ExxonMobil’s director of economics and energy, Prasanna V Joshi, stated that investments in oil and gas production are becoming more critical as alternative solutions are not emerging as rapidly as anticipated. Capital originally planned for transition projects is being reallocated to conventional oil and gas due to market and policy challenges for low-emission technologies.
India’s upcoming SHANTI Bill, or Atomic Energy Bill 2025, is set to revolutionize the nuclear landscape by integrating private investment into the once-closed sphere. This initiative will not only outline a structured approach for private ventures in mineral exploration and fuel fabrication but will also secure government oversight in core areas.
Power Finance Corporation’s subsidiary PFC Consulting Ltd has established a new company, Latur REZ Transmission Ltd. This special purpose vehicle will oversee the development of a crucial Latur transmission project. Maharashtra State Electricity Transmission Company Ltd has appointed PFCCL as the Bid Process Coordinator. The SPV will prepare the project for a competitive bidding process.
Amid concerns over the use of ethanol-blended petrol, Union Minister of Road Transport and Highways Nitin Gadkari said after extensive testing, no adverse impact has been found in cars where ethanol mixed petrol is used.