Rosneft, a Russian oil producer, recently invested $20 billion in India, strengthening energy ties between the two nations. Putin expressed readiness to establish manufacturing in India, highlighting its profitability. India
Continue readingRussia's Rosneft invested $20 bn in India, govt quotes Putin as saying
CFM Asset Reconstruction Pvt Ltd has taken Vidarbha Industries Power Ltd (VIPL) to the National Company Law Tribunal (NCLT) for unpaid dues of nearly ₹3,800 crore. VIPL, a Reliance Power
ONGC NTPC Green Pvt Ltd (ONGPL) is acquiring a 100% stake in Ayana Renewable Power for $700-750 million. The deal values Ayana at $1.7-1.8 billion and includes 4.6 GW of
Continue readingONGC, NTPC Green JV set to buy Ayana Renewable for $750 million
India’s Prototype Fast Breeder Reactor (PFBR) is expected to be operational by the end of 2025. With the recent addition of Kakrapar units and Rajasthan Atomic Power Project achieving criticality,
Continue readingPrototype Fast Breeder Reactor to be operational by end of 2025: Govt
India plans to invest Rs 15 lakh crore in power generation by 2027. The nation targets 500 GW of non-fossil fuel energy by 2030. This will require significant storage capacity
Continue readingAbout Rs 15 lakh cr required for adding power generation capacity in 2022-27
The Rajya Sabha passes a bill amending the Oilfields Act of 1948, offering policy stability, international arbitration, and extended leases to oil and gas explorers. This aims to attract foreign
Continue readingRajya Sabha passes bill to amend oilfields Act
Peak power demand from December to February is expected to rise by 5.4-7.8% year-on-year, with projections of 230 GW in December, 237 GW in January, and 234 GW in February.
Continue readingPeak power demand may rise 5.4-7.8% between Dec & Feb
Delhi High Court has sought the Central government’s response on Tata Power’s challenge against reduced compensation order for Mandakini Coal Block deallocation. The court also directed maintenance of status quo
India is currently installing 29,200 MW of thermal capacity and planning an additional 51,520 MW. The goal is to reach a power generation capacity of 777.14 GW by 2029-30. Numerous
Continue readingAbout 29,200 MW thermal capacity under construction in India: MoS Shripad Naik
Bangladesh has reduced its power purchase from India’s Adani Power by half due to decreased winter demand, payment delays, and a foreign exchange shortage. Adani cut supply in response, and
Continue readingBangladesh asks Adani to reduce power supply citing low demand