Energy Economy

India can achieve energy independence by 2047, says US Energy Dept study

India can achieve energy independence by 2047, when it celebrates 100 years of independence, according to a study by the US Department of Energy's Lawrence Berkeley National Laboratory. The study titled "Pathways to Atmanirbhar Bharat" also notes India's energy infrastructure needs an investment of USD3 trillion in the coming decades. It determined that achieving energy independence will generate significant economic, environmental, and energy benefits for India which include USD2.5 trillion in consumer savings through 2047, reducing fossil fuel import expenditure by 90 per cent or USD240 billion per year, enhancing India's industrial competitiveness globally, and enabling its net-zero commitment ahead of schedule. "India's energy infrastructure requires a USD3 trillion investment in the coming decades, and our study finds that prioritizing new energy assets that are cost-effective and clean is crucial for long-term financial sustainability," said Berkeley Lab staff scientist and ..

Govt trying to resolve issues with France on Jaitapur nuclear reactors

The government informed Parliament on Thursday that it was earnestly trying to sort out with France the issues pertaining to the construction of 1650 MW nuclear power reactors in Jaitapur in Maharashtra. "Much of the conflict of views on the two sides happened because of geopolitical reasons. We are, very earnestly, trying to sort it out and we are moving forward," Minister of State for Atomic Energy Jitendra Singh said in the Rajya Sabha during the Question Hour. He was responding to a supplementary question asked by Congress leader Jairam Ramesh on the status of construction of nuclear power reactors in Jaitapur. There are technical, financial and civil nuclear liability issues that both sides have to resolve. India has announced plans to construct six 1,650 MW nuclear power plants at Jaitapur in Ratnagiri which could become the nation's largest nuclear power site once completed with a 9,900 MW capacity. Replying to another supplementary query asked by Muzibulla Khan of the BJD

German Chancellor Olaf Scholz betting billions of euros on securing energy

Scholz's strategy adds pressure on the country's finances at a time when Germany already risks tipping into recession

Reliance expects gas price to rise in Oct, wants removal of ceiling prices

Reliance Industries Lenergy td expects prices of natural gas in India to rise again in October but wants government-dictated caps to go, in a bid to align domestic rates with global energy prices

Hyderabad- based Greenko to offer energy storage through a cloud platform

Storage to be open access for any consumer to use, can own and invest in green energy projects

Covid 2.0 restrictions to impact energy demand growth recovery: Ind-Ra

The lockdowns on account of an increase in Covid cases in various states can impact all-India energy demand growth recovery in Q1 FY22 although demand is expected to be higher due to lower base effect

India takes centre stage in energy economy, to drive demand growth: IEA

The developing countries in Asia account for two-thirds of global energy growth, with the rest coming mainly from Middle East, Africa and Latin America