India’s peak power demand surged to nearly 239 GW on April 18, the highest this summer, driven by rising temperatures and increased cooling loads from air conditioners and agriculture. This figure surpasses last year’s peak, and with heatwave conditions predicted, further electricity consumption increases are expected, with the power ministry projecting a peak demand of…
Three years into Russia’s full-scale invasion of Ukraine, the US and EU continue to import billions of euros worth of Russian energy and commodities.
Nayara Energy, an Indian refiner backed by Russia, has initiated legal action against Microsoft after the U.S. software company abruptly suspended critical services. The refiner has filed a petition in Delhi High Court seeking an immediate resumption of services, alleging restricted access to its data, tools, and products despite holding fully paid licenses.
State-run fuel stations are seeing increased demand. This is happening because private companies have raised prices significantly. Bulk consumers are also buying fuel at retail outlets. This shift is causing shortages at some stations. The government is working to ensure adequate supplies. Crude oil and fuel supplies remain sufficient in the country.
Power Finance Corporation has appointed RBSA Advisors and SBI Capital Markets for its planned merger with REC. This move follows the government’s budget announcement to consolidate public sector NBFCs for better scale and efficiency. The boards of both companies have approved the merger plan. The new entity will remain a government company.
Sterlite Electric has appointed Frederic Andre M Trefois as its new Group Chief Executive Officer. This move aims to boost the company’s growth as global demand for modern power transmission infrastructure increases. Trefois brings extensive global experience and sector insight. He will focus on developing intelligent and resilient grid solutions.
The West Asia conflict highlights India’s energy vulnerabilities, presenting a prime chance for crucial sector reforms, according to Axis Bank Chief Economist Neelkanth Mishra. He stressed the need for correct energy pricing to fuel growth, noting industry faces the world’s most expensive electricity. Mishra urged reforms to boost efficiency and prevent rupee depreciation, citing Japan’s…
NTPC Ltd has awarded Accenture Solutions a contract to conduct feasibility studies for installing small modular reactors at old thermal power stations. This initiative aligns with India’s goal to achieve 100 GW of nuclear energy capacity and repurpose existing infrastructure. The conversion leverages available land, water, and transmission lines, while exclusion zones are a key…
Gurdeep Singh will continue as Chairman and Managing Director of NTPC. His tenure gets a one-year extension. The extension is effective from August 1, 2025, till July 31, 2026. The Appointments Committee of the Cabinet approved the proposal. Earlier, PESB found no suitable candidates for the CMD post. NTPC is India’s largest power producer under…
India’s scorching summers strain power grids, forcing costly upgrades. While cities like Nagpur manage peak demand with advanced cooling, many low-income families face unaffordable electricity bills. This forces them to endure sweltering homes, impacting health and productivity. Despite state plans for cheaper renewable energy, immediate relief for the most vulnerable remains elusive, highlighting a critical…