Power Grid Corporation of India Ltd (PGCIL), through its subsidiary Central Transmission Utility of India (CTU), had earlier filed a petition to execute power transmission infrastructures for up to 18.5 GW of renewables energy zones in southern India

China, India, Japan, South Korea and the UK will join the US in releasing strategic oil stocks, the White House said, without giving further details.

Due to evolving nature of Reliance's business portfolio, Reliance and Saudi Aramco have mutually determined that it would be beneficial for both parties to re-evaluate the proposed investment in O2C business in light of the changed context.

India has pledged to increase the share of renewables in its energy mix from about 38% last year to 50% by 2030.

The renewable capacity additions planned by India's largest coal miner Coal India Ltd. and its subsidiaries, along with other state-run coal miners Singareni Coal Company Ltd. and NLC India Ltd., will see an investment of over Indian Rupees 150 billion ($2.02 billion) by 2030

Under the provision, India's power distribution companies will not have to make separate PPAs for selling renewable power, which is cheaper than some other sources of power, and more profitable.

India’s energy demand will increase by 35% from 2019 to 2030.

Overall, AGEL's investments in renewables and hydrogen could total US$70bn by 2030.

"And fifth - by the year 2070, India will achieve the target of net-zero. These panchamrits will be an unprecedented contribution of India to climate action."

As per the recently released, World Energy Outlook 2021, IEA forecasts that’s India's power demand is slated to nearly treble to 5000 TWh by 2050, let primarily by renewable sources of energy.