All renewable biz to merge in one: Tata power chief

For our renewable business, we will bring all the renewable business on one single platform and all the renewable companies will start getting merged into the renewable platform, which is the Tata Power Renewable Energy (TPREL). However, there will still be some subsidiaries because the nature of the business requires us to have an SPV (special purpose vehicle) for capital projects. There will be huge efficiency due to this because the extra manpower in each of these companies will all get subsumed in one company. There are synergies that will happen.

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Oilfield exploration bidding deadline extended to Dec 30

​​The government had launched the eighth round under the Open Acreage Licensing Policy on July 7 and is hoping to attract more bidders by stretching the timelines.

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ReNew pledges to be net-zero firm by 2040

ReNew intends to achieve this through a comprehensive programme of measures. These include energy efficiency improvements across offices and sites, clean energy procurement, electrification of fossil-fuel-based equipment, evaluating low-carbon footprint raw materials, and exploring green logistics for transportation.

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ReNew pledges to be net-zero firm by 2040

ReNew intends to achieve this through a comprehensive programme of measures. These include energy efficiency improvements across offices and sites, clean energy procurement, electrification of fossil-fuel-based equipment, evaluating low-carbon footprint raw materials, and exploring green logistics for transportation.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/OLb0Cgl

Most Indian firms still face key challenges towards net-zero goals

While 24 per cent cite the complexity of the required transformation, 25 per cent point to the lack of talent with expertise implementing net-zero initiatives, and 23 per cent specify limited resources to support the net-zero initiatives, according to the report by Forrester Consulting on behalf of Amazon and non-profit The Climate Pledge.

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Most Indian firms still face key challenges towards net-zero goals

While 24 per cent cite the complexity of the required transformation, 25 per cent point to the lack of talent with expertise implementing net-zero initiatives, and 23 per cent specify limited resources to support the net-zero initiatives, according to the report by Forrester Consulting on behalf of Amazon and non-profit The Climate Pledge.

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What long-term economic stagnation means for climate change

The financial shock the UK has recently suffered is of course bad for green investment. The Rishi Sunak-led government is also likely to use this crisis to push for further public spending cuts that will rule out a truly transformative green agenda.

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ONGC plans 1 GW solar power plant in Rajasthan

With just 153 MW of wind and 31 MW of solar generation capacity, ONGC barely has a presence today in the renewable energy space. But it has now begun to act on its green goals by pushing hard on some projects and by tying up with some power companies.

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IOC Q2 results: Posts 272 cr loss against ₹6,360 cr profit a year earlier

The losses have narrowed from ₹1,992 crore in the April-June quarter mainly due to the general decline in crude prices in the September quarter.

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Mann Ki Baat: India among top nations in solar power, says PM Modi

While he started with greetings of Chhath Puja, the address was mainly focussed on production of electricity from solar energy in India, revolution in technology, and the space sector.

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ArcelorMittal arm AMNS India to invest Rs 60,000 crore to expand Hazira plant: Chairman Aditya Mittal

"We will invest Rs 60,000 crore to increase capacity of our plant to 15 MT," Mittal said after performing the "Bhoomi Pujan" at the plant, which marked the start of the expansion project.

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From Russia to Canada: How India is snapping up cheap crude oil, cutting dependence on Middle East

India has emerged as Russia's second biggest oil buyer after China, taking advantage of discounted prices as some Western entities shun purchases over Moscow's invasion of Ukraine. As a result, it is estimated to have gained Rs 35,000 crore till September by importing Russian crude at discounts since the war began in February.

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Vedanta net profit declines 61 pc to Rs 1,808 crore in second quarter

Vedanta's Chief Executive Officer Sunil Duggal said that the company has generated strong free cash flow (pre capex) of Rs 8,369 crore strengthened by robust operational and financial performance.

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Linde expects to benefit from US clean-energy transition

The group's chief executive, Sanjiv Lamba, said on a conference call that the total investment opportunity for Linde in the United States alone could exceed $30 billion over the next decade in the wake of recent US legislation.

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UN warns of 'accelerating climate disaster'

The stark message comes a day after the UN Framework Convention on Climate Change said in its annual assessment the world is on track for around 2.5 degrees Celsius warming by the end of the century.

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India can accelerate green investments to USD 12.1 trillion by 2050

With the ongoing rate, India's net Green House Gas (GHG) emissions will rise to 11.8 gigatons of carbon dioxide equivalent by 2070 from the 2.9 gigatons in 2019, Mckinsey & Co said in a report.

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Hindustan Motors, European partner complete due diligence for EV project

"The due diligence between HM and the European company is now complete. The name of the foreign partner will be announced shortly," the official of the Indian company told PTI.

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IEA sees India's imports of natural gas, oil zoom by 2030

The demand for natural gas in the country would nearly double to 115 billion cubic meters (bcm) in 2030 from 66 bcm in 2021, with most of the growth coming from manufacturing and other industry, according to IEA's World Energy Outlook based on the stated policies scenario.

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Norway's Statkraft submits debt resolution plan for Lanco unit

"Given hydropower's importance to India's grid, we are keen on developing stressed hydropower projects in India, including the Mandakini project. Statkraft's plan is pending approval from NCLT," Statkraft said in response to queries from ET seeking comment about its interest in the Lanco unit.

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CII: Goa govt must fast-track approvals for pvt solar plants

CII said many local companies are ready to set up large solar plants on waste mines. They are willing to invest in the plant, machinery and other infrastructural costs to pump power into the state power grid.

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India can accelerate green investments to USD 12.1 trillion by 2050

With the ongoing rate, India's net Green House Gas (GHG) emissions will rise to 11.8 gigatons of carbon dioxide equivalent by 2070 from the 2.9 gigatons in 2019, Mckinsey & Co said in a report.

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IEA sees India's imports of natural gas, oil zoom by 2030

The demand for natural gas in the country would nearly double to 115 billion cubic meters (bcm) in 2030 from 66 bcm in 2021, with most of the growth coming from manufacturing and other industry, according to IEA's World Energy Outlook based on the stated policies scenario.

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India's Russian oil binge sends Middle East imports to 19-mth low

Iraq remained the top supplier while Russia overtook Saudi Arabia as the second biggest after a gap of a month, the data showed. India's total oil imports in September fell to a 14-month low of 3.91 million barrels per day (bpd), down 5.6% from a year earlier, due to maintenance at refiners such as Reliance Industries and Indian Oil Corp, the data showed.

