Latest news with #RRVUNL
Time of India
09-07-2025
- Business
- Time of India
OIL, GAIL sign 15-year agreement for supply of up to 900,000 SCMD natural gas from Rajasthan fields
New Delhi: Oil India Limited (OIL) and GAIL (India) Limited have signed a 15-year Gas Sale and Purchase Agreement (GSPA) for the supply of up to 900,000 standard cubic meters per day (SCMD) of natural gas from OIL's gas fields in Rajasthan, with effect from July 1, 2025. The agreement aims to support the natural gas requirement of Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL), the state government power utility. The deal was signed at GAIL's corporate office in New Delhi by Ranjan Goswami, Executive Director (Business Development), OIL, and Sumit Kishore, Executive Director (Gas Marketing), GAIL. The supply arrangement builds on an existing commercial relationship between the two Maharatna Central Public Sector Enterprises under the Ministry of Petroleum and Natural Gas. The agreement aligns with the government's plan to increase the share of natural gas in India's energy mix and promote cleaner fuel usage across sectors. As per the agreement, the gas from OIL's Rajasthan fields will be supplied through GAIL's transmission network to RRVUNL's power plants. OIL stated that it will continue to expand its upstream operations through exploration and development efforts in existing and new acreages across the country. GAIL reiterated its focus on gas monetisation through its infrastructure and marketing presence. The agreement is expected to ensure continuous gas supply from domestic sources for the power sector in Rajasthan.
New Indian Express
29-06-2025
- Business
- New Indian Express
Expedite prep work on SCCL's renewable energy projects: Telangana Minister Bhatti
HYDERABAD: Deputy Chief Minister Mallu Bhatti Vikramarka has directed officials to expedite preparatory works for Singareni's upcoming renewable energy projects — an 800 MW floating solar plant, a 500 MW wind power plant and a 500 MW pumped storage power plant — and to complete them within fixed deadlines. On Saturday, he held a review meeting with the officials to assess Singareni's business expansion plans, including renewable energy projects. During the review, he emphasised the importance of moving swiftly on these initiatives. He instructed officials to obtain permissions from the Irrigation department for the proposed 300 MW and 500 MW floating solar plants on Lower Manair Dam and Mallannasagar respectively. He asked them to initiate formal correspondence and maintain continuous communication with relevant departments to expedite approvals. He stressed that these projects must be undertaken in a highly profitable manner. He also instructed that the Detailed Project Reports (DPRs) for the 500 MW wind power plants, which are to be set up across five districts of the state, must be completed by the end of next month. He advised the use of advanced technology to enhance the feasibility and appeal of this innovative project. He further directed speedy implementation of the agreement signed with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) for setting up a 1,500 MW solar power plant in Rajasthan's Solar Valley. In addition, he held detailed discussions on establishing an 800 MW thermal project as part of this collaboration and advised that steps be taken to present this proposal in the Cabinet at the earliest. The deputy CM also reviewed the progress of other initiatives like the Green Hydrogen Plant and Battery Storage System proposed by SCCL. He directed that a centralized dashboard be developed to monitor the performance and progress of all projects under the Energy department in real time.
Time of India
19-06-2025
- Business
- Time of India
Rajasthan: RERC approves tariff for 1000 MWh battery energy storage system project
The Rajasthan Electricity Regulatory Commission ( RERC ) has approved the tariff for a 1000 megawatt-hour (MWh) standalone Battery Energy Storage System (BESS) project. The RERC approved the tariff rates submitted by bidding energy companies, paving the way for the rapid development of energy storage infrastructure in the state. The project will be implemented by Rajasthan Rajya Vidyut Utpadan Nigam Limited ( RRVUNL ) under the Build-Own-Operate (BOO) model with Viability Gap Funding (VGF) support from the Government of India. Minister of State for Energy (Independent Charge), Hiralal Nagar , informed that leading companies participated in the competitive bidding process. The approved tariff ranged from Rs. 2.21 lakh to Rs. 2.24 lakh per MWh per month, the lowest rate in the country so far. The RERC has endorsed the tender process conducted by RRVUNL as fair, transparent, and in accordance with market standards. The process also aligns with the Central government's guidelines on battery storage systems, aimed at ensuring grid stability and effective integration of renewable energy. Hiralal Nagar emphasised that Rajasthan is moving decisively toward becoming a green energy hub. The approved BESS project will allow energy generated from solar and wind sources to be stored and utilised as per demand, significantly enhancing energy efficiency. The Central government is providing VGF assistance of Rs 27 lakh per MWh for these projects. BESS installations are planned at select strategic sites, including grid substations in Jaipur and Kota , and power stations in Suratgarh and Giral , chosen for their technical and operational suitability. The implementation of BESS will help reduce the dependency on expensive peak-hour power purchases by distribution companies (DISCOMs), potentially saving up to Rs 1 crore per day. Chairman and Managing Director of RRVUNL, Devendra Shringi, said that the Union Ministry of Power has recently allocated an additional 4,000 MWh BESS capacity to Rajasthan. Under this new allocation, VGF of Rs 18 lakh per MWh will be provided from the Power System Development Fund . He further stated that Rajasthan is fast emerging as a national leader in battery energy storage. The state government has set a target of developing 18.5 GWh of battery storage capacity by 2028-29. In addition to the 1,000 MWh BESS project by RRVUNL, separate tenders have been floated by NTPC Vidyut Vyapar Nigam for another 1,000 MWh project. This aligns with the state's budget announcement to establish 2,000 MWh of battery energy storage capacity, which is expected to attract investments of around Rs. 2,000 crore.
