The MoU aims to both accelerate and de-risk Australia’s energy transition by enabling it to locally produce clean energy equipment such as PV modules, long duration battery storage and components for wind energy.
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Monday, July 31, 2023
NTPC arm gets letter of award for 550 MW solar project
"NTPC Renewable Energy Limited (NTPC REL) received the Letter of Award for 550 MW Solar Project at a tariff of Rs 2.56/kWh. The power will be utilised under a Government of India's scheme for flexibility in generation and scheduling of thermal power stations through bundling with RE capacity," it added.
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from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/tK0SN8y
Natural Hydrogen could change the world, if we understood it
In 2011, Montreal-based Hydroma Inc. unplugged a water well near Bourakébougou cemented up in 1987 after the air rising from it caused an explosion. The exhalations turned out to be 98% hydrogen, which was then burned to provide electricity to the village.
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from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/47ydqKH
Sunday, July 30, 2023
Govt to get significant stake in HPCL post preference issue
In June, the government asked IOC and BPCL to launch rights issues (to get the capital), and advised HPCL to make a preferential share allotment to the government.
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from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/7HKWv14
Kerala receives proposals worth Rs 30,000-cr for green hydrogen and green ammonia production, export
Earlier this year, the state released its draft green hydrogen policy and also announced a Rs 200-crore scheme for setting up two green hydrogen hubs
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from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/INGVCzE
EXPLAINER: What is the Forest (Conservation) Amendment Bill, 2023 and why it matters
The amendments have provided the executive the discretion to deal with a fair number of contentious issues which have existed so far, and while the issues of national importance and national security are clearly important and cannot be compromised with, there are some genuine concerns as well.
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from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/Z3DPlqS
Saturday, July 29, 2023
Consulate General of India in Nepal holds week-long LiFE mission event
The Indian Consulate in Birgunj stated in an official release that the aim of the mission launched in global scale is to nudge individual community action to protect and preserve the environment.
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Friday, July 28, 2023
'Temperature records broken, food insecurity increasing': Plea to G20 to triple renewable energy capacity by 2030
COP 28 or Conference of the Parties of the United Nations Climate Change Conference is scheduled to be held in Expo City, Dubai, from November 30 to December 12, this year. As a group, the G20 represents 85 per cent of the world's GDP and 80 per cent of the world's emissions.
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from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/PFaL36q
Adani tests demand for financings that may top $1 billion
The Indian group is in talks with Barclays, Deutsche Bank and Standard Chartered to borrow between $600 million and $750 million to refinance the debt taken on to finance its purchase of Ambuja Cements, Bloomberg reported Thursday.
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from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/HO8AW1l
Customers be asked to refund rebate on electric 2-wheeler purchases amid subsidy cancellation, says EV makers body
The Centre has sought INR 469 crore from seven electric two-wheeler makers, including Hero Electric and Okinawa for claiming incentives while not complying with the Faster Adoption and Manufacturing of Electric Vehicles (FAME) II scheme norms.
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Indian Energy Exchange net profit up 10 pc to Rs 76 crore in Q1
The company said in a statement that electricity volumes on the exchange grew 6.9 per cent year-on-year (y-o-y) to 23.7 Billion Units (BU) in the June quarter as against 22.2 BU a year ago.
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Tesla executives meet Invest India chief, may meet Piyush Goyal
“Tesla executives have met Rai and there are a spate of meetings lined up with other officials over the next few days, including with Goyal,” one of the people cited above said.
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Thursday, July 27, 2023
States' dues to power generating companies halved to Rs 61,025 crore: Power minister RK Singh
Various state utilities are approaching REC to sanction the loans. REC has provided loan assistance to various utilities for the procurement of coal.
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India achieves 70.10 GW solar energy against target of 100GW by year 2022
"The government had set a target of achieving 100 GW of solar power installed capacity in the country by the year 2022," Union Minister of Power and New & Renewable Energy R K Singh said in a written reply to Lok Sabha on Thursday.
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REC looking at rising share of renewables, private sector in business portfolio
The lender expects total financing for renewable energy projects to rise to Rs 3 lakh crore by 2030, Chairman and Managing Director Vivek Kumar Dewangan said at a press conference to announce June quarter financial results.
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from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/S3QfgFo
Relations with India key to Sri Lanka's economic growth: Minister
Addressing reporters on the recent visit of President Ranil Wickremesinghe to India where he met Prime Minister Narendra Modi among other dignitaries, Balasuriya said that there are possibilities of further strengthening the existing relationship between the two neighbouring nations.
