India inches closer to non-fossil fuel target as renewable energy capacity crosses 200 GW
Nov 14, 2024, at 02:55 am
New Delhi: India’s total renewable energy capacity has crossed 200 GW (gigawatt), aligning with the country's ambitious renewable energy target of achieving 500 GW from non-fossil sources by 2030.
Jet fuel prices rise 3.3%, fourth straight hike for commercial LPG in line with global trends
Nov 01, 2024, at 11:23 pm
New Delhi: The price of jet fuel, or aviation turbine fuel (ATF), rose by 3.3% on Friday, while commercial LPG prices used in the hospitality sector increased by Rs 62 per 19-kg cylinder, reflecting adjustments to align with global oil price trends, media report said.
Amazon and HPCL collaborate to increase Low Carbon Fuel adoption
Oct 29, 2024, at 06:09 am
New Delhi: Amazon India said on Monday that it has entered into an initial agreement with state-owned Hindustan Petroleum Corporation Ltd (HPCL) to drive the development and adoption of Low Carbon Fuels (LCFs) for long-haul transport in India.
Bhutan-India Renewable Energy Roundtable: IREDA chairman advocates debt financing over grants
Oct 29, 2024, at 05:15 am
Thimphu: Competitive debt financing is more advantageous than grants and is a strategic tool for advancing renewable energy projects, according to Chairman and Managing Director of Indian Renewable Energy Development Agency Limited (IREDA) Pradip Kumar Das.
India extends full-capacity mandate for imported coal power plants till Dec 31: Report
Oct 17, 2024, at 03:53 am
New Delhi: India has extended the mandate for imported coal-based power plants to operate at full capacity until December 31, anticipating increased power demand, according to a government circular reviewed by Reuters.
India's coal production jumps 14.49% to 84.63 MT in June
Jul 04, 2024, at 02:59 am
New Delhi: The country's coal production surged by 14.49% to 84.63 million tonnes (MT) in June, up from 73.92 MT in the same period last fiscal year, according to the provisional government data.
Power Finance Corporation Q4FY24 PAT grows 23% YoY to Rs 7,556 cr; NII grows 22%
May 16, 2024, at 05:00 am
New Delhi: Power Finance Corporation (PFC) on Wednesday announced a consolidated net profit of Rs 7,556 crore for the fourth quarter of FY24, an over 23 percent year-on-year (Y-o-Y) jump.
Sufficient measures in place to meet peak power demand in May, June: Govt
May 13, 2024, at 05:37 am
New Delhi: The government has implemented sufficient measures to address the projected peak power demand of 235 GW in May and 240 GW in June, an official statement said.
India's April oil consumption rises by 6% YoY: Oil Ministry
May 07, 2024, at 09:41 pm
New Delhi: India witnessed a 6.1 percent year-on-year increase in fuel consumption, according to data released by the Petroleum Planning and Analysis Cell of the Oil Ministry.
Renewable Energy now accounts for over 70% of India's new power generation: Report
May 04, 2024, at 05:31 am
New Delhi: Renewable energy (RE) accounted for over 70 percent of the 26 gigawatts (GW) of newly generated power in India during the fiscal year 2023-2024, media reported.
Gates-backed startup Infinium is making sustainable fuel from water and carbon dioxide: Report
Apr 10, 2024, at 05:48 am
A company in the United States is working towards revolutionising the transportation industry, particularly in sectors like aviation and heavy-duty trucking, which are notoriously difficult to decarbonize, media reports said.
India plans to set up first privately run strategic petroleum reserve by 2029-30: Report
Apr 04, 2024, at 05:31 am
New Delhi: India intends to set up its first privately operated strategic petroleum reserve (SPR) by 2029-30, allowing the operator the autonomy to trade the entire oil stock, media reports said.
India Energy Week: PM Modi announces $67 billion investment plan
Feb 07, 2024, at 06:50 am
New Delhi: Prime Minister Narendra Modi announced an unprecedented investment initiative of $67 billion in the natural gas supply chain over the next 5-6 years during his address at the second edition of the India Energy Week in Goa on Tuesday.
