Powergrid : Power Grid to inject Rs 425 cr in #energy efficiency services

India has agreed to release 5 million barrels of #CrudeOil from its Strategic Petroleum Reserves.

This release will happen in parallel & in consultation with other major global #energy consumers including the USA, China, Japan and Korea.

Govt revises #energy storage guidelines. Now, any company can set up standalone energy storage system in the country.

Russian President Putin: #Energy co-operation with Germany is a priority, #Russia is reliable energy supplier

Alok Kumar, Secretary, #Power Ministry: Have to meet #energy demand for growth. During the transition, have to look at the cost of energy

Utility reform is the core of energy transition for the next 20 years

Green hydrogen potential in India needs to be exploited aggressively

INDIA-#UAE JOINT STATEMENT

Boost bilateral #trade to $100 bn in 5 years

Expedite work on a dedicated investment zone for UAE cos

JVs to focus on setting up a food corridor

Dedicated India Mart in Jebel Ali Free Zone

Support #energy transition & work on low-carbon future

#Energy | The power sector is going global as part of Vision 2047, the government’s plan to make India one of the world’s top three economies by the 100th year of Independence.

World Bank: Growth in #developing economies is projected to halve this year, from 6.6% in 2021 to 3.4% in 2022.

Negative spillovers from the war in Ukraine will more than offset any near-term gains to some #commodity exporters from higher #energy prices.

Finance Minister @nsitharaman has again warned that #India may have to get back to #coal to sustain #energy requirements. She said that @COP26 set ambitious goals to tackle climate change but global challenges have made the situation difficult for the whole world.

#Sensex, #Nifty & #NiftyBank are flat for the week
#Midcap records longest gaining streak since September 2022, up for 10th straight week
Except #energy, all sectoral indices post gains, #Realty & #Pharma top gaining indices
33 Nifty stocks give positive returns, #ApolloHosp, #Hero, M&M, #Titan top gainers

US-Indo partnership is deeper, we look instinctively to each other. #India is a major partner for #US & we share a common vision on clean #energy transition, says Jonathan Finer, Deputy National Security Adviser of The White House

#B20SummitIndia | We see the #energy transition as a massive growth opportunity and not a threat, but we have to go to the energy intensive industries and help them with their transition, says BP UK CEO, Bernard Looney

#B20SummitIndia | #Energy transition can only happen with policy framework and #carbon markets. Cost and complexity of energy transition is immense and which will need govt support, says Tata Steel MD & CEO, TV Narendran

#Reliance AGM: Fuel cell to solar photovoltaic module outlook, what to expect from #O2C and new #energy biz

#JustIn | #AdaniGroup and Google announce a #collaboration through which #Adani will supply clean #energy from a new solar-wind hybrid project located in a renewable energy plant at Khavda, #Gujarat

*This new project is expected to start commercial operations in the third quarter of 2025