Saturday, April 30, 2022

Commercial cooking gas price hiked by Rs 102 per cylinder

In the national capital, the 19 kg commercial cylinder now costs 2355.50, while in Mumbai. the price was hiked from Rs 2205 to Rs 2,307 per cylinder.

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Jet fuel prices hiked by 3.22 pc to record high

Meanwhile, petrol and diesel prices remained unchanged for the 25th straight day after rising by a record Rs 10 per litre each. While jet fuel prices are revised on the 1st and 16th of every month, petrol and diesel rates are revised daily based on equivalent rates in the international market.

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India's power crisis to worsen further due to states' laxity on coal imports: Power Ministry

Some states such as Rajasthan and Maharashtra have blamed coal scarcity for the power crisis. A senior Telangana official said imported coal prices at a record high level of about $288 a tonne (HBA Index) were out of reach for the state. An official in Karnataka said transportation of imported coal would require more railway rakes, a shortage of which is currently the main reason for lower inventories at power stations.

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Friday, April 29, 2022

Solar pumps water 5k bamboo plants in Udaipur village

The administration dug borewells (submersible pump) and used solar water pumps for the supply of water for the plantation project under the rural development department’s MGNREGA scheme. This is believed to be a unique effort as bamboo plants are usually grown in areas with heavy rainfall.

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Inox Green Energy Services scraps IPO plans; withdraws draft papers

The company had filed the Draft Red Herring Prospectus (DRHP) for the proposed IPO on February 7 with the Securities and Exchange Board of India (Sebi).

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NGSL to explore business opportunities in renewable sector in Africa

The MoE also envisages extending support for the adoption of affordable housing, efficient lighting, development of mini-grid solutions and capacity building of Kenyan power sector professionals, it added.

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Goldi Solar to hire over 2,000 people by 2025

"Goldi Solar, a global solar panel manufacturer and EPC provider announced that it will train and hire over 2,000 employees by 2025," a statement said.

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Renewable sources helping Rajasthan overcome power plight

At present, maximum power generation in the state is from the thermal plants, and due to a shortage of coal, the power supply is affected. Due to this the state government has prepared to install 100 solar plants in different districts in western Rajasthan.

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Power-hungry India halts passenger trains to free up track to move coal

India has urged its states to step up coal imports for the next three years to build up inventories and satisfy demand, Reuters reported on Wednesday, underscoring the severity of the crisis.

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Power demand spikes to all-time high of 207 GW

The CERC had on April 1 lowered the cap on prices in the day-ahead and real-time market segments of the exchanges. This had led to a drop of as much as 70% in sell bids in these segments while prices on uncapped term-ahead market rose to ₹13 from ₹5 as it attracted electricity sellers. The capping directive was based on demands from some states and industries.

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US solar industry warns of slowdown due to supply chain disruptions, tariff uncertainty

US power company Southern Co on Thursday said nearly a gigawatt of its planned solar energy projects would be delayed by a year, the latest in a string of warnings from companies and industry representatives citing the two issues.

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Thursday, April 28, 2022

India has become an energy transition powerhouse: Francesco La Camera, DG, IRENA

International Renewable Energy Agency (IRENA) Director General Francesco La Camera speaks on the global and the Indian energy transition story, green hydrogen, the agency's partnership with the Indian government and the Ukraine crisis.

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Renewable energy comes to rescue amid rising power demand: Official

In an effort to help electricity distribution companies (discoms) retain their fast-migrating commercial and industrial customers, stem losses and enhance renewable energy demands, the WRI India organised a workshop in Delhi on Thursday, involving regulators, discoms, policy makers and research groups.

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US solar industry warns of slowdown due to supply chain disruptions, tariff uncertainty

US power company Southern Co on Thursday said nearly a gigawatt of its planned solar energy projects would be delayed by a year, the latest in a string of warnings from companies and industry representatives citing the two issues.

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Odisha installs solar energy panels in govt schools

In the first phase, the solar panels would be installed in the transformed high schools under the 5T initiatives, where the infrastructure facilities have already been completed, sources said. As many as 366 high schools have already been developed under the 5T initiative.

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'Upfront capital investment issue for popularisation of rooftop solar even in Delhi'

Affordable and accessible financing options are required to convert consumer interest to on-the-ground installations, finds the study implemented by the Council on Energy, Environment and Water (CEEW) and others in two urban areas of Delhi.

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India asks state firms to consider buying Russian oil assets

The oil ministry last week conveyed its intent to ONGC Videsh Ltd (OVL), Indian Oil Corp., Bharat Petro Resources Ltd (BPRL), Hindustan Pertoleum's subsidiary Prize Petroleum Ltd, Oil India Ltd and GAIL (India) Ltd, the sources said.

