Page 2 - India Energy Demand

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

Chevron to invest $1 billion in India for engineering and innovation hub

Chevron's $1-billion investment in India will span several years, supporting the country's role in sustainable energy and contributing to affordable, cleaner power generation

Voices from India Energy Week 2025: Industry leaders share key insights

India Energy Week 2025 kicked off with a dynamic start, bringing together a diverse mix of industry leaders, eminent personalities, and organisations from the energy sector.

IEW 2025 : India on track to meet 2030 energy goals, says PM Modi

India will reach 20 per cent ethanol blending by October, Modi said

'Music to my ears': Hardeep Singh Puri on Trump admin's stance on energy

Union Oil Minister Hardeep Singh Puri made the statement during a panel session on the inaugural day of the four-day India Energy Week 2025

Energy transition fund in crude oil sector unlikely to make return

Petroleum ministry had requested to reinstate the fund in Union Budget

India Energy Week 2025 to be 2nd largest global energy event: Hardeep Puri

The third edition of the four-day India Energy Week, which is scheduled to take place in the National Capital from February 11, will be the second-largest energy event globally in terms of participation, exhibition space, and sessions, Union Minister Hardeep Singh Puri said on Friday. Addressing the media here ahead of the four-day event, Puri, who is the Minister for Petroleum and Natural Gas, said that a Clean Cooking Ministerial will also be hosted on the sidelines of the India Energy Week 2025. The Ministerial will serve as a vital platform to strengthen collaborative efforts for accelerating the global adoption of clean cooking solutions and further amplify India's leadership role in ensuring access to sustainable and affordable energy solutions, reinforcing its global commitment to energy equity, the government said. India's highly successful Pradhan Mantri Ujjwala Yojana (PMUY) will take centre stage, showcasing valuable insights and best practices as a global template for ..

India to be global hub for renewable energy in next 30 years: US Ambassador

Like the resilience of a palm tree that grows notwithstanding the "strongest storm" and "biggest wind", the India-US relationship will continue to thrive and benefit the world, US Ambassador Eric Garcetti said on Monday. In an address at an event, the envoy specifically lauded India's "bold goals" for renewable energy and said it will emerge as the "shop floor" globally in the sector in the next 30 years. "India's ambitious targets and policies are making it a leader in solar and wind capacity, not just for this country, but to be able to manufacture at cost for the world -- the solar panels that we need, the electrolyzes that we want, the batteries that are critical," he said. "India will, mark my words, in the next 30 years, be the shop floor for the renewable energy revolution," he said. The outgoing ambassador was speaking at the South Asia Women in Energy leadership summit hosted by the US-India Strategic Partnership Forum (USISPF). The ambassador narrated an episode of a hot

India to enhance power demand forecasting for improved grid stability

Changing power usage patterns, rising use of intermittent solar and wind energy and increasingly frequent extreme weather events have complicated demand forecasting, requiring systemic reforms

Energy trade volume up 14%, hits all-time high of 110 bn units in FY24: IEX

Energy trading platform IEX on Thursday said it has logged the highest-ever trade volume of 110 billion units (BU) in the fiscal year 2023-24, registering a growth of nearly 14 per cent year-on-year. The total trade volume has crossed the 100 BU-mark for the first time in FY24, the exchange said. IEX (Indian Energy Exchange) achieved 110 BU total trade volume in FY24, registering an increase of 13.8 per cent on a Y-o-Y basis, according to a statement. Giving segment-wise break-up, it said that 75.39 lakh RECs (Renewable Energy Certificates), equivalent to 7,539 million units, were traded during FY24, registering an increase of 26 per cent year-on-year. The government undertook several measures which led to a better supply scenario in the country, as a result of which the sell side liquidity improved on the exchange, it said. During the year, the sell liquidity on the exchange increased by 16.9 per cent Y-o-Y, which led to a decline in the DAM (day ahead market) prices by 12 per ce

India to invest $67 bn in 5-6 years for developing gas sector: PM Modi

Ethanol policy has helped in reducing carbon emissions and fuel import bill, he says

India to see investment of $67 bn in next 5-6 years in energy sector: PM

Prime Minister Narendra Modi on Tuesday said that India will see an investment of USD 67 billion in the energy sector in next 5 to 6 years as he invited global investors to participate in India's growth story. Inaugurating the second edition of the India Energy Week here, Modi said the Indian economy is growing at the rate of more than 7.5 per cent and the country will soon become the world's third-largest economy. He invited global players to participate in India's energy sector growth, saying that the country is expected to increase its refining capacity from 254 MMTPA (million metric tonne per annum) to 450 MMTPA by 2030. He said, "In next 5-6 years, the investment of USD 67 billion is going to be done in energy sector in India." The prime minister further said that India is investing unprecedented money in the energy sector that has never happened before. He also said that the country's primary energy demand will be doubled by 2045. India, Modi said, is the third-largest cons

