MAY 20238TOP STORIES The plant will be operational by March 2024. With TPSL, TPTCL has a PPA in place that will last for 25 years. The project would provide 485 million units of energy per year and will be connected to the Central Transmission Utility (CTU) Bus, it was said. With this victory, TPREL's total renewable energy capacity will be 6,788 MW, with 3,917 MW installed (solar: 2,989 MW; wind: 928 MW) and 2,871 MW in various phases of implementation. With its subsidiaries and jointly controlled organisations, Tata Power Company, one of India's major integrated power corporations, has a total installed and managed capacity of 14,110 MW. The company is present throughout the full value chain of power production, including transmission, distribution, coal and freight, logistics, and trade. It also generates renewable and conventional power, including hydro and thermal energy.On the basis of a 4.1 percent increase in operating revenue to Rs.12,453.76 crore in Q4 FY23 over Q4 FY22, the business recorded a 54.6 percent increase in consolidated net profit to Rs.777.73 crore. On the BSE, Tata Power Company shares increased 0.51 percent to Rs.207.30. Two blocks in Mumbai Offshore have been found, it contains both crude oil and natural gas, according to a statement from the state-owned Oil and Natural Gas Corporation (ONGC). However, the Maharatna explorer omitted to describe the reserves. The blocks that the company obtainedin the most recent open acreage licencing rounds are where the discoveries "Amrit" and "Moonga" were made. ONGC, oil and gas have been discovered in the MBS171HAA-1 (MBS171HAA-A)-"AMRIT" OALP (Open Acreage Licencing Policy) block MB-OSHP-2017/1 in Mumbai Offshore (SW) on the Arabian Sea.Another noteworthy find has been made in the OALP exploration block in Mumbai Offshore's MBS182HDA-1 (MBS182HDA-A) discovery, which goes by the moniker 'Moonga'. A thorough evaluation of the discoveries is being done, it continued.Sushma Rawat, the director of exploration at ONGC, stated that the company has reiterated its exploration commitment to releasing the vast potential of India's hydrocarbon resources and accumulating reserves, strengthening the country's energy security. TATA POWER'S ARM TP SAURYA TO SET UP 200-MW SOLAR PROJECT IN RAJASTHANONGC DISCOVERS TWO BLOCKS OF CRUDE OIL & NATURAL GAS IN MUMBAI OFFSHORE
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