Category: oil-&-gas

EDF India has formed a strategic joint venture with Actis to deploy smart metering infrastructure under the National Smart Metering Project. This collaboration aims to enhance operational efficiencies, reduce losses, and improve billing accuracy, supporting India’s goal of deploying 250 million smart meters by 2025.

India aims to leverage its energy purchases in upcoming tariff negotiations with the US, planning to increase imports of US oil and gas to $25 billion. This strategy seeks to offset the higher freight costs by securing concessions on tariffs for Indian exports, addressing the trade imbalance between the two nations.

The US sanctioned over 30 individuals and vessels, including four Indian firms, for their role in the sale and shipping of Iranian oil. The sanctions come amid ongoing efforts to curb Iran’s oil exports, which primarily go to China using a network of shadowy intermediaries and vessels.

Power Mech Projects has secured a ₹164.63 crore order from BHEL for the 1600 MW DVC Koderma Thermal Power Station Phase-II EPC project. The contract includes design, engineering, supply, civil works, and commissioning and will be completed in 30 months.

Vedanta Group’s Cairn Oil & Gas commits ₹50,000 crore to oil and gas exploration in Assam and Tripura, enhancing local infrastructure with world-class E&P facilities. Prominent initiatives include setting up Nand Ghars, handloom skill centers, and digital classrooms. The project is set to produce 100,000 barrels per day, creating significant employment opportunities and promoting clean energy.

Sterlite Power has introduced two new corporate brands: Resonia for its transmission infrastructure business and Sterlite for manufacturing and services. This follows the demerger of its transmission operations and positions both entities to harness opportunities in the global energy transition. Resonia will focus on expanding transmission networks, while Sterlite will handle high-performance conductor and cable manufacturing.

State-owned NTPC, along with its subsidiary NTPC Green Energy Ltd, has signed multiple MoUs with the Madhya Pradesh government to invest over Rs 2 lakh crore in renewable energy projects. The projects include solar, wind, and pumped hydro storage, aiming to bolster India’s energy transition and Net Zero targets.

Adani Power has been given the green light by the committee of creditors to acquire Vidarbha Industries Power Ltd, which operates a 600 MW thermal power plant in Nagpur, Maharashtra. The acquisition is contingent upon approvals from the National Company Law Tribunal and adherence to the terms of the letter of intent.

Sanctions have reduced Russian oil exports to India by a quarter in February, with Indian refiners increasing oil imports from the US and Middle East. Indian imports from the US are set to rise, partly due to diplomatic pressure to balance trade. This adjustment comes as new sanctions disturb traditional trade patterns with Russia.

NTPC and EDF India have partnered to develop, own, and operate pumped hydro storage and other hydro projects, leveraging renewable energy. They plan to form a joint venture company pending government approval to work on these projects in India and neighboring countries, as well as explore distribution business opportunities.