Energy Surge: Indian data centres boost IT capacity by 71 MW in 1st half of 2024

This addition has increased the total stock to 942 MW, marking a 21% growth from 778 MW recorded in the same period last year. The market transactions also reflected robust activity, with about 200 MW in IT capacity reported.

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Vedanta receives clearances from BSE, NSE for proposed demerger

"... BSE and NSE, vide their letters dated July 31, 2024 and July 30, 2024 respectively, have conveyed that they have 'no objections/no adverse observations', on the proposed scheme," Vedanta said in a regulatory filing.

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Adani Energy Solutions raises USD 1 bn in share sale, first since Hindenburg

The QIP, which opened on Tuesday, was oversubscribed three times with demand of about Rs 26,000 crore - making it the largest transaction in India's energy space.

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India's power demand set to surge by 80 GW by 2027; experts recommend 50 GW solar expansion

According to the India Energy and Climate Center (IECC) at the University, peak electricity demand, which reached 250 GW in May 2024—an increase of 46 GW in just two years—could see an additional rise of 50-80 GW by 2027.

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Power surge: Renewable capacity hits 195,013 MW, transmission network grows by 195,181 Ckm

In parallel, the total installed power capacity has surged from 248,554 MW to 446,190 MW in the same period. The coal power sector also marked a substantial rise in capacity from 139,663 MW to 210,969 MW.

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India's refining capacity to hit 309.5 MMTPA by 2028; GVA of petroleum products at ₹2.12 lakh crore

The ministry of statistics and programme implementation (MoSPI) reported that the Gross Value Addition (GVA) of manufacturing coke and refined petroleum products rose from ₹1.56 lakh crore in 2012-13 to ₹2.12 lakh crore in 2022-23.

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Will go on 28-day fast from Aug 15 if govt doesn't initiate talks on our demands: Sonam Wangchuk

In an interview with PTI, Wangchuk said the Apex Body, Leh (ABL) and the Kargil Democratic Alliance (KDA) from Ladakh submitted a memorandum of demands to Prime Minister Narendra Modi during his visit to Dras on the occasion of the 25th anniversary of the Kargil Vijay Diwas last week.

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Budget 2024 missed opportunity green hydrogen, say experts

Experts said that Budget speech could have provided valuable clarity by outlining specific initiatives that would benefit from allocation announced in Interim Budget

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EMPS 2024 targets over 560,000 EVs with enhanced ₹778 crore outlay

The enhanced outlay of ₹778 crore includes ₹769.65 crore for subsidies and demand incentives for electric two-wheelers and three-wheelers, and ₹8.35 crore for the administration of the scheme, including Information, Education & Communication (IEC) activities and fees for the Project Management Agency.

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Renewable energy push: 151 GW projects underway, 76.42 GW to be operational in 3-4 years, says Joshi

Speaking at the Mercom India Renewables Summit 2024, Joshi emphasized the government's focus on boosting renewable energy, reflected in various initiatives and Budget 2024 announcements.

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Adani Energy Solutions posts Rs 1,190 cr loss in Q1

The total income rose to Rs 5,489.97 crore in the quarter under review from Rs 3,772.25 crore in the year-ago period. Expenses surged to Rs 4,443 crore from Rs 3,124.69 crore a year ago.

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UN Chief calls for global action as extreme heat threatens billions

The UN Secretary-General's Call to Action on Extreme Heat is supported by ten specialized UN entities, including the FAO, ILO, UNEP, UNICEF, WHO, and WMO, underscoring the multi-sectoral impacts of extreme heat.

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India's natural gas consumption jumps 7.1% in June 2024: PPAC

"The increase in natural gas consumption underlines its growing importance as a versatile energy source across various sectors of the economy," a PPAC official said. This upward trend reflects the expanding application of natural gas from electricity generation and heating to its use as a critical feedstock in industries such as fertilizers and plastics.

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India's crude oil production drops 2.7 per cent in June, even as refining rises 3.1 per cent

The report details that Oil India Limited (OIL) contributed 0.3 MMT, Oil and Natural Gas Corporation (ONGC) recorded 1.6 MMT, and fields under Production Sharing Contracts (PSC) or Revenue Sharing Contracts (RSC) produced 0.5 MMT.

