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New RE tech requires larger non-renewable minerals than high-carbon energy sources: UNHDR9 hrs ago

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The United States and other countries have banned imports of Russian crude and oil products over its invasion of Ukraine, and others have avoided acquiring cargoes out of fear of future sanctions. The European Commission is considering an embargo of Russian oil.

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Iyer is an electrical engineer with more than 36 years of experience in execution of projects in the areas of gas pipelines, LNG terminals, city gas distribution projects, renewables etc, amounting to Rs.40,000 crore.

Among the three bidders, RIL has made the highest offer - of around ₹1,960 crore - to lenders, and most of the money would be paid upfront, one of the persons cited above said. If RIL emerges as the winning bidder, it would mark the conglomerate's entry into coal-based power production.

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