Explore Business Standard
Energy Industry
India is exploring opportunities to accelerate the regional energy transition while ensuring energy security across Southeast Asia, starting with Singapore, where several alternative energy projects are already in progress, a senior Indian official said here. Ghanshyam Prasad, Chairman of the Central Electricity Authority -- a statutory body under the Ministry of Power -- asserted that the need of interconnection has been highlighted to use the regional renewable resources in an optimal manner and a huge opportunity awaits if the South ASEAN and Southeast Asia grids are interconnected. One of the options is to have a direct interconnection between India and Singapore. This was in line with the One Sun One World One Grid' principles, which originated from India. Through Singapore, the whole of the South East Asian countries will benefit, Prasad told PTI on the sidelines of an international energy conference in Singapore. Prasad said India could export renewable power -- generated fro
India's nuclear regulator AERB has transferred the siting consent for the Mahi-Banswara atomic power project from the Nuclear Power Corporation of India Limited to Anushakti Vidyut Nigam, a joint venture company that is developing the 2,800 MWe project. Prime Minister Narendra Modi is scheduled to lay the foundation stone for the Mahi-Banswara Rajasthan Atomic Power Project (MBRAPP) on September 25. The project marks the entry of National Thermal Power Corporation in the nuclear power sector. Anushakti Vidyut Nigam (ASHVINI) is a joint venture between Nuclear Power Corporation of India Limited (NPCIL) and National Thermal Power Corporation (NTPC). In May, the Atomic Energy Regulatory Board (AERB) issued the siting consent for the MBRAPP to the NPCIL. "With this transfer, ASHVINI shall be the responsible organization for ensuring compliance with the regulatory requirements throughout the lifetime of MBRAPP-1 to 4," AERB Chairman Dinesh Kumar Shukla said. Four indigenously developed
Ahmedabad-based Torrent Group's green hydrogen plant in Gorakhpur in Uttar Pradesh was on Sunday inaugurated by state chief minister Yogi Adityanath. The project, jointly developed by Torrent Group entities Torrent Power and Torrent Gas, will have an annual production capacity of 72,000 tonnes per annum, the group said in a statement. "The Green Hydrogen produced at the plant will be blended with natural gas in Torrent Gas' City Gas Distribution infrastructure in Gorakhpur, maintaining its concentration up to 2 per cent," it said. The green hydrogen blended with natural gas will be further supplied to domestic households, CNG stations and industries in the region through the already laid network of natural gas pipelines. "Torrent's green hydrogen plant in Gorakhpur is the first Green Hydrogen plant in Uttar Pradesh and is also the largest Green Hydrogen and Natural Gas blending project in the City Gas Distribution sector in the country," the statement said. Torrent Gas has licence
India attracted over USD 36 billion investment from nine NELP bid rounds held before 2014, and has so far yielded 177 oil and gas discoveries, according to a report commissioned by the Petroleum Ministry. Under the New Exploration Licensing Policy (NELP), blocks were awarded to bidders promising maximum exploration, allowing them to recover investments from oil and gas they discover and produce before sharing profits with the government. In 2016, this was replaced by a revenue-sharing model, where blocks go to firms offering the highest share of output to the government. The 254 blocks awarded in nine bid rounds of NELP between 1999 and 2010 attracted USD 17.6 billion investment in exploration that led to 67 oil discoveries and 110 gas finds, and another USD 18.64 billion in development of some of those discoveries. The 144 blocks awarded in eight big rounds of Open Acreage Licensing Policy (OALP) from 2018 to 2022 saw USD 1.37 billion investment in exploration, leading to 6 oil ..
INOXGFL Group is planning to list INOX Clean Energy on the domestic stock exchanges in the upcoming financial year and garner Rs 5,000 crore from the issue, sources said. INOX Clean Energy will be the fifth entity of the USD 12 billion group to be listed on the bourses. "The INOXGFL Group is preparing to take INOX Clean Energy public, aiming to raise 10-15 per cent from the public at a valuation of Rs 50,000 crore (USD 6 billion), industry sources said. Once completed, the IPO will be among one of the largest fundraising initiatives in the country's private renewable energy sector. The IPO is expected to hit the market in the third quarter of the 2025-26 financial year, sources said. Sources also said INOXGFL has appointed five leading investment banks to manage the issue. An email query sent to INOXGFL Group remained unanswered. INOX Clean Energy is an integrated renewable platform spanning solar manufacturing, including cells and modules, and an Independent Power Producer (IPP
President Donald Trump began dismantling his predecessor's climate change and renewable energy policies on his first day in office, declaring a national energy emergency to speed up fossil fuel development a policy he has summed up as drill, baby, drill. The declaration calls on the federal government to make it easier for companies to build oil and gas projects, in part by weakening environmental reviews, with the goal of lowering prices and selling to international markets. Democrats say that's a sham. They point out that the U.S. is producing more oil and natural gas than any other country and the Biden administration's Inflation Reduction Act boosted renewable energy at a critical time, creating jobs and addressing the climate change threat 2024 was Earth's hottest year on record amid the hottest 10-year stretch on record. It would also set a horrible precedent, that a president of either party can invent a sham emergency and then grab away from Congress powers that Congress h