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Wednesday, April 27, 2022

US identifies possible wind power areas off Oregon, Atlantic coasts

Wednesday's announcement by the Bureau of Ocean Energy Management, part of the Department of Interior, is the first step in designating areas that will be auctioned to companies seeking to build offshore wind farms.

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Emmvee’s 750-mw solar module unit near Bengaluru to go on stream next month, help raise exports to US, Europe

The new unit is part of Emmvee group’s Rs 1000 crore investment that was cleared by the high-level clearance committee, headed by then chief minister BS Yediyurappa, in May last year.

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27 states, UTs must step up in India's race to 175 GW renewables: Ember

India saw 9.2 GW of RE capacity addition in the last six months, with nearly three-quarters coming from RE deployments in Rajasthan and Gujarat.

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Judge sides with Elon Musk in lawsuit over SolarCity

The group of investors, which includes union pension funds and other institutional investors, argued that SolarCity was a failing enterprise that faced "likely bankruptcy" were it not for the actions of Musk and other Tesla board members, who also had large equity stakes in SolarCity.

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ONGC inks MoU with Norway's Equinor for E&P, clean energy

The agreement is "for collaboration and partnership in areas of upstream exploration and production, midstream, downstream and clean energy options, including carbon capture utilisation and sequestration (CCUS)," it said.

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ONGC inks MoU with Norway's Equinor for E&P, clean energy

The agreement is "for collaboration and partnership in areas of upstream exploration and production, midstream, downstream and clean energy options, including carbon capture utilisation and sequestration (CCUS)," it said.

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BPCL, HPCL walk away with city gas licenses in latest bid round

GAIL Gas Ltd, a unit of state gas utility GAIL, won the license for the Kodagan, Bastar, Sukma, Bijapur and Dantewada districts in Chhattisgarh.

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Tuesday, April 26, 2022

Green & energy audits of 120 HEIs in state likely

In the first phase, DAVV plans to lay emphasis on energy audit in order to identify gadgets that are inefficient followed by power consumption audit. In the power consumption audit, power generating and consuming sources along with electrical sources would be included.

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India can be cheapest producer of green hydrogen: Kant

While noting that China does not have climatic conditions to become the cheapest producer of Green Hydrogen, Kant said India will have to compete with Middle-East countries.

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Azure Power board accepts resignations of CEO Gupta and COO Subramanian

According to the statement, both will relinquish their roles with the company and its subsidiaries, and Mr Gupta will resign from the board of directors with immediate effect in order to pursue other opportunities.

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India, Maldives plan transmission interconnection for transfer of renewable power

Singh appreciated the resolve of Maldives government to achieve net zero emission target by 2030, according to a power ministry statement.

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Karnataka: State’s share of green energy rockets in past fiscal

While other states with a high dependency on the fossil fuel have struggled, Karnataka has augmented supply from thermal power plants with loads of renewable energy.

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Solar power production in India getting impacted by Forest fires: Study

Forest fires that plague different parts of India, especially during summers, play a major role in reducing solar power production in India, a study has found.

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Norway to become member of International Solar Alliance: Foreign Minister

Norwegian Foreign Minister Anniken Huitfeldt announced Norway's membership of the International Solar Alliance (ISA) during her official visit to India, a statement by the country's Embassy here said on Tuesday.

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Statkraft, Aker Horizons sign pacts to explore Green Hydrogen and Ammonia opportunities in India

Aker Clean Hydrogen and Statkraft have agreed to explore joint development opportunities of fully-integrated renewable power generation and green hydrogen production.

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How Vladimir Putin's war ended Narendra Modi’s cheap natural gas dream

The cheap pricing provided just-as-artificial legs to demand. The Indian government enthusiastically declared two years ago that $66 billion in investments were lined up into everything from pipelines to city gas infrastructure and LNG regasification terminals.

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Monday, April 25, 2022

Power, railways ministers discuss rakes availability for coal transportation

The power ministry in a statement said that R K Singh and Vaishnaw held a meeting to discuss short-term and long-term strategies for dealing with increasing power demand.

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India plans own uniform carbon trading market

An analysis by Deloitte Economics Institute showed the country could gain $11 trillion over 50 years by limiting rising global temperatures and realising its potential to 'export decarbonisation' to the world.

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Vedanta invites bids for natural gas from Barmer field

Vedanta plans to auction 0.10 million metric standard cubic meters a day of natural gas on May 12. The supplies will start no later than June 1 and end on May 31, 2023.

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India to meet half of its energy needs from renewable by 2030: NITI member

Speaking at an event here, Saraswat said, "Furthermore, India will also reduce the total projected carbon emissions by 1 billion tonnes from now onwards till 2030. By the year 2070, India will achieve the target of Net Zero".

