Page 18 - Green Energy

IOC to set up green hydrogen plants at all refineries; lines up Rs 2 trn

India's top oil firm IOC will set up green hydrogen plants at all its refineries as it pivots a Rs 2-lakh crore green transition plan to achieve net-zero emissions from its operations by 2046, its chairman Shrikant Madhav Vaidya said. Indian Oil Corporation (IOC) is remodelling business with an increased focus on petrochemicals to hedge volatility in the fuel business, while at the same time turning petrol pumps into energy outlets that offer EV charging points and battery swapping options besides conventional fuels as it looks to make itself future-ready, he said. The company intends to expand its refining capacity to 106.7 million tonnes per annum from 81.2 million tonnes as it sees India's oil demand climbing from 5.1 million barrels per day to 7-7.2 million bpd by 2030 and 9 million bpd by 2040. "Oil will continue to be a mainstay fuel for the next few years but we are preparing for transition which will involve a combination of green hydrogen, biofuels, EVs and alternate fuels,

NHLML, Jodhpur Discom to set up 11 solar power plants on expressways

The National Highways Logistics Management Limited (NHLML) and Jodhpur Discom have signed an agreement to set up 11 solar power plants at six places in a section of the Amritsar-Bhatinda-Jamnagar Expressway passing through Rajasthan. A Memorandum of Understanding (MoU) has been signed between both the parties during a meeting held under the chairmanship of Chief Secretary Usha Sharma here on Wednesday, according to a statement. Under this, 11 solar power plants will be developed on the Amritsar-Bhatinda-Jamnagar Expressway at a total of six places in three districts -- Hanumangarh, Bikaner and Jodhpur -- of the state. These power plants with a total capacity of 27.43 MW will be set up under Saur Krishi Aajeevika Yojana (PM Kusum). These plants will come up at Kolha village in Hanumangarh district, Malkisar-Gopalyan road, Naurangdesar and Rasisar villages in Bikaner district and Bhikamkor village in Jodhpur district and will cover 8 substations. The Ministry of Road Transport and ..

India calls for greater cooperation with France in clean energy field

India has called for greater cooperation with France in the field of clean energy and highlighted Delhi's plans for green transitioning to EVs and hydrogen energy.

Under G20 presidency, 'green growth' priority for India: Bhupender Yadav

India has already submitted its Long-Term Low Emission Development Strategy document at COP 27

Centre to auction lithium reserves found in Jammu by June: Report

The discovery of 5.9 million tonnes of the metal in Reasi in Jammu and Kashmir has made India the seventh-largest holder of lithium reserves

Andhra Pradesh goes all out to woo investors ahead of investment summit

The key focus areas will be green energy, electronics and information technology, bulk drugs and pharmaceuticals, automobiles and electric vehicles, besides innovation and start-ups

Rooftop solar for poverty alleviation

Currently, the rooftop-subsidy programmes run by the Ministry of New and Renewable Energy require consumers to bear about 60 per cent of the costs

NTPC Green Energy to raise up to Rs 9,000 cr through rupee term loan

NTPC arm NTPC Green Energy Ltd (NGEL) has invited bids for rupee denominated term loan of up to Rs 9,000 crore. The bid document showed that NGEL intends to raise fresh debt and repay outstanding liability of Rs 8,200 crore towards NTPC by March 31, 2023 along with applicable interest cost. Also, additional funds to the tune of Rs 800 crore would be required for additional debt liability and for balance capex payments of projects which are yet to achieve full commercial operations, it stated. Thus, NGEL has invited offer for rupee term loan of up to Rs 9,000 crore, it said. The minimum amount of loan offered by banks/FIs (financial institutions) shall be Rs 1,000 crore and in multiples of Rs 500 crore thereafter, it stated. The last date for submission of bids is March 6, 2023. NTPC had incorporated NGEL in April 2022 for consolidating its renewable energy businesses and aggressively pursue its green/ sustainable energy venture.

Adani Green Energy puts Rs 10,000-crore capex plan under review

Company to reduce capex in near term; execs say large part of it can be discretionary

Rehaul rules to improve financing Indian green projects: Fitch unit

In a report listing steps to revise the framework, the unit of Fitch Ratings said implementing public-sector credit guarantees would help lower financing costs

Global green growth conundrum

Green growth is the overarching theme across the world and India is no exception, but the trend towards deglobalisation is throwing a spanner in the works

India Energy Week: Rising demand for fossil fuel dominated the talks

The coal entrepreneurs seem to have cottoned on to the fact that there is no doomsday arriving for the sector anytime soon

Andhra govt clears Rs 1.10 trn proposal of NTPC for new energy park

Public sector power generator NTPC is to set up a New Energy Park at Pudimadaka in Anakapalli district of Andhra Pradesh to produce products out of green hydrogen, green ammonia and green methanol at a cost of Rs 1,10,000 crore in two phases. An official release on Tuesday said the Andhra Pradesh State Investment Promotion Board (SIPB) cleared a series of investment proposals to establish several heavy industries in the State. NTPC will set up New Energy Park at Pudimadaka in Anakapalli district to produce products of green hydrogen, green ammonia and green methanol with a total investment of Rs. 1, 10,000 crore in two phases with each phase receiving an investment of Rs. 55,000 crore, the release said. The first and second phases with employment opportunities to 30,000 and 31,000 people would be completed by 2027 and 2032 respectively. The Accord Group would set up a Rs 10,000-crore factory at Ramayapatnam to make special minerals like copper cathode, copper rod, sulfuric acid an

India's decarbonisation efforts lauded at Energy Week: Oil India CMD

De-carbonisation via electric vehicles and hydrogen is among the four verticals in India's strategy for the energy sector, he said

World Bank keen on Rs 2,500-cr green resilient programme for Himachal: CM

Most departments will switch over to EVs by next year in the first phase, says CM Sukhu

Focused on green shift despite war-led scramble for conventional fuel: Puri

Petroleum minister hints at sustained lifting of Russian crude; hails IEW 2023 as a watershed event

Green growth push

New initiatives have long-term potential

India plans big for green energy sector in sync with G20 Presidency

It has a target of the annual production of 500 MMT (million metric tonnes) of green hydrogen by 2030

Budget: Energy transition gets fund boost, green growth key economic driver

The Centre has entrusted the oil ministry, which naturally has the highest fossil-fuel footprint, to steer the energy transition of the country

Budget 2023-24 wishlist: Here're key challenges in renewable energy sector

India missed the 175-Gw green energy target by the end of 2022 by 55 Gw as due to slow progress in project development