India inches closer to non-fossil fuel target as renewable energy capacity crosses 200 GW
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
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
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
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
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
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%
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
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
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
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
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
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
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
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.
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.