Page 8 - Energy Sector

Statsguru: Coal reigns supreme as India's clean energy remains elusive

The share of coal in India's total final energy consumption (TFEC) inched up from 31.08 per cent in FY23 to 33.01 per cent in FY24

Energy storage sector to attract Rs 4.79 trn investment by 2032: IESA

India's energy storage sector is likely to attract Rs 4.79 lakh crore investment by 2032, industry body India Energy Storage Alliance (IESA) said on Sunday. At the 5th Edition of International Conference on Stationary Energy Storage India (SESI) 2025 concluded last week at Gandhinagar, in Gujarat, industry body IESA projected that India's energy storage sector is poised to expand five-fold between 2026 and 2032, a statement said. The National Electricity Plan (NEP), projected that India will need an energy storage capacity of 16.13 GW (7.45 GW PSP (pumped storage project) and 8.68 GW BESS (battery energy storage system) with a storage capacity of 82.37 GWh (47.6 GWh from PSP and 34.72 GWh from BESS) by 2026-27. By the year 2031-32, the storage capacity demand is projected to increase to 73.93 GW (26.69 GW PSP and 47.24 GW BESS), with storage of 411.4 GWh (175.18 GWh from PSP and 236.22 GWh from BESS). "India's energy storage sector is projected to expand five-fold between 2026 and

Govt rationalises registration fee for Coal Import Monitoring System portal

The government on Thursday said it has rationalised the registration fee for the Coal Import Monitoring System portal. The move is aimed at further promoting ease of doing business and ensuring uniformity across import monitoring platforms. The Coal Import Monitoring System (CIMS) is a digital platform developed to streamline the reporting of coal imports, ensuring timely and accurate data for effective policy formulation and sectoral analysis. The registration fee has been revised to a flat rate of Rs 500 per consignment, effective from Tuesday. This replaces the earlier fee structure, which ranged from Rs 500 to Rs one lakh per consignment. Rationalisation in registration fee aligns CIMS with similar Import Monitoring Systems such as the Steel Import Monitoring System, Non-Ferrous Import Monitoring System (NFIMS), and Paper Import Monitoring System, all of which operate under a flat fee model "By enabling real-time monitoring and informed decision-making in coal imports ...

Rajasthan govt sets sights to become energy surplus, says minister

According to the plan, the state government aims to produce 30 gigawatts (Gw) of solar power by the end of the financial year 2025-26 (FY25)

NTPC to add 30 Gw coal-based thermal capacity by 2032 to meet demand

All the additional capacity will come as brownfield expansion of its current thermal power units across the country

Construction major L&T incorporates arm to develop green hydrogen projects

Green hydrogen is a clean, renewable form of hydrogen gas produced by using electricity from sources like solar, wind, or hydropower

India lead in new coal proposals in 2024, says Global Energy Monitor

Approximately 60 per cent of the 38.4 GW of India's new proposals are backed by state-owned entities (SOEs) using public funds

NTPC seeks interest from global companies for nuclear power plant tech

According to the company, the move is aligned with the national objective of self-reliance in nuclear technology and localisation of the nuclear power plant supply chain

Moment to unleash new generation of entrepreneurs, says Anil Agarwal

Despite India's immense natural wealth, he pointed out that 60 per cent of the country's imports are driven by natural resources such as oil, gas, gold, copper, and diamonds

Kotak Mahindra AMC launches Kotak Energy Opportunities Fund; check details

The investment objective of Kotak Energy Opportunities Fund is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity-related securities.

Sunil Mathur to take over as new chairman of Siemens Energy India

Ketan Thaker, who had served as a non-executive non-independent director of the company since February 2024, has stepped down effective April 1, 2025, the company said

Thawing India's 'nuclear winter': Holtec nod should spur govt to tweak laws

The majority of the 22 operational indigenously built nuclear reactors have a capacity rating of 220 Mw

Nayara Energy appoints Deepesh Baxi as its Chief Financial Officer

Nayara Energy, India's biggest private fuel retailer, on Friday announced the appointment of Deepesh Baxi as its new Chief Financial Officer (CFO). "With an impressive career spanning over three decades, Deepesh brings extensive experience in finance, strategy and M&A, having worked on complex mandates across key sectors such as oil and gas, infrastructure and construction, retail and manufacturing," it said in a statement. Prior to joining Nayara Energy, he was Chief Financial Officer & Wholetime Director at Castrol India Limited. He has also worked with global leaders such as British Petroleum (bp) and Andersen, holding leadership roles in large, culturally diverse teams in both Asia Pacific and global offices. A Chartered Accountant, Certified Internal Auditor (USA) and IIM Ahmedabad alumnus, Baxi will lead Nayara's financial strategy and operations, supporting its continued growth and contribution to the energy sector. His proficiency spans across long-term strategy and ...

Installed nuclear energy capacity to reach 13 GW by 2029-30: Jitendra Singh

The government on Thursday informed the Rajya Sabha that the installed capacity of nuclear energy in the country will reach 13 GW by 2029-30 from present 8.18 GW, and it will further enhance to 22.5 GW once all sanctioned projects are completed by 2032. This was informed by Minister of State of Prime Minister's Office Jitendra Singh in the House during the Question Hour. "In this Budget a nuclear mission has been announced...I'm sure in the times to come, the history would record that this has been one of the most path breaking decisions in the history of independent India. And if one was asked to define in a single sentence, the hallmark of this decision...is the true vindication of Homi Bhabha's dream," the minister said while replying queries of the members. About private players' participation in the nuclear sector, Singh said an important component of the nuclear mission is that India will go in with the public-private participation, in a big way, in the manufacturing of small

L&T's biggest ever: Bags contract worth over $4 bn from QatarEnergy

The scope of work includes the engineering, procurement, fabrication, installation, and commissioning of two offshore compression complexes

India's energy security hampered by years of coal backlash, misses targets

India has seen a dramatic boom in renewable energy installations - but that's not been enough to supply increasing power needs, prompting the government to also double down on coal power

India's carbon market set for 2026 launch, BEE director reveals

Saurabh Diddi, director at Bureau of Energy Efficiency, explains India's carbon credit trading scheme, which includes mandatory compliance and voluntary offsets, aiming for a 2026 launch

CleanMax, Osaka Gas form joint venture for India's green transition

The newly formed entity, CleanMax Osaka Gas Renewable Energy (CORE), will focus on wind-solar hybrid solutions, starting with a 400-megawatt (MW) portfolio in Karnataka

Energy Investors Summit: Chhattisgarh gets investment proposals of Rs 3 trn

The investments have been offered under different schemes of the Chhattisgarh government, aiming to boost the state's energy infrastructure

Public sector oil, gas companies weigh term pacts; no formal talks yet

US push to sell more energy to India coincides with stable global crude, LNG prices