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Nirmala Sitharaman, John Kerry discuss investment platform for greenfield renewable projects
"FM Smt. @nsitharaman and Mr. @JohnKerry U.S. SPEC @ClimateEnvoy exchanged views on joint efforts and commitments by both countries to achieve climate, economic and strategic technology cooperation goals," the finance ministry said in a tweet.
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Wednesday, July 26, 2023
BPCL net profit jumps to Rs 10,644 cr in Q1
The consolidated net profit of Rs 10,644.30 crore in April-June (first quarter of current 2023-24 fiscal year) compared to a net loss of Rs 6,147.94 crore in the same period last year, according to a company's filing with the stock exchanges.
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Bengal invites bids for Rs 4,700cr Bandu pumped storage power project
The project site is located in the Ajodhya Hill Area of Purulia district and has an estimated cost of Rs 4,700 crore. The project will be developed on a design-build-finance-operate-transfer (DBFOT) basis, with a project life of 40 years.
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GreenH Electrolysis to set up 1-GW electrolyser manufacturing plant in India
The company has already procured a 97,000 square feet facility in Reliance MET Industrial Park, Jhajjar district in Haryana for the first phase of the plant
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India has halved people without access to clean cooking since 2010: IEA
It said India's success story demonstrates how focused national efforts backed by public funding can have an impact, with the country providing 2-4 per cent of its population with clean cooking each year.
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NDMC plans new solar policy to shift completely to renewable energy
In addition to the broader arrangement of tying up with the renewable energy sources it is also incumbent upon the council to all possible potential of solar energy generation within its jurisdiction, Chahal said in a statement.
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Malaysia's reNIKOLA seeks up to $438 mln for renewable energy projects
Boumhidi Adel, reNIKOLA's managing director, said the Kuala Lumpur-headquartered company will be issuing a 390 million ringgit Islamic bond or sukuk in August, which he said will be the first sukuk to be climate bonds certified.
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Tuesday, July 25, 2023
NDMC plans new solar policy to shift completely to renewable energy
In addition to the broader arrangement of tying up with the renewable energy sources it is also incumbent upon the council to all possible potential of solar energy generation within its jurisdiction, Chahal said in a statement.
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from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/OPryBvU
Oriana Power IPO to open on Aug 1; fixes price band at Rs 115-118 per share
The company's shares will be listed on SME Emerge platform of the National Stock Exchange. The IPO of Oriana Power will comprise 50.55 lakh equity shares with a face value of Rs 10 each.
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Waaree Renewable Technologies Limited reports increase in revenue by 36% in Q1FY23
The solar developer has an unexecuted order book of 856 MW, scheduled to be carried out over the next 9 to 12 months.
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India is uniquely positioned to seize regional wind energy supply chain opportunities
Offshore wind in India is also expected to move forward rapidly. Significantly, India is in a unique position to leverage growing export and international service opportunities in the Asia Pacific and European regions.
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Monday, July 24, 2023
Battery PLI aspirants split on capacity to be offered for bids
Under the present regime, companies need to bid for a setting up at least 5 GW of ACC battery manufacturing capacity. These are new generation advanced storage technologies that can save electric energy either as electrochemical or as chemical energy and convert it back when required.
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PM Modi to inaugurate IECC complex at Pragati Maidan on Wednesday
The IECC complex has been developed as India's largest MICE (Meetings, Incentives, Conferences, and Exhibitions) destination. In terms of the covered space available for events, the IECC Complex finds its place among the top exhibition and convention complexes in the world, it said.
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Sunday, July 23, 2023
Power consumption grows marginally by 1.8 pc to 407.76 bn units in Apr-Jun quarter
The peak power demand rose to 223.23 GW in April-June 2023 from 215.88 GW in the same period in 2022. It was 193.99 GW in April-June 2021. Thus, the peak power demand growth has remained subdued in the first quarter of the current fiscal.
