The projects will be developed by Bundelkhand Saur Urja, its joint venture with the Uttar Pradesh New and Renewable Energy Development Agency, as four 300 MW subprojects and will have to be commissioned within 18 months from the effective date of the signing of the power purchase agreement (PPA). The minimum bid capacity is 300 MW and the maximum capacity is 600 MW.

The Kyrgyz Ministry of Energy has signed an investment agreement with RECA and Rox Energy Global, two Vietnamese companies, to build and operate a 1.9 GW solar plant in the Kyzyl-Oruk village of the Toru-Aigyr rural district of the Issyk-Kul region of Kyrgyzstan.

Global primary energy demand is set to rise from 308 million barrels of oil equivalent (mboe/d) in 2024 to 378 mboe/d in 2050.

Japanese oil refiner Taiyo Oil Co. is transporting Russian crude oil to Japan for the first time in two years—on the tanker Voyager, which is blacklisted by the EU and the US Treasury Department.

According to Pei Zhaoyu, the chief engineer of China’s Chang’e-8 mission, China and Russia are planning to build a nuclear power plant on the Moon to power the International Lunar Research Station (ILRS), a project they are developing together starting with the Chang’e-8 mission.

China National Nuclear Corporation (CNNC) broke ground for the project on 12 July 2024.

During the visit, the Malaysian delegation were shown Rosatom’s technologies at the Leningrad NPP and also visited the Atom Museum which shows the historical development of the Russia’s nuclear industry.

Vietnam approved an atomic power development plan in February, following a non-binding agreement on nuclear energy cooperation signed with Russia the month prior.

The BRICS energy alliance has launched a coordinated system of Petro-Yuan (Chinese RMB Yuan currency) oil contracts that directly challenges US dollar dominance in global energy markets.

Gazprom launched supplies via the Power of Siberia pipeline in 2019 under a long-term agreement between Gazprom and China National Petroleum Corporation (CNPC), and supplies have been exceeding annual contractual obligations every year since 2020.

The JV plans to develop the renewable projects (solar, wind, hybrid, floating solar, BESS, pumped-storage hydropower) in phases, with an initial capacity of 500 MW to ramp up to 2 GW, and to eventually scale up to 5 GW.

Despite the global push for transition to cleaner sources of energy, India’s crude oil refining capacity is set to expand — to 450 million tons by the end of the decade from about 250 million tons now — on the back of growing domestic and overseas demand for oil products.

With prices linked to Henry Hub, market sources suggested that the cargoes are likely coming from the US. This is likely the first US LNG SPA signed by a Chinese company since the announcement of China's tariffs on US LNG.

Since 2019 China’s energy system seems to be undergoing significant shifts.

The discussion centred on new approaches to the efficient allocation of nuclear energy resources, current industry trends and prospects for cooperation between participating countries for balanced global development and energy security.