In Short : Multilateral climate funds such as the Green Climate Fund and Climate Investment Funds are vital in advancing clean energy. They provide concessional financing, technical support, and risk mitigation to help developing nations adopt renewables, improve energy efficiency, and reduce emissions. These funds catalyze private investment and support national energy transitions aligned with […]
PM Modi highlights 11 years of transformative reforms in energy sector – EQ
In Short : Prime Minister Narendra Modi marked 11 years of major reforms in India’s energy sector, highlighting strides in renewable energy, rural electrification, and clean energy initiatives. Key programs like PM-KUSUM, Surya Ghar Yojana, and Saubhagya have advanced sustainability goals. With over 232 GW renewable capacity and record foreign investments, India is emerging as […]
AI Powers a New Era of Efficiency and Profitability in the Energy Sector – EQ
In Short : AI is revolutionizing the energy sector, delivering up to 79% efficiency gains and over 10% ROI for 60% of firms, according to a report. Applications include smart grids, predictive maintenance, and building energy management, cutting outages by 40% and maintenance costs by 30%. These technologies are saving billions and boosting productivity across […]
IEA-At London summit, energy sector leaders usher in a new era of energy security – EQ
In Short : At the London Energy Security Summit, global leaders pledged to boost clean energy and reduce fossil fuel reliance. The UK announced £300 million for offshore wind and a £2 billion carbon capture project. While Europe backed the green push, the U.S. raised concerns over net-zero goals. The summit marked a united step […]
Kenya’s energy sector is making strides toward universal electricity access, clean cooking solutions and renewable energy development – EQ
In Short : Kenya is advancing toward universal electricity access, clean cooking solutions, and renewable energy growth. With nearly 10 million connected to the grid, the goal is full access by 2030. Initiatives support clean cookstoves and expand geothermal, wind, and solar energy. Projects like Lake Turkana Wind Power highlight Kenya’s commitment to sustainable, inclusive […]
IEA Executive Director meets bilaterally with Prime Minister Ishiba of Japan to discuss energy sector priorities – EQ
In Short : IEA Executive Director Dr. Fatih Birol met with Japanese Prime Minister Shigeru Ishiba to discuss Japan’s energy priorities. Their talks focused on accelerating clean energy transitions, enhancing energy security, and promoting nuclear power for decarbonization. Both leaders emphasized international cooperation to address global energy challenges and committed to advancing Japan’s carbon neutrality […]
EBRD to provide 1 billion euros to Ukraine’s war-ravaged energy sector in 2025 – EQ
In Short : The European Bank for Reconstruction and Development (EBRD) will invest €1 billion in 2025 to support Ukraine’s energy sector, heavily damaged by the ongoing war. The funding will focus on restoring infrastructure, enhancing energy security, and ensuring resilient and sustainable power supply amid continuing challenges. In Detail : KYIV – The European […]
Energy sector demands enhanced investment, PLI boost, and tax reform in Union Budget 2025 – EQ
In Short : Energy sector leaders are urging the government to prioritize increased investment, expanded Production-Linked Incentive (PLI) schemes, and tax reforms in the Union Budget 2025. Key proposals include financial relief for solar manufacturers, a uniform GST on batteries, and incentives for energy storage solutions and green hydrogen. These measures aim to boost domestic […]
ADB and Nepal Mark Over 5 Decades of Partnership in the Energy Sector – EQ
In Short : The Asian Development Bank (ADB) and Nepal have partnered for over 50 years to transform Nepal’s energy sector. This collaboration has driven hydropower development, rural electrification, and energy reforms, while enhancing transmission networks and promoting regional energy trade. ADB’s support has been crucial in harnessing Nepal’s hydropower potential, ensuring sustainable energy access, […]
Power Grid board approves ₹5,000 crore bond issue via private placement – EQ
In Short : The board of Power Grid Corporation has approved a bond issue of ₹5,000 crore through private placement. This move aims to raise funds for financing various infrastructure projects and strengthening the power transmission network. The issuance is expected to enhance the company’s financial stability and support its ongoing efforts to expand and […]