India, the third-biggest oil consumer, expects fuel demand to return to normal earlier than projections by the International Energy Agency and OPEC. “If you look at the trend of the past few weeks, I’m confident that by the end of second quarter, demand will be as usual,” India’s Oil Minister …
Read More »Indian Firm to Invest $6 Billion in Solar Power as Country Targets Lofty Renewable Energy Goals
The newly announced agreement will see Adani Green Energy Limited develop 8 gigawatts of solar power.
Read More »Indian Bank Eyes Non-Oil Imports from Iran to Sustain Rupee-Rial Trade
India’s UCO Bank is exploring the avenues to keep the rupee payment mechanism with Iran alive, amid the challenges made by the US’ unilateral sanctions. According to A K Goel, MD and CEO of UCO Bank, with India no longer importing oil from Iran, the lender is in talks with …
Read More »India Approves 100% Solarisation Project for Sun Temple in South India
The ancient temple and the nearby town will be powered by solar energy through a 10MW grid-connected solar PV project.
Read More »India’s Solar Park Scheme Offers $700 Billion Opportunity for Investors
India’s massive solar power park scheme holds immense investment potential, a recent study has found. According to the thinktank Institute for Energy Economics and Financial Analysis (IEEFA), India could attract investment worth $500-700 billion in its solar power park scheme. The investment is likely to come not only in power …
Read More »India Projected to Fall Short of Its Target to Install 60GW of Power by 2022
The Global Wind Energy Council and MEC Intelligence say the Indian wind industry will fall short of its target by as much as 10GW.
Read More »India’s Carbon Emissions Fall for 1st Time Since 1982
For the first time since 1982, India’s CO2 emissions have fallen. According to the BBC, the lockdown from the coronavirus pandemic was the tipping point of something already happening. In an analysis by Carbon Brief, a study found that India’s carbon dioxide emissions had fallen 15% in March and were …
Read More »Promoting Non-Oil Export, Sole Way to Domestic Production
Iranian President Es’hagh Jahangiri said that promotion of export of non-oil commodities in the country is the sole way of booming domestic production.
Read More »India Takes Advantage of Low Oil Prices
Indian refiners have stored about 32 million tonnes of oil in tanks, pipelines and on ships, taking advantage of low oil prices to help the nation cut its import bill, oil minister Dharmendra Pradhan said on Monday. India, the world’s third biggest oil importer, buys over 80% of its oil …
Read More »India Doubles down on Solar, Gas at Coal’s Expense as Electricity Use Falls
India’s solar and gas-fired electricity generation rose in April even as overall power demand fell at the steepest monthly rate in at least thirteen years, a Reuters analysis of provisional government data showed. Solar-powered electricity generation rose 16.9%, accounting for a record 5.6% of the country’s total output, while gas-fired …
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