Page 10 - Energy Sector

India calls for 'energy transition', sees role of fossil fuels in near term

Calling for a nuanced understanding on 'energy transition', India on Tuesday said the shift from polluting fossil fuels to cleaner sources should be just where affordable energy is available to meet needs of developing nations. Speaking at the inaugural session of India Energy Week, Oil Minister Hardeep Singh Puri said energy transition "is not outright replacement (of any fuel) but more shifting the primacy of one energy source over another." Developing nations like India meet most of the energy demand from fossil fuels such as coal, oil and natural gas. While there is a call to shift from the polluting sources to renewables, India feels that move cannot be abrupt, with oil and gas as well as coal continuing to meet energy demand in the period when the cleaner sources are scaled up. "The very notion of 'energy transition' requires a nuanced understanding. It is not outright replacement, but more shifting the primacy of one energy source over another," he said. "The transition isn'

By 2030, India wants to add 500 GW renewable energy capacity: PM Modi

Prime Minister Narendra Modi virtually addressed the India Energy Week 2025, outlining India's energy roadmap and the country's commitment to becoming a global energy leader

India Energy Week: Alternative sourcing deals with global firms on cards

Energy Ministers from UK, Qatar and African economies to be present at 3rd IEW beginning today

Juniper Green Energy secures $1 billion fund in phased debt financing

Renewable energy developer Juniper Green Energy on Monday said it has secured USD 1 billion in phased debt financing over the past few months from leading financial institutions. This strategic funding will support the growth and development of Juniper Green Energy and its subsidiaries, specifically for wind-solar hybrid and Firm & Dispatchable Renewable Energy (FDRE) projects. The company has successfully secured USD 1 billion in phased debt financing over the past few months from leading financial institutions, including Power Finance Corporation Limited (PFC), DBS Bank, HSBC Bank, and the Indian Renewable Energy Development Agency Limited (IREDA), Juniper Green Energy said in a statement. This fresh debt financing positions Juniper Green Energy to execute large-scale renewable projects, strengthen its operational capacity, and meet the rising demand for clean energy, it informed. Juniper Green operates a total capacity of 1.1 GWp. Recent developments include Juniper Green ...

Renewable energy projects of 40 GW fail to find buyers for green power

A senior official said, pausing more tenders was "seriously considered" till pending PPA/PSAs are signed, but no final decision was taken

Naveen Jindal Group forays into nuclear energy with a new company

"This strategic initiative aligns with the Government of India's Union Budget 2025 announcement, which targets 100 GW of nuclear power capacity by 2047'' the company said

Reliance Power Q3FY25 results: Firm records Rs 41.95 crore net profit

The company stated that it reduced the debt-to-equity ratio from 1.61:1 in FY24 to 0.86:1 in Q3FY25

Govt likely to flag deportation by US military aircraft during Modi's visit

Discussions between the two sides will also cover the entire gamut of issues from trade, energy security to increased security cooperation, sources said

Nuclear focus promising but risky; strong regulatory measures key

While accelerating nuclear adoption and private sector involvement, the government must ensure strong regulatory measures to maintain safety

The nuclear option: Budget bets big on nuclear power, but questions remain

Budget bets big on nuclear power but questions remain

Emphasis on green transition to strengthen India's clean energy leadership

The Budget's focus on green transition will strengthen India's position as a global clean energy leader and meet decarbonization goals, industry players said. Girish Tanti, Vice Chairman, Suzlon said by strengthening Aatmanirbhar Bharat across manufacturing and agriculture, with a focus on clean tech, wind, solar, EV, and battery storage, the budget aims to accelerate self-reliance in wind and solar manufacturing. Pratik Agarwal, Managing Director, Sterlite Power and Chairman, Serentica Renewables, said there is continued focus on domestic manufacturing of generation and storage equipment, there is new-found mention of high-voltage transmission equipment. Given that there are global deficits in this product category, focusing on this sub-segment is a very sound move. Goldi Solar Managing Director said the National Manufacturing Mission's targeted support for all renewable energy sources is a welcome move, as it reinforces India's commitment to a level playing field and ambitious ...