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Saudi oil giant Aramco unveils USD 1.5B sustainability fund

Aramco is one of the largest corporate greenhouse gas emitters. Environmentalists have long accused oil and gas companies of using climate-friendly pledges to "greenwash" their polluting activities.

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US Treasury launches industry outreach on clean energy tax credits

US Treasury Secretary Janet Yellen met with 17 industry groups representing more than 1,000 firms in the clean energy supply chain, more than 2,000 utilities and more than 1 million American workers, a Treasury official said.

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Third 800 MW supercritical power unit goes on stream at Krishnapatnam

The third 800 MW supercritical unit at the Sri Damodaram Sanjeevaiah Thermal Power Station (SDSTPS) here goes on stream on Thursday, over three years behind schedule, giving some respite to Andhra Pradesh that has been facing a shortage of power during evening peak hours.

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Russia is now India's seventh-largest trading partner

The US ($57,632.37 million), China ($50,792.83 million), UAE ($36,820.33 million), Saudi Arabia ($23,995 million), Iraq ($18,822.27 million) and Indonesia ($18,816.58 million) were the six countries which recorded higher volumes of trade with India during the first five months of 2022-23.

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Tata Power Solar Systems launches off-grid solar solutions in West Bengal, Bihar, Jharkhand

The off-grid solutions provide a combination of high-efficient solar modules, inverters and batteries and are available in 11 variants ranging from 1 - 10 Kw with 5-year warranty, a company statement said.

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Britain's Lightsource BP races to hook solar farms to batteries

Solar power developer Lightsource BP, half-owned by oil major BP, has rapidly expanded around the world in recent years, benefiting from a push by countries around the world to build low-carbon energy capacity.

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Apple announces new clean energy investments, asks suppliers to decarbonize

The iPhone maker will now require its supply partners to report on progress on carbon neutrality goals, specifically Scope 1 and Scope 2 emissions reductions, related to the production of Apple products and will audit their progress annually.

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One in ten petrol pumps now offers EV charging, CNG

India has about 84,600 fuel retail outlets, of which 8,900 offer alternative fuels such as CNG, auto LPG or EV charging facilities, according to the oil ministry data. EV charging facility is available at 4,100 pumps, CNG at 4,000 pumps and auto LPG at 700. The private sector, which controls a tenth of the country's fuel stations, offers alternative fuelling options at less than 200 pumps.

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OPINION: “LiFE” not-so-easy

When it comes to promote walking and cycling in our country, we can perhaps set an example as to how collective government apathy actually disincentivizes people to shun that choice.

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One in ten petrol pumps now offers EV charging, CNG

India has about 84,600 fuel retail outlets, of which 8,900 offer alternative fuels such as CNG, auto LPG or EV charging facilities, according to the oil ministry data. EV charging facility is available at 4,100 pumps, CNG at 4,000 pumps and auto LPG at 700.

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World is in its 'first truly global energy crisis' - IEA's Fatih Birol

The energy crisis could be a turning point for accelerating clean sources and for forming a sustainable and secured energy system, Birol said.

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EV maker Revamp Moto of Shark Tank fame in talks to raise $3.5 million

The round will be led by a Dubai-based investor, said Pritesh Mahajan, a co-founder. The company is also in talks with multiple Indian venture capitalists and another Dubai-based real estate player for the round for raising funds.

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Toshiba valued at $16 billion by Japan Industrial Partners in takeover bid

The JIP-led group plans to provide 1 trillion yen in cash, while seeking financing totalling 1.4 trillion yen from banks along with a committed line of credit of 200 billion yen in working capital.

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Greening global economy brings dependence on critical minerals

Control over most of these essential elements is concentrated in a handful of countries, none more than China, they note.

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Dell launches Solar Community Hubs for youth in 6 aspirational districts

The solar-powered vans will serve six communities identified as aspirational districts, including Yadgir (Karnataka), Visakhapatnam (Andhra Pradesh), Ramanathapuram (Tamil Nadu), Agartala (Tripura), Haridwar (Uttarakhand) and Kalahandi (Odisha)

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Oil giant Schlumberger rebrands itself as SLB for low-carbon future

The nearly 100-year-old firm, originally named after its founding family, has become a giant in oilfield services and equipment such as drilling and subsurface analysis.

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GEDA to install solar cooking system at Latur in Maharashtra

The installation, which will cost around Rs 1.5 crore, will lead to saving of 171 kg of LPG per day. The system boasts a lifespan of 20 years with a payback period of 2.5 years.

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NGT asks solar firm to plant 10 times trees cut by them for Rajasthan plant

NGT chairperson Justice Adarsh Kumar-headed bench, after going through the report of a fact-finding committee, held AMP Energy Green Four Pvt Ltd accountable for the illegal cutting of trees under section 15 of the NGT Act.

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Oil PSUs spent 43 per cent of their annual capex in first half of the fiscal year

State-run oil companies together spent ₹48,400 crore in the first six months of the current fiscal year, or 43 per cent of their combined annual capex target of ₹111,354 crore, according to official data.

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Reliance to commission new gas condensate field by year-end

Reliance Industries Ltd will commission its deepwater MJ gas condensate field in Bay of Bengal block KG-D6 by year end, boosting natural gas output to 30 per cent of India's total. MJ is the third and last of a set of discoveries that Reliance and its partner bp are developing in the eastern offshore block. The two will use a floating production system at the high sea in the Bay of Bengal to bring to production the deepest gas discovery in the KG-D6 block.

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Oil PSUs spent 43% of their annual capex in first half of the fiscal year

State-run oil companies together spent ₹48,400 crore in the first six months of the current fiscal year, or 43% of their combined annual capex target of ₹111,354 crore, according to official data.

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NARCL improves offer for Meenakshi Energy to Rs 1,003 crore

The revised offer from the government-promoted NARCL, made last week, follows a request from the lenders to the company and is 11% higher than its previous offer, the people cited earlier told ET. NARCL had given a binding bid of ₹900 crore for Meenakshi Energy a fortnight ago amid the final stage of the corporate resolution.

