Assam to generate 1,000 MW power: CM Himanta Biswa Sarma

"Efforts are on to meet the demand through exploring the hydroelectric and solar power potential. The state is heading towards generating 1,000 MW power," Sarma said in a statement.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/D5orl9A

NE India's biggest solar power plant comes up in Assam's Sivasagar

Northeast India's biggest solar power project, with a generation capacity of 70 MW, was inaugurated by Assam Chief Minister Himanta Biswa Sarma at Amguri in Sivasagar district on Tuesday.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/Us5YPKD

Indian EV makers to soon follow BIS standards for batteries amid fires

Acknowledging an urgent need, the sources in the ministry said that it is in touch with the battery industry stakeholders to bring out BIS guidelines for EV batteries, as initial reports have found serious defects in the batteries, including designs of the battery packs and modules.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/QE3SxwB

OPEC mulls excluding Russia from oil-production deal

Exempting Russia could pave the way for Saudi Arabia, the United Arab Emirates and other OPEC members to produce more to meet the production targets.

from Energy-Industry-Economic Times https://ift.tt/rs10OqX

AEP's SWEPCO seeks approval for wind, solar projects totaling 999 MW

SWEPCO is seeking approval to acquire the 200 MW Mooringsport solar project in Caddo Parish, Louisiana, the 200.6 MW Diversion wind project in Baylor County, Texas, and the 598.4 MW Wagon Wheel wind project spanning Logan, Garfield and Noble counties in Oklahoma, it said.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/i9FXOrm

'India must significantly step up clean energy subsidies to meet 2030 targets'

'Mapping India's Energy Policy 2022: Aligning Support and Revenues with a Net-Zero Future' is a joint independent study done by the Council on Energy, Environment and Water (CEEW), a non-profit research body, and the International Institute for Sustainable Development (IISD).

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/zFKZ9Ud

'India must significantly step up clean energy subsidies to meet 2030 targets'

'Mapping India's Energy Policy 2022: Aligning Support and Revenues with a Net-Zero Future' is a joint independent study done by the Council on Energy, Environment and Water (CEEW), a non-profit research body, and the International Institute for Sustainable Development (IISD).

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/1tDki0F

India puts oil pipeline monetisation plan on hold after PSU resistance

The government expected the companies to transfer some of their pipelines to separate infrastructure investment trusts (InvITs) and sell minority stakes in those to raise ₹17,000 crore.

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

Energy transition to RE must be just, equitable and ecologically responsible: Experts

"As the renewable energy sector grows exponentially, fueled by an urgent need to meet peoples' energy needs cost-effectively and address the planet's climate emergency, it is essential that the RE sector and its allied industries act responsibly.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/oJCpW7i

'No purchase' by petrol pump dealers on Tuesday to demand higher commission

"Evaporation losses have increased proportionately. Also, the overhead expenses like bank charges, electricity bills, salaries etc. have increased manifold during the last five years. Our constant demand to revise dealer commission has been overlooked by the OMCs (Oil Marketing Companies). By doing so, OMCs are making their own network financially unviable," the statement said.

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

ONGC board has 'best persons' in upstream sector to head company: Chairman

ONGC is without a regular chairman since March-end 2021. Mittal, who is the second interim chairman since then, is due to supperannuate in August but the government hasn't yet invited applications to find a permanent replacement.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/pYeRH4C

Coal India set to ease FSA norms for coal import, levy fee

The fuel supply agreements approved by the Union Cabinet in 2013 provide that CIL can import coal to meet its contractual commitments. The company is at present able to meet 100% of the requirements and cannot import coal under the current rules.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/wLjqh4Y

Energy transition to RE must be just, equitable and ecologically responsible: Experts

"As the renewable energy sector grows exponentially, fueled by an urgent need to meet peoples' energy needs cost-effectively and address the planet's climate emergency, it is essential that the RE sector and its allied industries act responsibly.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/Cs7XaYG

Sterlite Power receives orders worth Rs 1600-crore in January-April 2022

In the domestic market, orders have been secured from customers like Power Grid Corporation of India (PGCIL), Damodar Valley Corporation (DVC), and West Bengal State Electricity Transmission Company Limited (WBSETCL) in the MSI (Master System Integrator) segment.

from Energy-Industry-Economic Times https://ift.tt/GtVu7LF

OPINION: Policy design for scaling clean hydrogen supply and demand

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/ZgNxbr5

'Rare' structural breach in scooter's battery pack behind fire: Ather Energy

The service crew apparently subjected the Ather 450 electric scooter to a high-pressure wash to remove dust and mud that had accumulated on the scooter over time.

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

Coal India to import for first time in years as power shortages loom

ET had on May 22 reported that state governments and power project developers have asked the government for coal imports through an aggregating agency, preferably Coal India, for ease in procurement and cost pass through, sources said.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/tdHT2pv

Fuel cost pass-through: Govt panel allows 6 gencos to raise charges by up to 20 paise a unit

The Centre had invoked the emergency clause provided under Section 11 of the Electricity Act to ask 13 projects to import coal and start generation as the country faced record electricity demand last month.

from Energy-Industry-Economic Times https://ift.tt/e9hYbFi

ONGC posts 32% jump in Q4 profit

Inadequate global supplies and the war in Ukraine have driven up oil prices to above $100 a barrel for the past three months, boosting gains for producers like ONGC. The state-run company's oil and gas production, however, fell 2.9% and 4.4% respectively during the quarter from a year earlier. The company has declared a final dividend of ₹3.25 per share. The total dividend for 2021-22 will be ₹10.50 per share with a total payout of ₹13,209 crore.

from Energy-Industry-Economic Times https://ift.tt/siT7MF4

BPCL to expand capacity with Rs 30,000 crore

"To remain competitive in the dynamic market and be future ready, BPCL has planned major investment in petrochemicals projects in next five years," said Sanjay Khanna, Director, Refineries, BPCL.

