PM Modi to inaugurate key infrastructure projects of Central Coalfields Limited in Jharkhand

The project, with an investment of ₹894 crore is designed to handle 100 million tonnes per annum (MTPA) of coal from ongoing and upcoming mining projects, doubling the current capacity of around 45 MTPA.

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India cuts imported coal share, forex savings hit ₹82,264 crore

This reduction has led to forex savings amounting to ₹82,264 crore, reflecting the country's efforts in enhancing domestic coal production capabilities.

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Govt launches 2nd round of critical mineral blocks estimated at ₹30 trillion

Union minister for coal and mines, Pralhad Joshi, said, "With today's auction, India starts domestic potash mining for the first time, benefiting our farmers."

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PM Modi to dedicate NTPC's Karanpura project unit to nation on Friday

Located in Chatra district of Jharkhand, the total envisaged capacity of the NKSTPP is 1,980 MW (consisting of 3 units of 660 MW each).

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Green Hydrogen: A $0.5 trillion opportunity by 2050, India among key players

With the industrial age witnessing a 1.2 degrees Celsius increase in global temperatures and an alarming rise in extreme climate events, the urgent need to curb the annual greenhouse gas emissions, currently at approximately 53 billion tonnes of CO2 equivalent, is more evident than ever.

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PM Modi to visit Bihar on March 2, to launch projects worth Rs 1.64 lakh-crore from Begusarai

Official sources said the 39 of these projects, which will be either inaugurated or kick-started with the foundation laying ceremony, are in the oil and gas sector, and 10 in the railways. Six new trains will also be flagged off.

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Hyundai Motor India targets 100% use of renewable energy, RE100, by 2025

RE100 is the global corporate renewable energy initiative by the Climate Group, bringing together hundreds of large and ambitious businesses committed to 100% renewable electricity.

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Uttarakhand govt presents FY25 budget of more than Rs 89,000 crore in state assembly

"We are breaking the vicious circle of policy paralysis and working on a bigger scale and at a higher speed," the minister said in his budget speech.

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Coal ministry encouraging extensive diversification within CPSEs

"In line with India's commitment to diversifying its energy mix, the Ministry of Coal is actively promoting extensive diversification within CPSEs, establishing pit-head TPPs, solar power plants, coal/lignite gasification plants, and critical mineral exploration," the coal ministry said in a statement.

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Oil India to host first global partner roadshow in Abu Dhabi

Aiming to achieve ambitious production goals of 4 million metric tonnes (MMT) of oil and 5 billion cubic meters (BCM) of gas by the financial year 2026, OIL is looking to generate 12 billion USD in revenue by 2030.

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Adani Green hydrogen unit aims to get up to USD 3 bn in loans

The company is discussing the planned transaction with a group of foreign lenders and is likely to raise the money via offshore loans in two or three tranches over the next 12 months, with the process starting in June, the people said, asking not to be identified because the details are private.

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Thailand's Deputy PM visits Avaada solar project in Bikaner

Nukara was accompanied by Thailand's Ambassador to India Pattarat Hongtong and Pailin Chuchottaworn, Chairman of the Board at the Global Power Synergy (GPSC), along with other dignitaries from the Thailand energy sector, it said.

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IOC, GAIL, ONGC fined for third straight quarter for failure to appoint directors

The companies had faced fines for the same reason in the previous two quarters as well.

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NRL to Integrate Green Hydrogen Production, Eyes Net Zero by 2030

NRL, which currently processes 3 million tonnes of crude oil, highlighted the project's significance against the backdrop of the refinery's expansion

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India to boost renewable plus hydro electricity share to 40% by 2030: ICRA

ICRA forecasts a substantial rise in the contribution of RE, including large hydro, to India's total electricity generation, from about 23% in FY2024 to 40% by FY2030.

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India charts path for green hydrogen, focuses on enhancing electrolyzer efficiency

The meeting, attended by key government, academic, and industry stakeholders, aimed to consolidate efforts towards the National Green Hydrogen Mission's research and development objectives.

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India's solar capacity additions dropped 44 per cent YoY in 2023: Report

Large-scale solar installations fell 51 per cent Y-o-Y due to project extensions

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India's solar capacity additions dropped 44 per cent YoY in 2023: Report

Large-scale solar installations fell 51 per cent Y-o-Y due to project extensions

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New CERC mandates to power exchanges: 'No more manual bids, strict trading hours'

Power exchanges have been given a stringent timeline of one month to align their operations with these new guidelines, highlighting the urgency and significance of this reform.

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India exported USD 6.65 bn oil products derived from Russian oil to sanctioning nations: Report

A European think-tank revealed that over one-third of India's oil product exports to the G7-led coalition countries came from Russian crude.

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COP28 President urges action on climate targets, stresses importance of UAE consensus

COP28 President Sultan Al Jaber, speaking at his first major event since the summit, emphasized the significance of the UAE Consensus, which calls for an accelerated transition from fossil fuels and a significant increase in renewable energy and efficiency by 2030.