Business Standard
13-06-2025
- Business
- Business Standard
Coal India sets up CIL Rajasthan Akshay Urja subsidiary for renewable energy
Coal India has announced the formation of a new subsidiary, CIL Rajasthan Akshay Urja, to manage its renewable energy business in the state of Rajasthan. The subsidiary is established in a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam (RRVUNL), the state-owned power company of Rajasthan. Coal India holds a 74% stake in the joint venture, with RRVUNL holding the remaining 26%. The subsidiary, incorporated on 12 June 2025, aims to develop, construct, and operate solar, wind, and pump storage projects in the state. It will primarily sell the generated power to RRVUNL. In its filing, Coal India confirmed that it had received the Certificate of Incorporation from the Ministry of Corporate Affairs for the new entity. The subsidiary's authorized share capital is Rs 10 crore, with a total of 1 lakh equity shares issued at Rs 10 per share. Coal India has been allotted 74,000 equity shares, while RRVUNL has received 26,000 shares. The joint venture will focus on renewable energy projects and is expected to manage the sale of power generated from these projects to RRVUNL. Should both parties agree, the subsidiary may also explore selling power to other entities similar to RRVUNL. Coal India, a Ministry of Coal enterprise, had received approval from the Department of Investment and Public Asset Management (DIPAM) on 15 January 2025 to form the joint venture with RRVUNL. Coal India is a coal mining company engaged in the production and sale of coal. As of 31 March 2025, the Government of India held a 63.13% stake in the company. The companys consolidated net profit jumped 12.04% to Rs 9,604.02 crore during the quarter as compared with Rs 8,572.14 crore posted in corresponding quarter last year. Revenue from operations fell 0.31% YoY to Rs 34,156.35 crore in Q4 FY25. Shares of Coal India shed 0.66% to Rs 390 on the BSE.
Time of India
02-06-2025
- Business
- Time of India
OIL India starts gas production from DSF-III Bakhritiba block in Rajasthan, to scale up output to 100 MSCMD
New Delhi: Oil India Ltd (OIL) has commenced natural gas production from the Bakhritiba block awarded under the Discovered Small Field (DSF) III bid round in Rajasthan's Jaisalmer district. The production has begun at a rate of 67,200 standard cubic meters per day (SCMD), which is planned to be enhanced to 100,000 SCMD (100 MSCMD), according to the Ministry of Petroleum and Natural Gas. The gas output is being supplied to GAIL (India) Ltd and Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL), the ministry stated. The production comes after successful drilling of three MWP wells within the block's stipulated development period. Petroleum and Natural Gas Minister Hardeep Singh Puri, in a post on social media platform X, said, 'Heartiest congratulations to Oil India Limited (OIL) on setting a benchmark by achieving fast monetization from DSF III block by successfully drilling 3 MWP wells within the development period leading to supply of 67,200 SCMD gas to GAIL/ RRVUNL to be further enhanced to production of 100 MSCMD gas from the Bakhritiba Block in Jaisalmer district in Western Rajasthan.' Puri said the development 'stands as a testimony of OIL's resilience, resolve, and responsibility – delivering energy in challenging frontier environments.' The minister also acknowledged the efforts of the company's operational teams. 'I commend the tireless efforts of the OIL team, who brave extreme conditions every day to ensure steady energy flows. Every hydrocarbon molecule produced fuels India's march towards energy security and self-reliance,' he said. The Bakhritiba field development is part of India's broader effort to enhance domestic oil and gas output by monetising smaller hydrocarbon reserves awarded under the DSF policy.>