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India to meet half of its energy needs from renewable by 2030: NITI member

Speaking at an event here, Saraswat said, "Furthermore, India will also reduce the total projected carbon emissions by 1 billion tonnes from now onwards till 2030. By the year 2070, India will achieve the target of Net Zero".

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Zypp Electric raises USD 1 mn from Northern Arc

The company aims to use debt as a new expansion funnel along with current leasing strategy as it plans to deploy 1.5 lakh e-scooters in India by 2025, it added.

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Vedanta invites bids for natural gas from Barmer field

Vedanta plans to auction 0.10 million metric standard cubic meters a day of natural gas on May 12. The supplies will start no later than June 1 and end on May 31, 2023.

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ONGC misses, IndianOil, BPCL, HPCL exceed capex target for 2021-22

​​They plan to spend ₹1,11,000 crore in the current fiscal year. ONGC spent ₹26,621 crore, against its budgeted expenditure of ₹29,800 crore. Its overseas arm, ONGC Videsh, fell far short of its target. Its expenditure of ₹4,836 crore was just 58% of its annual target. Oil India, the smaller state-run explorer, spent ₹4,239 core, against a target of ₹4,108 crore.

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Sunday, April 24, 2022

MNRE minister calls for collective efforts to fight carbon emissions

President of European Commission Ursula von der Leyen also attended discussion on 'Solar Energy Development' at the International Solar Alliance (ISA) Secretariat in Gurugram, Ministry of New and Renewable Energy said in a statement.

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India's oil import bill doubles to $119 billion in FY22

Oil prices started to surge from January and rates crossed USD 100 per barrel in the following month before touching USD 140 per barrel in early March. Prices have since receded and are now around USD 106 per barrel.

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Mix of wind-solar energy source must for green hydrogen production: Balram Mehta, COO, ReNew Power

He added that if wind power is added to the system, those 8 hours increase to 16-20 hours and thus the overall banking requirement decreases

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Govt approves Rs 1.62 lakh cr proposals from 13 states

The top seven states account for over 87% of the approvals in value terms led by Uttar Pradesh (Rs 35,702), Tamil Nadu (Rs 28,301), Rajasthan (Rs 18,627), Madhya Pradesh (Rs 18,172), Gujarat (Rs 16,559), Andhra Pradesh (Rs 13, 405) and Kerala (Rs 10,578), the sources said.

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India's oil import bill doubles to USD 119 bn in FY22

India, the world's third biggest oil consuming and importing nation, spent USD 119.2 billion in 2021-22 (April 2021 to March 2022), up from USD 62.2 billion in the previous fiscal year, according to data from the oil ministry's Petroleum Planning & Analysis Cell (PPAC).

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Current power crisis due to sharp fall in generation; not due to non-availability of domestic coal

In an interview to PTI, Coal Secretary A K Jain attributed the low coal stocks at power plants to several factors such as heightened power demand due to the boom in the economy post COVID-19, early arrival of summer, rise in the price of gas and imported coal and sharp fall in electricity generation by coastal thermal power plants.

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PM to inaugurate roads, energy projects worth Rs 20,000 cr in J&K

Modi will lay the foundation stone of Ratle and Kwar hydroelectric projects, a 850 MW facility to be constructed on Chenab river in Kishtwar at a cost of around Rs 5,300 crore.

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Saturday, April 23, 2022

ONGC commissions Rs 6,000 cr projects to boost oil, gas output

A Rs 3,740-crore spend has been made on a state-of-the-art 8-legged water injection-cum-living quarter platform, as part of the Mumbai High South Redevelopment Phase-IV, while Rs 2,292.46 crore have been spent on Cluster-8 marginal field development project at Mumbai High, ONGC said in a statement.

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Coal stocks at non-pithead plants low at 26pc of normative level

Experts are of the view that coal shortage can lead to a possible electricity crisis and there is a need to scale up supplies as 26 per cent of the normative level of coal at non-pithead thermal power plants is not a good sign. Non-pithead thermal power plants are situated at a distance from coal mines and stocks at these plants assume significance.

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Solar-powered refrigerators to safeguard Covid vaccines in UP

The rampant wastage of Covid-19 vaccines will no longer remain a problem in health centres across Uttar Pradesh where there is a shortage of electricity since such centres will now be able to operate efficiently without the usage of electrical equipment.

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Power sector: The heat is on

With hotter-than-usual weather and high industrial demand, the country could be in for a difficult summer.

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Friday, April 22, 2022

West Bengal: NKDA looks at foreign tie-ups for green tech

An Italian team visited several places in New Town on Thursday and held discussions with NKDA officials about developing hydrogen- and electric-vehicles apart from efficient waste management.

