the state.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3rcrV2a

European Union needs more time for 'green' nuclear energy proposal

The proposal by the EU executive aims to support the 27-nation bloc's shift towards a carbon-neutral future and gild its credentials as a global standard-setter for fighting climate change.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3nfFz3E

Waaree Energies gets Sebi's nod to float IPO

In Sebi parlance, issuance of observations letter implies to its go-ahead for the initial public offering

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/33aoH7r

Numaligarh Refinery finalizes insurance coverage for MMTPA integrated Refinery Expansion project

NRL stated that the policy provides comprehensive coverage to both the refinery expansion as well as the cross country pipeline (length 1640 Km) from Paradip, Odisha to Numaligarh along with a Crude Oil Import Terminal at Paradip, Odisha for receipt of imported Crude Oil.

from Energy-Industry-Economic Times https://ift.tt/3f8ZYmz

Decarbonisation to see $395 billion capex by 2030: Report

​​At COP21 in Paris, as part of its nationally determined contributions, New Delhi had committed to achieve 40 per cent of installed electricity capacity from non-fossil energy sources by 2030

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3qgKl2w

SJVN gets category 'I' licence for inter-state trading of electricity across India

According to the CERC order, no objections were received on the petition of SJVNL

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3zJIW7X

India on track to achieve Paris Accord and COP 26 commitments: Bhupender Yadav

The minister said India and the US have agreed to take forward their 'Climate Action and Finance Mobilisation Dialogue'

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

India to add 10 GW renewable energy capacity in 2022

Distributed solar business to take immediate hit if BCD imposed as expected

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3Fgx0Ma

North Central Railway generates 94 lakh units of energy using solar power

The productivity of solar plants in North Central Railway (NCR) is registering an upward trajectory by generating 94 lakh units of energy.

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

North Central Railway generates 94 lakh units of energy using solar power

The productivity of solar plants in North Central Railway (NCR) is registering an upward trajectory by generating 94 lakh units of energy.

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

Budget 2022: Options before India to boost Green Hydrogen adoption

The upcoming budget can provide more clarity on the short-term strategies of National Hydrogen Mission to boost demand for Green Hydrogen.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3GeE6lo

Budget 2022: Options before India to boost Green Hydrogen adoption

The upcoming budget can provide more clarity on the short-term strategies of National Hydrogen Mission to boost demand for Green Hydrogen.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3zF7pLL

Nagpur Municipal Corporation to produce bio-CNG, green hydrogen from garbage

A company from Netherlands met Union minister Nitin Gadkari and proposed to develop bio-CNG plant, said NMC Mayor

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/33l99gM

Oil drops for second session on concerns over rising COVID-19 cases

Brent crude slid 38 cents, or 0.46 per cent, to $81.37 a barrel, while U.S. West Texas Intermediate (WTI) crude was down 34 cents, or 0.43 per cent, to $78.56 a barrel

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3K6zksO

Adani Power, Gujarat discom settle dispute

People in the know of the development said the two companies submitted a joint application in the Supreme Court last week seeking disposal of a curative petition filed by GUVNL last year.

from Energy-Industry-Economic Times https://ift.tt/3JW7n6L

Royal Dutch Shell in race for Actis' green company Sprng Energy

Shell will be competing with Australian infrastructure fund Macquarie and Canadian pension fund CPP Investment Board for the potential billion dollar plus buyout. All three were shortlisted last week, after an initial round of screening from a list of close to 20 potential candidates that had signed non-disclosure agreements. Shell's $1.2 billion non-binding equity offer is believed to have trumped all others. The debt on these assets is $960 million.

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

Scrap move to privatise electricity distribution in Chandigarh: AIPEF

"The All India Power Engineers Federation (AIPEF) on Sunday urged the government to withdraw Cabinet decision on privatisation of electricity distribution in UT (Union Territory) Chandigarh as the matter is still sub judice," an AIPEF statement said.

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

Diesel, petrol prices remain steady on Sunday

Oil marketing companies kept the prices of diesel and petrol unchanged across major Indian cities on Sunday.

from Energy-Industry-Economic Times https://ift.tt/3K5DJMH

Discoms' outstanding dues to gencos rise 4.4% to Rs 1,21,030 crore in January

Discoms owed a total of Rs 1,15,904 crore to power generation firms in January 2021, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).

