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India’s power sector to see Rs 40 trillion investment by 2035

India, News

India’s power sector is projected to receive over Rs 40 trillion in investments in the next decade, according to a report by Motilal Oswal. Of this, around Rs 34 trillion will be directed towards capital expenditure in areas like power generation, transmission, and smart metering, which will account for 86%, 10%, and 4% of the total, respectively. This investment surge is fueled by rising power demand, driven by India’s growing GDP, technological advancements, and a…

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India’s net-zero ambitions hinge on green hydrogen, S&P Global report finds

India, News

India’s target of achieving net-zero emissions by 2030 depends heavily on significant advancements in the green hydrogen sector, according to a report by S&P Global. The report warns that delays in progress could push the timeline back by as much as a decade. Green hydrogen is a key element in India’s energy transition strategy, which focuses on energy efficiency, renewable energy, low-emission fuels, and sustainable mobility. To meet its ambitious goals, India must ramp up…

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India needs fivefold growth in wind and solar by 2030 to meet 1.5°C climate goals, analysis finds

India, News

A new analysis by Climate Analytics and the NewClimate Institute reveals that India needs to grow its wind and solar power generation fivefold by 2030 to align with global climate goals under the 1.5°C target. This would require generating around 1,100 TWh of electricity from wind and solar by the end of the decade. To achieve this, India would need significant international climate finance to support its transition away from coal, which currently generates 75%…

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Sealmatic India wins supply order from BHEL

India, News

Sealmatic India has won a contract to supply engineered mechanical seals for the DVC Raghunathpur Thermal Power Station Phase-II, with an installed capacity of 1320 MW (2 x 660 MW), through Bharat Heavy Electricals Ltd (BHEL). The order is expected to be completed within 24 weeks. Sealmatic specializes in designing and manufacturing high-precision, heavy-duty mechanical seals for power plant applications, including nuclear and thermal plants. The mechanical seals will be used in critical components such…

Institutional Infrastructure of Energy in India

Power 101

India’s energy sector is supported by a vast and multi-tiered institutional infrastructure that includes ministries, regulatory bodies, public sector undertakings (PSUs), and research institutions. These entities work together to manage, regulate, and oversee energy production, distribution, and policy implementation. Below is an overview of the key institutions involved in India’s energy landscape. Ministries Ministry of Power (MoP): The Ministry of Power is responsible for developing and managing the country’s power sector. It oversees electricity generation,…

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India signs key IPEF agreements on Clean and Fair Economy

India, News

On 21 September 2024, India signed agreements under the Indo-Pacific Economic Framework (IPEF) for Clean Economy, Fair Economy, and an overarching IPEF arrangement during Prime Minister Modi’s visit to the US. IPEF Clean Economy Agreement (Pillar-III) The Clean Economy Agreement focuses on boosting technical cooperation and clean energy technology deployment. It aims to accelerate renewable energy investments and provide concessional financing for MSMEs. Initiatives like the IPEF Catalytic Capital Fund, with USD 33 million (Rs…

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ONGC Green to acquire 288.8 MW of wind power assets from PTC India

India, News

ONGC Green Energy Limited (OGL), a subsidiary of Oil and Natural Gas Corporation (ONGC), has signed a share purchase agreement (SPA) with PTC India Limited to acquire its 288.8 MW operational wind power projects. The projects, consisting of 157 wind turbine generators, are located across Andhra Pradesh, Madhya Pradesh, and Karnataka.

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RWE, AMG in deal to supply green ammonia from India

India, News

RWE has signed a memorandum of understanding with AM Green Ammonia (AMG) for the long-term annual supply of up to 250,000 tonnes of green ammonia. The ammonia, derived from hydrogen, will be produced at AMG’s facilities in Kakinada and Tuticorin, India. Initially, 50,000 tonnes will be produced at Kakinada, with the remaining 200,000 tonnes sourced from the Tuticorin facility. The green ammonia will meet the EU’s Renewable Fuels of Non-Biological Origin (RFNBO) standards under the…

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Arevon Energy secures $351 million financing for Gibson Solar Project in Indiana

Global, News

Arevon Energy has secured $351 million in financing to construct the 251 MW Gibson Solar Project in Gibson County, Indiana. The project, already under construction, is expected to generate over $83 million in local government payments throughout its lifespan and will provide enough clean energy to power more than 30,000 homes annually. The financing package includes a construction loan and a letter of credit (LC) facility led by CoBank, Societe Generale, and PNC Bank. CoBank…

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Indian Railways to invest Rs 1.74 trillion by 2025, transforming infrastructure and operations

India, News

Indian Railways is on a transformative journey with total investments projected to reach Rs 1.74 trillion between fiscals 2016 and 2025, according to a CRISIL report. This represents a compound annual growth rate (CAGR) of 12%, positioning Indian Railways as a key driver in India’s push toward becoming a high-income economy. The report highlights major infrastructure advancements, including the electrification of over 94% of the broad-gauge network as of fiscal 2024, along with ongoing modernization…