US to scrap curbs on Indian nuclear entities, boost energy ties

The US announced plans to ease regulations hindering civil nuclear cooperation with India, marking a significant step to fully realize the 2008 India-US civil nuclear deal. US NSA Jake Sullivan emphasized the importance of US-India defense, technology cooperation, and the India-Middle East-Europe Economic Corridor, while urging adherence to democratic values for deeper partnerships.

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Tata Power's ambitious pumped hydro project in Maharashtra to commence from this month

Tata Power's Pune and Raigad pumped hydro storage projects, with a combined 2,800 MW capacity, have received necessary approvals. These projects, valued at Rs 13,000 crore, aim to ensure a 24×7 clean power supply by 2029, contributing to grid stability and renewable energy integration.

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NTPC Renewable Energy bags 1,000-MW solar power project

NTPC Renewable Energy Ltd has secured a 1,000-MW solar power project from Uttar Pradesh Power Corporation Ltd (UPPCL) at a tariff of Rs 2.56/kWh.

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India’s petroleum demand to rise 3%-4% in FY25: Fitch

The demand growth will primarily be driven by diesel and petrol consumption, which account for a significant portion of India’s petroleum product usage. This follows increases of 3% during the first seven months of FY25 and 5% in FY24.

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Facing Rs 4k cr revenue gap, discoms want to hike power tariff by 7.5%

Though the overall hike of 7.52% has been sought, the domestic consumers will face the burnt of 7.3% and for agricultural consumers the hike will be 8.3%.

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Andhra Pradesh cabinet approves Rs 2,723 cr for Amaravati works, other investments

The Andhra Pradesh cabinet approves two engineering projects worth Rs 2,723 crore for Amaravati, including a green ammonia manufacturing facility and South India's first integrated energy project. Financial aid comes from the World Bank, HUDCO, and Germany. Other notable projects by Tata Power, RIL, and visits by PM Modi were also detailed.

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Oil rises as investors return from holidays, eye China recovery

Brent crude futures rose 46 cents, or 0.6%, to $75.10 a barrel by 0128 GMT after settling up 65 cents on Tuesday, the last trading day for 2024. U.S. West Texas Intermediate crude futures gained 49 cents, or 0.7%, to $72.21 a barrel after closing 73 cents higher in the previous session.

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