2024 Regulations: Shaping the Future of Gas Distribution Networks

In exercising authority granted by the Petroleum and Natural Gas Regulatory Board Act of 2006, significant revisions have been made to the regulations governing the declaration of city or local natural gas distribution networks as common carriers or contract carriers.

IREDA Chairperson Highlights India’s Green Push at World Energy Congress

The chairperson highlighted India’s ambitious target of achieving 500 GW of non-fossil fuel energy capacity by 2030, positioning it as a leader in the fight against climate change. He emphasized India’s commitment to achieving net-zero emissions by 2070, further solidifying its climate goals.

India and UK Strengthen Cooperation on Nuclear Safety

The Atomic Energy Regulatory Board (AERB) of India and the Office for Nuclear Regulation (ONR) of the United Kingdom have signed a bilateral arrangement to enhance cooperation in the field of nuclear safety. This agreement was signed on January 23, 2024 and February 20, 2024 through postal exchanges.

Power Generators To Sell Surplus Electricity in Market

The Ministry has observed that some power generators are not offering surplus power (beyond their contracted commitments) in the market. This leads to unused capacity at the national level, potentially impacting grid efficiency. Hence, the Ministry has clarified that generators, including those with long-term FSAs, can sell surplus power in the market as per the Electricity Act and related regulations.