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

India heading towards another power crisis in July-August: Report

"The data compiled from official sources suggest that the coal power plants are in no position to address even a minor spike in the power demand and there is a need to plan for coal transportation well in advance," Centre for Research on Energy and Clean Air's (CREA) latest report 'Failure to load: India's power crisis is a coal management crisis'.

from Energy-Industry-Economic Times https://ift.tt/46gG8pv

Government sets target to achieve 100 MT coal gasification by 2030

"Coal gasification is the future. It is considered a cleaner option compared to the burning of coal. Gasification facilitates utilization of the chemical properties of coal," Tiwari said while addressing the National Mineral Congress held in Bhubaneswar.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/7vmxFga

MFL to set up wind-solar hybrid project with ReNew Green Energy

The collaboration marks the entry of MFL into the renewable energy space and highlights its commitment towards green energy.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/DXinf6E

AGEL arm commissions 390 MW wind-solar hybrid power plant in Jaisalmer

The hybrid power plant harnesses the full potential of renewable energy by resolving the intermittency of the generation and provides a more reliable solution to meet the rising power demand.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/lFw18PM

France's EDF focusing on tech localisation with India

EDF is getting ready to launch its nuclear engineering platform to be located in Mumbai, the CEO said.

from Energy-Industry-Economic Times https://ift.tt/zOU4xI1

Is ethanol a sweet solution for India? New govt road map cheers industry but questions linger

The government's roadmap for blending ethanol with petrol has cheered sugar manufacturers and could trim oil import bills. But its role in a renewable energy future needs more clarity. There are several challenges and questions.

from Energy-Industry-Economic Times https://ift.tt/GrzgC4o

Additional 1500 MW of power is in pipeline from India to Bangladesh-Union External Minister Dr S. Jaishankar

Addressing a “NADI (River) Conclave 2022” in Guwahati, the External Minister said that inside Bangladesh, India is collaborating on a series of road projects, including improving the Ashuganj River Port-Akhaura Land Port Road under an LoC of more than US$ 400 million.

from Energy-Industry-Economic Times https://ift.tt/VNAD4d3

IIFCL open to raise fund via green bonds to finance renewal energy projects

Green bonds are just like any regular bond with a key difference that the money raised from investors is used to finance projects that have a positive environmental impact such as renewable energy and green buildings.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/JY9QwL8

Maharashtra: Solar plants to generate 12kMW power in 6 years

The state presently generates up to 9,000 MW from various thermal units and hydro and solar plants. This is besides power purchase agreements with private suppliers from whom it procures around 8,000 MW daily.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/O0DAigh

MNRE cautions against fake websites for PM-KUSUM

MNRE is implementing Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan (PM-KUSUM) scheme, under which subsidy is provided for setting up standalone solar pumps and for solarization of agricultural pumps.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/x1I72cE

SJVN inks pact to supply 200 MW solar power to discoms in Bihar

According to the statement, the Power Purchase Agreement has been signed between SJVN & Bihar State Power Holding Company Ltd (BSPHCL) along with its two DISCOMs -- North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL).

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/FeyXYO1

India seen facing wider coal shortages, worsening power outage risks

The energy-hungry nation expects local coal supply to fall 42.5 million tonnes short of demand in the September quarter, 15 per cent higher than previously projected, due to higher growth in power demand and lower output from some mines.

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

Power Ministry modifies norms for pass through of cost of imported coal

The ministry, in a statement, said domestic coal-based power plants whose tariffs have been determined under Section 63 of the Electricity Act have raised concerns about the pass through of the increased cost in tariff if imported coal is used.

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

MNRE cautions against fake websites for PM-KUSUM

MNRE is implementing Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyaan (PM-KUSUM) scheme, under which subsidy is provided for setting up standalone solar pumps and for solarization of agricultural pumps.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/Wi7TF3X

SJVN inks pact to supply 200 MW solar power to discoms in Bihar

According to the statement, the Power Purchase Agreement has been signed between SJVN & Bihar State Power Holding Company Ltd (BSPHCL) along with its two DISCOMs -- North Bihar Power Distribution Company Ltd (NBPDCL) and South Bihar Power Distribution Company Ltd (SBPDCL).

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/C3qlBsI

UAE, India discuss economic opportunities of energy transition

The UAE-India cooperation in climate aims to support India's ambition to achieve 450 gigawatts (GW) of renewable energy installed capacity by 2030 and aligns with the UAE's ambitions to expand its low and zero-carbon energy capabilities.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/HSGkrv0

Centre forcing states to buy imported coal as cover-up of short supply of dry fuel: AIPEF

"The central government is encroaching on the state authority and forcing them to buy imported coal to cover up its own inefficiencies in supplying domestic coal to thermal plants," AIPEF spokesperson V K Gupta alleged.

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

Goa's ferry boats to operate on solar power

"Traditionally, ferry boats are operating (on diesel)... we want innovations in that," Goa River Navigation Department minister Subhash Phal Dessai said on Thursday.

