Adani Power secured a tender to establish and manage a 2,400 MW thermal power plant in Bihar, investing $3 billion. The company bid ₹6.075 per unit for power supply, with the project operating under a design, build, finance, own, and operate model. This initiative is expected to create substantial employment opportunities during construction and operation.
Andhra Pradesh is introducing a new policy to grant power distribution licenses to large data centers. This initiative aims to ensure a consistent and dependable electricity supply for these facilities. Companies meeting specific criteria can build and operate their own internal power distribution systems.
India is launching E85 fuel on Friday. This is an 80-85% ethanol-blended petrol. The move aims to boost flex fuel mobility across the nation. Minister Hardeep Singh Puri will attend the launch event in New Delhi. Automakers like Maruti Suzuki and Hero MotoCorp are already introducing flex fuel vehicle variants.
Lenders to Jaiprakash Power Ventures are planning to sell their ₹3,800 crore investment in the company, acquired during a debt restructuring in 2019. This sale of compulsorily convertible preference shares would give the buyer a 25% stake, potentially leading to a controlling 51% stake after an open offer. ICICI Bank is leading the creditor group…
India is boosting its energy storage. Around 12,500 MW of BESS projects are under tender. Another 3,300 MW are in the pipeline. The country aims for 8,500 MWh in two years. Current BESS capacity is around 205 MW. The government targets 3,000 MW of hydro pumped storage this year.
India’s imports of Russian crude oil fell sharply after tougher US sanctions on major Russian exporters took effect on November 21, with post-deadline flows dropping to around 1.27 million bpd. Although November imports averaged 1.8 million bpd—a five-month high due to pre-sanction stockpiling—arrivals in December are expected to fall to around 1.0 million bpd, with…
Power Grid Corporation of India’s board has approved a revised plan to merge 28 wholly owned subsidiaries into two group entities, expanding a previous proposal. This significant consolidation aims to streamline operations, reduce legal entities, and enhance efficiency within the company’s extensive transmission network. The move is subject to regulatory approvals.
India faces a tougher energy market as the US will not extend waivers for Russian oil imports. This decision impacts countries already struggling with the Hormuz crisis. Russia has assured India of continued energy supplies, including crude oil, LPG, and LNG. India’s oil imports from Russia have significantly increased, making it a key market for…
The Indian government is actively considering a policy to accelerate the affordable adoption of E85 fuel, a blend of 85% ethanol with petrol. This move follows the unveiling of India’s first flex-fuel motorcycles compatible with E85, signaling a significant step in the nation’s energy transition.