Energy News 15th July 2022

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Tamil Nadu sets up climate change missions in all 38 districts	REC for selling PFC stake in Co to PGCIL	Buffett's Berkshire owns 19.2% of Occidental Petroleum after new purchases
Climate change, an environmental issue that impacts all other aspects be it economic or social, needs strong solutions. Aligning with it, the Tamil Nadu Government has issued orders constituting the Tamil Nadu Climate Change Mission, a first-of-its-kind initiative that aims to make the State a climate-smart state. IAS Supriya Sahu, Additional Chief Secretary Environment, Climate Change & Forests, Govt of Tamil Nadu, shared the news calling it a pioneering initiative. Read more...	The state-run REC Ltd has suggested the government consider selling Power Finance Corporation's (PFC) stake in the company to Power Grid Corp of India (PGCIL).  In a presentation made to the power ministry in the last week of June, REC suggested a non-banking public sector company acquire PFC's stake in the company.The meeting, chaired by power and renewable energy minister RK Singh,  Read more...	Hathaway Inc, run by billionaire Warren Buffett, said it has this week purchased another 4.3 million shares of Occidental Petroleum Corp, giving it a 19.2 per cent stake in the oil company. In a US Securities and Exchange Commission filing on Wednesday, Berkshire said it spent about $250 million on the additional shares, and now owns 179.4 million Occidental common shares worth about $10.4 billion. The latest purchases put Berkshire  Read more...
Environment ministry issues plastic waste management rules	Schneider Electric inks pact with GMR for manufacturing facility near airport	EU, Azerbaijan plan gas deal in pivot away from Russia
The Union environment ministry has issued Plastic Waste Management (Second Amendment) Rules, 2022, in view of the phasing out of certain single-use plastic products from July 1 and the mandate to increase the thickness of plastic carry bags to over 120 microns from December 31. The rules specify what biodegradable plastics are and provide a statutory framework for their use as an alternative material. They provide for levying of penalties or environmental compensation under the “Polluter Pays”Read more...	Hyderabad: GMR Hyderabad International Airport Ltd (GHIAL)’s wholly-owned subsidiary GMR Hyderabad Aviation SEZ Ltd (GHASL) has entered into an agreement with French energy management and automation solutions provider Schneider Electric for a manufacturing facility spread over 18 acres at the GMR Industrial Park in Hyderabad. As per the pact, GHASL will build and lease the facility to Schneider Electric in a non-SEZ Read more...	BRUSSELS, July 14 (Reuters) - The European Commission has proposed to EU countries a deal with Azerbaijan to increase imports of natural gas and support the expansion of a pipeline to do this, according to a draft document seen by Reuters. The draft memorandum of understanding, which needs approval from the governments involved and could still change, is part of European Union efforts to slash reliance on Russian gas following the war in Ukraine. Read more...
Domestic coal prices to remain high in current quarter as well: Icra	NTPC co-fires 77,000 tonne biomass at 14 thermal power plants: company official	IIT-M develops indigenous management system for ONGC
Rating agency Icra on Thursday said it expects prices of domestic coal to remain high in the ongoing quarter as well given the supply challenges of the dry fuel during monsoon. The domestic e-auction premium on coal increased by over 400 per cent in May, thereby adversely impacting the cost structure of the base metal companies and margins.“Going forward, given the coal supply challenges during the ongoing monsoon season, the rating agency expects domestic Read more...	New Delhi: State-owned power giant NTPC has co-fired 77,000 tonnes of biomass till date at 14 of its thermal power plants across the country, a company official said on Thursday. Company's Director (Operations)Ramesh Babu made the remarks at a workshop organised in Chandigarh in association with SAMART (Sustainable Agrarian Mission on use of Agro Residue in Thermal Power Plants) on 'Ex-situ utilisation of agricultural residue for co-firing in thermal power plants', NTPC said in a statement. Read more...	Indian Institute of Technology Madras (IIT Madras) has developed an indigenous lifecycle management system for the Oil and Natural Gas Corporation (ONGC) to reduce the cost of maintenance and rehabilitation of offshore oil platforms. Called the 'Structural Integrity Management System' (SIMS), it was developed by the Offshore Structures Group from the Department of Ocean Engineering, IIT Madras. It has a large database management system, housing crucial information about structural and other design- Read more...
	India needs $15 billion funding to set up 15 GW hydrogen capacity by 2030: VK Saraswat	Tapping into nontraditional water sources to increase green hydrogen
	India will need a funding of $15 billion to set up 15 GW (gigawatt) of green hydrogen capacity by 2030, NITI Aayog Member V K Saraswat said on Thursday. He was speaking at a conference 'India@2030: A Roadmap for Aatmanirbhar Bharat in Renewable Energy' organised by CII here, a statement said. "India will require an estimated $15 billion in public and private funding to set up 15 GW of green hydrogen by 2030, V. K Saraswat, Member, NITI, Aayog said pointing out that green hydrogen i Read more...	Efficiently producing green hydrogen energy on a large scale is critical to reducing the use of carbon fuel. Making this transition is tricky, though, because of the many challenges in transporting and distributing hydrogen.A team of researchers offers a new approach: Using electrolysis to create hydrogen from wastewater and other nontraditional sources at sites close to where the hydrogen will be consumed. The results of their study are published July 13 in Environmental Science & Technology.   Read more...