LNG must compete with coal, solar and batteries to grow in India’s energy mix: experts
Hyderabad: While the Indian government is further pushing the pedal on Liquefied Natural Gas (LNG), industry and experts believe that LNG should be part of India’s energy basket alongside other sources, not a sole major player. Besides, to make its presence felt in the country’s energy basket, LNG will need to compete with other sources of energy that are competitively priced. Recently, the “VISION 2040 - NATURAL GAS INFRASTRUCTURE IN INDIA” report was submitted to the Petroleum and Natural Gas Regulatory Board (PNGRB). The report is by a high-level expert committee constituted by the PNGRB to chart a long-term roadmap for the sector. The PNGRB has been mandated to develop infrastructure to transport natural gas to consumers across the country. “To accelerate the integration of natural gas into India’s energy mix, transportation infrastructure must be proactively developed ex-ante,” it had said.

Govt needs long-term framework to attract global capital in green hydrogen: L&T
Mumbai: To rapidly scale-up production of green hydrogen and ammonia in the country, and attract global capital in the segment, the Centre needs a systematic long-term framework, said to a top official in Larsen & Toubro.

Oil imports from Russia hit 5-month high in Nov
India’s purchases of Russian oil turned stronger and hit a 5-month high of 1.8 million barrels per day in November. Shipments of Russian grade accounted for over 35% of the country’s total crude import mix in the month, as per data from Kpler.

India’s Energy Transition: Cooperation and stronger institutions will shape the next decade
India’s power sector has changed dramatically over the past decade. We have nearly doubled  the country’s generation capacity since 2014, adding about 129 gigawatts of renewable energy  and proving that when India pursues scale with seriousness, it can deliver. Solar parks came up  in record time, wind corridors expanded, and green transmission grew from a concept to a  reliable network. This has brought India well-deserved global attention.  

KPI Green Energy bags Rs 489 crore floating solar EPC contract
KPI Green Energy has secured a major engineering, procurement and construction (EPC) contract worth Rs 489.17 crore from Gujarat State Electricity Corporation (GSECL) for a floating solar photovoltaic project. 

IndiGrid to buy ISTS project from ReNew Power for ₹372 crore
IndiGrid, a power sector Infrastructure Investment Trust (InvIT), on Tuesday announced the execution of definitive agreements to acquire Gadag Transmission, a Karnataka-based Inter-State Transmission (ISTS) project, for ₹372 crore, excluding any net working capital and cash adjustments. Additionally, there will be an earn-out related to change in law, availability, and bilateral billing-related aspects to be paid to the sellers if and when the payment is received.

Solar power: AP Govt to provide ₹20,000 subsidy to BC consumers
Hyderabad: Andhra Pradesh Chief Minister N Chandrababu Naidu approved a proposal to provide ₹20,000 subsidy to Backward Class (BC) power consumers who come forward to set up 3 kv solar panels. 

Peak Energy celebrates two-year milestone with over 1.5 GW in projects across APAC