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

Tata Power Renewable Energy commissions 100 MW solar project in Maharashtra

According to the statement, the installation comprising over 4,11,900 monocrystalline PV modules is expected to reduce around 234 million tonnes of CO2 annually.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/29J63ve

RIL, HPCL-Mittal Energy, Jindal group among JBF Petro suitors

Separately, 98% of the lenders of JBF Industries exited by selling their loan exposure to CFM ARC last year. Listed JBF Industries does not directly own any stake in JBF Petrochemicals.

from Energy-Industry-Economic Times https://ift.tt/d5Cmnbz

ONGC looks to sell stake to global companies

ONGC has invited expression of interest (EoI) from global oil and gas companies "for firming up a viable strategy" in the development of Deen Dayal West (DDW), a high-pressure high-temperature field in the Bay of Bengal, and ultradeep discoveries in Cluster-III of KG-DWN-98/2 block in the KG Basin. Parties can submit their interests by June 16.

from Energy-Industry-Economic Times https://ift.tt/bshy3Br

BPCL’s strategic divestment called off as most bidders express inability to participate

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

Right capital key to expanding renewable space, achieving climate goals: Leaders at WEF

Speaking at a session at the World Economic Forum Annual Meeting here, ReNew Power chief Sumant Sinha said the reality is we all are in the midst of this massive climate change and it is not just true for us, or India but the entire world.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/sPuC2gF

Jagan Mohan Reddy: Andhra Pradesh set the trend in green energy

Andhra Pradesh has become the torch-bearer of green energy as it is hosting the largest integrated pumped storage renewable energy project in the world, chief minister YS Jagan Mohan Reddy said in Davos on Tuesday.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/uE0YDBb

Right capital key to expanding renewable space, achieving climate goals: Leaders at WEF

Speaking at a session at the World Economic Forum Annual Meeting here, ReNew Power chief Sumant Sinha said the reality is we all are in the midst of this massive climate change and it is not just true for us, or India but the entire world.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/xbDZ6uV

India’s renewable energy journey: Two steps forward, one step back

The capacity growth in solar still falls far short of the average annual build rate of 30GW that is required to achieve the target of 300GW of solar capacity by 2030. The wind power sector has faced even bigger policy headwinds.

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

India joins US-led coalition to clean up carbon-intensive industry

The coalition on Wednesday announced a major expansion to more than 50 corporate members worth about $8.5 trillion and a total of nine leading governments, including the US, covering over 40 per cent of global GDP.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/MejtUP1

Rise in module, steel and freight costs to hit 5 GW solar capacity under implementation: Crisil

The projects totaling 5 GW were bid at relatively low tariffs of less than Rs 2.35 per kilowatt hour (kWh) at a time when module prices were softening and commodity prices benign. These projects may see their ROE falling by as much as 140-180 basis points to around 7 per cent, it said.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/1v35zSL

Power Minister asks Gencos to waive late fee on discom dues

As per the proposed scheme, a one-time relaxation is being considered to be given to all the discoms wherein the amount outstanding, including principal and late surcharge, on the date of notification of the scheme will be frozen, an official statement said.

from Energy-Industry-Economic Times https://ift.tt/9F5i40p

Tata Motors’ Chikhali plant to get largest solar project

In a press release, the firms said the completion of the project, 10MWp of which has already been installed, would make the Chikhali rooftop solar power facility the largest on-site solar project in India.

from renewable/thiruvananthapuram-to-be-developed-as-solar - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/xvJRqNC

Tata Motors’ Chikhali plant to get largest solar project

In a press release, the firms said the completion of the project, 10MWp of which has already been installed, would make the Chikhali rooftop solar power facility the largest on-site solar project in India.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/f0trphg

India's Andhra state in $16 billion pacts involving Adani, GIC-backed Greenko: officials

The investment commitments were struck with Adani Green Energy, GIC-backed Greenko and India's Aurobindo Realty & Infrastructure during the World Economic Forum at Davos, the officials told Reuters on Tuesday.

from renewable/thiruvananthapuram-to-be-developed-as-solar - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/KMdYXef

ReNew Power moots Rs 50,000 crore investment in renewables, battery, green hydrogen units in Karnataka

ReNew Power chairman Sumant Sinha signed the MoU with Karnataka’s additional chief secretary (Industries) EV Ramana Reddy in the presence of chief minister Basavaraj Bommai, Industries Minister Murugesh Nirani and IT/BT Minister CN Ashwath Narayan at the Karnataka Pavillion at the world economic forum (WEF) in Davos.

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

US Treasury official heads to India to discuss Russian oil purchases

Elizabeth Rosenberg, the assistant secretary for Terrorist Financing and Financial Crimes, will visit New Delhi and Mumbai through Thursday, a Treasury spokesperson said.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2F74dj3

ONGC becomes 1st gas producer to trade on IGX

"ONGC has become the first exploration and production (E&P) company in India to trade domestic gas on Indian Gas Exchange. The first online trade was made on May 23, 2022 by ONGC Director (Onshore) & In-charge Marketing Anurag Sharma on India's first automated national level Gas Exchange, IGX," it said.

