Energy & Petroleum News Today

Maharashtra targets 45 GW renewable capacity by 2032 to meet rising demand. Pune advances clean energy expansion with solar, rooftop installations, agricultural feeder solarisation, and battery storage initiatives.

Nagaland's Power Department signed a PPA with M/s Tvaksas Renewable Pvt. Ltd. to develop a 20 MW solar power plant at Tizit, aiming to boost the state's renewable energy capacity and meet rising power demands.

Indian bitumen prices softened from August 1 as monsoon conditions and weak demand pressured refinery prices, while imported material remained expensive due to Iran supply restrictions and uncertainty around the Strait of Hormuz. Falling Brent prices may provide relief, but elevated freight, shipping risks and limited Iranian exports continue to support market prices.

Ukraine's Energy Ministry reports available generation capacity of 15 GW, aiming to reach 21.4 GW by year-end. With 4.8 GW repaired, the country currently exports more electricity than it imports.

Khethworks opened a new office in Sainikpuri to expand portable solar irrigation systems for small and marginal farmers, aiming to reduce dependence on diesel and enhance climate-resilient agriculture.

Maharashtra plans to mandate EV charging points in new housing projects under revised building regulations, while offering incentives for existing societies, though high electrical upgrade costs remain a challenge.

The US proposes tariffs up to 100% on major Russian oil buyers, threatening India's energy strategy. With 90% import dependence and disrupted Middle East routes, New Delhi faces severe cost challenges.

A new CSE study urges India to integrate renewable energy with its coal power sector by flexibilizing coal plants to stabilize the grid and avoid costly battery storage during its clean energy transition.

India's rebar market strengthened due to rising DRI and scrap prices, driven by higher coal costs. Primary rebar is INR 49,000-52,000/tonne, while secondary rebar in Raipur is INR 43,500-44,500/t, though rolling margins face pressure.

BMW India has unveiled the locally assembled i5 Long Wheelbase electric sedan, featuring a 268hp motor, an 81.6kWh battery delivering a 669km range, and a limited First Edition of 99 units. Bookings are now open.