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Borosil Renewables acquires 86 per cent in Europe's largest solar glass maker InterFloat

BRL’s board believes that the position that Interfloat/GMB commands as a high quality producer of solar glass should strengthen BRL’s global market position in the long run.

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Over 200 homes electrify solar rooftop plan in Mumbai Metropolitan Region

MSEDCL has received response from 239 residential consumers, including individual and housing societies, who have opted for solar rooftops in Mumbai.

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SJVN to commission 75 MW solar power project in UP by month-end

This would help in annual enhancement of revenue to the tune of approximately Rs 45.11 crores which would enhance the top and bottomline of balance sheet.

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Karnataka gives clearance for Rs 1.74 lakh crore projects with clean energy focus

The projects are expected to create employment for 41,448 people, an official release said. Among the 11 projects that got approval, eight are new and three are additional projects, it said.

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OPINION: What India can learn from partners on balancing energy security with transition

Market volatility, and a global supply glut, have meant that the investment flagged and sought by the Modi government is seen as a wise step in securing India’s energy transition.

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Punjab to come up with energy action plan, adopt clean energy technology

Punjab Energy Development Agency is striving hard to achieve the target of 2,500 MW renewable energy capacity in Punjab.

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Saudi Arabia, India seek to energise ties with undersea cables

This will be part of the discussion agenda when Saudi energy minister Prince Abdulaziz bin Salman visits New Delhi on a day-long visit on Friday to prepare the ground for Saudi Prime Minister and Crown Prince Mohammed bin Salman’s trip to India next month.

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Russian oil logistics in chaos with weeks until sanctions bite

A vast shadow fleet of tankers with unknown owners is being amassed to service Moscow’s interests. Intense US-led diplomatic wrangling to soften aggressive European Union sanctions has been going on for months but time is ticking.

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India unveils new blocks for oil exploration. An analysis

India recently launched a sizable offering for oil and gas exploration, with most of the blocks on offer lying offshore and in deeper waters.

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Renewable Energy : The hope for healthcare sector in India

Substituting even a fraction of non-renewable energy with renewable energy can help these institutes save considerable expenditure, that in turn can aid in bringing healthcare costs down.

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Billionaire Adani to target Europe with huge Morocco clean energy project

Adani’s coal-to-ports conglomerate is considering building wind and solar generation plants in the North African nation and facilities to produce green hydrogen for export, according to people familiar with the proposals and who requested anonymity to discuss private details.

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IEX trade volume dips over 11 pc to 23.1 bn units in Jul-Sept

It said, "during the quarter, the Exchange traded 23.1 BU electricity volume versus 23.4 BU in Q1 FY'23. The volume comprised 19.7 BU in the conventional power market, 1.5 BU in the Green Market segment and 19.14 lakh Certificates in the Renewable Energy Certificates (REC) Market which is equivalent to 1.9 BU."

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Spanish energy firm Everwood in talks to sell 6.1 GW solar assets portfolio: sources

Appetite for low-carbon energy sources has taken on fresh urgency this year after Russia's invasion of Ukraine, with oil and gas companies setting ambitious green targets and jostling with utilities and existing renewables investors to lead the energy transition.

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MNRE issues draft National Repowering Policy for Wind Power Projects, 2022

The ministry had issued the earlier policy in 2016 to create a facilitative framework for repowering

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Solar imports excluded from duty scheme

Solar power developers said the decision is a major setback to the country's solar power capacity addition plan and they might consider legal options opposing the differential treatment as only solar power plants have been excluded.

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Solar imports excluded from duty scheme

Solar power developers said the decision is a major setback to the country's solar power capacity addition plan and they might consider legal options opposing the differential treatment as only solar power plants have been excluded.

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Amid coal imports, government says production to touch 900 million tonnes this fiscal

While the tender for importing 2.4 milion tonnes of coal was for the July-September period of this fiscal, the other two tenders for seeking 6 million tonnes of dry fuel were till June 2023.

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October farm fires are back, Delhi braces for yearly gas chamber days

5,166 ha paddy area was burnt in Punjab by September 20 and it rose to 34,360 ha by October 4 and 92,624.28 ha by October 14. Delhi-NCR has already been moved to the graded response action plan II level in view of forecasts of the air quality turning 'very poor', with an AQI of over 300 by the weekend.

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Saudi, India seek to energise ties with undersea cables

Taking the conversation beyond oil exports, sources in the know said both sides are likely to initiate discussions on an undersea cable for an electricity grid involving South Asia and the Gulf countries. The two are exploring the commercial viability of such a project.

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Motovolt Mobility in talks with online food, grocery delivery firms to develop their fleet

"Talks are on with online delivery firms like Swiggy, Zomato and Zepto for supplying products like e-bikes to help develop their fleet," Motovolt Mobility founder and CEO Tushar Choudhary told reporters here.

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Adani arm bags Rs 1,300 cr smart meters installation deal from Mumbai's BEST

Adani Transmission's subsidiary Adani Electricity Mumbai distributes power in the suburbs, where it competes with Tata Power. The company has also gone public with its ambitions to expand to other pockets in the state and capitalise on a liberalised policy once it is implemented. The current contract involves installing the smart meters over a 30-month period and maintaining them for the following 90 months, as per a statement.

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MoEF panel nod to RIL's Hazira manufacturing complex's Rs 10k Cr expansion, debottlenecking

The Expert Appraisal Committee under the Ministry of Environment, Forests and Climate Change has recommended Environmental Clearance for the Rs 10,000 crore expansion and debottlenecking of Reliance Industries Ltd's Hazira Manufacturing Division (HMD) in Gujarat. Debottlenecking is the process of getting more production out of existing plants and equipment by improving processes or revamping equipment.

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India to pitch for global biofuels alliance at G20: oil minister

India's plans to set up a biofuels alliance mirror International Solar Alliance launched by New Delhi and Paris in 2015 to bring clean and affordable solar energy within the reach of all.

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PM likely to inaugurate greenfield airport in Itanagar and Kameng hydroelectric power project in Arunachal Pradesh

Modi is also likely to visit Tripura. Modi has recently assured Arunachal Pradesh chief minister Pema Khandu that he will visit the state to dedicate to the nation two projects, the Greenfield airport and a power project.

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To make hay while solar energy shines

Solar and storage, making it a round-the-clock electricity source, is projected to be the cheapest energy option by 2030 in most parts of the world. But investment required to take advantage of this trend flows disproportionately to China and OECD countries.

