India’s competition watchdog, CCI, has greenlit Abu Dhabi National Oil Company’s (ADNOC) substantial $16.4 billion acquisition of Covestro, a leading polymer materials producer. ADNOC plans a complete takeover of Covestro’s
Continue readingADNOC gets CCI clearance to acquire Covestro for USD 16.4 billion
Adani Power Ltd. is seeking concessions from the Indian government for its $2 billion coal-fired plant in eastern India, which is facing a payment backlog from Bangladesh, its sole electricity
Continue readingAdani seeks fresh lifeline for troubled East India Power Plant
ONGC plans to auction 1.2 GW of greenfield renewable energy projects in two 600 MW rounds. The first auction, in two months, seeks developers for end-to-end project development. ONGC will
Continue readingONGC may hold auctions to pick green energy project developers
Under RDSS, there is a maximum grant of ₹900 per consumer meter, ₹3,450 per distribution transformer meter and ₹6,300 per feeder meter.
The project had started partial generation in September, 2018, and has so far generated 1,129 million units of power.
Tata Power has unveiled a ₹1.2 lakh crore investment plan for Rajasthan’s renewable energy sector. The initiative targets solar, wind, and hybrid projects, along with rooftop solar installations and EV
Continue readingTata Power to invest Rs 1.2 lakh crore in Rajasthan
Amidst the Adani-Azure solar deal controversy, the central government is reviewing its renewable energy bidding process. A shift from a central bidding process led by SECI to a state-led one
Continue readingAmid solar power row, centre plans to review bidding process
Following a deadly billboard collapse at a Mumbai petrol pump in May, India’s oil regulator has ordered a nationwide safety review of all fuel stations. Retailers must assess risks posed
The Andhra Pradesh Power Coordination Committee (APPCC) raised concerns about the high tariff of ₹2.49 per unit and potential delays in a 7000 MW solar power project.
OPEC+ delayed oil output increases, pushing back plans by three months to April and extending cuts until September 2026. Morgan Stanley and HSBC revised their forecasts, predicting a Brent price
Continue readingMorgan Stanley, HSBC cut oil supply forecast, predict $70 Brent after OPEC decision