It wasn’t long ago non-fungible tokens (NFTs) were making headlines for their excessive environmental impact. Most of these NFTs were making use of the Ethereum blockchain or a related platform, which meant they were also impacted by the energy-hungry proof-of-work (PoW) mechanism that was part of Ethereum until September of last year. During this month,…
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.
India has successfully maintained full supply of Piped Natural Gas and Liquefied Petroleum Gas for homes. This was achieved by prioritising domestic needs during energy disruptions from the West Asia crisis. Commercial LPG supplies have also been restored significantly. The government implemented measures to manage demand and ensure availability for critical sectors and industries.
New Delhi-based IntelliSmart was set up as a joint venture between NIIF and Energy Efficiency Services Ltd. in 2019 to roll out a smart meter program to Indian power companies, according to an announcement at the time. The meters can be read remotely and are also used to identify network failures, as well as provide…
The Competition Commission of India has approved four business deals, including Adani Power’s acquisition of GVK Energy and Canada Pension Plan Investment Board’s stake in Ctrl S Datacenters. The regulator also cleared Thriveni Earthmovers’ purchase of a stake in Llyods Engineering Works and the merger of three entities into the company.
India’s central bank is taking action to support the rupee. State-run oil refiners are being asked to use a special credit line for dollar needs instead of buying on the spot market. This move aims to reduce pressure on the Indian currency. The Reserve Bank of India is employing measures similar to those used during…
Iran faces a critical shortage of oil storage. Unused capacity is dwindling, potentially leading to significant production cuts. A US-led blockade is severely impacting exports through the Strait of Hormuz. This situation is contributing to a global oil price rally. Neighboring countries are also cutting output. The full revenue impact for Iran may be delayed.
India is looking to deepen its energy partnership with Venezuela, with Indian companies expressing readiness to expand their presence. This move is part of India’s strategy to diversify energy sources amid disruptions to global oil supplies caused by the West Asia conflict. Venezuela’s vast oil reserves make it a key player in India’s efforts to…
Vanya Steels is investing Rs 100 crore in a 10 MW waste-to-energy power plant at its Koppal, Karnataka facility, expected to be operational by July 31, 2025. Utilizing Waste Heat Recovery Boiler technology, the project will convert industrial waste heat into clean electricity.
India’s AI future hinges on infrastructure and energy, with Visakhapatnam emerging as a key digital gateway. Jeet Adani highlighted India’s structural advantage in trust, execution, and abundant energy, crucial for powering AI’s massive electricity demands. The Adani Group’s $100 billion commitment to green energy and data centers will fuel this AI-led growth.