As India’s energy appetite continues to escalate, it opens an exciting landscape for growth across nuclear, renewable, and thermal energy sectors. By the milestone year of 2047, green energy is expected to be at the forefront, showcasing pioneering initiatives such as floating solar arrays and agri-photovoltaic installations.
Indian oil refiners, the top buyers of Russian crude, are exploring alternative sources like Azerbaijan, Nigeria, and the UAE amid fresh EU sanctions on Moscow. While no major shift has occurred yet, purchases from less typical suppliers suggest early diversification. Sanctions on a Russian-linked Indian refiner and tightening global trade dynamics are prompting a reassessment…
India’s residential power consumption has surged by 10% annually, driven by urbanization, heatwaves, and population growth. Air conditioner sales have spiked, potentially adding 120 GW to peak demand by 2030. While coal dominates electricity generation, solar energy offers a chance to reduce reliance on it, especially during peak demand hours. Energy storage is crucial to…
Prime Minister Modi announced India’s commitment to energy independence through nuclear power reforms, opening the sector to private investment. With work underway on 10 new nuclear reactors, India aims to increase nuclear power generation capacity tenfold by 2047. The nation has already achieved its goal of sourcing 50% of its energy from clean sources ahead…
The Central Electricity Authority has proposed increasing fixed monthly electricity charges, which could raise household power bills even with lower usage. The move aims to help power distributors recover costs as rooftop solar adoption and captive power generation reduce electricity purchases from discoms. Separate tariff structures for solar users have also been suggested.
India can counter global energy shocks with a three-part plan. This involves supporting small businesses through credit guarantees. It also includes strengthening rural employment with programs like NREGA. Finally, the government should boost public infrastructure investment. This strategy aims to protect growth and incomes amidst rising energy prices and potential supply disruptions.
India is drawing on its Covid-era playbook to cushion the economic blow from the Iran war, with officials warning the disruption to energy supplies could rival the pandemic, threatening growth, widening the fiscal deficit, and pushing the rupee to record lows.
Global strategic oil reserves reached 2.5 billion barrels by year-end. China, the United States, and Japan hold the largest stockpiles. The US is releasing oil to lower prices. Other nations also maintain significant reserves. China notably increased its reserves in recent years.
The Supreme Court will review the Indian Energy Exchange’s challenge to a regulatory order. This order mandates market coupling for power trading. The court refused to halt the implementation of this process. The Indian Energy Exchange argues the order is arbitrary and will harm its market share. The Central Electricity Regulatory Commission is now required…
Financial support to developers will be provided at a maximum of 20% of the cost of plant and machinery through a competitive bidding process, where incentives will be disbursed in four equal instalments linked to project milestones. The incentive for a project will be capped at Rs 5,000 crore and for any single product, except…