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

Mumbai: MGL hikes CNG-PNG prices for second time in 3 weeks

The basic price of CNG has been increased by Rs 2.50/kg and domestic PNG by Rs 1.50/SCM for the Mumbai Metropolitan Region (MMR), coming after a steep hike effected on December 17/18, last year.

from Energy-Industry-Economic Times https://ift.tt/3zC8wMb

India's clean energy push propels renewable companies' stocks

The shares of Suzlon Energy, Orient Green Power, Inox Wind, JSW Energy, Adani Green Energy, Websol Energy System, Borosil Renewables have seen a substantial rise.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3G2x9nz

TANGEDCO ropes in PTC India to procure 1,500 MW electricity; appoints it as aggregator

PTC India is a leading provider of power trading solutions in India and has maintained its leadership position in power trading since its inception. The company is a unique example of a successful public-private partnership with major PSUs of the Union Ministry of Power as promoters and a widely held ownership interest. The firm is also aggregator under the Pilot Scheme-I and Pilot Scheme-II of the Ministry of Power.

from Energy-Industry-Economic Times https://ift.tt/3q5dU7s

India to invest USD 1.61 billion to link more green energy projects to grid

Prime minister Narendra Modi last year announced 2070 as the target for India to reach net zero carbon emissions.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/31y19bR

OPEC oil output boost in December again undershoots target

The Organization of the Petroleum Exporting Countries (OPEC) pumped 27.80 million barrels per day (bpd) in December, the survey found, up 70,000 bpd from the previous month but short of the 253,000 bpd increase allowed under the supply deal.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3F3bnPa

FM assures industry BCD on solar modules will be implemented from April 1

A delegation met Sitharaman on Thursday and flagged concerns regarding manufacturing units that are on the verge of closing owing to the current duty-free window on solar panels and cells from China and other countries.

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

Cabinet nod for 2nd phase of Green Energy Corridor with Rs 12,000 cr outlay

The project, called Green Energy Corridor Phase-II, would involve laying 10,750 circuit kilometers of transmission lines by 2026, Union minister Anurag Thakur told reporters.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3t5neK8

Uttar Pradesh slashes electricity tariffs for farmers by half

The Chief Minister's office made the announcement on its official Twitter handle that said the decision to slash the power bills has been taken in the interest of farmers.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3HGlo6H

Sri Lanka signs deal to lease oil tanks to Indian Oil amid financial crisis

The signing of the deal comes ahead of Chinese Foreign Minister Wang Yi's visit to Colombo this weekend, with China also vying for clout in Sri Lanka.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3G7asP3

SJVN power stations clocks highest ever 1,480 MU of electricity generation in October-December

Nand Lal Sharma, Chairman and Managing Director, said against total design energy of 8,700 million units for full financial year 2021-22 from its power stations, SJVN in just three quarters of this fiscal has generated 8,321 million units of energy.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3HJ8bKb

Hero Future Energies ties up with Ohmium to set up 1GW green hydrogen facilities

Ohmium will be responsible for the design, construction, and operations and maintenance of the hydrogen production facilities. Hero Future Energies will be the build-operate-own partner, generating green energy to power the production facilities and assuming overall ownership of the assets.

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

Vedanta arm Fujairah Gold FZC to make foray into clean energy

The UAE-based company, led by Chairman and Managing Director Agnivesh Agarwal, is exploring opportunities in clean energy in line with parent Vedanta Group's mission to achieve net zero by 2050 or sooner.

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

SJVN power stations clocks highest ever 1,480 MU of electricity generation in October-December

Nand Lal Sharma, Chairman and Managing Director, said against total design energy of 8,700 million units for full financial year 2021-22 from its power stations, SJVN in just three quarters of this fiscal has generated 8,321 million units of energy.

from Energy-Industry-Economic Times https://ift.tt/34sQu3t

NHPC, GEDCOL to form JV for setting up 500-MW floating solar projects in Odisha

NHPC will hold a 74 per cent equity stake, while GEDCOL will have 26 per cent. It will have an authorised share capital of Rs 500 crore divided into 50 crore shares of Rs 10 each.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3JK4MwK

Power CPSEs Capex rises 47% to Rs 40,000 cr in April-December

"CPSEs under Ministry of Power have incurred capital expenditure (Capex) of Rs 40,395.34 crore till the month of December during FY 2021-22. This is 47 per cent higher than the expenditure incurred during the corresponding period of FY 2020-21, a power ministry statement said.

from Energy-Industry-Economic Times https://ift.tt/3G2sqlI

New Samsung leadership plans sustainable products for the future

Jong-Hee Han, Vice Chairman, CEO and Head of DX (Device eXperience) Division at Samsung, said that open innovation and collaboration are keys to fighting climate change and protecting our environment.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3pUGg41

NHPC, GEDCOL to form JV for setting up 500-MW floating solar projects in Odisha

NHPC will hold a 74 per cent equity stake, while GEDCOL will have 26 per cent. It will have an authorised share capital of Rs 500 crore divided into 50 crore shares of Rs 10 each.

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

Coal-dependent Indonesia starts tapping huge solar power potential

Since putting them up in 2020 at a cost of 10 million rupiah ($702.25), he has halved his monthly electricity bill and within five years the investment should break even.

