India & Saudi Arabia strengthen Bilateral Ties in New and Renewable Energy Sector
This visit of the Indian delegation to Saudi Arabia marks a significant strengthening of the Indo-Saudi partnership, with sustained engagements at various levels. It consolidates the strategic partnership between the two nations and paves the way for joint collaborations and investments in new and renewable energy sectors, contributing to global sustainability and energy transition goals.
Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession (Amendment) Rules, 2023
The State Government shall arrive at average sale price of the ore containing Rare Earth Elements by computing Sum of (percentage of individual rare earth oxide contained in the ore multiplied by average sale price of that rare earth oxide published by Indian Bureau of Mines).
Draft APERC Transmission Licence Regulation, 2023
The draft regulations issues consolidated guidelines for the procedure of granting the license, general and special conditions to take care of the present day requirements, particularly in the context of the development of intra-state transmission systems. All the stakeholders and interested parties may send their comments on the draft regulations by 7th November, 2023.
MoP publishes Draft Notification on Renewable Energy Obligation
The Central government in consultation with the Bureau of Energy Efficiency has, through this draft notification, specified the minimum share of RE by any designated consumer having established coal/ lignite based generating station.
Union Minister for Power and New & Renewable Energy Discusses Vital Power Sector Issues with Regulators
The regulators assured Minister Singh that they would consider and implement his suggestions to create a conducive regulatory environment, promoting a financially viable and environmentally sustainable power sector. The meeting aimed to strengthen India’s commitment to providing reliable and affordable power to its citizens while addressing the challenges facing the sector.
One time settlement scheme of Kerala State Electricity Board
Dues of more than 2 years can be settled through the scheme. Arrears pending revenue recovery proceedings or pending court proceedings may also be settled. For low tension customers the service will be available at their respective section office and for high tension customers at the office of the Special Officer Revenue
BIS revises Standards for Petroleum and Other Products
The Bureau of Indian Standards (BIS) has revised certain standards for Petroleum Products. This notification was published on 11th September, 2023. It has also established two new standards; IS 18387 : 2023 Gypsum Ceiling Tiles — Specification and IS/ISO 22383 : 2020 Security and Resilience — Authenticity, Integrity and Trust for Products and Documents — Guidelines for the Selection and Performance Evaluation of Authentication Solutions for Material Goods.
MoP withdraws Guidelines regarding Discoms drawing Power after Expiry of PPA
Post PPA expiration, both parties are afforded the liberty to decide whether to enter into another agreement for the purchase or sale of power. Alternatively, the generator has the option to sell power through exchanges or enter into bilateral agreements with entities of their choosing. This approach ensures the establishment of a fair and competitive marketplace.
Department of Chemicals and Petrochemicals Continues Commitment to Swachhta and Grievance Disposal
The Department of Chemicals and Petrochemicals, under the Ministry of Chemicals and Fertilizers, has reaffirmed its dedication to promoting cleanliness and efficiently addressing public grievances and concerns under its jurisdiction. The Department of Chemicals and Petrochemicals has its sights set also on “Special Campaign 3.0,” scheduled for October 2023.
Global Biofuels Alliance (GBA) Announced at G20 Event
GBA members collectively represent major producers and consumers of biofuels, with the USA, Brazil, and India contributing approximately 85% of the global production share and 81% in consumption of ethanol. As the world focuses on sustainable energy solutions, the Global Biofuels Alliance is poised to play a pivotal role in shaping the future of the energy sector on a global scale.
