India

A 10% profit petroleum payment for discoveries will be levied.

The 25% rate will be applied in the first year and then get phased down.

It’s the first time in three years that imports rose.

It beat Tamil Nadu as the leader in India’s renewable energy generation, a report said.

It will focus on energy storage devices and smart grids.

Government support may dwindle, a report warns.

Domestic players are disadvantaged, trade ministry says.

Contract provisions will be revised.

The project will be commissioned by 2020.

The projects are on a build-operate-own basis.

It has an aggregate capacity of 2.5GW.

Competitors can apply for at least 50 MW projects with a 1,800 MW maximum bid.

The reactors are rated 1,600 MWe each at the 9.9 GW Jaitapur nuclear power project by NPCIL.

If the energy transition outlook by DNV GL proves true, then almost three-fourths of the electricity demand increase by 2050 will be generated by renewables.

Six manufacturing companies won a total of 1,435 MW at a winning price of INR2.51/kWh.

Selected projects will be under build-own-operate basis.