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Oil minister Hardeep Puri says Opposition-ruled states should cut VAT to give relief to consumers

Puri accused states of “making a killing” by charging ad-valorem rates, which result in high revenues with rising prices, and asked states, ruled by the Congress and other opposition parties, to reduce rates by half.

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Germany in talks with India for broader green and sustainable development tie-up: Official

State Secretary of the German Ministry for Economic Cooperation and Development Jochen Flasbarth, who is on a two-day visit to India, held meetings with a number of officials from the Environment, Coal and the External Affairs Ministries.

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Technology exhibition at PM Modi's event in Jammu to motivate start-ups

The Minister of State (MoS) said the carbon-free solar plant has been installed on a total area of 6,408 square metres and was completed in a record time of 18 days and will provide clean electricity and light to 340 houses in the panchayat.

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Reliance buys at least 15 mln barrels of Russian oil - traders

Reliance has bought an average 5 million barrels a month for the June quarter, the sources said. Reliance did not immediately respond to a Reuters' email seeking comment. Before the Ukraine war, Indian refiners, including Reliance, rarely bought Russian oil owing to high freight costs.

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Govt tweaks coal utilisation norms for private power producers amid rising electricity demand

In a statement on Friday, the ministry said the measures have been taken for ensuring more efficient utilisation of domestic coal as well as for optimally utilising the railway infrastructure for maximum transportation of coal to the power plants.

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Thursday, April 21, 2022

GAIL, HPCL to pump in Rs 17,000 crore to boost Bengal CNG infra

The CNG pipeline from Durgapur is expected to reach Kolkata by September 2023. Of the 315 km long Durgapur to Haldia pipeline, only 60-70 kilometres have been completed in patches.

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'Windergy India 2022' aims to catalyse up to Rs 15,000 cr investment into wind energy equipment

"This will help to facilitate investment flow of Rs 10,000 crore to Rs 15,000 crore into wind energy component manufacturing in the country," Indian Wind Turbine Manufacturers Association (IWTMA) Chairman Tulsi Tanti told reporters at the curtain raiser presser of the event.

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State innovation to incubate green tech for a clean Bengal

WBIN will be a network of incubators, universities and business associations to incubate, support and scale green entrepreneurs, MSMEs and businesses across the state. It is backed and supported by the state power department.

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'Small actions' can help reduce reliance on Russian energy: IEA

The European Union is scrambling to find alternatives to Russian energy after Moscow's invasion of Ukraine since Russia currently supplies 40 percent of the EU's gas needs.

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Solar power helped save ₹1.85 cr: HP min

Himachal Pradesh urban development minister Suresh Bhardwaj said on Thursday that the Smart City mission had given the state a successful model of solar energy.

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Power crisis: States turn to idle plants to avoid a grid collapse

Several states have asked such plants to resume operations and are willing to pay a higher price for power generated from costlier gas and coal.

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Wednesday, April 20, 2022

US has permitted more wind and solar under Biden, but needs to do more: report to Congress

The report by the US Bureau of Land Management (BLM) said it permitted 10 solar and 2 geothermal projects on public lands last year. That 2.89 gigawatts of capacity was up 35 per cent from 2020, the last year of the Trump administration.

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India may miss 2030 renewable energy targets as UP, Punjab, Haryana lag, say experts

​​​The comments were made during a webinar held by Climate Trends, a Delhi-based climate communications initiative, on how the northern power grid can accelerate the transition and help India meet its 2030 Glasgow commitments while contributing to limiting global warming to 1.5 degrees Celsius.

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PM Modi announces electric locomotive plant in tribal-dominated Dahod in Gujarat

"A steam locomotive workshop was established here before Independence. Now it will give a push to Make in India as the Railways will set up a Rs 20,000 crore electric locomotive manufacturing facility here," Modi said.

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Oil India Limited commissions India’s first 99.999 per cent pure Green Hydrogen pilot plant

The plant produces Green Hydrogen from the electricity generated by the existing 500kW Solar plant using a 100 kW Anion Exchange Membrane (AEM) Electrolyser array. The use of AEM technology is being used for the first time in India.

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To power up state, experts recommend energy mix

The consensus view was that Goa, which depends on other states for its power supply, needs to find an energy mix to meet its daily power requirements.

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Oil India commissions India’s first 99.99% pure Green Hydrogen pilot plant

The plant produces Green Hydrogen from the electricity generated by the existing 500kW Solar plant using a 100 kW Anion Exchange Membrane (AEM) Electrolyser array. The use of AEM technology is being used for the first time in India.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/OC8lZs7

Tuesday, April 19, 2022

OPEC share of India's oil imports steadies after six-year slump

Total crude imports by the world's third biggest oil importer and consumer rose by an annual 7.2 per cent to 4.26 million barrels per day (bpd) in the year to March 31, ship-tracking data from industry sources showed.