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from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/9sYNcIU
OPINION: Digital public infrastructure and energy transition
As they say, nothing can stop you except your imagination. It is equally true for the range of possibilities where energy transition can piggy back on our robust digital public infrastructure
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from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/miIbOpl
India working on mission mode on green hydrogen, aims to make country its global hub: PM Modi
He added for a just, affordable and inclusive clean energy transition, it is important that the Global South is not left behind
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Friday, July 21, 2023
Reliance Industries net profit drops 11 per cent on weak O2C business
Net profit was Rs 16,011 crore, or Rs 23.66 per share, in April-June - the first quarter of current 2023-24 fiscal year - compared with Rs 17,955 crore, or Rs 26.54 a share, earning a year back, according to a company's stock exchange filing.
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from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/47QemaZ
Power Finance Corporation to lend Rs 2.37 lakh crore to 20 clean energy projects
PFC is looking to fund projects like offshore wind, pumped hydro storage, solar modules and cells, among others in the clean energy space, the company said in a statement issued from Goa at a G20 function.
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ACME Group secures Rs 4,000-cr loan from REC for Oman green hydrogen project
The amount will be used to commence the first phase of the project, to be established at the Special Economic Zone (SEZ) in Duqm, Oman, a company statement said.
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Thursday, July 20, 2023
G20 Energy Transition Working Group meet: Union govt secretary, Goa CS bat for solar energy
The challenge to provide 'Universal Energy Access' cuts across other global energy transition issues and, hence, there was need to make rapid strides towards providing reliable, sustainable and affordable energy access to all or else progress in others areas would get hampered, he said.
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from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/V4hsvnm
Ola Electric targeting USD 1.5 billion sales this year, pre-subsidy cut document shows
According to the document, which was prepared ahead of investor meetings for Ola's planned IPO worth up to USD 700 million and was reviewed by Reuters, the company is also targeting USD 220 million in operating profit for the year to end-March.
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from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/cxdKFPy
Wednesday, July 19, 2023
India should target 100 pc electrification of 2 and 3-wheelers by 2030: Amitabh Kant
"When India urbanises, our urbanisation should be compact. There should be good livability. In India, we must first go for electrifying two and three-wheeler vehicles," the former NITI Aayog CEO said.
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from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/iGlUZwc
IOC signs $7-9 bn LNG import deal with UAE's ADNOC Gas
In a statement, ADNOC Gas said the agreement with IOC for the export of up to 1.2 million tonne per annum (mmtpa) of LNG is "valued in the range of USD 7 billion to USD 9 billion over its 14-year term, signifies a major step forward in the partnership between the two industry leaders."
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from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/H2GOBkn
First Solar to make solar panels in India; no China input: US energy secretary Jennifer Granholm
The US and India will endeavour to develop a first-of-its-kind, multi-billion dollar investment platform aimed at providing catalytic capital and derisking support for such projects, according to the India-US joint statement issued at the summit.
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from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/jhM0Oid
US-based Husk Power Systems to close $100 million equity in debt this year
Brent said the company has been able to attract over $40 million equity in debt and expects that in Q3 of 2023 it will close another $100 million in debt to finance the next stage of our growth.
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Solar Module PLI scheme expected to save Rs 90,000 cr in forex: CareEdge Report
The report highlights the significance of the Production-Linked Incentive (PLI) scheme, which has been allocated Rs. 18,000 crore, in fostering a robust solar module domestic manufacturing ecosystem. This move is expected to lead to a reduction in module prices from 28-30 cents/watt to 21-22 cents/watt, giving a substantial boost to capacity installations.
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from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/vGgTq2P
Solar Module PLI scheme expected to save Rs 90,000 cr in forex: CareEdge Report
The report highlights the significance of the Production-Linked Incentive (PLI) scheme, which has been allocated Rs. 18,000 crore, in fostering a robust solar module domestic manufacturing ecosystem. This move is expected to lead to a reduction in module prices from 28-30 cents/watt to 21-22 cents/watt, giving a substantial boost to capacity installations.
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from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/vGgTq2P
Tuesday, July 18, 2023
India, US notify WTO about mutually resolving all six trade disputes
With this, all the six trade disputes have been resolved. India would also notify removal of additional customs duties on eight American products like apple soon.
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from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/qIxVLRr
India explores option of building gas storage: govt official
Last year, India had to ration gas to fertiliser and other sectors after imports under a long-term deal with Russia took a hit due to the Ukraine war.
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Gautam Adani: Hindenburg report combination of targeted misinformation, discredited allegations
Speaking at the AGM of his group companies, he said that on the eve of Republic Day this year, US-based short-seller Hindenburg Research published a report to short group stocks just as it was planning to launch the largest Follow-on Public Offering in India's history.
