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Energy

 Private sector must not miss out on opportunities in India’s green energy gold mine, says prime minister Modi in renewable energy hard sell
Updated : Feb 23, 2023

Private sector must not miss out on opportunities in India’s green energy gold mine, says PM Modi in renewable energy hard sell

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.

'For setting up 1 MW of solar in India, I need $600,000 (Rs 4.5 crore), which is lowest in the world,' says R K Singh
Updated : Feb 10, 2023

'We achieved COP21 pledge 9 years in advance,' says Power Minister R K Singh

'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

There is an urgent need for sustainable supply of raw materials, he said.
Updated : Feb 10, 2023

India to be less dependent on other countries for manufacturing solar energy in a few years: Sterling & Wilson's Daruvala

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

Panellists at Decoding the future trends in energy transition session on Friday
Updated : Feb 10, 2023

Budget 2023 has an innovative approach for state discoms: India Exim Bank's N Ramesh

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

Going ahead, he said India has taken great strides in moving towards achieving its energy targets. 
Updated : Feb 10, 2023

‘Nation on the cusp of solar revolution’: Sterling and Wilson Global CEO Amit Jain

He said that investment in solar energy will make India energy independent by 2047 as envisioned by Prime Minister Narendra Modi. 

R K Singh
Updated : Feb 10, 2023

'Scripting a Renewable Future' Highlights: 'Developed countries weren't serious about energy transition,' says R K Singh

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
Updated : Feb 09, 2023

Business Today, Sterling and Wilson Renewable Energy to host clean energy event 'Scripting a Renewable Future' on Feb 10

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

India accounts for 5 per cent of all prospective utility-scale solar power globally, trailing only China, the US, and Australia
Updated : Jan 24, 2023

India can save $19.5 bn per year by shifting from coal to clean power, says new study

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.

India's record domestic output of coal has eased tight inventories at power plants, to an average of 12 days' supply at the end of 2022 from nine days when the current fiscal year began last April.
Updated : Jan 17, 2023

India to boost coal imports to cope with harsh weather, freight snags

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.

Green hydrogen now a national project, says oil minister Hardeep Puri
Updated : Jan 10, 2023

EXCLUSIVE: Green hydrogen now a national project, says oil minister Hardeep Puri

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.

The ministry's remarks to officials in the letter constitute a directive because New Delhi largely controls domestic output and distribution of coal.
Updated : Jan 10, 2023

Power ministry asks utilities to import 6% of their coal for nine months

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 to exceed green hydrogen production target, will become leading global producer, says Power minister
Updated : Jan 05, 2023

India to exceed green hydrogen production target, will become leading global producer, says Power Minister

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.

CESL tender discovers 29% cheaper price for electric buses vs diesel ones
Updated : Jan 03, 2023

CESL tender discovers 29% cheaper price for electric buses vs diesel ones

Price discovery is the process which determines market prices, conventionally through interactions between the buyer and the seller.

India plans $2 billion incentive for green hydrogen industry (Photo: Reuters)
Updated : Dec 27, 2022

India plans $2 billion incentive for green hydrogen industry

The United States and the European Union have already approved incentives worth billions of dollars for green hydrogen projects.

All-India electricity demand may grow 7% to 1,480 BU in FY23: Icra
Updated : Dec 12, 2022

All-India electricity demand may grow 7% to 1,480 BU in FY23: Icra

In the preceding 2021-22 fiscal, the all-India power demand was at 1,380 BU, the ratings agency said on Monday.

Major oil pipeline outage to hit US stockpiles, refinery supplies (Photo: Reuters)
Updated : Dec 10, 2022

Major oil pipeline outage to hit US stockpiles, refinery supplies

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. 

Jindal Stainless partners with ReNew Power, to setup 300 MW renewable energy project
Updated : Dec 05, 2022

Jindal Stainless partners with ReNew Power, to setup 300 MW renewable energy project

The project will start commercial operations by May 2024, and will help Jindal Stainless abate carbon emissions by over 6.5 lakh tonnes per year.

Essar Group plans Rs 40,000-cr petrochemical complex in Odisha
Updated : Dec 01, 2022

Essar Group plans Rs 40,000-cr petrochemical complex in Odisha

The group also plans to set up a 14 million tonne a year export-oriented pelletizing complex in Odisha, at an investment of Rs 12,000 crore

Kirit Parikh panel submits gas report, suggests pricing freedom beginning Jan 2026 (Photo: AP)
Updated : Nov 30, 2022

Kirit Parikh panel submits gas report, suggests pricing freedom beginning Jan 2026

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.

as prices are revised twice a year and are based on rough estimate from the weighted average prices of four global benchmarks
Updated : Nov 29, 2022

Kirit Parikh Committee report on gas prices. What can be expected

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 9 percent of total fossil fuel costs  (Photo: GettyImages)
Updated : Nov 11, 2022

Fuel costs worth $4.2 billion saved through solar power in India: Report

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.