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China agrees to bolster cooperation with Maldives in infrastructure and renewable energy projects

Zameer said that he was "delighted" to have witnessed the signing of the Letter of Exchange on the feasibility study for the redevelopment of Male and Villimale Roads Project, a key pledge of President Mohamed Muizzu's government.

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India's fuel consumption grows 2.6% in June, driven by surge in ATF and Petrol use

The report highlighted notable trends in various fuel types, including a 4.6% rise in motor spirit (MS) or petrol consumption, which stood at 3.30 MMT for the month, compared to 3.15 MMT the previous year.

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'Boost for green energy': Govt enhances financial aid for biomass pellet manufacturing

The enhanced financial incentives, effective from July 16, 2024, aim to boost the utilization of the country's substantial biomass resources, which amount to an annual production of 750 million metric tonne (MMT), with 228 MMT available as surplus.

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Making Battery Energy Storage an integral part of ‘Net-Zero’

In the Indian context, the country’s commitment to ‘net-zero’ is evident through its ambitious targets of achieving 500 GW of clean energy installation capacity by 2030.

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NLC India to raise funds via IPO of arm for clean energy expansion: CMD

The company also plans to arrange soft loans from foreign companies and banks for this purpose, the CMD explained.

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USIBC recommends PLI for media, entertainment industry in upcoming Budget

USIBC also urged the Indian government to promote the sustainable growth of the energy sector by upholding free-market principles, which will attract investments and enhance energy security.

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India has ramped up its wind and solar energy. It now needs to expand places to store it

The country's lithium ion battery storage industry - which can store electricity generated by wind turbines or solar panels for when the sun isn't shining or the wind isn't blowing - makes up just 0.1% of global battery storage systems.

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India makes major progress on residential solar rooftop scheme PM Surya Ghar

The scheme seeks to install solar rooftops on 1 crore households

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Power minister Manohar Lal reviews Himachal’s urban and power sector developments

The meeting underscores a collaborative approach towards fortifying Himachal Pradesh's power sector and aligning it with the national vision for sustainable and efficient energy use.

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India's renewable energy capacity surges to 195 GW, focus on green hydrogen

The minister pointed out that under the SIGHT (Strategic Interventions for Green Hydrogen Transition) programme, tenders for 4.12 lakh tonne per annum have been awarded to 10 companies.

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As India surpasses China in steel development, environmental concerns loom large

The GEM report, which tracks the advancements in the steel industry, highlights a striking contrast in the global shift towards greener production methods and India's ongoing projects.

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Solar-power projects in Puerto Rico get $861-million US loan guarantee

The projects comprise 200 megawatts of photovoltaic solar panels and up to 285 MW of stand-alone battery energy storage capacity. The solar arrays will power about 43,000 homes, it said.

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DVC to be corporatised, divided into 3 entities keeping ownership intact

The Damodar Valley Corporation (DVC), India's first multipurpose river valley project, will be corporatised, unbundling into at least three entities for transmission, generation, and distribution to improve efficiency.

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IREDA to invest ₹290 crore in Nepal’s 900 MW hydroelectric project

This investment marks a strategic initiative in collaboration with SJVN Limited to establish the 900 MW Upper Karnali Hydro-Electric Power Project, contingent on approvals from the Government of India and other regulatory bodies.

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Global energy leaders target sustainable solutions at BRICS energy partnership forum

Ram Nath Thakur, Minister of State for Agriculture and Farmers Welfare, Government of India, emphasized India's commitment to tripling its renewable energy capacity by 2030.

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Tata Power boosts capex to Rs 20,000 crore, focuses on renewable energy and grid enhancement

In his address, Chandrasekaran detailed the company's strategy to accelerate its renewable energy portfolio and strengthen transmission and distribution infrastructure.

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Tata Power boosts capex to Rs 20,000 crore, focuses on renewable energy and grid enhancement

In his address, Chandrasekaran detailed the company's strategy to accelerate its renewable energy portfolio and strengthen transmission and distribution infrastructure.

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Necessary steps needed to develop Ayodhya, other municipal bodies as solar cities: UP CM

Adityanath informed that there is considerable enthusiasm for the PM Surya Ghar Muft Bijlee Yojana, with over 18 lakh people having registered for the programme.

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Sumant Sinha appointed co-chair of global CEO climate alliance, pledges major carbon cuts

Sinha joins an esteemed circle of global business leaders in this role, collaborating with notable figures such as Ester Baiget, CEO of Novonesis, and Jesper Brodin, CEO of Ingka Group Ikea.