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Financing remains a challenge for electric mobility in India: CII Report
Strategies for promoting Maas should ensure seamless integration and offer multiple options to consumers to create the necessary nudge towards adopting shared mobility, it said.
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Monday, July 17, 2023
Regulator rejects Adani's application for Noida city gas licence
A firm can retail CNG or piped natural gas in a city only if it is authorised by the regulator or had permission from the central government prior to the regulator coming into existence.
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from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/rhKP0J5
Adani’s go-to bankers at Barclays turn cautious after Hindenburg
Adani’s troubles underscore the delicate balance facing global banks as they support lucrative but potentially risky clients in markets like India. Barclays’ revenue from Asia has more than doubled in the last six years, with India leading the way.
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from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/W572y3N
Maha: Aurangabad Industrial City's admin building to run on solar energy
The seven-storey AURIC Hall houses the administration office of the Shendra and Bidkin node of the Delhi-Mumbai Industrial Corridor (DMIC) here, the official said.
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Sunday, July 16, 2023
Ola advances plan for IPO as electric scooters take off in India
The company, whose backers include SoftBank Group Corp. and Tiger Global Management, has become leader in India’s electric-scooter market with a 38 per cent share.
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ONGC revamp: New director to spearhead new energy, petrochemicals business
ONGC aims to draw synergies from the merger of its onshore and offshore divisions in creating a director for production, which is headed by Pankaj Kumar.
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IITM, Pune signs MoU with Tezpur University to assess net ecosystem exchange of carbon dioxide in Kaziranga
The MoU was signed on Saturday in the virtual presence of Union Minister of Earth Sciences Kiren Rijiju and the department secretary Dr M Ravichandran, an official release said.
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India, UAE sign MoU for planning to establish IIT-Delhi campus in Abu Dhabi
The MoU was signed following talks between UAE President Sheikh Mohamed bin Zayed Al Nahyan and Prime Minister Narendra Modi in Abu Dhabi. Modi was in UAE on a day long visit following his France trip.
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Reforms improved financial viability of the power sector: VK Singh, REC director-technical
While land and grid availability can be challenging for developing new green energy projects, policies of the government and support from states have been encouraging, he tells Shilpy Sinha.
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Incentives under SIGHT programme will enhance cost-competitiveness: Industry
Renewable energy accounts for 70 per cent to 80 per cent of the total input cost in green hydrogen production
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from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/auTkfoj
Saturday, July 15, 2023
India's first trans-national power plant of 1,600 MW capacity commissioned by Adani Group
The Godda USCTPP, which marks the Adani Group’s entry into transnational power projects, is India’s first commissioned transnational power project where 100 per cent of the generated power is supplied to another nation.
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Friday, July 14, 2023
Power Minister R K Singh directs officials to remove bottlenecks for early completion of ISTS
India's commitment is to achieve the target of 50 per cent of installed electricity generation capacity from non-fossil sources by 2030, and development of associated transmission infrastructure is key to achieving the target.
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Indian refiners used yuan to pay for some Russian oil imports: official
India became one of the biggest buyers of Russian crude after Western sanctions imposed on Moscow over the Ukraine war dragged down prices, but the South Asian country has been on the lookout for alternatives to the dollar for settling payments.
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Shell looks to expand presence in India, build capabilities in niche skills
The company employs more than 11,000 people in India spread across a diverse range of businesses - hardcore technology in the wet and dry lab research centres, as well as gas, power, mobility, and lubricants. It plans to set up more than 10,000 charging points across India by 2030.
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Govt may raise up to Rs 22k crore through green bonds in FY24
About half of the green bond proceeds are expected to be deployed in railways in this fiscal, followed by projects in new and renewable energy (32%), housing and urban affairs (15%), environment and climate change (1%) and others.
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Thursday, July 13, 2023
Union Power Minister reviews progress of development of inter-state transmission system
During the meeting here, emphasis was laid on completing the projects in a time-bound manner across the country, according to an official statement.
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Tables turning for India’s solar story: Exports see 364 per cent sharp increase in FY23
India’s solar cell and module exports by domestic original equipment manufacturers (OEMs) stood at Rs 8,840 crore in financial year 2022-23 (FY23), which is a whopping 364 per cent increase from Rs 1,819 crore in FY22, according to data shared by ICRA.
