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Energy Management News Updates FEB 2024

Read what is happened in world of energy management in this blog from NTPC School of Business offering Energy Management Courses for Graduates and Executive.

February Energy Management News from Updates -NTPC School of Business

Top Stories
 
India’s renewable energy capacity reaches 188 GW, aims for 50% non-fossil fuel power by 2030: President Murmu
 
Hygenco to invest $2.5 bn over 3 years to set up Green Hydrogen projects in India
 
Cleantech Solar secures Rs 6.25 Billion loan from Tata Capital
 
India’s electric two-wheeler sales surge 34.42% in Q3 FY 24, anticipation high for FAME III scheme
 
Venture capital funding in energy storage increases 59 per cent year-over-year: Report
 
SECL partners with HLL Lifecare to launch Amrit Pharmacies in hospitals
 
Nebula Energy buys majority in AG&P LNG, targets expansion in Asian LNG market
 
Oil & Gas
 
Budget 2024: What to watch out for in India’s pre-Lok Sabha election Budget
 
North East LPG cylinder carriers of IOC go on indefinite strike
 
Export of petroleum products falls to 15-month low in Jan Financial Express
 
 
The world’s last wave of oil refining bets all about India
 
Accelerating the Adoption of Digital Twin in India’s Energy Landscape to Elevate Value and Efficiency
 
Renewable
 
NTPC gets DIPAM nod to list arm NTPC Green Energy to raise Rs 10,000 cr
 
India needs a green grid fund in Union Budget to build transmission networks, says Sterlite Power MD on Budget expectations Moneycontrol
 
Suzlon Q3 net profit jumps to Rs 203 crore
 
CSL bags global order for construction of hybrid service operation vessels
 
Tata Power-DDL, ASCI partner for skill training in power, renewable energy sectors
 
Moody’s affirms UltraTech Cement’s Baa3 ratings with stable outlook, cites strong credit metrics
 
Budget 2024: Fueling growth for the renewable energy sector
 
Pre-Budget Expectations: Integrating DeepTech into Pre-Budget Discussions on Air Quality
 
OPINION: Solar rooftop on 1 crore homes Making it happen
 
Power
 
Ola Electric January registrations at record high of 31,000 with 40% 2W market share
 
Omega Seiki Mobility plans hydrogen-powered SCVs with French technology
 
NTPC to bid for stressed KSK Mahanadi thermal power project in Chhattisgarh Business Standard
 
Bajaj Auto to launch CNG bikes in FY25, will be priced higher than petrol vehicles
 
Smart meters are a necessity and no longer a luxury for India’s power distribution sector
 
Union Government should consider inclusion of ZEVs as part of phase out policy for ICE trucks
 
Union Budget 2024: Expectations to Charge up and Catalyse the EV Sector
 
Coal
 
Coal powers 3.8% growth in India’s eight core industries, crude oil slips
 
Jindal Steel Q3 profit jumps as lower costs offset weak sales
 
Ambuja Cements Q3 profit rises two-fold to Rs 1,089.55 cr
 
India rebuilds coal stocks to ensure electric reliability: Kemp
 
International
 
Venezuela prepared for reimposition of US sanctions on its oil
 
UK lawmakers warn Russia skirting oil sanctions with ‘shadow’ tankers
 
Black smoke rising from Japan thermal power plant after explosion -NHK
 
China quietly expanding influence in Taliban-ruled Afghanistan
Top Stories
 
Budget 2024: Solar power’s allocation rises by 110 per cent
 
Adani’s USD 1.2 bn copper plant to boost India’s metal production
 
ONGC, IOC, other oil PSUs to invest INR 1.2 lakh crore in FY25
 
Government moving towards making electricity bill zero: PM Modi in Guwahati
 
Govt, industry discuss ways for successful implementation of PLI schemes
 
Oil & Gas
 
‘Modi-made jobs famine’ height of ‘anyay kaal’ of last 10 years: Congress
 
11 urea companies to get Rs 500 crore on settling gas marketing issue Business Standard
 
No adverse impact of Red Sea crisis so far on India’s trade
 
Renewable
 
Floating solar plants on water bodies to power Assam’s plan for 1,000 MW in 3 years
 
Rooftop solar charges up electric vehicle boom in India’s smaller cities Business Standard
 
 
OPINION: Interim Budget 2024: The ESG impasse
 
Power
 
PM lays foundation stone for 1st phase of NLC India’s Talabira power project in Odisha
 
Force Motors plans to invest around Rs 2,000 cr in 3-4 years, to focus on EV development: MD Prasan Firodia
 
Uber Green launched at Bharat Mobility Expo, Delhi
 
Coal
 
Tata Steel proposes additional GBP 130-mn support package for Port Talbot workers in UK: CFO

 
India’s power sector witnesses 60% growth, emerges as top investment destination since 2014-15: R. K. Singh
 
Power ministry directs states, UTs to align with resource adequacy guidelines amid rising demand
 
Energy sector veterans Manoj Kohli and Mahesh Makhija join Sunsure Energy board
 
India’s E-2W market shows resilience, registers growth amid reduced EV subsidies
 
India and Bangladesh to enhance connectivity with first trial movement of vessels
 