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Rising sales singe city gas companies' profitability

For the first time since their inception, the companies are unhappy at increasing sales, which means sourcing expensive liquefied natural gas (LNG) to meet demand, industry insiders said. The costly natural gas also means slowing their expansion plans.

from Energy-Industry-Economic Times https://ift.tt/R9cGAfn

Coal inventory of power plants at critical level, says Nomura

In its report ‘India: A power crunch in the making’, it said coal stocks at power plants have dwindled, as power demand has shot up without a coincident rise in coal supply.

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Energy conservation norms may be must for residential buildings

The proposal, part of India's commitment to reduce energy intensity by 45% by 2030, will require amendment in the Electricity Conservation Act and is being sent to the Union Cabinet for approval.

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Monday, April 18, 2022

Policy challenges will hinder India's Net Zero progress: Moody's

India’s planned emissions reductions will be conditioned upon low-cost, long-term private capital, according to Moody's.

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Five states come on board for discom revival plan

They will also assume nearly ₹45,000 crore losses of these distribution utilities under a central scheme to address power sector stress, sources told ET.

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Russian oil: Indian refiners to tank up, eye bigger discounts in strategy shift

State refiners have bought more than 15 million barrels of Russian crude from traders as well as Russian firms since the outbreak of war, paying in dollars using regular banking channels, they said. The Ukraine invasion began February 24.

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Odisha to supplement health institutions with rooftop solar power

Emphasizing on green energy and reduction of carbon footprint, the chief secretary accorded in principle approval to the proposal of setting up solar power panels in health institutions.

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Sterlite Power acquires 64.98% stake in MTCIL for fiber network in Maharashtra

MTCIL is a Public Private Partnership for OPGW (Optical Ground Wire) Fiber networks operating on a boom (build, own, operate and maintain) model.

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Russian oil: PSUs to tank up, eye bigger discounts

State refiners have bought more than 15 million barrels of Russian crude from traders as well as Russian firms since the outbreak of war, paying in dollars using regular banking channels, they said. The Ukraine invasion began February 24.

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Gujarat, Tamil Nadu, Haryana & Karnataka allow higher tariff for imported coal-based plants

Daily electricity demand has touched 4,350 million units in the first two weeks of April, a record of sorts as the average during the same month in 2021 was 3,900 million units. Coal stocks at thermal power stations are low at 35% of the normative requirement.

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Sunday, April 17, 2022

Finance minister Nirmala Sitharaman leaves for US to attend World Bank, IMF meetings

She will also hold one-onone meetings with CEOs from the semiconductor, energy and other sectors of priority for the government.

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Rajasthan again tops in renewable energy capacity among states

As per the latest report by the Union ministry of new and renewable energy, Rajasthan has topped in the green energy capacity combining solar, wind, and smaller bio-power sector.

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Godavari Biorefineries to launch Rs 700 cr IPO at the right time

Godavari Biorefineries Ltd CEO and Managing Director Samir Somaiya told PTI that the company has already received the market regulator Sebi's final approval for its initial public offering (IPO).

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Coal supply to Maharashtra increasing with rise in power demand: Centre

The ministry stressed that there may be issues of gas-based generation and of hydro power, but from the coal perspective there is "no criticality".

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Cairn bets on shale, sees 10% drop in India's oil imports at peak output

Shale is a type of natural gas trapped in fine-grained sedimentary rocks called shales. Cairn's onshore Rajasthan oilfields - Mangala, Bhagyam and Aishwariya (MBA) - are its flagship and most prolific assets. They jointly produce up to 20% of India's entire crude output.

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Oil India cyberattack: IB & central cyber security agencies join probe

Two representatives from each of these agencies reached Duliajan on Friday to join the probe being conducted by the local police.

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CNG, PNG prices spike; Oil ministry awaiting updated data for gas allocation

CGD operators have been requesting the ministry to maintain the gas supply to the sector under no cut category but the ministry has not made any fresh allocation for over a year now.

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Mega refinery project: Central committee to visit Maharashtra soon to choose site

Union Minister Nitin Gadkari has pitched for the establishment of the RPC in Vidarbha, as the project, which was earlier planned in Ratnagiri, was getting stalled due to various reasons.

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ONGC uses new drilling technology in Tripura

In Tripura, natural gas is used only for producing power generation in two mega power plants - NEEPCO's RC Nagar plant and OPTC's Palatana power plant. The demand for gas is less in the state due to lack of industrial consumption.

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Himachal CM Jai Ram Thakur announces 125 units of free power

Presiding over the 75th state-level Himachal Day function at the historic Chowgan here, the Chief Minister thanked the Prime Minister for his message to the people of the state on the historic day.