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Hunt begins for a private sector captain to run ONGC

​​The search-cum-selection committee panel was set up in February to choose a chairman-cum-managing director (CMD) at ONGC and is planning to seek out private sector executives as well.

from Energy-Industry-Economic Times https://ift.tt/sF68b5u

Nayara fuel dealers to meet Mgmt today

Dealers are seeking a revision in commission as cost of inventory and operating expenses has increased more than 35% since the last revision in 2017. They are demanding that Nayara provide multiple options to choose from if they need to reduce the retail sale of products. Also, dealers be allowed to close the business and de-lease the retail outlet and refund the investment on depreciated value as defined in franchise Nayara.

from Energy-Industry-Economic Times https://ift.tt/6A4vXnV

Fuel dealers to lose lakhs after excise duty cut

The Centre had on November 3, 2021, announced a reduction in excise duty on petrol by ₹5 a litre and on diesel by ₹10 a litre. This was expected to boost consumption, mitigate inflation, and bring down input costs for farmers and businesses. Since private fuel dealers of Reliance Industries-BP Plc and Nayara Energy have been facing a rationing of fuel, they said losses this time were lesser than November as they did not have much fuel to stock up.

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

Govt may invoke emergency powers to let power producers step out of PPAs

The government would allow these plants to sell electricity on the power exchanges if the states they have PPAs with do not buy costlier electricity generated by them, people aware of the deliberations told ET. The proposed mandate will ensure these projects operate and sell to distribution companies under their existing contracts or sell on power exchanges if power retailers refuse offtake due to higher costs.

from Energy-Industry-Economic Times https://ift.tt/ay4E9n7

Aramco CEO warns of global oil crunch due to lack of investment

"The world is running with less than 2% of spare capacity. Before COVID the aviation industry was consuming 2.5 million bpd more than today. If the aviation industry picks up speed, you are going to have a major problem," Nasser told Reuters on the sidelines of the World Economic Forum in Davos.

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

How India could have averted power crisis

In April, India witnessed acute power shortage due to unavailability of coal supplies, with more than 100 million units (MU) of energy shortage on eight days over the course of the month.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/xZ10Qgf

IREDA sanctioned Rs 14,000 crore loans for renewable energy projects in Maharashtra

In his keynote address, Pradip Kumar Das, CMD, IREDA, urged Maharashtra's industry leaders and investors to pay attention to Renewable Energy (RE) sector and invest in the RE projects that are not only generating clean energy but also reducing Co2 emissions and improving quality of life.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/zYP9mao

Burden of fuel excise cut entirely on Centre, says FM Nirmala Sitharaman

Some opposition leaders including former finance minister P Chidambaram alleged that the duty cuts would reduce the share of states in central taxes. However, Chidambaram on Sunday retracted his statement, saying the cut in the levies accrues to the central government alone.

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

Fuel dealers claim they are under pressure to curb sales, caution state-run OMCs against supply cuts

In a letter addressed to oil industry coordinator, which is BPCL, Consortium of Indian Petroleum Dealers, an association of fuel retail dealers, claimed they are under pressure to keep petrol and diesel sales under control and said it is afraid the situation may lead to fuel shortage at retail outlets and cause law and order problems.

from Energy-Industry-Economic Times https://ift.tt/yFPA9uJ

Deliberate OPEC-plus actions keeping oil on the boil

​​To suggest that the current supplydemand is balanced at the existing production levels is aresponse oblivious to the kind of chaos that we are witnessing around the world. The US is already facing its highest level of inflation in 50 years and the US Federal Reserve has raised rates by 50 basis points.

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

New rates after excise duty cut: Petrol price slashed by Rs 8.69, diesel by Rs 7.05

Effective from today, petrol price in Delhi will cost Rs 96.72 a litre against Rs 105.41 a litre yesterday while diesel will cost Rs 89.62 a litre against Rs 96.67 previously.

from Energy-Industry-Economic Times https://ift.tt/hNV0JPH

Delhi's peak power demand clocks 7,070 MW, highest ever in May

This year, the expected peak power demand is 8,200 MW.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/5hCTv9Y

Rajasthan govt reduces VAT on petrol by Rs 2.48, diesel by Rs 1.16

Earlier on Saturday, in a significant step aimed at providing relief to people from high fuel prices, the Centre announced a reduction in excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre.

from Energy-Industry-Economic Times https://ift.tt/Md5lG3x

Govt cuts excise duty on Petrol by ₹8/l, Diesel by ₹6

The cut in excise duty on petrol and diesel will cost it ₹1 lakh crore per year in revenue, while the cooking gas subsidy bill will be ₹6,100 crore a year. The latest duty cut alone will make petrol cheaper by ₹9.5 per litre and diesel by ₹7 per litre, the government said. It will reduce fuel costs to almost the levels before the Russia-Ukraine conflict, which sent crude oil prices soaring.

from Energy-Industry-Economic Times https://ift.tt/BX7ydnp

Madurai railway div saves Rs48 cr by harnessing wind energy

With focus on harnessing renewable energy, Southern Railway erected five windmills in Kayathar (near Gangai Kondan/Kadambur railway stations) in Tuticorin district under Madurai division. The total capacity of wind mill plants in Southern Railway is 10.5MW each with a capacity of 2.1MW.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/1mz02y9

CNG price in Delhi hiked for 2nd time in 6 days; rates to go up by Rs 2 per kg to Rs 75.61

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

India could have averted power crisis with renewable goal on track: Report

In April, India witnessed acute power shortage due to unavailability of coal supplies, with more than 100 million units (MU) of energy shortage on eight days over the course of the month.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/037bh8A

BRICS countries may explore cooperation in solar energy, climate resilience: India

Addressing the meeting, Yadav highlighted the significance of BRICS nations in combating the global environmental and climate change challenges.

