India has proposed incentives worth 885 billion rupees ($12.4 billion) to help power plants install equipment to curb emissions, and also to develop infrastructure for electric vehicles, a government statement said on Friday.
India will by mid-2020s surpass China as the world’s largest energy growth market, accounting for over a quarter of incremental global demand, UK supermajor BP said in its annual energy outlook.
India’s oil imports from Iran fell by 45 percent in January to 270,500 barrels per day oil (bpd), ship tracking data reviewed by Reuters showed, below the estimated 300,000 bpd for the month as some cargoes were delayed.
There is a one-stop solution to getting a new electricity connection now. A first-of-its-kind service centre, the Vidyut Upbhokta Seva Kendra, was inaugurated on Thursday at Burlington crossing.
ONGC has sold a second Russian Sokol crude cargo loading in April at a lower premium than the previous deal, trade sources said on Friday. The cargo loading on April 17-23 was sold to Shell at a premium just above $3.40 a barrel to Dubai quotes
The two countries accounting for the fastest growth in energy demand – India and China – both start with relatively coal-intensive fuel mixes. The share of coal within India declines only modestly, driven by increasing coal consumption within the Indian power sector
The government has raised Rs 10,000 crore by additional offering of Bharat-22 Exchange Traded Fund (ETF) on Thursday. The additional ‘on-tap’ offering of Bharat-22 ETF was opened for a single day with a base issue size of Rs 3,500 crore and an option to retain over-subscription.
Union Petroleum Minister Dharmendra Pradhan on Wednesday inaugurated ‘energy from waste’ biodiesel plant in Navi Mumbai. Muenzer Bioindustrie GmbH, a company in Central Europe, has set up the biodiesel plant.
Electric vehicles are the future and with the help of innovative approaches, India’s transport sector can become all electric-driven by the year 2030, an EV expert and professor of IIT Madras has said.
A team led by an Indian-origin scientist has developed a flexible supercapacitor which can generate power from the Sun and store excess energy for later use. The technology developed by researchers from the University of Glasgow in the UK