JSW Neo Energy has secured a 25-year Power Purchase Agreement with SECI to supply 230 MW of Firm and Dispatchable Renewable Energy at Rs 4.98 per kWh. This marks JSW Energy’s first FDRE project PPA, boosting its under-construction capacity to 12.9 GW and locked-in generation capacity to 30.2 GW. The company aims to achieve 30…
The oil ministry plans to amend the PNGRB Act, bringing oil companies’ dedicated pipelines under the regulatory board’s purview. This move aims to enhance monitoring, ensure safety compliance, and potentially convert these pipelines into common carriers. The goal is to foster fair competition and protect consumer interests by enabling third-party access and regulating transportation tariffs.
Torrent Power Ltd. is reportedly in discussions to acquire Larsen & Toubro Ltd.’s thermal business unit for approximately $1 billion, including debt. L&T aims to reduce its debt by divesting the unit and concentrating on its core engineering and construction operations. While talks are ongoing, the deal’s details could change, and other potential bidders may…
A free trade agreement between India and the UK is set to enhance trade relations. Kartikeya Dube says it will encourage collaboration and investments in the energy sector. The agreement aims to expand trade significantly by 2040. Ninety-nine percent of Indian exports will face zero duties in the UK.
An oil tanker carrying Russian Urals crude, initially destined for Nayara Energy’s Vadinar port in India, has been rerouted to Mundra port following EU sanctions on Nayara. Two tankers have also avoided loading refined products from Vadinar. The cargo of 700,000 barrels of Urals has been purchased by HPCL-Mittal Energy Ltd (HMEL) for its refinery.
Big news for the power sector. The Central Electricity Regulatory Commission will implement power market coupling. This begins with the ‘day-ahead market’. The target is January 2026. This move follows discussions with power sector stakeholders. Market coupling aims for price convergence. It will align electricity prices across regions. This creates a consistent pricing structure for…
The government is planning to boost local manufacturing of critical power transmission equipment, especially for HVDC lines, through stakeholder discussions and initiatives like technology acquisition. This move, spurred by the FY26 budget’s clean tech focus, aims to strengthen the supply chain, increase domestic value addition, and support the expansion of power transmission infrastructure for renewable…
Indian Oil Corporation’s restructuring of its pipeline division and outsourcing plans for aviation fuel stations, depots, and terminals are facing strong internal opposition. The Indian Oil Officers Association has cautioned the petroleum minister about potential risks to operational integrity and strategic interests. Concerns include compromised safety standards and misaligned priorities during emergencies due to privatization.
India’s oil ministry proposes a draft contract offering compensation to explorers if the government seizes assets or contractual rights under oilfield agreements. This move addresses international energy companies’ concerns about expropriation, aiming to attract foreign investment in exploration. However, compensation is conditional and won’t apply in certain situations, such as failure to submit a field…
In a significant win for regulatory bodies, the Supreme Court has upheld the Delhi High Court’s decision, exempting the fees collected by the CERC and DERC from GST. This ruling dismisses demands for an 18% tax on regulatory fees, affirming that these bodies perform quasi-judicial functions, not support services.