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

Power gencos to get easier loans for coal imports

The power ministry will ask Power Finance Corp (PFC) and REC Ltd to waive prudential norms for lending to power companies, specifically to buy imported coal for blending purposes as well as for running imported coal-based plants.

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

CNG price in Delhi increased by Rs 2 per kg to Rs 75.61 per kg, second hike in 6 days

The firm sees rates staying elevated in the near future due to high international prices of natural gas and the management was looking at cutting operational costs to soften the blow for consumers.

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

NTPC fourth quarter profit jumps 12.3 per cent to Rs 5,199 crore

Total income of the company also jumped 19 per cent to Rs 37,724 crore in the March quarter.

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

U’khand govt, BPCL sign MoU for growth of renewable energy

“Energy and tourism are the two major pillars of the state's development. Along with the economic development in the state, the demand for energy in industries and the domestic sector is increasing. The state government is trying its best to make Uttarakhand an energy surplus state. For this, solar energy is also being focused,” said the CM.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/24Rgjtz

Government in talks with Russia over cut-price oil deal: HPCL

India, the world's third biggest oil importer and consumer, is struggling like much of the rest of the world with inflation at multi-year highs, and is keen to cut its import bill and protect consumers from soaring fuel prices.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/7qVachZ

Rajasthan starts attracting solar module manufacturers

On April 24, the Board of Investments chaired by chief minister Ashok Gehlot cleared a proposal of Renew Power to set up a module manufacturing of 2000 megawatt capacity. Now, the company has again submitted proposal to expand the capacity by another 2000 MW.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/m8SlNbF

HPCL Q4 net drops 40 pc on losses due to holding fuel prices

HPCL Chairman and Managing Director Pushp Kumar Joshi, at a media call, said the company earned USD 12.44 on turning every barrel of crude oil into fuel in the fourth quarter of fiscal 2021-22 as against a gross refining margin (GRM) of USD 8.11 per barrel in the same quarter a year back.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://energy.economictimes.indiatimes.com/news/oil-and-gas/hpcl-q4-net-drops-40-pc-on-losses-due-to-holding-fuel-prices/91676166?utm_source=RSS&utm_medium=ETRSS

India lets power plants blend up to 30% imported coal to avoid a grid collapse

The power ministry had on April 28 asked all power plants to import 10% of the coal they need to build stocks amid projections of record power demand.

from Energy-Industry-Economic Times https://economictimes.indiatimes.com/industry/energy/power/india-lets-power-plants-blend-up-to-30-imported-coal-to-avoid-a-grid-collapse/articleshow/91675635.cms

Maharashtra: Mhaisal lift irrigation scheme to run on solar power

The state irrigation department has selected the Mhaisal lift irrigation scheme to run on solar power on a pilot basis. For the same, the German Bank authorities, after visiting Mhaisal in Sangli district, have given a nod to make low-interest rate finance available to the state irrigation department.

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Renewable energy key to Assam’s zero emission target by ’70

ICC and TERI, under the umbrella of the centre of excellence for CSR and sustainability conducted the roundtable conference to discuss and deliberate on various initiatives on India’s target of net zero emission by 2070 in the context of Assam.

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Cabinet amends biofuels policy, advances ethanol blending target to 2025-26

The Cabinet, headed by Prime Minister Narendra Modi, at its meeting on Wednesday approved the amendments to the National Policy on Biofuels, an official statement said.

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Subsidy hike, easing policy norms to push solar power

At present, individuals get an incentive of Rs 2 per unit only if at least 1,100 units per KW are generated in a year, and none if the generation is less. According to sources, this condition could be removed in the new solar policy that is currently being formulated, thereby permitting everyone to avail the benefits.

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Magenta ChargeGrid partners with Ather Energy to install EV charging stations

Under the partnership, integrated charging across two-three-four-wheelers will be provided at a single location, Magenta ChargeGrid said in a statement.

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ONGC weighs raising stakes in Russian oil despite Shell snub

ONGC, Bharat Petroleum, Indian Oil, and Oil India have also held preliminary discussions among themselves to evaluate buying BP's 20% stake in Russian energy giant Rosneft.

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

'Partial sale of government stake in BPCL may not work'

The government has been reportedly toying with the idea of selling part of BPCL's stake when it restarts the divestment process as it would lower the funding requirement for the potential acquirer. The government had offered to sell its entire 53% stake in BPCL.

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Domestic fuel prices won't rise in tandem with crude: Oil ministry official

State-run refiners have kept prices of petrol and diesel unchanged for more than a month even though international prices have been elevated and highly volatile. Companies are officially free to charge rates in line with international prices but are selling at rates that are about ₹25-30 per litre lower for diesel and ₹8-10 for petrol.

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Russia jumps to fourth position as oil supplier to India: tanker data

Russia's share in India's oil purchases rose to a record 6%, about 277,000 barrels per day (bpd) in April, up from about 66,000 bpd in March, when it was in 10th position, according to the data, which was supplied by trade sources.

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Maharashtra nod to Adani for 1,000-MW power line to boost Mumbai supply

The onus of compensation to owners of land acquired for substations at Aarey and Kudus will be on Adani Electricity Mumbai Infra Ltd. The project is expected to be completed by 2026, reports Chittaranjan Tembhekar.

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SC ruling on non-banks removes key regulatory overhang: Crisil

“The ruling has effectively reaffirmed regulatory sanctity for NBFCs registered with the RBI as a separate category of lenders, distinct from the traditional moneylenders,” said Krishnan Sitaraman, Senior Director, CRISIL Ratings.