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

PM Modi, new German chancellor hopeful of new cooperation initiatives in climate action, green energy

In a statement, the PMO said the two leaders agreed that there was significant synergy in the governance priorities announced by the new German government and India's own economic vision.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3eTM9rM

Vedanta arm Fujairah Gold FZC to make foray into clean energy

The UAE-based company, led by Chairman and Managing Director Agnivesh Agarwal, is exploring opportunities in clean energy in line with parent Vedanta Group's mission to achieve net zero by 2050 or sooner.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3F1xvtj

Odisha govt, Gail sign MoU for setting up clean energy projects

The agreement was signed by the public sector unit and the Industrial Promotion and Investment Corporation of Odisha (Ipicol) in Bhubaneswar.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3zIJI5j

GAIL, BPCL, HPCL bids for city gas licences raise eyebrows

BPCL is competing for licences with its related entities in 15 areas while Gail Gas is in a contest in 11 and HPCL in three.

from Energy-Industry-Economic Times https://ift.tt/3361ToY

Lanco Infra lenders value co's Anpara Power Plant at ₹819 cr

The 1200 MW thermal power plant is a rare operational plant with fuel linkages and a power purchase agreement with the UP government. It is still a standard account on banks' books as cash flows have not been impacted despite the parent company facing liquidation.

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

India to attract large investments due to COP26 commitments: ICRA

The commitments on emission control made by India at the recent Glasgow COP26 summit are expected to benefit the country in the long-term with new technologies in energy efficiency, carbon reduction and green fuels, rating agency ICRA said adding this is likely to attract investment in billions across sectors.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/32PFfl6

MP: Chouhan directs officials to speed up work on Sanchi solar city plan

Under the Sanchi Solar City Scheme, 12 technical institutes will be run by an off-grid solar plant, while Anganwadi centres will be lit with solar energy and a 6,000 KV solar system will be installed in the city.

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

Antigua, Barbuda joins International Solar alliance in presence of Indian High Commission in Guyana

Antigua and Barbuda becomes the 102nd country to join International Solar Alliance on Wednesday.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3eOW569

Govt distributes 36.78 cr LEDs under UJALA scheme

In a short span, the programme has evolved to be the world's largest zero-subsidy domestic lighting scheme that addresses concerns like high electrification costs and high emissions that result from inefficient lighting, a power ministry statement said.

from Energy-Industry-Economic Times https://ift.tt/3n0LdGN

Adani wins key coal tender as India acts to avoid energy crisis

Adani, India’s largest trader of imported thermal coal, will deliver 1 million tons to state-run NTPC Ltd., which in October issued its first tender for coal imports in more than two years, the people said, requesting anonymity as the details are still private.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3pRFVz3

GAIL completes acquisition of IL&FS's 26 per cent stake in OTPC

ONGC holds 50 per cent interest in the company in the project that supplies electricity to the northeastern states.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/32RjMZ5

Adani wins key coal tender as India acts to avoid energy crisis

Adani, India’s largest trader of imported thermal coal, will deliver 1 million tons to state-run NTPC Ltd., which in October issued its first tender for coal imports in more than two years, the people said, requesting anonymity as the details are still private.

from Energy-Industry-Economic Times https://ift.tt/3Hzicd5

Cairn Energy withdraws all litigations in retrospective tax case

Cairn Energy “has entered into the final stage in its undertakings with the Government of India by withdrawing Indian and global appellate and enforcement proceedings,” the company said in a notice published in a newspaper on Wednesday. “This action is the final necessary step by the company under the rules of India’s Taxation (Amendment Act) 2021.”

from Energy-Industry-Economic Times https://ift.tt/3eRM7Rn

Pondicherry University saves Rs 1 crore per annum on power after installing solar plant

Pondicherry University saves more than Rs one crore per annum on electricity bills after the commissioning of solar power plants with a total capacity of 2.4MW at a cost of Rs 13 crore.

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

Azure Power commissions 600-MW solar project in Rajasthan

The power generated from the project will be supplied to SECI at a tariff of Rs 2.53 per unit

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3JBW2Zx

OPINION: Energy transition: Need for an integrated approach

It is time that our governance structure too reflects the changing times and is designed to drive country through a transition of the nature and magnitude unheard of in the past.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3zntcY6

Reliance becomes promoter in SWREL, holds over 40 per cent stake

Earlier RNESL (acquirer), Reliance Industries Ltd (RIL) and Reliance Ventures Ltd (RVL) had made initial payment of Rs 259 crore for acquisition of 4.91 crore shares.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3eM3hj8

Tamil Nadu govt asks collectors to identify sites for solar parks

District collectors are already engaged in identifying suitable sites in areas other than corporations and municipalities

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3mWhO0p

Olectra Greentech receives letter of award for 50 electric buses

With this, the total order book of Olectra for electric buses stands at around 1,523 e-buses after considering the deliveries already made.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3EToS3M

