Since 2014 the country has been at the forefront of renewable energy capacity addition among major world economies and investors must not miss out on the lucrative growth potential the sector offers, urged Modi.
'Many large companies are coming to India. So, one company not doing well or going under doesn't matter,' says Singh when asked if Adani crisis will impact the green energy investments in the country
Khurshed Daruvala says India needs to have protectionism in place because if companies in India can manufacture products at a globally competitive scale, then it is the best thing that could happen to the country
Budget 2023 has an innovative approach of linking a state's borrowing capacity with reforms in discom efficiencies, says the official at Business Today's 'Scripting a Renewable Future' event
Scripting a Renewable Future highlight: The event wasattended by Minister of Power, New and Renewable Energy R K Singh, who spoke about how the country's transition to clean energy will be accelerated.
The event will see participation from government officials, independent power producers (IPPs), original equipment manufacturers (OEMs), financial institutions, investors, and other key industry players from the renewable energy ecosystem
The report, which has analysed data from the Global Solar Power Tracker and the Global Wind Power Tracker, has ranked India in the top seven countries globally in terms of prospective renewable power.
A steady rise in industrial electricity use in recent years has left utilities in India, one of the world's fastest-growing major economies and the second-largest coal consumer and importer, with limited leeway to confront extraordinary demand or hiccups in supply.
Also dismissing reports of international pressure on oil imports from Russia as mere speculation by western media, Puri said India will be buying from any producer offering the best price.
Coal accounts for more than 70% of India's power generation, with coal-fired plants accounting for more than three-quarters of India's use of the polluting fuel.
India will breach green hydrogen target to reach 10 MT on the back of policies such as free transmission, open access and non-applicability of cross-subsidy surcharges on renewable energy required for making green hydrogen, said power minister Raj Kumar Singh.
TC Energy's Keystone pipeline ferries about 600,000 barrels of Canadian crude per day (bpd) to the United States. It was shut late Wednesday after a breach spewed more than 14,000 barrels of oil into a Kansas creek, making it the largest crude spill in the United States in nearly a decade.
The panel also suggested including natural gas in the one-nation-one-tax regime of GST by subsuming excise duty charged by the central government and varying rates of VAT levied by state governments.
The Kirit Parikh panel was set up this September to review the gas pricing formula for gas produced in the country with the aim to ensure a fair price even as global prices for gas remained high.
Asian countries, including China, India, Japan, South Korea, Vietnam, the Philippines and Thailand, avoided about 9 percent of total fossil fuel costs which is equivalent to $34 billion from January to June 2022.
