Page 3 - Energy Sector

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

Energy trading platform Prisma signs MoU with IGX for market cooperation

Prisma European Capacity Platform GmbH and Indian Gas Exchange Limited (IGX) on Tuesday signed a memorandum of understanding (MoU) on gas market cooperation to support transparent, efficient, and sustainable gas markets. "The MoU intends to build a basis for cooperation and development of modern, transparent and efficient gas markets, explore digital solutions for booking and trading gas and LNG, along with exchanging knowledge and best practices," IGX said in a statement. The MoU was signed during a delegation visit to Prisma's Leipzig headquarters. Under the MoU, Prisma and IGX will collaborate in areas such as knowledge sharing and training through joint workshops, training programmes, and capacity-building initiatives for regulators, operators, and market participants. The two would also explore best practices in digital solutions for booking and trading of natural gas and LNG infrastructure, as well as exchange insights on regulatory frameworks to support market transparency a

AERB transfers approvals for Mahi-Banswara to Anushakti Vidyut Nigam

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

Blue Energy Motors raises $50 mn to accelerate green trucking in India

Blue Energy Motors (BEM), India's leading manufacturer of LNG and Electric heavy-duty trucks, has secured fresh funding, bringing its total capital raised to USD 50 million, the company said on Thursday. The company's vision for green mobility is backed by Essar and FPT (Iveco Group), serving as both a strategic investor and technology partner. "In the latest funding round, Blue Energy Motors raised an additional USD 30 million from Nikhil Kamath and Omnitex Industries," the company said in a statement. BEM currently has a manufacturing capacity of 10,000 trucks per year. The fresh funding will be instrumental in fully unlocking this capacity, accelerating production, expanding the development of liquefied natural gas (LNG) and electric vehicle (EV) heavy-duty trucks, and scaling the company's green mobility footprint across India. "The company is at the forefront of decarbonising India's transportation sector, which contributes nearly 15 per cent of the country's total carbon ...

China stockpiling so much oil raises questions despite surge in EVs

China has purchased more than 150 million barrels - costing about $10 billion at current prices - above its actual use so far this year

Govt may rebid 40 GW renewable projects stuck due to lack of purchase deals

The government is expected to go for rebidding of around 40 GW of renewable energy projects that have been stalled in the absence of power purchase agreements (PPAs), official sources said on Wednesday. These 40 gigawatt (GW) includes both solar and wind capacity projects, one of the sources said. "Marketing efforts are on. If it does not get any success then "we will see at some point we will close it", sources told PTI. At present the winners of these tenders are engaged with distribution companies (discoms) because they are the potential buyers, they said, adding that no one is going to face any loss as no investment has happened yet in these projects. It is only the price discovery which has happened. Tariff rate of solar projects ranges from Rs 2.38 to Rs 2.56 per unit, while for that of vanilla wind between Rs 3.70 per unit and Rs 3.90 per unit, they said. Meanwhile, industry body FICCI said in a statement that the CERC (Central Electricity Regulatory Commission) will releas

Power sector CO2 emissions down for only second time in half a century

The power sector accounts for over half of India's total emissions. CO2 emissions from power generation added up to around 724 million tonnes (mt) in H1 2025