Energy Sector

The newly formed entity, CleanMax Osaka Gas Renewable Energy (CORE), will focus on wind-solar hybrid solutions, starting with a 400-megawatt (MW) portfolio in Karnataka

The investments have been offered under different schemes of the Chhattisgarh government, aiming to boost the state's energy infrastructure

US push to sell more energy to India coincides with stable global crude, LNG prices

Delay in transmission connectivity, expiry of ISTS waiver looming fears for the industry

India's power consumption grew marginally to 131.54 billion units (BU) in February, higher than 127.34 BU in the year-ago period, according to the government data. However, the two figures are not comparable, as 2024 was a leap year. According to official data, power consumption was 127.34 BU in February 2024. The highest supply in a day (peak power demand met) also rose to 238.14 GW from 222 GW in February 2024. The peak power demand touched an all-time high of about 250 GW in May 2024. The previous all-time high peak power demand of 243.27 GW was recorded in September 2023. Last year, the power ministry projected a peak power demand of 235 GW during the day and 225 GW during evening hours for May 2024, while 240 GW during daytime and 235 GW in the evening hours for June 2024. The ministry had also estimated that peak power demand may hit 260 GW in the summer of 2024. According to government estimates, peak power demand is expected to touch 270 GW in the summer of 2025. Expert

The extension of the mandate is due to high demand for electricity in the country, the order stated

Ultra large projects and rising domestic production to replace traditional power in near future

Company says it's focused on constructing power substations and expanding mechanical, electrical and plumbing business

Home-grown consumer electronics brand Micromax Informatics on Wednesday announced its foray into renewable energy segment with the launch of Startup Energy. This new venture aims to revolutionize solar panel manufacturing in India, driving the widespread adoption of sustainable energy and supporting the country's ambitious clean energy mission, a company statement said. As the world accelerates its transition to clean energy, Startup Energy is poised to play a pivotal role in India's renewable energy revolution, it added. The company will focus on producing high-efficiency solar panels for residential, commercial, and industrial applications, ensuring affordable and scalable solar power solutions across the country. "Our goal is to make clean energy more accessible, reliable, and cost-effective, ensuring that individuals and businesses alike can benefit from sustainable power solutions," Rajesh Agarwal, Managing Director, Micromax Informatics said. As part of this expansion, Micro

The country has set a target to achieve at least 500 GW of non-fossil power capacity by 2030

The war provided Prime Minister Narendra Modi's government with an opportunity to reinforce India's strategic autonomy by resisting Washington's pressure to sanction Russia

Owing to the global energy crisis of 2022 and the consequent price increase, the share of natural gas imports in gross energy imports fell from 7.51 per cent in 2020-21 to 5.43 per cent in 2022-23

Energy management and automation major Schneider Electric on Saturday announced plans to open three more manufacturing plants in India. Speaking at the inaugural session of Elecrama 2025, Schneider Electric CEO Olivier Blum said that the company plans to make regular investments in India. The company currently has 31 manufacturing plants in the country. The three new plants will come up at Kolkata, Hyderabad and Ahmednagar, he said at the event organised by industry body IEEMA in Greater Noida. "India's focus on digitalization, sustainability, energy transition, and infrastructure modernization presents unparalleled opportunities for growth," Blum said. "We are leveraging AI and digitization to accelerate growth in the Indian energy sector. We believe that advanced technologies like digital grids, IoT-enabled distributed energy resources, microgrids, smart buildings, and smart cities will reduce emissions by 75% over the next 25 years," he added. Schneider has already announced ..

This would be the first time since 2021 that the federal government has injected money to state power utilities, which cost the government $35 billion then

Tata Power on Thursday announced its partnership with Amazon Web Services to drive smart and consumer-centric energy transition in India through modernization of its digital infrastructure and energy management. Tata Power has embarked on a data-driven transformation with Amazon Web Services (AWS) to accelerate the country's transition to a greener, smarter, and more consumer-centric energy ecosystem, the company said in a statement. The evolution of energy systems demands real-time analytics, automation, and decentralized power generation to optimize supply and demand. Digitalization enables grid stability, predictive maintenance, and seamless energy transactions, ensuring sustainability and operational efficiency, it said. Tata Power's partnership with AWS exemplifies this digital-first approach, harnessing cloud computing, artificial intelligence (AI), and IoT to build a smarter, more efficient power ecosystem. Tata Power has already laid a robust digital foundation by migrating

President Donald Trump on Friday signed an executive order formally creating a National Energy Dominance Council and directed it to move quickly to drive up already record-setting domestic oil and gas production. Trump's administration also announced it has granted conditional export authorisation for a huge liquefied natural gas project in Louisiana, the first approval of new LNG exports since former President Joe Biden paused consideration of them a year ago. And Trump said he has directed Interior Secretary Doug Burgum to undo Biden's ban on future offshore oil drilling on the East and West coasts. Biden's last-minute action last month viciously took out more than 625 million acres offshore that could contribute to the nation's net worth, Trump said. Trump also vowed to revive a cancelled pipeline that would carry natural gas from Pennsylvania to New York, saying it could slash energy prices in the Northeast by as much as 70 per cent. Taken together, the actions underscored Trum

Ashu Shinghal, managing director of MGL, said that when the sector opens under the Act, they will get at least a 12 per cent return on their investment

The energy segment delivered good performance with revenue at ₹1,440 crore (+29 per cent Y-o-Y)

"This development marks a major milestone in the ongoing efforts to diversify India's crude oil sources and strengthen energy cooperation with Brazil," BPCL said in a statement

The EPC major has received Rs. 190 crore of orders from UAE's ADNOC in FY25