MEDIA UPDATE (DECEMBER 14, 2024)

14-Dec-2024

Power

NLC switches on Ghatampur power plant in UP

New Delhi : NLC switches on Ghatampur power plant in UP. : Economic Times

Powergrid Signs Two MoUs with Haryana State CSR Trust

New Delhi : PowerGrid Corporation Limited, a Schedule ‘A’, ‘Maharatna’ Public Sector Enterprise of the Govt. of India, has signed two MoUs with the Haryana State CSR Trust to fund the construction of a 100-bedded girls’ hostel and a teaching block and supply IT, medical, and music equipment at Government Girls College, Sector-14, Gurugram. : psuconnect.in

Banks should adopt renewable energy financing obligation: MNRE Secretary

New Delhi : Banks should adopt renewable energy financing obligation: MNRE Secretary. : Economic Times

India’s nuclear power capacity has doubled in last 10 years: Jitendra Singh

New Delhi : India’s nuclear power capacity has doubled in last 10 years: Jitendra Singh. : Economic Times

Mizoram launches scheme to install rooftop solar systems under PM-Surya Ghar

New Delhi : Mizoram launches scheme to install rooftop solar systems under PM-Surya Ghar. : Economic Times

Ambuja Cements commissions 200 MW solar project in Khavda

New Delhi : Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, has commissioned and started power transmission from its 200 MW solar power project in Khavda, Gujarat. : pv-magazine.com

These two PSUs signed MoU for clean energy projects

New Delhi : POWERGRID and ONGC, Maharatna giants of Government of India have signed a Memorandum of Understanding (MoU) to collaborate on Green Hydrogen and clean energy projects. : psuconnect.in

Premier Energies To Setup 1GW Of New Module Unit In Telangana

New Delhi : Premier Energies To Setup 1GW Of New Module Unit In Telangana. : saurenergy.com

Indus Towers, JSW Arm Invest Rs. 38.03 Cr For 130 MW Solar Project

New Delhi : Indus Towers, JSW Arm Invest Rs. 38.03 Cr For 130 MW Solar Project. : saurenergy.com

Ambuja cements commisions 200 MW solar power in Khavda, unlocking 70% savings in power cost

New Delhi : Ambuja cements commisions 200 MW solar power in Khavda, unlocking 70% savings in power cost. : Economic Times

Adani Green Energy’s arm commissions 250 MW solar project

New Delhi : Adani Green Energy’s arm commissions 250 MW solar project. : Economic Times

9,609 rooftop solar plants installed in Haryana

New Delhi : 9,609 rooftop solar plants installed in Haryana. : Economic Times

MP will provide solar irrigation pumps to 40,000 farmers in next 4 yrs: CM Yadav

New Delhi : MP will provide solar irrigation pumps to 40,000 farmers in next 4 yrs: CM Yadav. : Economic Times

Sterlite Power unit raises ?725 crore

Mumbai : A unit of Sterlite Power Transmission Ltd (SPTL) has raised ?725 crore in a primary funding round led by GEF Capital Partners and Enam Holding, according to a senior company official. Sterlite Power is Vedanta Group’s privately held power transmission arm. : Economic Times

India’s peak power demand to grow 18 GW annually from 2024-25 to 2029-30: Minister

New Delhi : India’s peak power demand is expected to grow at an average annual growth of 18 GW during solar hours and 16 GW during non-solar hours from 2024-25 to 2029-30, Minister of State for Power Shripad Yesso Naik told Parliament on Thursday. : psuwatch.com

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Oil and Gas

MRPL and ONGC Signs MoU

New Delhi : Mangalore Refinery and Petrochemicals Limited (MRPL), a Miniratna company and subsidiary of ONGC, has taken a significant step towards operational excellence and achieving new milestones. : psuconnect.in

Indian Oil shares gets upgraded by Brokerage firm, raises stock price target

New Delhi : Brokerage firm Jefferies has upgraded Indian Oil Corporation (IOC) Ltd, the largest state-run downstream oil refiner in India, from a “hold” rating to a “buy.” The firm has also increased its price target for Indian Oil from Rs 165 to Rs 185. This revised price target suggests a potential upside of 31% from Thursday’s closing price. : psuconnect.in

ONGC oil output bucks the trend after 8 years of decline

New Delhi : ONGC’s production trend is beginning to turn after eight straight years of fall as a key new field in KG Basin ramps up and the old Mumbai High asset arrests decline. : Economic Times

Oil edges lower on 2025 supply surplus forecast, but set to notch weekly gain

New Delhi : Oil edges lower on 2025 supply surplus forecast, but set to notch weekly gain. : Economic Times

Govt gives LoAs to 4 entities to avail incentives for coal gasification projects

New Delhi : Govt gives LoAs to 4 entities to avail incentives for coal gasification projects. : Economic Times

Moldova declares emergency for 60 days as risk of Russian gas cutoff looms

New Delhi : Moldova’s parliament voted early on Friday to impose a national state of emergency for 60 days starting on Dec. 16 due to an expected cut-off of Russian gas supplies from Jan 1. : Business Standard

Rosneft, Reliance agree on biggest ever India-Russia oil supply deal

New Delhi : Russia’s state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries, three sources familiar with the deal said. : Business Standard

Oil set for first weekly gain in three weeks

New Delhi : Oil prices rose more than 1 Percent Friday, heading for their first weekly rise since the end of November, as additional sanctions on Russia ratcheted up supply worries, while a surplus outlook weighed on markets. : Economic Times

Crude oversupply to hit 950,000 barrels per day in 2025, says IEA

New Delhi : Even as the Opec nations continue to prolong their production cuts, current market balances indicate global markets will see an oversupply of 950,000 barrels per day (b/d) in 2025, the International Energy Agency’s (IEA) Oil Market Report for December has pointed out. : Business Standard

Margins on petrol rise to Rs 13 per litre, diesel Rs 10 on lower crude: Report

New Delhi : The marketing margins on petrol and diesel have risen to Rs 13.60 per litre on petrol and Rs 10.70 on diesel on the back of muted oil prices and steady returns from refining operations during the ongoing quarter (October-December), brokerage Motilal Oswal Financial Services Ltd said in its latest market update on Thursday. : Times of India

Venture Global’s Plaquemines plant to produce first LNG in few days

New Delhi : Venture Global LNG is on track to inaugurate liquefied natural gas (LNG) production at its Plaquemines export plant in Louisiana as soon as this week, LSEG data showed on Thursday. : Business Standard

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On December 13

New Delhi : Petrol, Diesel Prices Today On December 13, 2024:Oil marketing companies (OMCs) update petrol and diesel prices every day at 6 AM to maintain transparency and account for the volatility in global markets. : news18.com

Indian Oil ED and State head TN, M Anna Durai to hold charge as Non-Executive Director of CPCL

Chennai : Shri M Anna Durai, Executive Director & State head Tamil Nadu state office, IOCL has been appointed by the Board of Chennai Petroleum Corporation Ltd as Non-Executive Director representing Indian Oil Corporation Limited (IOCL), the Holding Company, effective from 13.12.2024, the company made the exchange filing. : psuconnect.in

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