Power Grid Corp board approves investment worth Rs 367 cr

Posted by: . Posted on: November 22, 2023 Comments: 0

As per the filing, the first project which got the approval is an augmentation of transformation capacity by 1X1500 MVA (3rd), 765/400 KV ICT at Maheshwaram (PG) substation in Telangana at an estimated cost of Rs 142.69 crore. It is scheduled to be commissioned within 21 months from the date of intimation by CTUIL (Central Transmission Utility) letter on July 10, 2023 — by April 9, 2025.

India’s appetite for Russian oil reduces, share slips to lowest in 9 months as OPEC gains

Posted by: . Posted on: November 22, 2023 Comments: 0

India’s oil imports reached a 10-month high in October due to OPEC’s share, as refiners bought more crude from Saudi Arabia and the UAE. However, Russia’s share of the Indian market fell to the lowest in nine months. India, the world’s third-biggest oil importer and consumer, typically relies on Middle Eastern producers, and has encouraged refiners to diversify to cheaper alternatives.

Court accepts plea to dissolve CG Power Solutions

Posted by: . Posted on: November 21, 2023 Comments: 0

The tribunal had also allowed the lenders’ plea to pursue recovery against the erstwhile promoters under the bankruptcy laws even after the dissolution of the company. Originally, the company had only two creditors including its holding company CG Power & Industrial Solutions and its financial creditor Stickwell (India).

Plans afoot to build strategic natural gas reserve

Posted by: . Posted on: November 20, 2023 Comments: 0

After oil minister Hardeep Singh Puri recently gave a green signal to the idea of setting up the gas reserve, the oil ministry directed Oil and Natural Gas Corp (ONGC), Oil India and GAIL to jointly prepare a detailed feasibility report on the same, people said. The companies are expected to submit the report in three months.

CONCOR ties up Indraprastha Gas to explore possibility of LNG/LCNG infra at terminals

Posted by: . Posted on: November 20, 2023 Comments: 0

Railway PSU Container Corporation of India Ltd has partnered with Indraprastha Gas Ltd to establish LNG or LCNG infrastructure at its terminals in Uttar Pradesh and Gujarat. The strategic partnership aims to replace diesel with natural gas in the logistics sector. The initial facilities will be installed at CONCOR’s Dadri terminal.

Domestic power demand to grow by 7 pc in FY24: Fitch

Posted by: . Posted on: November 17, 2023 Comments: 0

India’s domestic power demand is expected to rise by 7% in 2023-24 due to robust industrial activity, according to Fitch Ratings. The report also predicts that receivable days for Fitch-rated gencos will further shorten in the near term. The strong power demand should keep the average thermal power plant load factor above 60%

What are based rollups?

Posted by: . Posted on: November 16, 2023 Comments: 0

Rollups are one of the hottest Web3 technology fields and by far the most promising option for solving the problem of blockchain scalability. At the same time, it is still a developing technology and Web3 developers are still figuring out how it can be improved. Based rollups are the latest interpretation of that concept, but they are not in direct competition with optimistic and ZK rollups. Whereas optimistic and ZK…