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Cabinet clears amendment to MMDR Act to allow private entities in lithium mining
Sources aware of developments said that out of the list of critical minerals, a few of them have been brought under the proposed amendment, which will allow their mining by the private entities.
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Wednesday, July 12, 2023
World Bank, Asian Development Bank and SIDBI to fire up EV finance with a USD 1 billion fund
In addition to the creation of a billion-dollar fund aimed at financing electric vehicles, they are also in active discussions with the US-based investors willing to be part of the payment security mechanism (PSM) for the electric buses, said a top official at NITI Aayog.
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Adani aims to close planned $4 billion fundraising by end-December: Report
The Adani Group is aiming to close the fundraising before end 2023, said the source, who declined to be named as the discussions are private.
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IGGL, ONGC signs three agreements to connect ONGC’s Natural Gas fields with North East Gas Grid
Indradhanush Gas Grid Ltd is laying a 1656 km long Natural Gas pipeline connecting the capital cities and the demand centres of all the eight north eastern states.
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LOHUM and Altigreen form strategic partnership for sustainable EV battery disposal
LOHUM, registered as an Extended Producer Responsibility (EPR) partner under India's Battery Waste Management Rules (BWMR 2022), will facilitate Altigreen in meeting its recycling targets seamlessly.
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Tuesday, July 11, 2023
UP govt approves two thermal power projects worth Rs 18,000 crore in Sonbhadra's Obra
The projects will be executed by the government with a 50:50 partnership with central government-owned power generator NTPC. While 30 per cent equity will be given for the implementation of the projects, the rest 70 per cent of the amount will be arranged from financial institutions, the statement said.
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Financial Power Pact for climate action
India's conception of the pact, with its focus on finance, goes beyond ensuring accessible flows to developing countries. It also deals with measures to get the global economy back on track, making digital public infrastructure accessible, easing trade and investment, and reforming multilateral development banks (MDBs).
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Oil & Gas tops the list of sectors with $2 trillion debt facing high exposure to water risk
The extraction of fossil fuels requires prodigious quantities of water, which is critical for oil drilling, hydraulic fracturing, crude oil and coal processing, coal dust suppression and refinery cooling systems.
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Historic dip in Chinese solar module prices set to boost India's solar capacity addition
What has caused the latest record drop in the prices of Chinese solar modules and what will be the implications for India in terms of its capacity creation, competitiveness of local manufacturers and solar import bill? ETEnergyworld takes a look.
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Monday, July 10, 2023
Government of Meghalaya NTPC sign MoU to enhance power supply
The signing ceremony took place at New Delhi in the presence of Chief Minister Conrad K Sangma, Power Minister Abu Taher Mondal, Gurdeep Singh, Chairman and Managing Director of NTPC Limited and Sanjay Goyal, CMD, MeECL.
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Sebi differs with SCs expert panel in Adani row
A Supreme Court-appointed expert committee had stated that it saw “no evident pattern of manipulation” in Gautam Adani’s companies .
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Bids invited to set up green hydrogen production units
The SIGHT programme is a part of India's National Green Hydrogen Mission launched in January, with an outlay of Rs 17,490 crore for green hydrogen capacity as well as electrolysers. Of this, Rs 13,050 crore is for green hydrogen capacities till financial year 2029-30.
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Odisha approves 11 industrial projects worth Rs 3266-crore investment
The projects are spread across diverse sectors such as metal downstream and ancillary, chemicals, food processing, agro processing, plastics, textiles apparel, IT & ESDM, and renewable energy.
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Bids invited to set up green hydrogen production units
The SIGHT programme is a part of India's National Green Hydrogen Mission launched in January, with an outlay of Rs 17,490 crore for green hydrogen capacity as well as electrolysers. Of this, Rs 13,050 crore is for green hydrogen capacities till financial year 2029-30.
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Sunday, July 9, 2023
Huge opportunity in electric tractors trucks segment: Tube Investments of India
The company, part of the diversified conglomerate Murugappa Group, is currently engaged in the manufacturing of e-tractors at its facility in Apex Park in Chennai and for e-trucks in Manesar in Haryana, Executive Chairman M A M Arunachalam said.
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Russia oil discount to India shrinks to $4 delivery charges remain opaque
The USD 11-19 per barrel shipping costs from the Russian ports to India - some of it on the 100+ tankers reportedly acquired by Russian actors for a shadow fleet - are higher than rates for comparable distances, such as a voyage from the Persian Gulf to Rotterdam.
