The technology will facilitate smart grid, provide greater flexibility in reactive power management, and will also enable the integration of renewable energy resources.
The exact percentage of the stake of Oil India and Engineers India will depend on the extent of the right of first offer to be exercised by the Assam government
ONGC will ramp up production from its KG basin block to about 3-3.5 mmscmd from May, which will be further raised to 8.5 mmscmd in 2022/23 before hitting peak rate in 2024
"Solar power is set for explosive growth in India, matching coal's share in the Indian power generation mix within two decades," the IEA said in its India Energy Outlook 2021 released on Tuesday.
AGEL is targeting having 25 GW of renewable power generation by 2025, and Total said AGEL would form a key part of Total's overall plans for 35 GW of gross production capacity from renewable sources by 2025
The all-India thermal plant load factor is likely to improve to 57.0- 58.0 per cent in the next financial year from the estimated level of 53.0- 54.0 per cent in the current financial year, though it still remains subdued
India's coal consumption was likely to rise in coming years, but it could vary widely, with 2030 demand seen anywhere between 1.15 billion tonnes and 1.75 billion tonnes.
The government's statement followed that from Cairn Energy Plc which said that it had won the arbitration against the Indian government over a tax dispute arising from demand of $1.2 billion from tax department on listing of Indian operations back in 2007
HPCL Rajasthan Refinery opened the financial bids submitted by the two bidders (Petrofac and L&T Heavy Engineering) this month
The ultra-deepwater gas projects are likely to account for almost 25 per cent of the country domestic production and will help to reduce the dependence on imported gas
In the current financial year 2020-21, solar power tariffs declined to Rs 2.36/kWh between June-July 2020 and Rs 2.0/kWh in November 2020
State-run Coal India has asked power plants in the coastal areas to submit proposals for a gradual increase of its supplies to these units to reduce foreign exchange outgo
If approved, the plan would help old coal plants earn additional revenue, increase liquidity in short-term power markets and help distribution companies in states access cheaper power
The country's domestic consumption of petroleum products increased by 1.8 per cent year on year (YoY) to 4.2 million barrels per day in October 2020
The power demand increased by 11.5 per cent YoY in October 2020, which is a rise for the second consecutive month