KKR launches renewable energy platform to acquire renewable assets in India

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Global investment firm KKR has announced the launch of Virescent Infrastructure, a newly created platform to acquire renewable energy assets in India. Virescent currently owns 317 MW of solar assets located in Maharashtra and Tamil Nadu. KKR has also entered into definitive agreements to acquire other operating solar projects across three different states. Once closed, […]

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ADNOC seeks Indian partners for its proposed $ 45 billion petrochem expansion plans

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Abu Dhabi National Oil Company (ADNOC), UAE’s biggest energy producer, is seeking Indian companies for partnership in its ambitious USD 45 billion downstream petrochemical expansion plans. ADNOC CEO Sultan Ahmed Al Jaber, along with global energy chief executives had a virtual session with India’s Prime Minister during the India Energy Week held earlier this week. A […]

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Despite India’s rapid electricity gains, quality remains a sticking point – report

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India has taken rapid strides in nearly doubling electricity access over the past two decades, but improving the quality and reliability of services remain as key challenges, according to a joint survey called Smart Access Study. The study, which was released in conjunction with NITI Aayog and the Rockefeller Foundation, was conducted to evaluate the status of electricity […]

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India to raise its refining capacities to 400 million tonnes from 250 million tonnes per year: Prime Minister

India has planned to raise its refining capacities from about 250 million tonnes per year (MTPA) to 400 MTPA by 2025, Prime Minister Narendra Modi told the recently held India Energy Forum The PM further indicated his preference towards moving the country towards a gas-based economy. “Increasing domestic gas production has been a key government […]

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India to probe into alleged dumping of LDPE from 6 countries

India has started a probe into the alleged dumping of low-density polyethylene (LDPE) from six countries, including Singapore and the US, following a complaint by an industry association. The Chemicals and Petrochemicals Manufacturers Association on behalf of the domestic industry has filed an application before the commerce ministry’s investigation arm DGTR for initiation of an […]

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Impact of COVID-19 on commodity markets heaviest on energy prices; lower oil demand likely to persist beyond next year

While metal and agricultural commodities have recouped their losses from the COVID-19 pandemic and are expected to make modest gains in 2021, energy prices, despite some recovery, are expected to stabilize below pre-pandemic levels next year, the World Bank said. Oil prices fell dramatically in the early stages of COVID-19 and have only partially regained […]

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