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FICCI leads CEO delegation to Saudi Arabia for economic talks, eyes opportunities in NEOM's $1 trillion city project

During their four-day visit from February 18 to 21, 2024, the delegation is slated to engage in discussions with top Saudi government officials and business leaders in Riyadh and Neom.

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Power ministry directs states for swift adoption of renewable energy rules

According to the official government notice dated February 12, entities with a contracted demand or sanctioned load of 100 kW or above are now eligible for Green Energy Open Access, which facilitates the consumption of renewable energy.

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India on track to become $35 trillion, fully developed economy by 2047: Goyal

Goyal hailed Prime Minister Narendra Modi’s relentless pursuit of twin tracks - strengthening the macroeconomic fundamentals of India to prepare the country for the future and focus on the welfare of the poor pertaining to food, healthcare and education.

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Clean energy investments to surge to $800 billion in 2024: Report

According to the report, the spike in investments, amounting to nearly $800 billion, underscores the accelerating shift towards renewable energy, with solar energy at the forefront of this transition.

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JNCASR team identifies mineral with potential for energy-efficient data storage

The study reveals MnBi2S4's ability to exhibit ferroelectricity due to specific magnetic structures, a finding that is rare and valuable for applications such as spintronics and electronic memory devices.

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PM Modi to launch over 14,000 projects worth ₹10 lakh crore in Uttar Pradesh

This ambitious initiative, part of the fourth ground breaking ceremony of the UP Global Investors Summit 2023 (UPGIS 2023) outcomes, underscores India's commitment to boosting its renewable energy capacity and diversifying its energy sources.

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Ayana Renewables plans 4-GW solar, wind capacity addition by March 2025

Nimbargi added that this is in terms of operating capacity, which includes both solar and wind energy

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India-bound oil tanker hit by missile in Red Sea attack

The missile launched from Yemen hit the M/T Pollux on its port side, according to the State Department.

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EAM Jaishankar holds bilateral meetings with US' Blinken and UK's Cameron among others

The Indian minister is to participate in a panel discussion on 'Growing the Pie: Seizing Shared Opportunities,' which is also to be addressed by German foreign minister Annalena Baerbock, and US Secretary of State Blinken on Saturday.

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RECPDCL transfers key SPV to G R Infraprojects for Madhya Pradesh RE project

The SPV, named Pachora Power Transmission Limited, is instrumental in the "Evacuation of Power from RE Projects in Rajgarh (1000 MW) SEZ in Madhya Pradesh-Phase II", a significant stride facilitated through the Tariff-based Competitive Bidding process.

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Govt raises windfall tax on petroleum crude to ₹3,300 per tonne

The revised rates shall come into force on the 16th day of February, 2024, according to a notification by the department of revenue under the finance ministry.

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India's renewable energy sector to see surge in battery storage capacity to 4 GW by FY2028

This expansion is expected to enhance the returns profile of standalone storage projects by 300-400 basis points to 12-13%, aided by a 20% year-on-year decline in battery prices and government grants.

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India to bolster renewable energy with solar thermal, CSP focus: MNRE Secretary

It focuses on the integration of solar thermal and CSP storage with renewable technologies, aiming to map out the global landscape of solar thermal technologies, their integration with renewable energy power generation sources, and storage applications, particularly in the Indian context.

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PM Surya Ghar: Residential households eligible for up to ₹78,000 installation subsidy

Under the new subsidy framework, residential households installing solar panels can avail of a subsidy of ₹30,000 per kW for the first 2 kW, with an additional ₹18,000 per kW for any added capacity up to 3 kW. The total subsidy for systems larger than 3 kW is capped at ₹78,000, ensuring substantial financial support for larger installations.

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PM Surya Ghar: Residential households eligible for up to ₹78,000 installation subsidy

Under the new subsidy framework, residential households installing solar panels can avail of a subsidy of ₹30,000 per kW for the first 2 kW, with an additional ₹18,000 per kW for any added capacity up to 3 kW. The total subsidy for systems larger than 3 kW is capped at ₹78,000, ensuring substantial financial support for larger installations.

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$2 trillion annual investment required to triple renewables by 2030: Report

The investment entails $8 trillion for developing new renewable energy sources and another $4 trillion for enhancing grid and storage infrastructure.

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Nextracker triumphs over Red Sea disruptions, sets sights on expansion in India's solar market: Nextracker CEO

Despite the logistical hurdles posed by militant attacks on commercial vessels and drought-induced traffic restrictions through the Panama Canal, the company has demonstrated resilience.

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Power ministry directs states, UTs to align with resource adequacy guidelines amid rising demand

This move comes as India's economy is projected to become the third-largest globally by 2030, accompanied by a significant increase in power consumption.

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Energy sector veterans Manoj Kohli and Mahesh Makhija join Sunsure Energy board

Sunshure, which is among the largest C&I-focused independent renewable energy power producers in the country, said in a statement the two appointments represent a "strategic enhancement".

