Energy & Petroleum News Today

El Nino conditions and rising temperatures are expected to drive India's September power demand and thermal coal burn, with daytime peak electricity averaging 254.63 GW and coal stocks dropping to 25.84 million tonnes.

Hindalco's proposed 1,876 crore Meenakshi Coal Mine in Odisha received strong public support. The 12 MTPA open-cast project promises significant employment, local development, and socio-economic transformation.

India's peak power demand nearly doubled to 270.8 GW, with total installed capacity rising to 552 GW. Non-fossil sources now account for 50% of capacity, achieving climate targets ahead of schedule.

India is prioritizing critical minerals through its National Critical Mineral Mission, backed by ₹34,300 crore in investments, to secure its clean energy transition and reduce foreign supply dependencies by 2031.

Kerala faces a severe electricity crisis as peak demand surges to 5,200 MW against a normal 4,200 MW, driven by erratic weather and a nationwide 12,000 MW power shortage, prompting calls for consumer self-regulation.

Rising Middle East tensions have pushed the Indian crude basket above $116 a barrel, threatening India's import costs, widening the current account deficit, and fueling inflation as 88 percent of oil is imported.

Critical minerals will highlight the BRICS summit. India launched a ₹36,000 crore incentive scheme, acquired five lithium blocks in Argentina, and targets 30% supply via e-waste recycling to ensure self-sufficiency.

Cuba seeks to elevate economic ties with India, focusing on biotechnology, renewable energy, and food production, while navigating challenges posed by long-standing US sanctions impacting its economy.

Coal India's September production rebounded as monsoons eased, but thermal power plant inventories continued to decline, falling to 25.84 million tonnes by September 9 as high electricity consumption outpaced supply.

SJVN Limited will commercially launch the 660 MW Unit-II of its 1,320 MW Buxar Thermal Power Project in Bihar on September 12, 2026, completing the plant and boosting revenues through long-term power agreements.