Category: oil-&-gas
India’s power consumption grows slightly to 131.54 billion units in February
India’s power consumption in February increased to 131.54 billion units, up from 127.34 billion units last year. Peak power demand also rose to 238.14 GW. The Indian Meteorological Department predicts a hotter-than-usual March, with more heatwave days, leading to higher power usage due to fans, coolers, and air conditioners.
Hindustan Power to invest Rs 620 crore in solar and battery energy storage projects in Assam
Hindustan Power, led by Ratul Puri, commits Rs 620 crore to power and battery energy storage projects in Assam. The MoU signed at Advantage Assam 2.0 will see the development of a 100 MW solar power plant and a 100 MW battery storage system, creating over 5,000 man days of employment.
L&T secures new power transmission orders in India, overseas
Larsen & Toubro’s power transmission and distribution vertical has won new domestic and international contracts. In India, it will handle the transmission for a Renewable Energy Zone in Uttar Pradesh and a non-fossil fuel-based power plant in the south. International orders include a Gas Insulated Substation in Saudi Arabia and a new grid station in…
KSK Mahanadi lenders to seek nod to claim excess cash
Creditors of KSK Mahanadi Power are seeking NCLT’s approval to distribute ₹4,300 crore of surplus cash before the fiscal year-end. JSW Energy’s winning bid requires payment completion by May, so an interim cash distribution is being requested to settle lenders’ dues promptly.
Coal India waives financial coverage charge for non-power sector consumers
Coal India Ltd has waived the requirement for non-power sector consumers to pay financial coverage for ten days’ worth of coal supplied via rail transport. This initiative reduces transactional complexities and financial burden, improving cash liquidity and further streamlining coal supply operations in line with the ease of doing business efforts.
After HPCL, government headhunter fails to find right candidate BPCL top job
The government’s Public Enterprise Selection Board (PESB) has struggled to find suitable candidates for top positions at major oil companies like Bharat Petroleum (BPCL) due to most applicants lacking multidisciplinary experience. PESB recommended the formation of a search-cum-selection committee to address the issue, highlighting BPCL and other oil firms’ failure in creating leaders with diverse…
NTPC Group achieves fastest 400 BU power generation in FY25
NTPC has achieved its fastest-ever generation of 400 Billion Units in FY2024-25, a milestone reached in just 335 days. With over 77 GW of installed capacity and 29.5 GW under construction, including renewable energy, NTPC is committed to further expanding its green energy initiatives by 2032.
India’s oil imports from Russia plunge to lowest in two years
India’s crude oil imports from Russia have reached their lowest level since January 2023 due to stringent US sanctions affecting supply chains. In February, imports decreased by 14.9% to about 1.4 million barrels a day, while shipments from Iraq and other countries increased to compensate for the reduced Russian supply.
India builds world’s longest LPG pipeline to cut costs & deadly road accidents
India’s state-run refiners will fully commission the world’s longest liquefied petroleum gas pipeline by June, significantly reducing transportation costs and minimizing road accidents. The $1.3 billion project spans 2,800 kilometers from Kandla to Gorakhpur and will transport about 8.3 million tons of LPG annually, addressing increased fuel demand and lessening reliance on trucks.
India eyes increasing 20% ethanol blending in petrol, says minister Hardeep Singh Puri
Union Petroleum Minister Hardeep S Puri announced India’s plans to exceed a 20% ethanol blending target. He mentioned the establishment of a NITI Aayog committee for this initiative. Achievements include the present 19.6% blending rate and significant infrastructure projects. Assam’s Chief Minister outlined the state’s substantial contribution to India’s energy sector, including advancements in natural…