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ACME Group, IGX sign MoU to boost green hydrogen, ammonia market in India

The collaboration aims at developing the market for green molecules, with an emphasis on creating a physical traded market across the country.

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IEW 2024 wraps up with 30% more exhibitors; future editions to light up New Delhi and Goa

The minister informed that the next edition of IEW will take place at Yashobhoomi, the India International Convention and Expo Centre in New Delhi, from February 11-14, 2025.

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India Energy Week focuses on carbon capture solutions for greener future

Organized under the auspices of the ministry of petroleum and natural gas, in partnership with ONGC, the conference aims to deliberate on the urgent need for sustainable solutions in the energy sector and the significant role of carbon capture technologies in decarbonizing the economy.

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India Energy Week to explore hydrogen economy and carbon strategies on Day 3

The event, held in Goa from February 6-9, is India's largest energy exhibition and conference, aimed at serving as a catalyst for the country's energy transition goals.

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Govt crafts policy to boost green hydrogen for round-the-clock renewable energy

The union minister for power and new & renewable energy R.K. Singh, presided over a crucial meeting in the capital city, focusing on integrating green hydrogen with renewable energy sources like solar and wind energy.

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India Energy Week: PM Modi calls for global investment in India's energy sector

Highlighting India's position as the third-largest energy consumer globally, PM Modi pointed out its status also as the third-largest oil consumer and the fourth-largest LNG importer and refiner. He drew attention to the surging sales of two and four-wheelers in India and the increasing demand for electric vehicles (EVs), projecting that India's energy demand is expected to double by 2045.

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Around 156 GW new power generation capacity underworks: Power Minister RK Singh

Talking about the government's effort to ensure an uninterrupted power supply for the nation's growth, the minister in a written reply to the Rajya Sabha said the anticipated power generation capacity addition is 469 GW between 2023 to 2032.

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IEW 2024: Goa gears up for mega energy event with 35,000 attendees, featuring 350 exhibitors across 100 nations

The event is expected to attract over 35,000 attendees, including more than 350 exhibitors and 400 speakers from over 100 countries, underlining its status as a premier global platform for collaboration on energy policies aimed at a cleaner future.

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Govt making constant efforts to keep CNG prices under control: Oil minister Puri

Responding to supplementaries during the Question Hour, he said the government is encouraging consumption of compressed natural gas as it is relatively a cleaner fuel.

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ONGC, IOC, other oil PSUs to invest INR 1.2 lakh crore in FY25

The investment proposed in 2024-25 is 5 % higher than INR 1.12 lakh crore spent by the state-owned oil firms in the current fiscal year that ends on March 31, according to Budget 2024-25 documents.

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Adani's USD 1.2 bn copper plant to boost India's metal production

The USD 1.2-billion facility will start operations of the first phase by March-end and full-scale 1 million tonnes capacity by FY29 (March 2029), Kutch Copper Ltd Managing Director Vinay Prakash said.

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Budget 2024: Solar power allocation rises by 110 per cent

Given that the solar modules for these projects are to be sourced from domestic solar module manufacturers, this would boost their order book position

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Budget 2024: Solar power allocation rises by 110 per cent

Given that the solar modules for these projects are to be sourced from domestic solar module manufacturers, this would boost their order book position

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OPINION: Interim Budget 2024: The ESG impasse

Two years ago, ESG was considered a revolution, yet today, in India, it is a dying movement. The Budget remained focused on evolving a sustainable business era, however, the proposition of ESG integration remained rather subdued.

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Govt to increase rooftop solar subsidy to 60% under Pradhan Mantri Suryoday Yojana

The Suryoday scheme will focus on those consumers whose consumption is less than 300 units, which generally includes the economically weaker section of our society.

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Govt invites bids for 4GW offshore wind energy projects in Tamil Nadu

Managed by the Solar Energy Corporation of India (SECI), under the ministry of new and renewable energy, this initiative aims to allocate four blocks, each with a 1 GW capacity, on an open access basis.

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Govt to increase rooftop solar subsidy to 60% under Pradhan Mantri Suryoday Yojana

The Suryoday scheme will focus on those consumers whose consumption is less than 300 units, which generally includes the economically weaker section of our society.

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Budget 2024: Green hydrogen’s allocation rises by whopping 102 per cent

“The allocation for the Green Hydrogen Mission has been increased… this should provide impetus to the development of the green hydrogen ecosystem in the country,” said Prashant Vasisht, Senior Vice President and Co-Head, Corporate Ratings, ICRA.

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Mahanagar Gas seals first-ever acquisition, takes over UEPL

The acquisition, valued at Rs 562 crore, was finalized on February 1, 2024, following the approval from the Petroleum and Natural Gas Regulatory Board on December 13, 2023.

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Offshore wind: SECI issues tender for allocation of sea-bed lease rights

The selected offshore wind power developer will have to develop the transmission system to deliver the power at the offshore substation, grid connectivity, and long-term access to the grid.

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