India’s power consumption saw a slight increase of 2.6 percent in July, reaching 153.63 billion units. This growth was less than expected due to heavy rains reducing the need for cooling appliances. Peak power demand dipped slightly to 220.59 GW in July. The monsoon arrived early, impacting electricity use across the country.
India is a power-surplus nation but needs energy storage. Pumped storage projects will store excess green power. This will meet electricity needs when the sun is not shining. Floating solar projects can reduce reservoir evaporation. Many projects are under construction and in planning. The country has significant potential for these storage systems.
India’s oil import costs may rise if Russian oil purchases cease. A State Bank of India report suggests a potential increase of USD 9-12 billion. Russia currently supplies 10% of global crude. India has significantly increased Russian oil imports since 2022. This shift followed Western sanctions on Moscow. India’s diversified supply network may mitigate the…
The bidding frenzy for coal-bed methane blocks heats up as Reliance Industries and the Essar Group step into the ring. The Directorate General of Hydrocarbons has put 16 blocks up for grabs in two competitive rounds, attracting the attention of Oil India while ONGC chooses to withdraw.
Commercial LPG cylinder prices surged by Rs 993 on May 1, 2026, reaching Rs 3,071.50 in Delhi, driven by the US-Iran-Israel conflict and Strait of Hormuz disruptions. Domestic cylinder prices remain unchanged. The price of 14.2 kg LPG domestic cylinder in Delhi costs Rs 913.
Global infrastructure investors and domestic smart meter makers are showing strong interest in acquiring IntelliSmart Infrastructure. The company, owned by NIIF and EESL, is expected to be valued at $400 million. This sale aligns with India’s ambitious smart meter rollout under the Revamped Distribution Sector Scheme.
Truckers across India are facing long waits for diesel as private fuel stations have cut sales or raise prices. State-run companies are struggling with demand, leading to shortages. This situation has impacted the movement of goods nationwide. A modest price increase is expected soon, but it may not fully cover losses for fuel companies.
India is requesting weekly disclosures of Russian and U.S. oil purchases from refiners, aiming to secure a trade deal with Washington. This move comes as Russian oil imports are expected to fall below 1 million barrels per day, a decline from their June peak. The government seeks accurate data to present to the U.S. amidst…
India’s Ambassador to Russia, Vinay Kumar, has criticized the US decision to increase tariffs on Indian imports due to New Delhi’s purchase of Russian oil, deeming it unfair. India will continue to prioritize its energy security by securing the best deals on oil, while also focusing on expanding exports to Russia in sectors like electronics…
A major hydropower project, the Kamala HEP, has received a significant investment of over Rs 26,000 crore. This 1720 MW project in Arunachal Pradesh will generate clean energy and boost the region’s power supply. It will also contribute to flood moderation and socio-economic development. The project is a joint venture and is expected to be…