PFC has secured a EUR 150 million loan from KfW to support India’s Revamped Distribution Sector Scheme (RDSS). This collaboration aims to improve the operational and financial efficiency of power distribution companies nationwide. The partnership between PFC and KfW strengthens Indo-German cooperation in the energy sector, advancing the shared goal of accelerating energy transition and…
External Affairs Minister S. Jaishankar defended India’s Russian oil imports, highlighting that China and the EU are larger buyers and that India is contributing to global energy stability, as encouraged by the U.S. He questioned the criticism directed at India, noting that its trade with Russia has not surged disproportionately and oil imports from the…
Facing EU sanctions due to Rosneft’s stake, India’s Nayara Energy is reportedly utilizing a ‘shadow fleet’ to import oil and export refined fuels. This fleet, estimated at a fifth of global tankers, helps circumvent Western sanctions by obscuring vessel identities and routes.
IndiGrid will acquire NERES XVI Power Transmission Ltd, an inter-state project in northeastern India, from Techno Electric & Engineering Company post-commissioning for up to Rs 460 crore. The project includes a substation and a 45 km transmission line, with a targeted commissioning date of December 2026.