Page 10 - Energy Sector

Blue Energy signs pact with Maharashtra to set up ₹3,500 cr facility

LNG and electric heavy truck manufacturer Blue Energy on Thursday said it has signed an initial pact with the Maharashtra government to set up a new facility with a capacity of 30,000 trucks at an investment of Rs 3,500 crore. Anirudh Bhuwalka, Founder and Managing Director of Blue Energy Motors Ltd, said the company has so far invested USD 50 million in the plant. "Our target is to do 30,000 units (sales) of both heavy-duty electric and LNG-powered trucks cumulative in the next five years," Bhuwalka told PTI here. Earlier in the day, the company rolled out its first heavy-duty electric truck with a swappable battery and the country's first electric corridor between Pune and Mumbai. Fadnavis inaugurated the Mumbai-Pune corridor, which is the first step in the company's plans to electrify all major national highway corridors over the next three years. The Mumbai-Pune corridor is the first step in building a nationwide network of sustainable logistics, driving India's green freight

Ola Electric likely to foray into India's $30 billion energy storage market

Ola Electric is likely to enter the energy storage market, which is expected to reach over USD 30 billion by 2030, sources said. Ola Electric Chairman and Managing Director Bhavish Aggarwal has hinted at a major announcement on October 17, suggesting the company's entry into the segment. In a tweet, Aggarwal stated that power in India is transitioning "from utility to deep tech - intelligent, portable, and personal", signalling a potential shift beyond the company's core electric vehicle business. Industry sources speculate the announcement could involve Battery Energy Storage Systems (BESS) for homes and businesses, leveraging Ola's existing 4680 Bharat Cell technology from its Tamil Nadu Gigafactory. The timing aligns with growing demand for distributed energy solutions. If Ola is indeed entering the BESS market, the company would benefit from existing infrastructure that reduces traditional entry barriers. Its 5 GWh Gigafactory capacity could be repurposed for storage applicat

Can market coupling enable fair price discovery at power exchanges?

Supporters of the market coupling point to higher efficiencies and optimal price discovery, its critics argue that it will eliminate competition and innovation at power exchanges

Govt panel urges faster nuclear approvals, fuel security to meet 100GW goal

It has recommended using existing sites and retiring thermal plant locations for new nuclear projects

India, US to hold trade talks as New Delhi seeks higher energy imports

The official, speaking on condition of anonymity, due to the sensitivity of the issue, said India was looking to increase purchases of energy and gas from the US

Energy drives new Great Games as Russia-China deal prompts India rethink

The Chinese side is yet to confirm the Russian statements, but not because of any concerns about western sanctions

India Energy Stack looks to overhaul power sector's technology backbone

The ambitious initiative aims to integrate producers, distributors, and consumers into a connected data ecosystem for smarter energy management and consumer participation

India & the promise of a green hydrogen future: A frontrunner emerges

India's advantage rests on five decisive strengths. First, India offers globally unmatched rates for round-the-clock renewable energy, with prices ranging from ₹4.60 to ₹5 per kWh

NTPC, Gujarat govt partner to explore conventional and renewable energy

State-owned power giant NTPC Ltd on Thursday said that it has inked an initial pact with the government of Gujarat to explore opportunities in both conventional and non-conventional energy sectors. The Memorandum of Understanding (MoU) exchange took place in the presence of Bhupendrabhai Patel, Chief Minister of Gujarat; Pralhad Joshi, Union Minister of New & Renewable Energy; Kanubhai Desai, Minister for Finance, Energy and Petrochemicals, Gujarat and other senior dignitaries, a company statement said. The agreement, signed during the Vibrant Gujarat Regional Conference held in Mehsana, Gujarat, aims to explore opportunities in both conventional and non-conventional energy sectors, the statement said. NTPC is India's largest integrated power utility, contributing one-fourth of the country's power requirements and has an installed capacity of over 83 GW, with an additional capacity of 30.90 GW under construction, including 13.3 GW of renewable energy capacity. The company is ...

