Month: February 2025

An unusually warm February caused peak power demand to reach 238 GW during solar hours, surpassing the expected 234 GW. Electricity consumption increased by 6% from last year. Coal stocks at power plants rose by 30% to 50.8 million tonnes. Peak power demand in March is expected to further increase to 240 GW during solar hours.

Transformers and Rectifiers (India) Ltd has secured a new order worth Rs 166.45 crore from Hyosung T&D India Pvt Ltd. The contract involves the manufacturing and supply of single-phase coupling transformers for TBCB (tariff-based competitive bidding) projects, to be completed by the next financial year. The company also clarified that its promoters and group companies have no interest in the entities awarding the orders.

India’s oil imports from the U.S. surged in January, reaching 218,400 barrels per day (bpd), up from 70,600 bpd in December, making the U.S. India’s fifth-largest oil supplier. New Delhi aims to increase energy imports from Washington to $25 billion from $15 billion last year.

The company is looking to refinance debt at around 18%, down from the earlier 22-23% borrowing costs. The 540 MW power plant struggled to sustain its original debt, especially when valuations dropped to Rs 2 crore per MW, justifying only Rs 1,100 crore in debt. However, with valuations now improving to Rs 3-Rs 3.5 crore per MW, the viable debt level has risen to around Rs 1,600 crore.

Indraprastha Gas Ltd (IGL) supports ending city gas monopolies, confident in sustaining its business amid new competition. IGL’s MD Kamal Kishore Chatiwal believes the company can protect its market in Delhi and sees potential opportunities in neighboring territories due to higher CNG prices in competitors’ areas.

Indian state power company NTPC plans to build 30 gigawatts of nuclear power capacity over 20 years, tripling its original target after the government opened the sector to foreign and private investment. This $62 billion project aims to lead India’s nuclear power expansion, addressing land acquisitions and local resistance, with potential collaborations from international partners.

Sterlite Power has successfully completed the Nangalbibra-Bongaigaon transmission line project, enhancing the power infrastructure in Assam and Meghalaya. The project, which includes a 300 cktkm transmission line and a greenfield substation, ensures reliable electricity supply and lays the foundation for future expansion and regional development.

The Delhi High Court has overturned an international arbitration tribunal’s decision, requiring Reliance Industries and BP to compensate for gas allegedly migrated from adjoining fields. The case is based on a dispute regarding gas production from blocks awarded under the New Exploration Licensing Policy. Reliance may now challenge this ruling in the Supreme Court.

India may benefit from US President Trump’s push to increase oil and gas production, which aims to lower global prices and boost economic growth. As a major importer, India could secure more affordable energy supplies. The US expects increased oil exports to stabilize global prices, benefiting Indian refiners amid geopolitical shifts and sanctions affecting Russian crude.

The Delhi High Court division bench overturned a 2018 arbitral tribunal ruling that favored Reliance Industries in a $1.729 billion gas migration dispute with ONGC. The court found ‘patent illegality’ in the arbitral award and set aside the 2023 single judge’s decision upholding it.