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Saturday, April 16, 2022

Oil Ministry freezes gas allocation, prices of CNG, PNG spike

CGD operators have been requesting the ministry to maintain the gas supply to the sector under no cut category with the last two months' average to ensure the demand for both CNG and piped natural gas (PNG) for homes is fully met but the ministry has not made any fresh allocation for over a year now, three sources aware of the matter said.

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32 IAS officers shifted in Punjab; A Venu Prasad gets charge of renewable energy

A Venu Prasad who is ACS to chief minister has been given an additional charge of new and renewable energy resources, relieving Dalip Kumar from this charge.

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Solar Man of India Chetan Singh Solanki advocates Energy Swaraj

The professor from IIT-Bombay is on unpaid leave to undertake the energy swaraj yatra, which will conclude in 2030.

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Friday, April 15, 2022

RRECL, THDC sign MoU to set up 10,000 Mw solar park in Rajasthan

ACS Energy and CMD RRECL Subodh Agarwal who was in Rishikesh to ink the agreement said that the development of the park will create 10,000 direct jobs.

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India should increase renewable energy usage to cut oil dependence: Tarun Kapoor

The share of electricity in India's final energy consumption is set to rise from the current 17% to 24% by 2040, according to a key scenario by the International Energy Agency.

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India should increase renewable energy usage to cut oil dependence: Tarun Kapoor

The share of electricity in India's final energy consumption is set to rise from the current 17% to 24% by 2040, according to a key scenario by the International Energy Agency.

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Fuel price hike: Oil minister Puri says states should cut VAT to give relief to consumers

Asked by reporters about the rising prices of petrol and diesel, the minister said the government's effort is to keep the prices under control.

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Maharashtra minister points to impending coal, power crisis

The Maharashtra Minister further said that as per the contract with the Centre, the state is entitled to get APM gas. He further claimed that the Centre had not provided the state with the necessary APM gas, adding that "If load-shedding has to be resolved then coal, water and gas are needed."

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Thursday, April 14, 2022

Power centres at renewable energy dept may affect decision making

Following With the bureaucratic reshuffle on Wednesday, there are now more power centres in the renewable energy corporation with investors and power developers having to cover another window.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/61XIfMq

Petronet may look at building 4th LNG import terminal

Petronet LNG Ltd, the operator of the world's largest liquefied natural gas (LNG) import terminal, may look at setting up a fourth facility in the country to meet the rising energy demand in Asia's third-largest economy, its CEO A K Singh said. Petronet operates a 17.

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Five states come on board for discom revival plan

They will also assume nearly ₹45,000 crore losses of these distribution utilities under a central scheme to address power sector stress, sources told ET.

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There's still a way to reach global goal on climate change

If nations do all that they've promised to fight climate change, the world can still meet one of two internationally agreed upon goals for limiting warming.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/WViE0kF

Ethanol production grew in 2020-21

Production of ethanol has increased from 173 crore litres in ESY 2019-20 to 302 crore litres during ESY 2020-21 (October 2020 to Sept 2021), government data showed.

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Indian backdoor for Russian oil weakens calls for European ban

If Europe adopts official sanctions on Russian crude and fuel, prices will likely surge, and India could profit even more from refining Russian oil to fuels it then sells to Europe for more money.

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Wednesday, April 13, 2022

Delhi: IGL hikes CNG prices by 2.5 Rs per Kg from today



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Adani Green Energy becomes 8th most valued firm; overtakes Bajaj Finance, HDFC

Adani Green Energy commanded a market valuation of Rs 4,48,050.99 crore on BSE to take the eighth spot on the top-10 list.

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BPCL to invest Rs 200 cr to set up 100 fast EV charging corridors with 2,000 stations

The company has recently opened its first EV charging corridor along the Chennai-Trichi-Madurai highway with one charging unit.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/QL2Nafs

IGL hikes piped gas rates in Delhi, Noida. Check the latest price

According to IGL, PNG will cost Rs 45.86 per unit in Delhi and Rs 45.96 per unit in Noida, Greater Noida and Ghaziabad. While people in Gurugram will have to pay Rs 44.06 per SCM.

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Indian backdoor for Russian oil weakens calls for European ban

If Europe adopts official sanctions on Russian crude and fuel, prices will likely surge, and India could profit even more from refining Russian oil to fuels it then sells to Europe for more money.

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

Centre not thinking about tax cut for fuel price relief as of now

Retail prices have remained unchanged for a week, after rising about ₹10 per litre between March 22 and April 6. Domestic and international prices still have a gap of about ₹8 per litre on petrol and ₹18 on diesel at the current level of crude

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Tuesday, April 12, 2022

Assam: Oil India headquarter at Duliajan is under 'cyber attack'



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India's IOC buys 4 mln barrels of crude via tenders: Sources

The refiner bought 2 million barrels of Murban crude and another 2 million of West African crude, they added. It was not immediately clear which West African grades IOC had purchased.

