Energy & Petroleum News Today

India’s petrochemical market remains resilient despite global oversupply and weak margins, driven by strong demand in EVs, solar, and infrastructure. Domestic refiners like BPCL and IOC benefit from integrated production, reducing cost pressures. While China’s slowdown impacts global trends, India’s $87 billion investment pipeline ensures long-term growth and market stability.

Facing reduced European demand and US trade shifts, India targets Africa and West Asia for solar exports, leveraging G2G deals to boost its 67 GW (and growing) manufacturing capacity.

Global solar power generation jumped 30% in 2024, exceeding 2,000 TWh. Solar is predicted to meet half of global electricity demand growth through 2027.

Despite stricter US sanctions, Russian crude imports to India are expected to remain steady in February and March, with sufficient tanker availability.

India may allow foreign EV makers like Tesla to test the Indian market before committing to a $500 million local manufacturing investment under the SMEC scheme.

To prevent summer power outages, KSEB will install 2,500 transformers by April end, upgrading many 100KV units to 160KV and repairing 600 more. A Rs 1,023 crore project will improve networks in three districts.

Farmers and activists protested the 400 kV Udupi-Kasaragod and 400/220 kV Paladka-Kadandale power transmission lines in Mangaluru, citing lack of notice and consent from landowners.

India's thermal power plants reported 74% of normative coal stocks (53.09 million tonnes) as of February 19, up from 62% last year. 30 plants, including 17 domestic coal-based, had critical stock levels.

TGGENCO seeks bids for a 56 MW solar project DPR (15 MW floating + 28 MW ground-mounted + 13 MW floating) by March 21, 2025. The project's estimated value is ₹1.3 million.

Power ministry urges distribution companies to improve financial health, implement cost-reflective tariffs, and list utilities to attract investment for future projects. 63 utilities were rated, with Adani Electricity Mumbai Ltd topping the list.