IGX and CEGH sign MoU to develop natural gas and renewable gas markets
Author: PPD Team Date: January 14, 2025
Author: PPD Team Date: January 14, 2025
Indian Gas Exchange Limited (IGX) and Central European Gas Hub AG (CEGH) have signed a Memorandum of Understanding (MoU) to collaborate on developing natural gas and renewable gas markets.
The partnership aims to leverage the market expertise of both parties to enhance technical, operational, and regulatory capabilities. They will focus on trading natural gas and renewable gases, including hydrogen, biomethane, and e-methane, along with commodity-related certificates.
The collaboration seeks to create a liquid and transparent gas trading environment by sharing insights from Indian and European markets and implementing international best practices. Additionally, both parties aim to develop trading platforms for emerging green gases and support gas hub operations in India.
The MoU includes tailored training programs, workshops, and certification courses for market participants, regulators, and stakeholders, and aims to explore commercial opportunities for market expansion and innovative trading products.
Author: PPD Team Date: December 13, 2024 The UK Office of Gas and Electricity Markets (Ofgem) has proposed reforms to address household energy debts, which have surged to £4bn ($5.1bn). The regulator suggests changes such as introducing tariffs without standing charges and standardizing how suppliers assess customers’ payment abilities. Energy debts have risen by 91% since 2022, reaching £3.82bn ($4.87bn) by September 2024. Despite reductions in energy bills under Ofgem’s price cap since the energy…
Author: PPD Team Date: July 21, 2025 The Allahabad High Court has dismissed a Public Interest Litigation (PIL) challenging the proposed privatisation of two electricity distribution companies in Uttar Pradesh. As reported by news agencies, the court ruled that the petition was based on assumptions and lacked supporting evidence. The PIL, filed by Vijay Pratap Singh, opposed the privatisation of Dakshinanchal Vidyut Vitran Nigam Ltd (DVVNL) and Purvanchal Vidyut Vitran Nigam Ltd (PVVNL). The petitioner…
Author: PPD Team Date: September 2, 2025 Indraprastha Gas Limited (IGL) has entered into a joint venture agreement with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to establish a solar power project in Rajasthan. The agreement was signed on September 1, 2025. Under the terms of the joint venture, IGL will hold a 74 percent equity stake, while RVUNL will hold 26 percent. The board of the joint venture company will consist of six directors,…
Author: PPD Team Date: May 14, 2025 Solex Energy Limited reported a total income of Rs 6.658 billion for FY 2024–25, up 81 per cent from Rs 3.680 billion in FY 2023–24. Profit after tax surged to Rs 427.9 million, a 390 per cent increase from Rs 87.3 million. Earnings per share (EPS) rose to Rs 43.82, reflecting a 301 per cent rise year-on-year. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at Rs…
Author: PPD Team Date: November 4, 2024 Marking nearly 30 years of fuel-cell electric vehicle (FCEV) innovation, Hyundai has introduced the Initium concept, an SUV embodying its “Art of Steel” design language. With a targeted range of 400 miles (644 km) and a 201 hp electric motor, the Initium represents Hyundai’s continued commitment to hydrogen as a clean energy source. The Initium will debut at Auto Guangzhou in China and the Los Angeles auto show,…
Author: PPD Team Date: December 5, 2025 Telangana has approved the procurement of 3 GW of solar power over the next five years to support renewable energy integration and meet its Renewable Consumption Obligation under the Telangana Clean and Green Energy Policy, 2025. The process will run through competitive bidding overseen by the Telangana Green Power Procurement Coordination Committee. The state identified a large gap in its RCO trajectory. Analysis shows that Telangana needs another…