JUNE 20238The KG Basin Gas Field's long-awaited start of production has finally been scheduled, according to India's largest oil and gas company ONGC, which has sought a USD 12 price for the fuel it intends to deliver starting on June 15. The company floated, seeking bids for gas sales, Oil and Natural Gas Corporation (ONGC) will start producing 0.4 million standard cubic metres per day on 15 June and will ramp it up to 1.4 mmscmd by February 5, 2024. This is a small portion of the planned output from the block that is adjacent to Reliance Industries' lucrative KG-D6 area in the Bay of Bengal.Pankaj Kumar, the director of production at ONGC, the company plans to begin oil production from the KG-DWN-98/2 or KG-D5 block in the Krishna Godavari basin by May or June of this year. Along with the oil that is released from the reservoir located several hundred metres beneath the seabed, a tiny amount of gas will also flow. For the gas that will start flowing on 15 June, the corporation is now accepting bids from consumers including city gas operators who sell CNG to cars and piped cooking gas to homes, businesses that use gas to manufacture fertiliser or electricity and LPG producers and merchants. ONGC requested quotes from businesses for a premium, or "P," above the rate determined by adding $1 per million BTUs to the current Brent oil price multiplied by a rate of 14 percent. The basic price is $11.8 per mmBtu at the current price of Brent crude oil, which is over $77 per barrel. ($10.78 per mmBtu at 14 percent of Brent oil price plus a markup of USD 1). One of the leading solar panel producers in India, Gautam Solar, has partnered with Jinchen to increase its production of solar modules. A high-efficiency automatic solar module production line will be added as part of the arrangement, bringing Gautam Solar's overall manufacturing capacity to 1 gigawatt peak (GWp). The growth will be supported by the knowledge and technology of Jinchen, a world authority in high-efficiency solar cell and module manufacturing equipment.The agreement was signed at the 16th International Conference and Exhibition on Photovoltaic Power Generation and Smart Energy (SNEC), and it is anticipated to go into effect in September 2023. The capacity of Gautam Solar's annual output of solar modules will increase from 500 megawatts (MW) to 1 GW after the expansion is finished.The acquisition of automation, technology, and equipment for the production of high-efficiency N-Type TOPCon solar modules is the main goal of the agreement between Gautam Solar and Jinchen. In order to use the TOPCon technology, an N-Type Silicon Substrate must first have a thin tunnelling oxide layer applied to it. This is followed by a layer of highly doped Poly Silicon and Passivated Contacts. This cutting-edge method boosts solar modules' efficiency while minimising ageing of the panels. TOP STORIESONGC ANNOUNCES A LAUNCH DATE FOR KG GAS & SETS A $12 PRICEGAUTAM SOLAR PARTNERS WITH JINCHEN TO DOUBLE SOLAR MODULE CAPACITY TO 1 GWP BY SEPTEMBER 2023
< Page 7 | Page 9 >