Page 33 - Energy Sector

PM asks investors to explore investment opportunities in energy sector

Prime Minister Narendra Modi on Monday urged global investors to explore investment opportunities in the country's energy sector, saying India is the most opportune place at present. Modi in his inaugural address at the India Energy Week 2023 said the Budget (for 2023-34) has provided Rs 10 lakh crore for capital expenditure, which will give a boost to green hydrogen, solar power and road sectors. "I ask you to explore all opportunities connected with India's energy sector. India is the most opportune place for investment today," he said at the India Energy Week, which is being attended by several ministers, corporate leaders and experts from different nations. The Prime Minister also recalled several initiatives taken by the government to promote green energy and make India net zero by 2070. The budget 2023-24 has provided Rs 35,000 crore to the petroleum and natural gas ministry for achieving the net-zero target. India Energy Week 2023 is the first major event of G20 under India

Challenge to energy security, access should be deliberated upon: R K Singh

Union Power Minister R K Singh on Sunday said discourse on energy transition needs to be expanded, and stressed upon deliberation on challenges such as energy security and access. He was speaking to reporters on the sidelines of the first energy transitions working group (ETWG-1) meeting, under G20 India Presidency here. Stating that the meeting is in preparation of a G20 declaration which is energy, Singh said, "It is the most critical aspect today, as you cannot develop without energy. Development means energy." At the same time, there is a climate crisis and the world needs to ensure that emissions are brought down in order to restrict global warming to below two degrees centigrade, which is achievable, he said in the conference that the different challenges for energy transition like technology, finance, supply chain would be looked at, as they are critical. Stressing the need to expand the discourse, the Minister said one cannot talk about energy transition alone, and there i

Rs 35K cr for energy transition: Energy sector awaits disbursement details

No decision has been taken on how to utilise this money for green initiatives and the government is yet to come out with any guidelines too

PM prioritising energy sector in northeast: Union minister Hardeep Puri

The prime minister's priority is to put the region on a high growth trajectory and he is putting great emphasis on the energy sector: Puri

PM Modi always prioritised energy sector of Northeast: Hardeep Singh Puri

Prime Minister Narendra Modi has always prioritised the energy sector of the North East, Petroleum and Natural Gas Minister Hardeep Singh Puri said here on Monday. The prime minister's priority is to put the region in the high growth trajectory and as such he is putting great emphasis on the energy sector, Puri said while participating at the run-up to the India Energy Week event here tonight. Without giving any detail, the Union minister said several big projects in the sector are also in the pipeline in the region. The Petroleum and Natural Gas minister was also present at the signing of the Memorandum of Understanding (MoU) between Numaligarh Refinery Limited (NRL) and the Assam government to set up three bamboo nurseries that were signed on the occasion. Each nursery will cover an area of five hectares to accomplish secondary hardening of tissue-cultured bamboo saplings and will be set up in Golaghat, Nagaon and Sonitpur. The three bamboo nurseries will generate saplings that

Transition to more inclusive, sustainable energy system needed: RK Singh

Union Minister R K Singh on Tuesday said a transition to a more inclusive, sustainable, affordable and secure global energy system is imperative

Ratan Tata-backed Repos expects to grow three-fold this fiscal to Rs 185 cr

Ratan Tata-backed energy distribution startup Repos is expected to grow by close to three-fold to Rs 185 crore in the current fiscal on account of increased traction for its service among business-to-business clients, a top official of the firm said. Repos Energy founder and CVO Aditi Bhosale Walunj told PTI at the Auto Expo 2023 that the company is in the process of raising Rs 300 crore to fund expansion of business across India as well as a platform to offer carbon-neutral fuels such as ethanol and electric vehicle chargers. "We have been fortunate enough to have Mr Ratan Tata as our initial investor. Last fiscal year we did business of Rs 65 crore. Our business has been growing multifold. This fiscal we expect our top line to be around Rs 185 crore," Walunj said. She said that the company's fuel distribution platform is mainly built around the delivery of diesel but it is now adding new fuels to the platforms to make it available at the doorsteps of end consumers with the help of