Reliance becomes promoter in SWREL, holds over 40 per cent stake

Earlier RNESL (acquirer), Reliance Industries Ltd (RIL) and Reliance Ventures Ltd (RVL) had made initial payment of Rs 259 crore for acquisition of 4.91 crore shares.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3sQM1Sh

Azure Power commissions 600-MW solar project in Rajasthan

The power generated from the project will be supplied to SECI at a tariff of Rs 2.53 per unit

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

Azure Power commissions 600 MW solar project in Rajasthan

New Delhi, Jan 3 (PTI) Azure Power on Monday said it has commissioned a 600 MW solar power project in Bikaner. According to a statement, the power generated from the project, located in Rajasthan, will be supplied to SECI at a tariff of Rs 2.53 per kWh for 25 years.

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

Delhi witnesses rise in power demand in 2021 after a dip in 2020

Power distribution companies officials attribute this demand for power in the capital to a devastating second wave of COVID-19 and adverse weather conditions for a prolonged period here.

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

Inter-ministerial consultations underway for India's Hydrogen Policy: Rajnath Ram, energy advisor, NITI Aayog

He also said that green hydrogen cost of less than $1 per kg by 2030 is achievable

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3sO66IU

NTPC plans to acquire 5 per cent equity in Power Exchange India Ltd

PXIL is India's first institutionally promoted power exchange, which has been providing various electricity trading solutions and connecting buyers as well sellers since 2008.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3qLhL8L

Climate change: Concerted global efforts needed to to save islands, says Vice President Naidu

Expressing his deep concern on the effect of climate change and global warming on the small islands, he said that it is unfair that small islands, whose percentage of overall emissions is minimal, pay the price for the negligence of big nations.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3pLoz6P

Reliance Industries to raise $5 billion to retire existing borrowings

The Finance Committee of the company board at its meeting on Saturday approved a "proposal for issuance of senior unsecured US Dollar-denominated fixed-rate notes from time to time, for an aggregate amount up to USD 5 billion

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

Climate Justice: As flag-bearer for global south, India to push for 'Samagrata' at home

It is not that India only preached but not practiced, unlike much of the western world that may have cleaned up their air but have an energy-intensive lifestyle leading to highest per capita energy consumption.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3pNTu2u

Gurugram based IntelliSmart eyes fresh smart meter installation projects in 8 states: CEO Anil Rawal

Digitalization of discoms through smart metering has been recognised as the key solution for these systemic and deep routed inefficiencies. During the winter session of Parliament, Power Minister R K Singh informed the Lok Sabha that the DISCOMs have not been able to pay the generation companies for the power procured, and the outstanding payments to them are estimated to be in excess of Rs 1,56,000 crore.

from Energy-Industry-Economic Times https://ift.tt/3EJLbc7

Renewables power November all-India electricity generation

Accordingly, the total all-India generation increased marginally by 2 per cent to 99.4BU (billion units) in November 2021.

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

NTPC plans to acquire 5% equity in Power Exchange of India Ltd

A senior official told PTI that NTPC has plans "to buy up to five per cent equity stake in PXIL. This decision has been taken in view of the government's intention to increase the share market to 25 per cent per cent of total electricity supply in India by 2023-24".

from Energy-Industry-Economic Times https://ift.tt/3EN7Rsj

ONGC hasn't had a chairman in office for over 24 hours

As the hierarchy stands, the senior-most director in the organisation - Alka Mittal, director (HR) - would take over from Kumar. However, that is subject to a government order. As it stands, the last administrational order from the Oil Ministry - issued on December 28 - gave Anurag Sharma, the onshore director, the additional responsibility of finance director.

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

Renewables power November all-India electricity generation

Accordingly, the total all-India generation increased marginally by 2 per cent to 99.4BU (billion units) in November 2021.

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

SJVN flags off dispatch of turbine generator for Buxar plant

SJVN Chairman and Managing Director Nand Lal Sharma virtually flagged off the journey of turbine generator from Hazira, Gujarat, to the project site, while SJVN Director (Electrical) Sushil Kumar Sharma was present at the L&T plant at Hazira.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/32ziF08

Renewables power Nov all-India electricity generation

All-India power production increased marginally in November 2021 supported by increase in generation from renewable sources, said India Ratings and Research (Ind-Ra).

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

Power consumption rises 4.5% to 110.34 billion units in December

Peak power demand met or highest supply in a day rose to 183.39 GW in December 2021 compared to 182.78 GW in December 2020 and 170.49 GW in December 2019. In November this year, the power consumption grew by 2.6 per cent to 99.37 BU. Last year in November, power consumption stood at 96.88 BU and in the same month in 2019, it was at 93.94 BU.

from Energy-Industry-Economic Times https://ift.tt/3eDA367