Budget 2025: 'Made in India' energy transition gets boost with duty cuts

Customs duties on input goods for electric vehicles, solar panels slashed

Budget 2025: Energy stocks rally up to 9% on Nuclear Energy Mission plan

Budget 2025 highlights: Development of at least 100 gigawatt of nuclear energy by 2047 is essential for our energy transition effort, FM Sitharaman said on Saturday during Union Budget 2025 speech

Vedanta Q3 FY25 results: Net profit rises 76.2% to Rs 3,547 crore

During the quarter, the metals and oil & gas company reported a consolidated net profit of Rs 3,547 crore, compared to Rs 2,013 crore a year ago

Critical mineral mission shows India's effort for energy security: Deloitte

Consulting firm Deloitte India has welcomed the government's approval to Rs 16,300-crore National Critical Mineral Mission stating that it is well-timed and signals a commitment to strengthen energy security in the face of global uncertainties. "The Cabinet's approval of the National Critical Mineral Mission, accompanied by a significant financial outlay, is a major step forward for India's energy security. Given the country's vulnerability to geopolitical shifts surrounding critical minerals, this mission addresses a key area of concern. It is a well-timed and highly welcome move by the government," Rakesh Surana, Partner, Deloitte India, said in a statement. What stands out most about this initiative is its holistic approach that covers the entire value chain. The focus is not just on the exploration of critical minerals, but also on crucial elements such as processing and recovery from end-of-life products, he said. "This multi-faceted approach will likely drive significant ...

Adani Power Q3FY25 results: Net profit rises 12% to Rs 3,057 crore

Board approves fund-raising plans of Rs 5000 crore through equity sale, enhances NCD limit to Rs 11000 crore

Suzlon Energy Q3FY25 results: Net profit rises 90% to Rs 387 crore

Revenue from operations rose 91 per cent to Rs 2,968.81 crore for Q3FY25, compared with Rs 1,552.91 crore in the corresponding period last year

Shyam Metalics and Energy Q3 results: PAT rises 56% to Rs 197 crore

Integrated metal-producing company Shyam Metalics and Energy Ltd (SMEL) on Tuesday reported a 56.3 per cent rise in consolidated Profit After Tax (PAT) at Rs 197 crore for the quarter ended December 31, 2024. The company had posted a consolidated PAT of Rs 126 crore in the year-ago period, SMEL said in a statement. The revenue of the company during the third quarter rose to Rs 3,753 crore over Rs 3,315 crore in the year-ago period. "We are delighted to report an exceptional performance in Q3FY25, with profitability soaring....to Rs 197 crore. Quarterly revenues increased...to Rs 3,753 crore while Operating EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reached Rs 456 crore. "The consistent growth of our value-added product portfolio further reinforces our commitment to diversification and strengthening our market position," the company's Vice Chairman and Managing Director Brij Bhushan Agarwal was quoted as saying in the statement. Shyam Metalics is an ..

West Asian Energy again? Geostrategic shifts, reconstruction reshape region

Following the sabotage of the Nord Stream pipelines and suspension of supplies via the Yamal pipeline through Poland, Russia has to compete for access to European markets mainly through LNG exports

Global mining sector needs $1.7 trn funding to transition energy: HZL cheif

The global mining sector requires an estimated investment of USD 1.7 trillion to facilitate energy transition, Hindustan Zinc's (HZL)Chairperson Priya Agarwal Hebbar has said. "For the energy transition to happen successfully...we need $1.7 trillion in mining investment. We see an opportunity in India. India is in a sweet spot where it can thrive in this sector," she said. At the recently held World Economic Forum in Davos, Hebbar addressed the critical topics surrounding the global energy transition on multiple occasions. She spoke about the importance of critical minerals, the future of climate action strategies, embedding sustainability across the value chain, prioritising women's health and driving India's workforce revolution. She was amongst the few Indian women entrepreneurs representing Vedanta and Hindustan Zinc at the esteemed forum, where industry stalwarts, political leaders, academicians and scholars create dialogues with the mission to improve the state of the world.