Energy & Petroleum News Today

Bitumen prices in India remain stable despite sluggish construction activity and abundant supply. Extended monsoon delays and elevated port inventories have created a buyer-friendly market. New capacity additions and improved logistics are enhancing availability, especially in the South and East. Prices are expected to remain rangebound unless unexpected refinery disruptions emerge.

TNERC approved TNPDCL's 5-year procurement of 1,000 MW RTC power to meet Tamil Nadu's rising demand. Peak demand hit 20,830 MW, projected to reach 35,507 MW by FY 2034-35. This ₹6,143 crore deal ensures stable, cost-effective supply.

Rajasthan boosts rooftop solar under PM Suryaghar, with 1.09 lakh plants installed. Jaipur leads with 15,932. Monthly 10,000+ installations, supported by ₹17,000 subsidy and 5.75% loans, aim for state leadership.

Rajasthan showcased its leadership at the Global Energy Leaders Summit 2025, highlighting 2,470 MW decentralized solar success under PM-KUSUM and 6,000 MWh energy storage development, positioning itself as a model for renewable energy.

CSERC approved M/s Rituraj Steel's request on Dec 4, 2025, for open access exemption for its 0.5 MW AC captive solar plant without a dedicated feeder, subject to conditions accepted by the company.

India secured USD801m from ADB for four projects: USD500m for Maharashtra's solar power, USD190.6m for Indore Metro, USD109.97m for Gujarat skills, and a USD1m grant for Assam's wetland project.

Suzlon expects over 40 GW of 45.34 GW uncontracted renewable capacity to become FDRE. This integrates solar, wind, and BESS for reliable 24x7 power at ₹5.5/unit, aiding India's 500 GW non-fossil goal.

India's Q3 2025 solar exports surged 65.2% YoY to $344.5M, while imports fell 15.1% YoY to $837.5M. US tariffs and ALMM rules impacted trade, with 9M exports down 13.3% and imports down 21%.

MNRE shared 122 GW solar module manufacturing data with financial institutions to spur financing in upstream segments like cells and polysilicon. India's non-fossil capacity is 259 GW, aiming for self-reliance.

TNERC approved TNGECL's 420 MW KUSUM solar tender with a ₹3.1/kWh ceiling tariff, lower than the proposed ₹3.28/kWh. This aims to boost solar energy procurement, with DISCOMs receiving up to ₹0.4/kWh PBI for five years.