The government is contemplating a ‘Methanol Economy Fund’ to promote indigenously-produced methanol that could substitute 10 per cent of India’s crude oil imports by 2030, thereby reducing its fuel bill by around 30 per cent, Road Transport and Highways Minister Nitin Gadkari said on Thursday.
India will invite bids for the first time to set up offshore wind power projects in the country with the government planning to auction for 5 gigawatt (GW) of capacity, New and Renewable Energy Minister R.K Singh said on Thursday.
Coal Minister Piyush Goyal on Wednesday said Coal India’s production target of 600 million tonnes for the current fiscal would “not be a difficult” task and also hoped the miner would meet the one billion production target by 2019-20.
India is fully prepared to finance carbon-capture technology but the developed world’s approach in this area leaves much to be desired, New and Renewable Energy Minister Piyush Goyal has said.
The Centre has directed all central government buildings across India to switch over to LED based lightings and energy efficient cooling equipments to ensure savings in costs and energy consumption, an official said here on Friday.
The ambitious Mumbai-Ahmedabad bullet train project will soon be a reality, with Indian Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe presiding over the ground-breaking ceremony in Gandhinagar, likely to take place on September 17.
The development of renewable energy is setting new records, with solar power now becoming cheaper than energy from new coal or nuclear plants. China and other players in Asia are making serious inroads into the market.
According to reports, India plans to power all 12 of its major domestic ports with renewable energy, the first country in the world to so.
In bad news for the state government, Bengaluru has emerged as a city with one of the poorest infrastructures in the world, and the worst in country.
A Moody’s Investors Service-ICRA report on Thursday upgraded the outlook for the Indian power sector to “stable” over the next 12-18 months with a Baa3 positive rating