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RB Prasad takes charge as Central Coalfields Ltd’s technical director

Welcoming Prasad on behalf of the CCL family, chairman-cum-managing director (CMD) PM Prasad said under Prasad, the CCL will achieve new milestones in coal production and meet growing energy requirements of the nation in the backdrop of the energy and coal scarcity.

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Andhra Pradesh: Kurnool to get world’s largest clean energy hub

The project will decarbonise 50GWh of electricity daily, offsetting 15 million tonnes of CO2 emissions per annum, which is equivalent to replacing five million cars with electric vehicles or 2.5 million hectares of afforestation.

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Andhra Pradesh: Kurnool to get world’s largest clean energy hub

The project will decarbonise 50GWh of electricity daily, offsetting 15 million tonnes of CO2 emissions per annum, which is equivalent to replacing five million cars with electric vehicles or 2.5 million hectares of afforestation.

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Compressed natural gas set to be cheaper by ₹5-6 per kg

This will help companies cut CNG rates by ₹5-6 per kg, an executive said, adding that the reduction would vary from operator to operator. GAIL's supply price is higher than $6.10 that city gas companies pay for domestic gas but is much lower than the cost they incur in importing gas.

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HP invites bids to run 27 hydro power projects

Of the 27 projects, 9 are in Chamba, 7 in Kinnaur, 5 in Kullu, 2 on the border of Chamba and Kangra, and one each in Kangra, Lahaul-Spiti, and Shimla, besides on border of Lahaul-Spiti and Chamba.

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India delivers over 400,000 MT of fuel to Sri Lanka

"12 shipments and more than 400,000 MT of fuel!! Latest consignment of #Diesel from #India under the credit line for fuel was delivered in #Colombo by Torm Helvig today," the High Commission of India in Colombo tweeted.

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Jet fuel prices hiked by 5% to new record high in Delhi

Fuel rates have been increased in India because energy prices globally have risen on the back of supply concerns following Russia's invasion of Ukraine and demand returning after being hit by the pandemic. India is 85 per cent dependent on imports to meet its oil needs. The rates are likely to differ from state to state, depending on the incidence of local taxation.

from Energy-Industry-Economic Times https://ift.tt/MkKVi53

Karnataka gets Rs 2,800 crore from energy sale

What is more, over the past 25 days alone, Karnataka pocketed a staggering Rs 800 crore from sale of surplus energy and – if the current trend persists – it is likely to rake in the cash over the next 10 months and earn more than it did in the last fiscal.

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Israel to test floating sun-tracking system to generate clean electricity

The solar pilot project will be carried out jointly by the Israeli company Xfloat, which developed the system, and Mekorot national water company, according to the statement.

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NTPC's 20 MW solar capacity at Kawas begins commercial operation

The NTPC group's installed and commercial capacity has touched 68,981.68 and 68,321.68 MW, respectively.

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Gencos may face action over low coal stock

In order to recover full annual fixed charges, it is the obligation of the generating company to arrange sufficient fuel for its generating stations and maintain its availability at the plants as per the relevant regulations, said a CERC staff paper on the methodology for computing 'Deterrent Charges' for maintaining lower coal stock by coal-based generating stations.

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CNG price hiked by Rs 2 per kg in Delhi-NCR with effect from today

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CNG price hiked by Rs 2 per kg in Delhi-NCR

Meanwhile, IGL has also increased gas prices in other parts of the country. In Rewari, CNG is retailing at Rs 84.07 per kg; Rs 82.27 per kg in Karnal and Kaithal; Rs 85.40 in Kanpur, Hamirpur and Fatehpur and Rs 83.88 in Ajmer, Pali and Rajsamand after the increase. The city gas distributors have been periodically raising prices since October last year when domestic as well as international gas prices started to climb.

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

Assam CM Himanta Biswa Sarma discusses piped LPG possibility with Adani Group

Himanta tweeted, "Held a meeting with representatives of Adani Group to discuss issues related to its already existing & proposed investments in our State.

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Tesla puts India entry plan on hold after deadlock on tariffs: sources

The decision caps more than a year of deadlocked talks with government representatives as Tesla sought to first test demand by selling electric vehicles (EVs) imported from production hubs in the United States and China, at lower tariffs.

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PSU banks agree to back stressed power companies

Lenders will provide working capital loans primarily to purchase imported coal and operate plants at maximum capacity as states struggle to meet demand amid high summer temperatures.

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Bhagwant Khuba invites global investors to tap opportunities in India's renewable energy space

"Currently around USD 196.98 billion worth of projects are underway in India. I once again invite all the developed countries and major RE (renewable energy) players to utilise the opportunity India is offering to the world," he said.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/qXWMGw6

Bhagwant Khuba invites global investors to tap opportunities in India's renewable energy space

"Currently around USD 196.98 billion worth of projects are underway in India. I once again invite all the developed countries and major RE (renewable energy) players to utilise the opportunity India is offering to the world," he said.

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Vertex Hydrogen appoints Joe Seifert as CEO

New Delhi, May 13 (PTI) Vertex Hydrogen Ltd, a joint venture between Essar and Progressive Energy that is driving the UK's low carbon transformation, on Friday announced the appointment of Joe Seifert as its Chief Executive Officer.

