Page 10 - Energy Sector

Statsguru: Natural gas targets remain blurry as 2030 goal seems unlikely

Owing to the global energy crisis of 2022 and the consequent price increase, the share of natural gas imports in gross energy imports fell from 7.51 per cent in 2020-21 to 5.43 per cent in 2022-23

Schneider Electric announces plans to open manufacturing plants in India

Energy management and automation major Schneider Electric on Saturday announced plans to open three more manufacturing plants in India. Speaking at the inaugural session of Elecrama 2025, Schneider Electric CEO Olivier Blum said that the company plans to make regular investments in India. The company currently has 31 manufacturing plants in the country. The three new plants will come up at Kolkata, Hyderabad and Ahmednagar, he said at the event organised by industry body IEEMA in Greater Noida. "India's focus on digitalization, sustainability, energy transition, and infrastructure modernization presents unparalleled opportunities for growth," Blum said. "We are leveraging AI and digitization to accelerate growth in the Indian energy sector. We believe that advanced technologies like digital grids, IoT-enabled distributed energy resources, microgrids, smart buildings, and smart cities will reduce emissions by 75% over the next 25 years," he added. Schneider has already announced ..

Govt mulls bailout for power utilities to retain stability amid high demand

This would be the first time since 2021 that the federal government has injected money to state power utilities, which cost the government $35 billion then

Tata Power partners with Amazon Web Services for smart energy transition

Tata Power on Thursday announced its partnership with Amazon Web Services to drive smart and consumer-centric energy transition in India through modernization of its digital infrastructure and energy management. Tata Power has embarked on a data-driven transformation with Amazon Web Services (AWS) to accelerate the country's transition to a greener, smarter, and more consumer-centric energy ecosystem, the company said in a statement. The evolution of energy systems demands real-time analytics, automation, and decentralized power generation to optimize supply and demand. Digitalization enables grid stability, predictive maintenance, and seamless energy transactions, ensuring sustainability and operational efficiency, it said. Tata Power's partnership with AWS exemplifies this digital-first approach, harnessing cloud computing, artificial intelligence (AI), and IoT to build a smarter, more efficient power ecosystem. Tata Power has already laid a robust digital foundation by migrating

Trump forms energy dominance council, boosts LNG exports, offshore drilling

President Donald Trump on Friday signed an executive order formally creating a National Energy Dominance Council and directed it to move quickly to drive up already record-setting domestic oil and gas production. Trump's administration also announced it has granted conditional export authorisation for a huge liquefied natural gas project in Louisiana, the first approval of new LNG exports since former President Joe Biden paused consideration of them a year ago. And Trump said he has directed Interior Secretary Doug Burgum to undo Biden's ban on future offshore oil drilling on the East and West coasts. Biden's last-minute action last month viciously took out more than 625 million acres offshore that could contribute to the nation's net worth, Trump said. Trump also vowed to revive a cancelled pipeline that would carry natural gas from Pennsylvania to New York, saying it could slash energy prices in the Northeast by as much as 70 per cent. Taken together, the actions underscored Trum

India Energy Week 2025: Common carrier rule opens new avenues for MGL

Ashu Shinghal, managing director of MGL, said that when the sector opens under the Act, they will get at least a 12 per cent return on their investment

Earnings downgrades a worry for Siemens India amid muted Q3 showing

The energy segment delivered good performance with revenue at ₹1,440 crore (+29 per cent Y-o-Y)

IEW Day 2: Sector majors sign strategic deals across the supply chain

"This development marks a major milestone in the ongoing efforts to diversify India's crude oil sources and strengthen energy cooperation with Brazil," BPCL said in a statement

EIL in talks with stakeholders to enter nuclear sector, targeting SMRs: MD

The EPC major has received Rs. 190 crore of orders from UAE's ADNOC in FY25

India must free gas pricing, unbundle marketing, transportation biz: IEA

International Energy Agency (IEA) on Wednesday asked India to free up its pricing of natural gas and unbundling of marketing and transportation business to help increase usage of the fuel in the economy. IEA in the India Gas Market Report: Outlook to 2030 projected the country's gas consumption rising by 60 per cent to 103 billion cubic metres (bcm) annually by the end of the decade. As India targets raising the share of relatively cleaner natural gas in its energy basket to 15 per cent by 2030 from just above 6 per cent currently, IEA prescribed a set of policy reforms to usher in its greater use. Pricing of gas, which is used to generate electricity, make fertilisers and turned into CNG to power automobiles and piped to household kitchens for cooking, is skewed. Gas from legacy fields of state-owned firms like ONGC and Oil India Ltd is currently capped at USD 6.5 per million British thermal unit while there are limits also imposed on fuel from difficult and high costing fields lik

More energy coming into global market from Western Hemisphere: Puri

The development and deployment of small and modular reactors have become part of the general discourse, Puri said

IEW 2025 : India on track to meet 2030 energy goals, says PM Modi

India will reach 20 per cent ethanol blending by October, Modi said

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