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IndianOil launches high-speed car racing fuel STORM-X

There are only three suppliers of reference fuels globally, including US giant Chevron. IOC's Paradip refinery in Odisha is producing 'reference' grade petrol, and its Panipat unit in Haryana produces similar quality diesel.

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Kerala receives investment proposals worth over Rs 72,000 cr to set up green hydrogen, ammonia plants

The subsidy on capex to these four companies will be about Rs 275 crore for each project

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World's first hydrogen-powered commercial ferry to run on San Francisco Bay, and it's free to ride

Sea Change can travel about 300 nautical miles and operate for 16 hours before it needs to refuel. The fuel cells produce electricity by combining oxygen and hydrogen in an electrochemical reaction that emits water as a byproduct.

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Hydrogen energy firm Huture to go public in $1 bln SPAC deal

The SPAC market has soured over the last two years due to poor financial performance and a regulatory crackdown by the US securities regulator.

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Hindustan Zinc embarks on renewable energy drive, ties up with Serentica for 450 MW

The company has started integrating renewable energy into its operations across Rajasthan through a collaboration with Serentica Renewables, a prominent renewable energy developer in India.

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Data centers to push India's power generation needs, $280 billion investment expected

The growth spurt in India's data center industry initially gained momentum in 2021 when a temporary ban was imposed on HDFC-Mastercard from issuing incremental cards due to data center outages.

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BPCL ready to invest Rs 1 lakh crore in Andhra Pradesh: Industries Minister Bharat

According to Bharat, BPCL officials told Naidu that the company is ready to invest massively in the state and discussed primarily about setting up an oil refinery.

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Hydropower surge: India to add nearly 12 GW in push for renewable targets

This strategic move was discussed in detail during the Power Ministers' conference of the North Eastern Region (NER) states—Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura—held in Guwahati.

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India to claim 3 per cent of APAC offshore wind capacity by 2033 with new funding scheme

This aligns with the Indian government's recent sanctioning of a Viability Gap Funding (VGF) scheme, underscoring its commitment to renewable energy and specifically to offshore wind energy projects.

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India must resolve land, connectivity issues and focus on wind to meet 50 GW RE target: HFE CEO Srivatsan Iyer

The Government’s target of setting up 50 GW capacity annually is commendable but to actualize this we will have to take care of on ground challenges, he said.

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New era of Pakistan-China cooperation has dawned, says PM Shehbaz Sharif

The prime minister said that the promotion of Pakistan-China cooperation in these fields will lead to economic development, strengthening of regional ties, and deepening of the relations between the two countries.

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Union Budget 2024: A turning point for India's energy and manufacturing sectors?

As the Union Budget 2024 approaches, industry leaders across various sectors are setting their hopes on strategic interventions that promise to revitalize their sectors and align with India’s broader aspirations for sustainable development and economic resilience.

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PM Surya Ghar: Govt buildings to achieve full rooftop solar saturation by 2025

The Ministry of New and Renewable Energy (MNRE) is tasked with the oversight and successful execution of this initiative, ensuring that the target of full rooftop saturation is achieved by the slated 2025 deadline.

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India to boost green hydrogen sector with new testing and quality assurance facilities

According to the guidelines, the National Institute of Solar Energy (NISE) will act as the Scheme Implementation Agency (SIA), responsible for overseeing the application and implementation processes.

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Vedanta reports rise in production of aluminium, iron ore, zinc in Q1

Oil and gas output dropped 17 per cent to 112,400 average daily gross operated production (boepd) during the quarter from 134,900 boepd a year earlier.

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IEX reports 24.7 per cent surge in electricity volumes amid rising demand

The Day Ahead Market (DAM) registered a volume of 4,849 MU in June 2024, an increase of 18.2 per cent over June 2023. The Real-Time Electricity Market (RTM) saw a volume of 3,213 MU, up 20.1 per cent year-on-year.

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IASST team develops nanocomposite, achieves 96.15 per cent success in pollutant degradation

The research, published in the journal 'Inorganic Chemistry Communications' by Elsevier, highlights the potential of NiTF not only in environmental applications but also across various industries, including energy storage, sensors, and renewable energy production.

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India to implement steel slag in roads, aiming for sustainable infrastructure

The guidelines advocate for the processed use of steel slag aggregates in road construction, tapping into the waste from steel industries to foster environmental sustainability.

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