ReNew signs pact to build solar project of 150 MW in India with Google
India's ReNew Energy Global announced on Tuesday that it had signed a long-term deal with Alphabet to develop a 150-megawatt project in the western Indian state of Rajasthan. The agreement is in line Google's aim to be entirely carbon-free by 2030. India also wants to double the capacity of its non-fossil fuel power generation to 500 gigawatts before the end decade. Other?U.S. Other?U.S.
India's low battery storage bids are raising concerns about project viability
Industry experts and analysts fear that the record-low bids to build battery energy storage system in India could make some projects economically unviable, or even dangerous. This would hinder efforts towards renewable power. Battery projects are critical to India's goal to double its renewable energy capacity by 2030 to 500 gigawatts, while the grid operator reduces excess power.
India's top solar regulator blocks 3.2 GW of coal power plant, citing clean-energy push
A filing revealed that the power regulator in Rajasthan, India’s largest solar producer, refused to approve a 3,200 megawatt coal project. The regulator said it was against clean energy goals, and lacked justification based on demand forecasts. In an order published Thursday, the Rajasthan Electricity Regulatory Commission…
India's top solar regulator blocks 3.2 GW of coal power plant, citing clean-energy push
A filing revealed that the power regulator in Rajasthan, India’s largest solar producer, refused to approve a 3,200 megawatt coal project. The power regulator said it was against clean energy goals, and lacked justification based on demand forecasts. In an order published Thursday, the Rajasthan Electricity Regulatory Commission…
Document shows that the Norwegian state fund invested $20 million in India’s SAEL IPO-bound SAEL.
Norfund, the Norwegian state-owned fund, has invested $20 million in India's SAEL Industries Ltd. This brings its total investment up to $130 millions, ahead of SAEL Industries Ltd's planned initial stock offering. Two sources familiar with this move say that Norfund invested the money through compulsorily convertible preference shares.
Indian regulator listens to solar firms' complaints about losses caused by transmission delays
According to regulatory filings, India's federal regulator of power has accepted petitions from two renewable energy developers who sought compensation for losses due to delays in establishing transmission infrastructure. India's clean energy rollout could be a precedent that renewable energy developers will have to follow.
India to increase energy security by adding new strategic reserves of oil
The head of the company responsible for strategic reserves, who spoke on Wednesday, said that India is looking at building three new strategic oil reserve to increase its emergency stockpile as well as strengthen energy security. India is the third largest oil consumer and importer in the world. It imports over 80% of the…
India has said it will not restore the Indus Water Treaty with Pakistan
Amit Shah, the Indian Home Minister, said that India would never restore the Indus water treaty with Islamabad and the water flowing into Pakistan would be diverted to India for its own use. This was revealed in an interview published by the Times of India. After 26 civilians were killed in Indian Kashmir in an attack that Delhi called a terrorist act…
Oil minister: India will be a refining hub and will rely on fossil fuels up to 2040.
Hardeep Singh Puri, India's Oil Minister, said on Tuesday that India will continue to be the world's third largest oil consumer and importer until at least 2040. The country is also positioning itself to become a major refining center. Puri, speaking at a Bengaluru refining conference, said that while global refineries are shrinking as the energy transition proceeds at an unpredictable rate…
Sources say that India's HPCL will start a LNG terminal by the end of the year and seeks a long-term supply.
Three sources claim that India's Hindustan Petroleum Corp. (HPCL) has been in discussions with eight to nine companies about a long-term LNG supply. HPCL built the sixth LNG import terminal in India at Chhara, located in western India. New Delhi is trying to increase the use of cleaner fuels. It was the bad weather that prevented the company from commissioning the plant earlier this year.
Tata Power, an Indian company, will invest $14.3 billion in Rajasthan over a period of 10 years.
Tata Power, an Indian company, announced on Monday it would invest 1.2 trillion rupees (14.32 billion dollars) over the next ten years in Rajasthan in the north of India. The majority of this money will go towards renewable energy projects. Tata Power and the State signed an agreement for the development of renewable energy projects.
Adani Power wins 25-year power supply contract with Maharashtra after winning joint bid
Adani Power, Adani Green Energy and Adani Energy won a bid for a combined supply of 6,600 MW renewable and thermal energy to Maharashtra State over a 25-year period. Adani Green Energy’s wind-solar power plant in Jaisalmer, Rajasthan, has been supplying green energy to Mumbai, Maharashtra's capital, since March 2023. Adani Green Energy…
APM Terminals Pushes Solar Energy in India
South Asia's APM Terminals Inland Services, operator of port and integrated inland service networks, is helping set up solar power plants in deep pockets of India.The global terminal network company is providing tailor-made logistics solutions to help overcome transport, technical and procedural challenges.The company is now offering a new end-to-end solution for major solar projects…
Vedanta Granted Rajasthan Extension
The Government of India, acting through the Directorate General of Hydrocarbons, Ministry of Petroleum and Natural Gas has granted its approval for a 10-year extension of the Production Sharing Contract (PSC) for Vedanta subsidiary Cairn, Oil & Gas at the onshore Rajasthan Block RJ-ON-90/1.The tenure of the RJ Block PSC…
India to Auction 55 Oil and Gas Exploration Blocks
India will begin the auction of 55 oil and gas exploration blocks from Thursday under new rules, the country's first licensing round after eight years, as it seeks to unlock its vast hydrocarbon resources, the upstream regulator said. The world's third biggest oil importer last year eased rules and allowed companies to…
Cairn Oil and Gas to Invest $4.6 bln in New Exploration
Cairn Oil and Gas, part of Vedanta Ltd, will invest 300 billion rupees ($4.6 billion) in exploration projects off India's east coast and in the onshore fields of Barmer in the west, its acting CEO said. The company expects approvals to be in place by the end of October, Sudhir Mathur told Reuters on the sidelines of the India Energy Forum in New Delhi…
Xodus wins Subsurface Contract with Cairn Oil and Gas in India
Xodus Group won a contract with Cairn Oil and Gas of Vedanta Ltd. to conduct exploration and appraisal work on its Rajasthan block in north-west India over the next two years. The first stage of the work will focus on delivering new drilling prospects and an exploration drilling plan, in partnership with Cairn Oil and Gas’ in-house team.
Indian Renewable Firms Plan $2.5 Bln in Offshore Dollar Bond Issues
Four Indian renewable power producers are planning to raise up to $2.5 billion via dollar bonds offshore because of caution among domestic lenders, banking sources said. In addition to the four solar and wind power firms, a fifth company that invests in renewable projects, Adani Group, has raised $250 million via a loan but has yet to publicly announce the borrowing, the sources told Reuters.
Essar Oil's fuel exports to fall in 2018/19 as focus shifts to local sales
Indian refiner Essar Oil's fuel exports will sharply drop in 2018/19 as it ramps up local sales by doubling its retail network and turns some of its naphtha into profitable gasoline, its managing director said. Rising fuel demand, driven by India's thirst for gasoline, is expected to help push the growth rate in the country's fuel consumption ahead of China's.
Cairn India's 1Q Net Profit Drops 28%
Oil explorer Cairn India Ltd , controlled by billionaire Anil Agarwal, said on Thursday consolidated net profit in the first quarter of its business year fell 28 percent from the same period a year ago due to lower crude oil prices. The crude oil and gas producer, with assets in Rajasthan state's Barmer basin, Andhra Pradesh's Ravva basin and Gujarat's Cambay basin…