IREDA calls for bids for setting up solar manufacturing

The Indian Renewable Energy Development Agency Ltd (IREDA) has asked for bids from solar module manufacturers for setting up solar manufacturing units under the government’s Rs 4,500 crore Production Linked Incentive (PLI) scheme. The Ministry of New and Renewable Energy (MNRE) has made state-owned IREDA, the implementing agency for the PLI scheme. Earlier in April, […]

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IEA sees OPEC+ spare capacity gaining a bit in 2022

The International Energy Agency expects spare capacity in the OPEC+ alliance to rise by 180,000 barrels per day (bpd) next year to 50.55 million bpd, driven by hikes from Mideast Gulf producers, Reuters reported. “Saudi Arabia and Kuwait are expected to continue to build up production in the shared Neutral Zone, the UAE raises capacity […]

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India’s first mobile CNG refuelling units launched in Delhi and Maharashtra

India’s first CNG Mobile Refuelling Unit (MRU) was inaugurated by Petroleum Minister Dharmendra Pradhan on Tuesday. The MRU has been jointly developed by Indraprastha Gas (IGL) and Mahanagar Gas. Pradhan also inaugurated 201 Compressed Natural Gas (CNG) stations across the country during the ceremony which was conducted virtually in light of the COVID-19 pandemic. The mobile CNG […]

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India calls for fresh bids for discovered small oil fields

India has announced a third round of international bidding for discovered small (oil) fields (DSF), urging officials to work at an exponential speed to monetise the country’s natural resources, a government statement said. The opening of the third round of bidding was another step towards unlocking resources, the statement quoted Dharmendra Pradhan, Minister of Petroleum […]

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GAIL to bid for 400 MW solar capacity in Madhya Pradesh

GAIL, India’s largest gas utility, is set to bid for a 400 megawatts (MW) solar power capacity being auctioned by SECI (formerly Solar Energy Corporation of India), making it the latest state-run company to make an entry into the renewable energy (RE) space. GAIL’s Chairman Manoj Jain told Times of India that the company will bid for three photovoltaic […]

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”We’ll see $200 a barrel Oil”: Saudi Arabia, Russia, OPEC ministers blast IEA’s Net Zero Plan

If the world were to follow the International Energy Agency’s controversial road map, which said investment in new fields would have to stop immediately to achieve net-zero carbon emissions by 2050, “the price for oil will go to, what, $200? Gas prices will skyrocket,” said the Russian Deputy Prime Minister Alexander Novak at the St Petersburg International […]

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Indian Oil commits to invest Rs 24,000 crore in Gujarat refinery expansion

State-owned refinery, Indian Oil Corporation (IOC) on Monday has signed up an investment pact for adding petrochemical and lube plants to its previously announced plan to expand crude oil processing capacity at its Koyali refinery at Vadodara in Gujarat. Expanding refining capacity by 4.3 million tonnes per annum to 18 million tonnes and adding plants to produce 500,000 tonnesper annum of polypropylene and 2,35,000 tonnes of lube […]

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