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Renewables revolution requires requires cutting cost of capital in developing world: UN Chief

Guterres, who is on an official visit to India, said this requires making the multilateral development institutions understand that beyond the loans that they can provide, they need to be able to leverage some guarantees.

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NARCL offers ₹900 crore for Meenakshi Energy debt

The thermal power company promoted by Hemant Kanoria and his family entered corporate insolvency in November 2019. Resolution professional Ravi Sankar Devarakonda, backed by EY Restructuring LLP, has received resolution plans from Vedanta, Naveen Jindal-promoted Jindal Power and Prudent Asset Reconstruction Company, one of the people said. All the three offers are under ₹900 crore, with the payment staggered over 7-10 years, the same person said.

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Ather Energy raises $50 million in funding as it ramps up electric scooter production

According to a source, the latest round is an extension of its $128 million fundraise in May, which was led by India's sovereign wealth fund National Investment and Infrastructure Fund (NIIF) and Hero MotoCorp.

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Regulator can't revise power tariff payable to discom in the guise of prudence check: SC

A bench comprising justices S A Nazeer and Krishna Murari allowed the appeal of private discom BSES Yamuna Power Ltd challenging certain findings of the Appellate Tribunal for Electricity (APTEL) in a 2014 judgment by which the downward revision of electricity tariff by Delhi Electricity Regulatory Commission (DERC) was upheld.

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Corporate funding in global solar sector falls 18 per cent to $18.7 billion, says Mercom Capital report

"Total corporate funding in 9M 2022 (first nine months) stood at USD 18.7 billion, 18 per cent lower compared to USD 22.8 billion raised in 9M 2021. The number of deals increased 17 per cent y-o-y, with 131 in 9M 2022 compared to 112 in 9M 2021," the global clean energy consulting firm said in its report.

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India-led global alliance bats for diverse solar energy market

Currently, 75 per cent of components needed for solar power are manufactured in China, according to a recent report by the International Energy Agency. Representatives at the fifth assembly of the International Solar Alliance, made up of 110 member countries, want that to change.

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IOC in talks with US co Tellurian for LNG pact

Indian Oil, Petronet LNG and GAIL are all seeking long-term contracts but have been unable to lay their hands on any deal that can bring supplies ahead of 2026 when large global liquefaction capacity is expected to come onstream, easing the current crunch.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/Trx5gqn

ISA interventions will change the global energy dynamics: Ajay Mathur

International Solar Alliance (ISA) Directopr General Ajay Mathur talks to ETEnergyworld sharing the crux of the decisions taken at the General Assembly and their significance.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/EV5zx3M

Bidding for ₹19.5k crore Round II of solar module PLI in a week

By 2026, India is aiming at capacities of 38 Gw in polysilicons, 56 Gw in ingot and wafers, 70-80 Gw in cells and 90-100 Gw in modules, Chaturvedi said.

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Must maintain green energy supply chain in India, says Minister Piyush Goyal

Addressing a CII event on renewable energy, he also said that efforts should be made to maintain the entire supply chain of this sector in India and not allow a situation like the pharma sector where "our northern neighbour almost took away the entire industry".

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CIL didn't hike domestic coal price despite unprecedented rate hike globally: Govt

While addressing the National Coal Conclave & Exhibition-2022 here, the minister urged the public sector undertakings to compete with the private sector in coal mine auction and early production.

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Supreme Court judge D Y Chandrachud to head panel for appointment of electricity appellate tribunal

A search-cum-selection committee is constituted for making recommendations to the central government for the appointment to the post of chairperson of the Appellate Tribunal for Electricity (APTEL), said an office order issued earlier this month.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/W1dOsjC

Saudi Arabian Energy Minister likely to visit India this week

Saudi energy minister's visit to New Delhi is yet to be made public and its details are being finalised. He is likely to meet petroleum minister Hardeep Puri, power minister R K Singh and commerce minister Piyush Goyal during his visit that's likely to start Friday and discuss bilateral issues between the two countries, people familiar with the matter said.

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India's first SPM facility at IOC-Vadinar berths the 6,000th oil tanker

IOC chairman S M Vaidya and the company's director for pipelines D S Nanaware welcomed the crew of MT Yio to celebrate the momentous occasion, it said.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/vQo9SLc

Must maintain green energy supply chain in India, says Minister Piyush Goyal

Addressing a CII event on renewable energy, he also said that efforts should be made to maintain the entire supply chain of this sector in India and not allow a situation like the pharma sector where "our northern neighbour almost took away the entire industry".

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/9La75MC

India to have over 65 per cent power generation capacity from non-fossil fuels by 2030: RK Singh

Addressing a CII conference on green energy, he explained that India is aiming for 65 per cent of power generation capacity from non-fossil fuels but the country will have more than that.

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Increase in crude prices will weaken Indian oil companies if net realisation doesn't go up: Moody's

Last week, the Central government approved the grant to the Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) to cover losses on sales of domestic LPG between June 2020-June 2022.

from Energy-Industry-Economic Times https://ift.tt/he5nPXN

Official: China mining more coal but increasing wind, solar

China is a big investor in wind and solar, but jittery Communist Party leaders called for more coal-fired power after economic growth slumped last year and shortages caused blackouts. That prompted warnings that carbon emissions will rise faster through 2030, when they government says they should peak.

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Many India Inc majors may be Net-Zero by 2050

Several Indian corporate houses have set decarbonisation targets internally to become carbon neutral by 2050 or before. These include Vedanta, Aditya Birla Group, JSW Group, Adani Transmission, Mahindra & Mahindra, and Dalmia Cement, among others. Reliance Industries, the most valuable company in India by market capitalisation, has set a target of net-zero by 2035.

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

ReNew Power to invest Rs 30,000 cr to scale up green capacities: Chairman Sumant Sinha

"We have 5,000 megawatts (MW) of projects that we are building right now. We have won various auctions... have PPAs (power purchase agreements)," Sinha, who is also the founder and CEO of the company, told PTI.

