An Indian diesel cargo is on its way to China. This marks the first such shipment since April 2021. The EM Zenith departed from Nayara’s Vadinar terminal. EU sanctions on Rosneft-backed refinery complicated payments for Nayara. The vessel initially headed to Malaysia but changed course. It is now destined for Zhoushan, China.
The Association of Power Producers (APP) attributes thermal power plants’ inability to meet biomass co-firing targets to limited availability and technical issues, not a lack of effort. The industry faces challenges with underdeveloped torrefied biomass pellet markets and supplier capacity. APP urges the government to consider waivers for genuine difficulties.
In the backdrop of impending elections, truck fleet operators across India are seeing storm clouds on the horizon with expected fuel rationing and a steep rise in diesel prices. The flare-up in the Middle East is sending shockwaves through global oil supplies, forcing state refiners to reconsider their strategies amid rising inflation.
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.
A fire broke out at the HPCL Rajasthan Refinery in Pachpadra. The blaze was likely caused by a hydrocarbon leak. Emergency teams quickly controlled the situation. No injuries were reported. The refinery’s Crude Distillation Unit was isolated. Prime Minister Narendra Modi’s visit to dedicate the refinery has been postponed. An investigation is underway.
Construction of Bhutan’s Punatsangchhu-I hydropower project has restarted after a seven-year halt. India is providing financial support for the 1,200-MW project. Dam work commenced following a ceremony attended by Indian and Bhutanese ministers. The project faced delays due to technical issues and slope stabilization needs.
PM Modi announced from the Red Fort on Independence Day that India is rapidly developing 10 new nuclear reactors and aims to increase its nuclear energy capacity tenfold by 2047. Highlighting energy self-reliance, he noted major reforms in the nuclear sector, a 30-fold rise in solar capacity over 11 years, expansion of hydropower through new…
The project will be implemented through a special purpose vehicle (SPV), owned 60% by DGPC and the remainder by Tata Power. Tata Power will be investing about ₹1,572 crore in tranches, as per the agreed structure.
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.
The Trump administration let a waiver for Russian oil sales expire. This happened even as the Iran war caused worries about global oil supplies and rising fuel costs. The move ended a short period of eased sanctions on some Russian oil. Countries like India and Indonesia had asked for extensions due to market tightness.