India’s NTPC is exploring a significant investment. The state-owned power giant is in discussions to acquire a minority stake in US firm Clean Core Thorium Energy. This move aligns with NTPC’s ambitious plans to expand its nuclear power capacity. The company is looking at international collaborations for technology and fuel.
India’s power demand is set to increase by approximately 6 percent this financial year. This rise is driven by anticipated El Nino conditions, which will likely bring hotter weather and less rain. Steady economic growth and a low base from last year also contribute to this projected surge in electricity consumption.
The Supreme Court has dismissed a petition challenging forest land diversion for an Adani group coal mining project in Singrauli, Madhya Pradesh. The court also rejected a plea against the Madhya Pradesh government’s approval. An activist had sought to declare the area an eco-sensitive zone, citing its importance as an elephant corridor and a biodiverse…
The world’s largest container shipping company, MSC Mediterranean Shipping Company, is launching a new Europe–Middle East service that avoids the Strait of Hormuz by combining sea, road, and feeder ship routes.
India’s largest nuclear reactor, Kudankulam Unit 1, has been shut down for scheduled maintenance, potentially increasing power prices in southern regions. The 65-day outage has prompted concerns from Kerala State Electricity Board about worsening peak-hour electricity shortages and driving up short-term power procurement costs. While Unit 2 operates normally, the shutdown highlights challenges in meeting…
Indian oil companies face significant monthly losses on petrol, diesel, and LPG. This is due to selling fuels below international rates, which have risen sharply. While some fuel prices have increased, regular petrol and diesel prices remain unchanged. This situation is impacting the earnings of Indian Oil, HPCL, and BPCL, with their shares seeing a…
India’s economy receives a boost as oil prices drop below $60 a barrel. This eases the nation’s import bill and significantly increases profits for state-run fuel retailers. While pump prices remain steady, potential cuts are anticipated before upcoming assembly elections. Lower crude costs offer a welcome tailwind to the already robust economic growth.
In a strategic alliance, ONGC has teamed up with BP to enhance the extraction of oil and gas from its aging offshore fields in the west. This partnership is aimed at revitalising production levels, drawing from the encouraging outcomes observed in their earlier collaboration at Mumbai High.
Hitachi Energy has launched India’s first 400 kV class three-phase synthetic ester fluid-filled power transformer for Power Grid Corporation of India, marking a leap in sustainable power solutions. This transformer, manufactured in Vadodara, boasts a 315 MVA rating and enhances safety with its biodegradable ester fluid, reducing fire hazards and environmental risks.
Adani Power has significantly boosted its long-term installed capacity target to 41.87 GW by FY32, committing approximately Rs 2 lakh crore in capital expenditure. This aggressive expansion, with 23.72 GW already secured, aims to meet India’s projected surge in electricity demand.