India shrinks its gas fleet as idle plants become unusable

India has phased out approximately five gigawatts of gas-fired power capacity due to years of idleness and high gas prices, rendering the plants inoperable. This decline in gas power, particularly impacting Andhra Pradesh, poses challenges in meeting peak electricity demand, especially during summer evenings when solar power is unavailable. The nation’s gas fleet has shrunk…

RIL moves Supreme Court against Delhi HC ruling in $1.73 billion gas dispute with ONGC

Reliance Industries has approached the Supreme Court, challenging a Delhi High Court order that overturned an international arbitration ruling in its favor. The dispute involves $1.729 billion related to gas migration from ONGC’s adjoining fields into RIL’s Krishna Godavari-D6 block. The government alleged RIL unjustly enriched itself by siphoning gas, a claim initially rejected by…

Fast breeder reactors may aid nuclear leap

India aims to achieve 100 GW of nuclear power by 2047, potentially including up to 5 GW from fast breeder reactors (FBRs). This move signifies India’s expansion into the second stage of its nuclear program, with the prototype fast breeder reactor expected to be commissioned soon.

India readies gas power fleet to prevent summer blackouts

India is mandating increased gas-fired power generation to meet surging electricity demand this summer, driven by soaring temperatures. The government’s emergency measures, effective until June 30, aim to ensure uninterrupted power supply, particularly during peak demand periods. Gas plants will receive two-week notices to arrange fuel, with assured offtake and payment security.

Regulator approval must for new LNG import terminal

The Petroleum and Natural Gas Regulatory Board (PNGRB) has mandated prior approval for establishing or expanding LNG import terminals, aiming to boost natural gas usage to 15% of India’s energy mix by 2030. While promoting competition and preventing wasteful investments, the new regulations surprisingly eliminate the requirement for reserving terminal capacity for third-party access.

IOCL targets $1 trillion revenue by 2047, to enter data centres, nuclear power, battery and mining sectors

Indian Oil Corporation Ltd is strategically diversifying into sectors like data centers, nuclear power, and battery manufacturing to achieve $1 trillion in revenue and net-zero emissions by 2047. The company aims to significantly expand its refining and petrochemical capacities, alongside substantial growth in green energy and natural gas distribution.

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