Ministry official says India to produce 260 GWs of renewable energy

Ministry official says India to produce 260 GWs of renewable energy

According to the Indian renewable ministry official, the country is expected to reach its 260 Gigawatts’ target of renewable energy-producing capacity by 2024. The target is expected to be met because of support pouring in from the government through its initiatives, investment endeavours and even privatised equity.

Reinforcing national grid by solar energy

Reinforcing national grid by solar energy

The Cabinet’s approval last week for setting up six solar and wind power plants capable of generating 257 megawatts (MW) of electricity highlights the recognition accorded to the importance of alternative sources of energy, especially that of solar, by the government.

India To Sell $2b Stake In State Held Oil Majors

India To Sell $2b Stake In State Held Oil Majors

The Indian government is eyeing proceeds of more than $2 billion from the sale of parts of its stakes in three of the biggest oil companies in the country: ONGC, Indian Oil Corp, and Oil India Ltd, the Economic Times reports, citing unnamed sources and noting that the stake sale is part of an ongoing divestment program.

Iran, India To Begin PTA Talks

Iran, India To Begin PTA Talks

India will soon begin talks with Iran on a trade accord just as the US has turned hostile toward the Persian Gulf nation, threatening it with renewed sanctions after walking out of a nuclear accord with the country.