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Fuel sales soar on festive season demand

Sales were 31 per cent higher than COVID-marred first half of October 2020 and 33.4 per cent more than pre-pandemic October 1-15, 2019. Demand was 1.3 per cent higher than the first half of September 2022.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/o6vYCIK

Centre hikes windfall gain tax on domestic crude oil; here's how it will impact OMCs and consumers

from Energy-Industry-Economic Times https://ift.tt/Hkw3fDc

Centre raises windfall profit tax on diesel, ATF export; hikes tax on domestic crude oil

​​The government also hiked the levy on domestically produced crude oil too by Rs 3,000 per tonne to Rs 11,000 in line with the hardening global prices. The finance ministry has brought about a hike in export taxes on crude, diesel and ATF After lowering the tax rates for two consecutive fortnights mirroring fall in global crude prices.

from Energy-Industry-Economic Times https://ift.tt/Kutxe74

Coal India to set up 1190 MW solar power project in Rajasthan

The project is aimed to boost CIL’s pursuit of solar power generation as part of its diversification programme for clean coal energy.

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India pushes oil refiners to diversify after surprise OPEC+ cuts

Large importers like India are set to take a hit, as they spent around $120 billion last year on the import of petroleum products, as per India's oil minister Hardeep Singh Puri. OPEC+ last week decided to cut output by 2 million barrels per day. As the world's third largest consumer and importer of oil, India buys about 85% of its needs from overseas, while its energy demands are set to rise to power its economic expansion.

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

Maharashtra: 30 per cent agri feeders to be solarised

The wait of scores of farmers in Maharashtra for assured day-time power supply to help irrigate their farms, instead of the present supply at night, is likely to end soon.

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Govt not to cancel coal block allocation to Rajasthan despite demand from Chattisgarh: Joshi

"A resolution from the Chhattisgarh government has come for getting the mine allotted to Rajasthan in Chhattisgarh cancelled, but we have allotted to Rajasthan under a process, therefore we are not cancelling it," Joshi told reporters here.

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Other country's govt not responsible to my consumers, says Union Minister Hardeep Puri on India's oil purchases

"I was in the US recently. I said that we'll purchase oil from wherever we have to. We have no compunctions on that. Truth is, nobody even told us to not purchase it...Am I responsible to my consumers or is some other country's govt responsible to my consumers?" ANI quoted minister Puri as saying at the three-day 5th South Asian Geoscience Conference "GEO India 2022" at Jaipur Exhibition and Convention Centre (JECC) in Sitapura, on Friday.

from Energy-Industry-Economic Times https://ift.tt/Vzw1UxP

Iberdrola explores sale of wind assets in Romania, Hungary: sources

Iberdrola is selling fully operational assets to investors with a lower cost of capital in order to finance the development of new renewable projects and grids in its main markets Britain, the United States, Spain and Brazil.

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

State power, renewable energy ministers' conference to begin on Friday

Rajasthan Chief Minister Ashok Gehlot, Union Minister of State for Power and Heavy Industries Krishan Pal Gurjar and Union Minister of State for New and Renewable Energy and Chemical and Fertilizers Bhagwanth Khuba will attend the conference.

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Pennar Industries bags NTPC Renewable Energy order

A press release from the city-based firm said it has emerged as the lowest bidder in a competitive bidding against the tender invited by NTPC REL and the scope of the project include design, engineering, supply, construction, erection, testing and commissioning along with a 3-year operation and maintenance contract. The completion time of the project is 12.5 months.

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Industry says India must avoid placing price cap on Russian oil

The US, the UK, Canada, Japan and European allies are working on a price cap plan to restrict Moscow's energy revenues without curbing the flow of Russian oil to the export market, which is essential to keeping global prices from skyrocketing, given the latest production curbs by the cartel OPEC+.

from Energy-Industry-Economic Times https://ift.tt/ly0Fwda

We will seek approval for Payment Guarantee Mechanism to boost investor confidence in solar: ISA DG Ajay Mathur

Q&A with Ajay Mathur, Director General, International Solar Alliance

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/6Rpay9S

We will seek approval for Payment Guarantee Mechanism to boost investor confidence in solar: ISA DG Ajay Mathur

Q&A with Ajay Mathur, Director General, International Solar Alliance

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

LIC sells over 2 per cent stake in Power Grid for Rs 3,079 crore in 5 months

"Corporation's shareholding in Power Grid Corporation has diluted from 36,99,02,170 to 23,01,82,028 equity shares decreasing its shareholding from 5.303 per cent to 3.3 per cent of the paid-up capital of the said company," LIC said in a regulatory filing.

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IIT Kharagpur inks MoU with ONGC's drilling institute for research

The MoU with the Institute of Drilling Technology, Dehradun, was signed earlier this week. There are certain other processes that are needed to be formalised before the collaborative move was announced, an IIT Kharagpur spokesperson said on Wednesday.

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Sterling and Wilson Renewable Energy bags order worth Rs 2,212 crore from NTPC REL

SWRE has emerged as the lowest bidder in a competitive bidding against the tender invited by NTPC REL and has been awarded the contract on 01.10.2022 with total value of Rs 2,212 crore (including taxes & duties and including O&M for 3 years), it said, adding that the contract agreement for the project has been signed between NTPC REL and SWRE.

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Saudi Arabia says OPEC+ oil cut 'purely economic'

The OPEC+ decision was adopted through consensus, took into account the balance of supply and demand and was aimed at curbing market volatility, the Saudi foreign ministry said in a statement on Thursday.

from Energy-Industry-Economic Times https://ift.tt/imYual1

Oil PSUs to get ₹22,000 crore grant to offset LPG losses

The grant will be distributed among the three corporations - Indian Oil, Bharat Petroleum and Hindustan Petroleum - and help ensure an "unhindered" supply of domestic cooking gas or LPG, said an official statement.

from Energy-Industry-Economic Times https://ift.tt/4hGjT2y

Govt buys EVs back from users to take apart and check for local parts

On a direction from the heavy industries ministry, dozens of electric two-wheelers have been bought back from customers to pull them apart and inspect whether the manufacturers have violated the localisation rules under the government's flagship EV-promotion scheme, Faster Adoption and Manufacturing of Electric and hybrid vehicles in India (FAME-India).