Coal India subsidiaries get CCEA nod for equity investments in coal-fired power projects
Jan 19, 2024, at 12:52 am
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Thursday approved equity investments by two Coal India Ltd (CIL) subsidiaries -- South Eastern Coalfields Ltd (SECL) and Mahanadi Coalfields Ltd (MCL) for setting up thermal power plants at an estimated cost of Rs 21,547 crore.
Jan 10, 2024, at 07:52 am
New Delhi: India's energy output is all set to get a mega boost as state-owned oil explorer ONGC started extraction on January 7 from a deep-sea project at the Krishna-Godavari Basin, with the potential to produce 45,000 barrels per day by May-June of this year.
NTPC's first 800 MW Super Thermal Power Project set up in Telangana
Oct 05, 2023, at 02:34 am
Hyderabad: The first 800 MW Unit of phase 1 of the Telangana Super Thermal Power Project of NTPC has been installed in the Peddapalli district.
NLC India Ltd inks Power Purchase Agreement with GRIDCO Ltd for 800MW
Sep 30, 2023, at 05:31 am
Bhubaneshwar: NLC India Limited (NLCIL) and GRIDCO Ltd on Friday signed a Power Purchase Agreement (PPA), the Ministry of Coal said in a statement.
REC raises USD 1.15 Billion through syndicated term loans
Sep 07, 2023, at 07:58 am
New Delhi: Maharatna Central Public Sector Enterprise REC Limited has successfully raised USD 1.15 Billion in August 2023.
4,000 MW renewable energy power project being set up in Tamil Nadu
Aug 02, 2023, at 07:12 am
New Delhi: A new project has been approved under Green Energy Corridor Phase-II with the aim to set up 624 km of transmission lines and 2200 MVA capacity substations by the fiscal year 2025-26.
Adani Power's Jharkhand plant starts supply to Bangladesh
Jun 29, 2023, at 03:05 am
Godda (Jharkhand): Adani Power has commenced power exports to Bangladesh from its 1,600MW power plant located in Godda, Jharkhand, the company said in a statement on Tuesday.
Record diesel and gasoline sales in May indicate strong demand
Jun 10, 2023, at 06:47 am
New Delhi: India's May diesel and gasoline sales reached record levels, providing a rare positive indication for the global oil markets, Bloomberg reported.
Manish Patil joins as ONGC's Human Resource Director
May 05, 2023, at 09:46 pm
Mumbai: Manish Patil has joined as the Director (Human Resource) of the Energy Maharatna Oil and Natural Gas Corporation Limited (ONGC).
India's coal and power supply stretched to limit amid rapid growth in economic activities
Mar 09, 2023, at 02:19 am
New Delhi: The power generators and coal mines in India are currently experiencing significant pressure to keep up with the escalating demand for electricity, which has been fuelled by the country's rapidly expanding economy and swift electrification efforts, Reuters reported.
Govt to blacklist renewable power companies for failure to meet project completion deadlines
Feb 17, 2023, at 05:54 am
New Delhi: The government will blacklist renewable power companies for three to five years if they fail to meet the project completion deadlines, media reports said.
India accelerates pace to secure long-term LNG deals: Report
Feb 08, 2023, at 05:46 am
New Delhi: India is looking to seal more long-term LNG deals to boost its economic growth while reducing the dependence on coal, media reports said.
India considers new coal imports amid rise in power demand
Sep 10, 2022, at 06:39 am
India may consider further coal imports to avoid a fresh power supply crisis, according to media reports.
Govt invites EoI for manufacturing zone for power & RE sector
Apr 15, 2022, at 04:36 pm
New Delhi: In a bid to promote indigenous manufacturing and make India self-reliant, the Ministry of Power has invited expressions of interest for setting up a manufacturing zone on a pilot basis for the power and renewable energy sector with a budgetary allocation of Rs 400 crore over a period of five years.
Global oil supply to fall to 9-year-low in May as OPEC+ deal takes effect - IEA
May 14, 2020, at 05:11 pm
Moscow/ Sputnik: Global oil supply will fall in May to a nine-year-low of 88 million barrels per day, as the new OPEC+ oil production cuts deal will take effect, the International Energy Agency (IEA) said on Thursday.