PM to inaugurate India Energy Week in Goa on Feb 6, dedicate NIT campus

Prime Minister Narendra Modi will inaugurate India Energy Week 2024 in Goa on Tuesday and also dedicate to the nation the permanent campus of the National Institute of Technology apart from laying foundation stones for various projects costing more than Rs 1,330 crore. Modi will also address Viksit Bharat, Viksit Goa 2047 programme. The PM will inaugurate the ONGC Sea Survival Centre at Betul village in South Goa at 10:30 am and inaugurate India Energy Week. He will participate in the Viksit Bharat, Viksit Goa 2047 programme at Fatorda in the afternoon, as per a release issued by the Prime Minister's Office. The Energy Week will be India's largest and only all-encompassing energy exhibition and conference expected to be attended by around 17 energy ministers from different countries. "Achieving 'aatmanirbharta' (self-reliance) in energy requirements has been a key focus area of the prime minister. In yet another step in this direction, India Energy Week 2024 will be held from Febru

100 new biogas plants will soon be established in UP: Hardeep Puri

Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Saturday said that 100 new biogas plants will soon be established in Uttar Pradesh. Speaking to reporters in Lucknow before going to the inauguration of the Compressed Bio Gas Plant in Budaun, Puri said that in the last seven years, under the leadership of Chief Minister Yogi Adityanath, the state has shed the label 'BIMARU' (sick) state and has done excellent work in every sector. "Today a new compressed biogas plant is going to be inaugurated in Budaun and the foundation stone of new compressed biogas plants will also be laid in eight other districts of the state," he said. Puri said that the process of land selection for setting up 37 plants is complete. According to a statement by the UP government, Puri said that the Budaun plant, developed on 50 acres with an investment of about Rs 135 crore, will produce about 14 tonne of compressed biogas every day, and will be instrumental in stubble management. Earlier, ...

Coal production from captive, commercial mines likely at 187 MT in FY25

The government on Monday said that coal production from captive and commercial blocks is likely to be 186.63 Million Tonnes (MT) in the next fiscal. The production will be further enhanced to 225.69 MT in FY26, the coal ministry said in a statement. "As per the present plans of the ministry, production targets from such mines will be touching 383.56 million tonnes by FY 2029-30," the coal ministry said in a statement. In the 2024-25 fiscal, coal production from such mines is expected to rise to 186.63 MT, the government said. In December 2023, the total coal production from captive and commercial coal mines rose 38 per cent to 14.04 MT from 10.14 MT in the year-ago period, it said. As per the latest figures, 50 captive and commercial coal mines are in operation. The total coal production from captive and commercial coal mines in the April 1-December 31, 2023 period was 98 MT, as per the statement. In 2020, Prime Minister Narendra Modi had launched the auction process for 41 coal

Action on energy demand can save global economy $2 trillion a year: WEF

A set of business actions aimed at reducing the intensity of energy demand can unlock annual savings of at least USD 2 trillion a year for the global economy if measures are taken by the end of this decade, a new WEF study showed on Monday. These targeted practical actions can also boost growth and cut greenhouse gas emissions. Releasing the report ahead of its Annual Meeting in Davos from January 15-19, the World Economic Forum (WEF) said the right policy frameworks would unlock growth and productivity, save companies cash, deliver competitive advantage and reduce emissions. The report was launched in collaboration with PwC and is supported by over 120 global CEOs who are members of the WEF's International Business Council (IBC), a group representing 3 per cent of global energy use. In one of the most widely supported initiatives at United Nations climate change conference COP28, governments pledged to triple the world's renewable energy capacity by 2030 and double the rate of ene

Coal sector up 10.9% among core industries in Nov on domestic output boost

The data indicates that the combined index of eight core industries showed an increase of 7.8 per cent (provisional) in November 2023, the government said

Indian refiners seek to boost Middle East supplies as attack delays cargoes

Shippers turned cautious about entering the Red Sea in recent weeks due to multiple attacks by Yemen's Iran-backed Houthi rebels

Peak power demand likely to touch 350,670 MW mark by 2030-31: Centre

The peak electricity demand in India is expected to touch 3,50,670 MW mark by 2030-31, and the government is taking various measures to meet the increased demand, Union Minister R K Singh has said. The peak demand has gone up from 1,35,918 MW in 2013-14 to 2,43,271 MW in September 2023. This is a rise of almost 79 per cent and the demand has been met, the minister for power said on Thursday. A series of concerted measures have led to 70 per cent increase in generation capacity from 2,48,554 MW in March 2014 to 4 25,536 MW in October 2023, he said in Lok Sabha. "As per 20th Electric Power Survey (EPS) report published in November 2022, the peak electricity demand in the country in 2030-31 is expected to be 3,50,670 MW. We have taken steps to meet the increased demand for power in the country," Singh said. The minister said 27,180 MW of thermal capacity is under construction, 12,000 MW has been bid out and 19,000 MW is under clearances. The total anticipated thermal capacity additio

India's coal production to cross 1 bn tonnes in FY24: Pralhad Joshi

Coal and Mines Minister Pralhad Joshi on Wednesday expressed confidence that the country's coal production will cross one billion tonnes in the ongoing financial year. The country's production target of the fossil fuel for 2023-24 is 1,012.14 MT. Speaking during the launch of the ninth round of commercial coal mine auction, the minister said, "This year we are going to cross one billion tonnes production." The estimated demand of coal in the current fiscal is 1,196.60 million tonne (MT). The demand of electricity by 2030 is going to double and to cater to the need the country needs coal, the minister said. With the completion of the ninth round of auction, the sale of 100 coal blocks would be completed. A total of 31 coal mines are being offered in the ninth round of commercial coal mine auctions. The mines being auctioned are spread across coal, lignite-bearing states of Jharkhand, Chhattisgarh, Madhya Pradesh, and Telangana.