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PSU banks agree to back stressed power companies

Details on funding distressed power projects were discussed at a meeting of senior bank executives at SBI headquarters last week.

from Energy-Industry-Economic Times https://ift.tt/MTU7PAE

Assam signs petroleum mining lease deed with HOEC, OIL and IOC

Jogen Mohan, Minister for Mines and Minerals assured that Assam Government would provide all possible support to HOEC, OIL, and IOCL in its quest of hydrocarbon. The minister said that it will enhance revenue of the exchequer and will bring prosperity to the state.

from Energy-Industry-Economic Times https://ift.tt/ilShj5N

Delhi govt may set up solar panels on rooftop of all its buildings

Officials said despite huge targets set at the national level and by the local government as well as incentives offered to individuals, installation of rooftop power generation panel and solar energy has failed to enthuse people.

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GAIL awards contract for large Green Hydrogen project

The project would be installed in line with the National Hydrogen Mission at GAIL’s Vijaipur Complex, in Guna District of Madhya Pradesh, and would be based on renewable power.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://energy.economictimes.indiatimes.com/news/renewable/91517886?utm_source=RSS&utm_medium=ETRSS

NTPC to raise Rs 5,000 cr via term-loan to fund capex

​​​"Proceeds of the loan shall be utilised towards capital expenditure for ongoing/new capacity addition programme, including the takeover of projects, renewable energy projects, coal mining & washeries, renovation & modernisation program of various projects, refinancing of loans and general corporate purposes etc," as per the request for proposal (RFP) document.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://energy.economictimes.indiatimes.com/news/power/ntpc-to-raise-rs-5000-cr-via-term-loan-to-fund-capex/91515121?utm_source=RSS&utm_medium=ETRSS

Italy working on incentives for offshore wind projects

Cingolani said last year more than 60 developers had expressed interest in building offshore wind farms. These include ERG, Eni, Saipem, EDF-owned Edison and Fincantieri.

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Battery-powered Greek island bets on green future

The island has already been producing most of its own electricity since 2019, using a solar park and a wind turbine hooked up to trailer-sized batteries that maintain an uninterrupted supply.

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Plan to monetise IOCL, HPCL & GAIL pipelines loses steam

Finance minister Nirmala Sitharaman in the 2021 Union Budget had announced the monetisation of oil and gas pipeline assets of IOC, GAIL and HPCL.

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Prayagraj: Solar power systems up in demand as consumers look to save on bill

Solar panel installation technicians said more and more residential users are opting for an on-grid solar system due its advantages as they get uninterrupted supply and save on electricity bills.

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Major challenge as power demand unlikely to decline, says Centre

Power and renewable energy minister RK Singh said the directive mandating imported coal-based plants to keep producing power might be extended beyond October .

from Energy-Industry-Economic Times https://ift.tt/b63CrS5

Plan to monetise IOCL, HPCL & GAIL pipelines loses steam

Finance minister Nirmala Sitharaman in the 2021 Union Budget had announced the monetisation of oil and gas pipeline assets of IOC, GAIL and HPCL.

from Energy-Industry-Economic Times https://ift.tt/hPDNVT2

Delhi's peak power demand rises to 6,572 MW, highest ever in May

In 2019, it had crossed the 6,000 MW mark only on three occasions - 6,020 MW on May 29, 6,240 MW on May 30, and 6,461 MW on May 31, they said.

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

Inauguration of NITK’s solar charging station today

The event will be inaugurated on Wednesday by Udaykumar R Yaragatti, director (in-charge), and presided over by Vijay Desai, dean alumni affairs and institutional relations (AAIR), NITK Surathkal.

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India's fuel sales moderate in April, fall 4 per cent

Consumption of fuel, a proxy for oil demand, totaled 18.64 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed

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Tamil Nadu: Kavundampalayam to get solar power plant

The corporation has sent a proposal to the commissioner of municipal administration (CMA) for clearance. Once proposal gets approval, tenders will be floated for the plant installation in an area of 7.6acres. It will take six months to set up the fourth solar power plant in the city.

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Power exchanges asked to explain T+1 contracts

The regulator initiated suo motu action as the power exchanges started T+1 contracts, which enable settlement in 24 hours, without permission. The states alleged that the power exchanges enabled sellers to move to the uncapped term-ahead market, a bilateral market, said people aware of the matter.

from Energy-Industry-Economic Times https://ift.tt/uqk4Mca

GAIL to sell 'pooled' natural gas to city gas distributors

State-run GAIL is the authorised agency that oversees supplies to city gas companies. The gas supplied to city gas distributors for use in transport and homes is priced according to a government-set formula and is traditionally much cheaper than other domestic gas, which can be sold at market rates.

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Oil tumbles on global economic worries, strong dollar

The fall in oil prices reflected trends in global financial markets as investors shed riskier assets on worries about higher interest rates and their impact on economic growth.

from Energy-Industry-Economic Times https://ift.tt/aelMP45

California revisits proposal on reforming rooftop solar policy

The California Public Utilities Commission is seeking additional input into a proposal issued last year that was vilified by the solar panel installation sector as a jobs and industry-killer.

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OPINION: Rethinking humanity: Era of hydrogen?

In an ideal scenario, by 2050, the threat of climate change may no longer loom over the world as most countries would have achieved their net-zero ambitions – absorbing more carbon dioxide from the atmosphere than they emit. On the other extreme, the global climate may undergo irreversible change threatening the modern civilization.

