India Energy Demand

Domestic solar capacity addition grows 27% in 2022: Mercom report

Solar capacity installations in India increased by 27 per cent to 13 gigawatts (GW) during the calendar year 2022, according to a Mercom India report. "Solar capacity made up 82 per cent of the total 16 GW new power generation capacities added in 2022," the report titled 'Mercom India Solar Market Update' said. India added 13 gigawatts (GW) of solar capacity in the calendar year (CY) 2022, a 27 per cent increase year-on-year (y-o-y) compared to 10.2 GW installed in CY 2021, it added. The country's cumulative installed solar capacity now stands at 63 GW, the report said. During 2022, large-scale solar projects accounted for 87 per cent of the installations. However, in October-December 2022, India added 2.6 GW of solar, down 5 per cent from 2.8 GW a year ago, it said. India's large-scale solar project pipeline stood at 58 GW, with another 51 GW of projects tendered and pending auction at the end of 2022. "Though impressive, record solar capacity additions in 2022 were barely half

Coal minister Joshi asks CIL to remove bottlenecks to boost production

Minister of Coal and Parliamentary Affairs Prahlad Joshi on Tuesday urged coal companies to identify and remove production bottlenecks in order to further increase dry fuel production

India Energy Week: PM Modi seeks more investments in oil & gas, refineries

Launches E20 fuel (petrol blended with 20% ethanol) two years before target

Why India needs to build a robust framework to facilitate energy transition

The investment buzz for the transition has begun but policy frameworks still lag the process

Union minister Joshi stresses on role of coal in India's energy security

Union minister Pralhad Joshi on Thursday said the nation's energy security is important and the country would still need around 1.5 billion tonnes of coal even if 50 per cent of energy demand is met through renewable sources. As a result, there was no need to worry about the future of dry fuel, Coal Minister Pralhad Joshi said. Speaking at an investor conclave in Mumbai, the minister said, "Our requirement for coal is increasing, our total dispatch in 2013-14 was 572 million tonnes, last year it was 817 million tonnes, this year it will be 900 million tonnes. Despite this, domestic production will not be able to fulfil full coal demand." While the total coal production from the domestic sources will be 1 billion tonnes, the total demand would be 1,300-1,400 million tonnes, he added. As the country is aiming to become self-reliant in the coal sector, deliberations are underway on how the country can perform sustainable coal mining, he explained. The power demand, he said, will doub

Why this is India's decade

From being the 'office to the world', India is set to become its factory too

Remarks on Prophet threaten to fray India's energy ties with Islamic world

West Asia is also India's biggest supplier of LPG, the fuel that is used in kitchens. India imported 48 million tonnes, or 58 per cent of the fuel used in the last three fiscals

India on its way to becoming global energy superpower: Hardeep Singh Puri

"Global energy superpower means we will set the pace for global consumption, becoming a significant producer by way of exploration and production of different sources of energy," he added

Iran ready to meet India's energy needs, eyes rupee-rial mechanism

Iran used to be India's second largest oil supplier but New Delhi had to halt imports after Donald Trump withdrew from the nuclear deal with Iran and re-imposed sanctions on its oil exports

Iran ready to meet India's energy needs, Tehran envoy tells New Delhi

Tehran is also willing to work closely with India to revive and find alternative routes for the stalled Iran-Pakistan-India pipeline project for transporting natural gas to India, he said

India believes legitimate energy deals must not be politicised: Report

Countries with oil self-sufficiency or those importing themselves from Russia cannot credibly advocate restrictive trading, say sources

Energy requirements of Indians expected to double in 20 years: PM

Delivering the inaugural address at the 21st World Sustainable Development Summit 2022 (WSDS-22), Modi said environmental sustainability can only be achieved through climate justice

PM Modi sets 2047 target for becoming 'energy independent'

PM Modi set a target of becoming 'energy independent' by 2047 through a mix of electric mobility, gas-based economy, doping ethanol in petrol and making the country a hub for hydrogen production

India unlikely to accept IEA's call to stop new fossil fuel investments

"We do not think the report by IEA has been vetted by the member countries as a position document", said a senior source in the government

Covid-19 second wave can hit energy demand in April-June quarter: Ind-Ra

Restrictions following the second wave of the COVID-19 pandemic could impact energy demand growth recovery in the first quarter of this financial year, says India Ratings and Research (Ind-Ra)

Best of BS Opinion: Competition in e-tail, Covid-19 vaccine, and more

Here's a selection of Business Standard opinion pieces for the day

Cross-border trade with Bangladesh, Bhutan, Nepal from next month: S N Goel

Distribution companies have signed long-term power purchase agreements (PPAs) for meeting 90-92 per cent of the demand, said Goel

India energy demand set to grow fastest in the world; to overtake EU

IEA saw primary energy consumption almost doubling to 1,123 million tonnes of oil equivalent as the Gross Domestic Product (GDP) expands to USD 8.6 trillion by 2040

India to be largest source of energy demand growth at $8.6 trn: IEA

India's growing energy needs will make it more reliant on fossil fuel imports as its domestic oil and gas production has been stagnant for years

Govt invites foreign investment in India's strategic petroleum reserves

India wants to cut its carbon emissions and raise the share of gas in its energy mix to 15% by 2030 from the current 6.2%