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/ajpeWs9

Overseas oil & gas fields' output dips 22 per cent in 2 years

Indian state-run companies' share of output from overseas fields has fallen to 8.1 million metric tonnes of oil equivalent (mmtoe) in April-August, 12 per cent lower than a year earlier, according to the oil ministry data. The output in August was down 16 per cent from a year ago.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/favzR6u

Energy price, availability among short-term challenges for Indian economy: Finance minister

Sitharaman, speaking of the priorities as India prepares to occupy the presidency of the Group of 20 nations in December, said multilateralism will be a key topic.

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Adani Renewable Energy Holding Four sets up 2 arms

These two subsidiaries are Adani Renewable Energy Forty Four Ltd (ARE44L) and Adani Renewable Energy Forty Eight Ltd (ARE48L), according to a BSE filing.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/D2nN3qI

Solar panels on roof: Delhi govt plans a subsidy boost

Sources said the government may offer subsidy on raising temporary structures on rooftops to install solar panels, apart removing any pre-condition to offer generation-based incentive to people.

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

Adani Renewable Energy Holding Four sets up 2 arms

These two subsidiaries are Adani Renewable Energy Forty Four Ltd (ARE44L) and Adani Renewable Energy Forty Eight Ltd (ARE48L), according to a BSE filing.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/6P7O1aA

Iran protests spread to key oil refinery

Protests have endured across Iran since the death of a 22-year-old woman last month in the custody of the police after she was detained for the way she dressed. Outrage over the fate of Mahsa Amini has sparked some of the biggest protests in the country since the revolution that ushered in the strict dress codes Iranains have to comply by.

from Energy-Industry-Economic Times https://ift.tt/579hEHj

Overseas oil & gas fields' output dips 22% in 2 years

Indian state-run companies' share of output from overseas fields has fallen to 8.1 million metric tonnes of oil equivalent (mmtoe) in April-August, 12% lower than a year earlier, according to the oil ministry data. The output in August was down 16% from a year ago.The overseas output was about 30% of India's domestic production of oil and gas in the five months through August, compared to 35% in the previous year.

from Energy-Industry-Economic Times https://ift.tt/7kBW64p

Greek renewables fully cover power demand for first time on record

IPTO said on Monday that renewables accounted for 100 per cent of the power generation for at least five hours last Friday, reaching a record high of 3,106 megawatt hours at 0800 GMT.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/P1R5kGm

Ashok Leyland and IIT Madras to develop hybrid EVs using turbine technology

According to a press release, IIT Madras Researchers at NCCRD are developing an indigenously designed Micro Gas Turbine. The core of the Micro Turbine is a patented combustion technology called ‘Swirl Mesh Lean Direct Injection (LDI) system.’

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

Banks for including electric vehicles, green hydrogen in priority lending

Banks are of the opinion that bringing such loans under priority lending list will help plug financing gaps in these sectors and help lenders meet their priority sector lending targets.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/KvOHtq0

Inox Green Energy Services sells entire stake in 3 arms to Adani Green Energy

"Inox Wind... through its subsidiary arm, Inox Green Energy Services Ltd (IGESL) has sold the entire equity shareholding held in Wind One Renergy Ltd, Wind Three Renergy Ltd and Wind Five Renergy Ltd... to Adani Green Energy Ltd," it said in a BSE filing.

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

India will weigh what Russia has to offer on Sakhalin-1 ownership revamp

Russia last week issued a decree allowing it to seize Exxon Mobil's 30 per cent stake and gave a Russian state-run company the authority to decide whether foreign shareholders including India's ONGC Videsh can retain their participation in the project.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/zLBQ6A8

India will need over 20 lakh charging stations to support 5 cr EVs on roads by 2030: Report

India’s EV market currently has limited capabilities for fast-charging EVs, it said. "However, going forward, public fast charging, complemented by AC chargers of capacity ranging from 3-22kW at workplaces, shopping malls, and restaurants, will be needed to support the charging infrastructure in India."

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

Inox Green Energy Services sells entire stake in 3 arms to Adani Green Energy

"Inox Wind... through its subsidiary arm, Inox Green Energy Services Ltd (IGESL) has sold the entire equity shareholding held in Wind One Renergy Ltd, Wind Three Renergy Ltd and Wind Five Renergy Ltd... to Adani Green Energy Ltd," it said in a BSE filing.

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

NCLT admits GVK Power (Goindwal Sahib) for corporate resolution on Axis Bank's petition

This is the second company of the GVK group, after GVK Industries, that has entered insolvency proceedings. The company has a debt of around Rs 3000 crore.

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

View: The turbulence in global oil politics and its impact on India

The move by the Organisation of Petroleum Exporting Countries (OPEC) and allies, which includes Russia, is aimed at the heart of the western alliance and specifically at President Joe Biden. But it will hurt consumers all around and add another layer of difficulty for countries such as India that are trying to navigate the showdown between the West and Russia.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/P8kfAZ0

R'sthan attracts huge investments, emerging as business hub of country

Top industrialists of the country were in Jaipur recently during the Invest Rajasthan summit which paved the way for the state to emerge as a leader in the renewable energy segment, cement manufacturing, sports, fintech and much more.

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

Energy security is balancing of green thrust, fossil fuels

The green thrust has been incentivised but not at the cost of expediency for the traditional time tested formula - robust grids that haul power from inexpensive sources like hydel turbines and pit-head-based thermal plants. The nuclear electricity program is on track too.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/I2kXyul

E-bike sales continue to rise, and so does demand

Data from the government's Vahan portal show 51,586 electric two-wheelers were registered in September, accounting for 5.05 per cent of the two-wheelers sold in the month. The share was 2 per cent at the beginning of 2022 and less than 0.5 per cent two years ago.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/8Wu4PbI

Prime Minister Modi to declare Modhera as India's first solar-powered village today

According to the Gujarat government, which shared information in a series of tweets, over 1000 solar panels have been installed on the village houses, generating electricity round the clock for the villagers. Significantly they will be provided with solar electricity at zero cost.

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

India's fuel demand slips to 10-month low in September

"When we look at the drop in Indian oil demand, part of it had to do with seasonal maintenance of the refineries, not necessarily a softening of the economy," said Phil Flynn, analyst at Price Futures Group in Chicago. ​​"We expect that the demand for India is going to pick up here very, very shortly as we get into winter."