India on track to achieve 500 GW renewable energy target by 2030: Joshi

Union minister Pralhad Joshi says India's clean energy growth, led by solar, is progressing steadily with 162 GW in the pipeline and bids floated for nearly 100 GW

India now 3rd largest solar energy producer in world, says Pralhad Joshi

Union Renewable Energy Minister Pralhad Joshi on Wednesday said India's solar power generation capacity has touched the 125 GW mark, making the nation the third-largest solar energy producer. Addressing at the curtain raiser of 8th session of the International Solar Alliance Assembly, the minister said, "As per CoP28 outcome, we must triple the world's renewable energy to 11,000 GW by 2030. And solar power is the single greatest key to achieving both of these ambitions. The Eighth Assembly of the International Solar Alliance is scheduled from October 27 to 30 at Bharat Mandapam in New Delhi. "Today, with approx 125 GW of solar capacity, India is the world's third-largest solar producer," the minister said. This progress shows how national ambition can translate into meaningful change at the local level, he opined. Born from a vision shared by India and France, the ISA has become a powerful global platform for change, he stated, adding that its membership has increased to 124 countr

States sign more coal deals to meet projected power demand surge

Uttar Pradesh, India's most populous state, and eastern Assam state, which recently withdrew incentives for clean energy projects

IEX reports 16% rise in energy trade to 35,217 mn units in Sep quarter

Energy Exchange IEX on Monday reported a 16.1 per cent year-on-year rise in electricity trade volumes at 35,217 million units (MUs) for the September quarter. During the quarter, the Indian Energy Exchange (IEX) traded 44.22 lakh renewable energy certificates, recording a 30 per cent year-on-year decline. In July-September, increased hydro, wind and coal-based generation resulted in higher liquidity on the exchange, which led to a substantial drop in DAM and RTM prices. The market-clearing price in the day-ahead market (DAM) declined 12.5 per cent year-on-year to Rs 3.93 per unit in Q2 FY26. Similarly, the market-clearing price in the real-time market (RTM) fell 16.1 per cent to Rs 3.51 per unit in Q2 FY26. On August 25, heavy rains boosted liquidity, driving the average RTM price to near zero (Rs 0.01/kWh), discovered in a single time block (07:45 am to 8:00 pm). The DAM, including registered total volumes of 14,534 MU during Q2 FY26, increased by 1.4 per cent. The segment acco

An uncertain pivot: India's energy sector battles taxes, global turmoil

Energy security was what was occupying the minds of officials from India's oil ministry in 2024 when they burnt the midnight oil for months

Beaten-down stocks Part 2: Upsides seen in JSW Energy at current valuations

Analysts remain positive on the stock, citing expansion plans across thermal, wind and solar power

Govt invites bids for coal gasification projects under ₹8,500-cr scheme

The coal ministry has launched the second round of financial incentives, offering Rs 2,366 crore to support coal and lignite gasification projects and promote cleaner coal use

Energy minister of newly-formed Nepal govt will visit India in October

Nepal's minister of Energy and Water Resources Kulman Ghising is scheduled to visit India in October to attend the 8th meeting of the International Solar Alliance (ISA). This will be the first visit to India of a minister of the newly-formed government of PM Sushila Karki. Karki, 73, became prime minister on September 12, ending days of political uncertainty after the ouster of Prime Minister K P Sharma Oli following violent protests by youth-led Gen Z group against his government over corruption and a ban on social media. The Council of Ministers' meeting on Sunday decided to approve Ghising's proposed visit to India from October 27 to 30 to attend the ISA meeting in Delhi, according to officials. The Council of Ministers also approved Finance Minister Rameshwor Khanal's visit to the US to attend the joint meeting of the World Bank Group and International Monetary Fund from October 13 to 18.

India must press accelerator on battery storage to power future growth

The next chapter of India's energy landscape demands policies that reflect an appetite for pushing the envelope, and proactive leadership that anticipates trends, invests in innovation

Carbon-free data centres to create jobs, boost green energy: Minister

'Carbon-free' data centres will not only create jobs but also boost indigenous manufacturing of renewable energy and storage systems, Union Minister Shripad Yesso Naik has said. The Minister of State for Power and New & Renewable Energy made the remarks while inaugurating the First Data Centre Summit on Carbon-Free energy in the national capital on Thursday. "Every new carbon-free data centre built in India will create green jobs, boost indigenous manufacturing of renewable and storage systems, and generate new business models for digitalenergy convergence," Naik said at the event organised by industry body National Solar Energy Federation of India (NSEFI) in partnership with Amazon. The minister said the digital and the clean energy revolution in the country must now converge. India strongly believes that energy transition is not only about megawatts and gigawatts. It is about jobs, skills, and innovation. As per NSEFI, carbon-free data centres are those that are powered by or ...

BP sees global oil demand peaking at 103 million barrels per day by 2030

BP's annual energy outlook revises oil demand peak to 2030 at 103 mn bpd, citing India and emerging Asia as drivers even as renewables gain share in global energy mix