Indian Biogas Association pitches for Rs 30k cr investment for compressed biogas plants
 
Oil & Gas
 
ONGC Q3 profit falls 14 per cent to Rs 9,536 crore on lower oil prices
 
Vedanta Resources makes upfront payment of USD 779 mn to bondholders under restructuring exercise
 
TruAlt Bioenergy to expand capacity, invest Rs 600 cr for setting up plants
 
 
Commissioning of India-assisted refinery in Mongolia by 2026: Ambassador
 
Cairn to begin drilling across 4 blocks in Assam next month: Deputy CEO Business Standard
 
‘Rich’ to ‘lean’, four price changes — the story of India’s largest gas import deal
 
OPINION: SUVs – A discordant cog in India’s decarbonizing journey?
 
Renewable
 
Govt announces new centre for energy transition in collaboration with TERI
 
IREDA and IIT Bhubaneswar collaborate for sustainable development in renewable energy
 
Inox Wind to register profit over next few quarters on favourable market: INOXGFL
 
Adani Ports secures top position for climate actions
 
Chhattisgarh inaugurates biggest solar energy plant in Rajnandgaon
 
New scheme for solar rooftops Financial Express
 
Power
 
RECPDCL hands over five inter state transmission project SPVs to successful bidders
 
UP info commission issues arrest warrant as power dept ‘ignores’ RTI query on connection from 1911
 
Ashok Leyland progressing well in network expansion in North & East
 
Red Sea crisis impacting supply chain, expect recovery in coming months: Audi India Head
 
Domestic, rural consumers also driving power demand: Tata Power CEO Business Standard
 
Expect some impact on costs due to Red Sea crisis: Maruti Suzuki
 
Coal
 
Coal samples stolen from Singaji thermal power plant
 
Adani Power wins bid for Lanco Amarkantak coal plant in India Power Technology
  • MNRE brings back ALMM for solar modules; to be in effect from 1 April 2024
  • Nextracker, SWRE collaborate on 1.875 GW solar projects in Gujarat; global ties exceed 5GW
  • Rozgar Mela: PM Modi distributes over 1 lakh appointment letters to new recruits in govt depts
  • Nextracker triumphs over Red Sea disruptions, sets sights on expansion in India’s solar market: Nextracker CEO
  • Sterlite Power announces financial closure of Rs 2,400-cr Beawar transmission project from REC Ltd
  • Top 500 private companies valuation at USD 2.3 trn, around 71% of India GDP
    $2 trillion annual investment required to triple renewables by 2030: Report
    Procurement from GeM portal to cross Rs 4 lakh crore this fiscal: Official
    Oil & Gas
  • SC permits IOCL, ArcelorMittal firm to start arbitration to resolve dispute over Essar Steel
  • THINK Gas signs agreement with Megha City Gas for natural gas supply in Bhopal
    Vedanta’s aluminium business head says demerger process to be completed in next 9-12 months
  • India’s petroleum products demand to increase mid-single-digit percentage in 2023-24: Fitch
  • Centre receives Rs 1,863 crore from GAIL as dividend
  • India’s ONGC plans rouble payment for Sakhalin 1 stake
    Renewable
  • Hartek Power bags 113 crore solar project in Bihar from SJVN Green Energy
  • Apraava Energy bags new transmission Project in Madhya Pradesh
  • Gensol, Matrix Gas consortium win PLI bid for 63-MW green hydrogen electrolyser capacity
  • Alpex Solar IPO records 303 times subscription till final day bidding
    Union Ministers Khuba, Murugan hand over appointment letters to recruits in T’gana
  • Assam budget provides realistic roadmap for sustainable growth: Himanta
    NHPC Q3 net profit falls by 19pc to Rs 628 crore
  • Tata Motors joins LeadIT initiative to speed up transition to net zero
  • Switching to green power justly Financial Express
  • COP28: A Turning Point from Talks to Action
  • Okaya EV cuts prices of its entire range with discounts up to INR 18,000 till month-end
  • No subsidised power to ministers, govt staff: Assam CM
  • No more power connection to illegal constructions in Greater Noida
  • Enhancing the effectiveness of government incentives for energy storage systems
  • Uttarakhand to levy ‘green cess’ on vehicles entering state
    Is Gujarat becoming India’s detroit for EVs?
  • OPINION: Between well-designed incentive programs and their implementation

  • Coal India net profit rises 17 pc to Rs 9,069 cr in Q3
  • Steel Authority of India’s Q3 profit drops as imports dent sales, prices
  • Mine bidders to face penalties for delays; Centre proposes timelines 
    International

  • Trump-Biden 2024 election rematch promises economic pain for China

  • Gas booming for UN COP29 host Azerbaijan

  • Greta Thunberg marches in France against oil drilling

  • The $10 billion mistake that will revive Canadian oil

  • Iraq committed to OPEC, will not produce more than 4 mln bpd

  • Stellantis uses surplus plants in Europe as leverage in a fight with Rome

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