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

Electric two-wheeler maker Ather Energy to ramp up production

The ramping up of production would reduce waiting period down quite dramatically. Ather had commissioned its second manufacturing facility in Hosur in December 2021 at an investment of Rs 500 crore.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/pyk5cWq

OPEC production cut: These decisions have intended and unintended consequences, says Hardeep Singh Puri

Refraining from commenting on the controversial decision of OPEC on cutting oil production by two million barrels a day, which has taken the world by surprise, Puri said it is likely to be scrutinized very carefully. During an interaction with a group of Indian reporters, he said that India as one of the major consumers of oil and gas also has a major say in the global oil market.

from Energy-Industry-Economic Times https://ift.tt/Tje26rY

Oil price rise in India is way below global price hikes, says Hardeep Singh Puri

Puri on Thursday held bilateral meeting with US energy secretary Jennifer Granholm and other top officials of the Biden Administration. The minister also highlighted India's commitment to accelerating a just and sustainable energy transition at the ministerial dialogue on India-US strategic clean energy.

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

Suzlon Energy board appoints Vinod R Tanti as new CMD for three years

The new appointment would, however, be subject to the approval of the shareholders at the next general meeting of the company.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/wMx8RSv

Gautam Adani announces Rs 65,000 crore investment in Rajasthan

The investment by ports-to-energy conglomerate that Adani heads also spans city gas infrastructure for retailing CNG to automobiles and piped gas to households and industries as well as laying transmission lines to carry renewable power.

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

India will buy oil from wherever it wants, says Oil Min Hardeep Singh Puri

The Russia-Ukraine war has had a far-reaching impact on the global energy system, disrupting supply and demand patterns and fracturing long-standing trading relationships. It has pushed up energy prices for many consumers and businesses around the world, hurting households, industries and entire economies of several nations.

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

CNG, piped cooking gas prices hiked by Rs 3

CNG in the national capital territory of Delhi now costs Rs 78.61 per kg, up from Rs 75.61 per kg, according to the information posted on the website of Indraprastha Gas Ltd (IGL) -- the firm which retails CNG and piped cooking gas in the national capital and adjoining cities.

from Energy-Industry-Economic Times https://ift.tt/5fLgD9n

There is huge potential for India-US collaboration in energy sector, says minister Hardeep Singh Puri

The Russia-Ukraine war has had far-reaching impacts on the global energy system, disrupting supply and demand patterns and fracturing long-standing trading relationships. It has pushed up energy prices for many consumers and businesses around the world, hurting households, industries and entire economies of several nations.

from Energy-Industry-Economic Times https://ift.tt/ApD0XYx

Waaree Energies raises Rs 1,000 crore in private funding

The funds will be used to expand its PV module manufacturing capacity from 2 GW to 9 GW

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

Taking steps to make India market for carbon credits: MNRE Minister R K Singh

India has submitted its updated Nationally Determined Contribution under the Paris Agreement to the UN Framework Convention on Climate Change, emphasising that it is a step forward towards its long-term goal of reaching net zero by 2070.

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International Solar Alliance's Fifth Assembly to be held in New Delhi from 17-20 October

India holds the office of the President of the ISA Assembly. Ministers, missions and delegates from 109 Member and Signatory Countries are set to participate in this meeting.

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Solar lights provided to families of rag-pickers in Mangaluru

The project, that cost Rs 1.26 lakh, would benefit the poor families who had been living in the dark for many years, especially the school-going children.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/V2ICOqz

OPEC+ output cut may be smaller in effect; no impact seen on pump prices

"The supply cut decision appears more like a signal by the OPEC+ that they are in control, or they want to stay in control of the market," said MK Surana, CEO of Ratnagiri Refinery & Petrochemicals and former chairman of HPCL

from Energy-Industry-Economic Times https://ift.tt/1PV3RQY

India, Belgium to expand trade partnerships in renewable energy

The two nations were engaged in a dialogue on renewable energy through a Joint Working Group co-Chaired by India’s ministry of new and renewable energy

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/kaYo3wi

Growth in renewables slowing down rise in fossil fuel power generation in India: Report

In China, the growth in wind and solar led to a three reduction in fossil fuel power. In the US, it slowed down the rise in fossil fuel power from 7 per cent to just 1 per cent.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/0eC4rnT

Shell CEO says govts need to tax energy firms to help poor

"One way or another there needs to be government intervention," Shell Chief Executive Officer Ben van Beurden said at the Energy Intelligence Forum.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/mG4IDVB

OPEC+ announces biggest cut in oil production since Covid-19 pandemic

OPEC+ said on Wednesday that it will slash oil production by 2 million barrels per day, the biggest cut since the start of the Covid-19 pandemic, media reports said.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3n8eOVa

India's Greenko co-founder keen to return to London market

"We would at some point be keen to come back to markets like London," Greenko co-founder Mahesh Kolli said at the Reuters IMPACT climate conference in London on Tuesday.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/GnH6x97

Nepal proposes selling an additional 222 MW of electricity to India

Buoyed by surplus rainfall this year, Nepal is exporting surplus electricity to India through its power exchange market for the second consecutive year, according to the state-owned power utility body, Nepal Electricity Authority (NEA). "We are facing from 400 to 800 MW as losses due to increasing electricity generation within the country and decreasing domestic demand," said Pradeep Thike, Deputy Managing Director of NEA.

from Energy-Industry-Economic Times https://ift.tt/3WiO7QV

Growth in renewables slowing down rise in fossil fuel power generation in India: Report

However, it said the use of coal in India rose 10 percent because of a sharp rebound in electricity demand from the lows early last year when the Covid-19 pandemic struck hardest. In China, the growth in wind and solar led to a three reduction in fossil fuel power. In the US, it slowed down the rise in fossil fuel power from 7 per cent to just 1 per cent.

from Energy-Industry-Economic Times https://ift.tt/jk0xLiE

Rajasthan: Energy regulator proposes firms give free solar power to discoms

RERC while issuing the tariff order for 2022-23 advised the state government to consider framing rules for mandating solar power generators who are taking energy outside the state to provide 10% free power.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/s9Jq1wx

Indian refiners scout for oil deals ahead of EU ban on Russian crude

Indian Oil Corp, the country's top refiner, and Bharat Petroleum Corp are seeking term deals with countries, including the United States, industry sources said.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/dgMHkj2

Renewables grow to meet global electricity demands: study

Renewable energy sources are seen as crucial in global efforts to combat climate change, with huge falls in the unit costs of wind and solar helping to speed their move into the mainstream.