NTPC starts India's first green hydrogen blending operation in PNG network

State-owned power giant NTPC on Tuesday said it has started India's first green hydrogen blending operation in the PNG (piped natural gas) network of its township in Kawas, Surat. "The project is a joint effort of NTPC and Gujarat Gas Limited (GGL). The first molecule of green hydrogen from the project was set in motion by P Ram Prasad, Head of Project, Kawas, in presence of other senior executives of NTPC Kawas and GGL," a company statement said. The green hydrogen blending has been started in the piped natural gas (PNG) network of NTPC Kawas township in Surat, it added. After the start of the blending operation, NTPC Kawas held awareness workshops for township residents with the help of GGL officials. NTPC and GGL have worked relentlessly towards achieving this milestone in record time after the foundation stone laying by the Prime Minister on July 30, 2022. This set-up is geared up to supply H2- NG (natural gas) to households of Kawas township at Adityanagar, Surat. Green hydro

Why India needs to build a robust framework to facilitate energy transition

The investment buzz for the transition has begun but policy frameworks still lag the process

India got $13 bn FDI in non-conventional energy sector in 22 years: Govt

Domestic non-conventional energy sector has received over USD 13 billion through Foreign Direct Investment (FDI) route in the last 22 years, Parliament was informed on Tuesday. FDI, up to 100 per cent, is permissible through automatic route for the promotion of solar power generation in the country, Minister for New and Renewable Energy (MNRE) R K Singh informed the Rajya Sabha. Non-conventional sources of energy includes solar, wind and other renewable sources. Sharing the country-wise details of FDI/ equity inflow during the period April, 2000 to September, 2022, he said, India received USD 13.034 billion as offshore investment. The top contributor is Mauritius, followed by the United Kingdom, Singapore, Netherland and UAE, the minister said.

Uttar Pradesh sets a target of Rs 40,000 cr investments in energy sector

The steep proliferation in the state energy demand is attributed to the projected setting up of new industries and manufacturing plants over the next five years

Airbus looking at India, Aus, Latin America for green hydrogen supplies

European aerospace major Airbus is looking to source green hydrogen from markets like India, Australia and Latin America as part of its decarbonisation efforts, a senior company official said. Airbus is currently developing a hydrogen-powered fuel cell engine for its ambitious zero-emission aircraft that will enter service by 2035. It has also signed a partnership agreement with HyPort to set up a low-carbon hydrogen production and distribution station at the Toulouse-Blagnac airport in France. The cost of renewable energy production in India and Latin America, among others, make them attractive as potential supply hubs, Glenn Llewellyn, VP Zero-Emission Aircraft at Airbus, said. "One of the key activities that are underway at Airbus is to make sure that when we have a hydrogen aircraft available, we also have green hydrogen at airports. So, we are doing a lot of work with different airports and energy providers all across the world to make sure that green hydrogen is available at t

India-G7 JETP stuck over coal, Centre's insistence on own transition plan

RE, tech transfer & green jobs on India's agenda, Germany & the US to co-lead the negotiations

Tech Mahindra signs MoU with Egyptian agency for delivery centre in Cairo

Facility will serve firm's clients across telecom, oil & gas, BFSI, Energy & Utilities and public sector; company to hire 1,000 staff to serve global and local customers from centre

Day 1: IIT Guwahati bags highest foreign job offer of Rs 2.4 crore

A total of 25 offers with pay packages in excess of Rs one crore per annum were extended at the end of Session 1.1 on Day One of the recruitment process at IIT Madras

Tube Investments of India acquires 50% stake in X2Fuels and Energy

The acquisition would be by subscribing to 10,753 equity shares for a total consideration of Rs 6.15 crore

Installed power capacity in India doubled in last 10 years: RBI Data

Maharashtra has the highest installed capacity of power of 43,466 MW followed by 42,208 in Gujarat, RBI's 'Handbook Of Statistics On Indian States' showed

Railways eyes Rs 94k cr coal connecting projects as part of Energy Corridor

National transporter targets FY24 to close critical project pipeline

China signs one of its biggest ever LNG deal with Qatar at $60 billion

Qatar Energy will send Sinopec 4 million tons of LNG a year starting in 2026, the state-controlled companies announced in a virtual ceremony on Monday

Nearly 90% Finns take energy-saving measures due to rising prices: Survey

Almost half of the respondents said they would shortened shower time and kept room temperatures lower than usual.