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India, US to restart commercial dialogue, CEO forum later this year: Blinken

Blinken made this announcement at a joint news conference with Defence Secretary Lloyd Austin along with their Indian counterparts --External Affairs Minister S Jaishankar and Defence Minister Rajnath Singh after the 2+2 Ministerial here.

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India's Electric Vehicles segment presents Rs 3 lakh cr opportunity in next 5 yrs

The electric vehicles (EVs) segment presents an opportunity of almost Rs 3 lakh crore for various stakeholders in India during the next five years through fiscal 2026.

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

Energy company Genneia says it will invest $200 mln in renewable energy parks

The company, which has already invested $1.2 billion in renewable projects over the last five years, aims to exceed 1 gigawatt of installed capacity after the investment.

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

HC agrees to hear Tata Power on issue of challenge to transfer of power to Haryana from Delhi

The Delhi High Court on Tuesday agreed to hear Tata Power Delhi Distribution Ltd in connection with BSES Rajdhani Power Limited's challenge to an order of the Ministry of Power on the transfer of power generated by a Dadri thermal station from the national capital to Haryana.

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RIL-BP yet to raise fuel supply to outlets

Another retailer said many have requested RIL to bring in a quota system to minimise sales. "We are trying to ensure that we at least get some fuel volume daily and our outlets would be functional. We hope RIL accepts our requests. We are losing clientele with non-functional outlets. We have overhead expenses to be paid," said yet another Jio-BP dealer.

from Energy-Industry-Economic Times https://ift.tt/F3zjBWm

Power sector lenders weigh takeover of stressed assets

Power sector financiers Power Finance Corporation (PFC) and REC Ltd had earlier discussed the possibility of creation of an asset management company (AMC) to take over viable projects through bidding or change of management route. A senior government official, however, said it has been decided to have a case-by-case resolution rather than creating an AMC.

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Monday, April 11, 2022

No news from petrol pump, fuel prices unchanged for 6th straight day

The fall in the benchmark prices have been triggered by a combination of factors easing apprehensions over the market tightening further.

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OPINION: Solar power is winning from the energy crisis. Wind is losing

In contrast to the unflagging boom in solar energy, wind generation appears to be hitting the buffers.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/ZVe1vRY

Gujarat tops NITI Aayog's State Energy and Climate Index-Round 1

Gujarat was followed by Kerala and Punjab, according to the government think tank's report. States like Chhattisgarh, Madhya Pradesh and Jharkhand were placed at the bottom.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/jZFXQL7

PM Modi-Biden talks 'constructive', India not violating any sanctions by importing Russian oil: US

However, Joe Biden told PM Modi that it's not in India's interest to increase every import from Russia. "Beyond that, I'd let Indian leaders speak for themselves," said White House Press Secretary Jen Psaki on if US President was seeking a promise from PM Modi that he wouldn't look to increase oil purchases from Russia.

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India's March fuel demand hits 3-year high, petrol sales at all-time peak

India's fuel demand rose 4.2% in March compared with the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday.

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Stringent financing norms to hit PSU power companies: Banks

Inability to access bank funds could adversely impact these power utilities already facing high electricity demand.

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Sunday, April 10, 2022

Schneider plans to double its exports from India over next 4 years: CEO

"The priority is to supply clean energy to everybody in the country because energy is the passport to a decent life after education. Our priority is then to participate in all the major action plans of India, like self-sufficient India around industry and energy."

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Hydrogen crucial to decarbonize hard-to-abate sectors: Amitabh Kant

Many sectors such as iron ore and steel, fertilisers, refining, methanol and maritime shipping emit major amounts of CO2, and Hydrogen will play a critical role in enabling deep decarbonisation.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/p92wr5E

Let transport system operator manage LNG pipelines: Shell

The government had proposed setting up a TSO last year to manage the common carrier capacity of natural gas pipelines. The oil ministry and the Petroleum and Natural Gas Regulatory Board are working out the structure of TSO and the rules to guide its functioning.

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Emerging tech in the energy, food and transport sector can help counter climate change

Here are some emerging technologies in the food, transport and energy sectors with great potential to address the climate challenge.

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

Biden will speak to Modi as U.S. warns India on imports of Russian energy

Daleep Singh, U.S. Deputy National Security Adviser for International Economics, said the United States will not set any "red line" for India on its energy imports from Russia but does not want to see a "rapid acceleration" in purchases.

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No dues owed by BSES Rajdhani, BSES Yamuna to NTPC for power supply

The national capital's two main power distribution companies, BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL), have no dues owed to the National Thermal Power Corporation (NTPC).