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Indian refiners scout for oil deals ahead of EU ban on Russian crude

Indian Oil Corp, the country's top refiner, and Bharat Petroleum Corp are seeking term deals with countries, including the United States, industry sources said. The move towards term deals marks a shift in refiners' purchasing strategy, which had been geared towards maximising spot purchases in past years when supplies were abundant.

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OPINION: Managing end-of-life PV modules in India: A policy perspective

On-time policy intervention can help avoid future catastrophic consequences arising from mountains of EOL modules.

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US takes step to advance use of Cold War-era law for clean energy

The department issued a request for information, asking the public to determine how best to use the Defense Production Act, or DPA, to boost manufacturing and lower energy costs for consumers.

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Opinion: Government’s new PLI incentives shine up India’s clean mobility

In India’s pursuit of becoming the third largest economy by 2030, addressing climate change challenges and meeting the sustainable development goals (SDGs) is a key concern of the country’s economy. In its endeavor to reduce the country’s overall carbon footprint, India has set an ambitious target to install 450 GW of renewable energy by 2030, which includes 280 GW of solar power.

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EESL installs 30 lakh smart meters in Bihar, UP, others under Smart Meter National Programme

"The company has agreements with the state-designated agencies and utilities in these regions for the large-scale deployment of smart meters. EESL further aims to install a total of over 47 lakh smart meters by December 2023," it said.

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Adani Green Energy forms 3 new step down subsidiary companies for renewable energy business

"Adani Renewable Energy Holding Four Limited has incorporated 3 new subsidiaries. The main objective of the new subsidiaries is to generate, develop, transform, distribute, transmit, sale, supply any kind of power or electrical energy using wind energy, solar energy or other renewable sources of energy," it said.

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Russia becomes India’s 2nd-largest crude supplier

“India may consider importing more Russian crude this quarter as refiners ramp up runs to meet the seasonal rise in domestic demand and higher export demand from Europe, but it all hinges on prices of Russian crude offered to them relative to the rival Middle East and West African grades,” said Serena Huang, an analyst at Vortexa.

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Russia becomes India’s 2nd-largest crude supplier

Russia’s share in the Indian crude market may rise further if the European Union keeps its promise of banning Russian crude imports from December. Discounts on Russian crude are expected to rise with fewer buyers in the market.

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Apex court stops power gencos from cutting off supply to BSES

The BSES claimed that the judgement has prevented black-outs in the national capital during the festive season, thereby protecting the interests of around 5 million power consumers or around 2 crore residents of south, east, west and central Delhi.

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Petrol, diesel sales jump in September as festival season approaches

Petrol sales soared 13.2 per cent to 2.65 million tonnes in September when compared to 2.34 million tonnes of consumption in the same month last year. Sales were 20.7 per cent higher than Covid-marred September 2020 and 23.3 per cent more than pre-pandemic September 2019.

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India makes strong pitch to major US firms for investing in oil and gas production

MoPNG Secretary Pankaj Jain, in his keynote address to potential investors from over 50 companies; oil and gas majors, financial institutions, private equity firms, service providers and academicians, made a strong pitch to investors interested in doing business with India.

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Punjab to construct energy conservation building

State New and Renewable Energy Sources Minister Aman Arora said the Housing and Urban Development Department has allocated a land of 1,500 sq metre to PEDA for construction of the super ECBC building in Sector 65 to showcase the energy efficiency in the buildings.

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Bhopal railway division adopts energy conservation methods to save on power bills

The Bina station's solar plant was in June this year awarded the Best Use of Zero Carbon Technology in Planet Category at the International Sustainable Railway Awards held in Berlin, Germany, he said.

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Solar PLI of Rs 20k cr puts focus on efficiency levels

The selection criteria under the first tranche had separate marks for capacity and integration levels, where value-addition and capacity were being used as a secondary criteria to address situation of ties among competing firms.

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Suzlon Energy founder Tulsi Tanti passes away

On his way back home from the Pune airport, Tanti felt uneasy in his car and died even before he could be taken to the hospital. He is survived by his wife Gita, son Pranav and daughter Nidhi. Most of his family members were not in the city and flew in on Sunday.

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SJVN aims to become 50,000 MW company by 2040: CMD

SJVN’s CMD Nand Lal Sharma while addressing media persons in Shimla on Friday said that SJVN has been continuously looking for opportunities for setting up Solar, Wind, Hybrid, Floating Solar, Ocean Hybrid Platforms Pan India. These opportunities are generally in the form of Competitive Bidding processes.

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City gas discoms fear spike in natgas prices will hurt margins, expansion plans

The spike in the international prices of natural gas triggered by Russia-Ukraine war, disruption in global supplies and its impact on cost of RLNG (regasified liquefied natural gas) sourced from the global market has multiplied the cost of gas sourcing for CGD entities.

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Festive season pushes petrol, diesel sales in September

Sales of Petrol surged 13.2 per cent to 2.65 million tonnes in September as compared to 2.34 million tonnes of consumption in the corresponding period of last year. Sales were 20.7 per cent higher than Covid-marred September 2020 and 23.3 per cent more than pre-pandemic September 2019.

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Windfall profit tax cut on domestic crude oil, diesel; scrapped for ATF

The tax at the rate of Rs 5 a litre on Aviation Turbine Fuel (ATF) exports was scrapped with effect from October 2, according to a finance ministry notification issued late Saturday night.

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Oil PSUs sell more fuel in September

Compared to August this year, sales of petrol fell 1.9% and that of diesel rose 1.3% in September, according to the preliminary sales data obtained from state-run oil companies.

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R&D needed to bring down green hydrogen production cost: NSEFI Chairman

Many PSUs and leading Indian corporates have announced their large green energy investment plans, Mehta said in a session at the event, according to a media statement issued by National Solar Energy Federation of India (NSEFI).

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NTPC clocks 15.1 pc growth in power generation during Apr-Sept

NTPC Rihand (3,000 MW) in Uttar Pradesh was the top performing thermal power plant with 90.22 per cent Plant Load Factor (PLF or capacity utilisation) between April to September 2022. Overall PLF of NTPC coal stations stood at 76.3 per cent in the period under review.

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CNG, PNG to cost more as prices of natural gas hiked by 40%

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