India’s nascent biofuel industry has the potential to develop into a flourishing Rs 1 lakh crore market in the coming years, Oil Minister Dharmendra Pradhan today said.
India’s growing renewable energy sector is likely to generate more than 330,000 new jobs over the next five years through 2022) creating opportunities to support mainly the country’s rural poor by offering an alternative to subsistence farming, according to US-based global research organisation World Resources Institute (WRI).
The road transport ministry and Niti Aayog are not on the same page on the proposed electric mobility (e-vehicle) policy.
Reliance Industries today said it has raised USD 800 million by selling 10-year bonds – the first offering since Moody’s raised India’s sovereign rating.
India’s coalimports from North America quadrupled to 2.1 million tonnes in October from a year ago, the highest since at least January 2015, Thomson Reuters data showed, and buyers are looking to boost purchases amid a domestic shortage of the fuel.
India became the third largest country for energy investment in 2016 only behind China and the United States of America, an International Energy Agency’s report pointed out.
Large-scale adoption of energy storageis expected to attract investment over $3 billion in the next three years, industry body India Energy Storage Alliance (IESA) said in a statement on Wednesday.
Hindustan Oil Exploration Co Ltd (HOEC) has submitted a USD 43-million development plan to bring to production the Mumbai offshore oil field it had won in the first discovered field auction in March.
Batting for adequate financial and technology resources to assist the developing world, BASIC countries, including India, on Tuesday emphasised the need for openness, transparency and the country-driven nature of negotiations at the ongoing UN Climate Change conference.
The government has awarded a 250 megawatt (MW) wind power project to Singapore-based Sembcorp’s renewable energy arm Sembcorp Green Infra under India’s second nationwide wind power tender.