Page 9 - Energy Sector

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

60 Gw worth of renewable energy projects face connectivity troubles

Delay in transmission connectivity, expiry of ISTS waiver looming fears for the industry

Power consumption grows slightly to 131.54 billion units in Feb, shows data

India's power consumption grew marginally to 131.54 billion units (BU) in February, higher than 127.34 BU in the year-ago period, according to the government data. However, the two figures are not comparable, as 2024 was a leap year. According to official data, power consumption was 127.34 BU in February 2024. The highest supply in a day (peak power demand met) also rose to 238.14 GW from 222 GW in February 2024. The peak power demand touched an all-time high of about 250 GW in May 2024. The previous all-time high peak power demand of 243.27 GW was recorded in September 2023. Last year, the power ministry projected a peak power demand of 235 GW during the day and 225 GW during evening hours for May 2024, while 240 GW during daytime and 235 GW in the evening hours for June 2024. The ministry had also estimated that peak power demand may hit 260 GW in the summer of 2024. According to government estimates, peak power demand is expected to touch 270 GW in the summer of 2025. Expert

India extends production mandate for imported coal-fired power plants

The extension of the mandate is due to high demand for electricity in the country, the order stated

Localising supply chains needed for long-term success, say RE leaders

Ultra large projects and rising domestic production to replace traditional power in near future

Godrej Enterprises' Energy Solutions arm eyes Rs 2,000 cr revenue in 3 yrs

Company says it's focused on constructing power substations and expanding mechanical, electrical and plumbing business

Micromax makes foray into renewable energy space with Startup Energy

Home-grown consumer electronics brand Micromax Informatics on Wednesday announced its foray into renewable energy segment with the launch of Startup Energy. This new venture aims to revolutionize solar panel manufacturing in India, driving the widespread adoption of sustainable energy and supporting the country's ambitious clean energy mission, a company statement said. As the world accelerates its transition to clean energy, Startup Energy is poised to play a pivotal role in India's renewable energy revolution, it added. The company will focus on producing high-efficiency solar panels for residential, commercial, and industrial applications, ensuring affordable and scalable solar power solutions across the country. "Our goal is to make clean energy more accessible, reliable, and cost-effective, ensuring that individuals and businesses alike can benefit from sustainable power solutions," Rajesh Agarwal, Managing Director, Micromax Informatics said. As part of this expansion, Micro

Govt must double renewable capacity additions to meet 2030 energy targets

The country has set a target to achieve at least 500 GW of non-fossil power capacity by 2030

Oil and the war, 3 years on: Russia reshapes global energy dynamics

The war provided Prime Minister Narendra Modi's government with an opportunity to reinforce India's strategic autonomy by resisting Washington's pressure to sanction Russia