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/h19qBHu

Discoms' outstanding dues to gencos rise 17.3 pc to Rs 1,23,244 cr in April

In April 2022, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stood at Rs 1,04,885 crore as against Rs 84,376 crore in the same month a year ago.

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Shell to set up LNG stations, bullish on gas market in India

The government is pushing the use of LNG as fuel for long-haul transportation. It is targeting 50 stations in Gujarat, Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Rajasthan in next three years and ultimately 1,000 outlets.

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Saturday, April 9, 2022

Investors urge governments not to ditch climate for energy security

United Nations climate scientists issued new warnings this week on the need to quickly scale up renewable energy and roll back support for emissions-intensive fossil fuels.

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Meghalaya govt to power its remote health centres using solar technology

​The state government said it plans to cover all rural health centres under the solar power scheme to improve the functioning of these centres and ensure that last mile delivery in the health sector is achieved using solar technologies.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/i9g3RFc

CNG price hiked by Rs 2.5 per kg, check new rates

For consumers in Ghaziabad, Noida and Greater Noida, CNG will now cost Rs 69.18 per kg, while in Gurugram, it will cost Rs 74.94 per kg.

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21 bids for licence to retail CNG to automobiles and piped cooking gas to households in five areas

The Petroleum and Natural Gas Regulatory Board (PNGRB) had offered five Geographical Areas (GAs), spread over 27 districts in five states, in the 11A city gas distribution (CGD) bid round. Bids for the five GAs were received on April 6, PNGRB said in a statement. "21 bids have been received from 7 bidders with no single bid in any GA."

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Friday, April 8, 2022

No news from petrol pump, fuel prices unchanged for third straight day

RBI in Friday's policy revised its inflation forecast upwards and growth projections downwards across all quarters for FY23, amidst the escalated concerns over Ukraine and surge in global commodity prices.

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NITI Aayog to release State Energy & Climate Index on April 11

The State Energy and Climate Index (SECI) Round-1 aims to rank states and UTs on various parameters.

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Investors urge governments not to ditch climate for energy security

United Nations climate scientists issued new warnings this week on the need to quickly scale up renewable energy and roll back support for emissions-intensive fossil fuels.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/z4w8RX9

NITI Aayog likely to roll out 'battery swapping policy' by December

Government think tank NITI Aayog is likely to roll out a 'Battery Swapping Policy' by December this year, a senior government official said on Thursday.

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Thursday, April 7, 2022

Government exploring options to get affordable crude, says finance ministry

It added that the present level of global crude oil price, should it persist for long, may come in the way of India achieving a real economic growth rate north of 8% for FY23.

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West coast refinery project: UN advisor questions India's commitment to climate goals

The remarks came amid a revival in discussions about the west coast refinery project, touted as the world's largest such complex, which is to be built by state-run refiners in association with Saudi Arabian oil major Aramco.

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1,500-1,600 MW wind energy capacity to be added in 2022-23: Ind body

Wind energy capacity addition during 2022-23 is expected to be about 1,500-1,600 MW and will be about 2,000-2,500 MW in the next year, a top wind turbine industry body official said on Thursday.

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Shakti Pumps gets maiden patent for unidirectional solar water pump

According to the provisions of the Patents Act 1970, the patent has a validity of 20 years from the date of filing.

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Maha, NTPC to set up ultra-mega 2500-MW solar power park

The Maharashtra State Power Generation Co (MAHAGENCO) and National Thermal Power Corporation will form a joint venture to set up an "ultra-mega solar park" in the state to generate 2,500 MW green power, officials said here on Thursday.

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Maha, NTPC to set up ultra-mega 2500-MW solar power park

The Maharashtra State Power Generation Co (MAHAGENCO) and National Thermal Power Corporation will form a joint venture to set up an "ultra-mega solar park" in the state to generate 2,500 MW green power, officials said here on Thursday.

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Petrol and diesel prices remain unchanged for second straight day in Friday relief

The finance ministry see crude stymying 8% growth in FY23 if crude prices persist at the current level for too long. The government is exploring all viable options, including import diversification, to procure crude at an affordable price.

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91 million tonnes coal stock can meet power needs for 45 days, says Power Minister RK Singh

Power stations have 25 million tonnes while sheds and washeries have another 5 million, taking the total availability as of now to 91 million tonnes. This is enough to run power stations for over 45 days even if consumption by the thermal units is pegged at the highest level of 1.9 million tonnes per day last October, officials said. Getting this coal to utilities will be crucial to ensuring power availability, said a senior government official.

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Wednesday, April 6, 2022

Chinese hackers target India's power grid, collect intelligence from North Indian centers: Report

The hackers focused on at least seven “load dispatch” centers in northern India that are responsible for carrying out real-time operations for grid control and electricity dispersal in the areas they are located, near the disputed India-China border in Ladakh.

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