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Adani raises $1.4 billion from stake sale in 3 companies; $9 billion raised in 4 years
In a statement, the ports-to-energy conglomerate said it "is committed to raising capital to fulfill its 10-year roadmap of the transformative capital management program, which was formulated in 2016 to execute the plans for various portfolio companies."
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World Energy Independence Day - Why it matters for India
As we commemorate World Energy Independence Day, taking note of India's remarkable progress in clean energy transition is paramount.
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Friday, July 7, 2023
Govt invites bids for 1500-MW electrolyser manufacturing capacities under green hydrogen mission
The SIGHT scheme is a part of India’s National Green Hydrogen Mission launched in January. The Solar Energy Corporation of India, under the Ministry of New and Renewable Energy, is the implementing agency for the scheme.
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Vedanta Group rejigs semiconductor biz brings it under Twin Star
"The acquisition will be effected by way of a share transfer at face value of Twin Star Technologies Limited's (TSTL) Semiconductor and Display SPVs. TSTL is a wholly owned subsidiary of Volcan Investments Limited, the ultimate holding company of Vedanta Limited," Vedanta said in a statement.
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Indian Oil Corp to raise $2.7 billion through share sale
IOC, the country's top refiner, has not specified which projects the newly raised funds would target. It said it would give further details on the rights issue, including the price and timing, after a board approval.
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We need to start talking about methanol for Indias energy transition journey: Mohit Bhargava CEO NTPC REL
“We need to start talking about methanol rather than only ethanol for India’s long term journey towards energy transition because it is circular,” he said while speaking in a panel discussion at The ETEnergy Leadership Summit 2023 held from 19-20 June here.
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We need to start talking about methanol for Indias energy transition journey: Mohit Bhargava CEO NTPC REL
“We need to start talking about methanol rather than only ethanol for India’s long term journey towards energy transition because it is circular,” he said while speaking in a panel discussion at The ETEnergy Leadership Summit 2023 held from 19-20 June here.
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Thursday, July 6, 2023
JSW Steel aims to double capacity to 50 MT in 3 yrs; renewables to power all plants: Sajjan Jindal
"Today, at JSW Steel we are at 28 million tonnes capacity and next year we will be 37 million tonnes capacity and (in) three years' time we will be 50 million tonnes capacity," he said.
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Adani Green to raise Rs 12300 cr to fund expansion
Adani Green Energy Ltd in a stock exchange filing said its board has approved raising up to Rs 12,300 crore through an issue of equity shares by way of qualified institutional placement (QIP).
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RIL Adani Total Gas planning plants for compressed biogas
These plants will be of upto 30 tonnes per annum capacity. Five plants will be set in the next five years. The rest would come up later. The companies would invest up to Rs 2500 crore each in setting up these plants.
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Shadow over solar energy in city
Tangedco has all the details about installing rooftop solar power systems on its website, including the subsidy part. TEDA has a list of empanelled vendors whom consumers can approach. But what is on paper does not always transpire into reality.
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Punjab utility bids for GVK Power plant
Ravi Sethia, the RP backed by KPMG, did not respond to ET's request for comments. He has admitted ₹6,584 crore in claims from 12 financial creditors.
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Wednesday, July 5, 2023
Fundraise by BPCL and Indian Oil to aid capex emissions cut: Fitch
IOCL board will meet on 7 July to consider raising of capital through a rights issue to fund its capital expenditure plan, the company said in a regulatory filing.
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Adani promoters may pare more stake in group companies
The promoters have so far sold stakes to US-based GQG Partners and are in discussions with other global investors to potentially divest more, they said.
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Government will partner with industry in developing cutting-edge technology for green hydrogen ecosystem: Centre
As part of its quest towards energy transition, the government has brought together stakeholders from India and across the world, in order to explore how we can establish a Green Hydrogen ecosystem and foster a systemic approach for meeting the global goals for decarbonization through Green Hydrogen.
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Our green hydrogen will be cheapest in the world: R K Singh renewable energy minister
Speaking of greening the heavy industries, Singh added that India will have pilots for green steel as well
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India's first Green Hydrogen fuelling station to start within 3 months
The project will produce 80 Kg per day of 99.97 per cent pure hydrogen that will be compressed, stored and dispensed
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India's Genus Power partners with GIC affiliate for funding smart metering projects
Additionally, GIC will also invest 5.19 billion rupees ($63.29 million) via its Chiswick Investment Pte in Genus Power through warrants, representing 15% in the Indian company.