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

Atria Power likely to raise up to $300M at nearly $1B valuation

Atria is likely to raise about $250-300 million (₹2,000-2,300 crore) and the financing will likely value the company in the $800 million-$1 billion range (₹6,000-7,500 crore).

from Energy-Industry-Economic Times https://ift.tt/90FMwk4

Vedanta outbids JSPL for Athena Chhattisgarh Power Ltd

Resources conglomerate Vedanta's final offer of ₹565 crore was much higher than the staggered payment of ₹400 crore it had offered under the corporate insolvency and resolution process (CIRP). The auction process, which started on the morning of May 6, ended the next day, the people said.

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Central govt’s push to solar energy empowers more to make the switch

Latest statistics released by the undertaking on Friday shows as many as 349 consumers have opted for such rooftop panels so far under the recently announced central scheme.

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Discoms outstanding dues to gencos rise 4 pc to Rs 1,21,765 cr in May

On a sequential basis too, total dues in May 2022 increased from Rs 1,20,954 crore in April 2022. The PRAAPTI portal was launched in May 2018 to bring transparency in power purchase transactions between generators and discoms.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/k0L57pt

Energy experts fear India's turn to 'dirty coal' commercially unviable

Heatwaves are sweeping across India, with March recording the hottest in 122 years, resulting in high energy demand touching 207GW in April-end, the worst crisis in over six years. Demand is far exceeding supply resulting in power outages by state DISCOMs.

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Billionaire Mukesh Ambani’s refinery makes millions from war windfall

The refiner, owned by Indian billionaire Mukesh Ambani, is buying discounted cargoes of crude after self-sanctions on Russian fuels by some European Union companies pushed up margins on some oil products to three-year highs.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/5OhaLiF

Discoms outstanding dues to gencos rise 4% to Rs 1,21,765 crore in May

In May 2022, the total overdue amount, which was not cleared even after 45 days of a grace period offered by generators, stood at Rs 1,06,902 crore as against Rs 94,354 crore in the same month a year ago.

from Energy-Industry-Economic Times https://ift.tt/fewp1hg

Gujarat added second-highest renewable energy capacity among states in 2021-22

After Rajasthan, Gujarat added the second highest utility-scale, wind and rooftop solar power generation capacity in India at 2,469MW in FY 2022.

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With rise in power demand, govt asks residents to opt for roof top solar plants in Lucknow

Currently there are 8.5 lakh households in the city with power connections out of which over 35,000 have roof top solar plant.

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Solar power policy: Delhi government eyes global best practices

Dialogue and Development Commission (DDC) of Delhi has partnered with RMI India to accelerate adoption of renewable energy solutions in the city.

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SJVN bags 90 MW floating solar power project worth Rs 585 crore

SJVN has bagged 90 MW Floating Solar Project at the rate of Rs 3.26/Unit on Build Own and Operate basis in a tender floated by REWA Ultra Mega Solar Ltd (RUMSL), Nand Lal Sharma, Chairman & Managing Director, said.

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Batteries unlikely to be replaced in EV recall

Ola Electric, Okinawa and Pure EV have recalled electric two-wheelers to fix battery-related issues, but since the battery is a sealed unit, it cannot be opened or tampered with.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/u2QfME6

Rooftop solar energy panels to be set up in all CAPF establishments

The move will help generate solar power up to 71.68 megawatts and facilitate use of green power in a large number of security establishments throughout India.

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Nepal invites tenders from Indian buyers for sale of 200 MW surplus electricity

Open access consumers, regulated utilities, distribution companies, and traders having a valid trading licence issued by the Central Electricity Regulatory Commission (CERC), Government of India, are eligible to participate in this bid, said Nepal Electricity Authority (NEA) Manging Director Kulman Ghising.

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CESC commissions first microgrid with floating solar & BESS

"This microgrid plant with 100kW floating solar system and 218kWh with battery storage is in place now for trial and we will study and analyse for a year before deciding to expand the model in other locations within our distribution area," CESC MD (Distribution) Debasish U Banerjee told PTI.

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India raids engineering firms after Coal India antitrust complaint

Officers of the Competition Commission of India (CCI) raided companies in Kolkata in West Bengal state and Ranchi and Dhanbad in eastern state of Jharkhand, said two of the sources, all of whom declined to be named due to sensitivity of the operation.

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India, Italy agree to cooperate in areas of green hydrogen, biofuels, energy storage

​​The two foreign ministers noted the potential for a closer India-Italy industrial collaboration in the defence sector and vowed to work closely in countering common challenges of terrorism, violent extremism and cybercrimes.

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SJVN bags contract for 30 MW wind-solar hybrid project worth Rs 195 cr

The project was bagged through a tariff-based competitive bidding process for providing electricity at the rate of Rs 2.54 per unit on build, own and operate basis, the company said, adding that the tentative cost for construction and development of project is Rs 195 crore.

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Oil margins to help Reliance sustain its premium valuation

Operating profit at the oil-to-chemical (O2C) segment - the vertical that captures financial performance of refining and petrochemicals - rose 25% to '14,241 crore driven by superior margins of the refining segment.

from Energy-Industry-Economic Times https://ift.tt/Pbmn2Nj

Emergency clause invoked on power plants in national interest: Power Secy

At a meeting on Friday in the power ministry, most lenders agreed to offer funding support to restart operations of the stressed assets, but developers of these plants are worried about uncertainties in sourcing imported coal and not getting full recoveries at the power exchanges.

from Energy-Industry-Economic Times https://ift.tt/e2pyBEC