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China takes the trade fight to Europe targeting the green transition
The same dynamic is also playing out with the EU’s policy on China, with certain nations unwilling to put their trade relationship with the world’s second-largest economy at risk.
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Tuesday, July 4, 2023
India has contributed only 4 per cent to global GHG emissions since 1850: V K Saraswat
Speaking at the 11th Subir Raha Memorial Lecture here, Saraswat said while renewables will contribute to 25 per cent of carbon emissions abatement, the crucial role of Carbon Capture and Storage (CCS) and Carbon Capture and Utilization (CCU) cannot be understated, accounting for 6 per cent.
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ONGC Videsh awaiting clarity on equity structure over Kenyan oil field bid says executive
Other Indian companies that are likely to partner with OVL for the stake buy are also evaluating a stake purchase, said the executive, who was not authorised to speak to the media.
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NextEnergy Capital raises initial $480 million for fifth solar fund
The first close of its NextPower V ESG strategy included $330 million in direct commitments to the fund and $150 million from investors planning to co-invest alongside it. Investors included Norwegian pension fund KLP, it said in a statement.
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Nations haggle over targets to cut shippings huge emissions
Shipping’s climate impact rarely gets the same attention as planes or cars. But it’s still a major polluter, responsible for almost 3 per cent of manmade CO2 emissions. Seaborne trade is expected to get even bigger between now and 2050, making the industry’s energy transition — or lack of — all the more important.
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Monday, July 3, 2023
Indian crude imports from Russia dip in June
India imported 1.8 million barrels per day (mbd) of Russian crude in June. China imported 1.6 mbd of seaborne Russian crude in June, 12 per cent more than in May, and Europe took 0.42 mbd, 28 per cent more than in the previous month.
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India refiners start yuan payments for Russian oil imports: sources
Western punishments over Russia's invasion of Ukraine have shifted global trade flows for its top export, with India emerging as the largest buyer of seaborne Russian oil even as it casts about for how to pay for it amid shifting sanctions.
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COP28 host UAE pledges to triple renewables
The UAE, one of the world's biggest exporters of emissions-producing crude oil, also unveiled national strategies on hydrogen and electric cars.
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PTC India likely to clock 20 pc growth in power trading in FY24: CMD Mishra
PTC India's trading activities include long-term trading of power generated from large power projects and short-term trading arising from supply and demand mismatches, which inevitably occur in various regions of the country.
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NSE explores carbon credit market introducing electricity derivatives
The world's largest derivatives stock exchange also plans to introduce derivative contracts based on the indices of the corporate bond index and government bond index, subject to clearance from regulators.
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Sunday, July 2, 2023
Indian Oil to convert 50 per cent of its refineries' hydrogen use to green by 2050 says Dir - R&D SSV Ramakumar
He also said that the country's first green hydrogen plant operating on a commercial scale will be at their Panipat refinery, which will have 7,000 mtpa capacity
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from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/8XAlykq
COP28 will promote climate justice worldwide: Jusoor International President
Speaking at the 53rd Regular Session of the UNHRC, he expressed his confidence that the 28th Conference of the Parties (COP28) to the UN Framework Convention on Climate Change (UNFCCC), which the UAE will host next November in Expo City Dubai, will act as a leading platform to promote climate justice worldwide.
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NTPC says coal production doubled in first quarter of current financial year
The company said in a statement it has achieved an impressive coal production of 8.48 million tonnes (MT) during Q1 FY24, as compared to 4.27 MMT in Q1 FY23.
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from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/8uAGetO
Indian Oil to convert 50 per cent of its refineries' hydrogen use to green by 2050 says Dir - R&D SSV Ramakumar
He also said that the country's first green hydrogen plant operating on a commercial scale will be at their Panipat refinery, which will have 7,000 mtpa capacity
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from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/8XAlykq
Saturday, July 1, 2023
Loan sanctions by IREDA grew 36 per cent to Rs 32586 crore in 2022-23
The PSU, that operates under the aegis of the Ministry of New & Renewable Energy (MNRE), held its 36th Annual General Meeting (AGM) here on 30 June. The annual accounts for 2022-23 were adopted at the AGM.
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Centre mulls floating LNG storages at major ports
These plans align with India's objective to decarbonize its ports and promote environmentally-friendly practices
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from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/gCFBfQP
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